Citigroup forecasts the tokenized-asset market could expand from about $17 billion to $5.5 trillion by 2030, with scenarios ranging from $2.7 trillion to $8.2 trillion. The bank also links tokenization momentum to stablecoins, projecting the stablecoin market could reach $1.9 trillion by 2030 and drive up to $1 trillion in on-chain Treasury demand.

Coinbase's Base experienced a 30+ hour settlement disruption that paused state updates and withdrawals to Ethereum, while onchain activity on Base largely continued as normal. The issue was tied to a malfunction in Base's Trusted Execution Environment (TEE) enclave and was harder to notice because withdrawals already face a seven-day challenge period. No funds were reported lost, but the incident highlighted a weak point in the rollup's settlement pipeline shortly after the Azul upgrade.

Circle froze more than 12.6 million USDC held in Zama's Confidential USDC (cUSDC) smart contract, raising new questions about issuer control over DeFi infrastructure. The move appears connected to a dispute involving Overnight Finance, but pooled funds meant some unrelated users were also impacted. ZAMA traded at $0.03346 on June 1, down 10.1% on the day, while still up 1.9% over the week and 23.7% over the month.

In the week ending May 23, 2026, several major crypto legal and policy developments pointed to a shift from case-by-case enforcement toward market-structure and financial-stability debates. Items included a reported confidential U.S. IPO filing by Blockchain.com, ECB concerns over euro-denominated stablecoin expansion, and a $54 million settlement tied to FTX-related claims.

U.S. Senator Cynthia Lummis warned that if Congress misses the legislative window for the Clarity Act, sweeping digital-asset rules may not return until 2030. She said the delay would leave developers without legal protections, expose consumers—especially in exchange bankruptcies—and limit law enforcement tools. The bill has moved through the House and a Senate committee vote but still needs full Senate action and final approval steps.

Cyble reports that an Android banking trojan dubbed OverlayPhantom is targeting more than 180 banking, financial and cryptocurrency apps across 10 countries. The malware is spread via malicious URLs that mimic trusted apps, then shows convincing fake in-app screens to steal PINs and other credentials and enable account takeover.

Gravity Bridge, a Cosmos-native cross-chain protocol, confirmed a weekend exploit that resulted in roughly $5.4 million in stolen crypto. On Saturday, May 31st, investigator Specter said the incident appears linked to a signing key compromise, and the project advised validators and orchestrators to halt operations while the probe continues.

On 31 May 2026 at 17:58, the European Commission’s internal drafts outlined EU-level taxes on cryptocurrency trading and capital gains as part of funding proposals for the 2028–2034 long-term budget. The package evaluates a 0.1% levy on crypto trading volumes estimated at €3 billion to €4 billion per year and a unified capital gains tax projected at €1 billion to €2.4 billion annually. Any tax measure would still require unanimous approval from all 27 EU member states.