Daily Update — 8 Jun 2026

Israel struck Iran after being targeted by missiles, in the most serious exchange since the April ceasefire. AP reported the flare-up also hit mediation efforts and kept focus on the Strait of Hormuz, a key oil chokepoint whose disruption has been central to this year’s inflation shock.

Global shares slid Monday, with South Korea’s Kospi leading losses after heavy selling in chip names and an unwind in the AI trade. AP said the move followed Wall Street’s worst day since October, while oil also jumped overnight on the latest Israel-Iran exchange before easing back.

Strategy bought 1,550 BTC for about $101 million, lifting its holdings to 845,256 BTC. CoinDesk reported the company funded the move with $181 million in stock sales and rebuilt its cash reserve to $1 billion, a notable reversal after last week’s market-rattling 32 BTC sale.

The next big catalysts for bitcoin are now Wednesday’s U.S. CPI release and Thursday’s European Central Bank rate decision. CoinDesk said a hot inflation print could reinforce a restrictive Fed stance and worsen recent ETF outflows, while the ECB move will shape the broader rates backdrop for risk assets.

CME’s new contracts tied to its four-week bitcoin volatility index have begun trading, with Monarq and DV Chain executing the first block trades. The launch gives institutions a regulated way to trade or hedge expected BTC volatility directly instead of betting only on price direction.

CoinDesk reported bitcoin’s MVRV Z-Score has dropped to 0.24, close to the zone that marked prior bear-market lows in past cycles. The piece cautions that long-term and short-term holder profitability has not fully converged yet, so the signal points to deep value conditions but not necessarily a confirmed bottom.