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9 Jun 2026, 11:30

Coinbase’s D’Agostino: Governments and Family Offices Are ‘Happy’ to Buy Bitcoin at a Discount

Coinbase strategist John D’Agostino says the world’s biggest buyers aren’t panicking over bitcoin’s slide, with sovereign wealth funds and family offices being more than “happy” to scoop up the asset at a discount. Why Institutions Aren’t Flinching at Sub-$60K Bitcoin As bitcoin tumbled toward its lowest levels of the year, John D’Agostino, Coinbase’s head of

9 Jun 2026, 10:57

200 Crypto Companies Just Demanded a Senate Vote on the CLARITY Act, Can They Force a Decision Before July 4?

A coalition of more than 200 crypto companies sent a joint letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer on June 7–8, demanding a floor vote on the CLARITY Act “without delay” , with Coinbase, Ripple, Kraken, Circle, Binance US, and Andreessen Horowitz among the most prominent signatories. The bill cleared the Senate Banking Committee 15–9 on May 14 and was placed on the General Orders Calendar by June 1. No floor vote has been scheduled. The pressure is real and the window is narrowing. The White House has set a de facto July 4 deadline, Congress faces August recess, and the Senate’s floor schedule is already crowded with competing legislative priorities. Stand With Crypto and over 200 organizations sent a simple message to Senate leadership: it's time for the Clarity Act. The community is unified — large companies, startups, associations, and grassroots groups across the country are counting on their lawmakers to deliver rules… pic.twitter.com/oJJA3rkP1N — Stand With Crypto (@standwithcrypto) June 8, 2026 Galaxy Digital has put the bill’s odds of becoming law at roughly 60%, a number that reflects both genuine political momentum and the very specific procedural obstacles that still stand between the CLARITY Act and a Senate vote. Discover: The Best Crypto to Diversify Your Portfolio Clarity ACT Deadline Pressure: Why July 4 and What Happens If the Senate Misses It Treasury Secretary Scott Bessent and White House Crypto Advisor Patrick Witt have both publicly called on lawmakers to advance the CLARITY Act for a July 4 signing by President Donald Trump, framing the date not as a suggestion but as an administration-level expectation. That gives the Senate roughly three weeks of working legislative time before the symbolism of the deadline collapses. The math is tight. A floor vote requires Thune to formally schedule debate, allow for amendments through a manager’s amendment process, survive any procedural challenges, and clear 60 votes on cloture, all before the chamber pivots to recess. Senator Cynthia Lummis signaled the political will is there, stating directly: “We did not come this far to quit at the 5-yard line.” But political will and floor scheduling are two different instruments. The Clarity Act passed committee. The floor is next. We did not come this far to quit at the 5 yard line. — Senator Cynthia Lummis (@SenLummis) June 7, 2026 There is also a reconciliation step the timeline often obscures: the Senate Banking Committee version must be merged with the Senate Agriculture Committee’s Digital Commodity Intermediaries Act before any floor vote, since the CLARITY Act’s framework splits jurisdiction between the SEC and the CFTC and both committees have claimed a stake. That merger is not complete. If the vote does not come before recess, the July 4 target is gone, and the political window that opened it may not reopen on the same terms. The 60-Vote Problem and Who Is Blocking the Path The Senate’s filibuster threshold requires 60 votes to advance any major legislation to a final passage vote. Republicans hold 53 seats, meaning the CLARITY Act needs at minimum seven Democratic crossovers. A prior procedural motion in March cleared 64–33, which demonstrates the vote is theoretically achievable, but a procedural motion is structurally easier than a full cloture vote on a contested market-structure bill. The bill cleared committee with two Democrats crossing over: Senator Ruben Gallego of Arizona and Senator Angela Alsobrooks of Maryland. Getting from two to seven on the full floor is a different calculation. Unresolved Democratic concerns include an ethics provision tied to President Trump’s personal crypto holdings, a sticking point that has not been publicly resolved and that could peel off soft supporters under floor pressure. JUST IN: Senator Elizabeth Warren says the crypto Clarity Act will "blow up the economy." "It pushes more of the economy into crypto!" pic.twitter.com/4LbDiU2hUV — Watcher.Guru (@WatcherGuru) May 14, 2026 Banking industry opposition adds a second pressure vector. JPMorgan CEO Jamie Dimon has vowed to challenge provisions related to stablecoin yields and what he characterizes as insufficient bank-equivalent regulation for stablecoin issuers. The CLARITY Act’s framework, which establishes digital assets as either SEC-regulated securities, CFTC-regulated digital commodities, or stablecoins under joint oversight, directly threatens traditional finance’s competitive position in payment infrastructure. Dimon’s opposition signals that the banking lobby will not sit out the floor fight. The bill cleared committee 15–9. Getting to 60 on the floor is a structurally different problem. Discover: The Best Token Presales What to Watch Next The signal that matters most is whether Thune’s office formally places the CLARITY Act on the active Senate floor schedule in the next two weeks. A manager’s amendment addressing the ethics provision and the Agriculture Committee reconciliation would indicate the bill is moving toward a genuine vote rather than another procedural stall. Photo: John Thune Watch also for whether Dimon and the banking lobby intensify opposition or, under White House pressure, soften their position on the stablecoin yield provisions. The July 4 deadline is a political construct, not a legal one. But political constructs define legislative windows. If the Senate does not act before recess, the crypto industry will need a new window, and those do not arrive on schedule. The post 200 Crypto Companies Just Demanded a Senate Vote on the CLARITY Act, Can They Force a Decision Before July 4? appeared first on Cryptonews .

9 Jun 2026, 10:34

Bitget posts $191M weekly inflows amid stocks 2.0 launch

Bitget has raised about $191 million in net capital inflow in the last seven days, according to data from DefiLlama. This makes it second only to OKX for centralized exchanges. This capital flow followed Bitget launching its Stocks 2.0 offering on June 4, a tokenized equities product that allows users to trade blockchain-based versions of U.S. stocks and exchange-traded funds (ETFs). Bitget climbs crypto exchange inflow rankings DefiLlama data shows that among all centralized exchanges, OKX was the most dominant, recording net inflows amounting to nearly $454 million within the same week period. Bybit came in third place, accounting for about $116 million. A number of Bitget’s key competitors have reported negative results. The largest cryptocurrency exchange, Binance, generated roughly $71 million in seven-day net inflows but experienced $695 million in net outflows over the last 24 hours. Gate.io lost some $56 million, while the same can be said about the outflow of $46 million at HTX and $83 million at Bitstamp. Earlier on June 9, Bitget’s estimated seven-day inflow was at around $177 million, compared with $409 million for OKX and $161 million for Bybit. The discrepancy likely reflects the real-time nature of the data, as deposits and withdrawals continue settling throughout the day. Stocks 2.0 launch expands tokenized trading Bitget launched the Stocks 2.0 program on June 4. This program allows users to trade tokenized versions of U.S. equities and ETFs using USDT, with assets issued through Reality, a licensed real-world asset (RWA) issuance platform. The initial launch involved 36 tokens representing top-tier companies, including Apple , Amazon, Meta Platforms Inc., Tesla, Alphabet, NVIDIA , and Microsoft, along with the QQQ ETF. Bitget CEO Gracy Chen had revealed the intention to introduce about 500 U.S. stocks in seven days since its launch, accounting for “about 98% of trading volume.” Bitget added that the tokens will have a 1:1 economic value to the underlying stocks. Dividends will be settled in USDT, while stock splits and reverse stock splits will be adjusted automatically for the token holders. Eligible stock tokens could also be used for margin trading, copy trading, and yield-generating products. The basic trading fee on the exchange is 0.1% with maker/taker fees of 0.05% for users who pay in BGB, the native token of Bitget. At the time when Stocks 2.0 was launched, the exchange was already attracting considerable inflows of money. According to the report published in mid-April , Bitget was generating inflows of around $571 million over a period of one week and placed first amongst centralized exchanges. This suggests Bitget’s latest inflow momentum may not be solely tied to tokenized equities. Data signals that Bitget is holding around $4.9 billion and $4.5 billion worth of total assets and clean assets, respectively, without counting Bitget’s token assets. Bitget is ranked sixth globally in terms of assets after Binance, OKX, Bybit, Bitfinex, and Robinhood. The open interest of Bitget in derivatives trading is estimated to be about $6.1 billion. It has an average leverage ratio of about 1.35x. This ratio is lower than the leverage ratios of MEXC at 1.89x and Gate.io at 2.23x. According to Bitget’s June announcement , cumulative volumes for tokenized stock spot trades exceeded the $1 billion threshold by January 2026, accounting for about 89% of Ondo-issued tokenized stocks trading volume in December 2025. Both figures are based on data from company disclosures rather than third-party market-tracking services, leaving some doubts about the sustainability of growth. It will become clearer in the coming weeks whether the Stocks 2.0 product will have a tangible impact on the exchange’s further momentum. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

9 Jun 2026, 10:32

SBI Shinsei links bank deposits to crypto rewards in Japan: Nikkei

SBI will give out vouchers that can be redeemed for Bitcoin, Ether or XRP through SBI VC Trade, linking bank savings with the group’s crypto exchange arm.

9 Jun 2026, 10:25

Japanese Yen Holds Steady Near Lows as Ceasefire and Intervention Threats Balance Market

BitcoinWorld Japanese Yen Holds Steady Near Lows as Ceasefire and Intervention Threats Balance Market The Japanese Yen steadied near its recent lows against the U.S. Dollar on Wednesday, as traders weighed two opposing forces: a newly announced ceasefire in the Middle East that dampened safe-haven demand, and renewed verbal warnings from Japanese authorities signaling potential currency intervention. The USD/JPY pair traded in a narrow range around the 155.00 level, reflecting market indecision. Ceasefire Developments Weigh on Safe-Haven Yen News of a ceasefire agreement between Israel and Hamas, brokered by international mediators, reduced geopolitical risk premiums across global markets. The Yen, which typically benefits from heightened uncertainty and risk aversion, saw its safe-haven appeal diminish as investors rotated back into riskier assets such as equities and higher-yielding currencies. This development initially pushed the USD/JPY higher, testing resistance near 155.50. Japan’s Intervention Threats Loom Large However, the Yen’s downside was limited by persistent threats of intervention from Japanese officials. Finance Minister Shunichi Suzuki reiterated that authorities are watching currency market movements with a high sense of urgency and will take appropriate action against excessive volatility. This rhetoric has become a familiar tool for Tokyo, which has historically intervened when the Yen weakens rapidly, particularly beyond the psychologically important 155 level against the Dollar. Market Implications and Trader Sentiment The standoff between these two forces has created a tense equilibrium in the forex market. Traders are reluctant to push the USD/JPY significantly higher for fear of triggering actual intervention, yet the fundamental interest rate differential between Japan and the U.S. continues to favor the Dollar. The Bank of Japan’s recent policy adjustments have done little to narrow this gap, keeping the Yen structurally weak. For Japanese importers and consumers, a persistently weak Yen raises the cost of imported goods, contributing to domestic inflationary pressures. For global forex traders, the key question remains whether verbal warnings will escalate into direct market action. Conclusion The Japanese Yen’s stability near recent lows reflects a delicate balance between geopolitical easing and intervention risk. While the ceasefire reduces safe-haven demand, the threat of Japanese intervention provides a floor under the currency. The immediate outlook for USD/JPY hinges on whether Tokyo follows its words with action, and whether broader risk appetite continues to recover. Traders should remain vigilant for sudden moves if either factor shifts decisively. FAQs Q1: What is the current USD/JPY exchange rate? The USD/JPY pair is trading near 155.00, near its recent lows but still at levels that have historically prompted Japanese intervention. Q2: Why does Japan threaten to intervene in the currency market? Japan intervenes to curb excessive volatility and prevent a rapid depreciation of the Yen, which hurts the economy by raising import costs and squeezing consumers. Q3: How does the Middle East ceasefire affect the Yen? A ceasefire reduces geopolitical risk, which typically lowers demand for safe-haven assets like the Yen, potentially weakening it against riskier currencies. This post Japanese Yen Holds Steady Near Lows as Ceasefire and Intervention Threats Balance Market first appeared on BitcoinWorld .

9 Jun 2026, 10:23

Bitcoin’s Worst Week Since FTX Crash May Signal More Pain Ahead

Bitcoin’s slide below $60,000 last Friday capped its worst week since the collapse of Sam Bankman-Fried’s FTX exchange in 2022.