Radiant Capital (RDNT) said on June 2, 2026 that it will shut down its DeFi lending protocol, after an October 2024 attack that drained $50,000,000. The project said the breach involved malware that led developers to sign "poisoned" transactions while Safe {Wallet} appeared to show legitimate details. On-chain tracking later indicated the stolen funds were converted into about 21,957 ETH, with selling activity beginning in August 2025.

Cango Inc. (NYSE: CANG) posted an unaudited Q1 2026 net loss of $261.1 million, which it attributed largely to non-cash bitcoin-related accounting items rather than core operations. The company reported $102.0 million in revenue and reduced long-term debt from $557.6 million to $30.6 million after selling roughly 4,451 BTC. It also said it began pilot deployments of its EcoHash GPU compute offering aimed at AI inference and high-performance computing workloads.

The US Senate has returned from recess with the Digital Asset Clarity Act prioritized, a proposal that would prohibit the Federal Reserve from issuing a retail CBDC without explicit congressional authorization. The bill previously passed the House in July 2025 and later advanced through Senate Agriculture in January and Senate Banking in May on a 15–9 vote, with some lawmakers now projecting a possible floor vote by August. Supporters argue the change would favor private stablecoin issuers such as USDT and USDC, while negotiations are expected to hinge on provisions including ethics language and rules around yield or rewards.

On June 2, 2026, Block's Cash App expanded its crypto features to let users send and receive USDC across Solana, Ethereum, Polygon and Arbitrum. The company said transfers can be made directly from existing U.S. dollar balances without separate wallets or bridges, and that no additional fees will be charged. The rollout positions Cash App's roughly 59 million monthly active users closer to blockchain-based payments as the stablecoin market tops $300 billion in circulating supply.

Citi says tokenized securities and real-world assets may expand from about $17 billion to $5.5 trillion globally by 2030, with a projected range of $2.7 trillion to $8.2 trillion. The bank highlights tokenized Treasury bills, digital stocks, and stablecoins as key building blocks, including an estimate of roughly $1 trillion in potential new Treasury demand tied to stablecoin growth.

On June 2, 2026, US President Donald Trump said his administration will seek a “future-proof” digital asset market structure that he claims would make crypto-friendly rules harder for future administrations to unwind. His comments arrive as the Clarity Act advances in Congress, aiming to set federal standards for digital assets, exchanges, stablecoins, and oversight split between the SEC and the CFTC. Analysts said the bill still faces political hurdles, including the need for broader bipartisan backing to clear Senate procedures.

On June 1, 2026, ECB Executive Board member Isabel Schnabel said rapid stablecoin growth could amplify financial-stability risks and reinforce reliance on the U.S. dollar, urging Europe to speed up work on a digital euro. The ECB estimates the global stablecoin market is nearly $300 billion, with USDT and USDC accounting for about 90% of circulation. The ECB expects technical preparations for a potential digital euro launch to be completed by 2029, provided legislation is approved in 2026.

Ondo Finance said it plans to roll out Ondo Perps within weeks, offering perpetual futures on tokenized stocks, ETFs, and commodities with up to 20x leverage for non-U.S. users. The planned launch follows the CFTC’s May 29 approval of Kalshi’s BTCPERP, described as the first U.S.-listed regulated perpetual futures contract. Ondo Perps’ key design is a collateral model that lets traders post tokenized securities rather than relying only on stablecoins.