Welcome to the US Cryptocurrency Morning Briefing. We'll briefly summarize today's key cryptocurrency developments. Prepare your coffee as MicroStrategy (currently Strategy) makes another bold move with Bitcoin (BTC), additionally purchasing approximately $532 million worth, bringing their total holdings close to 600,000 BTC.
With the company now more likely to be historically included in the S&P 500, and Bitcoin's year-to-date returns reaching nearly 20%, this could be a critical moment for corporate cryptocurrency adoption.
Strategy Acquires 4,980 BTC... Aiming for S&P 500 Entry
MicroStrategy further deepened its confidence in Bitcoin by newly acquiring 4,980 BTC for $531.90 million. The purchase was made at an average price of $106,801 per coin, increasing the company's holdings to 597,325 BTC.
According to the company's board chairman Michael Saylor, these were purchased at a total cost of $42.4 billion. The average Bitcoin price is $70,982, with Strategy's year-to-date Bitcoin yield reaching 19.7%.
[Rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English]However, since most funds are equity-based rather than debt, the contagion risk is limited. But a few using excessive leverage for rapid Bitcoin accumulation could trigger a domino effect.
Today's Chart
This chart shows the cycle of a cryptocurrency market crisis. As Bitcoin price drops, it leads to forced liquidations, refinancing issues, and market panic, causing further price declines and contagion.
Today's Key News
Here's a summary of today's notable US cryptocurrency news:
- Metaplanet has expanded its holdings to 13,350 BTC, becoming one of the top five public holders.
- Generation Z is losing trust in fiat currency. AI-driven job losses are reshaping career paths and economic security.
- According to on-chain data, Bitcoin price recovery may soon face headwinds. Selling pressure from miners and long-term holders (LTH) threatens the coin's recent rise.
- ARB price is today's top-performing token. It has risen over 16% today with increasing speculation about a potential partnership with Robinhood.
- Is Bitcoin's institutional boom a bubble? Experts warn of bearish market risks.
- Bybit's Byreal testnet launches today, June 30th. It offers a hybrid DeFi experience combining CEX speed and DeFi transparency.
- Pi Network has increased accessibility with two new additional features. However, PI coin's price continues to fall.
- XRP whales have accumulated over 610 million XRP, worth $1.33 billion. This indicates confidence in the asset's long-term potential despite volatility.
- Cryptocurrency inflows surged to $2.7 billion last week, continuing an 11-week growth streak, with BTC leading at $2.2 billion.
Cryptocurrency Stock Pre-Market Overview
| Company | Closed on June 27 | Pre-Market Overview |
| MicroStrategy (MSTR) | $383.88 | $389.38 (+1.43%) |
| Coinbase Global (COIN) | $353.43 | $357.29 (+1.09%) |
| Galaxy Digital Holdings (GLXY) | $27.38 | $26.83 (-2.00%) |
| MARA Holdings (MARA) | $15.03 | $15.23 (+1.33%) |
| Riot Platforms (RIOT) | $10.55 | $10.74 (+1.80%) |
| Core Scientific (CORZ) | $16.65 | $16.93 (+1.68%) |
