[News Brief] Jun 27, morning | U.S. Military Strikes Iranian Facilities

BTC Falls Below $60,000

BTC fell below $60,000, according to PANews.

According to OKX market data, BTC was trading at $59,981.90, down 0.57% on the day.

U.S. Military Strikes Iranian Facilities

U.S. Central Command said on June 26 that the U.S. military struck Iranian missile and drone storage facilities as well as coastal radar sites.

According to Odaily, the strike was in response to a one-way attack drone launched by Iran that hit the cargo ship Ever Lovely while it was transiting the Strait of Hormuz on June 25.

U.S. Central Command said the Iranian attack on a commercial vessel violated the ceasefire agreement and undermined freedom of navigation. It added that the U.S. military will continue supporting the safe passage of commercial vessels through the strait and remain on alert to ensure compliance with the agreement involving Iran.

Trump: 100% Tariffs on Imports From Countries Imposing Digital Services Taxes

President Trump said he would immediately impose 100% tariffs on imports into the U.S. from countries that levy digital services taxes on American companies.

Odaily reported that Trump said several European countries are discussing the introduction of digital services taxes targeting U.S. companies, and that some are close to implementation. The remarks came as trade tensions between the U.S. and Europe over digital taxes resurfaced.

Strategy's mNAV Falls to 0.99

Strategy's mNAV fell to 0.99, indicating that the company's enterprise value has dropped below the market value of its Bitcoin holdings.

According to Wu Blockchain, as of the June 26 U.S. market close, Strategy's floating-rate perpetual preferred stock STRC fell 1.48% to $74.57, trading at about a 25% discount to its $100 liquidation preference. MSTR declined 3.54% to $82.31.

The mNAV displayed on Strategy's website was 0.99, meaning the company's enterprise value is now lower than the market value of the Bitcoin it holds.

This is well below the roughly 1.22x threshold management had previously cited as the minimum level at which issuing additional MSTR shares to buy more Bitcoin would not dilute per-share value.

Management had previously said that if mNAV falls below that threshold, actions such as selling some Bitcoin, increasing cash holdings, or repurchasing MSTR shares may be more favorable to shareholder value than issuing additional common stock to buy more BTC.

Ripple CEO Criticizes Strategy's BTC Financing Model

According to Odaily, Ripple CEO Brad Garlinghouse criticized Strategy and Chairman Michael Saylor's method of financing Bitcoin purchases in a CNBC interview.

Garlinghouse said, “Financial engineering cannot create long-term value,” adding that the value of digital assets must ultimately come from real utility. He said he remains positive on Bitcoin but opposes the strategy of continuously buying BTC through complex financial structures.

The core of the criticism was Strategy's method of raising funds for Bitcoin purchases by issuing preferred stock. One of Strategy's preferred shares, STRC, carries an 11.5% annual dividend obligation and has recently traded at about a 25% to 26% discount to its $100 par value, according to reports.

Garlinghouse said STRC's recent price behavior is a “serious negative signal” regarding Strategy's Bitcoin acquisition strategy.

Trump: Iran Launched Four Drones at Vessel in Strait of Hormuz

Source: Odaily

President Trump said Iran launched at least four one-way attack drones at a vessel transiting the Strait of Hormuz.

Trump criticized the attack as a violation of the ceasefire agreement. The Strait of Hormuz is a critical maritime route for Middle Eastern oil shipments, and rising geopolitical tensions there could affect global risk-asset sentiment.

U.S. CLARITY Bill Less Likely to Pass in 2026

Source: Odaily

Galaxy's head of research said on X that the likelihood of the U.S. CLARITY bill passing in 2026 has declined further.

He cited a shortening legislative calendar and growing competition from other agenda items for floor time. However, he said a vote in July remains possible and that he hopes the bill can secure 60 votes, though the outlook remains uncertain for now.

The CLARITY bill is intended to clarify U.S. digital asset market structure and regulatory authority, and the industry has been closely watching it as a key regulatory issue.

3,968 BTC Transferred From Coinbase Institutional to New Wallet

According to Whale Alert, 3,968 BTC was transferred from Coinbase Institutional to an unidentified new wallet. The transfer was worth about $239.29 million.

Large transfers from exchange-linked wallets to external wallets are sometimes interpreted as a sign of reduced sell pressure, though in this case the nature of the receiving wallet has not been identified and it may simply be a custody transfer.

Gold and Silver Rise; BTC and ETH Volatility Indexes Increase

Gold and silver prices rose together, while cryptocurrency volatility indexes also moved higher.

According to Odaily, based on the latest Gate data, gold rose 1.58% intraday to $4,052.89 per ounce. Silver gained 1.11% to $58.358 per ounce.

The BTC Volatility Index (BVIX) rose 6.45% intraday to 46.72. The ETH Volatility Index (EVIX) increased 1.98% to 59.76.

In the FX market, the USD/CNH exchange rate rose 0.03% to 6.80343, while USD/JPY fell 0.06% to 161.657.

Major European indexes were weaker. The Euro Stoxx 50 fell 0.24%, the UK's FTSE 100 declined 0.73%, and Germany's DAX 40 dropped 1.36%.

Oil prices also fell. WTI crude declined 2.41% to $70.36 per barrel, and Brent crude fell 2.63% to $73.71 per barrel.

Higher volatility indexes indicate that expectations for price swings in the options market have increased, suggesting the possibility of greater short-term volatility in the crypto market.

20x Short Whale Re-Enters After $4.4 Million Profit

According to Odaily, Lookonchain monitoring showed that a whale who had previously opened 20x leveraged short positions in Bitcoin, Ethereum, and Solana fully closed those positions after four days, realizing about $4.4 million in profit.

The address then re-entered with new high-leverage short positions. The new positions include 912.9 BTC, worth about $54.55 million, and 10,025 ETH, worth about $15.65 million.