Crypto assets were sold off again after US stock markets opened, with Bitcoin dropping below $61,000 intraday.

Story, a project focused on on-chain intellectual property infrastructure, has been renamed DATA Foundation, shifting its business focus to AI training data and launching the on-chain data registration and auditing platform Trace. Story’s native IP tokens will be migrated 1:1 to the new DATA tokens, with holders not required to take any action; specific timelines and guidelines will be announced later. DATA also announced deep integration with AI training data marketplace Kled, bringing over 1.5 billion user-contributed data entries onto the DATA network. Via Trace, each data contribution generates an on-chain receipt that records data source, authorization method, contributor consent, and payment details, supporting settlement to contributors in stablecoins or fiat currency.

According to market data, Apyx Finance’s stablecoin apxUSD, backed by STRC, has depegged and is now trading at $0.7804. A similar depegging incident occurred with apxUSD on June 4.

Jiang Zhuoer, founder of Leibit Mining Pool (B.TOP), commented on STRC hitting an all-time low tonight, noting that Strategy’s preferred stock STRC has significantly de-pegged, reflecting U.S. stock market investors’ panic over Bitcoin (BTC). He stated, “Strategy’s BTC purchases are expected to drop sharply or even halt entirely in the coming months, with funds reserved to pay STRC dividends. I also emphasize again not to expect a major blowup from MSTR at the bear market bottom. STRC is preferred stock, not a bond—only dividends need to be paid, and principal does not require repayment. MSTR’s debt ratio is only 10%, so unless the BTC bear market lasts a decade, MSTR faces no risk of a blowup.”

After the U.S. stock market opened tonight, STRC briefly dropped to $73 and is now trading at $76.2, 25% below its $100 par value. In response to market fears that it could be the "next LUNA", Arkham’s analysis states that STRC is a perpetual preferred stock with an 11.5% dividend yield, requiring annual dividend payments of approximately $1.2 billion. Strategy holds $1.4 billion in reserves, but is not legally obligated to prioritize dividend payments. However, Arkham also points out that the stock price decline reflects market concerns about Saylor’s ability to sustain dividend payments and raise capital. This will not directly bring down the company, but may negatively impact investor confidence and financing in the long run.

According to YuEmber monitoring, several on-chain ETH lending whales are facing liquidations amid the current downtrend. Details are as follows: First liquidation tier: liquidation price of $1,472, liquidation scale of 72,700 ETH (valued at $114 million); Second liquidation tier: liquidation price of $1,355, corresponding to 167,600 ETH (valued at $263 million) held by dip-buying whales at the start of the month; Third liquidation tier: liquidation price of $1,160, corresponding to 120,000 ETH long positions of Hyperliquid’s largest long.

Iran has proposed charging neighboring Gulf countries a service fee for the use of the Strait of Hormuz. Iran estimates this would generate $40 billion in annual revenue for the countries involved. Iran hopes to share and reach an agreement on revenue from the strait with other nations, according to The Wall Street Journal.