GSR Gets FINRA Approval, Completes Acquisition of Proprietary Broker Equilibrium
BlockBeats news, on June 9th, crypto market maker GSR has received approval from the Financial Industry Regulatory Authority (FINRA), completing its acquisition of the proprietary broker Equilibrium Capital Services. GSR CEO Xin Song stated in a release: "Today marks a significant step forward for GSR's operations in the U.S. Completing this acquisition will strengthen our footprint in the U.S. and enhance our ability to support institutional clients through a regulated broker-dealer platform, which is especially crucial as the digital asset market continues to evolve."
BlockBeats news, on June 9th, according to Bloomberg, Jack Caffrey from J.P. Morgan Asset Management stated that despite some signals indicating that U.S. stocks may be overbought, the American stock market still has room for further gains supported by corporate earnings growth.
Caffrey believes that even after several years into the U.S. economic expansion cycle, corporate profits are expected to grow by 22% or more by 2026. He pointed out that last year, the corporate earnings growth rate was in the mid-teens, and a similar growth rate may be maintained in 2027.
The new Fed chair's debut is approaching, with 70% of economists bearish on rate cuts
BlockBeats news, June 9, according to a Reuters survey of 102 economists, the Fed is highly unlikely to adjust the benchmark interest rate for the remainder of 2026. A total of 72 people (about 70%) believe that rates will remain in the current range of 3.50% to 3.75%, which is a significant increase from earlier—last month it was less than half, and previously around one-third. This survey was conducted from June 4 to June 9. All the surveyed economists unanimously agree that there won't be a rate cut after the Federal Open Market Committee meeting on June 16-17, which will be the first meeting chaired by Kevin Warsh.
Kraken announces its support as the official crypto trading platform for the 2026 FIFA World Cup
BlockBeats news, on June 9th, Kraken announced that it will be the official crypto trading platform supporter of the 2026 FIFA World Cup. This tournament will expand to 48 teams for the first time, co-hosted by Canada, Mexico, and the USA, featuring a total of 104 matches and expected to attract over 6 billion global viewers over the seven-week schedule. Kraken stated that this partnership will bring its digital asset trading infrastructure, covering over 190 countries, to one of the largest sporting events globally, exploring new ways for user interaction and engagement through the universal language of football. Kraken's co-CEO Arjun Sethi mentioned that football, like cryptocurrency, transcends borders, and together they will promote a more open global financial and digital experience; FIFA's Chief Commercial Officer Romy Gai noted that the aim of this collaboration is to enhance the fan experience through technology and innovation, bringing viewers closer to the matches and key moments.
Toncoin Announces TON Token Will Be Renamed to Gram (GRAM) on June 15
BlockBeats reports that on June 9, the voting on TON Vote by The Open Network community has concluded. The results show that 81.22% of participants voted in favor of rebranding the native token from Toncoin to Gram, and the token code will change from TON to GRAM. This change will officially take effect on June 15, 2026, at 20:00 (UTC+8). The blockchain itself will remain as The Open Network, only the token name, code, and icon will change. This adjustment requires no action from users, and there will be no token swaps, cross-chain bridging, claiming, or migration processes. Users' balances, addresses, smart contracts, NFTs, staking assets, and DeFi positions will remain completely unchanged.
Analyst: After the VIX fear index skyrocketed, calm returns; the sentiment in the US stock market shows no fundamental reversal.
BlockBeats news, on June 9, analyst Divyang Shah stated that last Friday, the US stock market, especially the AI and tech sectors, faced a fierce sell-off. The reasons behind this are varied, but the most significant impact was the sudden reversal of volatility—the VIX fear index surged above the 20 mark, and the futures curve followed suit. Right now, the impact has started to fade, even though the VIX spot level is still a bit higher than before last Friday's plunge. The near-term VIX futures contracts have narrowed to a flat spread with the spot, and the futures curve has slightly shifted down, but overall, it still maintains an upward tilt. This indicates that, despite volatility spiking, market sentiment hasn't seen a fundamental shift, and the overall tone remains bullish.
BlockBeats news, on June 9, according to Nikkei, Japan's top three banks are planning to jointly issue a stablecoin pegged to fiat currency within the 2026 fiscal year, and have established a negotiation mechanism to advance the design of applications and operational methods for real trading scenarios.
Sumitomo Mitsui Banking Corporation, Mizuho Bank, and Mitsubishi UFJ Bank are expected to soon sign a basic agreement. The three banks have been conducting joint pilot experiments under the supervision of Japan's Financial Services Agency (FSA) since November 2025, gearing up for the joint issuance of the stablecoin.
In the future, this negotiation committee will continuously push forward the practical application and commercialization design of the stablecoin, taking into account relevant laws, regulations, and market development trends.
BlockBeats news, on June 9th, the ADP employment change in the US for the week ending May 23rd saw a shift of 29,000 jobs, down from the previous value of 35,750 jobs. (Jinshi)
HK Monetary Authority President: HKD Stablecoin Launching This Year, Wealth Management Connect 3.0 Ongoing Discussions
BlockBeats News, on June 9, according to Yicai Global, a delegation from the Hong Kong Banking Association led by the Hong Kong Monetary Authority's President Yu Weiwen recently visited Beijing, and on June 8, they participated in a group interview with the media. During the interview, Yu discussed hot topics of market concern, including Hong Kong's stablecoin licenses, cross-border financial regulations, and the internationalization of the renminbi. Yu Weiwen stated that Hong Kong, as the core hub for entering the Chinese market, possesses triple advantages in terms of regulation, location, and market access, and will continue to attract global capital inflows in the future. When discussing the upcoming arrangements for stablecoin licenses, Yu revealed that Anchor Technology is expected to launch a stablecoin around mid-year, "starting a trial run in a few weeks," while HSBC plans to launch theirs in Q3 to Q4 of this year. The application scenarios for stablecoins from Anchor Technology and HSBC differ.
CoreWeave Executives Have Sold Approximately $2.3 Billion in Shares Since IPO
BlockBeats news, on June 9th, according to Bloomberg, CoreWeave executives have offloaded over $2.3 billion in their own shares since the lock-up period ended. CoreWeave co-founders Michael Intrator, Brannin McBee, and Brian Venturo are the main sellers in this stock dump. These trades were executed via the 10b5-1 preset trading plan, which allows company executives to sell shares according to a predetermined schedule and rules. A company spokesperson told Bloomberg that the founding team remains bullish on CoreWeave's long-term growth, and these sell-off plans are mainly aimed at providing liquidity and diversifying their asset portfolio.
‘White Hair Stock God’: Several AI mid-cap stocks still have upside potential; personal holdings in NBIS, TSEM, and AAOI
BlockBeats reports that on June 9th, the 'White Hair Stock God' Serenity posted that there are a bunch of mid-cap companies with AI exposure (valued between $10 billion to $100 billion) which they still see as relatively attractive trading opportunities, including: ASX, Sumitomo Electric, JBL, VICR, GFS, AAOI, AlChip, TSEM, FN, Furukawa Electric, CLS, NBIS, NOK, AMKR, LITE, and COHR. Serenity mentioned that this batch of 'AI exposure trades' has an overall market cap in the $10–100 billion range, which could offer a better risk-reward ratio compared to the already significantly pumped Arm Holdings and Marvell Technology. They also stated they personally hold positions in NBIS, TSEM, and AAOI, but still believe there’s more upside potential in the mentioned stocks.
Bought 1,550 BTC, but this might be the worst trade Strategy has made recently
Original Title: The 1,550 BTC Buy: Saylor's Worst Trade Ever Original Author: 100y, Crypto Analyst Original Translation: Deep Tide TechFlow Deep Tide Insight: While Saylor is shouting about increasing BTC per share, he’s diluting MSTR’s stock at prices below breakeven and only using half the raised funds to buy BTC—this isn't bottom fishing; it's subsidizing STRC's sustainability at the expense of MSTR shareholders. For MSTR investors, understanding the logic behind this trade is way more crucial than how much BTC was scooped up. Saylor just shorted 32 BTC, then turned around and bought 1,550 BTC today.
BlockBeats news, on June 9, according to Onchain Lens monitoring, BlackRock just deposited 3,966 Bitcoins (BTC) into Coinbase, worth around $244.4 million, and further asset transfers may follow.
Morpho secures $175 million funding, led by a16z Crypto and Paradigm
BlockBeats reports that on June 9, according to (Fortune) magazine, the DeFi lending protocol Morpho announced it has secured $175 million in funding, led by a16z Crypto, Paradigm, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, and others. This round of funding was priced based on Morpho token's average price over the past month, corresponding to a valuation of up to $2 billion for the protocol. Morpho allows institutions to customize on-chain lending markets and risk parameters, and it has already attracted heavyweights like Coinbase, Kraken, Anchorage Digital, and Galaxy Digital. Current data shows that Morpho's Total Value Locked (TVL) is around $6.6 billion. The company stated that it will continue to expand its institutional-grade DeFi lending services and strengthen its competitive stance against lending protocols like Aave.
BlockBeats news, on June 9, Nasdaq announced the launch of the Nasdaq Economic Research Institute, aimed at researching key issues impacting the global economy and capital markets.
Among these, artificial intelligence (AI) has been identified as the first focus area post-establishment. The institute will analyze the long-term effects of AI on productivity, labor markets, business operations, capital allocation, and the development of financial markets, providing research support and insights for investors, businesses, and policymakers.
JPMorgan: Inflows into U.S. Stock ETFs Offset Sell Pressure in Futures Market
According to BlockBeats, on June 9, JPMorgan reported a net sell-off of approximately $21 billion in the U.S. stock index futures market last week, with most of the selling concentrated on Friday's S&P 500 and Nasdaq 100 futures contracts. However, the inflow into stock ETFs reached $26.8 billion, completely offsetting the outflows from the futures market and achieving a net inflow overall. This indicates that despite increased market volatility, investors are still consistently allocating to U.S. equity assets through the ETF channel. Meanwhile, fixed income ETFs also attracted strong inflows, showing a rising demand for bond assets; whereas commodities funds and certain emerging market funds experienced capital redemptions.
After Trump's return as U.S. President, the family's crypto empire has netted $2.3 billion
BlockBeats news, on June 9th, according to a Reuters survey, since Trump's return to the U.S. presidency, the Trump family has raked in at least $2.3 billion in profits from crypto projects. On the flip side, over a million investors have collectively faced approximately $2.3 billion in net losses (as of the end of April). These investors include not only retail traders who directly bought cryptocurrencies and related stocks but also those who have indirect exposure to Trump's crypto assets through ETFs. The aforementioned loss figures also account for unrealized losses from assets not yet sold.
Wintermute: Crypto Market Lacks New Buying Support, No Effective Support in the $50k to $59k Range
BlockBeats reports that on June 9, Wintermute indicated that the crypto market's risk appetite is cooling amid high AI valuations, an impending IPO financing wave, and persistent macro interest rates. In the crypto market, Bitcoin briefly dipped below $60,000, triggered by Strategy founder Michael Saylor revealing that the company sold 32 BTC at the end of May, marking its first Bitcoin sell-off since 2022. Although the amount sold is negligible, its symbolic significance has raised market concerns. Wintermute pointed out that the real issue isn't the 32 BTC itself, but rather the sustained exit of U.S. institutional funds, with $2.97 billion flowing out over May, amid a backdrop of 10 consecutive trading days of net outflows from spot ETFs, leaving the market without new buying support.
BlockBeats news, on June 9, according to Saudi media Hadass, sources from Pakistan confirmed that they are in communication with various parties, aiming to finalize a memorandum of understanding this week.
Bearish Sentiment Spreads Ahead of SpaceX IPO, Valuation Continues to Slide to $1.83 Trillion
BlockBeats reports that on June 9, according to market data, SpaceX is set to IPO this Friday, yet bearish sentiment continues to spread. Pre-market estimates previously valued the company at over $2.2 trillion, but today, SpaceX (SPCX) on the Trade.xyz Pre-IPO market is in a downtrend, with its valuation dipping below $2 trillion for the first time, now reaching $1.83 trillion, corresponding to approximately $154 per share, while SpaceX's IPO price is set at $135. (Big Short) Prototype figure Steve Eisman recently expressed a cautious outlook on the SpaceX IPO prospects. SpaceX's capital expenditures are rapidly inflating, with its capital spending ratio to revenue soaring from 42% in FY 2023 to 215% in Q1 2026. Currently, AI large models and agent products lack significant differentiation, and industry competition is becoming homogeneous, making it difficult to establish a long-term moat. "The massive funds being poured in essentially resemble a commodity."