Institutional participation is becoming the dominant growth driver in crypto markets. From stablecoin payment networks and tokenized securities to blockchain-powered public services and AI-related financial infrastructure, traditional finance and digital assets are increasingly converging into a unified ecosystem.Institutional participation is becoming the dominant growth driver in crypto markets. From stablecoin payment networks and tokenized securities to blockchain-powered public services and AI-related financial infrastructure, traditional finance and digital assets are increasingly converging into a unified ecosystem.

MEXC On-chain Daily Report: Russia's Central Bank Restricts Retail Investors to Trading Only BTC, ETH and USDT

2026/06/09 08:49
5 min read
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News Brief
The crypto industry continues to see accelerating institutional adoption across stablecoins, tokenized assets, and blockchain infrastructure. Visa, Mastercard, Stripe, and Coinbase are reportedly exploring a stablecoin alliance, while Circle minted another 500 million USDC on Solana. Tokenized stocks have surged to a $5.5 billion market capitalization, and global organizations such as the UNDP are expanding blockchain engagement. Meanwhile, AI and crypto convergence remains a key market theme, attracting both investment and regulatory attention.

Updated: June 9, 2026, 09:30 (UTC+8) | Author: MEXC

Headlines

  • Visa, Mastercard, Stripe, and Coinbase are reportedly discussing the formation of a stablecoin alliance.

  • Circle minted 500 million additional USDC on Solana within 30 minutes.

  • The Central Bank of Russia now limits retail crypto trading to BTC, ETH, and USDT.

  • 10x Research attributes Bitcoin's recent weakness primarily to persistent ETF outflows.

  • Coinbase has become the deployment provider for Hyperliquid's USDC treasury wallet.

Industry Updates

Tokenized Stocks Reach $5.5 Billion Market Cap as SpaceX IPO Access and Exchange Expansion Drive Growth

According to The Block, the tokenized stock market has grown from $2.23 billion at the beginning of the year to $5.5 billion, representing approximately 147% growth and making it the fourth-largest RWA asset category. As demand for on-chain equity exposure increases, platforms such as Kraken and Bybit have launched SpaceX IPO-related products, while Binance has introduced stock perpetual contracts. Analysts believe the integration of traditional equities with blockchain infrastructure is accelerating the expansion of tokenized securities markets.

UNDP Establishes Blockchain Advisory Group with Major Public Blockchain Foundations and Crypto Institutions

According to Cointelegraph, the United Nations Development Programme (UNDP) has officially established a blockchain advisory group that includes representatives from Algorand, Arbitrum, Avalanche, Cardano, Ethereum, Stellar, Sui, Kraken, and Cointelegraph. The initiative will focus on financial inclusion, digital identity, supply-chain traceability, and sustainable development, highlighting deeper collaboration between international organizations and the blockchain industry.

IC3 Researchers: Crypto Has Limited Impact on Solving AI Trust Challenges

According to The Block, researchers from IC3 released a report arguing that the role of crypto technologies in addressing AI's core challenges has been overstated. While blockchain can enhance automated payments and machine-to-machine interactions, it does not inherently improve AI intelligence or eliminate algorithmic bias. The report concludes that blockchain should be viewed as complementary infrastructure rather than a comprehensive solution for AI trust.

OpenAI Confirms Confidential IPO Filing

According to Jin10, OpenAI has confirmed that it has confidentially submitted an S-1 registration statement to U.S. regulators in preparation for a future IPO. While no timeline has been announced, the company stated that it has completed the necessary preparations to move forward when market conditions become favorable. Investors continue to closely monitor the commercialization and valuation trajectory of leading AI companies.

CFTC Introduces Unified Data Standards for Financial Regulatory Interoperability

According to Odaily, the U.S. Commodity Futures Trading Commission (CFTC), together with the Federal Reserve, SEC, Treasury Department, and other agencies, has developed unified data standards under the Financial Data Transparency Act of 2022. The framework standardizes entity identifiers, geographic information, dates, and product classifications to improve regulatory data sharing, reduce compliance costs, and enhance machine-readable reporting.

Goldman Sachs and JPMorgan Explore GPU Futures for AI Risk Management

According to The Information, Goldman Sachs and JPMorgan are studying financial products tied to GPU rental pricing. The proposed futures contracts would help AI companies hedge rising compute costs as demand for data centers and AI infrastructure continues to surge. Industry observers believe compute-power derivatives could become a key component of the emerging "compute finance" sector.

EDGE Markets Raises $29.2 Million Series A Led by CoinFund

According to PR Newswire, crypto and prediction-market infrastructure provider EDGE Markets has completed a $29.2 million Series A funding round led by CoinFund, with participation from Indicator Ventures, Mantis VC, StepStone Group, and Bullpen Capital. The company plans to launch EDGE Pro, a high-throughput capital account solution for market makers, while pursuing U.S. regulatory licenses to expand institutional trading and prediction-market infrastructure.

MEXC Market Hot List

Data Source: Real-time MEXC market data before 09:30 (UTC+8). Data may change as market conditions evolve.

Top 24H Gainers

Top 24H Trading Volume

  • BTC/USDT (703.816M)

  • ETH/USDT (415.362M)

  • SOL/USDT (83.785M)

Trending Meme Tokens

On-Chain Calendar

Upcoming High-Risk Token Unlocks

  • Rain/USDT — Jun 11, 18:15: 722.09M unlocked, representing 8.13% of circulating supply; very high selling pressure expected.

  • Humanity/USDT — Jun 24, 10:45: 74.3M unlocked, representing 16.39% of circulating supply; extremely high selling pressure expected.

Key Macro Events to Watch Today

  • Jun 9, 20:15 — U.S. ADP Employment Change Report (a key indicator of labor market strength that may influence Federal Reserve policy expectations and U.S. dollar performance)

Risk Alert

Recent scams involving fake token listing announcements and early-access trading opportunities have become increasingly common. Fraudsters often exploit market excitement surrounding new token launches by creating fake exchange announcements, pre-sale offers, or OTC purchase channels, claiming users can buy tokens at discounted prices before official listings.

Some phishing websites closely imitate well-known exchanges or project websites and encourage users to transfer funds to designated wallet addresses. Once funds are sent, recovery is often impossible. Scammers also use phrases such as "insider allocation," "exclusive whitelist," or "last available spot" to create urgency and pressure victims into making quick decisions.

Users should verify all token sale, pre-sale, and listing information exclusively through official project channels and exchange announcements. Avoid relying on screenshots, unofficial community messages, or unsolicited recommendations. Always confirm the legitimacy of information before transferring assets to protect your digital holdings.

MEXC Chain Observation Daily, updated daily at 09:30 am, strives to provide professional, timely, and in-depth market analysis for cryptocurrency practitioners. Welcome to share and subscribe.

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Risk Warning: The content of this article is for reference only and does not constitute any investment advice. The cryptocurrency market is volatile, please make a cautious decision based on your own situation.


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Disclaimer: The articles published on this page are written by independent contributors and do not necessarily reflect the official views of MEXC. All content is intended for informational and educational purposes only and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC. Cryptocurrency markets are highly volatile — please conduct your own research and consult a licensed financial advisor before making any investment decisions.

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