Raydium Confirms Legacy AMM Pool Attacked, Losing $1.34 Million, Official Treasury Fully Compensates
On June 11, Solana-based decentralized finance (DeFi) protocol Raydium officially confirmed that its legacy Automated Market Maker (AMM) V3 pools—deprecated in 2021—were subject to an unauthorized liquidity removal attack. The breach impacted five liquidity pools: Sollet USDT-RAY, Sollet ETH-RAY, SRM-RAY, USDC-RAY, and RAY-SOL. Total losses from the incident amount to roughly $1.34 million, including approximately 150,000 RAY, 5,603 SOL, and 893,700 USDC. Current users are not affected by this event. The attacker’s wallet address has been blacklisted, and Raydium’s treasury will cover full compensation for all those impacted.
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There has been another update to the US government address, with a transfer of approximately $208,000 AAVE.
Crypto Update: June 11 — Data from Arkham shows the address linked to U.S. government-seized funds from the FTX/Alameda bankruptcy case has made two recent transactions. Just four minutes ago, this address transferred roughly 3,332 AAVE tokens, worth approximately $208,000. Earlier today, the same address sent out 98,589.87 LINK tokens valued at around $769,000, which have now been deposited into Coinbase Prime.
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《CLARITY Act》 Faces Dual Setback: Ethical Negotiations Collapse, Only 31-Day Window Before Senate Recess
June 11 – The so-called CLARITY Act, formally named the Cryptocurrency Market Structure Act, is hitting two major roadblocks as it advances through the U.S. Senate.
On Tuesday, a closed-door meeting between a bipartisan group of senators and Patrick Witt, director of the White House Cryptocurrency Task Force, ended in a stalemate. Senate Republicans and the White House walked back a preliminary ethics deal reached before the May Banking Committee hearing, scrapping a provision that would have allowed state attorneys general (AGs) to sue the Department of Justice (DOJ) for failing to enforce crypto-related rules. Legal experts noted forcing the DOJ to act via that mechanism would be constitutionally questionable. In turn, GOP lawmakers proposed limiting enforcement authority to federal AGs and using impeachment as an alternative accountability tool. Senate Democrats called this a complete reversal, leaving negotiations deadlocked; further talks are set for Thursday. Democratic Sens.
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Trump has packaged the rise in US inflation as a manageable development, declaring himself "in love with inflation."
**June 11**
At a White House press conference on Tuesday, former President Donald Trump addressed the U.S.’s economic and international oil-related developments against the backdrop of record-high Consumer Price Index (CPI) data dating back to April 2023. Trump said he is “not worried, but instead in love with inflation,” framing the recent price rise as a proactive, manageable economic outcome rather than a sign of overheating.
Seated at his desk and using hand gestures to explain his points in a relaxed tone, Trump also claimed that as an ongoing war nears its end, the U.S. is set to secure a substantial volume of oil resources from Iran—a move he argues will help curb future energy prices. He further alleged that the U.S. successfully shipped oil from 22 vessels in a single night without operating lights or radar, noting: “Nobody knew, including Iran until now.”
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Wall Street AI Stock God Hits Put Options Precisely: Holds Semiconductor Stocks Plunge
June 11: Per data from Bitget Markets, all bearish option positions held by Situational Awareness LP—the fund managed by 25-year-old Wall Street AI stock prodigy Leopold Aschenbrenner—saw losses across the board. The declining assets include: VanEck Semiconductor Industry ETF (SMH) down 2.46%, NVIDIA (NVDA) down 2.42%, Oracle (ORCL) down 0.32%, Broadcom (AVGO) down 4.6%, AMD down 4.08%, Micron (MU) down 3.74%, Taiwan Semiconductor Manufacturing Co. (TSMC) down 3.2%, ASML down 1.43%, and Intel (INTC) down 1.76%.
BlockBeats previously reported that Situational Awareness LP’s Q1 13-F filing with the Securities and Exchange Commission (SEC) showed a significant increase in downside protection or bearish bets on AI and semiconductor-related assets, especially NVIDIA, VanEck Semiconductor ETF, Broadcom, AMD, TSMC, ASML, and Micron. The fund’s Q1 bearish options were valued at roughly $8.459 billion, accounting for about 61.9% of its total Q1 13F disclosed holdings. For comparison, its Q4 20
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2026 Federal Reserve Interest Rate Endgame: Hike Dominance over Cut, Today's CPI Report Plants Hawkish Pivot Seeds
June 11 — The May Consumer Price Index (CPI) report released today has set the stage for the Federal Reserve to adopt a more hawkish policy stance, with central bank officials now debating whether a rate hike should make a comeback. Data from the CME FedWatch Tool shows:
- The probability the Fed will hold interest rates steady through the end of 2026 stands at 30.6%.
- The likelihood of just a total of 25 basis points (bps) of rate cuts this year is only 1.2%, while the odds of a total of 25 bps of rate hikes are 42.9%.
- For cumulative rate hikes, the probabilities are 20.9% for 50 bps, 4.1% for 75 bps, and 0.3% for 100 bps.
- Additionally, the probability of a 25 bps rate cut at the Fed’s upcoming June meeting is just 3.8%.
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