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BlockBeats News, July 4th, JPMorgan Chase & Co. stated that the short-term gold price may be constrained by weakening demand and is expected to remain in a range-bound state. The key reasons are the diminishing purchasing power in key demand areas and gold's renewed sensitivity to changes in real interest rates, which may suppress further price increases.However, the bank maintains a bullish view for the medium to long term. It is projected that in the second half of 2026, gold will gradually rise, with an average price of around $4300 per ounce in the third quarter and rising to approximately $4500 per ounce in the fourth quarter.Looking ahead to 2027, JPMorgan Chase & Co. believes that the price of gold is likely to continue its upward trend. The main driving factors include ongoing gold purchases by various central banks, strengthening physical demand, and the persistent existence of long-term structural allocation demand. These factors will support the enduring appeal of gold as a safe haven and reserve asset.

BlockBeats News, July 4th. According to BitcoinTreasuries.NET, publicly traded companies have collectively purchased a net total of 166,984 BTC since the beginning of the year. This acquisition amount is more than twice the number of BTC mined so far this year, which stands at 81,153 BTC. On average, publicly traded companies have been buying approximately 912 BTC per day this year.

BlockBeats News, July 4th, according to HTX market data, Bitcoin has rebounded to above $62,000, currently trading at $62,084. The Strategy Bitcoin holding is currently at a unrealized loss of 17.93%, approximately $11.5 billion.As of June 29th, the Strategy holds a total of 847,363 BTC, with a total cost of $64.1 billion and an average holding price of $75,651 per BTC.

BlockBeats News, July 4th. The probability of the prediction "Bitcoin to reach $70,000 this year" on the forecasting market platform Polymarket has increased to 65% (from 54% on June 26th). Furthermore, the probabilities of reaching $80,000 and $90,000 are 32% and 19%, respectively.

BlockBeats News, July 3rd, The Kobeissi Letter reported that foreign investors are pouring into the U.S. stock market at a record pace. The cumulative inflow of global investment funds into U.S. stocks since the beginning of the year has risen to about 2.5% of their total assets under management. This ratio has more than doubled since May alone. In contrast, the average level from 2002 to 2025 was an outflow of 0.3%, making the current level significantly higher than the historical average.If we exclude the top 10% of years with the highest fund inflows and the bottom 10% of years with the highest fund outflows from the period 2002 to 2025, the average scale of global funds flowing into U.S. stocks as of the same period is about 1.5% of their total assets under management. The pace of U.S. stock fund inflows this year has exceeded the total annual inflow scale of the middle 50% of years from 2002 to the present, indicating unprecedented demand for U.S. stocks.

BlockBeats News, July 3rd - Chief Economist at Allianz, Ludovic Subran, stated: "The U.S. non-farm payroll data has actually been weak, but I still believe the inflation rate will peak at above 3.7%, and artificial intelligence, fiscal stimulus, and the energy sector are still supporting economic growth. The Fed may have to raise interest rates in September. I believe this is where the true divergence between Europe and the U.S. lies."Subran believes that after the rate hike last month, the European Central Bank will not take action again. "That was a precautionary rate hike, but based on the current data, it seems that phase is over," he said. "The trauma effect of the (Iran) war will take time to show, the economy is still bearing the cost of the war, but the situation is much better now than it was a few weeks ago." (FXStreet)

BlockBeats News, July 3rd, according to Coinglass data, if Bitcoin breaks through $63,000, the total short liquidation strength of mainstream CEXs will reach $657 million.Conversely, if Bitcoin falls below $61,000, the total long liquidation strength of mainstream CEXs will reach $526 million.BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., strength.Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade once it reaches that level.

BlockBeats News, July 3rd, Serenity's post stated that from the perspective of AI investment in China's primary market, institutional funds are flowing into directions such as Embodied AI, Physical AI, and World Models. It cited that the funding scale for Large Models/LLM is approximately $23.56 billion, AI infrastructure and technology layer is around $15.74 billion, Embodied AI/Physical AI is about $13.36 billion, AIGC Applications are around $8.79 billion, and Autonomous Driving and other Top-20 clusters are about $3.82 billion, but this category is not entirely comparable to the aforementioned.Early-stage pure basic model financing has essentially closed, and more funds are flowing to leading companies and World Model companies. It believes that a similar trend may also appear in the U.S. market, with funds concentrating on top companies like Anthropic and OpenAI, where "World Models have become the biggest consensus in early-stage investment." Months ago, it was believed that 4D AI/World Models would be the most noteworthy direction going forward and mentioned that AEVA might offer relevant exposure, but there are currently no clear pure targets in the market, or one may need to wait for the next wave of IPOs in this field.Serenity stated that AIGC Applications are the most mature area for the commercialization of AI technology, but there are currently no clear winners. Funds are still flowing towards AI infrastructure and the semiconductor supply chain, while a significant amount of capital is rotating into Physical AI, Embodied AI, Humanoid Robots, and World Model directions, with the cutting-edge model field continuing to concentrate on top companies.

BlockBeats News, July 3, Semiconductor and AI independent research firm SemiAnalysis published an article stating that JEDEC announced the SPHBM4 new standard last week, namely the High Bandwidth Memory standard JESD330-4. SPHBM4 uses the same DRAM stack as HBM4, but switches to a different buffer chip. The goal is to achieve HBM assembly in a standard package and alleviate the AI advanced packaging bottleneck. The concept of SPHBM4 is to maintain the performance of HBM4 while significantly reducing reliance on expensive and supply-constrained advanced packaging.SPHBM4 is a significant positive development for the substrate industry. On the one hand, traditional HBM must be kept very close to the GPU because the wide parallel signals quickly attenuate with distance. In contrast, SPHBM4 uses high-speed serial channels, allowing the memory to be placed up to 20 mm away. With the expansion of the package size, the total area of substrate material required per chip will increase significantly. On the other hand, direct 32 Gbps signals passing through the organic substrate will increase electrical complexity. SPHBM4 will drive the use of high-end high-density ABF substrates with 20 to 28 layers or more, as well as future glass substrates.It is indicated that SPHBM4 will shift the AI chip's complex engineering burden from the "silicon interposer + ABF substrate" combination to oversized, high-layer-count ABF substrates, and even accelerate the adoption of glass substrates in advance. "The prosperity of substrates is just beginning."

BlockBeats News, July 3rd, according to HyperInsight monitoring, the "Whale Whisperer" Huang Licheng address continues to accumulate ETH in a long position. Currently, the address is holding 5325 ETH in a 25x leveraged long position, with an average entry price of $1655.27, enjoying an unrealized gain of $500,000.

BlockBeats News, July 3rd, according to Hyperinsight monitoring, in the past 2 hours, a recently established address (0x0ad9) has taken a 4x long position on 8,205.3 shares of MU (Micron Technology), with a position size of $8.4 million, and an entry price of $1,036.8, currently slightly underwater. Additionally, the address has also opened a $2 million long position on SKHX, with an average price of $1,597.It is reported that this address was created in June with a fund size of around $10 million. Over the past two weeks, in late June, it had taken a long position in the semiconductor sector and made a profit. Subsequently, it completed a round of short positions in the last two days, at one point maintaining a short position while waiting. The accumulated profit in the past two weeks has exceeded $5.3 million.

BlockBeats News, July 3rd, Strategy founder Michael Saylor posted stating that the future of Bitcoin is shaped by a dynamic consensus among nodes, miners, and holders. Influence is weighted by power: nodes rely on transaction power, miners rely on hash power, and holders rely on economic power.He stated that protocol changes only take the lead when validation, security, and capital are aligned.

BlockBeats News, July 3rd, according to Bubblemaps monitoring, a wallet cluster had previously purchased 2.7% of the ANSEM supply through 4 associated wallets shortly after ANSEM's launch. Subsequently, on June 19th, they sold all, making a profit of about $2,000. Based on the current price, the value of this holding is approximately $4.7 million.

BlockBeats News, July 3rd. The Kobeissi Letter published an article stating that the leverage level of the South Korean stock market has reached an extreme state. The assets under management of Korean leveraged ETFs have risen to a historical high of about $45 billion, an increase of about 800% since early 2026.It pointed out that the leverage exposure as a percentage of free float market capitalization has risen to a historical high of about 2.9%, more than three times higher than the January level. Free float market capitalization refers to the portion of a company's stock that is actually available for public trading.Meanwhile, the asset size of the 2x long SK Hynix ETF listed in Hong Kong briefly rose to about $15 billion, making it the world's largest single stock leverage product. In comparison, the asset sizes of the four major 2x long ETFs tracking Micron (MU), NVIDIA (NVDA), SanDisk (SNDK), and Tesla (TSLA) have never exceeded $10 billion.

BlockBeats News, July 3rd, Galaxy Research Director Alex Thorn stated in a post that the capital management adjustment announced by Strategy on Monday was a significant turning point for the company. In the previous weeks, the Strategy preferred stock "digital credit" system came under pressure, with the preferred stock STRC dropping below its $100 face value and hitting a historical low of $71.25 on June 26th. The market began to question how the company would pay the continuously increasing preferred stock dividends.Strategy then announced a new digital credit capital framework, including a USD reserve policy approved by the board, a revised STRC dividend policy, a $1 billion preferred securities repurchase authorization, a $1 billion MSTR common stock repurchase authorization, and a BTC realization plan. Additionally, the board raised the STRC annualized dividend yield from 11.5% to 12%, applicable to semi-monthly dividends on and after July 1st. Following the announcement, MSTR rose 12.6% to approximately $92.70 on Monday, and STRC rose 12.2% to around $83.70.Thorn believes that Strategy's approach is prudent but may not permanently solve the structural issues. The company still has a large preferred stock system and ongoing payment obligations, with $6.7 billion in convertible bonds maturing in 2027 and 2028. The market's real concern is not that Strategy lacks assets but whether it has enough USD liquidity to pay dividends without harming BTC holders, MSTR common stockholders, or preferred stockholders. By raising over $1 billion in cash through the sale of common stock, establishing a 12-month minimum cash reserve policy, and increasing the current cash coverage to approximately 17 months, Strategy has bought itself time.The most controversial aspect is the BTC realization plan, which wording seems to explicitly suggest that Strategy may sell BTC from time to time. Thorn does not want to see Strategy selling Bitcoin because the company's identity and MSTR premium are built on its narrative as a long-term BTC exposure tool, and selling BTC would undermine this story. However, he also believes that selling a small amount of BTC to prevent a disorderly capital structure spiral, protect preferred stocks, and await a better market environment could be justified. Strategy should explore how to generate income from its held BTC assets without necessarily selling spot BTC. This includes lending out a small amount of segregated BTC on conservative terms or gaining volatility returns through option strategies.