Strategy's preferred stock STRC fell below $82 on June 25 and traded at $81.83, a record low, down 6.3%. Trading well under face value signals investors are demanding higher yield, raising future dividend and credit concerns. Strategy has used STRC issuance to fund Bitcoin purchases, so weaker pricing could lift its future capital costs.

加拿大S&P/TSX綜合指數早段下跌148.11點，報34,779.27點。市場焦點落在油價顯著回吐：8月原油期貨合約下滑3.46美元，報每桶69.75美元。 油價受壓主因美伊談判在達成永久停戰方面傳出進展，加上霍爾木茲海峽通行量回升，市場對供應中斷的憂慮降溫。受此影響，TSX能源與基本金屬板塊承壓。 同時，黃金及美股三大指數走強，反映資金轉向風險資產。

Prediction market activity surged during the World Cup, with Polymarket reporting a 300% increase in trading volume. Kalshi also set new records for open interest, reflecting higher demand for event-based contracts as match outcomes drew more participation.

【Kitco News】ING表示，美國美元走勢轉強，加上債券孳息率高企，正持續壓抑貴金屬表現。現貨黃金失守每盎司4,000美元，並跌至今年新低；白銀亦回落至每盎司60美元以下。 雖然金銀自1月創歷史高位後出現熊市式調整，令部分交易員及分析員感到意外，但ING商品分析師Ewa Manthey在最新貴金屬報告指出，這輪拋售反映市場焦點已明顯轉向更高利率及更緊的金融環境。 詳情請參閱Kitco報道。

佛羅里達州稅務局（DOR）公布，由7月1日起，具法定貨幣地位且純度符合要求的實物貴金屬產品，可獲豁免銷售及使用稅。適用範圍涵蓋金（≥99.5%）及銀（≥99.9%）硬幣，以及條、塊、錠等形式。政策同時列明不包括珠寶、實用器物及收藏品。 市場人士指出，作為州層面的稅務優惠，措施有助降低當地投資者買賣及持有實物金銀的交易成本；對聯邦層面的金銀定價機制及全球供需格局則不構成直接影響。

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.