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The Hong Kong-listed company Okex Cloud Chain (1499.HK) announced its annual results for the year ending March 31, 2026. During the period, the group generated approximately HKD 191.7 million in revenue from continuing operations, a decrease of about 46.7% compared to HKD 359.8 million in the same period of 2025.The company incurred a loss of approximately HKD 28.8 million this year, widening the loss by about 82% compared to the same period last year; the basic and diluted loss per share was HKD 0.54.The report indicated that the group terminated its digital asset proprietary trading business and technical services during the reporting period, with approximately HKD 96.55 million in digital assets reclassified as intangible assets.

According to Jinshi, Bank of America cited EPFR Global data in its report stating that for the week ending June 24, U.S. equity funds experienced an outflow of $8.5 billion, marking the first outflow in three months. Technology sector funds led the decline with a record outflow of $9.3 billion. The report noted that Wall Street was shaken by the sell-off of large tech stocks, and the S&P 500 index has fallen from its all-time high. The total redemption scale for equity funds was $5 billion, while money market funds saw an outflow of $25.5 billion.

a16z crypto released data showing that the trading volume of prediction markets has set a historical high for the third consecutive week, with the total market trading volume reaching $14.4 billion for the first time last week, a significant increase from about $5-6 billion at the beginning of the year, while the previous historical high of about $10 billion was only refreshed a week ago.In addition, the open interest rose to $1.6 billion, setting a historical high for the third consecutive week, indicating that the speed of new positions being opened continues to outpace the pace of positions being closed, leading to an expanding capital risk exposure. Among them, the growth in non-sports markets is particularly significant, covering areas such as macroeconomics and emergencies, with a total trading volume of $3.6 billion last week on Kalshi and Polymarket, surpassing the total scale of all categories in the prediction market last year.

According to data from The Kobeissi Letter, the net outflow of the U.S. Bitcoin spot ETF over the past 30 days has reached $6.4 billion, marking the largest single-month outflow in history. Last week alone saw a net outflow of $233 million.Overall, cryptocurrency funds also recorded a net outflow of $116 million last week, marking the fifth consecutive week of capital outflow. This has reduced the cumulative net inflow of crypto funds over the past 12 months to $5 billion, the lowest level since August 2025, and a significant decline from the peak of $10 billion in October 2025.In terms of the proportion of assets under management (AUM), the cumulative inflow over the past 12 months has dropped to about 7%, the lowest since July 2025, indicating that negative market sentiment continues to dominate capital flows.

The scale of U.S. leveraged ETFs is growing at a record pace, with investors' leverage usage also at a record high. Currently, the assets under management of the 3x long Nasdaq 100 Index ETF TQQQ have risen to approximately $40 billion, nearing historical highs. Meanwhile, the assets under management of the 3x long semiconductor ETF SOXL have reached a historical high of $34 billion. Since April, the asset size of SOXL has increased more than threefold, and the asset size of TQQQ has nearly doubled. In contrast, the 2x long Nasdaq 100 Index ETF QLD has grown by $7 billion during the same period, an increase of 88%, with a size close to the historical high of $15 billion. Driven by this, the total assets under management of U.S. leveraged ETFs have reached a historical high of $198 billion, a 55% increase during the same period.

Kalshi Data posted on platform X that Kalshi's weekly cryptocurrency trading volume has surpassed $1 billion for the first time; Kalshi's weekly perpetual contract notional trading volume reached nearly $6 billion, setting a new historical record.

According to Coinglass data, the Coinbase Bitcoin premium index has been in the negative premium range for 44 consecutive days, with the latest value at -0.1089%. This index measures the deviation of the BTC price on Coinbase (a mainstream compliant platform in the U.S.) relative to the global average price. A sustained negative value indicates heavy selling pressure in the U.S. market, a decline in risk appetite, capital outflows, or rising risk aversion.Historical data shows that long-term negative premiums are often accompanied by the exit of institutional funds from the U.S., necessitating caution regarding short-term pullback pressure. Darkfost, an author on the CryptoQuant platform, stated that there is a lag in institutional demand for BTC. The Coinbase premium index is primarily used to assess the demand for Bitcoin among professionals and institutions. By comparing BTC prices on Coinbase Advanced and Binance, you can directly understand the purchasing behavior of these users.Negative data indicates that the amount sold by institutional investors exceeds that of retail investors, while retail investors are mostly active on the Binance platform, and their behavior has led to the decline in the price of the Coinbase premium index. Previously, this index was in negative premium for 40 consecutive days from January 16 to February 24 this year, setting the record for the longest "consecutive negative" since the index was launched, surpassing the approximately 30 days of consecutive negative premium during the "1011 crash."

According to Jinshi, Bank of America strategists stated that last week the U.S. stock market attracted a record inflow of funds, with investors flocking to the technology sector. The team led by Michael Hartnett cited data from EPFR Global, indicating that in the week ending June 17, a record $119.2 billion flowed into U.S. equity funds. They noted that on an annualized basis, U.S. equity funds are expected to attract a record $739 billion by 2026.

According to BBX data, the Federal Reserve's hawkish shift yesterday triggered a general decline in cryptocurrency concept stocks, but corporate buybacks and stock differentiation occurred simultaneously. The core dynamics are as follows:MARA Holdings, Inc. (NASDAQ: $MARA) has purchased 1,000 BTC from the cryptocurrency liquidity platform FalconX (privately held), with a transaction value of approximately $66.7 million (equivalent to an average price of about $66,700 per coin); this purchase occurred during the same time window as the release of the Federal Reserve's hawkish dot plot and Bitcoin's downward pressure on that day. This marks the company's first clearly recorded counter-cyclical buyback action since the large-scale sale of 20,880 BTC in Q1 (resulting in a Q1 net loss of $1.3 billion). As of the last disclosure (March 31), the company's BTC holdings were 35,303 coins; following this additional purchase, the total holdings are expected to rise to approximately 36,303 coins (pending confirmation from the company's official SEC filing). This transaction has not yet been disclosed in a formal press release or 8-K filing from the company, with data sourced from on-chain monitoring, awaiting official confirmation.Robinhood Markets, Inc. (NASDAQ: $HOOD) surged against the trend yesterday, reaching $110.73 during the day and closing at $105.20 (some real-time quotes showed an intraday increase of up to 12%), with a trading volume of 69.77 million shares, about 2.3 times the three-month average. The company announced that it would cut 10% of its full-time employees (resulting in approximately $28 million in restructuring costs, including about $20 million in severance and benefits costs and about $8 million in stock-based compensation costs). CEO Vlad Tenev emphasized that this move "stems from a position of strength rather than financial pressure"; concurrently, it was disclosed that the average daily trading volume in June reached historic highs across stocks, options, and prediction markets, with platform assets reaching $377 billion in May (up 48% year-on-year), and 27.7 million funded customers, with net inflows of $5.6 billion in May. Multiple institutions, including Deutsche Bank, Goldman Sachs, Needham, Cantor Fitzgerald, and Argus, raised their target prices to a range of $95 to $110 on the same day; Reuters also reported that the SEC is preparing to allow cryptocurrency companies to trade tokenized stocks and other products, which is also viewed as a positive by the market.

According to Cryptonomist, the prediction market platform Kalshi recorded a trading volume of $5.1 billion in the first week of the 2026 FIFA World Cup, setting a historical high for the platform. In May, Kalshi's monthly trading volume had already approached $18 billion, setting a historical record at that time. Kalshi also announced an official partnership with the Argentine Football Association (AFA) during the World Cup, with Messi promoting the platform on social media.

According to Jinshi reports, CITIC Construction Investment pointed out that SpaceX landed on NASDAQ with a valuation of $1.75 trillion, raising $75 billion, and its market value surpassed $2 trillion on the first day, becoming the seventh largest technology company in the world and creating the largest IPO in history. Its three major businesses: Starlink, reusable rockets, and space AI validate the commercial closed loop, accelerating the commercialization process of the space economy. In 2026, several liquid rockets in our country will have intensive maiden flights and recovery tests, which are expected to significantly reduce launch costs and accelerate constellation construction. It is recommended to pay attention to:Rocket segment: high-barrier fields such as engines and rocket body structures;Satellite segment: payloads, antennas, and laser communication terminals;Ground equipment: civilian terminals and mobile direct connection technology;Operational services: companies with scarce license qualifications.

Hong Kong Mortgage Corporation Limited announced the first issuance of HKD 12 billion public digital bonds, including three tranches: HKD 6 billion for a two-year term, HKD 2.5 billion for a five-year term, and RMB 3 billion for a three-year term. Among these, the five-year HKD bond is the longest maturity digital bond ever issued.It is reported that this issuance transaction is the largest digital bond issuance globally to date, and the Mortgage Corporation has also become the first public institution in Hong Kong to issue digital bonds. The bonds will be generated on a distributed ledger technology platform operated by the Central Clearing and Settlement System for debt instruments, which also serves as the settlement and delivery system for the digital bonds.

According to the latest data from the Gate platform, the total staking amount for its SOL mining (staking) product has reached 624,200 SOL, with a reference annualized yield of 8.50%. Users staking SOL can receive an equivalent amount of GTSOL assets, achieving asset appreciation.This service supports instant redemption, releasing liquidity and obtaining stable returns. In addition to SOL, the platform also offers multi-currency staking options. As of the time of publication, the reference annualized yields are: GUSD 3.00%, BTC 2.67%, ETH 4.18%, and USDT 3.98%.

According to Fortune, Mastercard has announced a new protocol called Agent Pay for AI, allowing AI agents to make payments and conduct small transfers among themselves— for example, automatically paying when an AI agent retrieves data from a website in segments. The protocol stores the permissions granted to AI agents by humans on the blockchain, initially using the Polygon network to ensure transparency and verifiability, allowing multiple parties to verify whether the agents are acting as instructed.Companies like Adyen, Coinbase, and Cloudflare are collaborating with Mastercard to develop this protocol. Mastercard's Chief Product Officer Jorn Lambert stated that this protocol will not become a major source of revenue in the short term, but it is expected to develop into a significant new market over the next five years.Giants like Visa, Stripe, Coinbase, and Google are actively laying out AI payment protocols, jointly promoting the future of "machine-to-machine payments" and AI chatbots dominating e-commerce transactions; however, the current volume of agent-based payments remains relatively small.

As user demand for trading assets such as foreign exchange, gold, and indices continues to rise, the Bitget CFD sector's daily trading volume has surpassed 10 billion USD, an increase of 25% compared to early May.

Bybit's latest options weekly report states that the directional judgment over the past four weeks has all been realized this week: BTC hit a low of $59,130, surpassing the previous target range of $65k - $67k. Last week's opening was $73,760, with a low of $59,130, marking the largest weekly decline since the FTX collapse (approximately -20%), now rebounding to $63,000. Recently, three major bearish factors have overlapped: non-farm payrolls exceeded expectations reigniting interest rate hike expectations, SpaceX's IPO drawing away liquidity, and Strategy selling BTC for the first time in four years. The ETF saw a record net outflow of $1.7 billion in a single week. ETH's daily RSI fell to a historical low of 12.78, while BTC's RSI simultaneously dropped to 15.45, increasing the probability of a technical rebound, but a trend reversal remains to be confirmed. DVOL surged from a historical low of 35 to 55 before falling back to 48, with bearish options having taken profits. Currently, do not chase long positions; BTC faces significant pressure in the $63k - $65k range, waiting for CPI and DVOL to drop to 40 or for BTC to effectively reclaim $65,000 before re-entering.

Bitcoin briefly fell below $60,000 last Monday, marking the worst weekly performance since the FTX exchange collapse in 2022. As of last Sunday, Bitcoin had accumulated a 16% decline over the past 7 days, retreating more than 50% from its historical high of over $126,000 in 2025. Several market analysts warned that the current rebound may be difficult to sustain, and Bitcoin may not have reached the bottom of this cycle yet. Griffin Ardern, co-founder of Primal Fund, stated that the market is still quite far from the "true bottom."Data shows that the U.S. spot Bitcoin ETF has recorded net outflows for 13 consecutive trading days, with a total outflow of approximately $5.5 billion. At the same time, Bitcoin fell below the 200-week moving average, widely regarded as a key support level, further weakening market confidence. Paul Howard, a senior executive at crypto trading firm Wincent, described the current market as a "silent bear market," believing that falling below the 200-week moving average is an important confirmation signal for the market entering a bear phase.Analysts pointed out that the ongoing conflict between the U.S. and Iran, the reversal of expectations for Federal Reserve interest rate cuts, and strong U.S. employment data are driving the market to reprice the interest rate path, with a high interest rate environment being unfavorable for the performance of risk assets, including crypto assets. Additionally, some funds are flowing from the crypto market into artificial intelligence and tech stock sectors. Nevertheless, the current pullback is still less than historical bear market cycles. In past bear markets, Bitcoin typically retreated about 80% from its peak, while this round has seen a decline of about 50%. Some traders believe that if the macro environment continues to deteriorate and companies holding large amounts of Bitcoin face financing pressures, there remains a risk of further downside in the market.

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin has been in a state of realized net loss for 22 consecutive days, meaning that trades where the selling price is lower than the buying price continue to dominate, and holders are closing positions at a loss. The MVRV Z-Score indicator has dropped to 0.32, far below the historical average of 1.71, indicating that valuations have significantly cooled, with premiums almost completely washed away, and the market is no longer expensive.If this indicator falls below zero, it will enter a deeply undervalued and capitulation zone; if it rises above the historical average, it will signal a valuation recovery. The lowest point of realized net loss occurred on June 6, reaching $1.2 billion, and has now narrowed to about $1.1 billion, roughly half of the extreme capitulation value of $2.2 billion in 2022. Analysts point out that market pressure is evident, but valuations have reset, and the valuation discount itself is a positive signal. The trigger for improvement is when realized net profit and loss return to zero and above, and MVRV Z remains positive; the main risk is that losses deepen again to the extreme levels of 2022 and MVRV Z falls below zero.

According to on-chain data platform Artemis, the on-chain activity of USDC on Hyperliquid has significantly increased: the supply reached $4.2 billion, growing by 200% in 4 weeks; the turnover volume hit a record high of $10.39 billion; the daily active users of the stablecoin reached 3,910, an increase of 163% compared to 5 months ago.