ME News reported that on June 8 (UTC+8), South Korean President Lee Jaemyung said at a press conference marking his first year in office that Korea's stock market remains undervalued. Earlier on Monday, the Seoul Composite Index opened down as much as 8.8%, triggering a circuit breaker, while Samsung Electronics slid up to 10%. Following the sharp move, the Korea Exchange convened an emergency market assessment meeting and said it will reinforce contingency measures and step up monitoring of illegal short selling and other unfair trading practices. Lee also said the government will push AI adoption across all industries, prepare large-scale investment projects tied to the semiconductor sector, speed up housing supply, and raise tax burdens on non-owner-occupied real estate. (Source: ChainCatcher)

Yuga Labs CEO Michael Figge said the company has completed a whitehat operation to safeguard dozens of NFTs that were at risk following the discovery of an exploit in Flooring Protocol. Figge said the assets protected include Bored Ape Yacht Club NFTs, CryptoPunks, and Azuki.

China's foreign exchange reserves rose to $344.22 billion as of May 31, 2026, up $3.17 billion from end-April, a 0.93% increase, the State Administration of Foreign Exchange said on June 7 (UTC+8). Official reserve asset data updated the same day showed China's gold holdings increased for a 19th straight month. Gold reserves reached 74.96 million troy ounces at end-May, up 320,000 troy ounces from 74.64 million troy ounces at end-April. The central bank began this latest round of purchases in November 2024 and has expanded its gold position every month through May 2026. From March 2025 to February 2026, monthly additions stayed below 100,000 troy ounces. Since March, purchases have picked up to 160,000, 260,000 and 320,000 troy ounces, signaling a faster pace of accumulation. By end-2025, gold accounted for about 8.8% of China's official international reserves, which are mainly made up of foreign exchange and gold. European Central Bank data released June 2 showed gold comprised 27% of global central bank reserves at end-2025, up from 20% a year earlier, suggesting China's gold share remains well below the global level and could rise further. (Source: ODAILY)

Odaily Planet Daily reports that China's State Administration of Foreign Exchange (SAFE) said on June 7 that the country's foreign exchange reserves stood at $3.4422 trillion at the end of May 2026, up $3.17 billion from end-April, a 0.93% increase. SAFE data released the same day showed China's gold reserves rose for a 19th straight month. As of the official reserve asset update on June 7, gold holdings reached 74.96 million ounces at end-May 2026, up 320,000 ounces from 74.64 million ounces at end-April. The People's Bank of China began this latest accumulation cycle in November 2024 and has added to its holdings every month through end-May 2026. From March 2025 to February 2026, monthly purchases stayed below 100,000 ounces. Since March, purchases have accelerated to 160,000 ounces, 260,000 ounces and 320,000 ounces, respectively. By end-2025, gold accounted for about 8.8% of China's official international reserves, which mainly consist of foreign exchange and gold. European Central Bank data released on June 2 showed gold made up 27% of global central bank reserve assets by end-2025, up from 20% a year earlier, suggesting China's gold share remains comparatively low with room to rise. (Changanjie Zhishi)

As of June 8 (UTC+8), 10x Research data cited by ME News show the crypto market underwent a sharp pullback last week, with total market capitalization sliding to $2.13 trillion, down 14.5% on the week. Weekly trading volume reached $117 billion, 47% above the average. Bitcoin recorded $47.3 billion in weekly volume, 61% above average, while Ethereum posted $23.2 billion, 77% above average. While the selloff has been widely attributed to leveraged traders, the report says most of the selling pressure actually came from the spot market. Bitcoin's funding rate climbed to 5.7% this week, as futures open interest fell by $3 billion to $21 billion. Ethereum's funding rate slipped to 6.6%, with open interest down $1.9 billion to $10.1 billion. 10x Research argues that the "sellers" currently blamed by the market are not the real primary force, and the identity of the true sellers remains unclear—a factor it says could materially influence positioning in the weeks ahead. (Source: ChainCatcher)

Odaily Planet Daily reports that SoSoValue data show a broad-based rebound across crypto market sectors after several days of declines, with 24-hour gains ranging from about 2% to 25%. NFTs led the move, surging 25.55% over the past 24 hours. Within the sector, Audiera (BEAT) jumped 70.16%, while Pudgy Penguins (PENGU) added 4.09%. Bitcoin (BTC) rose 2.61% to reclaim $63,000, and Ethereum (ETH) advanced 5.93% to near $1,600. Sector baskets also moved higher, with MAG7.ssi up 3.02%, DEFI.ssi up 2.28%, and MEME.ssi up 2.52%. Other notable performers included the AI sector (+3.84%), led by Siren (SIREN) (+39.77%); CeFi (+3.76%), with Cronos (CRO) up 5.38%; Layer 1 (+2.97%), where Zcash (ZEC) rebounded 13.58% after an extended slide; Meme (+2.93%), with BUILDon (B) up 12.96%; PayFi (+2.42%), led by Dash (DASH) (+9.71%); Layer 2 (+1.98%), with Mantle (MNT) up 5.32%; and DeFi (+1.03%), where Chainlink (LINK) gained 4.74%. SocialFi was the only sector in the red, down 2.63%, while Toncoin (TON) fell 3.19%. Indices tracking historical sector performance also strengthened, with ssiLayer1 up 3.87%, ssiCeFi up 3.84%, and ssiMAG7 up 3.50%.

According to 10x Research data reported by ChainCatcher, the cryptocurrency market capitalization plummeted 14.5% over the past week to $2.13 trillion. Trading activity surged during this period, with total weekly volume hitting $117 billion—47% above the historical average. Bitcoin and Ethereum saw volumes rise 61% and 77% above their respective averages. Contrary to the prevailing narrative blaming leveraged liquidations, 10x Research identifies spot market selling as the primary catalyst for the downturn. During the week, Bitcoin’s futures open interest fell by $3.5 billion to $21 billion, while Ethereum’s open interest dropped $1.9 billion to $10.1 billion. The report concludes that the actual source of selling pressure remains unidentified, suggesting that market participants may be misattributing the cause of the decline, a factor that could significantly influence future market positioning.

Syscoin said it has paused its Bridge following a security incident involving roughly 5B SYS, according to a preliminary postmortem. The project said an attacker exploited a validation flaw in the Bridge flow, leading the system to incorrectly accept or interpret a transaction proof. As a result, about 5B unauthorized SYS outputs were created via the UTXO Bridge path. After the funds reached the UTXO chain, they were moved and split, with roughly 4B SYS and 1B SYS associated with two major tainted addresses. Syscoin said it has identified the affected validation path, prepared a fix, and is coordinating with exchanges and ecosystem partners to blacklist, freeze or monitor SYS deposits connected to the tainted UTXO trail. Users are advised not to interact with the Bridge while it remains paused.

Syscoin said on X it is responding to a security incident affecting its cross-chain bridge and involving 5 billion SYS tokens. The bridge has been temporarily suspended as the team investigates a validation vulnerability. According to Syscoin, the attacker abused a flaw in the bridge's validation process to generate unauthorized SYS outputs on the UTXO side. The funds have since been moved and split across multiple transfers. Syscoin said it is tracking the flows and working with exchanges and ecosystem partners to block "contaminated" UTXOs from being deposited, traded, or further distributed. The team said it has identified a fix and urged users not to interact with the bridge until service is restored.