MEXC On-chain Daily Report：UK FCA Proposes 10% Crypto Cap for Retail Funds

Updated: June 10, 2026, 09:30 (UTC+8) | Author: MEXC

1. Headlines

• Japan’s three major banks plan to jointly issue a stablecoin within FY2026
• Circle launches wrapped Bitcoin product cirBTC to expand into BTC DeFi
• U.S. FDIC proposes clarifying that stablecoins are not covered by deposit insurance
• SBI Shinsei Bank pilots BTC, ETH, and XRP rewards for deposit interest
• TON token to officially rebrand as GRAM on June 15

2. Industry Developments

BIT: Crypto Market Bets on Strong Post-IPO Performance for SpaceX

According to Odaily, BIT Group stated that market sentiment remains highly optimistic ahead of SpaceX’s anticipated IPO. Synthetic perpetual contracts tied to SpaceX on Hyperliquid and Binance are currently trading at valuations significantly above the expected IPO price, implying a market valuation close to $2 trillion. Prediction market data suggests a 68% probability that SpaceX will exceed a $2 trillion valuation before year-end, reflecting strong investor confidence in the company’s long-term growth prospects.

Samsung Announces Full-Scale AI Integration Across Group Operations

According to ETNews, Samsung has officially launched its “AI Transformation” initiative, introducing artificial intelligence across all business units. The company plans to deploy generative AI tools including Gemini, ChatGPT, and Claude throughout eight core functions, including development, procurement, manufacturing, logistics, marketing, sales, customer service, and corporate operations. Samsung will also provide AI training programs for approximately 2,300 executives and employees, accelerating organization-wide AI adoption.

UK FCA Proposes Allowing Retail Investment Funds to Hold Up to 10% Crypto Exposure

According to Cointelegraph, the UK Financial Conduct Authority (FCA) has released a consultation paper proposing that certain approved investment funds be permitted to allocate up to 10% of their portfolios to crypto exchange-traded products. The proposal seeks to balance investor demand with consumer protection by enabling controlled digital asset exposure while limiting risk. Public consultation will remain open until July 13.

CFTC Plans to Hire 100 Additional Employees for Crypto and Prediction Market Oversight

According to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) has canceled plans to relocate its headquarters and intends to add approximately 100 staff members. The expansion aims to address growing oversight needs arising from rapidly expanding prediction markets and digital asset activities. Industry observers view the move as preparation for broader regulatory responsibilities under forthcoming U.S. crypto market structure legislation.

Morpho Raises $175 Million Led by a16z Crypto and Paradigm

According to Fortune, DeFi lending protocol Morpho has completed a $175 million funding round led by a16z Crypto, Paradigm, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, and VanEck. The financing values the protocol at approximately $2 billion. Morpho currently manages around $6.6 billion in total value locked (TVL) and is already utilized by institutions including Coinbase, Kraken, Anchorage Digital, and Galaxy Digital. The company plans to further expand institutional on-chain lending services.

Zodia Custody Secures Luxembourg Payment Institution License

According to The Block, institutional digital asset custodian Zodia Custody has obtained a payment institution license from Luxembourg’s CSSF regulator. The approval allows the company to offer compliant stablecoin custody and transfer services across the European Union. Zodia noted that the license complements its MiCA regulatory framework and strengthens support for institutional settlement, liquidity management, and digital asset operations.

Coinbase and Cardless Launch Stablecoin-Backed Credit Card

According to CoinDesk, Coinbase has partnered with fintech company Cardless to launch a credit card backed by USDC collateral. Users can pledge stablecoins to obtain credit lines, targeting digital asset holders who may face difficulties accessing traditional credit products. Industry analysts view the initiative as another significant step toward integrating crypto assets with mainstream consumer finance.

Crypto Payment Card Volume Reaches Record High in May

According to Odaily, data from Paymentscan shows crypto payment card transaction volume reached an all-time high in May. RedotPay ranked first with $445.4 million in transaction volume, followed by KAST with $174.7 million and ether.fi with $80.4 million. Among all providers, useTria recorded the strongest monthly growth rate at 47.1%. The data highlights growing adoption of crypto payment products and continued demand for stablecoin-based payments in real-world spending scenarios.

3. MEXC Market Hot List

Data Source: Real-time MEXC market data before 09:30 (UTC+8). Data may change as market conditions evolve.

Top 24H Gainers

• GUA/USDT (+162.74%)
• XT/USDT (+70.39%)
• BTW/USDT (+42.86%)

Top 24H Trading Volume

• BTC/USDT (652.619M)
• ETH/USDT (318.893M)
• SOL/USDT (76.874M)

Trending Meme Tokens

• KINS/USDT
• JOTCHUA/USDT
• LMAO/USDT

4. On-Chain Calendar

High-Risk Token Unlocks

• Rain/USDT — Jun 11, 18:15: 722.09M tokens unlocked, representing 8.13% of circulating supply; very high selling pressure expected.
• Humanity/USDT — Jun 24, 10:45: 74.3M tokens unlocked, representing 16.39% of circulating supply; extremely high selling pressure expected.

Key Macro Events Today

• Jun 10, 00:30 — ECB President Speech (may influence euro strength and market risk appetite)
• Jun 10, 16:00 — ECB’s Buch Speaks (potential impact on eurozone monetary policy expectations)
• Jun 10, 20:30 — U.S. Core Inflation Data (key indicator affecting Fed rate expectations and USD performance)
• Jun 10, 21:45 — Bank of Canada Interest Rate Decision (may influence CAD and broader risk sentiment)
• Jun 10, 22:30 — Bank of Canada Press Conference (forward guidance may affect global market sentiment)

5. Daily Risk Alert

Recent security reports indicate a continued rise in malicious signature scams targeting crypto users. Attackers commonly lure victims through fake airdrops, counterfeit task platforms, and fraudulent NFT minting pages, encouraging users to connect wallets and sign seemingly harmless authorization requests.

Because some wallets do not fully display transaction details, users may unknowingly grant token transfer permissions or unlimited spending approvals. In many cases, attackers delay exploitation until significant assets are deposited, making these attacks particularly difficult to detect.

Users are strongly advised to carefully review all signature requests and verify the destination address and permissions before approving any transaction. If the purpose of a signature is unclear, it should be rejected immediately. For enhanced security, store significant assets in cold wallets or separate wallets and periodically review and revoke unnecessary permissions to minimize the risk of unauthorized asset transfers.

MEXC Chain Observation Daily, updated daily, strives to provide professional, timely, and in-depth market analysis for cryptocurrency practitioners. Welcome to share and subscribe.

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Risk Warning: The content of this article is for reference only and does not constitute any investment advice. The cryptocurrency market is volatile, please make a cautious decision based on your own situation.