Strategy is the world's largest publicly traded Bitcoin holder and the creator of the once phenomenal positive spiral of Bitcoin, but now it shows signs of entering a death spiral.

Kalshi is in early planning for a potential initial public offering but does not expect to pursue it in 2026, CEO Tarek Mansour said in an interview. According to Foresight News, CNBC monitoring reported Mansour’s comments on the prediction market platform’s IPO considerations. Mansour said discussions about entering public markets are important for the company at its current stage of growth. He also said the company is taking steps to curb insider trading, emphasizing the importance of maintaining market integrity.

On Jun 24, 2026, 14:20 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 61,000 USDT and is now trading at 60,968.050781 USDT, with a narrowed 2.95% decrease in 24 hours.

WTI fell below $70 a barrel as more tankers crossed the Strait of Hormuz and signs of progress in US-Iran peace talks eased concerns about an immediate supply crunch, according to Bloomberg.

TDC NET A/S won $12 million in compensation from the Danish state after a court ruled that an order forcing the company to drop Huawei Technologies Co. equipment amounted to expropriation, according to Bloomberg.

Japan plans to improve how it manages its $1.3 trillion in foreign exchange reserves, according to a draft of the country’s growth strategy report. According to Jin10, the draft indicates the government intends to strengthen the management of these reserves.

David Eng said Bitcoin is about 20% undervalued, putting its fair value near $76,400. According to NS3.AI, analyst Rekt Capital also projected that the current bear market is approximately 71% complete. The comments present valuation and market-cycle estimates for Bitcoin, with Eng focusing on a fair-value level and Rekt Capital offering a percentage-based view of how far the bear market has progressed.

Litecoin (LTC) may be nearing a cyclical bottom and could outperform the broader crypto market ahead of its fourth reward halving around July 27, 2027, according to CoinDesk, citing a historical pattern of LTC bottoming 6-12 months before prior halvings. LTC bottomed near $40 in late June 2022, rallied to about $114 by July 2023, then slipped toward $80 into the Aug. 2, 2023 halving; it also rose more than 40% in November 2022 during FTX’s collapse. Separately, LitVM has processed over 63 million transactions since an April testnet launch, with total wallets above 4.4 million.

Standard Chartered said tokenized assets moving into decentralized finance (DeFi) could drive deposits into Aave and support the protocol’s efforts to rebuild its position as a dominant onchain lending platform. According to Cointelegraph, the bank linked the potential shift of tokenized assets into DeFi with increased deposit activity on Aave, suggesting that such flows could strengthen the protocol’s standing in onchain lending markets. The remarks frame tokenization as a possible catalyst for renewed growth in DeFi lending, with Aave positioned as a key venue for deposits if more real-world and other tokenized assets begin interacting with decentralized protocols. Standard Chartered’s comments focused on the relationship between tokenized assets and DeFi adoption, emphasizing that greater participation by tokenized assets could translate into higher deposits for Aave. The bank said this dynamic could help Aave rebuild its position as a leading onchain lending platform, implying that deposit growth would be an important factor in restoring dominance. The statement did not provide specific figures, timelines, or additional details beyond the expectation that tokenized assets moving into DeFi could contribute to deposit inflows and improve Aave’s competitive position in decentralized lending.

SoftBank CEO Masayoshi Son said that if Tokyo Electric Power Company joins the group, an artificial intelligence data center would be built in Japan. According to Jin10, Son made the remarks while discussing the potential involvement of Tokyo Electric Power Company in the group.

Bitcoin fell toward $62,000 on Wednesday as a second consecutive day of heavy selling in semiconductor stocks kept pressure on risk assets globally — extending what has become the broadest and most sustained institutional exit from the asset since spot ETFs launched in January 2024.The Selloff: Five Percent Down on the Week, Everything RedBitcoin traded around $62,546 — down 2.1% over 24 hours and 4.9% on the week — sliding back toward the lower end of the range it has held all month. The selling was steep across the board. Ether dropped 3.7% to $1,661 for a 7.2% weekly loss. XRP fell 2.2% to $1.10, down 9.3% on the week. Solana lost 3.3% to $69. Dogecoin slid 9.8% over seven days. Hyperliquid's HYPE was the worst performer — down 8.8% on the day and 18.6% on the week to approximately $61, giving back a significant portion of its extraordinary 143% year-to-date gain. Tron was the rare outlier, up 3.7% on the week.The Driver: Semiconductor Stocks in FreefallThe pressure came from the same source as Tuesday. The Philadelphia Semiconductor Index fell 7.9% — with all 30 members declining — as Micron, Marvell, and On Semiconductor, each of which had more than doubled in 2026, led the drop. The selloff pulled the S&P 500 down 1.4% and the Nasdaq 100 down 3.3%. An attempted rebound in Asian chip stocks failed to hold Wednesday, with Taiwan Semiconductor falling more than 3%.The semiconductor selloff is not a narrow sector rotation — it is a fundamental reassessment of whether AI spending will generate the returns needed to justify the extraordinary valuations that have been assigned to the companies building AI infrastructure. Micron's earnings Wednesday evening will be the week's most direct test of that question: the company is expected to report $19.72 per share on $34.5 billion in revenue, and its guidance on high-bandwidth memory demand will be read as a real-time signal of AI capex health.The Offsetting Force: Oil Keeps FallingThe other half of the macro picture continues to move constructively. Brent crude slipped approximately 1% toward $76 per barrel as tanker traffic through the Strait of Hormuz became more visible following the US-Iran interim peace deal — concrete evidence that the Hormuz reopening is translating into actual oil flow normalization rather than remaining a headline without physical market impact. The dollar climbed to a seven-month high as investors moved toward safer assets, consistent with the risk-off FX configuration that has been building all week.The Record That Matters: $6 Billion in 30-Day ETF OutflowsThe crypto-specific signal sits in the fund flows. US spot Bitcoin ETFs have now seen a record 30-day net outflow of more than $6 billion — the largest since the products launched in January 2024 — which tx co-founder Mike McCluskey described as "sustained institutional de-risking by the same buyers that drove this cycle." Until those flows clearly reverse, McCluskey said, relief rallies are likely to hit a hard ceiling. The same institutional capital that created the demand flywheel driving Bitcoin from $40,000 to $126,000 is now the primary source of selling pressure.McCluskey described Bitcoin's stabilization in the low-to-mid $60,000s as a measured response to the Fed's hawkish turn — noting that given how hard such monetary shifts usually hit digital assets, the relative floor-holding has been more resilient than historical precedent would predict. That resilience is consistent with the structural accumulation signals that have been building throughout June — Glassnode's Accumulation Trend Score at 1.0 for weeks, 79% of supply in long-term holder hands, and 259,000 BTC net accumulated between $59,000 and $67,000 — but resilience in accumulation does not override the absence of institutional buying.Friday's $10.6 Billion Options ExpiryMcCluskey flagged Friday's Deribit options expiry as an additional variable, with approximately $10.6 billion in notional value set to expire at month-end. Nearly 80% of the open positions are currently out-of-the-money — worthless if they expire at current prices — clustered around a $60,000 put and an $80,000 call.The $60,000 put concentration makes that level less a price magnet and more a gauge of how stretched positioning has become on the downside. The fact that 80% of positions are already out-of-the-money removes some of the mechanical pressure that would otherwise accompany a concentrated options expiry — there are fewer delta-hedging flows needed from market makers when most contracts are already worthless. But the $60,000 level itself remains a real technical and psychological line that has already been tested once this month and will be watched closely as Friday's expiry approaches.The Macro Equilibrium: Pinned Between AI and IranBitcoin sits exactly where it has been all week — pinned between a sinking AI trade and an easing oil picture, holding above the $60,000 floor that has defined June but with limited upside catalysts while the institutional bid stays absent. Thursday's core PCE release is the last major scheduled catalyst before Friday's options expiry and month-end close. A soft reading could provide the macro relief that allows the accumulation signals to translate into price recovery. A hot print would validate the hawkish dot plot and bring the $59,000 Wintermute support level into active focus.

Nearly 100 Catholic leaders and four US law enforcement groups have opposed a key part of the CLARITY Act, warning it could weaken efforts against human trafficking and crypto crime. The growing backlash has added pressure on the bill ahead of a Senate vote.

MoonPay has acquired AI accounting start-up Entendre to expand beyond crypto payments and automate back-office financial operations.

A New York man was jailed for 15 months after using fake Telegram accounts to steal more than $1.4 million in a crypto scam. He promised staking rewards, never invested the funds, and authorities recovered most of the money.

Scammers are using fake GTA 6 websites to trick gamers into sending cryptocurrency for non-existent early access downloads. The sites imitate official stores, charge around $250, and leave victims with no way to recover their money.

Prediction market platform Kalshi has added India to its list of restricted jurisdictions, expanding its blocked regions to a total of 55, according to an updated members’ agreement released on Wednesday.

A warning from Binance co-founder Yi He about an alleged impersonator has escalated into a broader controversy involving crypto derivatives exchange CoinUp, highlighting how quickly reputation battles can spread across the industry.

Google is supporting AI startups, including those founded by former employees, with up to $350,000 in cloud credits, technical guidance and access to its infrastructure without taking equity.

A New York attorney is pressing a state judge to force an anonymous plaintiff to reveal their identity in an extraordinary case seeking legal ownership of roughly 3.8 million Bitcoin, including coins associated with Bitcoin’s pseudonymous creator Satoshi Nakamoto.

South Korea is moving its Project Hangang digital currency from testing into real banking and payment systems, including government use. Banks support the idea but warn it will be costly and require major system upgrades.