
Phyrex|Jun 11, 2025 21:03
Today, BTC and US stocks fell slightly in sync, mainly due to the preparation of the US Embassy in Iraq to withdraw and the departure of authorized personnel from multiple Middle Eastern countries by the US State Department, releasing signals of geopolitical risk escalation and triggering short-term hedging for investors. However, overall, there has been no significant panic in both the US stock market and the cryptocurrency market. The investor sentiment for BTC remains stable, and the decrease in turnover rate indicates that long-term funds are still optimistic.
In addition, DeFi Development (formerly known as Janover) was forced to withdraw its fundraising plan to purchase $1 billion worth of SOL due to the lack of an internal control report in its annual report, triggering market reflection on the "transformation of traditional companies into crypto arbitrage models". The phenomenon of these companies imitating MSTR has been frequent in recent times. Although it is beneficial for stock prices in the short term, it is still uncertain whether it can be implemented in the long term. If the cryptocurrency market weakens in the future, such speculative behavior may quickly backfire.
This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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