Lee Jae-myung has plans to enable the state pension fund to invest in crypto, approve Bitcoin ETFs, and launch a Korean won-backed stablecoin.

South Korea elects pro-crypto candidate Lee Jae-myung as president

Trump Media &amp; Technology Group, the parent company of Truth Social, has filed 
a Form S-3 registration statement with the U.S. Securities and Exchange 
Commission following a $2.3 billion raise to build one of the largest Bitcoin 
treasuries. The registration,…

Trump Media files Form S-3 with U.S. SEC over $2.3B raise for Bitcoin treasury

The fallout highlights the volatility and interconnectedness of crypto and 
traditional markets, emphasizing the risks of speculative trading.
The post World Liberty advisor faces six-figure loss after shorting $TRUMP on 
Trump-Musk fallout appeared first on Crypto Briefing.

World Liberty advisor faces six-figure loss after shorting $TRUMP on Trump-Musk fallout

Russia is entering the cryptocurrency derivatives market, as the Moscow Stock 
Exchange kicked off bitcoin futures trading on June 4, limited exclusively to 
“highly qualified” investors. This move comes as Russia cautiously experiments 
with crypto-related financial instruments, amid ongoing regulatory 
uncertainty. These new contracts are linked to Blackrock&#8217;s bitcoin exchange- 
traded fund (ETF), the Ishares Bitcoin […]

Moscow Exchange Opens Bitcoin Futures to Select Investors

Bitcoin’s price has barely moved in the last week, but other signs point to 
growing activity on the network. On June 5, Bitcoin traded around $104,300, 
down 0.50% in 24 hours and off 2.5% over the past seven days. Yet data shows 
more people are joining the network, and more coins are being passed around. 
Related Reading: Bitcoin Reserve Gets Military Nod, Senator Predicts Explosive 
10-Year Surge Wallet Creation Jump According to Santiment, on May 29 nearly 
557,000 new wallets appeared. That was the highest number since December 2023. 
It means thousands of people are opening wallets even though price has stayed 
just under $105,000. People normally open new wallets to send and receive 
bitcoins but they somehow come across the idea through new sources, increased 
talks among friends or create simple curiosity. In any case, an increased 
wallet holding indeed indicates a much wider usage. 📊 Bitcoin&#8217;s on-chain 
activity has seen sharp rises this week as its price hovers just below $105K: 
📈 May 29th: 556,830 new $BTC wallets created (Highest since December 2, 2023) 
🔄 June 2nd: 241,360 coins circulated (Highest since December 8, 2024) Growth 
in a network&#8217;s… pic.twitter.com/2DxknVXrKT — Santiment (@santimentfeed) June 
5, 2025 Increased Token Movement On June 2, over 241,360 BTC changed hands. 
This was deemed the busiest day since December 2024. Reports from Santiment 
suggest that high coin turnover usually coincides with increased traffic. 
Traders might be moving coins in and out of exchanges, or investors could be 
shifting wallets. Big swings in daily token movement can point to a shift in 
sentiment—people either getting ready to buy or sell. Right now, it mostly 
looks like more users are sending coins to each other, which keeps the network 
busy even when price sits still. Big Holders Step In Data from IntoTheBlock 
shows that large holders—often called “whales”—are stocking up. Their coin 
inflows jumped by 145% over the last seven days, and by 214% over the past 30 
days. When big players load up, it can tighten supply on exchanges. That makes 
it tougher for new buyers to get in without driving price higher. If whales 
keep buying at this rate, it could lead to more upward pressure on price once 
everyday investors step in again. Related Reading: Bitcoin Scarcity May Spark 
Explosive Surge, Bank Study Shows Mid Tier Investors Buy It’s not just the 
really big holders adding coins. Wallets holding between 10 and 10,000 BTC 
added more than 79,000 BTC in just one week. That means these mid-tier holders 
picked up around 11,320 BTC per day on average. As of June 2, they held over 
13 million BTC in total. When both big whales and these mid-level holders keep 
stacking, it further cuts down the number of coins floating on exchanges. 
Fewer coins available often mean any shift in demand could move price more. 
Featured image from Imagen, chart from TradingView

Bitcoin Network Activity Booming Despite A Quiet Market—Data

Chainalysis told WIRED that it tracked a $31 million Bitcoin donation to 
online black market Silk Road founder Ross Ulbricht to a successor marketplace 
called Alphabay.