Strategy: Already holds 4% Bitcoin — X launches X Money service in the US

Bitcoin

Strategy CEO: Currently Holds 4% of the World’s Bitcoin

According to market sources: Strategy CEO Phong Le stated that global markets and industries are experiencing uncertainty, and during this period, Strategy has accumulated 4% of the world’s Bitcoin.

Michael Saylor: Market Volatility Tests Capital Structures; Strategy Remains Focused on BTC and Prudent Capital Allocation

On June 26, Strategy founder Michael Saylor said that market volatility tests every capital structure. Strategy remains focused on Bitcoin, prudent capital allocation, credit quality, and long-term value creation. We appreciate our investors' support and will continue to conduct business with transparency and determination.

BIT Official: The Current Bitcoin Mining Industry Is Near Breakeven Overall; Block Reward Halving in 2028 Will Eliminate Weak Miners

On June 26, BIT Official released a daily chart analysis stating that the Bitcoin mining industry is experiencing the most complex structural turning point since the Bitcoin protocol's inception. On the surface, Bitcoin's price of $61,000 and network hashrate near an all-time high of 1,020 EH/s appear to show strong industry performance. However, beneath the surface, the industry's economic conditions tell a different story—compressing profit margins, imbalanced incentive mechanisms, and the upcoming block reward halving in 2028 will force a comprehensive industry shakeout. But this does not mean the industry is heading for collapse. Mining companies that can survive and successfully transform are building business models more resilient than simply producing Bitcoin. They are gradually transitioning into infrastructure operators, energy arbitrageurs, and AI computing service providers. If this transformation succeeds, it will not only reshape the mining industry itself but may also redefine the Bitcoin network security model for the next cycle and beyond. The report employed five independent analytical frameworks—production cost model, hashrate-price divergence analysis, fee income analysis, network security expenditure analysis, and industry profit and loss (P&L) analysis—all converging on the same troubling conclusion: the Bitcoin mining industry is currently operating near breakeven overall, with no credible new revenue sources in sight. However, despite the challenging operating environment, some mining companies still have the ability to continue developing under current conditions.

Coinbase Bitcoin Premium Index Has Been in Negative Territory for 40 Consecutive Days; U.S. Market Purchasing Power Remains Weak

According to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative territory for 40 consecutive days, currently at -0.1569%, indicating persistently weak U.S. market purchasing power. The Coinbase Bitcoin Premium Index measures the price difference between Bitcoin on Coinbase and the global average price. A negative premium typically reflects higher selling pressure in the U.S. market, declining investor risk appetite, rising market risk aversion, or capital outflows.

U.S. Bitcoin Spot ETFs Saw Net Outflows of $1.7873 Billion This Week

On June 27, according to Farside Investors data, U.S. Bitcoin spot ETFs recorded total net outflows of $1.7873 billion this week. Among them, BlackRock's IBIT saw net outflows of $1.3035 billion, Fidelity's FBTC net outflows of $314.9 million, and Grayscale's GBTC net outflows of $135.3 million. During the same period, some ETFs recorded net inflows, including BTC with $71.7 million and MSBT with $26.2 million.

Ethereum

A Whale Sold 464 BTC to Buy 17,750 ETH

According to Lookonchain monitoring, 2 hours ago, a whale sold 464 BTC and bought 17,750 ETH, worth $27.56 million.

BlackRock Deposited $226 Million in BTC and ETH to Coinbase, May Continue Depositing

According to Onchain Lens monitoring, BlackRock deposited 2,700 BTC (worth $161 million) and 42k ETH (worth $65.16 million) to Coinbase, and may continue depositing.

A Whale That Lay Dormant for Eight Years Sold 17,598 ETH for 42k USDS

On June 26, according to on-chain analyst Yu Jin's monitoring, a whale that held ETH for eight years sold 17,598 ETH for 27.25M USDS on-chain over the past hour, at a selling price of $1,548. He received 37,602 ETH ($31.16 million) 8 years ago (February 2018) when ETH was $829. Eight years later, he sold about half of his ETH, realizing a profit of $12.65 million.

An Address Opened a 18x Leveraged Long Position on 21k ETH; $34.61 Million Long Position Shows Unrealized Loss of $27.25M

According to on-chain analyst Ai Yi's monitoring, an address yesterday opened an 18x leveraged long position on 21k ETH, approximately $34.61 million, currently showing an unrealized loss of $21k. The entry price was $1,728.5, and the liquidation price is $1,590.1.

Address Linked to Vitalik Transfers 7,000 ETH, Possibly Depositing into CEX

On June 27, according to OnchainLens monitoring, a wallet linked to Vitalik, "0xD04", transferred 7,000 ETH (worth $11.06 million) to a new wallet. Based on the address's past transaction history, this ETH is likely to be deposited into a CEX. Previously, it transferred 1,300 ETH (worth $31.6 million).

Other Projects

X Officially Launches X Money Service in the U.S.

On June 26, X officially launched the X Money service in the U.S. Initially, it is limited to some Premium+ users. X will open it to a wider user base after collecting user feedback and improving the platform. Users can now send and receive payments directly on X, supported by Visa and linked to their debit cards and bank accounts. X user Corey sent $25 directly to the world's richest man, Elon Musk, via X Money. The screenshot of the payment receipt shows the payee, payment time, payment amount, payment status, balance, and transaction ID. Musk previously stated that the early public access version of X Money would go live in April. It is reported that X has obtained money transfer licenses in dozens of U.S. states. This launch is a significant step in Musk's vision to turn X into a "super app" integrating social media, payments, banking, and e-commerce.

USDT Market Cap Surpasses Ethereum to Become the Second-Largest Cryptocurrency

Tether's stablecoin USDT has reached a market cap of $186 billion, surpassing Ethereum to become the second-largest cryptocurrency by market cap. Ethereum's market cap fell below $185 billion after its price dropped 5.2% in 24 hours, briefly falling to $1,510. The current stablecoin market cap accounts for nearly 15% of the total cryptocurrency market cap. 21Shares stated that stablecoin supply fell more than 30% during the last bear market but has now reached all-time highs in this cycle. Circle's USDC market cap has also surpassed Ripple's XRP; XRP's market cap fell to $64 billion, while USDC's market cap stands at $73.6 billion. (Cointelegraph)

AI Agent Infrastructure Layer Orthogonal Raises $4.3 Million in Funding, Led by Pantera Capital

On June 26, Orthogonal, an AI Agent infrastructure layer, completed a $4.3 million funding round led by Pantera Capital, with participation from Y Combinator, Pioneer, Decasonic, Blast Club, and Outbound Capital. Orthogonal provides a unified API platform to address the issue that current API ecosystems are not suitable for AI Agents.

AI-Native Blockchain Development Framework Canopy Closes $8.5 Million Seed Round

Canopy, an AI-native blockchain development framework, announced the completion of an $8.5 million seed funding round with participation from Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital. The new funds will be used to support its mainnet launch, expand its engineering team, and continue advancing AI-native development tools and developer experience, compressing complex decentralized application development into readable code, enabling developers and AI coding assistants to quickly generate complete applications.

Peking University and DeepSeek Jointly Open-Source the DSpark Framework, Boosting Generation Speed by Over 60% Under High Concurrency

On June 27, DeepSeek, in collaboration with Peking University, officially released the DSpark inference acceleration framework, aimed at addressing the inference efficiency bottleneck of large language models in high-concurrency production environments. The framework has been deployed in the preview service engines of DeepSeek-V4-Flash and DeepSeek-V4-Pro. Compared to the single-token speculative decoding baseline MTP-1 used in previous production environments, it can increase single-user generation speed by 60% to 85% under the same throughput level. The related paper, training code, and model checkpoints have been open-sourced in the DeepSpec project on GitHub.