Crypto & Web3 — 2026年6月7日 週次レポート
重要な発見
重要な発見（13件）
- 1.:bank: JPMorgan, Bank of America, Citigroup, and other major U.S. lenders announced plans to launch a shared tokenized deposit network through The Clearing House by the first half of 2027, converting traditional bank deposits into blockchain-based tokens enabling round-the-clock settlement — a direct competitive response to stablecoins [1].
- 2.Jefferies estimated that stablecoins could drive a 3%–5% runoff in core deposits over the next five years and shrink average bank earnings by about 3%, providing the financial context for banks' blockchain offensive [1].
- 3.Total DeFi TVL slumped to approximately $78 billion by early June 2026 — the lowest since October 2024 — as persistent exploits continued to drive capital outflows, per CoinDesk .
- 4.Aave launched a sweeping overhaul of its asset-listing standards following the $230 million rsETH exploit, executing roughly 295 parameter changes across V3 markets and introducing plans for automated defenses that reduce loan-to-value ratios to zero once risk thresholds are breached [3].
- 5.CertiK CEO Ronghui Gu reported April 2026 was the worst month for DeFi exploits in four years, with hacks occurring on 27 out of 30 days, attributed to AI-driven attacks [2].
- 6.The tokenized real-world asset market reached a total active market cap of $25.664 billion across 161 active asset issuers per DefiLlama, with BlackRock BUIDL at $2.95 billion and Ondo Finance at $3.649 billion among the largest platforms [6].
- 7.DTCC selected Stellar as the first public blockchain connected to its upcoming tokenized securities settlement platform, with Stellar surpassing $3 billion in tokenized real-world assets in approximately five months since crossing $1 billion in December [10].
- 8.Goldman Sachs teamed with Apex Group and Archax to tokenize real estate using its GS DAP blockchain platform, while Franklin Templeton partnered with MoonPay to enable institutional investors to swap stablecoins for its tokenized money market fund entirely onchain 24/7 [8] [9].
- 9.The total stablecoin market cap stands at $316.449 billion with USDT dominance at 59.04%, per DefiLlama, while Mastercard expanded blockchain settlement to nights, weekends, and holidays on Polygon, and Cash App enabled stablecoin sending and receiving on Polygon [7] [11].
- 10.Paxos became the first blockchain firm to receive full SEC registration as a central securities depository, enabling same-day or near-instant settlement for traditional U.S. equities, while the SEC approved the merger registration for Securitize to trade on the NYSE [15].
- 11.Bitcoin and ether experienced their worst weekly rout since the FTX collapse, shedding $390 billion in combined market value, with spot bitcoin ETFs recording $1.72 billion in net outflows — the largest weekly redemption in over a year [16].
- 12.The bipartisan Promoting Innovation in Blockchain Development Act of 2026 (PIBDA) was introduced to protect software developers who write code but do not control customer assets from misclassification under criminal code Section 1960, while the Defend Developers PAC launched to back pro-developer-protection lawmakers [17] [18].
- 13.Hyperliquid processed roughly $2.9 trillion in perpetual futures volume in 2025 and held about $7 billion in open interest, with FalconX noting that HYPE 'is probably on some days more active than Ethereum,' and Grayscale describing it as a potential 'financial services juggernaut' [13].
エグゼクティブサマリー（12件）
- •Major U.S. banks including JPMorgan, Bank of America, and Citigroup announced a shared tokenized deposit network through The Clearing House targeting launch by the first half of 2027 — a direct competitive escalation against stablecoins — with Jefferies estimating stablecoins could cause a 3%–5% core deposit runoff over five years [1].
- •DeFi's total TVL declined to approximately $78 billion, a 20-month low, compounded by a persistent security crisis in which April 2026 saw hacks on 27 of 30 days — the worst monthly pace in four years — with executives at the Proof of Talk conference in Paris warning that DeFi cannot attract big banks until it resolves its hacking problem [2] [4].
- •Institutional tokenization accelerated sharply: Goldman Sachs, DTCC-Stellar, and Franklin Templeton-MoonPay all announced landmark deals, the total RWA active market cap reached $25.664 billion across 161 issuers per DefiLlama, and Standard Chartered maintained its $2 trillion RWA forecast by end-2028 [6] [30].
- •Aave published a postmortem on the $230 million rsETH exploit tracing the root cause to a LayerZero bridge verification failure, not its own smart contracts, and announced 295 parameter changes across V3 markets and new automated risk controls to reduce collateral LTV ratios automatically when thresholds are breached [3].
- •The stablecoin market reached $316.449 billion in total market cap with USDT at 59.04% dominance, while payment infrastructure deepened with Mastercard expanding Polygon-based settlement to off-hours, Cash App enabling stablecoin use on Polygon, and Brazil's BRL1 joining onchain FX rails [7] [11].
- •Polygon launched its Open Money Stack into technical preview on June 4, 2026, describing it as a unified API for cross-chain money movement, with 159 million unique wallet addresses, $54 billion in stablecoin transfer volume, and an average transaction cost of $0.002 (company announcement — may reflect promotional framing) [11].
- •Bitcoin and ether suffered their worst weekly sell-off since the FTX collapse, shedding $390 billion in market value, with spot bitcoin ETFs recording $1.72 billion in net outflows — the largest weekly redemption in over a year — amid overlapping headwinds including AI competition, tech IPOs, quantum concerns, and Strategy's bitcoin sale [16].
- •Paxos became the first blockchain-native SEC-registered clearing agency, and the SEC approved Securitize's NYSE merger registration, marking two sequential milestones in the regulatory mainstreaming of blockchain-based U.S. market infrastructure [15].
- •U.S. crypto policy advanced on multiple simultaneous fronts: the House Ways and Means Committee circulated seven crypto tax bill drafts ahead of a June 9 hearing, the Defend Developers PAC launched, the bipartisan PIBDA developer protection bill was introduced, and a coalition of 100+ crypto firms continued pressing for the Clarity Act [17] [16].
- •Hyperliquid continued its rise as a decentralized institutional trading hub, with Grayscale calling it a potential 'financial services juggernaut' and FalconX reporting it surpasses Ethereum in trading volume on some days, while DefiLlama tracked $212.352 billion in 7-day perps volume across all DeFi platforms [12] [5].
- •South Korea approved blockchain deposit token pilots for government spending in Q4 2026 and KBank entered a cross-border remittance partnership with Ripple, as lawmakers finalize the Digital Asset Basic Act [21].
- •In Europe, 39 financial and technology firms urged fast-track reform of the DLT pilot regime, warning that bundling it with 18 other financial laws risks falling behind the U.S., while ESMA continued active MiCA oversight and the FSB flagged crypto-assets as a key financial stability concern [23] [25].
市場動向
Major U.S. Banks Launch Tokenized Deposit Network to Counter Stablecoins
JPMorgan Chase, Bank of America, Citigroup and other major lenders announced plans to launch a shared tokenized deposit network through The Clearing House by the first half of 2027, enabling round-the-clock blockchain-based settlement of bank deposits. According to CoinDesk, the initiative is designed to counter the rise of stablecoins such as USDC and USDT by keeping customer funds within the regulated banking system while offering similar speed and efficiency. 'The biggest banks in America are…
DeFi Security Crisis Deepens: Near-Daily Exploits Persist as Institutional Barrier
DeFi's security environment remained severely stressed through the reporting period. CertiK CEO Ronghui Gu told CoinDesk that April 2026 was the worst month for DeFi exploits in four years, with hacks occurring on 27 out of 30 days, a pace attributed to AI-driven attacks [2]. Aave overhauled its listing standards following the $230 million rsETH exploit, launching a review of every asset listed on V3 and rewriting listing standards to weigh bridges, oracle dependencies, custodians and operationa…
Tokenized RWA Market Continues Rapid Expansion Toward Institutional Scale
The tokenized real-world asset market continued its rapid expansion. DefiLlama data shows total RWA active market cap at $25.664 billion across 161 active asset issuers, with BlackRock BUIDL at $2.95 billion and Ondo Finance at $3.649 billion among the largest platforms [6]. Goldman Sachs teamed with Apex Group and Archax to tokenize real estate using GS DAP, Goldman Sachs' blockchain platform, combining blockchain-native issuance with established fund structures [8]. Franklin Templeton partnere…
Stablecoin Market Reaches $316 Billion as Payment Rails Expand into Mainstream Commerce
The total stablecoin market cap stands at $316.449 billion with USDT dominance at 59.04%, per DefiLlama [7]. Stablecoin payment infrastructure continued expanding into mainstream commerce, with Mastercard expanding settlement to nights, weekends and holidays on Polygon, and Cash App enabling stablecoin sending and receiving on Polygon [11]. Brazil's Real is now moving across borders without touching dollars as BRL1 joined Capa's Onchain FX stack on Polygon [11]. Stripe, which processes nearly $2…
Bitcoin and Crypto Markets Face Broad Selloff as Institutional Sentiment Shifts
Bitcoin and ether experienced their worst weekly rout since the FTX collapse, with cryptos shedding $390 billion in market value, according to CoinDesk [16]. Bitcoin fell as low as $59,227 before recovering, with CoinDesk reporting that U.S.-listed spot bitcoin ETFs saw $1.72 billion in net outflows last week, the largest weekly redemption in over a year [16]. NYDIG's head of research Greg Cipolaro told CoinDesk that not one but several overlapping headwinds are hitting the crypto market at once…
競合動向
Ethereum Glamsterdam Upgrade Hardens with 200M Gas Limit and ePBS Milestones
Ethereum core development continued to advance during the reporting period. A May 2026 R&D update from the Ethereum Foundation confirmed that the Soldøgn Interop delivered alignment on a post-Glamsterdam gas limit floor of 200 million, stable ePBS implementations running with external builders, and final EIP-8037 repricing numbers locked in [27]. A subsequent May 11, 2026 update confirmed the 200 million gas limit floor as a credible post-Glamsterdam target derived from convergence of ePBS, BAL …
Polygon Open Money Stack Enters Technical Preview with Mastercard and Cash App Integrations
Polygon launched its Open Money Stack into technical preview on June 4, 2026, describing it as a unified API for moving money across chains with ramps, wallets, and settlement in one integration [11]. Mastercard expanded settlement to nights, weekends and holidays on Polygon, and Cash App enabled stablecoin sending and receiving on Polygon [11]. Polygon's Agglayer became chain-agnostic, connecting the first non-EVM chain via Miden, allowing private chains to access unified liquidity without givi…
Hyperliquid Emerges as Institutional Liquidity Hub Rivaling Traditional Exchanges
Hyperliquid continued to gain institutional traction as a decentralized trading platform. Grayscale described Hyperliquid as generating roughly $800 million in revenue in 2025 while capturing meaningful market share in crypto perpetual futures, saying the platform 'could become a financial services juggernaut' [12]. FalconX's global head of markets Joshua Lim told CoinDesk that HYPE 'is probably on some days more active than Ethereum for us,' with hedge funds using the platform's derivatives pro…
Aave Overhauls Risk Framework After KelpDAO Exploit Exposes Bridge Vulnerabilities
Aave published an official postmortem tracing the $230 million rsETH exploit to a LayerZero bridge verification failure, not a bug in Aave's own smart contracts, and announced a sweeping overhaul of its asset-listing standards [3]. Going forward, Aave said collateral assessments will weigh bridges, oracle dependencies, custodians and operational security alongside the financial and smart-contract risks it has traditionally screened for. Since the exploit, Aave's risk managers executed roughly 29…
Stripe, Visa, and Major Fintechs Deepen Stablecoin Payment Infrastructure Commitments
Enterprise stablecoin payment infrastructure continued to expand rapidly. Stripe, which processes nearly $2 trillion in annual payments, continued integrating stablecoins across its core payments stack, with its Tempo blockchain gaining Visa and Zodia Custody as validators after six months of joint work . Visa is also working with blockchain-based stablecoin infrastructure firm WeFi to build onchain payments and banking services, with a rollout starting in selected markets in Europe, Asia and La…
制度・規制動向
U.S. Banks Launch Tokenized Deposit Network as CLARITY Act Stablecoin Debate Intensifies
The U.S. stablecoin regulatory landscape reached a new inflection point as major banks announced plans to build a shared tokenized deposit network through The Clearing House by the first half of 2027, a direct competitive response to stablecoins. According to CoinDesk, JPMorgan, Bank of America, Citigroup and other major lenders plan to convert traditional bank deposits into blockchain-based tokens that can move quickly around the clock while keeping funds inside the regulated banking system [1]…
SEC Approves Paxos as First Blockchain-Based Clearing Firm; Securitize Clears NYSE Merger
U.S. securities regulators continued to advance blockchain-based market infrastructure. Paxos Securities Settlement Company received full SEC registration to operate as a central securities depository for traditional equities, becoming the first blockchain firm authorized to provide clearing and settlement services in the U.S., enabling same-day or near-instant settlement [15]. Separately, the SEC approved the merger registration for Securitize, the tokenization specialist behind BlackRock's BUI…
South Korea Advances Blockchain Deposit Token Pilots Ahead of Digital Asset Basic Act
South Korea's Ministry of Economy and Finance approved a pilot to test blockchain-based deposit tokens for government spending in Q4 2026 under a 2026 regulatory sandbox program, replacing traditional purchasing cards with programmable tokenized deposits that can be configured with spending limits and industry restrictions [21]. KBank, the exclusive banking partner of South Korean crypto exchange Upbit, entered a strategic partnership with Ripple to test onchain cross-border remittances using Ri…
European DLT Pilot Regime Faces Industry Pressure for Fast-Track Reform
Thirty-nine financial and technology firms including Boerse Stuttgart Group and Nasdaq urged the European Commission and Parliament to separate the DLT pilot regime from a broader legislative package of 18 financial laws, warning that delays could cause the region to fall behind the U.S. in digital finance [23]. The coalition pushed for practical changes including expanding the types of assets allowed, raising transaction limits to 150 billion euros ($176 billion) and removing expiry dates on li…
Crypto Political Action Committees Expand as Developer Protection Bills Advance
The U.S. crypto industry's political infrastructure expanded with the launch of the Defend Developers PAC, a hybrid PAC focused on backing incumbent lawmakers who support legal protections for crypto developers and DeFi projects [17]. The PAC's founder Gavin Zavatone, also policy lead at the DeFi Education Fund, said the group plans to raise and contribute more than six figures across dozens of key races in the midterms. The bipartisan Promoting Innovation in Blockchain Development Act of 2026 (…
ソース活動
重要な変化の整理
Major U.S. Banks Launch Tokenized Deposit Network to Counter Stablecoins
新規JPMorgan, Bank of America, Citigroup and other major lenders announced plans to launch a shared tokenized deposit network through The Clearing House by the first half of 2027, converting bank deposits into blockchain-based tokens with round-the-clock settlement. This represents a direct competitive response to stablecoins, with Jefferies estimating stablecoins could drive a 3%–5% runoff in core deposits over five years. [1]
Aave Overhauls Risk Framework After KelpDAO Exploit Postmortem
更新Aave published an official postmortem tracing the $230 million rsETH exploit to a LayerZero bridge verification failure and announced a sweeping overhaul of asset-listing standards to weigh bridges, oracle dependencies, custodians and operational security. Since the exploit, Aave executed roughly 295 parameter changes across V3 markets. The DeFi United coalition raised approximately $160 million of the $200 million needed to cover bad debt. [3]
Tokenization Milestones Accelerate: Goldman, DTCC-Stellar, Franklin Templeton-MoonPay
更新Tokenization momentum reached new institutional milestones. Goldman Sachs teamed with Apex and Archax to tokenize real estate using GS DAP. DTCC chose Stellar as the first public blockchain for its tokenized securities settlement platform, with Stellar surpassing $3 billion in tokenized RWAs. Franklin Templeton partnered with MoonPay for 24/7 onchain stablecoin-to-tokenized-fund swaps. DefiLlama shows total RWA active market cap at $25.664 billion across 161 active asset issuers. [8] [10] [6]
DeFi TVL Hits 20-Month Low as Security Crisis Persists
更新Total DeFi TVL slumped to approximately $78 billion by early June 2026, the lowest since October 2024, per CoinDesk, following a series of exploits and capital outflows. CertiK CEO Ronghui Gu reported April was the worst month for DeFi exploits in four years with hacks on 27 out of 30 days. DefiLlama shows current TVL at $70.99 billion. Industry executives at Proof of Talk in Paris said DeFi won't win over big banks until it fixes its hacking problem. [2] [5]
U.S. Crypto Regulation Advances with Tax Bills, Clarity Act Debate, and Developer Protection
更新U.S. crypto regulatory activity intensified on multiple fronts. The House Ways and Means Committee circulated seven crypto tax bill drafts ahead of a June 9 hearing. The Defend Developers PAC launched to back lawmakers supporting legal protections for crypto developers. The bipartisan PIBDA bill was introduced to protect software developers from misclassification under criminal code Section 1960. The Clarity Act debate continued with banks and crypto firms at odds over stablecoin yield provision…
示唆・見るべき論点（10件）
- 1.The major U.S. banks' tokenized deposit network represents a structural shift from lobbying against stablecoins to competing directly on their own turf — by deploying blockchain-native money within the regulated banking perimeter, incumbents aim to eliminate the speed and efficiency gap that made stablecoins attractive, without ceding deposit balances to non-bank issuers [1].
- 2.The simultaneous decline of DeFi TVL to 20-month lows and the acceleration of institutional tokenization milestones signals a divergence in the crypto ecosystem: permissioned, regulated tokenization infrastructure is growing while open DeFi is contracting, suggesting the near-term growth path in blockchain finance runs through compliance layers, not protocol-native TVL [6].
- 3.Aave's comprehensive risk framework overhaul — extending collateral assessments beyond smart contracts to cover bridges, oracle dependencies, and custodians — marks a maturation of DeFi risk management toward TradFi-style due diligence; the 295 parameter changes across V3 markets suggest this is operational, not just rhetorical [3].
- 4.DTCC's selection of Stellar as its first public blockchain connection, combined with Franklin Templeton's 24/7 stablecoin-to-fund swap infrastructure and Goldman Sachs' GS DAP real estate tokenization, indicates that 2026 is crystallizing a small set of institutional-grade blockchain infrastructure providers — a consolidation dynamic with long-term winner-take-most implications [10] [8].
- 5.Hyperliquid's emergence as a DeFi trading venue that on some days surpasses Ethereum in volume for institutional clients like FalconX, and its expansion into tokenized equities and prediction-style markets through HIP-3 and HIP-4, positions it as the most credible challenge yet to the incumbent regulated derivatives exchange model — a threat that existing venues cannot replicate without abandoning 24/7 access or custodial control [13].
- 6.The stablecoin payment ecosystem is rapidly transitioning from a crypto-native phenomenon to a mainstream commerce layer: Mastercard's off-hours Polygon settlement, Cash App's stablecoin features, DoorDash's stablecoin-powered payouts in 40+ countries via Stripe's Tempo, and Brazil's BRL1 onchain FX stack collectively suggest that the 'stablecoin as payment rail' thesis is being validated in high-volume consumer applications [11] [14].
- 7.The Ethereum Foundation's Clear Signing standard launch — developed with wallet developers, security firms, and its Trillion Dollar Security Initiative — addresses blind signing identified as a contributor to billions in losses including the Bybit hack; the cross-ecosystem open-standard approach, if broadly adopted, could meaningfully reduce one of the most common vectors for large-scale user losses [27].
- 8.The introduction of PIBDA to protect developers who write code but do not control assets, alongside the launch of the Defend Developers PAC and Coin Center's 'Software is Speech' report, reflects a coordinated policy effort to pre-empt the application of money-transmission regulations to open-source DeFi infrastructure — a legal question whose resolution will determine whether the U.S. can retain developer talent domestically [17] [28].
- 9.Europe's industry pressure to fast-track the DLT pilot regime — with 39 firms urging separation from an 18-law legislative bundle and requesting a limit increase to €150 billion — directly mirrors the competitive urgency created by U.S. regulatory acceleration; the European Commission's preference to bundle legislation risks a meaningful first-mover disadvantage in institutional tokenization infrastructure [23].
- 10.An AI model's discovery of a four-year-old flaw in Zcash — sending ZEC down 38% — demonstrates that AI-powered security analysis is a double-edged force: the same tooling that enables near-daily DeFi attacks can also uncover dormant vulnerabilities in legacy codebases, creating unpredictable repricing risk across the entire crypto asset spectrum [16].
信頼度サマリー
今週追跡された 31 件のソース15 件の監視対象 URL から、期間中に新着・更新が検出された記事数。
各ソースは信頼度レベルに応じて重み付けされています。単独ソースの主張は AI 合成時に未検証としてフラグ付けされます。
ソース
JPMorgan, Bank of America, Citigroup and other major lenders plan to launch a shared tokenized deposit network through The Clearing House by H1 2027; Jefferies estimated stablecoins could drive 3%–5% core deposit runoff and shrink bank earnings by ~3% over five years.
関連: Market Trends / RegulationCertiK CEO Ronghui Gu reports April 2026 was the worst month for DeFi exploits in four years with hacks on 27 of 30 days, attributed to AI-driven attacks.
関連: DeFi SecurityAave published postmortem tracing the $230M rsETH exploit to a LayerZero bridge verification failure; announced 295 parameter changes across V3 and plans for automated LTV defenses.
関連: DeFi Security / Competitor TrendsIndustry executives at Proof of Talk in Paris stated DeFi cannot win over big banks until the hacking problem is resolved, with Maja Vujinovic quoted directly on the growth blocker.
関連: DeFi SecurityDefiLlama shows total DeFi TVL at $70.99 billion and perps 7-day volume at $212.352 billion; 24-hour perps volume at $17.311 billion.
関連: DeFi MarketsTotal RWA active market cap at $25.664 billion across 161 active asset issuers; BlackRock BUIDL at $2.95 billion and Ondo Finance at $3.649 billion among the largest platforms.
関連: Institutional Adoption & TokenizationTotal stablecoin market cap at $316.449 billion with USDT dominance at 59.04%.
関連: Stablecoin MarketGoldman Sachs partnered with Apex Group and Archax to tokenize real estate using GS DAP, combining blockchain-native issuance with established fund structures.
関連: Institutional Adoption & TokenizationFranklin Templeton partnered with MoonPay to let institutional investors swap stablecoins for its tokenized money market fund entirely onchain 24/7; FT's head of innovation described 2026 as 'the year of the universal liquidity layer.'
関連: Institutional Adoption & TokenizationDTCC chose Stellar as the first public blockchain for its tokenized securities settlement platform; Stellar surpassed $3 billion in tokenized RWAs in ~five months since crossing $1 billion in December.
関連: Institutional Adoption & TokenizationPolygon launched Open Money Stack into technical preview on June 4, 2026; Mastercard expanded Polygon settlement to off-hours; Cash App enabled stablecoin use on Polygon; Agglayer became chain-agnostic. Company announcement — may reflect promotional framing.
関連: Competitor Trends / PaymentsGrayscale described Hyperliquid as generating ~$800M in 2025 revenue with $2.9T in perp futures volume and $7B in open interest; expanding into tokenized equities and prediction markets.
関連: Competitor TrendsFalconX's Joshua Lim said HYPE is 'probably on some days more active than Ethereum,' with hedge funds using platform derivatives for hard-to-trade markets including pre-IPO perpetuals on SpaceX.
関連: Competitor TrendsDoorDash working with Stripe-backed Tempo blockchain to bring stablecoin-powered payouts to its global marketplace operating in more than 40 countries.
関連: Payments & StablecoinsPaxos became the first blockchain-native SEC-registered central securities depository, enabling same-day or near-instant settlement for traditional U.S. equities.
関連: Regulation & PolicyBitcoin and ether worst weekly rout since FTX collapse; $390B in market value shed; spot bitcoin ETFs saw $1.72B in net outflows; bitcoin fell to $59,227; ADA hit four-year lows; ZEC down 38% after AI-discovered flaw.
関連: Market TrendsDefend Developers PAC launched to back lawmakers supporting legal protections for crypto developers; Fairshake super PAC backed nine Democratic U.S. House candidates in California, all won primaries.
関連: Regulation & PolicyBipartisan PIBDA introduced by Reps. Fitzgerald, Cline, and Lofgren to protect software developers who write code but don't control assets from misclassification under criminal code Section 1960.
関連: Regulation & PolicyClarity Act legislation advancing in Congress could allow stablecoins to pay returns to holders; House Ways and Means circulated seven crypto tax bill drafts ahead of a June 9 hearing.
関連: Regulation & PolicyOver 100 crypto firms including Coinbase and Ripple continued pressing the Senate Banking Committee to mark up the Clarity Act.
関連: Regulation & PolicySouth Korea's Ministry of Economy and Finance approved a Q4 2026 pilot for blockchain-based deposit tokens for government spending under a 2026 regulatory sandbox program.
関連: Regulatory TrendsKBank entered a strategic partnership with Ripple to test onchain cross-border remittances in a second proof-of-concept phase evaluating transfers to the UAE and Thailand.
関連: Regulatory Trends39 financial and tech firms including Boerse Stuttgart and Nasdaq urged the EU to separate the DLT pilot regime from 18 other financial laws; requested raising transaction limits to €150 billion and removing license expiry dates.
関連: Regulatory TrendsESMA continues to monitor crypto-assets and DLT developments, with MiCA regulation setting requirements for crypto-asset issuers and service providers.
関連: Regulatory TrendsFSB 2025 Annual Report highlighted crypto-assets and stablecoins as a key area of work amid rising global financial stability vulnerabilities.
関連: Regulatory TrendsSEC Crypto Task Force continued work on clarifying application of federal securities laws to crypto; SEC published draft strategic plan for public comment on June 2, 2026; active cases include SEC v. Cumberland DRW LLC.
関連: Regulation & PolicyEthereum Foundation confirmed 200M gas limit floor as post-Glamsterdam target; launched Clear Signing open standard on May 12, 2026 to end blind signing; published commitment to DeFi principles. Company announcement — may reflect promotional framing.
関連: Competitor Trends — Protocol DevelopmentCoin Center's report 'Software is Speech: Why Regulators Cannot Invent the Missing Middlemen' argues against regulatory frameworks that assume intermediaries must exist in crypto transactions.
関連: Regulation & PolicyDune Digest #59 noted Paxos became the first blockchain-native SEC clearing agency, DTCC tokenized custodied assets on Stellar, SoFi put a bank-issued stablecoin in front of 14.7 million customers, and the CFTC approved the first regulated U.S. bitcoin perpetual.
関連: Market Trends / RegulatoryStandard Chartered maintained its forecast that tokenized RWAs will reach a $2 trillion market cap by end-2028, describing the KelpDAO exploit as a speed bump rather than a roadblock.
関連: Institutional Adoption & TokenizationJPMorgan said hacks and stagnant capital levels continue to weigh on DeFi's institutional appeal, highlighted by a $20 billion hit from the KelpDAO exploit.
関連: DeFi Security