Gate Square Daily | June 26

1️⃣ Market Update: BTC dropped below $60,000, trading at $59,851, down 1.7% in 24 hours — triggering approximately $600M in long liquidations across the market.
2️⃣ Institutional Move: Strategy common stock fell below $90 for the first time since February 2024; STRC preferred stock fell below $76 intraday, down 24% from its $100 par value and hitting an all-time low closing price.
3️⃣ Macro Update: US core PCE for May rose to 3.4% year-over-year, the highest reading since October 2023.
4️⃣ Industry News: The drop in SpaceX stock raises red flags for the IPO market, as OpenAI tends to push its listing to next year.
5️⃣ TradFi News: US AI stocks broadly sold off, with Atlassian falling more than 8.38%; South Korean market fell 5%, triggering a circuit breaker, with SK Hynix down 6%.