Four of Strategy's six convertible bonds ($3.2B notional) are still trading above par.
Even with MSTR trading around $85 (85% below ATH) bondholders are pricing a high probability of principal repayment.
As the stock has fallen, the convertibles are trading more like credit instruments and less like equity call options.
The market appears to be pricing that Bitcoin and MSTR eventually recover, or that Strategy can refinance its debt before maturity.
In other words, credit investors still view the senior convertibles as money good, even as equity investors have become much more panican.
The ca

The DXY has been hovering near its one-year high, while Bitcoin just hit a 21-month low around $58,000 before bouncing slightly to ~$61,000 . A stronger dollar and weaker BTC moving together like this is pretty much the definition of risk-off sentiment playing out.
The Relationship Is Actually Quantifiable
The negative correlation between DXY and BTC is stronger than many people realize. Based on recent data, the 30-day rolling correlation sits around -0.72 . That's tighter than BTC's correlation with the S&P 500 (-0.38) or even ETH (-0.68) . Over the past year (2025-2026), the daily negative

The FIFA World Cup is creating opportunities beyond football.
Gate Square's Creator Incentive Program Edition 9 is now live, giving creators a chance to earn rewards by sharing World Cup content, including predictions, match analysis, and Polymarket insights.
New users are guaranteed a reward for their first post, while top creators can compete for prizes like ETH, GT, Gate World Cup Gift Boxes, and exclusive WCTC T-shirts.
The event runs from **June 16 to June 30**, so it's a good time to start creating and join the competition.
#PredictWorldCupWin40000U [@Gate_Square](gt://mention/UlVAVVpbAw

BREAKING: Bitcoin re-tests fresh 2026 lows as spot ETF outflows and a bearish monthly options expiry widen the gap vs AI-linked equities. $BTC

#MicronEarningsBeatExpectationsSharesRise
MicronEarningsBeatExpectationsSharesRise – Corrected, Gate TradFi update
Micron just delivered a clean AI memory beat, and the stock responded in real time on Gate TradFi. This update corrects earlier data feed errors that were circulating with inflated 2026 scenario prints ($41.46B revenue / $25.11 EPS / $1,048 share price). Below are Micron's official Q3 FY2025 results, confirmed via SEC filing and Nasdaq / Gate TradFi quotes.
Earnings – Q3 FY2025, reported June 25, 2025
• Revenue: $9.30 billion, up 36.6% year over year, ahead of consensus at $8.83

【$AIN Signal】Long · 1H Momentum Continuation + 4H Bollinger Breakout
$AIN RSI 1H surged to 77.96, MACD histogram narrowing but still above the zero line. The 4H Bollinger upper band at 0.0852 has been effectively broken, with a funding rate of 0.0108% remaining in a mildly bullish range. The order book depth bid/ask ratio is 0.48, indicating no excessive selling pressure.
🎯Direction: Long
⚡Entry/Limit Order: 0.0866991 – 0.0869600
🛑Stop Loss: 0.0860904
🚀Target 1: 0.0882644
🚀Target 2: 0.0889166
🛡️ Trade Management: – Execution Strategy: After reaching Target 1, reduce position

6% of my audience is female?!

Walkman Killer ⚔️

# Ethereum: Ethereum : Price Plunges, DEX Volume Surges 36%
The price of Ethereum has retreated to levels not seen in weeks. Today, many traders asking "Why is Ethereum falling?" have turned their attention to the sharp sell-off shaking the market. However, the most notable aspect is identifying who is seizing the opportunity presented by this decline.
The sell-off is real, and Ethereum has lost more value than Bitcoin. Yet, during the week's sharpest drop, Ethereum—unlike Bitcoin—held its ground, and the largest wallets shifted from sellers to buyers.
Ethereum’s Drop Is Sharp, But One Detail

Four of Strategy's six convertible bonds ($3.2B notional) are still trading above par.
Even with MSTR trading around $85 (85% below ATH) bondholders are pricing a high probability of principal repayment.
As the stock has fallen, the convertibles are trading more like credit instruments and less like equity call options.
The market appears to be pricing that Bitcoin and MSTR eventually recover, or that Strategy can refinance its debt before maturity.
In other words, credit investors still view the senior convertibles as money good, even as equity investors have become much more pessimistic.
The

Not to mention, this wave really rewarded the patient! 😎 A few days ago before bed $CLO it was still grinding at a low level, many people found it uninteresting, but at that time I noticed a detail: the pullback didn't break, and there was always someone buying below 👀
When the chart hadn't fully started moving, CLO was repeatedly washing around 0.07488, the bottom consolidation didn't deteriorate, and selling pressure didn't continue to push down 📌 At that time, I reminded to follow the long order rhythm, not chasing the excitement, but waiting for the structure to give the answer.
Take p

BREAKING: American Arbitration Association launches the Legal Context Protocol, an open standard for agentic commerce.
Founding contributors include Google, IBM, Circle, Stellar, Ava Labs, Mysten Labs, Aptos, Hedera and more.

Friday will bring unexpected money to anyone that dares to claim it

Xmoney is coming and Elon will definitely enter as a strong contender against many digital money provider

it was a fascinating joy for me ❤️

Most people are focused on the recent drop, but the bigger picture is still worth watching.
$HYPE ‌ is trading around the $55 level after falling nearly 12% from its recent high near $63. Even with this pullback, the overall trend still looks healthy.
Many traders believe HYPE can recover in the coming months, showing confidence has not disappeared after the recent correction.
From a technical view, the $52 to $54 area remains a key support zone. If buyers keep defending this level, it could become the base for the next move higher.
The first sign of strength will be a move above $58. A break