Cardano cancels its own Summit. A treasury proposal funding the 2026 Cardano Summit in Singapore failed to clear the network’s two-thirds supermajority under the new on-chain governance rules. A separate 3.3M ADA request for a TOKEN2049 presence cleared. The signal we read: on-chain governance now has real teeth, and “we’ve always done it this way” is no longer a winning argument. Full vote breakdown at CoinDesk.
Sui’s outages remind everyone why uptime is product. The chain stalled twice, first for nearly six hours on May 29 due to a gas calculation bug, then a three-hour block production halt the next day. Sui DeFi TVL still grew 15.13% on the week to $634.57M, but the reliability question is now louder than the growth one. Sui updates feed.
Aave keeps absorbing fallout from April. The protocol sits at $14.49B TVL across versions, down roughly 52% from the November 2025 peak and 19.2% over the trailing 30 days, with the KelpDAO bridge exploit still echoing through liquidity. Pendle’s PT, meanwhile, is being slated as core collateral in Aave V4. The lending blue chip is rebuilding, not retreating. CoinDesk on the Kelp impact.
DTCC picks Stellar as its first public chain. On June 1, the Depository Trust & Clearing Corporation confirmed it will connect its tokenized securities platform to Stellar, with eligible Russell 1000 constituents, major ETFs, and US Treasury bills, bonds, and notes on the menu. Launch is targeted for the first half of 2027. This is the clearing layer of US capital markets shaking hands with a public blockchain, and it is not a small story. Read the announcement on CoinDesk.
BlackRock keeps stacking filings. The asset manager moved to add an on-chain share class for its Select Treasury Liquidity Fund (BSTBL), roughly $7B in AUM, and proposed a Daily Reinvestment Stablecoin Reserve Vehicle. Tokenized RWA market cap is now north of $30B, with tokenized Treasuries past $10B since February. More from CoinDesk.
Kalshi’s May printed a record. The regulated US prediction market processed more than $17B in contract volume in May 2026, a 2,500% year-on-year jump, while Polymarket cooled to $690.9M for the month. Two stories in one issue: a regulated US venue compounding institutional volume, and a sector that’s no longer growing in a straight line. CNBC on Kalshi’s Wall Street pivot; Polymarket volume tracker.
The SEC’s tokenized stock framework slows down. After signaling an innovation exemption for tokenized securities in mid-May, the agency paused the plan to gather input from exchange officials and other market participants, per Bloomberg. The framework isn’t dead, but the launch window just shifted. What caught our eye: DTCC moved anyway. Coverage at CoinDesk.
Ethena sUSDe: 7-day trailing APY around 9.4%, 90-day average closer to 11.8%. Perp funding remains the driver.
Pendle PT fixed yields: USDe at roughly 13%, sUSDe at 12% for fixed-term lockups, keeping the on-chain fixed income story alive.
Aave stablecoin borrow: 5 to 7% range across major markets, leaving the looped basis trade with 5 to 6% net per loop.
If clearinghouses are picking public chains and Treasuries are trading on-chain, what’s left for the private chains to settle? We’ll be watching.
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