According to Odaily Planet Daily, Mainstreet's monitoring shows that the USD-pegged algorithmic stablecoin Main Street USD (MSUSD) has de-pegged, currently trading at $0.36, a 64.1% drop in the last 24 hours. Mainstreet responded that assets remain fully backed, and the recent closure of the third-party proof-of-reserve dashboard does not indicate a reduction in assets or a deterioration in portfolio quality, but rather an infrastructure and reporting issue. Due to the offline proof-of-reserve page, oracles supporting the Morpho market are expected to suspend operations within the next 24 hours, leading to accelerated liquidation of leveraged revolving lending users and a significant increase in borrowing rates. Mainstreet stated that its primary goal is currently to protect NAV and maximize protocol liquidity, while continuing to prioritize protecting user funds, maintaining net asset value, and restoring normal market operations as soon as possible.

According to Bijie.com, Vice President Vance, in an interview with "CEO Diary," stated that Trump supports the establishment of a sovereign wealth fund in the United States, holding equity in several leading AI giants. He believes that large-scale AI companies must not be allowed to grow into multi-trillion-dollar, uncontrolled monopolies, otherwise the rich will become richer and the poor will become subservient. Vance advocates for government ownership and the introduction of collective bargaining mechanisms by labor unions to give workers a seat at the decision-making table and directly share the benefits of technology. Musk subsequently publicly contradicted this on the X platform, proposing a plan for the Treasury to directly distribute money to the public, arguing that with the support of AI and robotics technologies, the growth rate of goods and services output will far exceed the money supply, and direct cash distribution will not cause inflation, but rather require combating deflation. The core difference between the two lies in the path to address wealth inequality: Vance favors government ownership and labor negotiations, while Musk prefers direct intervention at the monetary policy level.

According to Odaily, a South Korean petition to abolish taxes on virtual assets (cryptocurrencies) has garnered 58,571 signatures. Under South Korean parliamentary law, the petition will be submitted to the committee for review at its first meeting after 30 days. Under current South Korean income tax law, 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 US$1,800) will be subject to a comprehensive tax rate of 22%, including a 20% other income tax and a 2% local income tax. (Odaily)

According to Odaily Planet Daily, US Vice President JD Vance, in an interview with CEO Diary, stated that Trump supports establishing a US sovereign wealth fund and holding equity in cutting-edge AI companies. Vance believes that large AI companies should not be allowed to develop into unchecked monopolists, advocating for government ownership and labor participation mechanisms to allow ordinary workers to directly share the economic benefits brought by AI. In response, Musk publicly stated on the X platform that a better solution than government ownership of corporate equity is for the Treasury to directly distribute money to the public. Musk stated that driven by AI and robotics, the growth rate of the supply of goods and services will exceed the growth rate of the money supply, therefore direct cash handouts will not lead to inflation; the real challenge in the future is "deflation." The main point of contention between the two lies in the path of wealth distribution. Vance favors government participation in distributing profits on the production side, while Musk advocates for direct subsidies to the public on the consumption side and opposes government intervention in corporate ownership structures.

According to CoinWorld, Senator Bernie Sanders has introduced a bill proposing a 50% equity tax on AI companies with annual sales exceeding $200 million to establish a sovereign wealth fund. The bill's advisor is Sarah Boltz, a law professor at UC Davis, whose husband, Adam Brown, leads Google's DeepMind subsidiary, Blueshift. Under the proposal, eligible AI companies would be required to contribute half of their equity to the fund, managed by a seven-member bipartisan committee nominated by the president and confirmed by the Senate. This committee would have the authority to appoint directors to AI companies and participate in major decisions, and would distribute approximately 5% of the fund's value annually to all citizens, estimated at around $1,000 per person per year. This proposal has sparked anxiety in the venture capital community, with critics arguing that a heavy tax could scare away private equity capital. However, Boltz and co-author Jeremy Baylor-Frend believe that the public should share in the value of large models as owners. The bill has garnered support among some AI developers; former Google researcher Joel Sauer agrees, stating that technologists are already reflecting on the way large models are built and the issue of wealth concentration.

According to OKX market data, tokens in the blockchain gaming sector collectively strengthened within the past 24 hours. Among them, AXS rose by 23.43%, currently trading at 1.254 USDT; SAND rose by 21.3%, currently trading at 0.063 USDT; and MANA rose by 20.56%, currently trading at 0.081 USDT.

According to Odaily Planet Daily, US media reports indicate that the ongoing military operation against Iraq is putting significant pressure on the US defense budget and ammunition inventory. The Wall Street Journal, citing sources familiar with the matter, estimates within the US Department of Defense suggest that the war and related expenditures may have approached or reached $80 billion. The report warns that if spending continues to increase, the Pentagon may face insufficient operating funds this summer, requiring emergency additional funding from Congress. The report notes that this funding gap has not yet formed a formal budget request, but it has been mentioned in communications between senior Department of Defense officials and Congress. A former Department of Defense financial official stated that early estimates were around $29 billion, but the actual cost could be far higher. Meanwhile, the conflict is also said to have significantly depleted the US's critical ammunition inventory, including THAAD and Patriot interceptor missiles. Several research institutions have analyzed that the US has already consumed a considerable proportion of these inventories, with replenishment cycles for some models taking several years, raising concerns about military supply capabilities. Furthermore, the new round of National Defense Authorization Act currently being pushed forward by Congress is expected to exceed $1 trillion, including billions of dollars in funding for Israeli-related defense systems and cooperative projects, sparking ongoing discussions about the structure and allocation of US global military spending and resources.

According to PeckShieldAlert monitoring, the MEV bot JaredFromSubway attacker stole 1474.58 WETH, 2.87 million USDC, and 2 million USDT. The attacker then converted some of the assets into 4400 ETH, and has already transferred 1000 of those ETH to Tornado Cash. Previously, JaredFromSubway suffered an "anti-MEV honeypot attack," resulting in the theft of approximately $7.5 million in assets.

According to a report by Citrini analyst Jukan on the X platform, preliminary export data from South Korea from June 1st to 20th shows that DRAM (including modules) increased by 342% year-on-year and 3% month-on-month; NAND flash memory increased by 336% year-on-year and 28% month-on-month; MCP (HBM) increased by 209% year-on-year and 51% month-on-month; and SSD increased by 405% year-on-year and 25% month-on-month.

Odaily Planet Daily reports that Jaredfromsubway.eth, a well-known MEV bot active on the Ethereum network, suffered a loss exceeding $7.5 million due to a vulnerability in its automated execution system. 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 decision-making logic of MEV bots. Over several weeks, attackers deployed 66 fake token contracts and fake liquidity pools, masquerading as assets such as WETH, USDC, and USDT, to induce the bot to execute seemingly profitable transactions and authorize attacker-controlled auxiliary contracts. Ultimately, the attackers invoked full backdoor privileges in a single transaction, transferring ETH, USDC, and USDT assets 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)

Odaily Planet Daily reports that Cuban Foreign Minister Rodriguez stated on the 20th that the US government, as the executor of collective punishment against the Cuban people, has no political, legal, or moral authority to judge the reform measures taken by Cuba. Rodriguez said on social media that these measures implemented by Cuba are based on national sovereignty and the right to self-determination, in response to the impact of "extreme economic repression." He added that the US's views on how Cuba adapts to the new domestic and international realities are "unimportant." He stated that Cuba will continue to defend its sovereignty while resolutely opposing foreign interference. (Xinhua)

According to Huoxun Finance, $174 million in positions were liquidated across the entire internet in the past 24 hours, including $52.7906 million in long positions and $122 million in short positions. Specifically, $9.1806 million in Bitcoin long positions and $40.4291 million in short positions were liquidated, while $11.218 million in Ethereum long positions and $36.9101 million in short positions were liquidated. A total of 68,852 people were liquidated globally during this period. The largest single liquidation order was for the Binance BTCUSDT trading pair, valued at $3.435 million.

According to Odaily, Galaxy's research director stated in an article on the X platform that tokenized stocks have received widespread attention. Aside from Operates, tokenized stocks are basically divided into two categories: issuer-backed types, such as GLXY; and third-party-backed types, such as Ondo and xStocks. Coinbase has announced its own version, but has not yet explained the specifics of how it will operate.

According to Coinglass data, if Bitcoin falls below $60,675, the cumulative liquidation intensity of long positions on major centralized exchanges will reach $905 million; if Bitcoin breaks through $66,839, the cumulative liquidation intensity of short positions on major centralized exchanges will reach $658 million.

According to Coinglass data, if the price of Ethereum falls below $1,644, the cumulative liquidation intensity of long positions on major centralized exchanges will reach $586 million; if the price of Ethereum breaks through $1,815, the cumulative liquidation intensity of short positions on major centralized exchanges will reach $408 million.

According to Coinglass data, Binance saw a net inflow of USDT of 36.3802 million in the past hour.

According to Huoxun Finance, Ukrainian President Zelenskyy warned that Russia is about to launch a large-scale attack on Ukraine.

According to Huoxun Finance, in the past 24 hours, a total of $178 million in positions were liquidated across the entire internet, including $57.3395 million in long positions and $121 million in short positions. Specifically, $10.8736 million in Bitcoin long positions and $40.657 million in short positions were liquidated; $12.1028 million in Ethereum long positions and $37.2136 million in short positions were liquidated. During the same period, a total of 69,433 people worldwide were liquidated. The largest single liquidation occurred on Binance's BTCUSDT trading pair, worth $3.435 million.

Odaily Planet Daily reports that cross-chain protocol Axelar Network issued a statement clarifying that there has been a misunderstanding in the community regarding recent security incidents. Neither Axelar Network itself nor the IBC protocol was attacked or compromised, and the affected token smart contracts were not developed, deployed, or maintained by Axelar Network. The exploited contract was a fork based on CW20-ICS20, in which the developers removed two core security checks, leading to an infinite minting vulnerability. This fork removed the verification mechanisms originally designed to prevent such issues, altered the contract's original trust model, and was not subject to a new security audit.

Huoxun Finance reports that Axelar Network, a cross-chain protocol, issued a statement regarding the recent security incident involving Secret Network. The statement clarified that there was a misunderstanding in the community; neither Axelar nor the IBC protocol was attacked or compromised. The affected token smart contract was not developed, deployed, or maintained by Axelar, and its firewall mechanism prevented the risk from spreading to other chains. It is understood that the exploited contract was a fork based on CW20-ICS20, in which the developers removed two core security checks, leading to an "infinite minting" vulnerability. This fork altered the original trust model of the contract and was not subject to a new security audit. Axelar stated that anyone can deploy cross-chain asset encapsulation contracts through IBC, and this incident was a security risk introduced by modifications to the third-party contract; it was neither a unique logical flaw nor a problem with the IBC protocol itself.