Bitcoin is settling below $60,000, trading at $59,500, as markets await the U.S. core PCE inflation data expected to show stickiness. MicroStrategy (MSTR) shares hit a multi-year low of $87, down 7.6%, while its preferred stock STRC plunged to a record low of $76.70, down 5.1%. Arkham Research clarified that unlike Terra Luna, Strategy cannot be liquidated, as it is not forced to pay STRC dividends. Meanwhile, Gnosis's official X account was hacked and used to post a fake rewards link; Gnosis Pay warned users not to interact. OpenAI is reportedly leaning toward delaying its IPO until 2027, citing market choppiness and SpaceX's post-IPO dip. Coinbase CEO Brian Armstrong endorsed the four-year Bitcoin cycle theory, predicting a bottom around October 2026. IREN signed a multiyear jersey sponsorship with the Golden State Warriors. Apple hiked Mac and iPad prices by 15-25% due to rising memory chip costs, while keeping iPhone prices unchanged for now.

Key facts

• Bitcoin trades at $59,500, settling under $60,000 as bear market sentiment persists.
• MicroStrategy common stock hits multi-year low of $87; STRC preferred stock drops to record $76.70.
• Arkham says Strategy cannot be liquidated like Terra Luna, as STRC dividends are not mandatory.
• Gnosis official X account hacked to post fake rewards link; users warned not to interact.
• OpenAI leans toward delaying IPO until 2027, citing market choppiness and SpaceX post-IPO dip.

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