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Trump Backs ‘Future-Proof’ US Crypto Framework as Clarity Act Moves in Congress
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.
USDC
USDC+0.00%
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ECB Steps Up Digital Euro Push as Stablecoin Market Nears $300B
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.
USDC
USDC+0.00%
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Ondo Finance readies Ondo Perps RWA perpetuals after CFTC clears Kalshi BTCPERP
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.
GMX
GMX-0.32%
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Avalanche Handles 60,000+ FIFA World Cup Ticket Transactions via RTB Tokens
Avalanche said FIFA World Cup-related ticketing activity on its network surpassed 60,000 transactions over the last few days, after fans used “Right to Buy” (RTB) digital assets through FIFA Connect. Arielle Pennington, Avalanche’s SVP of Growth, said transaction volume reached up to 24x normal levels while active addresses rose about 10x, even before the tournament began. She argued the episode shows blockchain can run in the background of consumer apps, while regulators have raised concerns and probes have been launched into FIFA’s ticketing practices.
AVAX
AVAX-1.19%
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Coinbase's Base saw a TEE bug halt Ethereum state updates for 30+ hours
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.
ETH
ETH-2.34%
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Circle Blacklists Zama's cUSDC Contract, Freezing 12.6 Million USDC on Ethereum
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.
USDC
USDC+0.00%
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