Odaily星球日報訊 Galaxy Research 主管 Alex Thorn 表示，Michael Saylor 旗下 Strategy（MSTR）近期推出的資本管理改革，在短期內有效緩解了市場對其流動性與優先股體系壓力的擔憂，但更多是「爭取時間」，而非根本性解決結構問題。

Strategy 在過去數週面臨其優先股「數字信貸」體系承壓，其中 STRC（「Stretch」優先股）一度跌破面值，最低觸及約 71.25 美元，引發市場對其 BTC 價格下行、美元儲備收縮及優先股股息支付能力的擔憂。市場隨後集中討論三種壓力情景：出售比特幣、增發 MSTR 股份稀釋股東，或削減/暫停優先股分紅。

對此，Strategy 於週一宣佈全面資本管理重組，推出「數字信用資本框架」，包括五大工具：董事會批准的美元儲備政策、STRC 股息機制調整、10 億美元優先股回購授權、10 億美元 MSTR 普通股回購授權，以及比特幣變現機制。同時，公司將 STRC 年化股息率從 11.5% 上調至 12%。

市場對此反應積極，MSTR 與 STRC 當日均大幅上漲，比特幣也同步回升。

Alex Thorn 指出，此次調整在短期內改善了市場情緒，使 Strategy 將現金覆蓋週期延長至約 17 個月，並通過新增融資提升了資金緩衝能力，但公司在 2027–2028 年仍面臨約 67 億美元可轉債到期壓力，長期結構性風險仍在。核心問題並非 Strategy 是否擁有足夠 BTC（約 84.7 萬枚），而是美元流動性不足以在不損害任何一方利益的情況下覆蓋優先股與資本結構義務，從而導致多類股東利益相互擠壓。

不過，此次調整的關鍵意義在於增強了公司資本工具的「可選性」，使其從單一方向的 BTC 增持策略，轉向更主動的資產負債管理模式，從而避免短期流動性問題演變為系統性危機。儘管當前比特幣市場環境偏弱、可能尚未觸底，但 Strategy 的新框架在一定程度上為公司爭取了時間窗口，使其能夠等待更有利的市場條件。

According to Odaily, Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated today that the Strait of Hormuz should be jointly managed by Iran and Oman. Ghalibaf made these remarks during a meeting with Iraqi Parliament Speaker Haibat al-Halboosi. When discussing the management of the Strait of Hormuz, Ghalibaf noted that a recently signed memorandum of understanding with the United States stipulates that the strait should be jointly managed by Iran and Oman. He further mentioned that Iran is consulting on this matter with countries along the Persian Gulf coast, including Iraq. (Xinhua News Agency)

Odaily星球日报訊 中國證監會與新加坡金管局在新加坡成功舉行第十屆中新證券期貨監管圓桌會。中國證監會副主席劉浩凌和新加坡金管局副行長何恆心出席會議並分別致辭。雙方回顧近年來兩國資本市場合作取得的務實成果，包括加強中新指數合作、深化中新 ETF 互通、加強證券監管合作等。

雙方就各自市場改革發展最新動態、前沿技術背景下的資本市場運行與監管執法、證券期貨行業跨境展業及監管等議題進行廣泛深入的交流。新加坡金管局助理行長林端利，中國證監會、新加坡金管局相關部門負責人，雙方證券交易所等行業代表 40 餘人以現場和線上方式參會。(金十)

Odaily Planet Daily News Decentralized privacy protocol Hinkal Protocol has announced that it has noticed abnormal activity related to USDC on the Ethereum network within its system. Currently, only the Ethereum blockchain is affected, and other chains remain unaffected. As a precautionary measure, the affected smart contracts have been suspended, and a comprehensive investigation and analysis of on-chain transactions and related activities are underway. The investigation is still ongoing, and updates will be released once information is confirmed.

Previously, suspicious USDC transactions involving Hinkal resulted in a loss of $800,000.

Odaily星球日報訊 巴西聯邦警方於聖保羅多地同步展開執法行動，落實美國財政部此前出臺的制裁決議，打擊服務巴西黑幫「首都第一司令部（PCC）」的跨境洗錢團夥。

本次行動執行11份臨時逮捕令、13次搜查扣押，涉案兩名核心個人均被美方列入制裁名單。經法院裁定，涉案人員名下合計10.4億雷亞爾（折合20億美元）的資金、實體資產及加密貨幣全部予以凍結。涉案人Stella Stefanie Nunes Henrique de Oliveira已被警方抓捕，另一嫌疑人Victor Henrique de Oliveira Shimada目前處於在逃狀態。美方指控二人搭建多層資金通道，依託加密貨幣轉賬、現金運輸、公私賬戶大額劃轉等方式轉移犯罪所得，嫌疑人將面臨共謀、洗錢、非法跨境轉移資金等多項指控。（彭博社）

Odaily星球日报讯 国际货币基金组织（IMF）货币与资本市场部主任 Tobias Adrian 表示，随着资产迁移至共享数字账本，政策在货币体系、市场基础设施及法律框架上的选择，将决定代币化究竟会强化金融体系的整合性，还是导致其进一步碎片化。

代币化经济正在形成三类结算资产：代币化银行存款、稳定币、以及代币化央行储备。代币化不仅仅是支付更快或资产可编程化，而是将金融资产与负债迁移至统一账本，使执行、清算与结算压缩为由软件驱动的同步流程，这一转变也可能将风险从传统中介机构资产负债表转移至平台、代码及基础设施提供方。（The Block）

According to monitoring by the PPP Prediction Market Tool, in the Polymarket "2026 FIFA World Cup Round of 16: Colombia vs. Ghana" prediction event, the account hot2trot (address: 0xb61b2079b95f6b7476fd3203e0274ffb93308a06), which has earned a total profit of nearly $1.16 million, purchased over $130,000 worth of shares on Colombia advancing. The average opening price was 65¢, with a total of 190,431.3 shares bought. The position is currently showing an unrealized profit of $6,665.

The Colombia vs. Ghana knockout match will take place on July 4th at 9:30 AM Beijing time. Ghanaian defender Opon may miss the game due to an undisclosed injury. Colombia has returned to the World Cup knockout stage after an eight-year absence, having scored 4 goals and conceded only 1 during the entire group stage. Ghana boasts stars such as Manchester City's Semenyo, Atlanta speedster Sulemana, the newly naturalized Iñaki Williams, and Leicester City's rising talent Fatawu. However, they rely heavily on individual brilliance. This match will determine the final spot in the World Cup Round of 16.

The Odaily Seer Prophet Channel continues to monitor the prediction market, witnessing changes before the pricing is set.

Odaily星球日报讯 据市场消息：韩国媒体 Chosun 披露，多家韩国企业（包括 Samsung Electronics 等）对近期 OUSD 宣布的“140 余家合作伙伴组成的联盟”名单表示困惑。

相关企业表示，在公告发布前“未收到任何正式沟通或咨询”，并称“不清楚自身将在该联盟中承担何种角色”，该事件引发外界对该 OUSD 联盟成员真实性与合作机制透明度的质疑，目前相关各方尚未进一步公开回应。

Odaily星球日報訊 Spotify 已要求預測市場平台 Kalshi 與 Polymarket 移除其品牌標識，並澄清雙方不存在任何合作關係，此前平台結算所依賴的音樂串流數據被發現存在人為刷量行為。

Spotify 表示，其已刪除超過 50 萬條「虛假流量」，這些異常播放曾推動某些歌曲進入平台熱門榜單，並被用於 Kalshi 一項關於「6 月美國 Spotify 最熱門歌曲」的預測市場結算，該市場交易規模約 300 萬美元。由於結算使用的是數據修正前的榜單結果，相關交易一度將該歌曲認定為贏家。Spotify 在完成調查後已聯繫兩家平台進行糾正，Kalshi 據稱正在對此事件展開調查，Polymarket 暫未回應。（Bloomberg）

Odaily星球日報訊 在美國機構資金持續流出的背景下，比特幣巨鯨在過去兩週累計增持超過 27 萬枚 BTC（約 167 億美元），與美國現貨比特幣 ETF 創紀錄外流形成明顯分化。

分析指出，這一階段性分化具有歷史週期特徵：機構資金撤離的同時，長期持有者與鯨魚帳戶持續吸籌，類似此前週期底部區域常見的資金再分配結構。鏈上數據顯示，儘管現貨溢價維持為負，表明場內買盤並不強勁，但大額錢包仍持續增持比特幣，市場當前正處於「機構去槓桿、長期資金吸籌」的結構性階段。（CoinDesk）

Odaily星球日報訊 Serenity 在 X 平台發佈針對 AI ASIC 市場的獨家研判，提出「英偉達為 ASIC 市場造王者」的核心觀點。其提出一套行業推演邏輯，認為英偉達 CEO 黃仁勳並不樂見博通一家獨佔定製 ASIC 賽道，邁威爾、聯發科、AlChip、GUC 等廠商正在英偉達生態隱性支持下穩步搶奪原本屬於博通的市場份額，承接更多超大規模雲廠商定製芯片專案。該格局可類比去年新興雲服務商崛起，成為英偉達對沖頭部雲廠商自研 ASIC 護城河的重要手段。

Serenity 提示這或是兩年維度的交易機會，但不構成投資建議；同時預判 2030 年後谷歌等大廠會將大量芯片設計工作內部自研。其補充，英偉達具備重塑產業鏈估值的能力，此前市場便出現邁威爾有望衝擊萬億市值的相關市場預期。

Odaily星球日報訊 AI 儲存與半導體板塊近期出現明顯降溫，而比特幣自階段低點反彈至 6.1 萬美元上方，引發資金是否開始重新配置至數字資產的討論。閃迪、美光等個股近期動能明顯減弱，DRAM ETF 自 6 月中旬高點回落約 25%，SMH 也下跌約 12%。

分析指出，AI 交易擁擠度上升疊加部分龍頭回調，正推動資金在風險資產內部重新輪動。儘管當前仍難以判斷是否形成持續性風格切換，但在 AI 主線降溫與比特幣反彈同步出現的背景下，市場正初步顯現風險資產內部再平衡跡象。（CoinDesk）

Odaily Planet Daily News: 10x Research analysis points out that stronger-than-expected US employment data once led to Bitcoin price volatility, and ETF outflows also exacerbated the selling pressure. However, active buying by long-term holders helped the market form price support. At the same time, weak employment data pushed back market expectations for the next interest rate hike from October 2026 to December, providing some support for Bitcoin's short-term outlook. 10x Research added that historical data shows that July has historically been a strong month for Bitcoin, with an average return of 9.1%. However, the market typically enters a consolidation phase from August to September, and September could become the cycle low. Bitcoin's recent rebound from $58,500 to $61,500 may be offering traders a new positioning opportunity.

Odaily星球日报讯 针对有媒体披露 Meta 首席执行官马克·扎克伯格在内部会议上告诉员工，过去四个月的 AI 代理开发并未“以我们预期的速度加速”，Meta 首席 AI 官 Alexander Wang 发文回应澄清表示，扎克伯格指的是整个行业在智能代理能力上的整体进展，而非 Meta 自身，他同时透露 Meta 即将发布新一轮 Muse Spark 更新，将显著提升模型的编程能力和智能代理能力，以更具竞争力地对标业内领先模型，并将陆续上线至 Meta AI 及全新 API 平台。

Odaily Planet Daily News The Chicago Mercantile Exchange Group (CME Group) officially released data showing that its average daily trading volume (ADV) in June set a new record of 30.6 million contracts, a year-on-year increase of 19%; trading volume in the second quarter reached 29.8 million contracts, the second highest in history.

In terms of cryptocurrencies, CME's average daily volume of crypto futures contracts in June increased by 76% year-on-year to 334,000 contracts, with a notional value of approximately $10.7 billion. Among them, the average daily volume of Micro Bitcoin futures contracts increased by 46% to 77,000 contracts. The average daily volume of crypto futures contracts in the second quarter reached 250,000 contracts, a year-on-year increase of 32%, with a notional value of approximately $13.7 billion. Among them, the average daily volume of Ethereum futures contracts increased by 10% to 18,000 contracts.

Odaily reports that the Hong Kong Securities and Futures Commission has released the "2025 Asset and Wealth Management Activity Survey," which shows:

1. Hong Kong's total assets under management in 2025 rose 20% year-on-year to a historic high of HKD 42.2 trillion (USD 5.4 trillion). Part of this growth was driven by net capital inflows, which surged 193% year-on-year to HKD 2.1 trillion (USD 265 billion), marking the third consecutive year of increase.

2. Assets under management for the asset management and fund advisory business increased 19% year-on-year to HKD 31 trillion (USD 4 trillion).

3. Assets under management for private banking and private wealth management businesses surged 24% year-on-year to HKD 12.9 trillion (USD 1.7 trillion).

4. The net asset value of authorized funds rose 38% to HKD 2.3 trillion (USD 292 billion).

5. Net capital inflows into the asset management and fund advisory business sector soared 330% to HKD 1.38 trillion (USD 177.3 billion).

6. The number of institutions licensed in Hong Kong for asset management (Type 9 regulated activity) increased by 7% year-on-year to 2,358.