U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

A June 21st update revealed that Jaredfromsubway.eth—a prominent MEV bot that has long dominated Ethereum’s sandwich attacks—was hacked by an adversary who exploited a vulnerability in its automated execution system, leading to over $7.5 million in losses. Security firm Blockaid clarified the incident was not a traditional phishing scam or smart contract flaw; instead, it was a "reverse MEV honeypot attack" specifically engineered to target MEV bot decision-making logic. Over several weeks, the attacker deployed 66 fake token contracts and fake liquidity pools mimicking popular assets like WETH, USDC, and USDT. This setup tricked the bot into executing what looked like high-profit transactions and approving a malicious auxiliary contract controlled by the attacker. In one final transaction, the adversary triggered all hidden backdoors to siphon assets including ETH, USDC, and USDT from the bot’s address. Prior data from the organization shows that between November 2024 and October 20

June 21 – Local time on June 20, the Israel Defense Forces (IDF) confirmed it is pressing ahead with its military operation in Lebanon’s southern “security zone”. The operation’s current priority is targeting a large-scale underground tunnel network operated by Hezbollah, where dozens of armed militants are believed to be hiding. Separately, the IDF has announced a ceasefire in all other areas of Lebanon. The IDF noted it has received directives from Israel’s political leadership to enforce the ceasefire, but added that its forces will continue working to dismantle Hezbollah’s military assets within the “security zone” and will respond to any “imminent threats” emerging outside the zone. Earlier, Israeli Prime Minister Benjamin Netanyahu and Defense Minister Benny Gantz ordered the IDF to implement the Lebanon ceasefire. Per these orders, the IDF will not immediately withdraw from southern Lebanon. Additional reports indicate the IDF Chief of Staff also issued the ceasefire order for

June 21: Latest Middle East developments from last night through this morning: An advisor to Iran’s Supreme Leader warned that the flow of energy in the Middle East will stay disrupted if key agreements remain only on paper. Iran’s Revolutionary Guard Corps (IRGC) Navy announced it is closing the Strait of Hormuz and ordered ships to avoid the area. In response, U.S. Central Command (CENTCOM) stated Iran does not control the strategic waterway. President Trump, meanwhile, declared Iran has been “completely defeated,” claiming the U.S. is no longer showing weakness. On the Israeli front: The Israel Defense Forces (IDF) said it received a ceasefire order in Lebanon but will continue operations inside the so-called “security zone,” while reaffirming its commitment to the ceasefire agreement. At the same time, the IDF launched airstrikes on Gaza City and southern Lebanon that killed at least 21 people. Lebanon’s government, Hezbollah, and military all condemned the ongoing Israeli attack

On June 21, Trump cited the prospect of a global economic collapse as a key reason he signed the interim peace agreement with Iran, revealing a critical weakness facing the U.S. ahead of the next round of talks with Tehran. Iran, meanwhile, is aware that Trump is unwilling to re-engage in military action, as that would spark fresh economic chaos, so pressure on the U.S. to wrap up negotiations quickly has also eased. But pressure on the U.S. could escalate further. Domestically, a war with Iran has proven highly unpopular. A University of Maryland poll found that 56% of Americans believe such a war would hurt U.S. interests more than it would help them. Said Chris Kennedy, a former U.S. State Department official: “Overall, the 14 provisions in the memorandum of understanding put Iran in a strong position at the negotiating table on nuclear issues.” The pact also specifies that the originally planned 60-day negotiation period “may be extended,” meaning talks could drag on for several m