June 21 – Per Binance platform data, SK Hynix’s perpetual contract has been climbing steadily since the close of South Korea’s regular trading session, surging to a peak of $1,927 at one point before pulling back to $1,916.27. The contract has posted a 4.25% gain over the past 24 hours, with total trading volume hitting $100 million. In separate data from Trade.xy, SK Hynix’s perpetual contract is currently priced at $1,909.3, with a 24-hour trading volume of $48.25 million.

June 21 — U.S. media are reporting that the ongoing military operation in Iran is putting massive strain on the Pentagon’s defense budget and critical ammunition stockpiles. According to a Wall Street Journal (WSJ) report citing sources with direct knowledge of the matter, the U.S. Department of Defense’s internal projections peg total war and related costs at or near $80 billion. The Pentagon has warned that if spending continues to escalate, it could run out of operating funds this summer, forcing Congress to pass emergency supplemental appropriations. While the funding shortfall hasn’t yet translated into an official budget request, it’s been raised in discussions between senior Pentagon officials and lawmakers. Former Pentagon financial experts say initial estimates came in around $29 billion, but actual costs could be far higher. Additionally, the conflict is significantly depleting U.S. critical ammunition stockpiles, including THAAD and Patriot interceptor missiles. Multiple r

June 21 — JPMorgan Chase has expressed strongly bullish sentiment, predicting the S&P 500 index will surge to a range of 8,600 to 8,800 points by the end of 2027.

**June 21 Update** Blockchain research firm Common Prefix revealed that hackers exploited a vulnerability in the cross-chain bridge contract connecting Secret Network and Axelar on June 10. The attackers created fake deposits, minted uncollateralized tokens, and cashed out roughly $4.67 million total. The breach went unnoticed for seven days until a standard cross-chain transfer failed on June 17—triggered by insufficient funds in the custodial account, which exposed the anomaly. The root cause of the vulnerability: two key functions responsible for verifying transfer origins were removed when the contract switched from a custodial model to a minting model. Additionally, the contract had not completed any external audits since its deployment in early 2023. Secret Network criticized Axelar, stating the bridge provider’s infrastructure failed to activate effective anomaly detection or emergency pause mechanisms before the large-scale theft. Stolen funds were routed through Osmosis to

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