Global Listed Companies Dump BTC as Pressure Mounts on US Stocks

The global stock market remains under pressure, with liquidity flowing out of the Korean market and capital returning to commercial bank savings channels. Despite a sharp rebound last Friday, the market has entered a downward consolidation phase.

In the U.S., cloud providers Microsoft, Amazon, and Google saw their stocks rise after reporting earnings, validating the market's view that they are at the intersection of several contradictions and are ultimately responsible for addressing these issues.

Leopold, the former 'AI stock guru,' was forced to sell public market assets due to leverage losses, but his year-to-date returns remain around 80%.

In the crypto-related stock sector, Coinbase's Q2 earnings missed expectations, causing its stock price to fall nearly 10%. Strategy's report indicated a focus on restoring the STRC par value to restart financing, but its stock price has fallen below $95.