The Block Digest — 2026-06-01

Digital euro is key to counter stablecoin risks, says ECB’s Schnabel

Mon, 01 Jun 2026 04:49:18 -0400

Isabel Schnabel, an ECB board member, said Monday that central banks should respond to stablecoin risks with strong regulation and CBDCs.

Coinbase launches Indian rupee rails with perps access in expansion push

Mon, 01 Jun 2026 01:11:02 -0400

The Nasdaq-listed company said it has established INR order books to provide dedicated liquidity for users in the country.

The Funding: How crypto hedge funds are navigating weak markets

Sun, 31 May 2026 23:33:52 -0400

As crypto markets remain weak, fund managers say asset selection, fundamentals, and alpha matter more than ever.

Dev helps rescue $2 million locked in 2016 ICO contract for nine years with whitehat exploit

Sun, 31 May 2026 17:34:48 -0400

The developer told The Block that two of 48 eligible investors have already claimed 96.5 ETH that was unfrozen, worth nearly $200,000 at current prices.

Sui traces three mainnet halts to upgrade bugs, including a fix it knew carried halt risk

Sun, 31 May 2026 16:46:27 -0400

The Sui Foundation said no user funds were at risk and credited AI agents with speeding up its diagnosis of the incidents.

Cardano Foundation cancels 2026 summit after treasury funding vote falls just short

Sun, 31 May 2026 11:33:24 -0400

The measure needed two-thirds support but got only 65%, even after late endorsements from Cardano's founder and the Foundation CEO.

SEC sues Privvy founder over $12.3 million crypto scheme as AI ‘bots’ turn out to be neither

Sat, 30 May 2026 18:30:56 -0400

The SEC alleges Fuller spent misappropriated funds on a roughly $1 million house, gambling, trading cards, travel and a Jeep.

Cosmos-based Gravity Bridge drained of $5.4 million in suspected key compromise, researchers say

Sat, 30 May 2026 14:21:02 -0400

The attacker took USDC, ether, tether and PAYG tokens before laundering a portion through ChangeNow and Binance.

Crypto champion Trump may be jeopardizing the industry’s landmark legislation

Sat, 30 May 2026 13:56:14 -0400

Digital asset legislation is years in the making, but the sector's biggest political champion, President Trump, has become a liability.

Court-ordered Circle freeze traps $12.6 million in Zama cUSDC contract amid Overnight Finance suit

Sat, 30 May 2026 08:30:00 -0400

Zama CEO Rand Hindi said the protocol's confidential USDC contract was "caught in a crossfire" and that his team is investigating the freeze.

US has seized nearly $1 billion in crypto from Iran, Bessent says

Fri, 29 May 2026 16:03:45 -0400

Earlier this year, Treasury Secretary Scott Bessent said the U.S. had seized "nearly $500 million" in Iranian crypto assets.

JPMorgan CEO Jamie Dimon blasts Coinbase’s Brian Armstrong, plans to fight Clarity Act

Fri, 29 May 2026 13:52:02 -0400

Dimon said Coinbase's Armstrong is spending hundreds of millions of dollars trying to get Clarity Act passed.

Texas appoints CleanSpark exec, bitcoin miner CEO to Strategic Bitcoin Reserve committee

Fri, 29 May 2026 11:11:50 -0400

Texas is seeking a custodian to transition reserve assets from Blackrock's IBIT into direct bitcoin holdings.

CFTC opens door for crypto perpetual future contracts in US as Coinbase, Kalshi move forward

Fri, 29 May 2026 10:45:57 -0400

The CFTC opened the doors for perpetual futures contracts, giving way for Kalshi and Coinbase to offer those products.

Sui blockchain suffers more downtime following Thursday’s six-hour outage

Fri, 29 May 2026 10:20:38 -0400

Sui was offline for 5 hours and 55 minutes on Thursday due to a bug in the blockchain's latest "1.72 release."