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According to Jinshi, the final value of the GDP price index for the United States in the first quarter is 3.6%, higher than the market expectation of 3.5% and the previous value of 3.5%.

According to Jinshi, the number of people continuing to apply for unemployment benefits in the United States for the week ending June 13 was 1.821 million, exceeding the market expectation of 1.8 million, with the previous value revised from 1.81 million to 1.8 million.

CryptoQuant analyst Axel Adler Jr. stated that Strategy's preferred stock MSTR has fallen 78% from its peak, while Bitcoin has dropped 51% from its peak. The average cost basis for Strategy's 847,363 BTC holdings is $75,651, with a total cost of $64.1 billion. The current BTC price has fallen below this cost line for the first time since the bear market of 2022. The additional decline of MSTR relative to BTC has reached about 28 percentage points, approaching the upper end of the historical range, but has not yet touched the extreme of an 89% retracement from the 2022 low.Meanwhile, Strategy's purchasing strategy has clearly shifted to a defensive stance: the weekly BTC purchase volume has been cut by about two-thirds, with less than 11% of the $335.5 million raised through stock issuance used to buy BTC, and the remainder transferred to dollar reserves. At the end of May, Strategy also conducted its first net sell since 2022, selling 32 BTC to pay STRC dividends. Adler pointed out that the main risk currently lies in BTC remaining below the treasury cost line of $75,000, which would block the financing channel for ATM issuance by compressing the MSTR premium. However, nearly all of Strategy's debt is in convertible bonds, with no additional margin risk; the baseline scenario is the loss of marginal buyers rather than cascading liquidations. The real pressure point lies in the company's transition from selling stock to systematically selling BTC itself to pay preferred stock dividends and debt interest.

According to The Block, Benchmark Equity Research reiterated its buy rating on Strategy (MSTR) and maintained its target price of $570. This target price still has about a 406% upside compared to Friday's closing price of $112.53.Although Strategy's perpetual preferred stock STRC experienced a significant sell-off last week, dropping to around $83, Benchmark analyst Mark Palmer stated that STRC is not a stablecoin and does not have a Terra/Luna-style reflexive mechanism. Its essence is a perpetual preferred stock, backed by over 847,000 bitcoins (approximately $55 billion) held by Strategy.Palmer believes that the decline of STRC is not a "de-pegging," but rather a reset of the market's required yield. The company currently has about $1.4 billion in cash reserves, which can flexibly support dividend payments. Benchmark views this sell-off as a stress test of its financing model, rather than a structural deterioration.

Michael Saylor posted a review of Strategy's Bitcoin strategy journey, stating that in October 2022, when he gave a related speech, the price of Bitcoin was around $20,000. At that time, Strategy held 130,000 BTC, valued at approximately $2.6 billion, and the stock price of MSTR (after stock split adjustment) was about $24. A few weeks later, Bitcoin fell below $16,000, and the company's debt once exceeded the total value of BTC and cash reserves of about $300 million, with MSTR's stock price also dropping to around $13 by the end of 2022. Strategy then insisted on executing the Bitcoin strategy, strengthening company operations, and continuously financing to invest in BTC.Since 2022, the company has raised over $60 billion in new capital, which has been used to purchase Bitcoin, increasing its holdings by over 716,000 BTC. Currently, the value of BTC and cash reserves held by Strategy is approximately $48 billion higher than the company's debt, and it will continue to adhere to a long-term strategy in the future.

According to Gate market data, U.S. stocks closed on Thursday with the Dow Jones Industrial Average initially rising by 0.14%, the S&P 500 index up by 1.09%, and the Nasdaq up by 1.91%. SpaceX (SPCX.O) fell by 3.56%, at one point dropping by 10% during the day. The semiconductor sector maintained strong performance throughout the day, with Marvell Technology (MRVL.O) rising by 7.27%, Intel (INTC.O) up by 10.64%, and Micron Technology (MU.O) increasing by 8.7%. The Nasdaq China Golden Dragon Index fell by 0.89%.

According to Gate market data, the US stock market opened with the Dow Jones up 0.77%, the S&P 500 index up 1.1%, and the Nasdaq up 1.56%. Semiconductor concept stocks performed strongly, with Intel up 8%, Marvell Technology up 4.7%, and Micron Technology up 6%. SpaceX continued its downward trend, with a decline of 2%.

According to Jinshi, the number of initial jobless claims in the United States for the week ending June 13 was 226,000, slightly higher than the market expectation of 225,000, and the previous value was revised from 229,000 to 230,000.

According to Jinshi reports, the number of people continuing to claim unemployment benefits in the United States for the week ending June 6 increased to 1.81 million, expected to be 1.795 million, with the previous value revised from 1.795 million to 1.786 million.

According to Jinshi News, short-term interest rate futures currently indicate that the likelihood of the Federal Reserve raising interest rates in September is greater than the likelihood of maintaining rates.

According to Gate market data, U.S. stocks opened with the Dow slightly higher, the S&P 500 index up 0.12%, and the Nasdaq up 0.43%. SpaceX (SPCX.O) rose 3.6%, continuing its upward trend for the fourth trading day. Semiconductor stocks strengthened, with ASML (ASML.O) up 5%, Marvell Technology (MRVL.O) up 5%, Broadcom (AVGO.O) up 2.4%, and Intel (INTC.O) up 4.1%.

According to Gate market data, U.S. stocks opened with the Dow Jones up 1.2%, the S&P 500 index up 1.3%, and the Nasdaq up 2.1%. The new stock SpaceX (SPCX.O) continued its upward trend, rising by 6.7%. Nvidia (NVDA.O) rose by 1.7%, as the company plans to raise at least $20 billion through the issuance of high-grade bonds. The Nasdaq Golden Dragon China Index rose by 0.85%.

According to Cointelegraph, the latest research from Galaxy Digital indicates that due to a lack of speculative activity, the Bitcoin cycle low may occur at higher price levels than in previous bear markets. The analysis suggests that the potential bottom is between $62,000 and the actual Bitcoin price of $53,600.Galaxy's research director Alex Thorn analyzed each top and bottom of the Bitcoin cycle and noted that the four-year cycle is closely related to Bitcoin's historical trends. The decline from peak to trough has steadily narrowed across market cycles, decreasing from early drops of 85% and 84% to 77% in 2022 and 51% in 2026. The current top signal for October 2025 is weak, with only 2 out of 11 traditional top indicators signaling, while the widely watched Pi Cycle Top indicator has failed to trigger for the first time.The market capitalization to realized value ratio (MVRV) for Bitcoin peaked at 2.29, while this ratio ranged from 2.93 to 5.91 in previous cycles. The report also found that several key bottom signals are still missing. Currently, only 4 out of 13 indicators have been triggered, and most stronger signals have yet to appear. Thorn pointed out that based on the current cost price of $53,600, Galaxy estimates the fundamental bottom range to be between $40,000 and $46,000. A more severe "washout" scenario points to $30,000 to $37,000, while a more gradual decline may maintain around $51,000 to $54,000.

According to Jinshi reports, European stock indices opened higher, with the German DAX30 index rising by 1.4%, the French CAC40 index rising by 1.3%, the Euro Stoxx 50 index rising by 1.38%, and the UK FTSE 100 index rising by 0.6%.

According to Jinshi, the number of people continuing to claim unemployment benefits in the U.S. for the week ending May 30 was 1.795 million, slightly higher than the market expectation of 1.78 million. The previous value was revised from 1.777 million to 1.771 million.

According to Jinshi, the seasonally adjusted core CPI year-on-year rate in the United States for May was 2.9%, in line with market expectations, with the previous value being 2.8%.

According to Jinshi reports, the seasonally adjusted Consumer Price Index (CPI) for the United States in May was 335.123, slightly higher than the market expectation of 335.114, and the previous value was 333.02.

According to Gate market data, the Dow Jones Index opened up 244.99 points on June 9 (Tuesday), an increase of 0.48%, reporting at 51,031 points; the S&P 500 Index opened up 44.17 points, an increase of 0.6%, reporting at 7,449.9 points; the Nasdaq Composite Index opened up 203.49 points, an increase of 0.79%, reporting at 26,133.16 points.

According to Jinshi, the Federal Reserve's Beige Book shows that overall, prices are rising at a moderate to strong pace, with inflation levels in most regions higher than the data from the last report.

According to Gate market data, U.S. stocks closed higher on Tuesday, with the Dow Jones Industrial Average initially rising by 0.45%, the S&P 500 index up by 0.1%, and the Nasdaq slightly up. Microsoft (MSFT.O) fell by 4%, Google (GOOG.O) dropped nearly 4%, and Marvell Technology (MRVL.O) surged by 32%. The Nasdaq Golden Dragon China Index closed up by 1.8%, with Alibaba (BABA.N) rising over 4%.