Coinbase Ventures said it bought ENA on the open market and entered a partnership with Ethena to develop onchain finance and savings products for a combined user base of more than 100 million. Ethena said the first growth initiative tied to the collaboration is set to launch the week of June 8, 2026, though no product details or deal terms were disclosed. Ethena reports about $5.4 billion in TVL and roughly $983 million in cumulative fees since launch, alongside a token market cap of over $825 million.

Ethereum co-founder Vitalik Buterin reposted a prior idea to move stablecoins away from using the U.S. dollar as the default reference point. He proposed user-specific baskets of prediction market shares, assembled from each person's spending patterns, as the stability anchor. The post also revisits his earlier concerns about USD dependence, oracle security, and incentives when staked ETH is used as collateral.

Binance has introduced a synthetic perpetual futures contract tracking OpenAI ahead of a potential IPO, following an earlier SpaceX-linked listing. The OpenAI product began trading on May 26, is margined and settled in USDT, and offers up to 20x leverage. Binance said the SpaceX pre-IPO perpetual exceeded $280 million in cumulative trading volume in its first five days, motivating the expansion.

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.

On June 1, 2026, Ethereum co-founder Vitalik Buterin published a proposal outlining how DeFi synthetic assets could be rebuilt around options contracts rather than CDPs and liquidations. The design targets lower dependence on real-time price oracles and replaces sudden forced exits with user-managed option rollovers that adjust exposure more gradually as ETH moves.

Strive (NASDAQ: ASST) said it expects to expand its at-the-market programs by $2.1 billion for Class A common stock and $2.1 billion for SATA preferred shares, lifting the combined increase to $4.2 billion. The company also added about 2,649 BTC this week, and CEO Matt Cole said an updated balance sheet is planned before U.S. markets open on Tuesday, June 2.

Alephium said its TokenBridge on Ethereum was exploited, with roughly $815,000 drained after an attacker minted 13.76 million wrapped ALPH from forged transactions. The team urged liquidity providers to pull funds from ALPH pools on Uniswap and PancakeSwap and avoid swapping against those pools while the bridge remains shut down.

Circle froze Zama's confidential USDC (cUSDC) contract on Ethereum after more than $12.5 million USDC tied to an address linked to the Overnight Finance hack entered the wrapper, leaving about $12.6 million inaccessible. The contract-level freeze also hit users not connected to the flagged wallet, while ZAMA fell 18.2% intraday from around $0.039 to $0.032 before rebounding to $0.035.

Gravity Bridge, an Ethereum–Cosmos cross-chain bridge, lost about $5.4 million on May 30, 2026 in an incident on-chain analysts tied to a possible bridge contract key compromise. The attacker took mostly USDC alongside ETH, USDT, and PAYG, and later swapped much of the stolen assets into native ETH. Parts of the funds were reported to have moved through ChangeNow and Binance, while a large balance was still held in ETH at the time of reporting.