🐂 Bull Season

Will bulls be back in summer? Plus, MSTR goes shopping.

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Happy Thursday, Zingernation! Will crypto bulls come back in summer and fall? Benzinga got exclusive insights from industry experts and here’s what they say.

Today, we cover the ongoing DJT TrumpCoin saga, MicroStrategy buying more Bitcoin and more.

Plus, our partner brings a first-of-its-kind digital solution to the global commodities supply chain sector.

MARKET SNAPSHOT

TOP STORY

Briefly: Does Sell in May and Walk Away also work for crypto? Looking at trading volumes in summers, you might think so. They drop 18% on average.

So Basically: Benzinga spoke to experts and they say most retail traders and institutions cut back on trading activities due to the holiday season.

So Then: Fall is "one of the best times" to trade cryptocurrencies due to the injection of fresh liquidity by investors returning from vacations.

So What: Experts Benzinga talked to predict there will be a surge in activity and prices in fall and they cite several reasons for that.

TOGETHER WITH RESOURCE STOCK DIGEST

Amazingly, the $11T global commodities sector still runs primarily on paper transactions and phone calls! 

And thus, a comprehensive digital solution for moving commodities around the world has been long, long overdue.

One tiny company — trading completely undiscovered around 15-cents per share — has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. 

Click here to read more.

FIVE ZINGERS

Approved: Pharma bro Martin Shkreli alleges that Barron Trump launched the DJT meme coin with his father’s approval. But that’s not all…

No Way: Former Trump advisor Roger Stone isn’t having any of that. He said Trump senior and his son were not involved in creating the coin at all.

Shorted: Dogecoin funding rates have turned negative, meaning more capital is shorting than longing it. What does the future hold for Doge?

Not Done: Dogecoin’s rival Shiba Inu is also having a torrid time, down 12% over the past week. But it’s not done yet, according to this trader.

Competition: Argentina’s president Javier Milei has no issue with Bitcoin. He said if you want to use it, you are more than welcome to.

FINTECH FOCUS

Briefly: MicroStrategy announced it has purchased $800 million more worth of Bitcoin, sending MSTR higher in Thursday.

What Happened: MicroStrategy said on June 18 it completed its previously announced offering of 2.25% convertible senior notes due 2032.

What Else:The company announced that it acquired approximately 11,931 bitcoin with the proceeds at an average price of approximately $65,883 per bitcoin.

Why It Matters: The company held 226,331 bitcoin as of June 20, making it one of the biggest Bitcoin holders in the world.

TOGETHER WITH RESOURCE STOCK DIGEST

Amazingly, the $11T global commodities sector still runs primarily on paper transactions and phone calls! 

And thus, a comprehensive digital solution for moving commodities around the world has been long, long overdue.

One tiny company — trading completely undiscovered around 15-cents per share — has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. 

Click here to read more.

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