Odaily News Arkham data showed that about 11 minutes ago, Grayscale transferred a total of 16,350 ETH, worth approximately US$39.8 million, to the Coinbase Prime hot wallet address.

Odaily News Greeks.live published an English community newsletter, which stated: The group mainly maintains a bearish view, and traders are preparing for a "dreary summer" as the hash band crosses downward and the monthly RSI signals weakness. Traders are watching the $105,000 price level for Bitcoin. An experienced trader is implementing a July expiration put/call spread with execution prices of $107,000/$102,000 and $103,000/$105,000, which they believe is a cost-effective way to deal with the expected summer consolidation.

Odaily News Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), posted on the X platform that Strategy is promoting the digital transformation of the credit market through its STRK, STRF and STRD.

Odaily News 10x Research said that the share price of Coinbase (COIN), a Nasdaq-listed cryptocurrency exchange, is rapidly approaching the overvaluation threshold. Analyst Markus Thielen said that Coinbase's fundamentals (mainly trading volume) have not kept up with the pace of the stock price increase, and the stock price is rapidly approaching the overvaluation threshold, which is a typical feature of "tactical reversal". (CoinDesk)

Odaily News According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in July is 77.3% (previously 79.3%), and the probability of a 25 basis point rate cut is 22.7% (previously 20.7%). The probability of the Fed keeping interest rates unchanged in September is 8.1% (previously 8.2%), the probability of a cumulative 25 basis point rate cut is 71.6% (previously 73.3%), and the probability of a cumulative 50 basis point rate cut is 20.4% (previously 18.5%). (Jinshi)

Odaily News U.S. consumer spending unexpectedly fell in May as the boost from advance purchases ahead of tariffs faded and inflation growth remained mild. Data on Friday showed that consumer spending, which accounts for more than two-thirds of economic activity, fell 0.1% last month, while the market expected a 0.1% increase. Consumer spending was almost stagnant last quarter after the rush of advance shopping disappeared. Spending on services also fell, resulting in a quarterly increase of only 0.5%, the lowest since the second quarter of 2020. The data indicates a weak path for consumption growth in the second quarter. Weak consumption and mild inflation are still not enough to prompt the Federal Reserve to resume interest rate cuts in July. Economists pointed out that the current mild inflation is due to the fact that companies are still selling inventory hoarded before tariffs take effect, and inflation is expected to rise from the June CPI data. (Jinshi)