On Wednesday, a House of Lords committee urged the UK to advance stablecoin oversight while avoiding measures that could suppress the nascent market for pound sterling-pegged tokens. The panel warned that overly restrictive requirements—such as proposed caps on wallet holdings and forcing issuers into zero-interest central bank deposits—could undermine competitiveness and leave the UK trailing the US and EU.

Polymarket said it signed an exclusive distribution partnership with Berlin-based football media platform OneFootball, aiming to reach 200 million monthly active users and a wider 645-million-fan ecosystem ahead of the 2026 FIFA World Cup in North America. The rollout is limited to eligible jurisdictions, with Germany excluded because Polymarket does not hold a German gaming license. The company has added six football-related partnerships over five months, even as European regulators increase scrutiny of prediction-market platforms.

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.

On June 2, 2026, the U.S. Department of the Treasury announced sanctions on several Iranian cryptocurrency trading platforms and associated individuals. The designations place the named entities and people on OFAC’s Specially Designated Nationals (SDN) list, restricting their access to the U.S. financial system and requiring U.S.-linked firms to block related transactions.

Franklin Templeton and Moonpay formed a strategic partnership linking the Benji Technology Platform with Moonpay Trade’s institutional execution stack. Eligible institutions can swap between supported stablecoins and Franklin Templeton’s tokenized money market funds onchain, adding liquidity and operational flexibility for treasury and collateral workflows. Franklin Templeton reported $1.74 trillion in AUM as of April 30, 2026, while Moonpay said it serves 30 million customers across 180 countries.

OpenSea has signaled it may add perpetual futures trading using Hyperliquid’s infrastructure, marking a potential move beyond NFTs into crypto derivatives. The tease came in an X post dated June 1, 2026, from product marketing lead Zack Brenner, who also replied “YES” when asked if Hyperliquid would power the feature. OpenSea has not shared a product page, launch date, supported assets, or user terms.

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.