📊 Gate Square Daily | June 26



🔹 Market Update
Bitcoin (BTC) slipped below the $60,000 mark, currently trading at $59,851, down 1.7% over the past 24 hours. The decline triggered approximately $600 million in long liquidations across the crypto market.

🏦 Institutional Moves
Strategy's common stock fell below $90 for the first time since February 2024. Meanwhile, its preferred stock STRC dropped below $76 intraday—down 24% from its $100 par value—marking a new all-time low closing price.

📈 Macro Update
The U.S. May Core PCE inflation reading rose to 3.4% year-over-year, reaching its highest level since October 2023, reinforcing concerns about persistent inflationary pressure.

🚀 Industry News
A pullback in SpaceX shares has raised fresh concerns about the IPO market. At the same time, OpenAI is reportedly leaning toward delaying its public listing until next year.

📉 TradFi News
U.S. AI-related stocks experienced broad selling pressure, with Atlassian dropping more than 8.38%. In Asia, South Korea's stock market fell 5%, triggering a circuit breaker, while SK Hynix declined 6% amid the market-wide selloff.

Stay informed with Gate Square Daily for the latest developments across crypto, macroeconomics, and global financial markets.
BTC-2.96%
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Gate Square Daily | June 26
1️⃣ Market Update: BTC breaks below $60,000, trading at $59,851, down 1.7% in 24 hours — triggering approximately $600M in long liquidations across the market.
2️⃣ Institutional Moves: Strategy's common stock falls below $90 for the first time since February 2024; preferred stock STRC drops below $76 intraday, down 24% from its $100 par value and hitting an all-time low closing price.
3️⃣ Macro Update: US May core PCE rises to 3.4% year-over-year, the highest reading since October 2023.
4️⃣ Industry News: SpaceX's stock pullback raises red flags for the IPO market, as OpenAI leans toward pushing its listing to next year.
5️⃣ TradFi News: US AI stocks broadly sell off, with Atlassian dropping over 8.38%; South Korean markets plunge 5%, triggering a circuit breaker, with SK Hynix falling 6%.
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