Hong Kong Bans OTP Logins for Crypto Platforms
Hong Kong’s securities regulator has banned SMS and email one-time password logins for crypto platforms. The move follows a surge in phishing-related cyber incidents.
TAC Drops Over 90% in Minutes With No Confirmed Cause
TAC plunged from around $0.06 to nearly $0.004 within minutes on July 7. No confirmed security breach has been reported.
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BONK DAO Loses $20 Million in Governance Attack, Token Drops
BONK DAO confirmed that $20 million in tokens were drained through a malicious governance proposal. The token fell over 10% as stolen funds began moving to exchanges.
Summer.fi Halts Vaults After $6M Exploit, SUMR Drops 18%
Summer.fi suspended its Lazy Summer vaults after a $6 million exploit. The protocol’s SUMR token declined by more than 18% following the news.
Hackers Drain About $6 Million From Summer.fi in DeFi Exploit
Summer.fi was reportedly exploited for around $6 million, with the LazyVault_LowerRisk_USDC vault identified as the main target. The SUMR token fell 5.3 percent over 24 hours.
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Bond Launches on 0G to Build DeFi and Neobank Layer for AI Agents
Bond has launched a DeFi platform on the AI-focused 0G blockchain aimed at enabling autonomous AI agents to trade and manage funds. The project is backed by 0G Labs with incentives and liquidity support.
Taiwan Passes Virtual Asset Service Act With New Licensing Rules
Taiwan’s Legislative Yuan passed the Virtual Asset Service Act, expanding crypto oversight to licensing and stablecoin regulation. The law sets reserve rules, audits, and criminal penalties.
Base Delays B20 Activation After Two Network Stalls
Base delayed the mainnet activation of its B20 token standard after two consecutive network stalls. The incidents did not affect user funds but halted block production.
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AI Agents Gain Wallet Signing Authority as New Control Models Emerge
AI agents are being integrated into crypto wallets and exchanges with transaction signing authority. Industry participants call for tiered permissions and strict spending limits to manage new risks.
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Binance to End EU Crypto Services Over MiCA Deadline
Binance will halt crypto services in multiple EU countries from July 1, 2026, due to the MiCA licensing deadline. The exchange withdrew its Greek application and is seeking approval elsewhere.