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Yen Stablecoin Launch, Bitcoin ETF Floor & SpaceX's $1.18B BTC Treasury
Audio is available on Spreaker — see link below.
Japan's megabanks commit to a yen stablecoin by 2027 as institutional Bitcoin ETF inflows resume and SpaceX's IPO filing reveals an $1.18B Bitcoin treasury position. Plus: US inflation kills rate cut hopes, US-Iran peace odds spike to 96%, and the CFTC opens the door to onshore perpetual futures.
Audio is available on Spreaker — see link below.
Japan's three largest banks just made a coordinated bet against dollar settlement dominance. MUFG, Mizuho, and SMBC have jointly committed to launching a yen-denominated stablecoin by March twenty twenty-seven, operating under Japan's Financial Services Agency framework.
Shifting to the Bitcoin market, institutional buyers stepped back in this week. The spot ETF complex logged eighty-five point eight five million dollars in net inflows on June twelfth.
One of the more significant data points this cycle came through an IPO filing. SpaceX priced at one hundred thirty-five dollars per share, implying a valuation of one point seven seven trillion dollars.
The macro picture is working against rate cuts. US CPI came in at four point two percent annually in May, the highest reading since April twenty twenty-three.
The geopolitical variable that's moving fastest is US-Iran. Prediction market probabilities for a peace agreement settling by July thirty-first jumped from twelve percent to ninety-six point four percent on June fifteenth.
Two regulatory and market-structure developments round out today's picture. The CFTC issued a No-Action Letter permitting domestic exchanges to offer perpetual futures contracts on digital commodities.
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