Crypto Market Digest: Stablecoins and Tokenization Take Center Stage (2023-06-11)

The U.S. government has transferred another $216,000 of seized FTX/Alameda assets.

June 11th news, according to Onchain Lens monitoring, the U.S. government has once again transferred $215,673.00 in assets from confiscated FTX/Alameda funds (a cumulative transfer of $983,696.00 in nearly 9 hours), including LINK, AAVE, CHZ, BAL.

[PANews]

Visa brings OpenAI into AI commerce push with stablecoin upgrades

Visa has introduced new AI, stablecoin, and token capabilities at Visa Payments Forum 2026. The company said the tools will help clients support faster and more automated commerce. The updates cover agentic payments, token assurance, stablecoin settlement, and tokenized deposits.

Visa Chief Product and Strategy Officer Jack Forestell said AI and stablecoins are changing money movement. “AI is transforming the front end of commerce,” Forestell said. He added that stablecoins are changing the back end of payments, and Visa wants to support these systems with security, reliability, and global scale.

Visa Intelligent Commerce will support agentic commerce, where AI agents act for users. The platform gives agents controls, connectivity, and tools to complete trusted transactions. The company also introduced Agent Score with New Generation, a tool that helps merchants check whether AI agents can navigate and complete tasks on their websites. Visa also announced an Agentic Directory for verified agents and merchants to identify trusted partners.

Visa said it has formed a strategic partnership with OpenAI. The collaboration will support secure Visa payments inside agentic commerce experiences across OpenAI.

Visa also announced token upgrades for AI-driven commerce. The company said tokens will carry more data, context, and assurance during digital transactions. Visa plans to add more details about transaction type, token use, and payment origin, alongside a new token assurance signal that uses provisioning and behavioral history to measure trust.

These upgrades will give issuers more signals for approval decisions, helping reduce false declines for merchants and friction for consumers. Visa noted that AI-driven commerce needs credentials with stronger identity and permission signals, and that trust should move across devices, channels, and use cases.

Visa also demonstrated early work from Crypto Labs and developer teams, including a proof of concept that lets AI agents pay for digital services through a terminal. “We believe a growing share of creation and transactions will be led by developers using AI tools,” Forestell said.

Visa also outlined progress on stablecoins and blockchain-based settlement. The company said it will build a technology layer for tokenized deposits, letting banks turn traditional deposits into programmable digital money while keeping funds on the balance sheet.

Visa is actively expanding stablecoin settlement pilots across regions, blockchains, and currencies, having moved billions of dollars across VisaNet. As of March 2026, its stablecoin settlement run rate reached about $7 billion. Issuing banks already settle onchain with Visa seven days a week, and the company is working to extend this to acquirers to increase flexibility.

Visa continues to expand stablecoin-linked card programs worldwide, with more than 160 programs live or in development. For clients modernizing systems, Visa pointed to modular and cloud-native services like Pismo, Unified Checkout, and Visa Intelligent Authorization. “History is filled with innovations that never reached scale,” Forestell said, adding that trust, security, and global reach decide which systems succeed.

[crypto.news]

Bitcoin takes back seat to stablecoins and tokenization among financial advisors: Bitwise CIO

Financial advisors are now showing more interest in stablecoins and tokenization than bitcoin, according to Bitwise Chief Investment Officer Matt Hougan, who based the view on meetings with more than 40 advisors this week.

Hougan said he held eight sales calls in a single day, speaking with teams of advisors that highlighted two key themes: financial advisors remain interested in crypto despite the current bear market, but their attention is increasingly shifting beyond bitcoin. “Their eyes are on stablecoins and tokenization more than bitcoin,” Hougan wrote in his latest memo published Wednesday.

The shift comes even as Hougan said he personally finds the current bitcoin price above $60,000 “incredibly attractive” for long-term investors and acknowledges that bitcoin has historically led crypto out of previous bear markets because it is the largest and most established digital asset. However, Hougan said advisors showed much greater curiosity about crypto’s real-world applications, particularly stablecoins and tokenization, which are increasingly being adopted across payments and capital markets.

“The reason, I think, is twofold,” Hougan wrote. “On the one hand, the fiat debasement trade has receded from investors’ minds generally.” He pointed to gold trading about 20% below its all-time high as an example. At the same time, Hougan said stablecoins and tokenization have moved to the center of industry discussions, with figures including Securities and Exchange Commission Chair Paul Atkins, Goldman Sachs CEO David Solomon and BlackRock CEO Larry Fink regularly discussing the themes. “Investors want to be a part of that,” Hougan wrote.

Hougan also said the conversations suggest financial advisors remain interested in crypto despite the market downturn, which he views as an encouraging sign for the industry’s next growth phase. Throughout crypto’s history, Hougan said each major bull market has been driven by a combination of new products and new investor groups. He pointed to Ethereum’s launch and early retail investors after the 2014 bear market, DeFi Summer and Covid-era retail investors deploying stimulus checks after 2018, and spot bitcoin exchange-traded funds together with mass retail and hedge fund investors following the 2022 FTX collapse.

Looking ahead, Hougan said new products such as stablecoins, tokenization, perpetual futures and other real-world applications could provide the next catalyst. But for a sustained recovery, he said crypto also needs a new wave of investors. “The best hope in my view is financial advisors and institutional investors—many of whom still face hurdles to accessing crypto exposure,” Hougan wrote. “The fact that they remain interested despite the pullback is good news.”

If financial advisors become the next major source of crypto inflows, Hougan said money may first flow into stablecoin- and tokenization-linked investments rather than bitcoin. Among the assets he highlighted were Ethereum, Solana, Canton, Chainlink and Avalanche, all of which came up during his meetings, Hougan said. He also pointed to newer trading-focused tokens such as Hyperliquid and crypto-related companies including Figure, Circle and Coinbase as potential beneficiaries.

Hougan noted that financial advisors collectively manage more than $175 trillion and said his discussions suggest they now “have a much broader and more nuanced view of crypto’s potential than they did even two years ago.” “That’s a big deal,” he wrote. “It might also be the thing that leads us into the next bull market.”

[The Block]

U.S. media: Iranian and U.S. officials continue negotiations through the Qatari channel

Despite the exchange of fire, negotiations are still ongoing. Regional sources revealed that Iranian and US officials held parallel talks with Qatari mediators in Doha over the past two days. Qatar had attempted to arrange a trilateral meeting to directly negotiate remaining differences, but Iran refused.

Qatari mediators traveled to Tehran on Wednesday to meet with Iranian Foreign Minister Araghchi and other Iranian officials, attempting to re-energize the negotiation process. Two US officials stated that they hoped Tuesday’s strike would prompt Iran to act and respond to Trump’s proposal, with Trump’s threats being part of the same pressure strategy.

“The deal is still on the table, but if Iran continues to delay and respond negatively, the President is prepared to make Iran pay the price,” one US official said.

[Odaily]

Bitmine has purchased 25,000 ETH again, bringing its total purchases to 125,000 ETH within three days.

June 11th news, according to Lookonchain monitoring, Tom Lee’s Bitmine bought another 25,000 ETH ($41.09 million) from BitGo 8 hours ago.

In the past 3 days, Bitmine has accumulated purchases of 125,000 ETH ($206 million).

[PANews]

Meta deepens India AI push with Reliance data center deal

Meta has agreed to lease a 168-megawatt AI data center in India from Reliance Industries. The facility will rise in Jamnagar, and Reliance will deliver it within two years. The deal adds new AI infrastructure for Meta while extending its partnership with Mukesh Ambani’s group.

According to Meta’s release, Reliance Industries will build the AI-enabled data center for the US technology company. The facility will carry 168 megawatts of capacity and include an option to scale. Reliance operates businesses across petrochemicals, textiles, media, telecom, and digital services. Its new agreement with Meta adds data centers to a long-running technology partnership between both companies.

“This world-class facility in Jamnagar will help us scale our AI infrastructure globally,” Meta CEO Mark Zuckerberg said. He said the project also deepens Meta’s long-term investment in India’s economy. Reliance Chairman Mukesh Ambani described Meta’s latest investment as a “transformative moment for India’s digital infrastructure.” His company will build the site and lease it to Meta after completion.

The two companies already have deep business links in India. In 2020, Meta invested $5.7 billion in Jio Platforms, Reliance’s telecom and digital services unit. Last year, Meta and Reliance expanded their work through a joint venture. The partnership made Meta’s open-source AI models available to Indian enterprises and developers.

Global hyperscalers have increased data center spending in India as AI infrastructure demand grows. The country has attracted $400 billion into its AI ecosystem over the last year. Most of that money has gone toward data centers and energy systems, according to the provided industry figures. Large AI systems need high-capacity sites and steady power supply.

Nomura said in a June 2 report that India’s data center industry ranks among the fastest-growing globally. The brokerage also said India remains cost-efficient compared with developed Asia Pacific and Western markets. India’s data center capacity could rise to 7 gigawatts by 2030, according to Nomura. The report linked that growth to cost advantages and rising hyperscaler demand.

The Indian government also introduced a 20-year tax exemption earlier this year. The policy covers hyperscalers using Indian data centers to serve clients outside the country. The tax rule adds another incentive for companies building AI infrastructure in India. Meta’s Reliance deal comes during that expansion of policy and private-sector investment.

Meta is also working with Indian clean energy firms CleanMax and Fourth Partner Energy. The company said those partnerships cover nearly 1 gigawatt of renewable energy. The projects will operate across northern and southern Indian states. They will supply clean power to Meta’s expanding infrastructure footprint in the country. Meta said the India energy investments align with its global clean power target. The Facebook parent wants to match all operations with 100% clean and renewable energy.

The Jamnagar data center agreement adds to Meta’s existing India commitments. The deal links AI infrastructure, renewable power, and Reliance’s industrial base in one project. Reliance will deliver the data center within two years, according to Meta’s release. The facility also includes an option to scale after the first phase.

Bitwise Memo Uncovers Key Insight From 40 Financial Advisors

Bitwise CIO Matt Hougan says financial advisors remain interested in crypto but now care more about stablecoins and tokenization than Bitcoin. He drew the conclusion after speaking with more than 40 advisors in a single day of sales calls. Data from analytics firm Artemis points the same way, as stablecoin mentions in SEC filings and investor presentations peaked at roughly 1,000 in the first quarter of 2026.

Hougan described the conversations in a memo published on June 10. Reportedly, he met eight advisory teams on Monday, his busiest single day since joining Bitwise eight years ago. Engaging those advisors on Bitcoin proved difficult, he admitted, even at prices near $60,000 that he considers attractive for long-term investors. Instead, conversations kept returning to payments, capital markets, and tokenized assets.

Hougan expects that flow to favor tokenization rails such as Ethereum (ETH) and Solana (SOL), plus stablecoin-linked equities Circle (CRCL) and Coinbase (COIN). The pattern would echo earlier cycles, he argued, including the spot ETF progress that pulled crypto out of its 2022 collapse.

Artemis adds a measurable signal to the anecdotes, showing stablecoin references in corporate disclosures hit their highest recorded level in Q1 2026. Regulation helps explain the timing. On February 19, SEC staff said broker-dealers may apply a 2% capital haircut to payment stablecoins, treating them as near-cash. That guidance builds on the GENIUS Act, the 2025 law that created a federal category for payment stablecoins.

Usage data tells a similar story. A Fireblocks report based on a March 2025 survey of 295 finance executives found 49% of institutions already use stablecoins for payments. Hougan frames advisors, a group managing more than $175 trillion by Investment Adviser Association figures, as the new investor class that could end the 2026 downturn. Therefore, their engagement matters more than usual after his earlier crypto winter call proved prescient.

Spot gold breaks below the $4,100 mark.

June 11th news, according to Bybit market data, spot gold has fallen below the 4100 USD/ounce psychological level, currently trading at 4099.66 USD, a decrease of 3.75% within the day.

[PANews]

All three major U.S. stock indices closed lower, while HOOD rose more than 3.28%.

On June 11, news broke that all three major US stock indices closed down, with the Dow Jones Industrial Average falling 1.81%, the Nasdaq Composite Index dropping 2.22%, and the S&P 500 Index declining 1.59%.

Crypto-related stocks showed mixed performance. COIN (Coinbase) fell 1.50% during the day, while HOOD (Robinhood) rose 3.28%.

[PANews]

Bitwise CIO: Financial advisors’ interest in stablecoins and tokenization has surpassed Bitcoin

On June 11, Bitwise Chief Investment Officer Matt Hougan stated that, based on meetings this week with over 40 financial advisors, interest among financial advisors in stablecoins and tokenization has surpassed interest in Bitcoin.

Despite the ongoing bear market, financial advisors remain interested in crypto, but their focus is increasingly shifting beyond Bitcoin. There are two reasons for this: first, fiat depreciation trading has faded from investors’ awareness; second, stablecoins and tokenization have become central topics of industry discussion, frequently addressed by figures such as the SEC Chair, the CEO of Goldman Sachs, and the CEO of BlackRock.

Hougan noted that financial advisors manage over $175 trillion in assets, and their sustained interest in crypto is a positive signal for the industry’s next growth phase.

[PANews]

A maritime conflict occurred between the U.S. and Iran in the early hours, prompting Iran to close the Strait of Hormuz to all vessels.

June 11th news, according to CCTV News, US Secretary of Defense Hagseth stated that the US Central Command will be “very busy” on the evening of the 10th (US Eastern Time) because the US military will “fiercely strike Iran” that night, and “will bomb key facilities within Iran.”

Prior to this, Iranian Armed Forces Spokesperson Abolfazl Shekarchi responded to the US remarks about striking Iran’s infrastructure by stating that Iran will respond to every threat from the US with a response that is “more severe, more powerful, and more destructive than ever before.”

Against this backdrop, according to CCTV International News, Iran’s Mehr News Agency reported early this morning local time on June 11th that Iran and the US military had a conflict at sea. Preliminary reports indicate that US warships near the Strait of Hormuz were attacked by Iranian missiles and drones.

[PANews]

Solana infrastructure company Helius acquires Light Protocol to expand on-chain privacy

On June 11, Helius, a Solana infrastructure company, announced the acquisition of Light Protocol to expand on-chain privacy solutions.

Light Protocol was founded in 2021 and initially focused on zero-knowledge proof privacy tools. Later, it collaborated with Helius to jointly develop the ZK Compression data solution, which was launched in 2024. ZK Compression is an infrastructure framework that leverages zero-knowledge proofs to reduce Solana’s data storage costs.

[PANews]

A smart money investor bought $220,000 worth of NBA Finals Game 4 tickets for the Spurs’ victory over the Knicks.

Monitoring shows that a smart money address (0x2c335066fe58fe9237c3d3dc7b275c2a034a0563), which has earned over $2 million on Polymarket, purchased $220,000 worth of “Spurs vs. Knicks” contracts for Game 4 of the NBA Finals, with an average entry price of $0.45 and a floating profit of $7,300.

Game 4 of the NBA Finals—Spurs vs. Knicks—will tip off today at 8:30 a.m. Beijing Time; this game will be held at the Knicks’ home arena. The current series stands at 2–1 in favor of the Knicks. Additionally, in NBA Finals history, only five teams have ever come back from a 0–2 series deficit to win the championship.

Stay tuned to prediction markets—to see change before it’s priced in.

[Odaily Seer]

Anthropic proposes legal powers to stop high-risk AI launches

Anthropic has proposed new AI policy frameworks as advanced systems gain stronger capabilities. The company wants governments to set rules for frontier models and prepare workers for AI’s economic impact. Its plan covers dangerous deployments, independent testing, cybersecurity, and public resilience.

Anthropic introduced two proposals under its “Policy on the AI Exponential” plan. The Advanced AI Framework focuses on powerful models, while the Economic Policy Framework addresses workers and shared financial benefits. The company argued that AI now moves faster than current policymaking systems and that governments need authority to block or deter dangerous model deployments. Under the plan, civil penalties would tie to global annual revenue, with repeat violations bringing higher penalties.

The framework also calls for frontier developers to test models before release. Developers would publish summaries, safety frameworks, and system cards for powerful AI systems, while independent evaluators would review model tests and risk reports. Anthropic also wants developers to maintain strong security programs for model weights and training systems. The proposal supports transparency laws in states such as California and New York, though the company argued that public disclosure alone no longer matches the speed of AI development.

The proposed rules would apply only to the most advanced AI systems. Anthropic set the threshold at models trained above 10²⁵ floating-point operations. The framework would also cover companies earning more than $500 million in AI-related revenue, or firms spending more than $1 billion on AI research and development.

Anthropic named four main risk areas in the proposal: biological risk, cyber risk, loss of control, and automated AI research. For biological risk, the company warned that unsafe systems could help attackers develop harmful viruses, though it noted similar tools can support drug discovery. For cyber risk, frontier models can find serious software flaws at large scale, raising concerns for hospitals, energy grids, and other key systems. The company also highlighted risks from systems acting outside developer control, noting that automated AI research could increase these dangers if safeguards fail.

Anthropic wants frontier developers to publish regular risk reports describing their overall risk posture and model safety work. The framework also calls for at least one qualified independent evaluator to review company evaluations and publish findings. Governments and industry would set standards for these evaluators, who would require funding and access to frontier models. Security rules form another major part of the framework, requiring developers to protect their development environments from outside attackers and insider threats.

Anthropic suggested that policymakers could start with lighter rules and adjust them over time, noting that regulation should follow model capabilities and evaluation standards. The second part of the framework focuses on public resilience, recommending stronger planning for biological, cyber, and control-related AI risks. For biology, the proposal includes gene synthesis screening and early-warning biosurveillance. For cyber, it calls for stronger internet software and support for critical infrastructure operators.

Anthropic proposed joint work between government and industry on model safeguards, noting that work on loss-of-control and automated research risks remains less developed. It called for better tools to detect, contain, or shut down unsafe systems. Anthropic urged policymakers to act as model capabilities continue improving, emphasizing that AI governance must keep pace with the technology.

Anthropic CEO: Governments should have the authority to block the deployment of new models

Dario Amodei, CEO of Anthropic, stated that governments should have the authority to block the deployment of new AI models if they pose specific risks. In a lengthy article published on Wednesday, Amodei advocated for mandatory third-party testing of AI models to assess potential risks across multiple domains. He wrote that if an AI system is deemed to present “unacceptable risks,” then “governments should possess the power to block or constrain its deployment.”

This represents one of Amodei’s strongest public statements to date in favor of enhanced AI regulation. Amodei wrote: “I believe that—at least during this current phase of exponential advancement—the most appropriate analogies are automobiles, aircraft, or pharmaceuticals: technologies critical to the modern economy, yet capable of causing mass fatalities if designed or used improperly.”

Anthropic previously warned the public that its AI model Mythos possesses the capability to discover and exploit critical software vulnerabilities, prompting the company to restrict access to only a select group of partners. This week, Anthropic released a new version of the model with those cybersecurity attack capabilities removed.

[Golden Ten]