BitMine: Strategy’s new framework helps stabilize investor confidence, earning recognition from fellow crypto peers.

Ripple has launched the XRPL Lending Protocol, an on-chain credit infrastructure for tokenized assets. The protocol’s core principle is to keep credit assessment off-chain while only standardizing execution processes on-chain. Institutions handle their own underwriting and compliance reviews, with the protocol responsible for standardized execution of liquidity pooling, loan disbursement, repayment, and default handling. The protocol comprises two components: the Single Asset Vault, which manages on-chain pooling of individual assets; and the Lending Protocol, which disburses vault liquidity as loans with clear terms. The two correspond to the XLS-65 and XLS-66 proposals respectively and are pending approval from validator nodes. At the infrastructure level, the protocol supports a subordinated capital mechanism, where pool managers assume risk exposure senior to that of other liquidity providers. Developers can now access and test the protocol on the devnet.

Local time on the 29th, Oman’s Ministry of Foreign Affairs released excerpts from an interview with Foreign Minister Badr. Badr stated that Oman is committed to maintaining a safe, peaceful, and free navigation environment for all parties in the Strait of Hormuz. He pointed out that Oman and Iran have reached a consensus in their ongoing dialogues that any future arrangements related to the Strait of Hormuz must be conducted within the framework of international law. Addressing the widely discussed transit fee issue, Badr said Oman does not support levying tolls on passing vessels, though he did not rule out the possibility of exploring mechanisms related to maritime services. Badr added that topics such as strengthening navigation safety, improving maritime accident emergency response capabilities, and preventing marine pollution could be discussed, with reference to practices from other straits. He noted that such arrangements would be developed in consultation with countries and shipping companies that use the Strait of Hormuz, aiming to enhance maritime services and ensure navigation safety rather than imposing new burdens on global trade. (CCTV News)

US President Trump posted: "We just secured a major victory in the Supreme Court’s Slaughter case. The court confirmed that, under Article II of the U.S. Constitution, the president has the authority to remove executive branch officials as well as officers or representatives appointed by executive agencies. This ruling is a long-sought outcome for successive U.S. presidents since the 1930s. I am deeply honored to have won this historic, unprecedented ruling as the sitting president. This is one of the most important rulings concerning presidential power issues." Earlier reports noted that the U.S. Supreme Court ruled 5-4 to allow Federal Reserve Governor Lisa Cook to remain in office temporarily, and the removal dispute between her and President Donald Trump will continue to be resolved through judicial proceedings.

According to Goldman Sachs data, hedge funds sold the largest amount of U.S. information technology stocks in the week ending June 25 since records began in 2016. This figure even surpasses the level seen in August 2024, when the Nasdaq 100 index fell more than 10% to enter correction territory. Meanwhile, the share of Magnificent 7 stocks in total U.S. hedge fund exposure dropped to 14.5%, near a three-year low. This percentage has declined by 7 percentage points since the start of 2026, marking the largest six-month drop since the 2022 bear market. The above data shows that hedge funds are cutting their exposure to U.S. tech stocks.

According to an Axios reporter, U.S. envoy Witkoff and Trump senior advisor Kushner will travel to Doha today, meeting Qatar’s prime minister and other officials on Tuesday to discuss negotiations with Iran. On Wednesday, technical teams from the U.S. and Iran will hold separate meetings with Qatari and Pakistani mediators respectively.

Multiple analysts have recently warned that US equities will face $165 billion in selling pressure from large institutions by the end of June, driven by quarterly rebalancing requirements. According to JPMorgan’s analysis, the selling pressure mainly comes from five major institutional pools: - US fixed-income pension funds, which manage roughly $9.6 trillion in assets, are expected to contribute around $55 billion in stock sales, as their rebalancing discipline is relatively loose and typically only partial rebalancing is implemented. - Japan’s Government Pension Investment Fund (GPIF), with approximately $1.9 trillion in assets under management, is projected to sell around $60 billion in global stocks while buying bonds. - Norway’s sovereign wealth fund, managing about $2.1 trillion in assets, is expected to sell roughly $40 billion in stocks to align with its target allocation by the end of 2025. - The Swiss National Bank (SNB), whose equity weighting has risen, is expected to sell around $25 billion, a figure that could decrease if it raises its target equity weighting. - Balanced mutual funds, with around $4 trillion in assets, due to their stricter monthly rebalancing rules, may post small net stock purchases (about $15 billion) this month, partially offsetting the aforementioned selling pressure. Per past public records, institutional selling pressure is likely concentrated in the final days of the quarter, with some funds executing trades ahead of market close, leading to notable selling pressure at the end of trading sessions. BlockBeats Note: Quarterly rebalancing is primarily driven by institutions’ clear policy asset allocation targets, such as 60% stocks and 40% bonds. After a sharp rally in stocks during the quarter, the equity weighting will exceed the target, triggering a rebalancing signal. Therefore, recently surging AI-related US equities will be the first to face divestment from these institutions.