Strategy said it has launched a Digital Credit Capital Framework, authorizing up to $1.25 billion in bitcoin sales to build a U.S. dollar reserve, fund preferred dividends, and service debt, while also approving $1 billion in common stock buybacks and $1 billion in preferred-security repurchases. The company also lifted the annual dividend rate on its STRC preferred stock to 12%. The steps eased investor concerns about liquidity and capital efficiency, pushing the stock up as much as 14% to roughly $94. Other bitcoin-linked names including Coinbase also rose, with improved risk sentiment lending support to the Nasdaq index.

MicroStrategy operating entity Strategy has launched a $1.25 billion Bitcoin monetization program to bolster its USD reserve, pay preferred dividends and interest, and support $1 billion of preferred and $1 billion of common stock buybacks. The move signals a potential shift from being Bitcoin’s largest corporate buyer to a sizable seller, after the company previously sold 32 BTC. At a $60,000 price, the authorization equates to more than 54,000 BTC, fueling concerns over balance-sheet health and the logic behind support for the stock price.

The dollar index edged down 0.28% to 101.08 on Monday but stayed near a 13-month high, and it is up 2.17% for the month. The yen weakened to 161.97 per dollar, its lowest level since 1986. Markets have leaned more hawkish since the Fed’s June meeting under new Chair Kevin Warsh, with fed funds futures pricing a 64% chance of a rate hike by September. Attention this week is on Thursday’s June jobs report, expected to show 110,000 jobs added and the unemployment rate steady at 4.3%.

U.S. gasoline prices are broadly easing as oil costs fall amid reduced U.S.-Iran tensions, pushing the national average for regular down to about $3.86 per gallon. The sharpest weekly declines have been concentrated on the West Coast, led by Washington (down about 17 cents) and California (down roughly 15 cents), after earlier spikes. Despite near record travel demand, the pullback in crude supply risk is driving the short-term move, reflecting a geopolitically fueled catalyst in oil and refined products markets.

The Centers for Medicare & Medicaid Services will begin an 18-month pilot program on July 1, 2026 to cover GLP-1 drugs prescribed for weight loss, including Eli Lilly’s (LLY) Zepbound and Foundayo and Novo Nordisk’s (NVO) Wegovy. Eligible Medicare beneficiaries will pay a $50 monthly copay and will not need to meet the Part D deductible. The program is expected to cover about 3.8 million patients and is scheduled to expire at the end of 2027, leaving future coverage uncertain.

The U.S. National Highway Traffic Safety Administration formally closed its engineering analysis into a power-steering loss issue affecting about 376,241 2023 Model 3 and Model Y vehicles, citing Tesla’s over-the-air software recall and a measurable drop in owner complaints. Morgan Stanley and Barclays raised their Tesla Q2 delivery forecasts to 413,000 and about 418,000 vehicles, respectively, well above the prior consensus. Elon Musk also said xAI’s Grok 4.5 has begun internal private beta testing at Tesla and SpaceX, though the key drivers were reduced regulatory risk and higher delivery expectations.

An escalating Iran–U.S. conflict has left ships stuck behind the Strait of Hormuz and badly damaged oil and gas infrastructure in the Persian Gulf, a disruption the International Energy Agency has called the largest supply shock in global oil market history. In parts of Canada, gasoline climbed above $2 per liter. The article argues the spike has highlighted how deeply cities depend on gasoline-powered cars, while offering no near-term path to supply relief as the supply-demand mismatch persists.

U.S. and Iranian strikes on targets in the Strait of Hormuz on June 27–28 disrupted tanker movements, putting short-term pressure on Persian Gulf crude exports. August WTI crude oil (CLQ26) and August RBOB gasoline (RBQ26) futures closed on Monday up 2.20% and 2.66%, respectively. Although the two sides agreed on Monday to a temporary ceasefire and reopened shipping lanes, the market priced in a higher geopolitical risk premium. The IEA cut its 2024 global oil demand outlook to -1.1 million bpd, while Russian refining capacity hit a 20-year low, reinforcing supply-tightness expectations.