Odaily News BitMine Immersion Technologies, a New York Stock Exchange listed company, announced the pricing and signing of a private placement agreement to purchase and sell 55,555,556 common shares at $4.50 per share, and is expected to raise $250 million to launch the ETH financial strategy. The transaction is expected to be completed around July 3, 2025, led by MOZAYYX, with participation from Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG, Diametric Capital, Occam Crest Management and Thomas Lee. (PRNewswire)

Odaily News Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), posted on the X platform that Strategy has acquired 4,980 bitcoins for approximately $531.9 million, with a year-to-date return of 19.7%. As of June 29, 2025, it holds a total of 597,325 bitcoins at an average purchase price of approximately $70,982.

Odaily News According to market news: Strategy disclosed that it had increased its holdings by 4,980 bitcoins last week.

Odaily News Simon Gerovich, CEO of Metaplanet, a Japanese listed company that adopts a Bitcoin strategy, announced on the X platform that the Tokyo Stock Exchange announced that it will lift the margin trading restrictions on Metaplanet from tomorrow, July 1.

Odaily News Expectations for a rate cut from the Federal Reserve are growing, but JPMorgan Chase's London strategy team has poured cold water on it. The bank warned that the real reason behind the rate cut may not be good for the stock market, and may even be a "wrong type of easing," triggering a chain reaction in the market. JPMorgan Chase's strategists expect that the future will be some combination of the first and third scenarios - that is, economic activity slows but inflation picks up. They pointed out that since 1980, the dollar has typically weakened before rate cuts and continued to fall after rate cuts. Bond yields have also fallen accordingly. JPMorgan Chase's strategists said they expect the dollar to hit new lows in most cases and U.S. Treasury yields to continue to fall. (Jinshi)

Odaily News JPMorgan analysts have begun to pay attention to Circle (CRCL) stock, giving it an underweight rating and setting a target price of $80 in December 2026. Analyst Kenneth Worthington pointed out that the forecast target is a 55% drop from the current CRCL share price of $180, based on 45 times the expected 2027 earnings per share (EPS) plus a $10 upside potential premium. Given Circle's first-mover advantage and numerous use cases, it has a favorable position in the emerging stablecoin market, but its current market value is already too high. If the target price in December 2026 is $80, it means a market value of approximately $21 billion. (Cointelegraph)