Murphy: There is strong support around $60000 for Bitcoin, and the option structure shows a temporary bottom

NextGen Venture founder Jason Huang stated that Strategy (MSTR) issued new shares through ATM last week, which did not increase its Bitcoin holdings per share, but instead diluted the mNAV multiple. The number of bitcoins per share is decreasing, and the official mNAV indicator has dropped to 1.1 times. Jason Huang stated that once Strategy lags behind Bitcoin by 10%, each ATM issuance will dilute the Bitcoin holdings per share, and a death spiral will begin.

LastPass announced that a security incident occurred on third-party platform Klue, where hackers used stolen OAuth tokens to access LastPass's Salesforce CRM system, resulting in data breaches such as customer names, phone numbers, email addresses, home addresses, and support cases. LastPass confirms that its products, services, infrastructure, and customer password repositories have not been affected, and Gong system data has not been accessed. LastPass has suspended employee access to Klue and rotated API tokens, while working with Klue, Salesforce, and law enforcement to investigate.

According to BIT analysis, during the sideways trend of Bitcoin spot trading, some mining stocks strengthened, and mining companies extended their business to AI computing power custody and infrastructure services. The market began to incorporate mining companies' infrastructure assets, customer contracts, and landing execution capabilities into valuation logic.

On June 24th, Hypersurface, the on chain execution layer of volatility strategy, announced the acquisition of Acre, a provider of Bitcoin vault infrastructure, for an undisclosed amount. Hypersurface combines Acre's Bitcoin deposit and allocation technology with Hypersurface's on chain volatility execution engine to launch HSBPI, a Bitcoin strategy vault managed by Monarq Asset Management. Existing Acre users can migrate their deposits to HSBPI and continue to self manage their Bitcoin.

[Altura Updates Treasury Disposal Progress, Redemption Remains Suspended] Altura released a community update stating that redemption remains suspended and will only be reopened once all treasury assets have been fully recovered, credited, reconciled, and independently verified. Currently, no security incidents have occurred, and no asset losses have been reported. The market-making strategy has been fully exited, with approximately $9.6 million in funds; about 90% of the MF-One position has been lent through Morpho, with approximately $1.27 million in funds managed by Cobo; the Inessa position has initiated its exit, with an estimated recovery of approximately $21.91586 million, which will subsequently be transferred to Altura's bank account in batches of $1 million to $2 million per banking day. Negotiations for the exit of the Travessia Credit position are still ongoing. Altura believes that all AVLT holders will eventually be able to redeem their holdings in full.