ING has lowered its forecasts for gold and silver, citing a stronger U.S. dollar and persistently elevated bond yields that are weighing on precious metals. Gold has slipped below $4,000 an ounce, marking a new low for the year, while silver has fallen under $60 an ounce. The pullback from January's record highs has surprised some traders and analysts, but ING commodity analyst Ewa Manthey said in the bank's latest precious metals note that the selloff underscores how markets have shifted their attention toward higher interest rates and tighter financial conditions. Full story: Kitco.

The Florida Department of Revenue said certain physical precious metals will be exempt from state sales and use tax beginning July 1. The exemption applies to gold products meeting a minimum purity of 99.5% and silver products meeting a minimum purity of 99.9%, including coins, bars and ingots that qualify as legal tender under applicable statutes. Jewelry, utilitarian items and collectibles are explicitly excluded. As a state-level tax incentive, the change lowers transaction costs for Florida investors buying and holding physical gold and silver. The policy does not affect federal gold and silver pricing mechanisms or the broader global supply-demand balance.

Crypto markets recorded over $99 million in liquidations in the past hour, with about $90 million coming from long positions, according to REKT data. The figures reflect a sharp move that forced leveraged traders out of positions within a short window.

Cboe launched YesOrNo contracts tied to the Mini S&P 500 Index, offering a fixed payout based on whether a specified index condition is met. The binary style format is designed to simplify expressing a market view compared with many options strategies, and Cboe says product details are available through its platform materials.

BlackRock transferred more than $610 million worth of Bitcoin and Ethereum to an address labeled for selling activity, according to onchain transaction data. The move involved both BTC and ETH and signals potential liquidation, though no confirmed sale details were provided in the source summary.

Coinglass data on June 24 shows crypto liquidations totaled $134 million in one hour after Bitcoin fell below $61,000. Long positions accounted for about $126 million, while short positions totaled $8.53 million, reflecting a fast wave of forced position closures across the market.

Shares of MicroStrategy (Strategy) fell below $100 on June 23, sliding 5.82% to close at $97.79. The stock is down about 20% over the past five trading sessions and more than 38% over the last six months. Peter Schiff said persistent short pressure could force the company to sell Bitcoin to fund share repurchases, fueling fresh questions about the resilience of its capital structure. The company sold roughly 2.71 million MSTR shares last week, raising $335.5 million. Only $35 million was used to buy an additional 520 bitcoins, with the remainder allocated to U.S. dollar reserves.

THE BLOCK reported that shares of Strategy ($MSTR) fell below $100, marking the first time the stock has traded under that level since March 2024.

JSW Infrastructure reported Q4 FY26 revenue of INR 152.0 billion, up 19% year on year. EBITDA rose 20%, led by a sharp step-up in non-port operations: revenue from the segment jumped 74% and the EBITDA margin expanded by 1,700 bps to 28.2%. The rail integration program added 25 freight rakes during the quarter, with another 40 planned for FY27. Management reiterated its high-growth outlook for FY27–FY28, guiding to a revenue CAGR of 42% and an EBITDA CAGR of 39%. Key projects remain on schedule, including the iron-ore slurry pipeline and port developments at Jatadhar, Jaigarh and Dharamtar. Discussions around an Oman port are described as progressing well. At the Fujairah terminal, Middle East tensions resulted in an EBITDA impact of INR 3.2 billion. Even so, the company's broader guidance continues to be viewed as credible, supported by steady project execution.