Global TradFi & Macroeconomics

According to Odaily Daily, Strategy's (MSTR) STRC preferred stock fell below $83 on June 18, marking its lowest level since listing in July 2025 and falling approximately 17% below its $100 face value target. The decline was driven by Bitcoin price weakness below $62,500 and Strategy's capital

According to Fox News, U.S. presidential envoys Whitcoff and Kushner have arrived at the negotiation venue, with talks potentially scheduled for Sunday. According to Iran's Mehr News Agency, Iran's Supreme Joint Military Command stated that the Strait of Hormuz will be closed to shipping due to

Strategy faces roughly $1.5 billion in annual preferred-stock dividend obligations against approximately $477 million in 2025 software revenue, according to Grayscale's head of research. The company sold 32 BTC for about $2.5 million in May, its first bitcoin sale since 2022, to fund preferred

According to Grayscale's head of research (LowBeta), Strategy Inc. faces a fundamental cash-flow problem: roughly $1.5 billion in annual preferred-stock dividends outpace its software business revenue of $477 million by more than three to one. In a podcast with journalist Laura Shin, the research he

According to CoinDesk, Strategy's dividend-focused preferred stock STRC fell below $100 par value in mid-May as the company's dollar cash reserves declined sharply. On May 15, Strategy repurchased approximately $1.5 billion in 2029 convertible bonds at an 8% discount, drawing down reserves used to s

According to Tasnim News Agency, Iran claimed on June 20 that the Strait of Hormuz has been closed.

Coinbase CEO Brian Armstrong proposed replacing U.S. accredited investor rules with a financial literacy test on Friday. Speaking on Yahoo Finance's Power Players podcast, Armstrong called the existing system 'outdated' and a 'regressive tax' that locks retail investors out of private market

On Friday during Yahoo Finance's Power Players podcast, Brian Armstrong, Coinbase CEO, called for a financial literacy test to replace U.S. accredited investor rules, labeling the current system as "outdated" and "regressive." Under existing rules, private placements are only available to

Morgan Stanley updated proposed Ethereum and Solana exchange-traded trust filings with a 0.14% annual sponsor fee and new staking details, according to amended S-1/A disclosures reported from SEC filing materials. The amended filings show the trusts would stake underlying assets, retaining 95% of st

Morgan Stanley has amended its proposed Ethereum and Solana ETF filings with a 0.14% annual sponsor fee, according to SEC filing materials. The updated S-1/A disclosures detail a staking structure where 95% of staking rewards would be retained inside the trusts for investors, while 5% would go to st

According to Jefferies this week, global financial markets surged following the US-Iran ceasefire agreement, as concerns over broader Middle East conflict eased. However, Jefferies strategist Christopher Wood stated in a report titled "The Art of Capitulation" that the firm does not expect the cease

Following the U.S. and Iran's agreement this week to reopen the Strait of Hormuz, the Australian government announced it will cut its temporary fuel tax relief in half. The subsidy, which has provided a AUD 0.32 per liter (approximately USD 0.22) reduction on petrol and diesel since March, will be r

According to KobeissiLetter, Intel stock surged approximately 9% on June 20 following Trump's announcement of support for domestic chip design and manufacturing in the U.S. The policy move signals backing for semiconductor industry investment. Analysts note that increased chip capacity allocation to

According to Globenewswire, on June 20, Lite Strategy, a Nasdaq-listed Litecoin treasury company, led a $1 million strategic investment in LitVM. The investment grants Lite Strategy governance participation rights and potential future token subscription opportunities. LitVM is a zero-knowledge

According to CNBC, California is bracing for a potential tax windfall as SpaceX and artificial intelligence companies like OpenAI and Anthropic move toward initial public offerings, though the actual scale remains uncertain. The state's Finance Department and Legislative Analyst's Office noted

Major technology companies are turning to debt markets to finance artificial intelligence infrastructure buildouts as cash reserves decline, making the sector newly sensitive to Federal Reserve interest rate policy. Fed Chairman Kevin Warsh held his first press conference on Wednesday, with the

According to Iraq's State Organization for Petroleum Marketing (SOMO) head Ali Nizar, two vessels are currently loading crude oil at the country's southern ports, but more ships must enter the Strait of Hormuz to sustain further production increases, Iraq 24 TV

According to Bloomberg, Iraq's state oil company has ordered five major oil fields to raise production above 3 million barrels per day following the US-Iran agreement aimed at reopening the Strait of Hormuz. A June 19 document shows Basra Oil Company directed operators of the Rumaila, West

According to BlockBeats, next week's markets will focus on U.S. economic data and earnings, with key reports scheduled for Wednesday and Thursday (Beijing time). Micron Technology (MU) will release quarterly earnings on Wednesday after market close, with revenue guidance of $33.5 billion and gross m

Ventuals (vHYPE) announced on June 15 that it was shutting down. The platform offered trading of private-company stocks such as OpenAI and Anthropic on Hyperliquid (HYPE), a decentralized exchange offering high-leverage perpetuals trading of cryptocurrencies, commodities, and tokenized stocks. The t