BlockBeatNews

> TL;DR
> · In early June, Bitcoin fell to around $65,500 over two days, and the crypto market cap briefly shed about $200 billion.
> · Strategy sold 32 BTC for roughly $2.5 million; judging by trading volume on major exchanges, it’s hard to explain the sharp drop.
> · Combined effects from consecutive ETF outflows, Mt.Gox transfers, and leveraged long liquidations have kept any rebound under pressure from diverted capital.
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In early June, Bitcoin briefly dropped below $66,000 and retreated by about 10% within two days. The market quickly turned its attention to Strategy, led by Michael Saylor. The reason given was that the company sold 32 bitcoins in late May. However, in terms of scale, this roughly $2.5 million sale is even less capable of explaining the magnitude of the drop.

BlockBeats reported that ddotaek, after repeatedly getting rugged in the Solana MEME market, shifted to the BNB chain, saying the BNB ecosystem better supports builders and long-term projects, and listed advantages such as no rug pulls, no wash trading, and clean launches. TCC donated 10 million tokens to GiggleAcademy. CZ liked the post; after TCC’s market cap briefly broke through $72 million, it fell back to about $54 million. Previously, the Giggle token had gained CZ’s public approval through donations, and its market cap once reached over $100 million. CZ said it changed his view on MEME, but emphasized that this is not an official issuance, warning token holders to beware of selling pressure. BlockBeats reminds that many MEME coins have no real use cases and are highly volatile—invest cautiously and avoid FOMO.

BlockBeats news, July 6, according to Ultrasound.money data, Ethereum's net supply increased by 83,550 in the past 30 days, Ethereum's total supply has reached 121,838,278 ETH, and the supply growth rate is currently 0.835% per year.

According to the Kobeissi Letter, AI capital expenditures by Alphabet, Amazon, Meta, Microsoft, and Oracle are projected to account for approximately 3.2% of U.S. GDP by 2027, potentially surpassing defense spending for the first time; this spending is expected to exceed $800 billion in 2026 and rise to $1.1 trillion by 2027, indicating that AI spending is reshaping the U.S. economy.

BlockBeats reported on July 5 that, due to the US Independence Day holiday and the weekend market closure, Trade.xyz uses perpetual contracts to enable continuous trading and real-time pricing, and to price in the Monday US stock and Korean stock market trends in advance. Over the weekend, several popular US stock targets were up or down by varying degrees compared with Thursday’s after-hours close. Samsung Electronics and SK Hynix in South Korea both rose over the weekend.

BlockBeats news, July 5 — SK Hynix’s $29 billion listing in the U.S. stock market next week could become the largest initial public offering by a foreign company in history, but it’s not just about raising capital. More importantly, it aims to compete in the hottest area in global stock markets right now: memory chips used for AI computing. Daniel Morgan, senior portfolio manager at Synovus Trust, which holds Micron stock, said the market is in a period of extreme euphoria for chip stocks, and this is a good time to let U.S. investors participate in the stock.

Zhou Di, portfolio manager at Thornburg Investment Management, which holds SK Hynix stock, said the offering is targeted at investors who currently cannot access the South Korean stock market. SK Hynix is

TF International Securities analyst Ming-Chi Kuo said the foldable iPhone may follow the same script as the iPhone X, launching at the same event but with pre-orders and shipping dates arriving later, and supply constraints could persist until the end of 2026. If the price is between $2,300 and $2,500, demand could still hold through the end of the year; once pre-orders open, it may sell out quickly, with shipping times potentially extending to 4-6 weeks or more. Initial scarcity, high visual distinctiveness, and innovative experience could also drive up short-term resale prices, with a premium of 50%–100% not out of the question.

George Gonçalves, Head of US Macro Strategy at Mitsubishi UFJ Securities Americas, said that Washington’s concise style makes the June Federal Reserve meeting minutes carry more weight, making it easier to observe differences and the points officials focus on. The minutes will be even more important in the future because it is still unclear what the Fed is thinking; some investors have questioned Washington’s “hands-off” approach and want greater transparency, but the market still has doubts about the reduced information, and for now can only read between the lines.

BlockBeats Daily reports that a shortage of high-power cylindrical batteries/BBU cells could become a bottleneck for data centers. Samsung SDI supplies cells to Simplo, which assembles them into BBUs for Meta, Amazon, and others. Rising demand from data centers is boosting production; however, Panasonic and Samsung SDI still face shortages. Beneficiaries may include Samsung SDI, Panasonic Energy, Murata, and LG Energy Solution, with Samsung and Panasonic being the most directly impacted. U.S. stock-related targets are limited; Vertiv and Eaton could be worth watching, but shortages do not equate to a massive TAM.

In its July Weekly Economic Report, Citi stated that the June nonfarm payrolls increased by only 57k, with the previous two months revised up by 74k. The decline in the participation rate led to a lower unemployment rate; if the participation rate remained unchanged, the actual unemployment rate would exceed 4.5%. Falling oil prices and slowing rents will lower core CPI/PCE, and the year-over-year growth rate of core PCE may be revised down by 20–30 basis points. Based on this, Citi expects the Fed to hold rates steady in July and September, cut by 25 basis points for the first time in October, and cut again in December, bringing the year-end rate to 3.0%–3.25%; three more cuts in 2027 would lower rates to 2.75%–3.0%.

BlockBeats reported on July 5: the Ethereum Foundation has provided Argot with 2,469 stETH, approximately equivalent to $4.34 million. Last year, it provided a three-year grant of 7,000 ETH. Argot sold part of the ETH at an average price of about $3,194 per ETH, raising approximately $15.417 million. This is the 4th year of funding for Argot. Next year in July, it will also receive the final tranche of the same-sized funding for its 5th year, which has already been transferred to the Argot address.

BlockBeats news, July 5. Strategy founder Michael Saylor once again released information related to the Bitcoin Tracker. He also said, “Bitcoin is digital energy.”

According to previous patterns, Strategy always discloses information about increasing/adding to Bitcoin holdings the day after releasing such news.

BlockBeats reported that a suspected insider address monitored by Ai Yi built a position when CZ's market cap was at a low of approximately $150k and has now begun selling. Address 0xf34…fddee bought about 150k CZ yesterday at $756.8, with a cost of about $0.0001481 per token; 10 minutes ago, it sold 25% of its holdings at $0.06853 per token, netting a profit of about $87k, with a cumulative profit of approximately $374k and a return rate of about 49,421%.

According to on-chain analyst Ai Yi, Meme coins remain the key driver of public chain data growth. Solana's 7-day active addresses increased 38% year-over-year to 31.38 million, transactions rose 9.8%, and fees surged 38%, leading among major public chains. Influenced by CZ's reply, today's BSC Meme coin trading activity has heated up, and it is predicted that tomorrow's BSC on-chain data will also perform well.