[News Brief] Jun 10, morning | Humanity plans recovery for users affected by attack, offers 1 million USDT reward to informants

Humanity plans recovery for users affected by attack, offers 1 million USDT reward to informants

Humanity said it is developing a recovery plan for users affected by the attack. The project will launch a real-time tracking page for the attacker’s addresses and subsequent transfers, share it with exchanges and aggregators, and continue updating it.

Humanity also said it will pay a 1 million USDT bounty to anyone who provides information related to recoverable funds. All recovered funds will be used to repurchase H tokens.

Previously, Humanity said that about $36 million worth of assets had been stolen and sold across two of its blockchains.

U.S. Central Command launches defensive strike against Iran

U.S. Central Command carried out a defensive strike against Iran in response to the downing of a U.S. Army Apache helicopter the previous day, following an order from President Trump, according to PA News citing CCTV News.

U.S. Central Command said the operation was a response to what it described as an “unprovoked attack” by Iran. According to the report, explosions were heard early on June 10 in eastern Hormozgan Province in southern Iran, as well as Qeshm Island, Sirik, and Minab, and Iranian air defenses were activated.

President Trump said, “They shot down the helicopter and we are responding,” adding, “I think a strong response is necessary.”

Afterward, an Iraqi militia reportedly claimed that Iranian drones passed through Iraqi airspace and struck U.S. targets.

Iran claims strikes on some U.S. bases in region in response to U.S. attack on southern Iran

According to Odaily, Iran’s top joint military command said it had struck some U.S. military bases in the region in response to the U.S. attack on southern Iran.

Iran’s Islamic Revolutionary Guard Corps claimed it attacked the U.S. Fifth Fleet in Bahrain with drones.

The IRGC said the conflict is ongoing and warned that it would respond more forcefully if the U.S. continues hostile actions.

Bitcoin falls below $61,000

PA News, citing OKX market data on June 10, reported that Bitcoin fell below $61,000.

Bitcoin is currently trading at $60,988, down 0.23% over the past 24 hours.

Russian Finance Ministry seeks to restrict legal use of non-custodial crypto wallets

Russia’s Finance Ministry is seeking to allow the legal use of non-custodial crypto wallets only for limited legal entities while excluding individual investors, according to PANews citing Bits.media.

Deputy Finance Minister Ivan Chebeskov said that holding cryptocurrency in non-custodial wallets would not be banned, but withdrawals of assets from legally recognized Russian crypto depositories and exchanges would only be allowed to custodial wallets that have undergone customer identification.

As a result, transfers of cryptocurrency from Russian custodial wallets to overseas non-custodial wallets are expected to be prohibited. Market participants have argued that both custodial and non-custodial wallets should be usable within a legal framework.

Russia’s crypto-related bill has passed its first reading in the State Duma and is awaiting a second reading. The new bill may also include additional fees on transactions involving certain cryptocurrencies such as USDT in an effort to reduce crypto usage by Russian citizens.

EU plans to include 11 Russia-linked crypto platforms in 21st sanctions package against Russia

The European Union plans to include restrictive measures targeting 11 Russia-linked crypto platforms in its 21st sanctions package against Russia, according to PANews citing Bits.media.

EU foreign policy chief Kaja Kallas said the platforms helped Russian authorities and companies evade international sanctions. The package includes tighter restrictions on providing crypto services to third countries, expanded sanctions targets, and a ban on transactions with the platforms. The list of platforms has not been disclosed.

European Commission President Ursula von der Leyen said the move is intended to intensify financial pressure on Russia. The sanctions will also affect about 90 Russian banks, 31 of which could face a full ban on all transactions.

Previously, in its 20th sanctions package that took effect on May 24, the EU added Russia-registered crypto transfer and trading service providers to its sanctions list.

U.S. DOJ: Jeffrey K. Oing sentenced to 5 years in prison for conspiracy to commit money laundering involving $97.1 million

The U.S. Department of Justice said Jeffrey K. Oing, a resident of Newcastle, Washington, has been sentenced to five years in prison for conspiracy to commit money laundering.

Oing was accused of helping move about $97.1 million obtained by overseas fraud rings through oil and gas investment scams via bank accounts and crypto exchanges. Investigators said he established at least nine entities to receive victim funds, then wired the money abroad or converted it into Bitcoin, Ethereum, USDT, and USDC on platforms including Gemini, Coinbase, and Bitstamp.

According to the DOJ, much of the cryptocurrency was sent to Binance accounts controlled by individuals in Nigeria and Russia. Oing allegedly opened at least 81 bank accounts at 24 financial institutions and 19 accounts at 8 crypto exchanges, and reportedly received at least $4 million in fees for his role.

Oing pleaded guilty in February this year and agreed to forfeit about $2.3 million in seized cash, an Audi SQ8 vehicle, and about $7.1 million worth of cryptocurrency.

Japan’s three largest banking groups plan joint stablecoin issuance by March 2027

Japan’s three largest banking groups plan to jointly issue a stablecoin by March 2027, according to PANews citing Reuters.

The financial units of Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group plan to review the operating framework and form a committee to prepare for issuance.

The project is being promoted alongside a pilot support program by Japan’s Financial Services Agency aimed at improving payment systems using blockchain technology. Japanese startup JPYC previously began issuing a yen-pegged stablecoin in October last year.

SoSoValue: Crypto market broadly weak on June 10, Bitcoin below $62,000 and Ethereum below $1,700

According to SoSoValue data, the crypto market was broadly weak on June 10. Major sectors including DeFi, Layer 1, and meme coins declined, while Bitcoin fell below $62,000 and Ethereum dropped below $1,700.

PA News reported that over the past 24 hours, the DeFi sector fell 5.08%, with Hyperliquid (HYPE) down 8.86% and LAB down 25.19%. Bitcoin (BTC) fell 1.50% and Ethereum (ETH) declined 1.65%.

In contrast, the NFT sector rose 4.57%, with AudiEra (BEAT) gaining 9.51%.

The CeFi sector fell 0.20%, Layer 2 declined 0.36%, Layer 1 dropped 1.45%, meme coins fell 2.05%, and PayFi declined 2.10%. However, some tokens including Gate (GT), zkSync (ZK), NEAR Protocol (NEAR), Cheems Token (CHEEMS), and Litecoin (LTC) posted gains.

Coinbase CEO urges immediate passage of U.S. digital asset regulation bill CLARITY Act

Coinbase’s CEO pushed back against JPMorgan and called for the immediate passage of the U.S. digital asset regulation bill, the CLARITY Act, according to @pete_rizzo_.

He said, “Banks got what they wanted, crypto companies got clear rules,” adding, “50 million Americans are waiting.”

The CLARITY Act is intended to clarify market structure and regulatory jurisdiction for digital assets in the United States, and the industry is watching closely to see whether it will reduce regulatory uncertainty.

SoSoValue: U.S. spot XRP ETFs see net inflow of $7.4434 million

According to SoSoValue, U.S. spot XRP ETFs recorded net inflows of $7.4434 million on June 9 (U.S. Eastern Time).

The Bitwise XRP ETF saw the largest daily net inflow at $4.968 million, bringing cumulative net inflows to $472 million.

The Franklin XRP ETF recorded a net inflow of $2.4754 million, bringing cumulative net inflows to $398 million.

The total net assets of spot XRP ETFs now stand at $982 million, with an XRP net asset ratio of 1.38% and cumulative net inflows of $1.433 billion.