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A circuit breaker has been triggered on the KOSPI following a sharp drop in the index. All trading will be halted for 20 minutes.

Cryptocurrency analyst Killa has identified $60,000 as a key price level for Bitcoin (BTC). He explained on X that if BTC maintains its quarterly low of $60,037, it could rebound to $68,185. However, if this level is breached, the price could fall to a Chicago Mercantile Exchange (CME) gap at $54,111. Killa noted that in the event of a further decline, the next major support level could be the July 2024 low of $49,302. Killa is a BTC-focused quant trader who previously predicted the bull market top in May 2025 and revealed he had opened a BTC short position at $74,688 in mid-April of this year.

U.S. spot Ethereum ETFs recorded a total net outflow of $40.83 million (62.1 billion won) on June 9, marking a shift to outflows for the first time in three trading days, according to data from TradeT. - BlackRock's ETHA: -$8.47 million - BlackRock's Staking ETHB: +$20,000 - Grayscale's ETHE: -$17.42 million - Grayscale's Mini ETH: -$14.96 million

According to a report from 10x Research, while Bitmine has an unrealized loss of approximately $10 billion on its ETH investments, its current stock price includes a potential upside that the market is overlooking. The report noted that Bitmine raised $19.2 billion through 50 separate stock issuances between July 2025 and June 2026 to purchase 5,543,872 ETH, an amount representing approximately 4.6% of the token's total circulating supply. However, with the price of ETH falling from an average purchase price of $3,526 to around $1,650, the value of the company's holdings has shrunk to approximately $9.1 billion. The losses were compounded by investors purchasing the stock at a significant premium to its Net Asset Value (NAV), estimated at a total of $4.6 billion. 10x Research concluded that with the stock price now significantly lower, the potential for a future recovery has become more important than the underlying asset value, suggesting Bitmine has entered a new phase.

U.S. spot Bitcoin ETFs recorded a total net outflow of $77.44 million on June 9, according to data compiled by Trader T. This marks the third consecutive trading day of net outflows for the funds. - BlackRock's IBIT: -$61.64 million - Fidelity's FBTC: -$20.19 million - Grayscale's Mini BTC: +$4.39 million

South Korean cryptocurrency exchanges have conducted transactions worth approximately 90 billion won ($60.2 million) this year with overseas virtual asset businesses that have not registered with the government, Maeil Business Newspaper reported. A study by Hansung University's Blockchain Research Institute on June 8 found that between January and May, over 87,000 such deposit and withdrawal transactions took place. The activity was reportedly concentrated on Tapbit and CoinMii, two exchanges described as notorious for copy trading scams.

An address associated with Tron (TRX) founder Justin Sun withdrew 12,000 ETH ($19.5 million) from Poloniex about 20 minutes ago, according to ai_9684xtpa. The source noted that Sun has previously withdrawn ETH in a similar manner before staking it on Lido. The newly withdrawn ETH has not yet been moved to another address.

An address associated with the World Liberty Financial (WLFI) team deposited 177 million WLFI, worth $9.73 million, to Binance about 30 minutes ago, according to on-chain analyst ai_9684xtpa. The analyst suggested the deposit is likely related to an airdrop campaign on Binance for USD1 holders.

Crypto influencer Ansem, who has 933,000 followers on X, predicted that asset markets may undergo a period of de-risking in the coming months as investors seek a market bottom. This would involve reducing exposure to high-risk assets like stocks and cryptocurrencies in favor of cash or safer investments. He noted a convergence of factors, including the upcoming U.S. Consumer Price Index (CPI) announcement, the first FOMC meeting under a potential Kevin Warsh-led Federal Reserve, and seasonal summer trends that typically favor downside pressure. Ansem added that he disagrees with claims of a capital rotation from U.S. tech stocks into BTC or ETH, analyzing that the technical outlook for "Strategy" also appears bearish.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $120 million liquidated (72.57% longs) - ETH: $77.12 million liquidated (70.59% longs) - XAU: $11.5 million liquidated (93.26% longs)

The price of Stargate Finance (STG) has surged over 40% after a single address withdrew 8 million STG from Gate.io, EmberCN reported. The on-chain analysis firm explained that following LayerZero's (ZRO) acquisition of Stargate, STG became exchangeable for ZRO at a fixed rate of 1 STG to 0.08634 ZRO. However, the price of ZRO has not risen. EmberCN noted that while ZRO is currently trading at $0.84, which would imply an STG price of approximately $0.07 based on the fixed rate, STG is actually trading at $0.36.

According to Iranian media, Iran conducted a drone attack on a U.S. military base in Kuwait early today. The strike follows previous attacks by Iran on the U.S. Navy's 5th Fleet facilities in Bahrain and a U.S. Air Force base in Jordan.

Zach Pandl, head of research at crypto asset manager Grayscale, has analyzed that BTC has now entered an undervalued range based on on-chain valuation metrics, although it is not as undervalued as it was at previous cycle bottoms. He suggested that the current bear market might be milder than those in the past, attributing this to the relatively smaller gains of the last bull run and an improved market structure, including the expansion of ETFs and increased institutional investment. Pandl noted that key short-term variables include the progress of the CLARITY Act and the financial stability of leveraged BTC investors. He added that the current BTC price level could be seen as an opportunity for long-term investors to accumulate their holdings in stages.

South Korean crypto exchange Upbit announced it is temporarily suspending Zcash (ZEC) withdrawals to support a wallet upgrade.

Crypto trading and investment firm Rand Group stated on its official X account that a $10,000 investment in Bitcoin on the day of U.S. President Donald Trump's inauguration would now be worth only $5,700, a return of -43%. The firm noted that under the same conditions, an investment in Ethereum (ETH) would be down 48%. Other cryptocurrencies saw even greater losses, including XRP (-66%), SOL (-76%), DOGE (-78%), AVAX (-82%), ADA (-85%), SUI (-85%), DOT (-86%), ENA (-91%), APT (-92%), TRUMP (-97%), and MELANIA (-99%).

Binance has announced the temporary suspension of its stock trading service from 10:50 a.m. UTC to 4:00 p.m. UTC on June 13. The suspension is due to a system upgrade by its partner broker.

U.S. prediction market platform Kalshi has surpassed $1 billion in notional trading volume for its crypto perpetual futures just one week after launch, Crypto Briefing reported. The product recorded over $100 million in volume within its first 24 hours, making it the fastest-growing product in Kalshi's history, according to the report. The launch follows the U.S. Commodity Futures Trading Commission's (CFTC) approval last month for Kalshi to offer Bitcoin perpetual futures. The platform officially launched the product on June 3.

Bitcoin Layer 2 project Botanix has announced it will shut down its services on July 9. In a post on X, the project explained that after four years of trying to validate demand for a Bitcoin-based blockchain, it concluded its business model is not viable in the current market environment. Botanix stated that users have chosen convenience over decentralization and that most of the demand for Bitcoin DeFi is already being met by WBTC and general-purpose Layer 2 environments. Existing users are required to withdraw all funds before the service termination date.

Decentralized satellite internet project SpaceCoin (SPACE) announced on June 10 that it has signed an exclusive Memorandum of Understanding (MOU) with Vietnamese technology firm DETI Technology (DETI) to build a decentralized satellite communication infrastructure. The initiative will target major Vietnamese mobile carriers Mobifone and Gtel. The two companies aim to develop a business generating at least $100 million in annual revenue following the project's commercial launch. The exclusivity period of the agreement is three years, starting from when the project obtains its official operating license. Through this partnership, SpaceCoin plans to establish a single-partner system in the Vietnamese market and jointly develop a decentralized satellite infrastructure and commercial operating model tailored to the local telecommunications market.

Humanity (H) announced on X that it is developing a plan to recover from a recent hack. The project stated it has built a system to track the attacker's address and related fund movements in real-time, which has been shared with exchanges and aggregators. Additionally, a bounty of 1 million USDT will be offered for information that helps recover the stolen funds. All recovered funds will be used for an H token buyback. Humanity also explained that it is preparing a recovery plan for victims.

The European Union (EU) is pursuing sanctions against 11 cryptocurrency platforms accused of helping to circumvent international sanctions against Russia, Bitsmedia reported. Kaja Kallas, the EU's High Representative for Foreign Affairs and Security Policy, stated that the bloc plans to include the 11 platforms in its 21st sanctions package against Russia. She added that the EU will strengthen its ban on providing crypto-asset-related services to certain third countries and expand the scope of its sanctions, though she did not disclose the names of the specific platforms. The EU's 20th sanctions package, which took effect in May, already included Russian-registered crypto transfer and exchange service providers.

Russia's State Duma, the lower house of its parliament, has passed the first reading of a government-proposed amendment on cryptocurrency taxation, Bits.media reported today. The bill stipulates that the tax base for crypto transactions will be calculated on the difference between the sale price and the acquisition cost. It also allows investors to offset profits and losses from cryptocurrencies and "overseas digital rights assets" within the same tax period. Additionally, the State Duma's tax committee has proposed a further amendment for the bill's second reading that would designate authorized crypto trading platforms as tax agents. If approved, this would require exchanges to directly withhold personal income tax from users' crypto sales. The legislation, if passed, would establish a more detailed framework for digital asset taxation in Russia.

South Korea's Digital Asset eXchange Alliance (DAXA) and registered domestic Virtual Asset Service Providers (VASPs) have uncovered 12 illegal virtual asset businesses in their first joint investigation and reported them to the police, Dailian reported. The illegal over-the-counter exchanges were found to have charged fees up to 62 times higher than those at regulated domestic exchanges.

A U.S. court has sentenced Geoffrey K. Auyeung, a resident of Seattle, Washington, to five years in prison for his role in a cryptocurrency money laundering scheme, Decrypt reported. According to prosecutors, Auyeung was involved in laundering approximately $97.1 million in criminal proceeds between 2022 and 2024 by assisting a fraudulent organization that solicited investments in oil and natural gas. His role was to receive funds from victims, purchase cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) to obscure the money trail, and then transfer the assets to his accomplices.

An address believed to belong to Yuga Labs co-founder Bizyugo has withdrawn 100,000 HYPE, worth approximately $5.9 million, from Coinbase, Onchain Lens reported. Withdrawals from exchanges are generally seen as a signal of intent to hold. Bizyugo is one of the co-founders of Yuga Labs, the developer of the NFT project Bored Ape Yacht Club (BAYC).