He Yi on "freezing Satoshi Nakamoto’s Bitcoin after anti-quantum upgrade": This is not CZ’s original idea; his intent is to spark broader discussion.

SemiAnalysis noted in a report that multiple recent U.S. economic data releases are rife with noise. The upward revision to first-quarter (Q1) GDP was primarily driven by a decline in imports; one-third of May’s personal income growth came from one-time farm relief payments; the surge in PCE (Personal Consumption Expenditures) inflation was led by energy prices; and the sharp drop in durable goods orders stemmed from a reversal in aircraft orders. All these idiosyncratic factors are set to mean-revert, and stripping them out would reshape the broader economic landscape. Tariff-driven goods inflation is a one-time level shock that will drop out of year-over-year data in roughly 12 months, but consumers’ real purchasing power has been permanently reduced and will not recover even as inflation cools. Goods inflation has now outpaced services inflation, reflecting the pass-through effect of tariffs. SemiAnalysis argues that despite macro data volatility, AI-related capital expenditure is a real and sustained trend. Equipment and software contributed 1.55 percentage points to Q1 GDP growth, four times the contribution from consumer spending. Core capital goods orders rose 1.6%, and AI data center construction is rapidly expanding its share of the economy, with no mean reversion in sight.

According to Bitget’s market data, after the US stock market opened, light communications and storage stocks— which had rallied sharply in the prior period— saw their losses widen. Among them, LITE fell 5.85%, COHR dropped 7.77%, MRVL declined 4.11%, Micron fell 6.43%, and SNDK dropped 7.88%. On the flip side, some small-cap stocks held up relatively well: NBIS surged over 6% at one point during the session, and ALAB, a concept stock linked to memory pooling, rose 3%.

Glassnode’s weekly market summary notes that Bitcoin’s current overall trend is defensive: the spot market is in a consolidation phase. Trading activity has increased, but net selling persists, with liquidity mainly used for distribution rather than accumulation. Deleveraging in the derivatives market continues, as traders lean toward downside protection rather than directional bets. Funding rates remain relatively low, reflecting overall market caution. For institutional activity: U.S. spot ETFs are now in overall unrealized losses, with persistent net outflows, and institutional investors are reluctant to add positions. Despite still-high trading volumes, capital flows are dominated by exits. Overall, Bitcoin is currently stabilizing near $60,000, but spot order flow, derivatives positions, and institutional demand all remain defensive. A significant return of buyer confidence is required for a sustained recovery. The market is still in a phase of structural adjustment and capital contraction.

In response to Strategy’s previously announced "Digital Credit Capital Framework", Ethereum treasury firm BitMine published a commentary stating that the framework consolidates the structural relationship between capital markets and Bitcoin, and should bolster investor confidence in Strategy’s strategy. According to the latest statistics, Strategy holds a total of 847,363 BTC at an average cost of $75,651, with an unrealized loss of approximately $13.262 billion (-20.7%). BitMine holds a total of 5,700,040 ETH at an average cost of $33,399, with an unrealized loss of roughly $10.397 billion (-53.6%).

US stock market opens: Dow Jones rises 0.23%, S&P 500 gains 0.5%, Nasdaq climbs 0.8%. Nvidia rises 0.4%, Broadcom gains 2.1%, Micron Technology drops 2%, while SpaceX, added to the index today, jumps 3%. Separately, MSTR climbs 5.37% following positive pre-market announcements. Among AI stocks, OpenAI previously announced it will launch the GPT-5.6 Sol advanced model on Cerebras hardware in July, driving CBRS up 5% at opening. NBIS, a consensus stock favored by NVIDIA CEO Jensen Huang (known as "Jensen’s Top Pick"), the "Wall Street AI Stock Guru", and multiple analysts, gains 8.28%. In the Co-packaged Optics (CPO) space, AAOI rises 2.44%, GLW gains 0.37%, MRVL climbs 2.07%. Storage stocks are mixed: SNDK drops 2.81%, STX gains 1.91%, WDC rises 3.27%. Rocket Lab, a rocket manufacturer, has agreed to acquire satellite communications firm Iridium for $54 per share; Rocket Lab surges over 9%, while Iridium jumps more than 20%.

White House National Economic Council Director Hassett said that to celebrate the official launch of the "Trump Account" for minors, officials from Nasdaq and the New York Stock Exchange (NYSE) plan to jointly ring the opening bell at the White House Oval Office. Hassett stated, "Next week we will hold a grand opening bell-ringing ceremony, during which Nasdaq and the New York Stock Exchange will jointly ring the bell at the Oval Office for the first time ever. They are doing this to celebrate the official rollout of the 'Trump Account' and to let everyone know that now is the time to open an account for their children, even if the child was not born this year." This tax-advantaged savings account, previously announced by Trump, will officially launch on July 4. All U.S. citizens born between 2025 and 2028—a period covering Trump’s second presidential term—will receive an initial $1,000 investment from the U.S. government. Older children can also open and use such accounts, however. Additionally, some eligible children will receive an extra $250 contribution from Michael Dell, founder of Dell Technologies, and his wife Susan. The White House did not immediately respond to a request for comment on the arrangements. Trump previously rang the opening bell at the New York Stock Exchange in December 2024, ahead of his second presidential inauguration.