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Svmuu News: Alex Thorn, Director of Galaxy Research, stated that the capital management reforms recently introduced by Michael Saylor’s Strategy (MSTR) have effectively alleviated short-term market concerns regarding its liquidity and preferred stock structure, but these measures are more about “buying time” than fundamentally resolving structural issues.
Over the past few weeks, Strategy has faced pressure on its “digital credit” system for preferred shares, with STRC (“Stretch” preferred shares) briefly falling below par value to a low of approximately $71.25, sparking market concerns about declining BTC prices, shrinking U.S. dollar reserves, and the company’s ability to pay preferred share dividends.The market subsequently focused on three potential stress scenarios: selling “Bitcoin,” issuing additional MSTR shares to dilute shareholders, or cutting or suspending preferred stock dividends.
In response, Strategy announced a comprehensive capital management restructuring on Monday, introducing a “Digital Credit Capital Framework” comprising five key tools: a board-approved U.S. dollar reserve policy, adjustments to the STRC dividend mechanism, a $1 billion authorized repurchase program for preferred shares, a $1 billion authorized repurchase program for MSTR common stock, and a monetization mechanism for “.”At the same time, the company raised the annualized dividend yield on STRC from 11.5% to 12%.
The market reacted positively, with both MSTR and STRC rising sharply that day, and Bitcoin also rebounding.
Alex Thorn noted that this adjustment improved market sentiment in the short term, allowing Strategy to extend its cash coverage period to approximately 17 months and enhance its capital buffer through additional financing. However, the company still faces pressure from approximately $6.7 billion in convertible bonds maturing in 2027–2028,and long-term structural risks persist. The core issue is not whether Strategy holds sufficient BTC (approximately 847,000), but rather that its U.S. dollar liquidity is insufficient to cover its preferred stock and capital structure obligations without harming the interests of any party, thereby leading to a conflict of interests among various shareholder groups.
However, the key significance of this adjustment lies in enhancing the “flexibility” of the company’s capital instruments, shifting it from a unidirectional BTC accumulation strategy to a more proactive asset-liability management model, thereby preventing short-term liquidity issues from escalating into a systemic crisis.Although the current Bitcoin market environment remains weak and may not yet have bottomed out, Strategy’s new framework has, to some extent, bought the company a window of time, allowing it to wait for more favorable market conditions.

Svmuu News: Kalibaf, Speaker of the Islamic Parliament of Iran, stated today that the Strait of Hormuz should be jointly managed by Iran and Oman. Kalibaf made these remarks during a meeting with Haibat al-Halbusi, Speaker of the Iraqi Parliament. Discussing the management of the Strait of Hormuz, Kalibaf noted that a recently signed memorandum of understanding with the United States stipulates that the Strait of Hormuz should be jointly managed by Iran and Oman. He said Iran is seeking the views of Persian Gulf coastal states, including Iraq, on this matter. (Xinhua News Agency)

Svmuu News: Tobias Adrian, Director of the Monetary and Capital Markets Department at the International Monetary Fund (IMF), stated that as assets migrate to shared digital ledgers, policy choices regarding the monetary system, market infrastructure, and legal frameworks will determine whether tokenization ultimately strengthens the financial system’s integration or leads to its further fragmentation.
The tokenized economy is giving rise to three categories of settlement assets: tokenized bank deposits, stablecoins, and tokenized central bank reserves. Tokenization is not merely about faster payments or the programmability of assets; it involves migrating financial assets and liabilities to a unified ledger, compressing execution, clearing, and settlement into a software-driven, synchronized process. This transformation may also shift risks from the balance sheets of traditional intermediaries to platforms, code, and infrastructure providers. (The Block)

According to PPP’s prediction market monitoring, in the Polymarket prediction event “2026 World Cup Round of 16: Colombia vs. Ghana,” the account “hot2trot” (address: 0xb61b2079b95f6b7476fd3203e0274ffb93308a06), with total profits of nearly $1.16 million, purchased over $130,000 worth of “Colombia to advance,” at an average entry price of 65¢ per share, with 190,431.3 shares purchased, and currently holds a paper profit of $6,665.
The knockout stage match between Colombia and Ghana will take place at 9:30 a.m. Beijing Time on July 4. Ghanaian defender Opon may miss the match due to an undisclosed injury. Colombia has returned to the World Cup knockout stage for the first time in eight years, scoring four goals and conceding only one throughout the group stage. Ghana boasts talented players such as Manchester City star Semenyo, Atalanta’s speedy Suleimanna, the recently naturalized Iñaki Williams, and Leicester City’s rising star Fatawu; however, they rely too heavily on individual ability. This match will determine the final team to advance to the Round of 16 in this World Cup.
Svmuu Seer continues to monitor the prediction markets, spotting shifts before prices are set.

Svmuu News: According to market reports, South Korean media outlet Chosun has revealed that several South Korean companies (including Samsung Electronics) have expressed confusion over the list of “more than 140 partners” recently announced by OUSD as part of its alliance.
The companies involved stated that they “had not received any formal communication or consultation” prior to the announcement and said they were “unclear about the role they would play in the alliance.” This incident has raised questions about the authenticity of the OUSD alliance members and the transparency of its cooperation mechanisms; so far, the parties involved have not issued any further public responses.

Svmuu News: Serenity has published an exclusive analysis of the AI ASIC market on the X platform, putting forward the core argument that “NVIDIA” is the “kingmaker” of the ASIC market. It presents a set of industry projections, suggesting that NVIDIA CEO Huang Renxun is not keen to see Broadcom monopolize the custom ASIC sector, and that companies such as Marvell,MediaTek, AlChip, GUC, and other manufacturers are steadily capturing market share originally held by Broadcom—with implicit support from the NVIDIA ecosystem—and taking on more custom chip projects for hyperscale cloud providers. This landscape is analogous to the rise of emerging cloud service providers last year, serving as a key strategy for NVIDIA to hedge against the moat created by top cloud providers’ in-house ASICs.
Serenity notes that this may present a two-year investment opportunity, though this does not constitute investment advice; it also forecasts that after 2030, major companies such as Google will bring a significant portion of their chip design work in-house. It adds that NVIDIA has the potential to reshape valuations across the industry chain, noting that the market had previously anticipated that Marvell could reach a market capitalization of one trillion.

Svmuu News: 10x Research published an analysis noting that stronger-than-expected U.S. employment data caused temporary price volatility in Bitcoin,and ETF outflows also intensified selling pressure. However, active buying by long-term holders helped establish price support, while the weak jobs data pushed back expectations for the next interest rate hike from October 2026 to December, providing some support for Bitcoin’s short-term performance.10x Research added that historical data shows July has consistently been a strong month for Bitcoin, with an average gain of 9.1%, but the market typically enters a volatile phase from August to September, and September could mark the low point of this cycle, Bitcoin The recent rebound from $58,500 to $61,500 may be presenting traders with new entry opportunities.

Svmuu News: In response to media reports that Meta CEO Mark Zuckerberg told employees during an internal meeting that AI agent development over the past four months had not “accelerated at the pace we expected,” Meta’s Chief AI Officer Alexander Wang posted a response clarifying that Zuckerberg was referring to the industry’s overall progress in intelligent agent capabilities, not Meta specifically. He also revealed that Meta is set to release a new round of Muse Spark updates, which will significantly enhance the model’s programming capabilities and intelligent agent capabilities, enabling it to compete more effectively with industry-leading models. These updates will be rolled out gradually to Meta AI and the new API platform.

Svmuu News: According to official data released by the CME Group, its average daily volume (ADV) in June set a new record of 30.6 million contracts, representing a 19% year-over-year increase; second-quarter trading volume reached 29.8 million contracts, marking the second-highest level on record.
In the cryptocurrency sector, CME Group’s average daily trading volume for cryptocurrency futures contracts in June rose 76% year-over-year to 334,000 contracts, with a notional value of approximately $10.7 billion. Among these, the average daily trading volume for micro Bitcoin futures contracts increased by 46% to 77,000 contracts;In the second quarter, the average daily trading volume of cryptocurrency futures contracts reached 250,000 contracts, a 32% year-over-year increase, with a notional value of approximately $13.7 billion. Among these, the average daily trading volume of Ethereum futures contracts increased by 10% to 18,000 contracts.

1. Due to the risk of backdoors being implanted, Alibaba has completely banned the use of Claude Code internally;
2. Citigroup: As the crisis in the Strait of Hormuz subsides, oil prices may fall to $60 per barrel;
3. A newly created wallet deposited 1.995 million USDC into HyperLiquid and opened a long position in gold worth $9.74 million with 5x leverage;
4. A newly created wallet withdrew 733 BTC, worth $45.18 million, from Binance;
5. Greeks.live: 31,000 BTC options and 135,000 ETH options are set to expire, with a combined notional value of $2.13 billion;
6. Binance: The effectiveness of MiCA should be measured by the number of crypto companies incorporated into the regulatory framework;
7. With a paper profit of $5 million, a whale shorted $9.58 million worth of ESPORTS on Aster at 1x leverage;
8. The Central Bank of Brazil has subjected crypto VASPs to the same regulatory requirements as securities brokers;
9. South Korea, in partnership with Samsung, SK, and other companies, has launched a 312 trillion won investment plan focused on the semiconductor and aerospace industries;
10. Binance: The platform’s assets under management have exceeded $1 billion.