La première semaine de juin pourrait transformer les victoires politiques des cryptomonnaies en 2025 en échéances strictes. Les périodes de commentaires pour les règles sur les stablecoins du GENIUS Act commencent à se fermer cette semaine, atteignant le point où un cadre fédéral cesse d'être un statut pour devenir les règles opérationnelles que les émetteurs doivent mettre en place.
Ce qui sera réglé dans ces fenêtres décidera de qui peut émettre, quelles réserves ils détiennent et si le rendement survit. Les banques ont passé les derniers mois à pousser pour ralentir le déploiement, un combat sur les stablecoins rémunérés qui a déjà bloqué le Clarity Act pendant des mois. Le Sénat rouvre ses portes le 3 juin pour réessayer.
La valeur des stablecoins en circulation, que Samara Cohen, responsable mondiale du développement des marchés chez BlackRock, a qualifiée de « pont entre la finance traditionnelle et la liquidité numérique », continue d'augmenter et a atteint un record de 322 milliards de dollars fin mai. La BCE avertit désormais que ces instruments pourraient cimenter la domination du dollar.
L'impact macroéconomique et géopolitique devra également être surveillé de près. Bien que les données économiques fourniront des indices supplémentaires sur la direction future de la politique de la Fed, un cessez-le-feu au Moyen-Orient plus tôt que prévu pourrait raviver l'appétit pour le risque.
À Surveiller
(Toutes les heures HE)
- Crypto June 2: Comment periods for GENIUS Act stablecoin frameworks close for the Treasury, FDIC and FinCEN/OFA June 3: The Senate floor window reopens to consolidate the Clarity Act into a single vehicle with CFTC provisions and GENIUS Act updates, targeting a August signing. Q3: Ethereum to move forward with the ‘Glamsterdam’ upgrade, featuring parallel execution, ePBS MEV reforms, a 200M gas limit target, and lower layer-1 transaction fees.
- June 2: Comment periods for GENIUS Act stablecoin frameworks close for the Treasury, FDIC and FinCEN/OFA
- June 3: The Senate floor window reopens to consolidate the Clarity Act into a single vehicle with CFTC provisions and GENIUS Act updates, targeting a August signing.
- Q3: Ethereum to move forward with the ‘Glamsterdam’ upgrade, featuring parallel execution, ePBS MEV reforms, a 200M gas limit target, and lower layer-1 transaction fees.
- Macro June 1, 10 a.m.: U.S. ISM Manufacturing PMI for May est. 52.6 (Prev. 52.7); Prices est. 85.3 (Prev. 84.6) June 1, 6 p.m.: South Korea Inflation Rate YoY for May est. 3.0% (Prev. 2.6%) June 2, 5 a.m.: Eurozone Inflation Rate YoY Flash for May est. 3.3% (Prev. 3.0%); Core Inflation YoY Flash est. 2.4% (Prev. 2.2%) June 2, 10 a.m.: U.S. JOLTs Job Openings for April est. 6.8M (Prev. 6.866M) June 3, 8:15 a.m.: U.S. ADP Employment Change for May est. 110K (Prev. 109K) June 3, 10 a.m.: U.S. ISM Services PMI for May est. 53.6 (Prev. 53.6) June 4, 8:30 a.m.: U.S. Initial Jobless Claims for period ending May 30 est. 216K (Prev. 215K) June 5, 8:30 a.m.: U.S. Nonfarm Payrolls for May est. 96K (Prev. 115K); Unemployment Rate est. 4.3% (Prev. 4.3%) June 5, 8:30 a.m.: U.S. Average Hourly Earnings MoM for May est. 0.3% (Prev. 0.2%) June 7: OPEC+ 41st Ministerial Meeting and 66th JMMC
- June 1, 10 a.m.: U.S. ISM Manufacturing PMI for May est. 52.6 (Prev. 52.7); Prices est. 85.3 (Prev. 84.6)
- June 1, 6 p.m.: South Korea Inflation Rate YoY for May est. 3.0% (Prev. 2.6%)
- June 2, 5 a.m.: Eurozone Inflation Rate YoY Flash for May est. 3.3% (Prev. 3.0%); Core Inflation YoY Flash est. 2.4% (Prev. 2.2%)
- June 2, 10 a.m.: U.S. JOLTs Job Openings for April est. 6.8M (Prev. 6.866M)
- June 3, 8:15 a.m.: U.S. ADP Employment Change for May est. 110K (Prev. 109K)
- June 3, 10 a.m.: U.S. ISM Services PMI for May est. 53.6 (Prev. 53.6)
- June 4, 8:30 a.m.: U.S. Initial Jobless Claims for period ending May 30 est. 216K (Prev. 215K)
- June 5, 8:30 a.m.: U.S. Nonfarm Payrolls for May est. 96K (Prev. 115K); Unemployment Rate est. 4.3% (Prev. 4.3%)
- June 5, 8:30 a.m.: U.S. Average Hourly Earnings MoM for May est. 0.3% (Prev. 0.2%)
- June 7: OPEC+ 41st Ministerial Meeting and 66th JMMC
- Earnings June 1: HIVE Digital Technologies (HIVE), post-market, -$0.22
- June 1: HIVE Digital Technologies (HIVE), post-market, -$0.22
Token Events
- Governance Votes & Calls Superfluid DAO is voting on continuing the yield backends for both ETHx and USDCx with their current code across all networks. Voting ends on June 1. ENS DAO is voting on a social proposal to determine the structural framework and election timeline for Term 7 of its working groups. Voting ends on June 1. ShapeShift DAO is voting to distribute $150,681.30 of unallocated exploit revenue to affected DeFi communities and to add discostu to the engineering workstream for business development. Voting ends on June 2 and June 3. Decentraland DAO is voting on lowering the voting power (VP) threshold for governance proposals from 6 million to 5 million or less, aiming to address declining voter participation. Voting ends on June 2. 1inch Network DAO is voting to renew its recognized delegate program for 12 months with an updated $220,000 budget and stricter performance criteria. Voting ends on June 3. Arbitrum DAO is voting on proposals to fund the Arbitrum Foundation with $16M in RWAs, 1,740 ETH, and 230M ARB for continued operations, and to transition Arbitrum Nova into a minimized, low-cost maintenance state. Voting ends on June 4. Lightchain AI DAO is voting on migrating 4.42 billion LCAI from its Ethereum-based treasury to its native Lightchain mainnet DAO treasury at a 1:1 ratio, and on approving a BitMart listing agreement and $30,000 listing fee. Voting ends on June 5 and 6.
- Superfluid DAO is voting on continuing the yield backends for both ETHx and USDCx with their current code across all networks. Voting ends on June 1.
- ENS DAO is voting on a social proposal to determine the structural framework and election timeline for Term 7 of its working groups. Voting ends on June 1.
- ShapeShift DAO is voting to distribute $150,681.30 of unallocated exploit revenue to affected DeFi communities and to add discostu to the engineering workstream for business development. Voting ends on June 2 and June 3.
- Decentraland DAO is voting on lowering the voting power (VP) threshold for governance proposals from 6 million to 5 million or less, aiming to address declining voter participation. Voting ends on June 2.
- 1inch Network DAO is voting to renew its recognized delegate program for 12 months with an updated $220,000 budget and stricter performance criteria. Voting ends on June 3.
- Arbitrum DAO is voting on proposals to fund the Arbitrum Foundation with $16M in RWAs, 1,740 ETH, and 230M ARB for continued operations, and to transition Arbitrum Nova into a minimized, low-cost maintenance state. Voting ends on June 4.
- Lightchain AI DAO is voting on migrating 4.42 billion LCAI from its Ethereum-based treasury to its native Lightchain mainnet DAO treasury at a 1:1 ratio, and on approving a BitMart listing agreement and $30,000 listing fee. Voting ends on June 5 and 6.
- Unlocks June 1: SUI$0.8809 to unlock 0.36% of its circulating supply worth $12.88 million. June 5: Ethena (ENA) to unlock 2.07% of its circulating supply worth $15.17 million. June 6: Hyperliquid (HYPE) to unlock 2.54% of its circulating supply worth $673 million.
- June 1: SUI$0.8809 to unlock 0.36% of its circulating supply worth $12.88 million.
- June 5: Ethena (ENA) to unlock 2.07% of its circulating supply worth $15.17 million.
- June 6: Hyperliquid (HYPE) to unlock 2.54% of its circulating supply worth $673 million.
- Token Launches June 1: Venice (VVV) reduces token emissions by 1 million tokens per year. June 1: Drift (DRIFT) to be delisted from Upbit Korea. June 2: Sei (SEI) to unveil a “new blockchain revaluation framework for financial services” with Mastercard. June 4: Augur hard fork deadline.
- June 1: Venice (VVV) reduces token emissions by 1 million tokens per year.
- June 1: Drift (DRIFT) to be delisted from Upbit Korea.
- June 2: Sei (SEI) to unveil a “new blockchain revaluation framework for financial services” with Mastercard.
- June 4: Augur hard fork deadline.
Conferences
- June 1–3: Proof of Talk 2026 (Paris, France)
- June 2–3 · Istanbul Blockchain Week 2026 (Istanbul, Turkey)
- June 2–4 · Money20/20 Europe 2026 (Amsterdam, Netherlands)