Asian stock markets open lower, with Japan and South Korea seeing declines

2026-06-11 by admin

TechFlow Deep Tide News, June 11 – South Korea’s KOSPI index opened down 225.62 points, or 2.92%, at 7505.2 points. Japan’s Nikkei 225 index opened down 737.82 points, or 1.15%, at 63441.45 points.

PANews reported on June 11th, citing The Block, that Bitwise Chief Investment Officer Matt Hougan stated that based on meetings with over 40 financial advisors this week, their interest in stablecoins and tokenization has surpassed that for 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 currency devaluation trading has faded from investors' minds; second, stablecoins and tokenization have become central to industry discussions, frequently discussed by figures such as the SEC Chairman, the CEO of Goldman Sachs, and the CEO of BlackRock. Hougan pointed out that financial advisors manage over $175 trillion in assets, and their continued interest in crypto is a positive sign for the industry's next growth phase. Hougan suggests that if financial advisors become the next major source of funding, the money may flow first to stablecoins and tokenized investments, rather than Bitcoin. He cites Ethereum, Solana, Canton, Chainlink, Avalanche, as well as exchange-traded tokens like Hyperliquid and crypto-related companies such as Figure, Circle, and Coinbase as potential beneficiaries.