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%.
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%.
