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.

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.