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1: "White-haired stock guru" Serenity responds to criticism: The market is the ultimate judge of right and wrong, not angry comments on social media platforms;2: Well-known MEV bot Jaredfromsubway.eth suffers a reverse attack, losing over $7.5 million;3: South Korea's preliminary storage chip exports in the first 20 days of June surged significantly year-on-year, with SSD exports up 405%;4: US media: The Iran war is draining Pentagon funds, potentially pushing defense spending to $80 billion;5: Tether co-founder: Stablecoins will enter the 2.0 era, where users should share in reserve yields;6: Reviewing the timeline of STRC falling below $100: Strategy's Bitcoin capital model faces a stress test;7: Hyperliquid: All USDH-denominated markets on HyperCore have been settled;8: Author of "Rich Dad Poor Dad": Gold, BTC, and ETH may see opportunities for a rally;9: Axelar responds to security incident: Axelar and IBC were unaffected; the vulnerability stemmed from an "unlimited minting" issue in a third-party token contract;10: Galaxy Research Head: Tokenized stocks are mainly divided into two categories: those supported by the issuer and those supported by third parties.
Axelar Issues Statement on Security Incident: Axelar and IBC Unaffected, Vulnerability Originates from "Infinite Mint" Issue in Third-Party Token Contract
Odaily Planet Daily News: Cross-chain protocol Axelar Network has issued a statement regarding the recent security incident related to Secret Network, clarifying that there is a misunderstanding within the community. Neither Axelar nor the Inter-Blockchain Communication Protocol (IBC) was attacked or compromised. The affected token smart contract was not developed, deployed, or maintained by Axelar. Furthermore, Axelar's firewall mechanism prevented the impact from spreading to other chains.It is reported that the exploited contract was a fork based on the CW20-ICS20 implementation, but the developers removed two core security checks, leading to an "infinite mint" vulnerability. By deleting the verification mechanisms originally designed to prevent such issues, this fork altered the contract's original trust model and was not subjected to a new security audit.Axelar Network explained that anyone can deploy contracts via IBC for wrapping cross-chain assets, and similar contracts are used to wrap tokens from other chains onto Secret Network. However, the specific fork on the Secret side in this incident contained a vulnerability due to the removal of critical security checks. This incident was not caused by an inherent logic flaw or an issue with the IBC protocol itself, but rather a security risk introduced by modifications made to the third-party contract.
Axelar Network Hacked, Approximately $4.67 Million in Tokens Stolen
Odaily reports that Axelar Network has identified an incident affecting assets bridged from the Axelar chain to Secret Network via IBC, with approximately $4.67 million in tokens stolen. Based on current information, the issue is limited to the ICS-20 smart contract on the Secret side, which is a component of the Cosmos IBC connection between Secret and Axelar, used to bridge assets from Axelar to Secret. The Axelar Emergency Committee immediately disabled the Secret and Secret-SNIP connections after discovering the incident. The team is contacting relevant exchanges and law enforcement agencies.
Cross-chain platform Squid completes $6M strategic funding round, with participation from Ripple and others
OdailyOdaily reports that Squid, a cross-chain infrastructure platform, has completed a $6 million strategic funding round led by North Island Ventures, with participation from Ripple, Dialectic, Borderless, and others.It is reported that Squid was initially incubated within the Axelar ecosystem before developing into an independent platform. Since its launch in 2023, Squid claims to have processed over $6 billion in cross-chain transaction volume, covering more than 100 blockchains, with over 4 million cumulative transactions and over 1 million users.Following this funding round, Squid's total cumulative funding has reached $13.5 million. The company plans to use the new funds to launch new consumer-facing products, further streamlining the process for users to access, manage, and use crypto assets across different chains.
Planet Midday News
1. Glassnode: Over the past three months, almost all cryptocurrencies have averaged lower returns than BTC; 2. Grayscale: Bitcoin is expected to reach a new high in the first half of 2026; 3. Magic Eden: Ordinals buyback is now live, with 15% of the proceeds going towards permanent collection; 4. SEC Chairman Paul Atkins warns that cryptocurrencies could become a tool for financial surveillance; 5. Brother Machi's ETH long positions were all liquidated, leaving his account with only $15,919. 6. Cathie Wood's Ark Invest continued to buy shares in companies such as BitMine, totaling $56.44 million; 7. Moonrock founder comments on Circle's acquisition of the Axelar team: This is yet another disguised form of RUG (Russian Conflict). 8. Monad's on-chain transaction fee revenue has been below $5,000 for five consecutive days, reaching only $3,824 on December 15th; 9. Bitwise CEO: Cryptocurrency will be integrated into all aspects of financial services within 12 months; 10. Trump: Will review the case of Samourai Wallet developers; 11. 6MV founder: Circle's vice president once bluntly told Axelar co-founder, "I don't care about your investors."
6MV founder and Circle vice president once bluntly told Axelar co-founder, "I don't care about your investors."
Odaily Planet Daily reports that Mike Dudas, co-founder of The Block and founder of 6MV, commented on Circle's acquisition of Axelar in an article published on X, stating: "To everyone who thinks this is a token vs. equity issue, I can tell you clearly that this is entirely Circle's doing. Rumors suggest that Circle's VP of Corporate Development told one of Axelar's co-founders, 'I don't care about your investors,' and that Circle 'bought' the CEO and core intellectual property (IP) right under their noses without paying any consideration to investors—IP and the team that were crucial to Arc's launch."
Moonrock founder comments on Circle's acquisition of Axelar team: This is yet another disguised form of RUG (Russian Conflict).
Odaily Planet Daily reports that Simon Dedic, founder of Moonrock Capital, commented on Circle's acquisition of Axelar in an article on X, stating: "Another acquisition, another RUG. Circle acquired Axelar while explicitly excluding the foundation and AXL tokens, which is practically criminal. Even if it doesn't break the law, it violates ethics. If you're a founder who wants to issue tokens: either treat it like equity, or get out of here." Previously, Circle announced the acquisition of Interop Labs, the initial development team of Axelar, but Axelar Network, Axelar Foundation, and AXL tokens were not included in this acquisition.
Planet Morning News
1. The "1011 Insider Whale" suffered a paper loss of over $50 million, reducing its total profit to $50.47 million; 2. The Machi Big Brother account has been liquidated 200 times since October 11, resulting in losses exceeding $22.88 million; 3. a16z transferred 276,000 COMP to Coinbase Prime; 4. Grayscale: Quantum computing is unlikely to impact cryptocurrency prices in 2026; 5. Federal Reserve Governor Milan: May remain in office after her term expires at the end of January, until a successor is confirmed; 6. CIRCLE acquired Interop Labs, including the Axelar development team; 7. Nasdaq plans to extend trading hours for stocks and trading products to 23 hours; 8. MetaMask launches Bitcoin support, continuing to expand its multi-chain business; 9. The whale "pension-usdt.eth" has won 11 trades in the past 7 days, with a total profit of over $25 million; 10. Fed's Williams: Slowing employment and easing inflation risks support Fed rate cuts.
CIRCLE acquires Interop Labs, including the Axelar development team.
Odaily Planet Daily reports that Circle announced on its X platform that it has signed an agreement to bring the Interop Labs team—the initial developers of the leading interoperability stack Axelar—into Circle to accelerate a new chapter in multi-chain infrastructure for Arc and CCTP. Circle looks forward to welcoming the new team members after the transaction is completed. Axelar Network, Axelar Foundation, and AXL tokens are not included in this acquisition and will continue to operate independently under community governance, with CommonPrefix leading network development.
Arc releases list of the first 11 projects built on its public testnet.
Odaily Planet Daily reports that Circle L1 blockchain Arc has released the list of the first 11 projects to be built on its public testnet. These include ZKP2P, an on-chain stablecoin protocol; Sequence, a general-purpose crypto trading platform; Superface, a smart agent solution interconnection platform; Blockradar, a stablecoin wallet infrastructure; Copperx, a stablecoin banking service; Crossmint, a crypto API development company; Hurupay, a cross-border fund transfer and management program; Para, a wallet infrastructure; CFi, a personalized finance platform; Hinkal, a zero-knowledge proof-based wallet; and Axelar Network, a cross-chain infrastructure.
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