CoinEx chief analyst Jeff Ko believes bitcoin could continue trading sideways around the $65,000 mark as investors assess falling oil prices, a 10-year Treasury yield near 4.7%, and a packed schedule of earnings from major technology companies.

Bitmine Immersion, the crypto treasury firm associated with Tom Lee, added 9,946 ETH to its holdings last week, increasing its total ether reserves to 5,787,414 tokens.

The company also expanded its share buyback program, repurchasing 6.1 million common shares compared with 5.5 million shares during the previous week.

Tom Lee said the increased repurchase activity reflects confidence that the improving ETH/BTC ratio, despite weaker expectations for the Clarity Act passing in 2026, points to strengthening conditions in the crypto market.

BMNR shares gained 4.9% in pre-market trading as ether prices climbed roughly 3% over the past 24 hours.

Bitcoin treasury firm Strive disclosed that it purchased 79 BTC last week, raising its total bitcoin holdings to 20,000 coins.

The company also bought an additional 808 shares of Strategy’s STRC preferred stock, increasing its total STRC position to 43,879 shares.

According to a Monday SEC filing, Strive financed the purchases using a combination of cash reserves and proceeds from common stock sales.

Strategy boosted its USD Reserve by $525 million last week, bringing the total balance to $3.75 billion. Executive Chairman Michael Saylor said the reserve now represents around 2.1 years of preferred stock dividend coverage.

The company raised $544.5 million through the sale of more than 5.4 million common shares, according to regulatory filings.

Strategy used $25 million of those proceeds to repurchase 288,930 shares of its STRC preferred stock.

The firm made no changes to its bitcoin holdings, which remain at 843,755 BTC.

MSTR shares rose 2.8% before the market opened, supported by a slight weekend recovery in bitcoin, while STRC gained 2.45%.

Chinese memory chipmaker CXMT surged following its IPO, with shares climbing about 466% and pushing its market value to nearly $484 billion.

The company, viewed as China’s competitor to Micron, SK Hynix, and Samsung, became the country’s most valuable publicly traded company, overtaking Industrial and Commercial Bank of China.

Apple could potentially become a CXMT customer, as the company has reportedly been seeking approval from the Trump administration to use its chips in Apple products sold outside the United States.

Oil prices dropped sharply as tensions between the U.S. and Iran appeared to cool over the weekend.

U.S. Ambassador to the United Nations Mike Waltz said President Trump was giving diplomatic efforts “some space,” helping reduce concerns about further escalation.

WTI crude declined nearly 7% to $83.14 per barrel, while Brent crude fell by a similar amount.

The drop in oil prices boosted broader market sentiment, lifting U.S. stock futures. Nasdaq 100 futures led the gains with a 1.35% increase, while interest rates edged slightly lower.

Bitcoin climbed 1.1% to $65,150, while ether and solana posted stronger gains of around 2% to 3%.

More than $1 million in stablecoins were drained in separate security incidents involving WEMIX and Garden Finance.

WEMIX and decentralized finance platform Garden Finance temporarily halted operations after separate attacks affected at least $1.17 million in stablecoins. Garden Finance said its protocol and user funds were not impacted.

WEMIX reported that an attacker gained control of a related contract and minted about 5.23 million unauthorized tokens. The assets were later converted into 30,736 WEMIX and approximately $724,200 in USDC.e before being transferred across Ethereum and BNB Chain.

Blockchain security firm Blockaid said around $450,000 in USDT was drained from Garden Finance’s hash time-locked contracts across Ethereum, Base, Arbitrum, and BNB Chain.

Garden Finance said its smart contracts were not compromised and attributed the incident to a breach involving an independent solver’s off-chain database, adding that no user funds were lost.

SpaceX shares have fallen enough that investors may now be assigning little to no value to the company’s artificial intelligence division, according to Morgan Stanley analyst Adam Jonas.

The stock launched at $135 in June, surged to $225 during its first week of trading, and later declined toward $115 after touching $110.85.

Jonas said that a move toward $100 following a potential insider lockup expiration could mean the market is effectively valuing SpaceX’s AI business at zero or below.

The analyst maintained a $300 price target and recommended buying the stock, arguing that the decline is driven more by negative sentiment than by weakening fundamentals.

Nearly 80% of analysts covering SpaceX rate the company as a buy, with an average target price of $232. Arkham data also shows SpaceX holds around $1.2 billion worth of bitcoin.

The ETH/BTC ratio climbed to 0.03, reaching its highest level since late April, according to TradingView data.

Ether moved above its 200-day simple moving average against bitcoin for the first time since January and has gained more than 20% since the market downturn eased on June 6.

The continued outperformance of ether compared with bitcoin could signal the beginning of a broader altcoin rally. However, bitcoin remains the dominant cryptocurrency, accounting for about 59% of the overall crypto market.

China continued increasing its gold purchases despite growing adoption of blockchain and crypto technologies in other major economies.

The country imported about 173 tonnes of gold in June, marking the third consecutive month of rising purchases and the highest level since March 2024.

Demand came from both institutional investors and retail buyers, with individuals continuing to accumulate gold through bank-backed savings programs.

China continues to enforce strict restrictions on cryptocurrency trading, mining, and stablecoins as part of efforts to prevent capital outflows and financial instability.

Jeff Ko of CoinEx said bitcoin is likely to remain range-bound as several macro factors have helped calm markets.

He pointed to lower oil prices following another pause in U.S.-Iran tensions, the 10-year Treasury yield approaching 4.7%, and the Federal Reserve’s ability to maintain flexibility ahead of upcoming PCE inflation and second-quarter GDP reports.

Ko said corporate earnings will also play an important role this week, with Apple, Microsoft, Meta, and Amazon scheduled to release financial results.

He noted that corporate cash flow expectations and AI spending plans could influence Treasury yields, Nasdaq performance, and liquidity conditions affecting cryptocurrency markets.

Ko added that investors should examine the makeup of ETF flows, not just the headline inflow and outflow numbers.