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Japan's three largest banks plan to jointly issue a stablecoin by 2026

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June 9 – Nikkei News reports that Japan’s three largest banks plan to jointly issue a Japanese yen-pegged stablecoin by the end of Japan’s 2026 fiscal year. The group has set up a coordination mechanism to advance work on designing use cases and operational processes for real-world transaction scenarios. Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank are expected to sign a basic agreement soon. Since November 2025, the three institutions have been conducting joint pilot trials under the guidance of Japan’s Financial Services Agency (FSA) to prepare for the stablecoin’s launch. Moving forward, the coordinating committee will continue to promote the stablecoin’s practical application and commercialization, aligned with relevant laws and regulations as well as broader market development trends.
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U.S. Stock Market Storage Sector Posts Broad Gains, SanDisk Rises by 4.75%

June 9 – Bitget market data shows the U.S. semiconductor storage sector posted broad gains. Micron Technology (MU) climbed 2.32%, SanDisk (SNDK) advanced 4.75%, Western Digital (WDC) inched up 0.15%, and Seagate Technology (STX) gained 1.08%.

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APLD surged over 12% at one point as the company signed a $5.2 billion data center leasing agreement.

June 9 — Per Bitget market data, Applied Digital (APLD.O) surged more than 12% to reach $44.86 at one point. The company had earlier signed a $5.2 billion agreement to lease an artificial intelligence data center.

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U.S. Stock Market Opens with Major Indexes Up

On June 9, Bitget market data showed U.S. stocks opened with broad gains: the Dow Jones Industrial Average rose 0.3%, the S&P 500 advanced 0.5%, and the Nasdaq Composite gained 0.7%. Qualcomm (QCOM.O) climbed 0.3% after Jensen Huang recommended buying the stock. Broadcom (AVGO.O) picked up 1.1% following news that it has partnered with Blackstone and Apollo to establish an AI computing power platform. The Philadelphia Semiconductor Index added 1.98%.

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Robinhood has launched JTO

June 9: Robinhood launched JTO, per its official website.

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The Hacker Strikes Again with Another 1 Billion Token Mint

June 9 — According to Ashes Monitor, hacker H minted another 1 billion tokens just 20 minutes ago. However, the token’s on-chain price has dropped to $0.0003, making large-scale cashouts impossible.

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JPMorgan Chase: U.S. Stocks Still Have Room to Rise

On June 9, Jack Caffrey of J.P. Morgan Asset Management told Bloomberg that while some signals suggest the U.S. stock market may have become overextended, equities still have upside potential supported by corporate earnings growth. Caffrey added that even as the U.S. economic expansion enters its later stages, corporate profits are projected to rise by 22% or more in 2026. He noted last year’s corporate profit growth landed in the mid-teens, and a similar growth pace is likely to persist in 2027.

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