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07:13
Strategy's Selling Triggers Chain Reaction, BTC Drops Over 15% in Three Days
Jinse Finance reported that on June 4, Ember posted that the Strategy test sold 32 BTC ($2.47 million), resulting in a $11,400 (-15.6%) drop in BTC over three days, with $22.8 billion wiped from its market capitalization.ETF outflows accelerated: Following the Strategy's announcement of the sale, BTC ETFs saw outflows of $1.45 billion over three trading days. There have been continuous outflows over 13 consecutive trading days, totaling $4.37 billion.Chain reaction triggered: Mt.Gox BTC was transferred to a certain exchange; Tether’s reserve BTC was transferred to an exchange for the first time; crypto asset management firm Abraxas Capital reduced its BTC holdings.
07:11
Rising expectations of an ECB rate hike boost the euro, with EUR/JPY experiencing a slight rebound
The European Central Bank's rising rate hike expectations drive the euro higher, with the euro rebounding slightly against the yen.
07:08
Masayoshi Son loses his title as Asia's richest man, with his personal net worth shrinking by $13.2 billion in a single day
Golden Ten Data reported on June 4 that, according to today’s Forbes Real-Time Billionaires List, SoftBank Group founder and CEO Masayoshi Son saw his personal fortune shrink by 13% in a single day, with his net worth plunging by $13.2 billion, dropping to $87.1 billion and sliding below Indian billionaires Ambani and Adani. Meanwhile, SoftBank Group's (SBG) stock price has fallen by more than 17% over the past three days, last trading at 7,414 yen, with a total market capitalization of approximately 42.35 trillion yen. It has been surpassed by storage giant Kioxia, losing its position as Japan’s most valuable listed company.
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