Galaxy CEO: MicroStrategy has evolved into a key confidence signal for the overall Bitcoin market, with $59,000 serving as a critical support level.
Galaxy Digital CEO Mike Novogratz stated that the core reason for Bitcoin’s recent decline is a "confidence collapse triggered by Strategy". The issue extends beyond Bitcoin’s price itself: concerns over Strategy’s financing model are spreading across the market. As the world’s largest public corporate holder of Bitcoin, Strategy’s stocks and senior securities have become key metrics for traders to gauge Bitcoin market risk. Earlier, the company’s Bitcoin flywheel effect came under pressure, with its stock once trading below the value of its Bitcoin holdings—meaning its years-long reliance on the "issuing stock at a premium to raise funds for Bitcoin purchases" model is now facing challenges. Novogratz bluntly noted that STRC (Strategy’s ticker) is trading weakly, and it should have held steady around $100. Currently, Strategy’s annual dividend obligations have risen to roughly $1.2 billion, and shrinking cash reserves have cut the dividend coverage period to just about 14 months. On the macro front, Bitcoin also faces pressure. Novogratz summed up the current market logic as "a strong dollar means a weak Bitcoin": hawkish central bank signals and a strengthening US dollar are suppressing demand for risk assets. Technically, the $59,000 to $60,000 range has become a critical support level for Bitcoin; a break below could open downside space to $45,000. Novogratz also admitted the current situation is complex, with an equal 50/50 probability of a rebound or deep correction. ETF outflows, weak liquidity, and cautious positioning in the options market further confirm the market’s fragile sentiment. Today, Strategy’s balance sheet health, STRC’s price performance, and cash position are no longer just company-level issues—they have evolved into a confidence signal for the entire Bitcoin market.
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Security Alert: Etherlink EVM Bridge Targeted by Attack Attempt, All Transfers Suspended
Etherlink has issued a security alert, announcing that its Etherlink EVM Bridge was subjected to an attack attempt. As a preventive measure, all transfers have been suspended to protect user funds, and no losses have been recorded so far. Etherlink is working closely with LayerZero, Asymmetric Research, and Zeeve to investigate the incident and ensure the attack attempt is fully mitigated. No timeline for restoring services has been established.
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ZachXBT: X Platform’s algorithm has created a “traffic dilemma” for cryptocurrency content, with such content easily confined to vertical niche circles.
On-chain detective ZachXBT stated that during X Platform’s migration from its traditional direct messaging system to XChat, multiple technical bugs emerged. Additionally, the platform’s search function has become less reliable, hurting information retrieval efficiency. More critically, X’s algorithm has created a “traffic dilemma” for cryptocurrency content, causing such posts to be confined to the crypto niche and reducing their ability to reach a broader audience.
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ForeGate teams up with Michael Owen, OKX and others to release the World Cup AI Prediction Research Report
According to official announcements, ForeGate Supercomputing Database, in collaboration with Michael Owen, OKX, WEEX, and OnebullEX, has officially released the *ForeGate 2026 World Cup Winning Guide* mid-tournament research report. The report integrates ForeGate’s AI prediction model and OKX.ai’s data path simulation to systematically analyze the 48 participating teams in the 2026 FIFA World Cup (co-hosted by the U.S., Canada, and Mexico), covering their qualification odds, advancement paths, championship win probabilities, win/draw/loss trends, and handicap betting tendencies. The model currently boasts an overall prediction accuracy rate of 93.8%, demonstrating strong advantages in match outcome responsiveness, points calibration, and potential matchup path judgment. ForeGate stated that during the World Cup, it will continuously update its predictions based on match results, team form, and model simulation outcomes to help users understand the probabilistic logic behind schedule changes. Additionally, ForeGate’s million-dollar World Cup prediction campaign is ongoing, where users can participate in match predictions to split the $1 million prize pool.
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