Global tech stocks are getting dumped, and risk assets are taking a hit, with Bitcoin dipping below the $63,000 mark.
The AI and chip stocks that surged earlier this year are seeing funds flee, with the Korean index plummeting 8%. US tech futures are heading south, and commodities are also dropping across the board. Crypto assets are all in the red, with Bitcoin's weekly drop exceeding 3%, while only Tron is managing a slight uptick.
Bitcoin's movement is influenced by the situation in Iran, now fully correlating with AI tech market swings. Moving forward, we need to keep an eye on Micron's earnings report, US employment figures, inflation data, and the big players' earnings.
MicroStrategy's stock price continues to weaken, reflecting a bearish market sentiment. Key support for Bitcoin lies between $59,000 and $60,000; breaking below this range could trigger a new wave of deep declines! $BTC
According to official news from Ondo Finance, their securities tokenization platform, Ondo Global Markets, has now officially integrated with the cross-chain liquidity aggregation protocol LI.FI.
Here are the key takeaways from this integration: 1. Multi-chain support progress: Currently, they have launched on Ethereum and BNB Chain, with Solana set to be integrated shortly.
2. Ecosystem reach: Over 1,000 partners within the LI.FI ecosystem will gain direct access channels through this integration.
3. Asset coverage scale: Supporting tokenized assets of more than 438 U.S. stocks and ETFs. This includes star stocks like Tesla, Nvidia, and Apple, as well as major broad-based ETFs like QQQ and SPY. $ONDO
Another whale just got rekt chasing the highs, and on-chain data shows that this address transferred 2,480 BTC to Binance, $BTC . This looks like the setup for some serious dumping.
A month ago, this address bought 2,500 BTC for $80,936 (valued at $202 million).
Whale bc1qhx is now depositing the remaining 2,480 BTC (worth $161 million) into Binance, taking a loss of over $39 million.
Michael Saylor is still stacking BTC, is he really not planning to sell? They're piling on the bags heavy, how's it supposed to pump?
MicroStrategy scooped up 520 BTC last week at a price of $67,068 per share (totaling $35 million).
Currently, the strategy holds 847,363 BTC (valued at $54.96 billion), with an average buy price of $75,651 per coin, resulting in an unrealized loss of $9.15 billion $BTC
HYPE Spot ETF saw a net inflow of $27.95 million last week
From June 14 to June 18 Eastern Time, the HYPE Spot ETF experienced a total net inflow of $27.95 million. Breaking it down by product, the strongest inflow this week was from Bitwise's BHYP ETF, which attracted a net inflow of $24.51 million in just one week. Since its launch, this product has accumulated a total net inflow of $118 million. Following closely is Grayscale's HYPF ETF, which saw a net inflow of $2.17 million this week, bringing its historical total net inflow to $9.12 million.
The total net asset size of all HYPE Spot ETFs stands at $221 million, with the ETF holdings representing 1.45% of HYPE's total market cap. Since launching, the entire category has accumulated a net inflow of $183 million.
Strategy (formerly MicroStrategy) makes a large purchase of Bitcoin, total reserves exceed 780,000 coins
The company purchased 13,927 Bitcoins from the market last week, spending approximately $1 billion (average purchase price of about $71,902 per coin). This move increased its total Bitcoin reserves to 780,897 coins, accounting for about 3.7% of the total Bitcoin supply, continuing to hold the position of the largest corporate Bitcoin reserve holder in the world.
Strategy has cumulatively paid a total cost of about $59.02 billion for these Bitcoins, with an average holding cost of $75,577 per coin. Notably, all funds for this purchase came from issuing and selling its Variable Rate Series A Perpetual Stretch Preferred Stock to investors, without involving common stock issuance. $BTC
Tonight: Trump: (Discussing the Iran issue) All civilization will collapse tonight and will never recover. I do not want such a thing to happen, but it is very likely to happen.
Tomorrow morning: I am grateful that this did not happen, I am glad we saved human civilization, today is another victory for America.