The three major futures indexes of the US stock market have turned down

[Peter Schiff: The Logic Behind Bitcoin's Resilience Lacks Basis, Risk of Dropping to $20,000 Should Not Be Underestimated] Peter Schiff posted on the X platform, stating that the widespread belief that Bitcoin dropping to $20,000 is nearly impossible lacks basis. Bitcoin fell below the $20,000 level approximately 3.5 years ago, and the possibility of returning to that price range cannot be ruled out. Given that Bitcoin is more volatile than most stocks, a significant pullback under changes in macroeconomic or liquidity conditions is entirely reasonable. The market should not underestimate the downside risk.

Castle Securities analyst Scott Rubner pointed out that retail investors have been buying on dips at a record pace this year. Data shows that on days when the S&P 500 index fell, retail investors bought 3.5 times the daily average; Bargain buying is the preferred strategy for retail investors in the first half of 2026. The scale of this behavior exceeds the period of the meme stock craze in 2021, making it the strongest bargain hunting buying behavior of Castle Securities since tracking data in 2020.

Coinbase revealed in a CNBC livestream that over 40 countries worldwide have included Bitcoin in their national reserves. （The Bitcoin Historian）

At the opening of the US stock market, the Dow Jones Industrial Average rose 0.1%, while the S&P 500 Index and Nasdaq were close to opening flat. Nvidia (NVDA. O) rose 0.6%, Oracle (ORCL. N) fell 0.2%, SpaceX (SPCX. O) rose 0.4%, and Tesla (TSLA. O) fell 0.9%. SanDisk (SNDK. O) rose 1.2% as Bernstein raised its target price for SNDK. O from $1700 to $3000.

According to Bloomberg, Zach Abrams, co-founder and CEO of Bridge, a subsidiary of Stripe, will temporarily serve as the CEO of Open Standard. Visa、Stripe、BNY Mellon、BlackRock、Klarna、Chime、Alphabet、Coinbase More than 100 fintech companies, payment networks, crypto companies, and banks have jointly established the stablecoin alliance Open Standard, planning to issue the US dollar stablecoin Open USD and integrate it into their respective systems later this year.