cryptocurrencies

According to CoinPost, Japan's national corporate pension fund plans to start investing in cryptocurrencies in the fiscal year 2026, with an allocation ratio of about 1% of its total operating assets (approximately 21.3 billion yen).The report states that the asset allocation ratio for the fiscal year 2025 is: 80% in yen, 15% in US dollars, and 5% in other currencies. However, in the fiscal year 2026, the yen allocation ratio will decrease to 70%, and a new 10% allocation will be made for currencies from developed countries. The remaining 5% will consist of emerging market currencies, gold, and cryptocurrencies.The main purpose is to diversify currency risk. The fund's executive director, Ai Yuki, stated that due to the potential weakening of the US dollar as a benchmark currency, they decided not to increase their holdings in US dollars and instead use cryptocurrencies like Bitcoin as a hedge against currency depreciation, as Bitcoin has a lower correlation with the US dollar index.After approximately six years of investigation, the fund has determined that the cryptocurrency market has matured as the investor base has expanded. In the future, the fund will continue to explore the possibility of expanding cryptocurrency investments, including funds for arbitrage trading of various cryptocurrencies.

Kalshi Data posted on platform X that Kalshi's weekly cryptocurrency trading volume has surpassed $1 billion for the first time; Kalshi's weekly perpetual contract notional trading volume reached nearly $6 billion, setting a new historical record.

About 1,200 small and medium-sized enterprises have joined the Japan National Business Enterprise Pension Fund (located in Okayama City), which plans to start investing in cryptocurrencies in the fiscal year 2026. There have been some cases of Japanese companies investing in crypto assets, but it is still relatively rare for domestic pension funds to participate directly in crypto investments.The fund plans to allocate about 1% of its total assets to cryptocurrencies and will do so indirectly by investing in passive funds managed by large hedge funds that include various crypto assets. In terms of asset allocation, its structure for the fiscal year 2025 is: 80% yen, 15% US dollars, and 5% other currencies. In the fiscal year 2026, it plans to adjust to: a reduction of yen to 70%, an addition of 10% allocation to developed country currencies, and the remaining 5% allocated to emerging market currencies, gold, and crypto assets.The main purpose of this adjustment is to diversify exchange rate risk. The fund's executive director, Ai Kuchi, stated that the status of the US dollar as a global benchmark currency may be weakening, which is why they decided to reduce their holdings in US dollars. At the same time, he pointed out that the correlation between Bitcoin and the US dollar index is almost zero, making it a tool for hedging against currency depreciation risk and enhancing the portfolio's ability to withstand inflation.

Chairman of the U.S. House Military and Foreign Affairs Subcommittee, Republican Congressman William Timmons, announced that a roundtable meeting will be held on June 25, focusing on how digital assets and cryptocurrencies can help individuals protect their wealth, access assistance, and maintain economic autonomy. In addition, this roundtable will also explore the intersection of digital finance and U.S. national security interests, and examine how the U.S. can promote financial innovation and maintain competitiveness in the digital finance sector.

According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows: Top five gainers: Aster (ASTER) up 16.96%, current price $0.7706; SPX6900 (SPX) up 15.13%, current price $0.4472; Ethena (ENA) up 9.45%, current price $0.09291; Venice Token (VVV) up 9.26%, current price $16.53; Uniswap (UNI) up 8.62%, current price $3.3; Lighter (LIT) up 8.44%, current price $1.84.

According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows: Top five gainers: SKYAI (SKYAI) increased by 22.08%, current price $0.4331; Aerodrome Finance (AERO) increased by 13.74%, current price $0.4852; SPX6900 (SPX) increased by 11.63%, current price $0.3868; Uniswap (UNI) increased by 10.66%, current price $3.02; Worldcoin (WLD) increased by 9.72%, current price $0.6434.

According to research by CointelegraphMT, traditional financial markets are absorbing institutional capital at a pace that cryptocurrencies find hard to match by 2026. The main reason is that AI has clear and measurable returns, while cryptocurrencies currently lack a similar narrative.Data shows that the S&P 500 index rose only 3.5% after excluding AI stocks in 2026, while AI-related indices saw an increase of nearly 50%. The five major tech companies in the U.S. are expected to reach $72.5 billion in capital expenditures for AI infrastructure this year, with Nvidia's quarterly revenue reaching $81.6 billion.The research points out that AI spending can be directly validated through revenue, capital expenditures, and profit margins, while the value proposition of cryptocurrencies is difficult to quantify for traditional allocators. Currently, while the supply of stablecoins is at a historical high, more funds are flowing into tokenized government bonds rather than risk assets.Additionally, in May, the net outflow from U.S. spot Bitcoin ETFs was $2.3 billion, marking the worst single month of the year. However, long-term holders continue to buy in the over-the-counter market, with market makers like Wintermute reporting stable buying around $72,000. The research concludes that unless cryptocurrencies can provide a measurable and repeatable institutional-level return story similar to AI, they will be at a significant disadvantage in competing for the same institutional funds.

Fortune released the 2026 Cryptocurrency Top 100 list, which is divided into 10 categories: CeFi (Coinbase ranked first, Binance ranked second), TradFi (Franklin Templeton ranked first), FinTech (Robinhood ranked first), DeFi (Hyperliquid ranked first), Venture Capital and Stablecoins (Andreessen Horowitz ranked first), Stablecoins (Tether ranked first), Crypto Services (Chainalysis ranked first), DAT and ETFs (BlackRock ranked first), Mining (MARA Holdings ranked first), Blockchain and Protocols (Bitcoin ranked first).

According to market news, Japan is reclassifying cryptocurrencies as financial instruments under the Financial Instruments and Exchange Act, similar to the framework for stocks and bonds. The House of Representatives has passed the bill. It lowers the tax rate on cryptocurrency gains from a maximum of 55% (miscellaneous income) to a unified 20% capital gains tax rate and opens the door for cryptocurrency ETFs, with related regulations set to take effect in 2027.

According to CoinDesk, Japan's SBI Shinsei Bank will launch a pilot program on June 10, allowing customers to convert part of their deposit interest into BTC, ETH, or XRP.The plan, titled "Interest Conversion," aims to introduce crypto assets into traditional deposit products, allowing users to gain exposure to cryptocurrencies without directly purchasing them. This initiative will proceed in a small-scale pilot form, with further expansion depending on customer participation and the regulatory environment.

According to a report by Reuters, two informed Greek government officials revealed that the Greek Ministry of Finance is preparing legislation to impose a 15% capital gains tax on cryptocurrencies, which is expected to be submitted to parliament for review in the coming months.Under the plan, the first 500 euros of earnings for each taxpayer will be tax-exempt; individual mining activities will not be taxed, but mining companies registered as businesses will be taxed. Currently, Greece does not have a complete tax framework for cryptocurrencies, and the tax rates vary significantly among EU countries, ranging from 8% in Cyprus to 30% in France.Officials stated that due to most Greek investors using offshore platforms, it is currently difficult to estimate the size of the country's cryptocurrency market, and there are no specific revenue forecasts available.

According to Barron's, Morgan Stanley's wealth management division has partnered with Galaxy Digital, allowing high-net-worth clients holding Bitcoin, Ethereum, or Solana to convert their direct holdings into a spot crypto ETF.The converted ETF can be used as collateral for financing, with a minimum trading threshold of $5 million. In July 2025, the SEC approved a physical conversion mechanism between directly held crypto assets and spot crypto ETFs, laying the regulatory foundation for this collaboration.

Bitwise Chief Investment Officer Matt Hougan posted on the X platform, stating that institutions are like large oil tankers, which have now adjusted their course to support cryptocurrencies, tokenization, and stablecoins.He believes that this trend will not slow down, regardless of price performance.

According to CNBC, Bitcoin fell to its lowest level since February on Wednesday, hitting a low of $65,385, a decrease of 2.3%. Funds are flowing from the crypto market to other asset classes. QCP stated that the fundamental issue is liquidity rotation. The stock market continues to outperform, attracting the attention of both crypto-native investors and traditional asset managers to a stronger stock narrative, and investors may be shifting funds from Bitcoin to private markets or IPO projects like SpaceX, OpenAI, and Anthropic.BTIG technical strategist Jonathan Krinsky believes that Bitcoin needs to hold around $65,000, which is the last support before testing the year-to-date low of $60,000. QCP expects initial support in the range of $63,000 to $64,000, and if it breaks below, attention will turn to $62,000, followed by the psychological level of $60,000, with the next major support level at $58,000.

According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows: Top five gainers: MemeCore (M) up 11.35%, current price $3.27; Zcash (ZEC) up 7.06%, current price $567.5; Internet Computer (ICP) up 4.65%, current price $2.94; Ondo (ONDO) up 3.79%, current price $0.3607; Worldcoin (WLD) up 3.75%, current price $0.4005.

Driven by optimistic expectations for an extended ceasefire agreement between the U.S. and Iran, the U.S. stock and oil markets continued to strengthen this week. The S&P 500 index rose for the ninth consecutive week, setting the longest winning streak since 2023; Brent crude oil stabilized around $92 per barrel. However, the cryptocurrency market failed to follow the rise of macro risk assets. Over the past week, Bitcoin fell 2.6% to $73,445, Ethereum dropped 2.5% to $2,011, Solana decreased by 2.2%, and TRX saw a decline of 5.6%, making it one of the weakest tokens among the top ten cryptocurrencies by market capitalization. Market analysts believe that the cooling inflow of funds into spot Bitcoin ETFs is putting pressure on coin prices.In contrast, some small and mid-cap tokens performed remarkably well. Among them, the native token of Hyperliquid, HYPE, surged 19.4% this week to around $65, becoming the biggest highlight in the market. Previously, Intercontinental Exchange (ICE) CEO Jeffrey Sprecher referred to Hyperliquid as "a bigger opportunity than Nasdaq" at the Bernstein conference, further boosting market sentiment. Additionally, BNB rose 1.9% this week, XRP increased by 0.7%, and DOGE remained basically flat.On the macro level, U.S. President Trump stated that a final decision on the U.S.-Iran ceasefire memorandum is close, but he still insists on Iran abandoning its nuclear program, handing over its enriched uranium stockpile, and opening the Strait of Hormuz. Market participants believe that due to significant differences between the two sides on key issues, the current rebound in risk assets remains relatively fragile, and any negative news regarding the Iran negotiations could trigger a reversal in market sentiment.

United Texas Bank announced that it has received approval from the Office of the Comptroller of the Currency (OCC) to convert its state bank charter into a national bank charter, allowing it to directly access the Federal Reserve payment systems (ACH and Wire) while maintaining FDIC insurance coverage. This will provide a more stable dollar banking channel for cryptocurrency exchanges, OTC desks, and stablecoin-related businesses, addressing the dollar settlement and liquidity issues in the cryptocurrency market.

According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows:Top five gainers: Stellar (XLM) up 25.3%, current price $0.2001; Hedera (HBAR) up 2.36%, current price $0.08828; Midnight (NIGHT) up 2.26%, current price $0.03505; DeXe (DEXE) up 2.22%, current price $16.84; World Liberty Financial (WLFI) up 1.12%, current price $0.05986.Top five losers: Worldcoin (WLD) down 22.25%, current price $0.2853; Venice Token (VVV) down 16.08%, current price $14.85; Bitcoin Cash (BCH) down 14.52%, current price $295.22; LayerZero (ZRO) down 13%, current price $1.11; Render (RENDER) down 12.31%, current price $1.98.

According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows:Top five gainers: Worldcoin (WLD) up 30.06%, current price $0.3929; OKB (OKB) up 12.85%, current price $94; Artificial Superintelligence Alliance (FET) up 11.59%, current price $0.2513; Render (RENDER) up 7%, current price $2.35; Celestia (TIA) up 6.12%, current price $0.4793.Top five losers: Zcash (ZEC) down 10.01%, current price $610.14; DeXe (DEXE) down 6.8%, current price $16.23; Quant (QNT) down 5.06%, current price $75.96; Ondo (ONDO) down 4.64%, current price $0.4178; Canton (CC) down 3.99%, current price $0.1608.

According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows: Top five gainers: NEAR Protocol (NEAR) up 21.14%, current price $2.20; Worldcoin (WLD) up 12.39%, current price $0.2947; Artificial Superintelligence Alliance (FET) up 9.05%, current price $0.2105; Quant (QNT) up 8.76%, current price $79.28; Celestia (TIA) up 8.74%, current price $0.445.