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30-year Treasury yields rose by 10 basis points to 3.93%, and 20-year Treasury yields jumped nearly 9 basis points to 3.64%. The yen fell to its lowest level against the US dollar in 40 years. The government led by Sanae Takaichi unveiled a roadmap planning to achieve more than 370 trillion yen (2.3 trillion US dollars) in public and private investment in strategic sectors such as artificial intelligence and semiconductors by fiscal year 2040, intensifying market concerns over Japan’s massive debt-to-GDP ratio. The prime minister’s inclination toward monetary easing is also seen as a potential barrier to Bank of Japan rate hikes. Ryutaro Kimura, senior bond strategist at BNP Paribas Asset Management, said: “Investors are increasingly focusing on the Takaichi government's fiscal policy, as well as the government’s political pressure on the Bank of Japan, which is dampening market expectations for rate hikes in the near term.”

CryptoQuant analyst Axel Adler Jr. pointed out that the MVRV ratio of long-term Bitcoin holders has dropped to 1.24, marking the lowest level in nearly three years. The cost basis for long-term holders has risen to $48,400, while the BTC price has fallen back to $59,000, putting the average profit for long-term holders at 24%. The volume held by long-term holders has reached 16.1 million BTC, a record high, while the selling indicator continues to remain low. The analyst believes that the MVRV ratio usually approaches the bottom when it nears 1.0, but currently, it has not yet entered the green surrender zone.

Foresight News reported that the UK-listed company The Smarter Web Company has released its interim performance update. As of June 30, its Bitcoin treasury held a total of 2,878 BTC. In June, the company added 100 BTC at an average price of approximately £57,700. The Bitcoin yield rate for the second quarter reached 15.29%. Currently, the average holding cost of Bitcoin is £80,950, with a total investment of about £233 million.The company stated that the Bitcoin treasury is a core strategy on its balance sheet, and it will continue accumulating Bitcoin without diluting equity, aiming to increase the amount of Bitcoin per share in the long term. The company is currently employing moderate leverage on its holdings through a financing tool provided by an exchange, with a leverage ratio of about 16.3%. As of June 29, the ratio of the company's enterprise value to its Bitcoin holdings was 0.84, indicating a discounted state.