> 🇺🇸 CALIFORNIA GOVERNOR GAVIN NEWSOM SAYS "IT'S TIME FOR A NATIONAL BILLIONAIRE TAX."
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> TRUMP: “I’D BE THE GREATEST COMMUNIST IN HISTORY”
DONALD TRUMP JOKED HE “WOULD BE THE GREATEST COMMUNIST IN HISTORY,” ARGUING THAT COMMUNISM IS EASY TO SELL BY PROMISING FREE FOOD, RENT AND HOUSING, BUT SAID IT ULTIMATELY LEAVES COUNTRIES IN RUIN. HE ALSO CLAIMED COMMUNISTS RESORT TO POLITICAL ASSASSINATIONS AND ACCUSED DEMOCRATS OF CORRUPTION AND TRYING TO DESTROY AMERICA.
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DONALD TRUMP JOKED HE “WOULD BE THE GREATEST COMMUNIST IN HISTORY,” ARGUING THAT COMMUNISM IS EASY TO SELL BY PROMISING FREE FOOD, RENT AND HOUSING, BUT SAID IT ULTIMATELY LEAVES COUNTRIES IN RUIN. HE ALSO CLAIMED COMMUNISTS RESORT TO POLITICAL ASSASSINATIONS AND ACCUSED DEMOCRATS OF CORRUPTION AND TRYING TO DESTROY AMERICA.
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> BINANCE CO-CEO YI HE: WE REMAIN COMMITTED TO EUROPE AND WILL KEEP WORKING WITH REGULATORS
BINANCE CO-CEO YI HE SAID EUROPE REMAINS AN IMPORTANT MARKET FOR BINANCE AND REAFFIRMED THE COMPANY’S COMMITMENT TO THE REGION DESPITE ONGOING REGULATORY HURDLES. SHE SAID BUILDING TRUST WITH REGULATORS TAKES TIME AND THAT BINANCE WILL CONTINUE WORKING CLOSELY WITH EU AND NATIONAL AUTHORITIES TO ADVANCE ITS COMPLIANCE EFFORTS. YI ADDED THAT CRYPTO SERVICE PROVIDERS, INCLUDING BINANCE, ARE EXPECTED TO BECOME MORE IMPORTANT GATEKEEPERS OF THE FINANCIAL SYSTEM THAN TRADITIONAL FINANCIAL INSTITUTIONS, DRIVEN BY UNDERLYING TECHNOLOGY AND MARKET ADOPTION. — LINK
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BINANCE CO-CEO YI HE SAID EUROPE REMAINS AN IMPORTANT MARKET FOR BINANCE AND REAFFIRMED THE COMPANY’S COMMITMENT TO THE REGION DESPITE ONGOING REGULATORY HURDLES. SHE SAID BUILDING TRUST WITH REGULATORS TAKES TIME AND THAT BINANCE WILL CONTINUE WORKING CLOSELY WITH EU AND NATIONAL AUTHORITIES TO ADVANCE ITS COMPLIANCE EFFORTS. YI ADDED THAT CRYPTO SERVICE PROVIDERS, INCLUDING BINANCE, ARE EXPECTED TO BECOME MORE IMPORTANT GATEKEEPERS OF THE FINANCIAL SYSTEM THAN TRADITIONAL FINANCIAL INSTITUTIONS, DRIVEN BY UNDERLYING TECHNOLOGY AND MARKET ADOPTION. — LINK
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> AAVE TARGETS $4.6 TRILLION SECURITIES LENDING MARKET WITH TOKENIZED STOCKS
AAVE FOUNDER STANI KULECHOV SAID THE PROTOCOL IS EXPANDING ITS TOTAL ADDRESSABLE MARKET FROM CRYPTO ASSETS TO ALL ASSET CLASSES THROUGH SECURITIES-BACKED LOANS AND SECURITIES LENDING. AAVE EXECUTIVE LUIGI D’ONORIO DEMEO SAID AAVE V4 WILL BRING TOKENIZED STOCKS TO ONCHAIN SECURITIES LENDING, ALLOWING USERS TO EARN BORROWING FEES DIRECTLY WITHOUT INTERMEDIARIES OR REHYPOTHECATION. HE ADDED THAT THE GLOBAL SECURITIES LENDING MARKET HAS ABOUT $4.6 TRILLION IN SECURITIES ON LOAN AND GENERATES ROUGHLY $35 BILLION IN ANNUAL REVENUE. — LINK
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AAVE FOUNDER STANI KULECHOV SAID THE PROTOCOL IS EXPANDING ITS TOTAL ADDRESSABLE MARKET FROM CRYPTO ASSETS TO ALL ASSET CLASSES THROUGH SECURITIES-BACKED LOANS AND SECURITIES LENDING. AAVE EXECUTIVE LUIGI D’ONORIO DEMEO SAID AAVE V4 WILL BRING TOKENIZED STOCKS TO ONCHAIN SECURITIES LENDING, ALLOWING USERS TO EARN BORROWING FEES DIRECTLY WITHOUT INTERMEDIARIES OR REHYPOTHECATION. HE ADDED THAT THE GLOBAL SECURITIES LENDING MARKET HAS ABOUT $4.6 TRILLION IN SECURITIES ON LOAN AND GENERATES ROUGHLY $35 BILLION IN ANNUAL REVENUE. — LINK
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> U.S. MILITARY CONDUCTS STRIKES IN THE STRAIT OF HORMUZ AREA | PER AXIOS
CENTCOM SAYS US AIRCRAFT STRUCK IRANIAN MISSILE AND DRONE STORAGE SITES AND COASTAL RADAR AFTER IRAN HIT THE SINGAPORE-FLAGGED EVER LOVELY WITH A DRONE YESTERDAY AS IT EXITED HORMUZ. CENTCOM CALLS IRAN’S ATTACK ON COMMERCIAL SHIPPING A CLEAR CEASEFIRE VIOLATION, AND SAYS US FORCES ARE STILL COORDINATING SAFE PASSAGE FOR VESSELS AND WILL KEEP ENFORCING THE AGREEMENT.
DEVELOPING
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CENTCOM SAYS US AIRCRAFT STRUCK IRANIAN MISSILE AND DRONE STORAGE SITES AND COASTAL RADAR AFTER IRAN HIT THE SINGAPORE-FLAGGED EVER LOVELY WITH A DRONE YESTERDAY AS IT EXITED HORMUZ. CENTCOM CALLS IRAN’S ATTACK ON COMMERCIAL SHIPPING A CLEAR CEASEFIRE VIOLATION, AND SAYS US FORCES ARE STILL COORDINATING SAFE PASSAGE FOR VESSELS AND WILL KEEP ENFORCING THE AGREEMENT.
DEVELOPING
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> IRAN'S REVOLUTIONARY GUARDS SAY U.S. FORCES ATTACKED SIRIK ISLAND, IRAN REPELLED ATTACK
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> HEAD OF THE IRANIAN PARLIAMENT'S NATIONAL SECURITY COMMITTEE SAYS TRUMP HAS SHOWN NO COMMITMENT TO PRINCIPLES OF NEGOTIATION OR CEASEFIRE
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> HEAD OF THE IRANIAN PARLIAMENT'S NATIONAL SECURITY COMMITTEE SAYS THE 'RECKLESS VIOLATION OF THE CEASEFIRE' WILL LEAD TO 'RETREAT AND REGRET' FROM U.S. SIDE
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> STRATEGY MNAV FALLS BELOW 1, UNDERCUTTING ITS BITCOIN ACCRETION THRESHOLD
AS OF THE JUNE 26 U.S. MARKET CLOSE, STRATEGY’S VARIABLE-RATE PERPETUAL PREFERRED STOCK STRC CLOSED AT $74.57, DOWN 1.48% AND TRADING AT AN APPROXIMATELY 25% DISCOUNT TO ITS $100 LIQUIDATION PREFERENCE, WHILE MSTR CLOSED AT $82.31, DOWN 3.54%. MEANWHILE, STRATEGY’S WEBSITE SHOWED ITS MNAV HAD FALLEN TO 0.99, IMPLYING THAT THE COMPANY’S ENTERPRISE VALUE HAD DROPPED BELOW THE MARKET VALUE OF ITS BITCOIN HOLDINGS.
THE FIGURE IS ALSO WELL BELOW THE ROUGHLY 1.22X THRESHOLD PREVIOUSLY IDENTIFIED BY MANAGEMENT AS THE MINIMUM MNAV AT WHICH ISSUING MSTR TO BUY ADDITIONAL BITCOIN REMAINS ACCRETIVE ON A PER-SHARE BASIS. MANAGEMENT HAS PREVIOUSLY INDICATED THAT BELOW THIS LEVEL, ACTIONS SUCH AS SELLING SOME BITCOIN, REBUILDING CASH RESERVES, OR REPURCHASING MSTR COULD BE MORE ACCRETIVE THAN ISSUING ADDITIONAL COMMON STOCK TO ACQUIRE MORE BTC. — LINK
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AS OF THE JUNE 26 U.S. MARKET CLOSE, STRATEGY’S VARIABLE-RATE PERPETUAL PREFERRED STOCK STRC CLOSED AT $74.57, DOWN 1.48% AND TRADING AT AN APPROXIMATELY 25% DISCOUNT TO ITS $100 LIQUIDATION PREFERENCE, WHILE MSTR CLOSED AT $82.31, DOWN 3.54%. MEANWHILE, STRATEGY’S WEBSITE SHOWED ITS MNAV HAD FALLEN TO 0.99, IMPLYING THAT THE COMPANY’S ENTERPRISE VALUE HAD DROPPED BELOW THE MARKET VALUE OF ITS BITCOIN HOLDINGS.
THE FIGURE IS ALSO WELL BELOW THE ROUGHLY 1.22X THRESHOLD PREVIOUSLY IDENTIFIED BY MANAGEMENT AS THE MINIMUM MNAV AT WHICH ISSUING MSTR TO BUY ADDITIONAL BITCOIN REMAINS ACCRETIVE ON A PER-SHARE BASIS. MANAGEMENT HAS PREVIOUSLY INDICATED THAT BELOW THIS LEVEL, ACTIONS SUCH AS SELLING SOME BITCOIN, REBUILDING CASH RESERVES, OR REPURCHASING MSTR COULD BE MORE ACCRETIVE THAN ISSUING ADDITIONAL COMMON STOCK TO ACQUIRE MORE BTC. — LINK
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> IRAN'S STATE MEDIA CITES IRAN'S REVOLUTIONARY GUARDS AS SAYING THE FORCE TARGETED SEVERAL LOCATIONS OF U.S. ARMY DEPLOYMENT IN THE REGION
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> IRAN'S STATE MEDIA CITES IRAN'S REVOLUTIONARY GUARDS AS WARNING THAT ANY FURTHER U.S. ATTACKS WILL DRAW A BROADER RESPONSE
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> PREDICTION MARKETS HIT A RECORD $10.8 BILLION IN WEEKLY TRADING VOLUME IN THE WEEK ENDING JUNE 15 — THEIR BIGGEST WEEK EVER — LINK
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