Important developments in the cryptocurrency and macroeconomic sectors on June 24:

1. Metaplanet makes a large investment in Bitcoin

Japanese company Metaplanet plans to inject $5 billion into its U.S. subsidiary for Bitcoin operations, aiming to hold 210,000 BTC by the end of 2027, demonstrating institutional confidence in BTC's long-term prospects.

2. Trump criticizes Federal Reserve policy

Trump openly criticizes Federal Reserve Chairman Powell for refusing to cut interest rates, stating that Europe has cut rates 10 times while the U.S. has not at all, believing a 2-3 percentage point cut could save the U.S. $800 billion annually.

3. Circle's stock price soars

Stablecoin issuer Circle's stock price surged 749% since its IPO, with a market capitalization reaching $63.89 billion, surpassing the circulating market value of USDC ($61.675 billion) for the first time, reflecting market recognition of its business model.

4. Active trading in the crypto market

DEX spot weekly trading volume reached $97.86 billion (+1.88%), and perpetual contracts hit $103.37 billion (+8.44%).

Binance Alpha's trading volume continues to decline, with $520 million on June 23.

5. Federal Reserve interest rate cut expectations

CME data shows a mere 20.7% probability of a rate cut in July, but Federal Reserve official Goolsbee hinted that rates should continue to be cut if trade policy impacts diminish.

6. Bitcoin ETF continues to attract capital

The U.S. spot Bitcoin ETF saw a net inflow of $388.73 million in a single day, indicating continued institutional funding.

7. MicroStrategy increases BTC holdings

MicroStrategy purchased an additional 245 BTC through financing (average price $105,856), bringing its total holdings to 592,300 BTC, nearing the milestone of 600,000 BTC.