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DeFi protocol Sturdy Finance offers $100K bounty to hacker if funds are returned

On June 12, the DeFi platform suffered a loss of almost $800,000 in digital assets when an attacker exploited vulnerabilities within the platform. Security firms pinpointed that the cause of the exploit was a faulty price oracle and the hack was carried out through a reentrancy attack. In response, the platform paused all markets and assured the community that other funds are not at risk.

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Source: Cryptocurrency - investing.com

China cuts short-term borrowing costs to support recovery

Inflation rose at a 4% annual rate in May, the lowest in 2 years