Odaily Planet Daily News: According to the official website of the cryptocurrency exchange XeggeX, "Attention: Due to the hacker attack in February and other recent issues, XeggeX is closing down and filing for bankruptcy. More information and legal contact details will be provided soon. ” Previously, it was reported that the cryptocurrency exchange XeggeX was hacked in February this year, and users were unable to log in to their personal accounts.

According to the official blog of Solana Foundation, security researchers have reported potential vulnerabilities in the ZK ElGamal Proof program to Solana ecosystem stakeholders. The report includes a proof of concept (PoC) of the vulnerability, and no exploitation of the vulnerability has been found so far. After evaluation, this vulnerability allows attackers to construct arbitrary proofs and bypass verification, affecting the token-2022 security token and enabling it to perform illegal operations such as unlimited minting. In order to respond in a timely manner, on June 11th, the relevant team updated the upgradable Token-2022 program and temporarily disabled the confidential transfer function. On June 13th, an urgent upgrade request was sent to Solana Technology Discord, requesting the operator to upgrade the software to disable the ZK ElGamal certification program. On June 19th, at the beginning of the mainnet beta epoch 805, the program was officially disabled through functional activation. At present, the token-2022 function using ZK ElGamal is mostly used by innovative products in testing. Although mainstream stablecoins have initialized confidential transfers, they are not open to users, resulting in extremely low actual usage rates and minimal impact. After completing the audit and fixing the issues, the program will be reactivated, which is expected to take several months.

Odaily Planet Daily News: Recently, the US budget bill "Beautiful Bill" is likely to pass the vote and become law. Federal Reserve officials, including Federal Reserve Governor Waller, unexpectedly proposed a possible interest rate cut in July, while the Federal Reserve Board began discussing the demand for relaxing banking supervision. Deutsche Bank said that the main contents of this plan include: transferring the ownership of US treasury bond bonds from foreign investors to domestic investors, improving domestic financial repression, vigorously promoting the stability of the dollar, putting pressure on the Federal Reserve to cut interest rates and significantly weakening the dollar. George Sarevelos, head of global forex research at Deutsche Bank, stated in a recent report that these events may seem unrelated, but in reality they foreshadow a significant shift in the US macroeconomic policy mix in the coming years. They referred to this shift as the "Pennsylvania Plan," named after the street where the US Treasury Department is located in Washington, D.C., and stated that the plan aims to help the US government cope with the massive debt.

Odaily Planet Daily News: According to Onchain Lens monitoring, two investment institutions, @ galaxyhq and @ Manifold Trading, have deposited $30 million in USDC into HyperLiquid and started purchasing HYPE tokens.

According to Cointelegraph, Tether CEO Paolo Ardoino revealed that the company is reviewing the first design proposal for the "Tether Tower" planned to be built in El Salvador.