Jaredfromsubway.eth, the Ethereum bot behind 70% of sandwich attacks, lost $7.5 million when attackers weaponized its own trading logic against it using 66 fake tokens. The irony is sharp: a bot built to exploit others got outplayed by someone who understood its decision-making better than its creators anticipated.
Galaxy Digital’s Mike Novogratz argues Bitcoin isn’t broken—it’s waiting for the Federal Reserve to cut rates and restore liquidity to the market. With constrained borrowing costs suppressing new capital inflows, Bitcoin lacks the energy needed to attract fresh buyers, making rate cuts the missing catalyst for recovery.
Namada’s privacy pool lost $600,000 in a June 20 exploit that collapsed TVL to near-zero, while Secret Network suffered a $4.67M breach from a vulnerability left unpatched since March 2023. These attacks reveal a systemic operational weakness across Cosmos chains, mirroring early Ethereum bridge failures but with far less ecosystem resilience to absorb the damage.
US Commerce Secretary Lutnick privately pressured ASML executives over concerns an advanced EUV lithography machine may have reached China, though ASML denied the claim with no public evidence provided. The controversy highlights Washington’s balancing act between loosening some chip restrictions while maintaining tight controls on the technology that prevents China from manufacturing cutting-edge semiconductors at scale.
Iran’s Revolutionary Guard warns ships away from the Strait of Hormuz while delegations prepare talks in Switzerland—a signal rather than a blockade. With 55 merchant vessels transiting daily, Iran’s closure threat functions as a bargaining tool in negotiations, not military action.
Ofcom warns “time is running out” for public service broadcasting as the UK government prepares rules forcing YouTube and Meta to give greater algorithmic prominence to BBC, ITV, and Channel 4 content. The proposal marks an escalation in regulatory pressure on American tech platforms, demanding structural changes to platform architecture rather than just content moderation.
The Ethereum Name Service DAO proposes shifting operational control to the ENS Foundation while token holders retain protocol authority—a substantive overhaul addressing delegate fatigue and the category error of using token voting for routine budget decisions. This middle-path approach, unusually unconstrained by venture capital, reflects a broader pattern of protocols rethinking DAO governance structures.
FBI Director Kash Patel warned crypto fraudsters that enforcement is expanding globally, backed by stark data: Americans lost $11 billion to digital asset crime in one year—over half of all U.S. cybercrime losses. Recent operations have produced 300+ arrests, frozen 3,000+ wallets, and recovered $500 million, with new diplomatic partnerships enabling investigations in previously inaccessible jurisdictions.
A London court has left a critical crypto law question unanswered: can judges order repayment of Bitcoin loans in Bitcoin, or only in pounds? The case highlights an asymmetric risk for creditors—a lender receiving a sterling judgment when Bitcoin’s price has surged recovers far less than their original asset’s value.
Italian fintech Conio secured its MiCA crypto-asset license with backing from Poste Italiane and Banca Generali, positioning itself as a white-label infrastructure layer for smaller banks. The move reflects a broader consolidation trend where incumbents with existing compliance infrastructure are outpacing pure-play crypto firms in the EU’s race against the June 30 regulatory deadline.
