stocks

According to Gate market data, U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average initially up 0.59%, the S&P 500 index up 1.1%, and the Nasdaq up 2.07%. Western Digital (WDC.O) rose 11%, Seagate Technology (STX.O) rose over 7%, SpaceX (SPCX.O) rose 7%, Micron Technology (MU.O) rose 1%, and NVIDIA (NVDA.O) rose 1%. The Nasdaq China Golden Dragon Index closed up 1.4%, with Baidu (BIDU.O) rising over 7%.

According to a report by crypto.news, Galaxy Digital CEO Mike Novogratz stated that the core reason for Bitcoin's recent decline is the "collapse of confidence triggered by Strategy." The issue lies not only in the price of Bitcoin itself but also in the growing concerns in the market regarding Strategy's financing model.As the largest publicly traded holder of Bitcoin globally, Strategy's stock and preferred securities have become key indicators for traders to measure Bitcoin market risk. Previously, the company's Bitcoin flywheel effect had come under pressure, with stock trading prices dipping below the value of its Bitcoin holdings, indicating that its long-reliant "premium stock issuance to repurchase Bitcoin" model is being challenged. Novogratz bluntly stated that STRC trading is weak, which should have been maintained around $100. Currently, Strategy's annual dividend obligation has risen to about $1.2 billion, and a decline in cash reserves has reduced the dividend coverage period to only about 14 months.Bitcoin is also facing pressure on a macro level. Novogratz summarized the current market logic as "a strong dollar means a weak Bitcoin," with hawkish central bank signals and a strengthening dollar suppressing demand for risk assets. From a technical perspective, the $59,000 to $60,000 range for Bitcoin has become a critical defense line, and if it breaks down, the downward space could open up to $45,000.Novogratz also admitted that the current situation is complex, with a 50-50 probability of a rebound or a deep correction. Outflows from ETF funds, weak liquidity, and cautious positioning in the options market further confirm the fragile market sentiment. Now, the health of Strategy's balance sheet, the performance of STRC prices, and cash positions have evolved from being company-level issues to becoming confidence signals for the overall Bitcoin market.

According to the latest daily trading disclosure information released by ARK Invest, Cathie Wood's ARK Invest spent $25.54 million on June 26 to purchase stocks of Coinbase, SpaceX, Circle, Bullish, and Robinhood.Among them, $10.19 million was spent on Coinbase stocks (68,366 shares); $7.01 million on SpaceX stocks; and $5.79 million on Circle stocks.

According to Cointelegraph, in the wave of declines in technology stocks, cryptocurrency-related stocks have suffered particularly severe losses, with the divergence from the broader market continuing to widen. Coinbase (COIN) and Circle (CRCL) have fallen 69% and 72% from their respective historical highs, far exceeding the 48% to 57% pullback of mainstream tech stocks like Oracle, Salesforce, Netflix, and Palantir; in contrast, the S&P 500 index has only retreated 3.5% from its recent peak.On the fundamental side, Coinbase's first-quarter performance was significantly below Wall Street expectations, with a 21% quarter-over-quarter decline in revenue and a loss of $1.49 per share, while analysts had previously expected earnings of $0.27 per share. Bitcoin fell below $60,000 this week, down more than 54% from its October peak; Ethereum also dropped to around $1,500, down about 69% from last year's high, with market sentiment continuing to deteriorate.21Shares has lowered its 2026 cryptocurrency market expectations in its mid-year outlook report, believing that the performance of digital asset prices is significantly lagging behind the industry's fundamentals. The institution pointed out that institutional adoption is still deepening, with stablecoins, asset tokenization, and prediction markets maintaining strong development momentum, but the four-year market cycle of Bitcoin remains the dominant force in price trends. The report also acknowledged previous misjudgments—"the cycle of Bitcoin is evolving, but has not yet broken," retracting its earlier assertion that the four-year cycle was outdated.Analysts believe that the deep pullback in cryptocurrency stocks reflects the overall weakness of the digital asset market, the uncertainty of legislative progress in the U.S. cryptocurrency market structure, and the compounded pressure from the potential impact of AI technology on existing business models.

According to The Block, as the price of SOL rose by about 9% on Friday, the stock prices of several Solana digital asset treasury companies also surged significantly. Sol Strategies saw an intraday increase of 22%, reaching $1.20, outperforming other crypto treasury stocks.Other Solana digital asset treasury companies also recorded notable gains. Forward Industries rose as much as 12% to $4.03, SkyAI increased by 11% to $1.07, DeFi Development Corp. climbed 10% to $2.73, and Solana Company also rose by over 10%, peaking at $1.65.This round of increases was also driven by expectations of index inclusion. Several digital asset treasury companies, including the largest Solana treasury company Forward, will be included in the Russell index after the market closes on Friday. The two major Ethereum treasury companies, Bitmine and SharpLink, will also be included in the relevant Russell index, while the smaller Solana treasury company Upexi will enter the Russell Microcap.

According to Gate market data, at the opening of the US stock market, the Dow Jones Industrial Average fell by 0.44%, the S&P 500 index fell by 0.67%, and the Nasdaq Composite Index fell by 1.1%. Popular tech stocks performed unevenly, with Micron Technology opening down by 6%, SpaceX down by 1.8%, and Apple opening up by 0.1%.

Data shows that the daily trading volume of tokenized stocks issued on the Solana network has risen to $553 million, setting a new historical record.

According to Cointelegraph, Ondo stated that the minting and redemption functions for tokenized stocks and ETFs are now available 24/7 on Ethereum and BNB Chain, with Solana launching soon.

According to Gate market data, U.S. stock AI chip stocks showed mixed results before the market opened, with Intel (INTC.O) down 3.2%, Baidu (BIDU.O) and AMD (AMD.O) down 2.7%, Qualcomm (QCOM.O) and Broadcom (AVGO.O) down over 1%, while Microsoft (MSFT.O) rose 1.1%.

The Block posted on the X platform that Cathie Wood's Ark Invest purchased more shares of Coinbase, Circle, Bullish, and Robinhood during the stock market decline on Thursday.

According to Jinshi reports, some U.S. chip stocks fell in after-hours trading, with Micron Technology down nearly 4%, Western Digital and Marvell Technology both down 2%, and Qualcomm down 1%.

According to Jinshi, U.S. stock AI chip stocks showed mixed results before the market opened, with Qualcomm rising 13%, Intel up nearly 6%, AMD up nearly 4%, while Baidu fell 2% and Google dropped 1.4%.

According to the Financial Times, affected by the intensified sell-off of tech stocks, Bitcoin has fallen to a 20-month low, and market risk sentiment continues to weaken. Bitcoin briefly dropped below $60,000, with an intraday decline of up to 5.4%, reaching its lowest level since October 2024. Over the past two years, traders have regarded $60,000 as an important support level. This round of decline occurred after a sell-off of large tech stocks this week. Traders are betting that the U.S. central bank will respond to inflation by raising interest rates, which may suppress risk appetite and prompt investors to reassess overvalued assets and turn to relatively safe assets.In recent years, the correlation between crypto assets and stock movements has been high, but this relationship is currently under pressure. Bitcoin and Solana have fallen 32% and 47% respectively this year, and even a rebound in the stock market has not led to a significant recovery. Part of the reason is that retail investors' demand for cryptocurrencies has decreased, turning instead to chase the volatility of AI-related stocks. Gerry O'Shea, Global Market Insights Director at crypto asset management firm Hashdex, stated that as large public offerings and AI stocks become the market focus, market sentiment remains weak. Analysts currently do not believe there are significant catalysts in the crypto market.The U.S. capital markets are still digesting the world's largest IPO, SpaceX, which went public on Nasdaq earlier this month, with AI companies like OpenAI and Anthropic also expected to follow suit. Meanwhile, the important U.S. digital asset regulatory bill, the Clarity Act, remains stalled in the Senate, facing strong opposition from the banking sector and has not yet garnered enough bipartisan support.

Delphi Digital stated that the issuance scale of xStocks continues to grow, with its on-chain AUM surpassing 500 million dollars for the first time, and the number of independent holders exceeding 177,000. Data shows that users are still mainly flocking to well-known large tech stocks and other "household name" giants, with the top ten xStocks assets accounting for over 80% of the total scale.