On June 20, the “stablecoin” MSUSD from the Main Street project lost its peg to the US dollar. The asset’s price fell significantly below the target mark of $1. #PeckShieldAlert ethereum:0x4ba01f22827018b4772cd326c7627fb4956a7c00 has dropped -85% @Main_St_Finance https://t.co/RLnpvBthg0 pic.twitter.com/hF3bEPk14m — PeckShieldAlert (@PeckShieldAlert) June 20, 2026 The collapse was triggered by a conflict with the reserve verification provider […]
Bitcoin rode a roller coaster, Russia recognized digital assets as property subject to theft, the EU regulator reminded businesses about MiCA, and other developments from the week. Bitcoin returned to $64,000 Early in the week, the price of the digital gold jumped from near $64,000 to a local high of $67,278 (on Binance). Reports of […]
On June 19, blockchain project Axelar disclosed a breach of its bridge with the Secret Network protocol. The attacker exploited a vulnerability known as the “infinite mint” to siphon approximately $4.67 million. We analyzed the Secret Network incident. An attacker exploited an infinite-mint bug in a modified CW20-ICS20 token contract on Secret to drain ≈$4.67M. […]
The British literary magazine Granta will no longer publish stories from the winners of the Commonwealth Short Story Prize following a dispute over the potential use of AI in one of the texts, according to The Guardian. Granta stated it will cease participating in “external publishing partnerships” where the magazine lacks editorial control. The issue […]
The well-known MEV bot Jaredfromsubway.eth on the Ethereum network lost assets worth over $7.5 million due to a hack. 🚨Community Alert:Blockaid Exploit Detection system detected an exploit involving the @jaredsmev MEV bot on Ethereum.The incident resulted from attacker-controlled contracts tricking an automated MEV execution system into granting token approvals, later used to drain funds.… — […]
Researchers from Duke University and IonQ have announced the creation of the first fully distributed three-node quantum network based on individual atomic qubits, according to Quantum Computing Report. The team successfully formed a tripartite entangled state, known as the Greenberger–Horne–Zeilinger state, among three remote quantum nodes connected by photonic channels. Source: Quantum Computing Report. What […]
Sonic Labs has announced significant leadership changes. Following the news, the token of the blockchain project, S, dropped by more than 6%. https://t.co/FIRsfTU6vg — Sonic (@SonicLabs) June 19, 2026 The board of directors of the EVM-based layer-one network developer saw the departure of: former CEO and director Michael Kong; executive chairman David Richardson; co-founder and […]
Mining company GoMining has introduced the GoBTC Pay platform, enabling businesses to accept Bitcoin payments with automatic conversion to fiat or cryptocurrency. Almost two decades ago, they told you to lock it away. To treat Bitcoin like gold that never moves. But the scripture said cash. Today the prophecy is fulfilled. GoBTC Pay integration toolkit […]
This week’s Deconstruction focuses on Sam Bankman-Fried’s post-prison ambitions, Tether’s approach to MiCA in Europe, and a U.S. move to ban a digital dollar. We also discuss the burst meme-coin bubble, legacy exchanges’ court fights over monopoly, and a global push by governments that threatens message privacy. Sam Bankman-Fried’s ambitions FTX founder Sam Bankman-Fried, serving […]
Researchers tested IBM’s Nighthawk quantum processor with two applied tasks: a simplified particle physics model and filtering malicious traffic. The experiments were highlighted in the Quantum Computing Report. In the first task, the team aimed to calculate a physical problem on the hardware, specifically the interaction between a nucleon and an antinucleon in a simplified […]