BlockBeats News, June 24th: QCP Capital released its daily report, stating that following the signing of the US-Iran Memorandum of Understanding (MOU), the market's focus has shifted from the agreement itself to the implementation risks. Despite Brent crude oil prices falling back below $80, the navigation through the Strait of Hormuz has not fully resumed, with only about 14 vessels transiting per day, significantly below normal levels. The next 60 days will be crucial to observe the progress of technical negotiations and the implementation of the Lebanon-Israel ceasefire.

On the monetary policy front, the Federal Reserve kept interest rates unchanged in the 3.50%-3.75% range. However, the median of the 2026 dot plot was revised up from 3.4% to 3.8%, indicating a stronger inclination towards "Higher for Longer." Additionally, the Fed raised its 2026 inflation forecast from 2.7% to 3.6%, highlighting that inflation remains a key constraint on current policy.

In the technology sector, SpaceX's stock price has fallen from its post-IPO high of $211 to $155, a 27% drop from the peak but still above the $135 IPO price. QCP believes that the market narrative is shifting from the IPO frenzy to AI funding logic, with SpaceX gradually becoming a significant part of the AI capital formation cycle.

Turning to the crypto market, Strategy continues to accumulate Bitcoin, currently holding 847,363 BTC, approximately 4% of the total Bitcoin supply, with an average acquisition cost of $75,651. QCP points out that while Strategy's financing and accumulation mechanisms are still operational, the space for future leveraged accumulation of Bitcoin is narrowing as the spot price falls below the acquisition cost and the preferred stock price drops below face value.