Earlier this week, Tether's USDT briefly moved ahead of Ethereum by market capitalization, with trackers placing both assets in the $183–188B band during the crossover. One snapshot showed USDT at $187B versus ETH at $186B, a gap of under $1B, before Ethereum returned to second place as prices stabilized. The episode reflected continued USDT issuance alongside ongoing ETH price weakness rather than a sudden supply change on Ethereum.

MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking Corporation have set up a joint council to develop and co-issue a yen-pegged crypto stablecoin by the end of Japan’s fiscal year 2026, which runs through March 2027. The token is planned to be issued via a trust structure with the banks as joint settlors and a trust bank (or similar institution) acting as trustee. The effort sits within the FSA’s Payment Innovation Project and follows a late-2025 pilot on whether multi-bank co-issuance could be done legally.

Ripple CEO Brad Garlinghouse said on Fox Business on June 12, 2026 that JPMorgan CEO Jamie Dimon was misrepresenting what the Senate's CLARITY Act would do for compliance. He argued Dimon's stance is tied to protecting JPMorgan's payments business, which he described as about $20 billion in annual revenue and more than $5 billion in profit.

On June 11, 2026, the U.S. SEC proposed rescinding Regulation NMS Rule 611 and Rule 610(e), a market-structure change that could materially affect how tokenized U.S. equities trade in DeFi. The proposal enters a 60-day public comment period and would replace trade-by-trade NBBO enforcement with a principles-based best-execution approach at the broker-dealer level.

Bitcoin climbed from $61,100 to above $63,400 on June 11, a roughly 3% move tied to risk-on sentiment after President Trump said the U.S. stepped back from planned Iran strikes and a peace memo could be signed as early as this weekend. The rally came while spot Bitcoin ETFs logged 13 straight sessions of outflows totaling $4.4 billion, with markets also focused on the Federal Reserve's June 16–17 meeting and a 98% probability of a rate hold.

Grok AI, described as Elon Musk's model, flags Bitcoin's more-than-50% drawdown as an accumulation setup and projects $150,000 to $225,000 by the end of 2026. With BTC around $62,800–$62,857, the forecast implies a 2.5x to 3.5x move while the analysis highlights support at $60,000 and the $55,000 to $70,000 range as pivotal.

Bitcoin (BTC) traded below $62,000 near $61,754.56 as demand indicators weakened, with a 30-day combined spot and perpetual futures demand growth reading of -650,000 BTC. The report notes BTC fell 8% this week after a 14% drop last week, putting monthly performance at -24%. Analysts highlighted $62,800 (200-week SMA) as overhead resistance and $65,000 as a key level to reclaim.

On June 9, European Commission President Ursula von der Leyen announced the EU's 21st Russia sanctions package, including a mechanism that could bar crypto-asset services tied to foreign countries deemed to help sanctions evasion. Hours later at SPIEF 2026, Russia's Deputy Finance Minister Ivan Chebeskov said Russia would impose fees of up to 3% on Western-linked stablecoins, including USDT and USDC. The package also expands transaction bans to additional entities and adds more Russian banks to existing restrictions.

Bitcoin traded near $61,100 on Wednesday, down 3% in 24 hours and 6.9% on the week, as a stronger May U.S. jobs report pushed expectations for higher rates and triggered broad risk-off selling. Gold also fell 2% to below $4,200 per ounce, while the 10-year Treasury yield rose to 4.54% and markets priced a 75.5% chance of rate hikes before year-end. The report showed 172,000 non-farm payrolls versus a 130,000 consensus estimate, with April revised up to 214,000.