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According to Coinglass data, if BTC falls below $56,539, the cumulative long liquidation intensity on major CEXs will reach $1.388 billion. Conversely, if BTC breaks above $62,404, the cumulative short liquidation intensity on major CEXs will reach $1.123 billion.

According to the 8-K document submitted to the SEC by Strategy, the company announced the launch of a digital credit capital framework, which includes five core components: dollar reserve policy, adjustment of STRC dividend policy, preferred stock repurchase plan, common stock repurchase plan, and BTC monetization plan.Under the dollar reserve policy, the reserve can only be used to pay preferred stock dividends and debt interest, and management must maintain a reserve sufficient to cover expected dividends and interest expenses for at least the next 12 months. As of June 28, the dollar reserve balance was $2.55 billion.Regarding the STRC dividend, the company will dynamically assess the dividend rate on a monthly basis, considering factors such as trading price, market yield, credit spread, and Bitcoin price volatility, and will not increase the dividend solely because the STRC trading price is below par value. The company also announced an increase in the annualized dividend rate for STRC to 12% from the previous level, effective July 1.In terms of the repurchase plan, the company has established two repurchase authorizations of $1 billion each, to repurchase preferred stocks such as STRC, STRF, STRD, STRK, and Class A common stock, with STRC being the primary target of the preferred stock repurchase plan. Neither of the repurchase plans will utilize dollar reserve funds.In addition, the company's board of directors has authorized the BTC monetization plan, allowing the company to raise up to $1.25 billion by selling Bitcoin, to supplement the dollar reserve, pay preferred stock dividends and interest expenses, or fund the aforementioned repurchase plans.

According to Jinshi reports, Rocket Lab's stock price rose 6.7% in pre-market trading after the company announced it would acquire satellite communications company Iridium for $8 billion.

According to a report by Reuters, informed sources revealed that Chinese memory chip manufacturer Changxin Memory Technologies (CXMT) has reached a long-term supply agreement with Tencent worth over 20 billion yuan (approximately 3 billion USD). This agreement mainly covers the supply of DRAM chips for servers over the next 3 to 5 years.The report pointed out that this large-scale cooperation comes as Changxin Memory is preparing for a 29.5 billion yuan IPO on the Shanghai Star Market. It is reported that Changxin Memory is currently negotiating similar collaborations with several other leading Chinese internet companies and is constructing a new DRAM factory in Shanghai. Once the new capacity is fully operational, its monthly DRAM wafer production capacity is expected to double to about 600,000 wafers.

According to a report by The Paper, the embodied intelligence company Zhi Ping Fang has recently completed a series of new financing, with a total amount of nearly 5 billion yuan (approximately 700 million USD), and a valuation exceeding 20 billion yuan, making it the first embodied intelligence company in the Guangdong-Hong Kong-Macao Greater Bay Area to officially surpass a valuation of 20 billion yuan. Zhi Ping Fang stated that after the completion of this financing, it will accelerate the iteration and large-scale production process of the "robot brain," further solidifying its integrated capabilities of "model × hardware × scenario."

According to the Science and Technology Innovation Board Daily, Baidu Group's stock price strengthened today, rising over 8%. It is understood that Baidu's Kunlun Core plans to go public in Hong Kong, with a target valuation of about 50 billion USD. Insiders revealed that Tencent has become a customer of Kunlun Core, and ByteDance is also considering adopting its AI chips. Currently, the Kunlun Core P800 has completed large-scale verification, and since 2025, it has delivered multiple ten-thousand-card clusters and completed important version training of Wenxin 5.1 on national production clusters.

According to SoSoValue data, last week's trading days (Eastern Time from June 22 to June 26) saw a net outflow of $1.79 billion from Bitcoin spot ETFs.The Bitcoin spot ETF with the highest net outflow last week was the Blackrock ETF IBIT, with a weekly net outflow of $1.303 billion, and the historical total net inflow for IBIT currently stands at $60.77 billion. Following that was the Fidelity ETF FBTC, with a weekly net outflow of $315 million, and the historical total net inflow for FBTC currently stands at $10.14 billion. The Bitcoin spot ETF with the highest net inflow last week was the Grayscale Bitcoin Trust BTC, with a weekly net inflow of $71.71 million, and the historical total net inflow for BTC currently stands at $2.38 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $72.82 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 6.08%, and the historical cumulative net inflow has reached $51.61 billion.

Grayscale Research's research director Zach Pandl stated that rather than raising the STRC preferred stock dividend yield by 50 basis points, it would be better to sell over $3 billion in Bitcoin to meet cash payment obligations and restore market confidence. As an institutional researcher, Zach Pandl publicly suggested that Strategy's sale of over $3 billion in BTC has certain indicative significance.If Strategy ultimately implements a large-scale sale, it will bring considerable selling pressure to the market and may weaken the narrative of companies continuously hoarding Bitcoin. This viewpoint also reflects market concerns about Strategy's capital structure and its heavy reliance on the sustainability of its Bitcoin balance sheet. Attention should be paid to Strategy's official response and whether there are actual Bitcoin transfers in its on-chain wallet.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.169 billion, with long positions of $2.053 billion, accounting for 49.26% of the holdings, and short positions of $2.115 billion, accounting for 50.74%. The profit and loss for long positions is -$199 million, and for short positions is $84.0207 million.Among them, the whale address 0x082e..88 has taken a 5x leveraged long position on HYPE at a price of $38.6755, currently with an unrealized profit and loss of $32.1128 million.

According to CNBC, GMO co-founder and billionaire investor Jeremy Grantham has once again expressed skepticism about Bitcoin, calling it a "useless speculative asset" and believing it may eventually lose market relevance over time.Grantham stated that Bitcoin will not end with a sudden zeroing out or a dramatic collapse, but is more likely to gradually fade from the market's view over the next few years or even decades. "It will slowly disappear, not with a bang, but quietly."He believes that Bitcoin lacks intrinsic value and has not proven itself to be a reliable store of value. Grantham pointed out that even during periods of better macroeconomic performance, Bitcoin's price has still experienced significant pullbacks, making it difficult to be regarded as a stable wealth preservation asset.In contrast, he mentioned that while gold has also undergone price adjustments, it has maintained a relatively robust long-term performance overall.Additionally, Grantham questioned the practical application value of Bitcoin, arguing that it is not widely used for everyday payments or commercial transactions, thus lacking broad utility in the real world.

According to Reuters, Nasdaq has confirmed that SpaceX (SPCX) will be included in the Nasdaq 100 Index on July 7, which may bring a wave of passive fund buying for the stock. Inclusion in the index typically boosts stock prices, as ETFs that track the performance of the relevant index need to purchase shares of newly included companies. JPMorgan expects that SpaceX's inclusion in the Nasdaq 100 Index could bring in $4.3 billion in passive fund inflows.SpaceX went public on Nasdaq on June 12. To attract more companies to list in the U.S., Nasdaq and index providers such as FTSE Russell and MSCI have previously relaxed some inclusion requirements, including profitability, days since listing, and the number of tradable shares. SpaceX has fluctuated between significant losses and small profits over the past three years, with a net loss of $4.9 billion last year.Michael Field, Chief Equity Market Strategist at Morningstar, stated, "Clearly, there is strong market demand, which is why they are quickly including it in the index." He added that many people will be satisfied with this, but some fund managers and skeptics may not agree, as Morningstar believes the stock is overvalued. Investors typically gain broader market exposure through funds that track the Nasdaq 100 Index, such as Invesco's QQQ and QQQM. Additionally, large language model companies like OpenAI and Anthropic are also expected to submit IPO applications this year or next and may seek valuations exceeding $1 trillion.However, S&P Global stated this month that it will not adjust the requirements for SpaceX to enter major indices like the S&P 500 and will consider including it in relevant indices only after at least 12 months.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.201 billion, with long positions totaling $2.089 billion, accounting for 49.72% of the holdings, and short positions totaling $2.112 billion, accounting for 50.28%. The profit and loss for long positions is -$174 million, while the profit and loss for short positions is $62.3815 million.Among them, the whale address 0x082e..88 has taken a 5x leveraged long position on HYPE at a price of $38.6755, currently realizing an unrealized profit and loss of $34.3264 million.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $4.15 billion, with long positions totaling $2.062 billion, accounting for 49.68% of the holdings, and short positions totaling $2.088 billion, accounting for 50.32%. The profit and loss for long positions is -$184 million, while the profit and loss for short positions is $73.143 million.Among them, the whale address 0x082e..88 has taken a 5x leveraged long position on HYPE at a price of $38.6755, currently realizing an unrealized profit and loss of $34.1125 million.

According to monitoring by Onchain Lens, SharpLink Gaming purchased 5,000 ETH (worth $7.88 million). Within two days, it accumulated a total of 10,000 ETH (worth $15.73 million) and currently holds 886,285 ETH (worth $1.4 billion), with an unrealized loss exceeding $1.7 billion.In addition, the newly created wallet "0x643" purchased another 9,050 ETH (worth $14.31 million) from FalconX.

According to Coinglass data, if BTC falls below $56,801, the cumulative long liquidation intensity on major CEXs will reach $1.464 billion. Conversely, if BTC breaks above $62,753, the cumulative short liquidation intensity on major CEXs will reach $1.307 billion.

According to Jinshi reports, the Federal Reserve accepted a total of $6.426 billion from 8 counterparties in its fixed-rate reverse repurchase operations.

According to data from CryptoRank.io, the total TVL of global liquid staking protocols fell to $33.4 billion in the second quarter of 2026, a decrease of 56.1% from the historical high of $76 billion in the third quarter of 2025, marking three consecutive quarters of decline.Specifically, the fourth quarter of 2025 was $61.4 billion, the first quarter of 2026 was $45.2 billion, and the second quarter further dropped to $33.4 billion. The liquid staking sector continues to face pressure, reflecting that the overall DeFi ecosystem is still in a weak cycle.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $1.122 billion, with long positions liquidated at $887 million and short positions liquidated at $235 million. Among them, Bitcoin long positions were liquidated at $413 million, Bitcoin short positions at $117 million, Ethereum long positions at $243 million, and Ethereum short positions at $67.2597 million.In addition, in the last 24 hours, a total of 151,930 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD worth $38.0525 million.

According to CNBC, Polymarket stated that its annual revenue has significantly exceeded $1 billion, a development that comes just six weeks after its U.S. trading platform lifted the waiting list. The platform operates independently from its international DeFi prediction market and will gradually expand user access after its launch in December this year.Driven by the FIFA World Cup, the trading activity in the prediction market has significantly increased, with trading volumes across multiple platforms rising simultaneously. Data shows that the daily trading volume on the U.S. platform has grown from about $50 million in mid-May to over $200 million on June 20 (based on Dune Analytics data).Meanwhile, its international platform set a record for weekly trading volume during the World Cup, reversing the downward trend seen in April and May. The U.S. business was previously restricted due to regulatory issues in 2022, but resumed operations in the form of a regulated exchange after the U.S. Commodity Futures Trading Commission (CFTC) and the Department of Justice dropped their investigation and did not file charges in 2024.Currently, the U.S. platform is primarily mobile-based, requiring users to download the app via a QR code to trade, with the desktop version not yet available. Polymarket stated that it will continue to optimize market experience, liquidity, and product design to enhance both institutional and consumer-level experiences in the prediction market.