The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

On June 10, the Hong Kong Securities and Futures Commission (SFC) further clarified a circular issued on May 22. Under FAQ 9 of the circular, licensed Hong Kong companies may continue opening new accounts for mainland Chinese investors (who use Chinese Resident Identity Cards and/or Chinese passports as identification), provided they meet all account opening requirements. The SFC also stated that licensed Hong Kong companies can keep serving existing mainland clients, but such services must not be delivered within mainland China and must comply with all relevant laws and regulatory requirements in Hong Kong and applicable jurisdictions. Additionally, the SFC noted it is aware of a joint notice issued by mainland authorities on May 22, 2026, and added that the relevant requirements also apply to financial institutions in other jurisdictions (not limited to Hong Kong) when they provide services to mainland Chinese investors. (Source: Securities Times)

June 10 — Per official announcements, OKX has rolled out its platform-native token OKUSD, a digital asset pegged 1:1 to USDT. Key features include zero-fee subscription, real-time settlement, and no lock-up periods. Holders of OKUSD automatically earn daily rewards with unlimited upside potential. Beyond that, OKUSD can be used as interest-bearing collateral for flexible loans, VIP financing, and trading account margin, enabling users to trade while earning interest simultaneously. As of now, OKUSD is exclusively available to OKX VIP users.

June 10 – On-chain analyst Yu Jin reports that the U.S. will release its Consumer Price Index (CPI) data tonight at 8:30 PM ET. A large crypto whale has begun liquidating its 50x leveraged S&P 500 short position on Hyperliquid, worth up to $148 million, seemingly positioning for a post-CPI stock market rally. This short was opened yesterday afternoon, with an unrealized profit of approximately $1.44 million as of current levels.

On June 10, data from relevant platforms shows SpaceX’s pre-market contracts on Binance are trading at $173.53, with a 24-hour gain of 2.75% and a corresponding valuation of $2.06 trillion. Separately, Trade.xyz’s data indicates SpaceX (SPCX) contracts are priced at $158.69, up 1.64% over the last 24 hours, giving the company an approximate valuation of $1.88 trillion. At current levels, Binance’s SpaceX pre-market contracts carry a 9.35% premium over those listed on Trade.xyz.

June 10 (Fortune) — Goldman Sachs and Morgan Stanley are competing to serve as lead underwriters for upcoming initial public offerings (IPOs) from AI firms OpenAI and Anthropic, per a new Fortune report. Goldman has already locked in the lead underwriter role for SpaceX’s IPO, scheduled to price on June 12. OpenAI and Anthropic each plan to raise at least $60 billion in their IPOs, bringing their combined total target to over $120 billion. Jay Ritter, an IPO expert at the University of Florida, notes the lead underwriter controls how much IPO stock institutional investors receive—a edge that could drive far bigger gains for the bank than its peers would see. Ritter explained that institutional investors routinely pay "soft dollars" to lead underwriters to secure better IPO allocations. Soft dollars refer to trading commissions that exceed actual execution costs. Since it remains unclear whether Goldman or Morgan Stanley will land the top underwriting spot for OpenAI and Anthro

June 10 – Per BiyaPay market data, Bitcoin is currently trading at $61,630 as of press time. Against a backdrop of recent Bitcoin price volatility, the market is closely monitoring three key drivers: fund flows into spot Bitcoin ETFs, macro interest rate expectations, and shifts in risk appetite. Amid heightened market volatility, investors are grappling with a dual challenge: not only predicting Bitcoin’s near-term trajectory, but also effectively managing assets and controlling risks. For many, the extreme volatility of a single asset can magnify portfolio risks, making rational asset allocation across diverse classes—including cryptocurrencies, U.S. stocks, and Hong Kong-listed equities—a top market priority. As global demand for asset allocation rises, an increasing number of users are focused on cross-market fund management efficiency. As a global one-stop multi-asset allocation platform, BiyaPay offers services including crypto-to-fiat conversions, global remittances, and tradi