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6/25
11:54
Svmuu News: According to an official announcement, Coinbase will list Cap (CAP).
11:46
Svmuu News: TD Cowen analysts say that if SpaceX is unable to reach a network-sharing agreement, it may accelerate the expansion of its wireless business by acquiring T-Mobile. The existing partnership between T-Mobile and Starlink aligns strategically. While this scenario is purely speculative, it highlights the growing competitive pressure SpaceX is facing in the telecommunications industry. (Jin Shi)
11:30
Svmuu News UBS Analysts stated in a research report that Micron’s long-term contracts with customers are robust enough to weather any market downturns for at least the next few years.Investors may worry that these contracts could be undermined if the market slows, but the minimum prices are set low enough that it won’t be until 2029 at the earliest—and more likely 2030—before sufficient supply comes online to break the price floor and prompt customers to consider defaulting.
UBSAnalysts note that Micron has also received cash prepayments from customers, which could ultimately total close to $40 billion to $50 billion—a solid buffer against potential contract breaches should conditions deteriorate. (Jin Shi)
11:24
Svmuu News: According to Gate data, New York gold futures rose above $4,050 per ounce, up 1.03% on the day. Spot gold rose by about $30 in the short term, briefly breaking through $4,040 per ounce, up 0.98% on the day.
11:18
Svmuu News: According to Onchain Lens, two newly created wallets—possibly belonging to the same whale—deposited $8 million into Hyperliquid to open a 20x leveraged long position on Bitcoin. The position currently holds 400 BTC, with a value of $23.5 million.
11:08
Svmuu News: The stablecoin apxUSD, backed by STRC and other preferred shares, has fallen to approximately $0.78, a 22% decline. As Bitcoin briefly dipped below $60,000, the decline in collateral value caused the stablecoin to lose its peg.
11:05
Svmuu News: The blockchain IP project Story Protocol has announced its rebranding as the DATA Foundation, shifting its business focus from general intellectual property (IP) infrastructure to an AI training data network to address the rapidly growing demand for “licensable, traceable training data.”
This transition coincides with the launch of a new product, Trace, an on-chain AI training data registration and auditing system that generates verifiable on-chain “contribution certificates” for each data set. These certificates record the source, licensing terms, user consent, and payment information, helping AI model trainers verify data compliance and traceability. (The Block)
11:01
Svmuu News: S&P Global Energy reported on the 25th that a total of 78 vessels transited the Strait of Hormuz on the 24th, setting a record for the highest single-day transit volume since the outbreak of hostilities in Iran. The average daily number of vessels transiting the Strait of Hormuz this month has recovered to approximately 57% of pre-conflict levels.
The report noted that as of the 24th, a cumulative total of 551 vessels had transited the Strait of Hormuz this month, making it likely to be the month with the highest transit volume since the outbreak of hostilities. The report noted that vessels that have recently departed the Strait of Hormuz include not only those that had been stranded for a long time due to the conflict but also those that entered the strait recently, reflecting initial signs of normalization in shipping activity.
However, it remains to be seen whether the rebound in traffic through the Strait will be sustained, and relevant agreements still need to be further consolidated and implemented. (Xinhua News Agency)
10:59
Svmuu News: Jiang Zhuoer posted on X, stating that Strategy’s preferred stock, STRC, has significantly decoupled from its underlying asset, dropping to a low of approximately $73, reflecting a temporary wave of panic among U.S. stock market investors regarding Bitcoin (BTC)-related assets.Concerns about “systemic risk” (such as FUD) have been amplified in the market. Theoretically, Strategy could still raise funds by issuing additional common stock; however, in an environment where mNAV is less than 1, such an issuance would result in a decrease in the number of coins per share, constituting a “dilutive financing method” and thus considered a high-cost operation.
Jiang Zhuo’er added that Strategy has utilized this financing method multiple times over the past three weeks: in the first two weeks, part of the funds was used to purchase approximately 1,500 BTC, while in the third week, although the scale of the share issuance expanded, the volume of BTC purchased dropped to about 520 BTC, with most of the funds used to maintain STRC dividend payments.Based on this, it can be concluded that the company’s short-term strategy has clearly shifted toward “prioritizing STRC interest payments,” implying that the pace of BTC accumulation may slow significantly in the coming months or even halt temporarily.However, STRC is essentially preferred stock rather than a debt instrument, and there is no mandatory liquidation mechanism; Strategy’s overall debt-to-equity ratio is approximately 10%, and as long as BTC does not enter a prolonged, deep bear market, the probability of a “sudden default” is low.
10:57
Svmuu News: Arkham published an analysis noting that Strategy’s preferred stock, STRC, has clearly decoupled from its par value. It is currently trading at approximately $76.20, representing a discount of about 25% from its $100 par value. STRC is a perpetual preferred stock with an annualized dividend yield of approximately 11.5%. A total of approximately 104.89 million shares have been issued, corresponding to an annual dividend cost of about $1.2 billion. As of this Monday, Strategy held approximately $1.4 billion in reserve funds on its balance sheet.
Unlike the Terra (LUNA) mechanism, Strategy and its founder, Michael Saylor, do not face the structural risk of “forced liquidation.” The price of STRC reflects market expectations regarding the sustainability of future dividends rather than a forced liquidation mechanism. STRC dividend payments are not legally mandatory; therefore, if the financing environment deteriorates, the company may choose to suspend dividends, thereby avoiding a structural collapse similar to a “death spiral.”
The current decline in STRC is believed to stem primarily from market concerns regarding future financing capacity, the sustainability of dividends, and the opportunity cost of capital, rather than an immediate liquidity crisis.
Arkham noted that this mechanism does not directly threaten Strategy’s survival; however, in the long term, if high dividends rely on continuous capital market financing, it could affect the appeal of MicroStrategy’s common stock ($MSTR) to new investors.
10:49
Svmuu News: Iran has proposed charging tolls to its Gulf neighbors for passage through the Strait of Hormuz. Iran estimates that the Strait of Hormuz could generate $40 billion in revenue annually. (WSJ)
10:47
Svmuu News: According to on-chain analyst Yu Jin, following tonight’s decline in the crypto market, positions held by several ETH lending whales that are nearing the liquidation threshold are at risk of liquidation. The liquidation price for the first tier is $1,472, involving 72,700 ETH worth $114 million; The second liquidation tier has a trigger price of $1,355, involving 167,600 ETH held by whales who purchased ETH earlier this month, valued at $263 million; The third liquidation tier has a trigger price of $1,160, involving 120,000 ETH long positions held by Hyperliquid’s largest long position holder, valued at $188 million.
10:43
Svmuu News: According to market sources, with the Supreme Court having completed drafting its opinion, the ruling in the Federal Reserve. v. Cook case is expected to be announced next week. (Jin Shi)
10:40
Svmuu News: Ondo has announced the official launch of its 24/7 instant minting and redemption service for tokenized U.S. stocks and ETFs.Previously, the platform only supported a 24/5 (24 hours a day, five days a week) window for minting and redemption. With this upgrade, eligible users can now mint or redeem supported tokenized assets at current market prices at any time, including weekends and U.S. public holidays.The first batch of assets supporting 24/7 instant minting and redemption includes six tokenized stocks: SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon. These are currently available on Ethereum and the BNB Chain, with Solana support coming soon.
10:40
Svmuu News: On-chain analytics platform CryptoQuant stated that Strategy should stop buying Bitcoin and bolster its cash reserves.
U.S. stock market data shows that Strategy’s share price has fallen below the $90 mark and is currently trading at $89.9, with its market capitalization on the verge of dropping below $2 billion.
10:34
Svmuu News: On-chain security analyst Specter reported that a suspected phishing attack targeting Polymarket users is currently underway, with cumulative losses totaling approximately $2.94 million. According to his monitoring, the attacker has transferred funds from more than 11 victim wallets holding PUSD, converting the stolen assets into ETH. He also reminded users to be vigilant against phishing risks and noted that the incident is still being actively tracked.
10:32
Svmuu News: According to on-chain analyst Ai, BTC has once again fallen below $60,000,Garrett Jin, a representative of the “1011 Insider Whale,” has incurred a paper loss of $21.12 million on his 5x leveraged long position at Bitcoin. His 1,268.33 BTC were opened at $76,117,with a marked price of $59,466—a decline of 21.8%.
10:30
Svmuu News: According to Hyperbot data, due to a brief crash in the crypto market, Big Brother Ma Ji (Huang Licheng)’s 25x leveraged long position on Ethereum was at one point on the verge of liquidation,Big Brother Ma Ji has since begun adding to his position; he currently holds 151 ETH, with his unrealized loss narrowed to $5,000 and a return on investment of -52.86%.
10:26
Svmuu News: This evening, DeepSeek (DeepSeek) released a job posting stating that humanity is on the cusp of AGI, and inviting candidates to join DeepSeek to witness the development of AGI firsthand. The job postings indicate that available positions include full-stack development/algorithms, AI core system R&D, operations, product, model and data strategy product managers/engineers, deep learning researchers, and functional roles. Work locations include Beijing and Hangzhou.
Previously, several DeepSeek employees had appeared on social media platforms such as Xiaohongshu and X to recruit various types of talent, including HR@OneBigSnail and Cui Tianyi from the Harness team. Earlier, DeepSeek announced that it had completed a funding round exceeding $7 billion, with a valuation surpassing $50 billion. The funding amounts to approximately 50 billion yuan, of which Liang Wenfeng personally contributed 20 billion yuan. This large-scale hiring drive may signal that the competition for AI talent in China is intensifying further, and professionals in the AI field are now in high demand.
10:26
Svmuu News: According to data from 8MarketCap, due to a brief decline in Bitcoin, its market capitalization has slipped to 19th place in the global asset market capitalization rankings, currently standing at 1.186 trillion U.S. dollars. It is temporarily ahead of Berkshire Hathaway but trails Micron in the tech sector.

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