MicroStrategy once again bought 12,333 BTC at an average price of $28,136, spending about $347 million. As of June 27, 23, MicroStrategy purchased 152,333 BTC at a price of about $4.52 billion, with an average price of $29,668. He didn't run away in the last cycle, and now he has made his money back. Powell reiterated that it is necessary to raise interest rates twice more this year, hinting that interest rates will continue to rise in July.

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Elliot Z. Stein, senior legal analyst at Bloomberg, said: Grayscale has a 70% chance of winning the SEC lawsuit. There is a 50% chance that a Bitcoin spot ETF will be approved in the United States this year. The SEC may approve a spot Bitcoin ETF before or around the same time as the court ruling. The Purpose Bitcoin ETF, a physically settled BTC exchange-traded fund on the Toronto Stock Exchange in Canada, holds 24,705 BTC, a new high this year. Analysts believe that the trend may indicate that investor confidence is recovering and there is a new interest in buying BTC through spot ETFs. The Financial Services Agency (FSA) of Japan has established a partnership with the Monetary Authority of Singapore (MAS) to conduct joint supervision and pilot testing of cryptocurrency projects. DBS Bank, JPMorgan Chase and SBI Digital Asset Holdings have conducted foreign exchange and government bond transactions for liquidity pools consisting of tokenized Singapore Government Bonds, Japanese Government Bonds, Japanese Yen (JPY) and Singapore Dollar (SGD).

Unshackled Ventures' third fund has raised $35 million and has begun investing in the Web3 field. Analysis company CryptoQuant said: In the past two weeks, more than 33,860 BTC were sent to derivatives exchanges, most of which were withdrawn to proprietary wallets, and 8,000 BTC were reduced from miners' reserves. A survey by Payft France showed that one in five French workers wanted to receive all or part of their wages in the form of cryptocurrency, and 31% of young respondents aged 18 to 35 said they "favored" receiving wages in the form of cryptocurrency.

Crypto service provider Matrixport reported that investors who are bullish on BTC are preparing for a "seasonal surge". In the past decade, BTC has averaged an increase of more than 11% in July, with positive returns 7 times. The returns in July in the past three years were around 27%, 20% and 24% respectively. July is often strong, August is mediocre, and September is a sell-off. It is expected to rebound to $35,000, then sell off and fall back to $30,000, and BTC is predicted to end the year at $45,000. Hong Kong Councillor Wu Jiezhuang: Hong Kong's virtual asset rating agency Hongkongvac HKVAC announced the calculation method of the virtual asset index, which announced a virtual asset rating index composed of 30 currencies. Virtual asset ratings are of certain importance to the development of the industry and have brought important benefits to the development of virtual asset transactions in Hong Kong. Welcome industry friends around the world to give opinions on ratings and indexes, and I will convey them to relevant institutions. Michael Shaulov, co-founder of institutional custody platform Fireblocks, said: Spot Bitcoin ETF will deliver new institutional funds to BTC, and it will be retail investors who will ultimately drive Bitcoin prices up sharply.

Today, the heads of the four major central banks of the Federal Reserve, Europe, the United Kingdom, and Japan gathered at the European Central Bank seminar. Powell was hawkish and stressed that the Federal Reserve will maintain a tight stance as long as necessary; the possibility of taking action at consecutive meetings is not ruled out; the policy is contractionary, but not tight enough. Powell also said: The Federal Reserve must "watch and wait" for the lag in policy transmission, which is not clear at present; it is appropriate to slow down the pace of interest rate hikes. A series of data released this week showed that the US economy is exceeding expectations, consumer confidence has reached its highest level since the beginning of 2022, and it has shown resilience to the Fed's tightening actions. Federal Reserve data showed that the monthly supply of M2 (broad money supply) in the United States in May was 0.6%, the first growth since July 2022. It seems that the economy has recovered and inflation has declined. Last month, the overall CPI fell from 4.9% to 4.0%, and the core CPI was still high at 5.3%. The Federal Reserve is in a calibration mode for interest rates, the economy, and inflation. Morgan Stanley believes that the first negative growth in non-agricultural production may occur in August or September. Powell also said that the labor market is cooling in the way the Fed wants, and the weakness in the labor market makes the future full of hope. UBS expects the Fed to cut interest rates faster than the European Central Bank, and the Fed will cut interest rates for the first time in December.

There is no change in the above. The market has accepted the July rate hike, but since the economy has also exceeded expectations, there is not much fear of the next rate hike. MicroStrategy increased its position at this time, buying 12,333 BTC for $347 million, with an average price of $28,136. MicroStrategy's stock price has rebounded from a low of $132 to $325. According to the personality of the founder, he is good at pledging stocks in exchange for BTC, and the stock price rebound will help him pledge more. His 152,333 BTC, with an average price of $29,668, did not run in the last cycle, and now he has recovered his investment. Matrixport, owned by Wu Jihan, predicts that the price of Bitcoin will be $35,000 in July, on the grounds that the average increase in Bitcoin in July in the past 10 years was 11%. His other company, BitDeer, also saw its stock price rebound from a low of $4.6 to $10.4. As the economy begins to recover, the influence of the hawkish trend at the end of the rate hike is gradually weakening until the transition to the end of the rate hike and the rate cut, completing the bull-bear crossing. #BinanceTournament #feedfeverchallenge #BRC20