U.S. Congress returns as GENIUS comments periods close, jobs report: Crypto Week Ahead
Your look at what’s coming in the week starting June 1.
Crypto
NYDIG suggests $1.3B IBIT sale was whale exiting directional trade
NYDIG’s Greg Cipolaro says a sale below market price and giving up millions of dollars for immediate execution indicates a large directional holder exited a trade on BlackRock’s IBIT last week.
Citi predicts the tokenized securities market will grow to $5.5 trillion by 2030
Stablecoins alone will generate a demand for up to $1 trillion worth of onchain U.S. Treasury bills and $2.6 trillion for tokenized stocks, said Citi.
Whitehat developer unlocks $2 million stuck in a 2016 Ethereum ICO contract for nine years
0xflorent, a security researcher, found an integer-overflow flaw in the HongCoin token sale contract that lets the team unlock funds for 48 original investors. It is the second such recovery he has publicized in eight days.
Sui Foundation says ‘major upgrade’ fixed bugs behind three outages
The Sui Network’s first two outages were caused by bugs introduced in its 1.72 update, while an interim fix deployed to restore the blockchain triggered the third.
Crypto exploit losses in May fall 90% over month to $68M: CertiK
CertiK says May is the third month so far in 2026 to record crypto losses under $100 million.
Cardano Foundation cancels annual conference after failed funding vote
Cardano Foundation has failed at its second attempt to secure funding from Cardano’s community to fund its annual conference.
XRP drops to $1.32 as sellers overpower exchange outflows
XRP hit a 15-week low before stabilizing, with traders watching whether the latest washout turns into a base or another leg lower.
Three Sui mainnet halts in 48 hours traced to an upgrade bug by developers
The Sui Foundation’s post-mortem published Sunday traces all three outages to interactions between a new address-balance feature shipped in the v1.72 release and the network’s existing gas and consensus logic.
Bitcoin extends slide as spot ETF outflows hit a record while Wall Street rips on AI
U.S. spot bitcoin ETFs lost $2.97 billion across 10 trading days through Friday, the longest outflow streak on record. Oil’s bounce on the stalled Iran deal added pressure even as global equities hit new highs on the Nvidia and SoftBank AI trade.
Aave overhauls listing standards after $230 Million rsETH exploit exposed bridge risks
An official postmortem traced the exploit to a LayerZero bridge verification failure and outlined a sweeping overhaul of Aave’s asset-listing standards as DeFi risks shift beyond smart contract bugs.
Wintermute to bring liquidity to booming prediction markets sector
Wintermute says it will provide “two-sided markets across event contracts on leading venues,” but did not specify what platforms it was trading on.
White hat hacker recovers $2M from faulty 2016 ICO smart contract
A white-hat hacker has helped the creators of Hong Coin by showing them how to exploit a flawed admin function on a smart contract and ultimately refund investors after a decade.
Coinbase makes a major play for India’s booming $3 billion crypto market with local currency launch
Coinbase announces INR rails to make the platform fully accessible to Indian retail traders.
US, UK central bankers offer contrary views on stablecoins
Federal Reserve governor Christopher Waller told a conference on Sunday that stablecoins expand the reach of US policy while the Bank of England’s Megan Greene expects their popularity will soon fade.
Strategy’s Michael Saylor teases BTC buy with ‘working better’ tweet
Strategy could be set to announce it has resumed buying Bitcoin after pausing in recent weeks as the biggest crypto looks poised to close out the month down more than 3.5%.
A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor
NYDIG, meanwhile, rejected the basis-trade theory, citing the large discount and the lack of an unusual spike in corresponding CME bitcoin futures volume.
How the House Financial Services Committee is taking on tokenization: State of Crypto
Rep. French Hill, head of the House Financial Services Committee, weighed in on outstanding policy issues in an interview with CoinDesk last month.
Kraken ‘plans’ regulated perp contracts as rivals are quick off the blocks
In the wake of CFTC approval of perpetual futures contracts tied to the spot price of Bitcoin, Kraken expects to offer those to US institutional clients within “the next month.”
How Stellar became part of DTCC’s tokenization push for Wall Street securities onchain
Wall Street’s clearing giant chose a public blockchain with compliance tools built for regulated assets, Stellar Development Foundation CEO Denelle Dixon said.
Bitcoin preps 3% May downside, but US PMI data may boost BTC price
Bitcoin faced ending May lower by around 3%, with the possibility of US PMI data giving BTC price action a boost next week.
How President Trump’s Immigration Order Will Feed the Stablecoin Economy, Bitcoin ATMs
When the Trump family faced pressure from banks, it embraced crypto. Now, immigrants who are in the U.S. illegally face a similar choice.
The institutional edge: moomoo targets Wall Street-grade trading tools for retail crypto investors
The brokerage giant says the future of investing won’t be defined by asset access alone but by the quality of tools investors get.
Bitcoin’s wild days are over — and Trace Mayer says that’s a good thing
The creator of the Mayer Multiple argues bitcoin’s growing economic substance is compressing volatility and attracting deeper capital.
Bitcoin price targets $78K as BTC holders defend ‘strongest near-term support’
Bitcoin’s bounce from a key holder cost-basis level has improved the case for further upside, with historical data pointing to $101,000 as a potential best-case target.
Vietnam proposes allowing SMEs to use digital assets as loan collateral
Vietnam’s Ministry of Finance has proposed letting SMEs use digital assets, virtual assets and intellectual property as loan collateral.
Cosmos-based Gravity Bridge halts bridge after reported $5.4M exploit
Gravity Bridge was drained of roughly $5.4 million in a suspected signing key compromise, prompting validators to halt the bridge while an investigation is underway.
Bitcoin sentiment reaches most ‘lopsided positive’ ratio for 2026: Santiment
Crypto sentiment platform Santiment warned that the two biggest spikes in social media bullishness around Bitcoin have previously been followed by short-term price pullbacks.
Bitcoin dip buyers curb selling but questionable spot, futures volumes highlight weakness
Bitcoin dip buyers are present near range lows, and new leveraged longs opened in the zone but the volumes lack the size needed to reverse the downtrend.
XRP Ledger’s new proposal blocks the flash loan attacks costing DeFi hundreds of millions
A draft XRPL amendment notes that flash loan attacks are “structurally impossible” on the network because of how its transactions are built, an architectural quirk that has spared the chain from the exploit class that has cost Ethereum DeFi billions.