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BTC $60,583.59 -0.44%
ETH $1,552.49 -2.52%
BNB $573.84 +0.18%
XRP $1.08 -2.34%
SOL $61.59 -3.82%
TRX $0.3224 +0.18%
DOGE $0.0806 -1.18%
ADA $0.1568 -2.41%
BCH $213.84 -2.12%
LINK $7.31 -1.16%
HYPE $56.20 -5.12%
AAVE $59.88 -2.09%
SUI $0.7040 +0.19%
XLM $0.2039 +4.13%
ZEC $347.66 -1.43%

founder

The founder of Strategy claims that the decline in BTC is due to the rotation of funds into AI rather than "issues with Bitcoin itself," and JPMorgan warns that the legislative window for the CLARITY Act is closing

According to BBX data, Bitcoin fell to a new low of $61,300 this year yesterday, putting pressure on the cryptocurrency sector. Key signals have emerged from institutions and the legislative level, with the core dynamics as follows:Michael Saylor, founder of Strategy, Inc. (NASDAQ: $MSTR), publicly stated on June 4 that the current decline in Bitcoin is not due to a deterioration in BTC fundamentals, but rather a "phase rotation" of capital from Bitcoin to AI stocks, SpaceX IPO, and other emerging assets—"Bitcoin is not broken; it’s just temporarily not the main character in the momentum trade." Saylor also reiterated his position of continued accumulation. Previously, Strategy spent approximately $2.01 billion (average price $80,985) to acquire 24,869 BTC in the week from May 11 to 17, bringing their total holdings to 843,738 BTC with a total cost of about $63.87 billion (average price $75,700); currently, BTC has fallen below the cost line of $12,300, and all of the company's holdings are in a state of unrealized loss, but management has not publicly indicated any intention to reduce their positions.JPMorgan Chase & Co. (NYSE: $JPM) reported by CoinDesk on June 4 warned in its latest research report that the legislative time window for the CLARITY Act to be voted on by the full Senate is "rapidly narrowing." The wording discrepancies in the stablecoin yield provisions have evolved into the most critical unresolved obstacle for the bill—banks insist on retaining restrictions on "passive income," while the cryptocurrency industry strives for "activity incentive space." If a compromise cannot be reached between the two parties within this month, the timeline for the Senate to complete a 60-vote approval before July 4 will be completely invalidated; the report also pointed out that the capital siphoning effect from the SpaceX IPO and AI stocks has further suppressed institutions' willingness to allocate to BTC in the short term.

Duan Yongping continues to increase his stake in Pop Mart, optimistic about its overseas expansion prospects and highly praising founder Wang Ning

Well-known investor Duan Yongping recently expressed his continued optimism about Pop Mart's future overseas growth potential during discussions with investors. He believes that Pop Mart has high requirements for store location selection, and since quality commercial location resources are scarce, the construction of a global store network will take a long time. With the advancement of the internationalization strategy, the company still has significant store expansion space in overseas markets over the next 5 to 10 years.Recently, Duan Yongping's increased stake in Pop Mart through H&H International Investment has attracted market attention. Public information shows that on May 25, he purchased approximately 9.8232 million shares at about HKD 150 per share, raising his shareholding ratio to 5.69%, making him the company's second-largest shareholder, with a holding market value exceeding HKD 11.7 billion.Driven by market sentiment, Pop Mart's stock price has continued to strengthen recently. Data shows that the company's stock price rose by 8.98% yesterday, and based on the size of his holdings, Duan Yongping's paper profit for the day was nearly HKD 1 billion.It is noteworthy that Duan Yongping's investment attitude towards Pop Mart has undergone a significant change. He had previously publicly stated that he "did not understand" the related business, but as the company's business model gradually matures, he has begun to significantly increase his holdings and is optimistic about the company's long-term development.After becoming the second-largest shareholder, Duan Yongping publicly praised Pop Mart's founder Wang Ning, believing that he has reached a very high level in understanding products and grasping user needs, and stated that he has become a supporter of Wang Ning. He also pointed out that Pop Mart has validated the sustainability of its business model and established strong competitive barriers, possessing long-term investment value.Public information shows that Duan Yongping has further increased his allocation ratio to Pop Mart this year and adjusted some of his holdings in traditional energy sectors to this company, expressing his optimism about its long-term growth prospects.
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