Analysts say roughly 60% of banks connected to SWIFT now use Ripple infrastructure in some form, signaling a shift from direct rivalry to hybrid payment models built on integration and interoperability.
The US 30-year Treasury yield climbed to 5.16%, its highest level since October 2023, while Japan's 30-year government bond yield surged to 4.2%, the highest since issuance in 1999. Rising oil prices and hotter inflation data fueled the sell-off in long-dated bonds.
Bitcoin slipped under $60,000 after a stronger U.S. jobs report reduced expectations for Fed rate cuts. More than $1.7 billion in crypto positions were liquidated, while spot Bitcoin ETFs posted a modest net inflow after 13 straight sessions of outflows.
Intesa Sanpaolo's crypto portfolio surged to $235 million in Q1 2026. It bought Ethereum and XRP trusts for the first time while slashing its Solana position. The bank also boosted Coinbase and BitGo stakes.
SpaceX moved from listing to index inclusion in less than three weeks, with Russell scheduled to add the stock on June 18, MSCI expected later in June, and Nasdaq-100 potentially following in early July.
Weekly stablecoin inflows to exchanges surged from $51B to $98B, signaling dip-buying appetite. Eleven European banks including BBVA and BNP Paribas launch Qivalis for a euro stablecoin. U.S. Senator Lummis pushes bank adoption amid deposit flight concerns.
Digital Asset Holdings is in advanced talks with a16z crypto to raise roughly $300 million at a valuation of about $2 billion. The Canton Network has processed over $6 trillion in tokenized assets.
U.S. spot Bitcoin ETFs swung back to net outflows on June 5, losing $325.69 million. BlackRock's IBIT led the withdrawals, while Bitcoin briefly fell to around $59,100 before recovering above $61,000.
