Preliminary figures released Monday showed South Korea’s exports rose 60.4% from a year earlier over the first 20 days of June. Adjusted exports were up nearly 50%, close to May’s 52.6% pace. The AI-led semiconductor boom has lifted the trade surplus and is increasingly pulling investor money away from risk assets such as cryptocurrencies.

More than $7.5 million has been drained from Jaredfromsubway.eth after the Ethereum sandwich bot was lured into a fake trade setup. The attackers reportedly tricked the automated system into approving contracts that enabled the theft. Early analysis suggests the loss stemmed from a counter-MEV approach that exploited the bot’s own trading logic. Blockchain security firm Blockaid said attacker-controlled contracts were used to obtain token approvals and later drain funds.

Galaxy Digital CEO Mike Novogratz said Bitcoin’s recent slump may not last, arguing that a shift in U.S. monetary policy could revive the cryptocurrency. Speaking on a podcast with Anthony Scaramucci, he said high interest rates and tight liquidity have weighed on prices and retail interest. Novogratz added that rate cuts could bring money back into markets and improve sentiment around Bitcoin.

Strategy (NASDAQ: MSTR) closed at about $117.94, down 3.97%, as market chatter grew that the company could sell additional Bitcoin in the coming months. The debate follows a QCP Capital note flagging potential liquidity pressure tied to dividend obligations, with analysts estimating dividend capacity of roughly 7.5 months without new funding. Some market participants also argue that any sizable BTC sale could weigh on sentiment toward both MSTR and Bitcoin.

The Commodity and Futures Trading Commission sued New Mexico after the state tried to apply its gaming rules to Kalshi’s federally regulated event-contract markets. The state previously sought an injunction to stop Kalshi from offering sports-related contracts, while the CFTC is asking a federal court to confirm exclusive federal authority and block enforcement of preempted state laws.

Binance halted its SPCXx tokenized SpaceX offering after it and other exchanges could not obtain enough SpaceX shares to support the product. The campaign drew about $557 million in subscriptions, and Binance said user funds will be refunded in USDC and that an additional $1 million compensation program will be provided. The exchange stated refunds will be completed by June 12, with related airdrop credits expected by June 18.

A U.S. House Ways & Means Committee hearing on six crypto tax bills revealed sharp disagreements over how quickly Congress should rewrite digital-asset tax rules. Republicans argued for faster modernization, while Democrats warned the proposals are moving too quickly and could add market risks, leaving prospects for agreement uncertain ahead of midterm elections.

Coinbase Institutional Strategy head John D'Agostino says large investors are showing more interest in accumulating Bitcoin near the $60,000 level than buying at market peaks. He added that spot ETFs still represent nearly $100 billion in exposure, while retail participation is down about 15% even after BTC fell roughly 50% from its October high. Bitcoin was trading at $62,724, down 22% over the last 30 days.

XRP Ledger is preparing to deploy version 3.2.0 to mainnet, which includes infrastructure changes and a rename of the core server software from "rippled" to "xrpld." Validators, node operators, and other infrastructure providers are expected to update ahead of the migration, with a technical playbook being prepared to support the transition.