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Summer.fi: Active vulnerability found in the Lazy Summer Protocol; all vaults have been suspended and deposit caps set to zero.

1 hours ago

DeFi yield protocol Summer.fi has issued a security announcement, stating that it has discovered an active vulnerability in the Lazy Summer Protocol. To mitigate risks, the Guardian has suspended all vaults and set deposit limits to zero across all networks. The team is currently actively assessing the situation, and the official advises users to pause interactions with the protocol until further notice.

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Ansem updates the promotion plan for meme coin ANSEM: It will continue its airdrop program and allocate creator fees to liquidity pools.

Crypto KOL Ansem posted a statement last night updating the promotion plan for his eponymous meme coin ANSEM. Ansem will allocate SOL from ANSEM’s creator fees to add to the liquidity pool, to better absorb early selling pressure and provide deeper liquidity for new whales. The plan also includes a SOL airdrop for the most active community members on social media to generate sustained buying pressure. Airdrops for ANSEM token holders will be phased and rolled out at a higher market cap. Additionally, Ansem will reward long-term holders and high-quality content creators, plans to run marketing campaigns on Instagram and TikTok, will disclose the team’s wallet to ensure transparency, and is hiring team members to optimize content and storytelling.

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Former Head of PR at Chainlink Labs Joins Hyperliquid's Lobbying Group as Chief Communications Officer

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The Summer.fi attacker has started buying ETH and mixing it.

According to monitoring by Onchain Lens, a hacker is dispersing and converting 6.017 million DAI into ETH in batches. Each of the hacker's swaps is routed through the same intermediate wallet, which then deposits 10 ETH into TornadoCash each time.

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Whale Alert: An address shorted SK Hynix in advance as its price pulled back, with its unrealized profit now rising to $2.88 million to rank first.

According to Hyperinsight’s monitoring, a whale address starting with 0xebe currently holds a 10x leveraged short position on SK Hynix (SKHX) worth approximately $17.502 million, accounting for around 53.8% of its total position. This morning, South Korean stocks opened with a sharp pullback, and the short position’s unrealized profit expanded to roughly $2.887 million, delivering a 137% return. It has now become the address with the largest unrealized profit on SKHX on the Hyperliquid platform. From last night to the present, this address has opened a total of 1,242 short orders on SKHX, adding short positions gradually from $1,621 to $1,471. Cumulative trading volume reaches 3,455.04 contracts, worth about $5.2251 million, with a net increase of around 3,449 short positions. Currently, the address only has one SKHX take-profit order placed at $1,435.40, for 300 contracts, with a notional value of approximately $430,600, covering less than 10% of its position. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable the send messages permission) to automatically sync on-chain information.

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A prominent trader noted that Strategy’s Bitcoin sale via over-the-counter (OTC) trades will exert limited influence on spot prices, with Bitcoin potentially rising to as high as $65,600.

Prominent trader Killa (@KillaXBT) stated that Bitcoin can target $65,600 if it holds its closing level from last week (around $59,000). Additionally, regarding Strategy’s historic sale of 3,588 BTC, Killa explained that the firm did not conduct the sale on the open market but via institutional trades, which helped avoid a major impact on Bitcoin’s price. This partially accounts for Bitcoin’s overnight trend of falling first then rising. Killa, a BTC-focused quantitative trader, predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 and shifted to a long position during the broad market sell-off on June 5.

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Bitcoin breaks through $64,000 against the trend; trader "Maji" adds to long positions, with weekly profit exceeding $400,000.

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