Bitcoin drops toward $62,000 as the chip selloff deepens for a second day

[CryptoQuant Analyst: Suggests Strategy Halt Bitcoin Purchases and Accumulate Cash] According to Decrypt, CryptoQuant analyst Julio Moreno has suggested that Strategy stop purchasing Bitcoin and accumulate cash to alleviate pressure on preferred stock STRC. STRC fell to $79.85 on Wednesday, with the dividend coverage ratio dropping to a 14-month low. Strategy needs to rebuild cash reserves to cover 24 months of dividends and establish a Bitcoin trading framework. Currently, Strategy holds 847,363 Bitcoins, valued at approximately $50 billion, with annual dividend obligations rising to $1.2 billion.

The SlowMist security team has issued an alert stating that a variant of the Shai Hulu/Miasa/Hades npm malware is affecting the npm ecosystem and is related to the damaged npm developer account czirker. The attack utilized a pre configured binding.gyp file to execute malicious code during the npm install process. Currently, 23 affected packages have been confirmed, including 3140 weekly downloads of Leo logger, and 408 affected GitHub repositories containing stolen credentials have been detected.

Bitcoin falls to $62000, market questions effectiveness of option's biggest pain point theory According to CoinDesk, Bitcoin weakened before the expiration of the $10 billion option, with a price below the maximum pain point price of $72000, raising doubts in the market about the validity of this theory. Bitcoin fell from $67000 to below $60000, deviating from the theoretical expectation of its biggest pain point. Wintermute over-the-counter trader Jasper De Maere stated that there has been no significant price anchoring in the market recently. Deribit stated that the June quarter option expiration is a significant liquidity event this year, with a large number of contracts expiring or rolling over into subsequent cycles.

According to Nikkei News, SBI Group announced the acquisition of Japanese cryptocurrency exchange Bitbank for 46.7 billion yen (289 million US dollars). SBI's cryptocurrency custody balance is expected to exceed 1 trillion yen (approximately 6.2 billion US dollars). SBI Holdings' subsidiary will acquire Bitbank shares from individual shareholders in August, and Bitbank will acquire shares held by Mixi and Ceres by the end of October. After the merger, the total number of accounts is about 2.92 million, and the total assets under custody are about 1.1 trillion yen. SBI Holdings disclosed in May that it is in talks for capital business cooperation regarding the subsidiary of Bitbank.

According to US media reports, SK Hynix is expected to issue American Depositary Receipts on NASDAQ on July 10th, with plans to raise $30 billion.