A Bloomberg analyst said MicroStrategy should retire STRC after the financing instrument broke its peg and slid to as low as $88.51, a discount of more than 11%. The move has fueled concerns that the company could sell Bitcoin to shore up confidence in STRC. STRC has also shown a recent negative correlation with BTC, adding to questions about Strategy’s financial resilience and the risk of monetizing its Bitcoin holdings. The episode is influencing how the market prices credit and liquidity expectations for Strategy as a tradable stock in traditional finance, according to Bloomberg.

The Canadian dollar fell to 70.56 U.S. cents on Friday, its lowest level in about a year. Markets sharply raised expectations for U.S. rate hikes after the Fed’s June FOMC meeting, including an 88% probability of a hike in September, helping lift the U.S. dollar index 1.3% over the week. The Bank of Canada has held its policy rate at 2.25% for five straight decisions, widening the policy gap with the United States. The move has been reflected in the DXY, giving the dollar index clear short-term upward momentum.

The United States and Iran signed an agreement at France’s Palace of Versailles, reaching a fragile ceasefire. Cargo traffic has cautiously resumed through the Strait of Hormuz, easing pressure on oil supplies and pushing crude prices lower. In the United States, retail gasoline prices have fallen by nearly $1 a gallon in a week. The deal includes a 60-day negotiating window, but Hezbollah’s attack on Israeli forces and Israel’s retaliatory airstrikes have already eroded trust.

The Canadian dollar fell to a 14-month low against the U.S. dollar, trading at 1.4180, and was down 1.3% on the week. The move was driven by a 9% weekly drop in oil prices and a stronger U.S. dollar after the Federal Reserve struck a hawkish tone. Israel and Hezbollah agreed to a ceasefire, easing fears of Middle East supply disruptions and draining the oil market’s “war premium.” Canada’s April core retail sales declined for a second straight month, pointing to weak underlying domestic demand.

Accenture issued a weaker revenue growth forecast, fueling worries that global corporate technology spending is slowing and sending Indian IT shares down 8% in a single session. Separately, Amazon said it is exploring selling its in-house Trainium AI chips to third parties. The move would position Amazon as a direct challenger to Nvidia in the AI infrastructure market.

Finbold asked Grok and ChatGPT to publish Ethereum (ETH) price forecasts for July 1, 2026, with 12 days left in June. As of June 19, the highest average forecast was $1,960, while the base and bearish cases were $1,771 and $1,610. Across the two models, the average projection is roughly $1,780, according to Grok and GPT.

Tesco said it will cut fuel prices across its more than 500 UK filling stations from June 19, reducing diesel by 5p a litre and unleaded petrol by 2p. The retailer linked the move to this week’s drop in global oil prices after the United States and Iran signed a preliminary agreement to extend a ceasefire and reopen the Strait of Hormuz. The strait had been effectively shut for months following late-February attacks on Tehran by the US and Israel and subsequent Iranian retaliation, which helped push fuel costs higher.

U.S. political and business figures are pressing to accelerate data center construction as competition with China in AI intensifies. The article cites a Trump executive order aimed at speeding federal permitting and a request from Sen. Tom Cotton for an investigation into potential foreign influence targeting U.S. data center policy. Kevin O’Leary and Nvidia CEO Jensen Huang point to a widening gap in construction speed between the two countries, describing data centers as core infrastructure for training AI systems. It adds that the narrative reinforces expectations for demand in AI computing hardware, while noting no new orders, capacity changes, or earnings figures were disclosed.