24H Hot Tokens & Headlines｜First Round of High-Level US-Iran Talks Concluded; Renowned MEV Bot Jaredfromsubway.eth Hacked (June 22)
- Core Viewpoint: This article reviews intraday cryptocurrency market movements and developments across multiple sectors, with the main focus on the preliminary agreement reached in US-Iran negotiations, as well as Bitcoin miners entering a capitulation phase and mining difficulty dropping over 20%.
- Key Elements:
- The US and Iran concluded their first round of high-level talks in Switzerland, with all parties finalizing a 60-day roadmap. Qatar and Pakistan, serving as mediators, will release a document on the outcomes.
- Iran's Ministry of Foreign Affairs stated that a mechanism arrangement has been reached regarding the safe passage of ships through the Strait of Hormuz, and progress has been made on oil licenses and the unfreezing of Iranian assets.
- Galaxy Research points out that Bitcoin miners have entered a "capitulation phase," with mining difficulty dropping over 20% from its historical peak, marking the largest retracement since 2021.
- The National Federation of Business Pension Funds in Japan plans to allocate 1% of its total assets to cryptocurrencies by the fiscal year 2026, investing in passive funds.
- The well-known MEV bot Jaredfromsubway.eth was hit by an "anti-MEV honeypot attack," suffering losses of over $7.5 million. The attacker deployed 66 fake token contracts.
- The state verification mechanism of the Taiko chain was compromised. Users are advised to immediately withdraw funds from the cross-chain bridge, with its ERC-20 Vault losing over $1 million.
- Analysts point out that Strategy is still a long way from forced liquidation, and comparing the de-pegging of STRC to the UST collapse is a clear and significant overinterpretation.
1. Popular Tokens on CEX
CEX Top 10 by Trading Volume and 24h Change:
- BTC: + 0.59%
- ETH: + 0.4%
- SOL: + 1.48%
- RE: - 12.6%
- ZEC: - 4.62%
- WLD: + 7.37%
- TAO: +1%
- XRP: - 0.46%
- BNB: + 0.87%
- NEAR: - 0.41%
24H Gainers List (Data Source: OKX):
- TNSR: + 48.03%
- HMSTR: + 20.25%
- EIGEN: + 19.41%
- ID: + 16.67%
- RESOLV: + 14.8%
- W: + 12.71%
- MMT: + 11.29%
- CSPR: + 10.95%
- 2Z: +10.08%
- DOOD: + 7.65%
24H Crypto-Equity Gainers (Data Source: msx.com):
- MUU: 3.31%
- CAN: 2.71%
- HBMX: 2.67%
- BLNK: 2.38%
- SNXX: 2.13%
- NA: 2.03%
- AMRK: 1.88%
- TRON: 1.84%
- ABTC: 1.66%
- MX: 1.52%
2. Popular On-Chain Memes (Data Source: GMGN):
- Solana: RTM, Harvest Hank;
- BSC: super4, SPACEMOON;
Headlines
US-Iran Talks Continue in Switzerland; US Delegation Expected to Work Through the Night
Odaily Planet Daily News: US-Iran talks are still ongoing in Switzerland, and the US delegation is expected to work through the night. The report, citing a senior US diplomatic official involved in the negotiations, stated that Iranian negotiators remain on site, and US negotiators, including Vice President JD Vance, have been holding continuous meetings and negotiations with the Iranian side. Earlier in the day, the Iranian delegation suspended talks to protest threatening remarks made earlier by US President Donald Trump. (Xinhua News Agency)
Odaily Planet Daily News: According to Iran's Tasnim News Agency, a spokesperson for the Iranian Foreign Ministry stated that a document will be formally submitted as the outcome of the agreement reached after 18 hours of negotiations.
The spokesperson also mentioned that mediators from Qatar and Pakistan will release the text, which will contain the general points of the agreement. (Jinshi Data)
Odaily Planet Daily News: Qatar and Pakistan issued a joint statement. The statement indicated that the first round of high-level talks, held under the framework of a US-Iran Memorandum of Understanding (MoU), has concluded in Switzerland. Based on the MoU, the parties agreed to establish a high-level committee to provide political oversight for the mediation efforts. The chief negotiator will regularly report to the high-level committee. The high-level committee has agreed on a timeline to reach a final agreement within 60 days, laying the foundation for immediately initiating further technical talks. Additionally, the parties agreed to establish a conflict resolution coordination group between the relevant parties and the Republic of Lebanon, with assistance from the mediators, to ensure the cessation of military operations in Lebanon in accordance with the MoU. For the remainder of the week, technical talks will continue at the Bürgenstock resort in Switzerland to address all issues. (Jinshi Data)
Odaily Planet Daily News: A spokesperson for the Iranian Foreign Ministry stated that the work of the negotiating delegation has concluded, but technical teams will continue their work. The spokesperson said that mediators from Qatar and Pakistan will release a text containing general points, which will be formally submitted as the outcome document of the agreement reached after 18 hours of talks. Regarding the safe passage of ships through the Strait of Hormuz, agreements have been reached on relevant mechanisms. Preparatory work for starting negotiations on a final agreement was discussed. Iran and the US discussed issues such as oil sales licenses and the unfreezing of Iranian assets, making good progress. (Jinshi Data)
Industry News
Galaxy Research: Bitcoin Miners Enter Capitulation Phase; Mining Difficulty Drops Over 20% from Peak
Odaily Planet Daily News: Galaxy Research posted on platform X, stating that Bitcoin miners have entered the "capitulation phase."
Galaxy Research noted that the current Bitcoin mining difficulty has dropped over 20% from its all-time high, representing the largest difficulty retracement since 2021. It believes that such a significant drop in mining difficulty usually indicates that some miners are exiting the network due to profitability pressure, marking a phase of hashrate adjustment in the market.
Japan's National Corporate Pension Fund Plans to Allocate 1% to Crypto in Fiscal Year 2026
Odaily Planet Daily News: The National Corporate Pension Fund, which has around 1,200 small and medium-sized enterprise members, plans to start investing in cryptocurrency in fiscal year 2026. It intends to allocate approximately 1% of its total managed assets to cryptocurrencies, investing in a passive fund managed by a major hedge fund that includes multiple cryptocurrencies. The fund's asset allocation for fiscal year 2025 is 80% JPY, 15% USD, and 5% other currencies. For fiscal year 2026, the JPY allocation will be reduced to 70%, with a new 10% allocation to developed country currencies. The remaining 5% will be composed of emerging market currencies, gold, and cryptocurrencies.
Odaily Planet Daily News: Recently, another dispute erupted between two well-known investment research institutions, Citrini and SemiAnalysis. Citrini analyst Zephyr cited relevant information stating that "The performance of Rubin Ultra HBM has actually dropped to the 12 Hi level, and they haven't even started using HB technology yet.
In 2027, they will not use 16 Hi chips. Currently, hybrid bonding technology is very expensive for HBM (yields are extremely low).
BESI's biggest short-term advantage lies in TSMC adopting hybrid bonding technology in its chip manufacturing and packaging processes, thereby achieving the integration of EIC and PIC, thus improving CPO production efficiency." In response, Citrini analyst Jukan commented on the post with a relevant tweet link, stating, "I told you in April."
Regarding this matter, SemiAnalysis founder Dylan Patel reposted a Discord screenshot message: "In March, clients using the SemiAnalysis Memory and Accelerator models were already informed that the Rubin Ultra 16 Hi would be replaced by a 12 Hi version."
Previously, Citrini analyst Jukan cited relevant news stating that "Nvidia plans to drastically cut the memory configuration of the new generation rack," which led to a collective sharp decline in the US and Korean stock memory sectors at the time. SemiAnalysis founder Dylan Patel clarified that the news was taken out of context and was too sensational.
Prominent MEV Bot Jaredfromsubway.eth Suffers Reverse Attack, Loses Over $7.5 Million
Odaily Planet Daily News: The well-known MEV bot Jaredfromsubway.eth, long active on the Ethereum network, was hacked by exploiting a vulnerability in its automated execution system, resulting in losses exceeding $7.5 million.
Security firm Blockaid stated that this incident was not a traditional phishing attack or smart contract vulnerability, but rather an "anti-MEV honeypot attack" specifically targeting the bot's decision-making logic. Over several weeks, the attacker deployed 66 fake token contracts and fake liquidity pools, masquerading as assets like WETH, USDC, and USDT, luring the bot into executing seemingly profitable trades and granting authorization to a sub-contract controlled by the attacker.
Ultimately, the attacker activated all backdoor permissions in a single transaction, transferring assets like ETH, USDC, and USDT held by the bot's address. Data shows that between November 2024 and October 2025, the Ethereum network experienced approximately 60,000 to 90,000 sandwich attacks per month, with about 70% related to Jaredfromsubway.eth. (Cointelegraph)
Project News
Kalshi's Monthly Volume Nears Last Month's Total Notional Value of Nearly $18 Billion
Odaily Planet Daily News: KalshiData posted on platform X, stating that Kalshi is about to break through last month's total notional trading volume of nearly $18 billion.
Polymarket Accused of Marketing to US Users via Simulated Trades and Fake Profit Videos
Odaily Planet Daily News: Prediction market platform Polymarket has been accused of promoting its product on social media by paying creators to produce simulated trades and fake profit videos.
The report claims that creators used simulation sites highly similar to the real Polymarket website to make trading videos. Some of the content showed high returns that did not actually occur, and some videos required submission to Polymarket for review. Polymarket manages influencer promotions through marketing firm Virality. Against the backdrop of its services being restricted for US users, the relevant marketing activities are still allegedly directed at US users.
Furthermore, the Wall Street Journal reported that Polymarket has a multi-million dollar promotion partnership with influencer Adin Ross to encourage user participation in platform activities. Polymarket has not yet publicly responded to this. (Wall Street Journal)
Odaily Planet Daily News: Taiko posted on platform X, stating that it has confirmed its chain state verification mechanism has been compromised, and the security assumptions for all cross-chain bridges deployed on Taiko are no longer reliable.
Taiko stated that it is coordinating with its security committee and ecosystem partners to control the situation, suspending affected systems, and taking technical and legal actions. Taiko strongly advises all users to immediately withdraw funds from cross-chain bridges deployed on Taiko.
Furthermore, Taiko has urgently requested all centralized exchanges to suspend deposit services for the TAIKO token until further official notice. Earlier, the Taiko ERC20 Vault was attacked, resulting in losses exceeding $1 million.
Investment & Financing
Odaily Planet Daily News: 1confirmation partner Nick Tomaino stated in the Q2 2026 letter to LPs that the cumulative cash distributions from all funds reached approximately $317 million, surpassing the total capital called from all funds of approximately $286 million.
Regulatory Policy
South Korean Petition to Abolish Crypto Tax Gains Over 58,000 Signatures, Heads to National Assembly
Odaily Planet Daily News: A national petition in South Korea to "abolish virtual asset (cryptocurrency) taxes" has received consent from 58,571 people. According to South Korea's National Assembly Act, once the petition has been with the committee for 30 days, it will be placed on the agenda for deliberation at the committee's first meeting.
According to South Korea's current Income Tax Act, starting January 1, 2027, income from the transfer or lending of virtual assets will be classified as other income and subject to income tax. Virtual asset gains exceeding 2.5 million won (approximately $1,800) will be subject to a comprehensive tax rate of 22%, which includes 20% other income tax and 2% local income tax. (Edaily)
Voices & Opinions
Odaily Planet Daily News: Crypto analyst Murphy stated that Strategy currently does not face a preferred stock solvency crisis. Murphy believes that to break through Strategy's preferred stock layer, Bitcoin's price would need to drop to $26,000; to break through the debt layer, it would need to drop to $8,000.
Murphy pointed out that the similar product SATA remained above $99 this week, while STRC de-pegged, indicating that this market sell-off is more targeted at Strategy itself rather than a design flaw in related products. He believes this looks more like a repricing of leverage and credit, amplified by consumed cash reserves and the first signal of selling coins, leading to a liquidity contraction, rather than a liquidation crisis.
Murphy stated that Strategy is currently still far from forced liquidation; it's just that its "flywheel model" has temporarily stalled at the current price level. The subsequent price trend of Bitcoin will determine whether this is a mid-cycle adjustment or the beginning of a deeper risk. He believes comparing the STRC de-pegging to the UST de-pegging and LUNA crash of the last cycle is a clear overreaction. If Bitcoin prices recover and equity ATM financing restarts, Strategy has the potential to restore cash reserves and resume its capital operations model.
Citrini: Hyperscaler Bond Issuance Over Next Two Years Could Far Exceed Market Expectations
Odaily Planet Daily News: Citrini Research, the firm behind the "AI Doomsday Report," stated that bond issuance by hyperscalers in 2027 and 2028 could amount to more than double current market expectations, primarily to fund AI data center construction.
Citrini Research noted that AI-related debt issuance in 2026 is projected to be close to $570 billion, while hyperscaler capital expenditure has already exceeded $600 billion. Against the backdrop of continuously increasing investment in AI infrastructure, these companies are gradually shifting from relying on cash reserves to raising more funds through bond markets.
Odaily Planet Daily News: The head of Galaxy Research posted on platform X, stating that tokenized stocks are receiving widespread attention. Apart from Operate, tokenized stocks basically fall into two categories: issuer-supported types, such as GLXY; and third-party supported types, such as
