A third-party vendor compromise discovered Thursday allowed attackers to inject a malicious script into Polymarket’s frontend, affecting multiple users.

Blockchain analyst Specter said the malicious script appeared to facilitate a phishing attack that drained an estimated $2.94 million from at least 11 Polymarket user wallets.

Polymarket said on X that the compromise has been contained and that the affected dependency has been removed. It added that users would be fully refunded.

Cointelegraph has approached Polymarket for comment but did not receive a response before publication.

The attack was the 89th reported crypto security breach of the second quarter, according to DefiLlama data, extending the most-hacked quarter on record by incident count.

Source: Specter

Crypto exploit losses reach $74.9M across 29 June incidents

Crypto exploit losses climbed to $74.9 million across 29 reported incidents in June, surpassing May’s $60.5 million total but remaining far below April’s $644 million, according to DefiLlama data.

Total value hacked by monthly sum, 1-year chart. Source: DefiLlama.

The largest June incidents included the $36 million Humanity Protocol exploit, the $4.7 million Secret Network bridge exploit, two separate Aztec exploits worth $2.1 million each and a $1.7 million bridge exploit on Taiko.

Related: About 60% of World Cup bettors on Polymarket are first-time crypto users

Over the past 30 days, private key compromises accounted for 43% of reported exploit losses, making them the leading attack vector, according to DefiLlama. Fake proof exploits accounted for 10%, followed by reverse MEV honeypots at 8%, which present deceptive trading opportunities to lure and manipulate automated trading bots.

About a month before Polymarket’s latest attack, the prediction market disclosed a separate $600,000 exploit that was traced to a six-year-old private key used for internal top-up operations. Josh Stevens, Polymarket’s vice president of engineering, said the platform’s contracts and user funds remained safe and that all permissions tied to the key had since been revoked.

Total value hacked by technique over the past 30 days. Source: DefiLlama

Polymarket currently holds over $450 million in total value locked, up 301% from $112 million a year ago, according to DefiLlama.

Magazine: Should users be allowed to bet on war and death in prediction markets?

Quick Summary

• NASA has chosen Rocket Lab for three Electron rocket launches supporting the PolSIR and TSIS-2 missions, with launches beginning in early 2027.
• Rocket Lab achieved a worldwide record for the fastest launch turnaround time during the U.S. Space Force’s VICTUS HAZE operation.
• RKLB shares ended trading at $80.69, reflecting a 6.2% gain year to date but experiencing a 43.7% decline over the last month.
• On June 14, KeyBanc raised its rating on RKLB to Overweight with a price target of $135, highlighting limited launch capacity and increasing NASA operations.
• KGI Securities began tracking the stock with a Neutral stance and $105 price target on June 11.

Rocket Lab experienced a significant week filled with developments. The aerospace company secured a trio of launch missions from NASA and established a global benchmark for rapid defense launches, even as its share price remains considerably lower than recent peak levels.

Rocket Lab USA, Inc., RKLB

NASA has chosen Rocket Lab to conduct three Electron rocket missions across two distinct programs: PolSIR and TSIS-2. The PolSIR mission will involve two consecutive launches from Launch Complex 1 located in New Zealand, scheduled no sooner than June 2027. The third mission, TSIS-2, is planned for the same launch facility in early 2027.

RKLB stock finished at $80.69. This price point represents approximately 24% below the average analyst consensus target of $106.92.

Shares have climbed 6.2% since the beginning of the year and have generated a 123.3% gain over the trailing twelve months. However, the stock has experienced significant recent volatility, dropping 43.7% during the last 30 days and declining 24.8% in just the past week.

KeyBanc Raises Rating to Overweight

KeyBanc elevated RKLB to Overweight from Sector Weight on June 14, assigning a $135 price objective. The investment firm cited diminished investor confidence following a SpaceX-related IPO selloff, which the firm believes has opened attractive entry opportunities for fundamentally strong space sector companies.

According to KeyBanc, NASA’s operational tempo is intensifying at levels unseen since the Apollo program era. The firm emphasized that launch capacity continues to face structural constraints while demand for satellites and space-based services continues its upward trajectory.

KeyBanc highlighted Rocket Lab as a top selection due to its strategic positioning with national security agencies and NASA programs.

Just three days prior on June 11, KGI Securities launched coverage with a Neutral recommendation and $105 price objective. The initiation report referenced increasing institutional attention as Rocket Lab diversifies its operations across launch services, spacecraft manufacturing, and satellite infrastructure.

Current analyst price targets span from $60 to $150.

Breaking a Defense Launch Benchmark

Beyond the NASA contract win, Rocket Lab facilitated the U.S. Space Force’s VICTUS HAZE mission and established a new worldwide standard for launch turnaround efficiency. While specific details of the record remain undisclosed, the achievement demonstrates Rocket Lab’s capabilities in executing time-sensitive defense operations.

This dual capability — expedited response systems for military clients combined with an expanding NASA mission portfolio — illustrates how the company is strengthening its government revenue streams.

Based in Long Beach, California, Rocket Lab engineers and produces rockets, spacecraft, and satellite hardware while delivering dedicated launch capabilities for small to medium-sized payloads.

The company appears on lists of equities with potential to double in value within the next two years, based on certain analyses, carrying a market capitalization near $62 billion.

Simply Wall St indicates RKLB is currently trading approximately 10.3% above its calculated fair value estimate. The analysis also identifies insider stock sales and shareholder dilution as potential concerns requiring monitoring.

The stock presently trades at $80.69, with the three-mission NASA agreement and the VICTUS HAZE achievement serving as the latest positive developments.

Aave founder Stani Kulechov has challenged reports that Kraken parent company Payward is negotiating to acquire a 15% stake in the decentralized lending protocol at a $385 million valuation, arguing that the reported terms misrepresent the situation.

In a post on X, Kulechov rejected the reported valuation cited by CoinDesk, which had attributed the information to unnamed sources. 

“First off, there is NO WAY we’d sell AAVE at a 70% discount lol,” he wrote, referring to the reported valuation, which he said represented only about 30% of AAVE’s fully diluted token valuation.

CoinDesk reported that Kraken is considering an investment of 35,000 ETH in return for 250,000 AAVE tokens and a 15% equity stake in Aave Group. A document reviewed by the publication valued the proposed transaction at about $385 million.

Two people familiar with the discussions also told the publication that Kraken intends to syndicate part of the investment, placing the deal’s estimated value at around $71 million. A Kraken spokesperson declined to comment, while Aave did not respond to the publication’s request for comment before the story was published.

Kulechov did not deny that discussions involving Aave-related assets have taken place. Instead, he said Aave Labs holds an allocation of AAVE tokens that several market participants have explored purchasing through long term strategic partnerships. He added that CoinDesk’s characterization of the discussions was inaccurate.

The founder also highlighted Aave’s financial performance, stating that the Ethereum-based lending protocol generates about $134 million in annualized revenue, with all of that revenue directed to the Aave DAO rather than Aave Labs.

Investment would expand Payward’s DeFi strategy

A third source familiar with Payward’s plans said that the proposed Aave investment would become the first in a series of transactions under Payward Asset Management, a business the company intends to use for investments across decentralized finance and other digital asset opportunities. The source added that Payward has sufficient capital and external partners to support similar deals.

Aave operates the largest decentralized lending protocol, where users lend and borrow digital assets through smart contracts without intermediaries. Lenders supply assets to liquidity pools to earn yield, while borrowers provide crypto collateral to secure loans.

Kraken and Aave have previously worked together. Kraken’s Layer 2 network Ink launched a white-label version of Aave called Tydro last year to provide lending infrastructure for the blockchain.

The comments follow governance changes approved earlier this year. Kulechov’s “Aave Will Win” proposal received about 75% community support in April and redirected all protocol and Aave-branded product revenue to the DAO and AAVE token holders. In return, the DAO approved multi-year funding for Aave Labs.

Aave released version 4 of the protocol in March with an updated hub and spoke architecture. Earlier this month, the protocol also introduced a revised risk framework after the April KelpDAO exploit, where attackers used unbacked rsETH as collateral on Aave to borrow other assets. Although Aave’s smart contracts were not compromised, the incident resulted in significant withdrawals from the protocol.

Kulechov said Aave Labs no longer receives protocol or product revenue because it now serves as a development provider for the DAO. He disclosed that the team is designing Aavenomics 3.0, which will include an automated, non-discretionary buyback mechanism for the AAVE token, although additional details have not yet been released.

Kooc Media has introduced a fresh set of PR packages aimed at AI startups and software teams who need media coverage without the usual wait. The goal is simple: help these companies get seen quickly, reach buyers and investors, and stand out in a market that gets more crowded by the day.

The timing makes sense. Hundreds of new AI tools, agents, and software products hit the market each month, and most of them never get any attention. Plenty of founders have a solid product but no real plan for getting it in front of people. Kooc Media’s new packages are built to close that gap with quick, reliable coverage on trusted tech and finance sites.

Made for AI and Software Teams

A lot of agencies use the same playbook for every client, no matter the industry. Kooc Media has gone the other way. The packages were shaped around what AI startups, machine learning companies, automation tools, and software founders actually need.

That means coverage written for the right readers. Whether the product is a new AI agent, a language model tool, a developer platform, or a subscription software service, each campaign is matched to the brand’s audience and what it wants to achieve.

“Founders in this space don’t have time to sit around waiting for coverage,” said Michelle De Gouveia, spokesperson for Kooc Media. “We set these packages up so a team can ship a product and see real coverage within days. It’s quick, it’s clear, and it actually delivers.”

More details are available on the Kooc Media AI Companies PR page.

Real Placements, Not Just Pitches

The biggest weakness in old-school PR is that nothing is promised. Agencies send out pitches and cross their fingers. Founders end up paying for the attempt, not the outcome.

Kooc Media handles it another way. The company owns and runs its own group of news sites, including Blockonomi, CoinCentral, MoneyCheck, Parameter, Beanstalk, and Computing. Clients get articles that are actually published, not a spreadsheet of emails that went nowhere.

Since Kooc Media runs these sites directly, articles can go live the same day. That gives software and AI founders instant visibility right when they need it, whether that’s a launch, a raise, or a big update.

The full list of in-house sites is on the Kooc Media brands page.

Reach Across Major Outlets

Beyond its own sites, Kooc Media runs full newswire distribution to hundreds of partner websites and thousands of syndicated outlets.

Depending on the package, releases can also land on major financial and business networks. That includes coverage on sites such as Business Insider, Bloomberg, Benzinga, MarketWatch, USA Today, and Dow Jones feeds, plus other global platforms.

For founders, that kind of reach carries weight. Seeing a brand on names people already trust makes it easier to win over customers, partners, and investors.

A Free Spot on AgentLocker.ai

One of the standout parts of these packages is free placement on AgentLocker.ai, Kooc Media’s own directory of AI tools and agents.

AgentLocker.ai is a growing hub where people go to find new AI tools, agents, and software. It puts products in front of users who are already searching for fresh AI solutions.

Every client on an AI PR package gets listed and featured on AgentLocker.ai for free. It’s an extra route to visibility on top of the press coverage, and a place where the product keeps getting found long after the campaign wraps up.

Take a look at the directory at AgentLocker.ai.

Pairing press coverage with a dedicated AI directory listing means more value out of one package. Rather than paying separately for a listing and for PR, clients get both together.

PR Handled For You

Most AI and software startups run lean. They usually don’t have a marketing department or anyone focused on PR. Kooc Media covers that with managed PR creation run by its in-house editorial team.

Founders don’t have to write their own releases or articles. They share the details, and the Kooc Media team writes the content, publishes it, and pushes it out.

The work covers press release writing, sponsored articles, homepage placements, guaranteed publication on in-house sites, newswire distribution, and full reporting with live links to every placement.

That reporting matters. Clients get a clear breakdown of where their coverage ran, with direct links to each piece. Nobody has to wonder whether the job got done.

Set Packages or Custom Campaigns

Kooc Media offers both fixed packages and fully custom campaigns. The fixed options suit founders who want something quick and simple. The custom side is for brands that want a more tailored push across search, news, and social.

That range works for early teams launching a first product as well as bigger software companies running PR on an ongoing basis.

Backed by Years in Fast Industries

These packages are built for AI and software, but they’re part of Kooc Media’s wider work in fast-paced sectors. The agency has been active in crypto, fintech, tech, and iGaming since it launched in 2017.

Founders working across those overlapping areas can also check out Kooc Media’s crypto PR services and gambling PR services. Plenty of AI and software products touch these spaces, like trading tools, fintech apps, and gaming software, so that background adds real value.

Why This Helps AI Founders

AI is growing fast, but getting noticed is harder than ever. New tools appear daily, and most slip by unseen. Solid PR can be what separates a product that breaks through from one that stays buried.

By bringing together real coverage, same-day publishing, wide newswire reach, and a free AgentLocker.ai listing, Kooc Media gives AI and software founders a clear shot at visibility. The packages are quick, simple, and focused on results, which is what most founders are after.

For teams that want to launch fast and get noticed, these packages are a straightforward way to get a product in front of the right people.

Kooc Media’s AI packages are available now through the company’s website at https://kooc.co.uk.

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Invesco has filed with the U.S. Securities and Exchange Commission to launch a tokenized money market fund that will invest in cash and short term U.S. Treasury securities for stablecoin reserve management.

The U.S. Securities and Exchange Commission filing showed that Invesco plans to introduce the Invesco Stablecoin Reserves Onchain Fund, a portfolio that will invest in cash, cash equivalents, repurchase agreements, and short-term U.S. Treasury securities while maintaining a stable $1 net asset value. The proposed fund will operate within Invesco’s existing Short Term Investments Trust and will qualify as a Rule 2a-7 government money market fund.

The filing stated that the reserve portfolio is designed to satisfy asset eligibility requirements under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which governs payment stablecoins in the United States. Stablecoin issuers must maintain one-to-one reserves in safe and liquid assets under the framework.

Superstate will act as the fund’s sub-transfer agent and maintain a blockchain-integrated shareholder registry that links conventional fund records with on-chain ownership tokens. The filing did not identify the public blockchain that will support the product, although it confirmed that tokenized shares will be issued on a designated public network.

The registration builds on an existing partnership between Invesco and Superstate. Earlier this year, Invesco assumed day to day portfolio management of Superstate’s tokenized U.S. Treasury fund, which managed roughly $900 million in assets. The product was renamed the Invesco Short Duration US Government Securities Fund while Superstate continued providing tokenization services through its FundOS platform.

Asset managers expand stablecoin reserve offerings

The filing adds Invesco to a growing group of traditional financial firms introducing products tailored for stablecoin reserve management after the GENIUS Act established a federal framework for reserve assets.

State Street launched the State Street Stablecoin Reserves Money Market Fund in June as a Rule 2a-7 government money market fund backed by State Street Bank and Trust Company and Anchorage Digital. The company said the product was created specifically to help stablecoin issuers satisfy reserve requirements under the GENIUS Act.

ProShares also entered the market earlier this year with its ProShares GENIUS Money Market ETF, trading under the ticker IQMM. The company said the ETF invests exclusively in short term U.S. Treasury securities and other government backed instruments to provide a compliant reserve management option for stablecoin issuers.

Among other players, BlackRock, Franklin Templeton, Fidelity, Morgan Stanley, BNY, JPMorgan, and Goldman Sachs have also introduced or filed products tied to tokenized money market funds or stablecoin reserve infrastructure as competition expands across the sector.

Citigroup has projected that the stablecoin market could grow from about $300 billion today to as much as $4 trillion by 2030. The bank said the expansion could create a significant market for firms that manage the cash and Treasury assets backing dollar denominated stablecoins.

The FBI is urging victims of the OneCoin cryptocurrency investment fraud to file compensation claims before the June 30 deadline. 

The agency said the process applies to people whose OneCoin investments caused a net financial loss.

According to the FBI notice, victims can seek payment through a Department of Justice remission program. The program covers eligible individuals who bought OneCoin between 2014 and 2019 and suffered direct financial losses.

The FBI said the DOJ launched the official process through onecoinremission.com, which is managed by Kroll Settlement Administration. Victims can file petitions online, by mail or by email. The agency warned that filing a petition does not guarantee payment.

The process is free. The FBI said justice.gov and onecoinremission.com are the only authorized websites for the investigation. That warning is important because fraud victims are often targeted again by fake recovery agents.

Over $40m in seized assets available

The remission program will use more than $40m in forfeited assets recovered from figures tied to the OneCoin scheme. The funds are meant to provide partial relief to victims who lost money after accounting for any withdrawals they completed.

In the FBI notice, FBI New York Assistant Director in Charge James C. Barnacle Jr. said victims were misled by false statements and empty promises. He added that the FBI remains committed to “returning these stolen funds to their rightful owners.”

As previously reported, the DOJ opened a $40m compensation fund for OneCoin victims in April. The latest FBI notice gives victims a final reminder before the deadline closes.

The DOJ said in its official announcement that OneCoin was sold to investors through false claims about its value and use. U.S. Attorney Jay Clayton said the founders “sold a lie disguised as cryptocurrency.”

OneCoin’s fraud history

OneCoin began in Bulgaria in 2014. Prosecutors said Ruja Ignatova and Karl Sebastian Greenwood promoted it as a new virtual currency that could challenge Bitcoin. The project used the phrase “Bitcoin killer” to attract investors.

The FBI said OneCoin used a multi-level marketing structure. Buyers purchased packages that gave them tokens they were told could mine OneCoin. They were then encouraged to sell packages to friends, family and other investors.

The system created fast growth, but prosecutors said the product had no real value. The FBI said victims worldwide lost more than $4b. Greenwood was arrested in Thailand in 2018 and later extradited to the U.S.

Greenwood was sentenced to 20 years in prison in September 2023. He was also ordered to forfeit $300m. The case remains one of the largest crypto fraud cases ever pursued by U.S. authorities.

Search for Ignatova continues

Ignatova remains at large. The FBI said she led OneCoin until October 2017, when she was charged in the Southern District of New York. She was later added to the FBI’s Ten Most Wanted Fugitives list in June 2022.

The U.S. Department of State is offering up to $5m for information leading to Ignatova’s arrest or conviction. The FBI says anyone with information can submit a tip through its official tip line or online portal.

In a previous article, crypto.news discussed Ruja Ignatova’s place on the FBI’s most wanted list. Previously, crypto.news explored reports about where the OneCoin founder may be hiding, though her location remains unconfirmed.

The FBI also told people who believe they are victims of crypto investment fraud to report it through the Internet Crime Complaint Center. For OneCoin victims, the most urgent step is the June 30 remission deadline. After that date, late claims may not be considered.

Ether slid to its lowest level of the year on Friday, and the move had an immediate knock-on effect across the market’s largest capitalizations. After a 5.2% drop over 24 hours, ETH’s market capitalization fell below $185 billion, with the token trading around $1,510 on Coinbase, according to TradingView.

That decline allowed Tether’s USDt to overtake ETH for the second-largest spot by market capitalization, with USDt at roughly $186 billion at the time of the flip. Analysts framed the outcome as a reminder that—at least in the current environment—many traders and users are choosing stability over volatility.

Key takeaways

• ETH’s selloff pushed its market capitalization below $185 billion, after a 5.2% 24-hour decline, according to TradingView.
• Tether’s USDt briefly rose to about $186 billion in market cap, overtaking Ether for the second-largest position.
• Market commentary linked the flip to ongoing stablecoin demand, which now represents almost 15% of total crypto market capitalization.
• Ethereum’s broader ecosystem has seen internal restructuring, but new R&D efforts via Ethlabs are also underway.
• Some Ethereum-aligned treasuries continued buying during the weakness, while Circle’s USDC also showed strength relative to XRP.

Why USDt overtook Ether as ETH hit a fresh low

The immediate trigger was Ether’s sharp downward move over a single day. TradingView data cited in the report shows ETH falling to around $1,510 on Coinbase, following the 5.2% crash. With ETH’s market cap dropping below $185 billion, USDt’s approximately $186 billion figure became large enough to move it into the #2 slot.

Bitrue Research Institute’s research lead, Andri Fauzan Adziima, told Cointelegraph that the overtake underscores how the market is currently “favor[ing] stability over ETH’s volatility.” The point wasn’t just about one day of price action—it was about what capital is rewarding in the moment.

Stablecoins keep growing even when the market turns

The USDt-versus-ETH flip aligns with a wider trend: stablecoins are steadily expanding their share of the crypto market. Cointelegraph notes accelerating stablecoin growth, citing that the category accounts for almost 15% of total crypto market capitalization.

In a Thursday post, 21Shares highlighted an important contrast with the last downturn: stablecoin supply contracted by more than 30% during the prior bear market, but is reaching record highs this time. The firm argued that the shift suggests stablecoins have become a defining use case rather than something that depends strictly on the market cycle.

“To us, that is the strongest evidence yet that stablecoins are one of crypto’s defining use cases – demand that no longer depends on the cycle.”

From a liquidity and trading perspective, deeper stablecoin balances can improve on-ramps and off-ramps and help sustain activity during volatility. Alvin Kan, chief operating officer of Bitget Wallet, also pointed to that angle, calling the flip a “notable milestone” reflecting stablecoins’ dominance.

“It demonstrates strong demand for reliable, liquid on- and off-ramps during periods of volatility, while serving as a reminder that ETH must continue delivering compelling utility and narrative momentum to maintain its position.”

Ethereum pressure, but active “buy-the-dip” behavior

While Ether’s price weakness drew attention, several Ethereum-related players reportedly leaned into the decline.

Crypto treasury company Sharplink made its first purchase in eight months, buying 5,000 ETH on Thursday after ETH’s drop. Bitmine, which is chaired by Tom Lee, also continued accumulating: it added 76,881 ETH last week, according to the coverage cited by Cointelegraph.

These actions don’t automatically reverse price trends, but they can be meaningful for sentiment and for how long-horizon holders behave when market conditions deteriorate. If treasuries continue converting into ETH at lower levels, it suggests confidence in the asset’s longer-term role even while short-term volatility punishes holders.

At the same time, the Ether slump has unfolded alongside changes to Ethereum’s institutional structure. Cointelegraph referenced executive departures and a 20% workforce reduction at the Ethereum Foundation. However, it also notes that a new nonprofit organization, Ethlabs, was launched this week by key EF developers and researchers and backed by Ether treasuries Bitmine and Sharplink, pointing to continued efforts focused on Ethereum research and development.

Broader capitalization moves: USDC vs. XRP

Ether wasn’t the only major asset showing relative strength or weakness during the market’s choppy session. The report also states that Circle’s USDC flipped Ripple’s XRP in market capitalization as XRP declined toward $1, its lowest level since November 2024.

At the time of the comparison mentioned in the coverage, XRP’s market capitalization was cited around $64 billion, compared with USDC’s roughly $73.6 billion. For investors tracking stablecoins, the takeaway is similar to what the USDt flip signals: stablecoin demand can be resilient even when other large coins experience extended drawdowns.

Looking ahead, the key question is whether ETH can reclaim critical support levels and sustain momentum, or whether stablecoins continue to widen their grip on market capitalization. Traders and investors will likely watch how stablecoin growth trends evolve alongside Ethereum’s institutional and R&D developments—especially if volatility persists.