South Korea Elects Pro-Crypto President

Lee Jae-myung has won the presidential race with 49.42% of the vote — and he’s bringing a crypto-forward agenda.

His key promises:
• Legalize spot crypto ETFs in the domestic market
• Develop a stablecoin market pegged to the Korean won to curb capital flight

A major shift in South Korea’s crypto policy could be underway.

James Wynn, a known Hyperliquid whale and the main shiller behind $moonpig, asked aixbt for updated thoughts on the token he promoted.

The AI’s response?
“Looks like James dumped on his followers. -70% is no joke.”

Michael Saylor has launched a tie sale.

That tie probably cost just a few cents to make somewhere overseas — and the funniest part?

They’re only accepting fiat.

BlackRock: Bitcoin as a global alternative

BlackRock’s Jay Jacobs says Bitcoin is resonating more with those seeking “global monetary alternatives amidst growing uncertainty.

Binance launches Altcoin LiquidityBoost Program.

Starting June 9, 2025, traders with a 30-day volume of $20M+ can earn up to -0.01% fee rebates for providing liquidity on 18 altcoins, including $SYRUP, $INIT, $HYPER, $TON, $FIL, $A, $PARTI, $ICP, $KERNEL, $CFX, $W, $KMNO, $IOTX, $ONDO, $WCT, $BABY, $SXT, and $STO.

Rebates are calculated hourly, with payouts beginning June 17.

Corporations are stacking Bitcoin.

Corporate treasuries now hold over 3% of the total $BTC supply. In the past two months alone, 60+ companies have doubled their positions.

James Wynn got liquidated for 240 $BTC($25.16M).

He also manually closed part of his position to lower the liquidation price.

He still holds 770 $BTC($80.5M), with a liquidation price of $104,035.

Jewish co-founder claims other chains like Ethereum are anti-Semitic, while Solana is kosher.

“We’ve been persecuted by gas before, and Ethereum’s high gas fees came for us again.” Toly said.

Tim Draper: Bitcoin could hit $250K this year — or even go infinite against the dollar as institutional demand, banks, and Web3 adoption pick up speed.

Michael Saylor:

“When your bank finally tells you to buy Bitcoin, it’ll be priced at a million dollars.”

Someone just bet $1.2B on Bitcoin calls

A trader bought a massive batch of BTC call options, paying $50M in premiums. These options give the right to buy BTC at specific prices on set dates — and they’re ultra-bullish:

• $112K–$120K strikes for July 25 (3,750 BTC total)
• $115K & $140K strikes for Sept. 26 (7,600 BTC total)

Is this a bet on $120K BTC by late July — and $140K by September?

Hong Kong embraces crypto derivatives

The SFC will allow professional investors to trade crypto derivatives — a major policy shift.

In Q1 alone, derivatives volume hit $21T, dwarfing $4.6T in spot trading (TokenInsight).

$263M in long liquidations in just one hour

Total liquidations reached $268.9M in the past hour, with $263M from long positions.

Over the last 4 hours, total liquidations amounted to $399.6M.