Web3 Industry Weekly Report: Highlights from Week 2 of June 2026
Tech Headlines
1. Walrus Launches Portable Memory Layer Walrus Memory to Solve AI Agent Memory Portability Across Platforms
https://foresightnews.pro/news/detail/105828
Sui ecosystem decentralized storage protocol Walrus has launched the portable memory layer Walrus Memory, aiming to solve the core problem that AI Agent memory cannot be carried across platforms. Walrus Memory allows AI Agents to retain context between different applications while also being verifiable, and users can fully control the Agent's memory data. This project is another important development in the on-chain AI Agent infrastructure field, following the Solana Foundation's launch of the developer platform SDP.
2. Sui Foundation Releases Mainnet Three Outage Analysis Report: Gas Injection Logic and Randomness State Bug Caused Consecutive Outages
https://foresightnews.pro/news/detail/105466
The Sui Foundation has released an analysis report on three mainnet outages. The first two outages stemmed from a crash vulnerability caused by the interaction between the Gas injection logic introduced in version 1.72 and address balances; the third outage occurred during the epoch transition phase on May 29, when DKG failed because validators did not correctly preserve the randomness state after restarting. During the three outages, user funds were not affected, and the network did not roll back any confirmed transactions. All known issues have now been fixed, and network activity has returned to normal.
3. Ethereum Co-founder Vitalik Proposes Replacing Liquidation Mechanisms with Options, Exploring a New DeFi Architecture
https://www.panewslab.com/zh/articles/019e83d6-c891-764f-87e3-6a6c39b6aeb2
On June 1, Ethereum co-founder Vitalik Buterin posted on EthResearch proposing a DeFi design based on options rather than collateralized debt positions (CDPs) and forced liquidation. The model tracks asset indices through an options structure, allowing users to deviate from the target exposure in a smoother, non-linear way during periods of extreme market volatility. It does not rely on real-time price oracles and can operate on a "slow oracle" basis, reducing the risk of oracle manipulation. The design still faces the challenge of slippage costs from periodic rebalancing.
4. Circle Releases Post-Quantum Security White Paper, Proposes a Phased Security Roadmap
https://www.theblockbeats.info/flash/349204
Circle has officially released a post-quantum security white paper, proposing a phased security roadmap for Arc, USDC, smart contracts, validators, and infrastructure systems. The white paper notes that quantum computing may pose threats to blockchain signatures, validator keys, and smart contracts, and that post-quantum cryptography migration plans need to be prepared in advance. This move marks the beginning of a systematic assessment of quantum computing risks by stablecoin issuers and the development of response strategies.
Industry Dynamics
1. U.S. House ARMA Bill Seeks to Include Seized Bitcoin in Strategic Reserve with a 20-Year Holding Period
https://www.theblockbeats.info/flash/349709
On June 5, the full text of the U.S. House's "American Reserve Modernization Act" (ARMA) was made public. The bill proposes to include Bitcoin obtained by the government through criminal or civil forfeiture into a Strategic Bitcoin Reserve managed by the Treasury Department, with a minimum holding period of 20 years; establish a quarterly reserve proof mechanism and introduce third-party independent audits; and allow states to voluntarily custody Bitcoin in independent Federal Reserve accounts. The bill also requires the Treasury Department and the Commerce Department to study feasible paths for increasing Bitcoin holdings within 180 days.
2. U.S. Clarity Act Added to Senate Legislative Calendar
https://www.theblockbeats.info/flash/349162
On June 3, the U.S. Clarity Act was formally submitted from the Senate Banking Committee and added to the Senate legislative calendar. The bill passed the Banking Committee by a vote of 15 to 9 on May 14 and was officially placed on the calendar on June 1, making it eligible for full Senate consideration. The bill aims to establish a clear regulatory framework for digital assets and define the criteria for distinguishing between securities and commodities. The next key obstacle is a full Senate vote.
3. Mastercard Announces Support for On-Chain Settlement in Six Stablecoins Including USDC, Covering Eight Major Blockchain Networks
https://www.theblockbeats.info/flash/349204
On June 3, Mastercard officially announced plans to expand its settlement capabilities, adding same-day, weekend, and holiday card transaction settlement, and supporting on-chain card transaction settlement through regulated stablecoins. Mastercard will support six stablecoins—USDC, PYUSD, USDG, USDP, RLUSD, and SoFiUSD—across eight major networks: Arbitrum, Base, Canton, Ethereum, Polygon, Solana, Tempo, and XRPL. Initial partners include ARQ, CBW Bank, Cross River, Lead Bank, and Nuvei.
4. Hong Kong Plans to Bring Virtual Asset Trading, Custody, Investment Advisory, and Asset Management Businesses Fully Under License Regulation
https://www.theblockbeats.info/flash/348961
On June 2, the Financial Services and the Treasury Bureau of the Hong Kong Special Administrative Region government said that following the implementation of the licensing regime for virtual asset trading platforms and the regulatory regime for stablecoin issuers, the next stage will establish a unified regulatory framework covering virtual asset trading, custody, investment advisory, and asset management services. In principle, any institution engaged in related businesses in Hong Kong must obtain a license or registration from the Hong Kong Securities and Futures Commission. The regulatory focus will be on private key management and client asset security risks, and an amendment bill will be submitted within the year.
In-Depth Analysis
1. Zcash Orchard Forgery Vulnerability Deep Review: AI Auditing Reshapes the Security Paradigm of Protocols
https://www.163.com/dy/article/KUR5BBT905248UCQ.html
The forgery vulnerability incident in the Zcash Orchard shielded pool is one of the most impactful security incidents in the privacy coin sector in recent years. The essence of the vulnerability was under-constrained conditions in the zero-knowledge proof circuit, which allowed invalid but network-acceptable proofs to be generated. In theory, an attacker could mint counterfeit ZEC without limit in the Orchard pool. The vulnerability had been latent for nearly four years since its launch in May 2022, and it went undetected through multiple rounds of manual audits until security researcher Taylor Hornby finally pinpointed it with the help of Anthropic's Opus 4.8 AI model on May 29, 2026. The article systematically reviews the complete timeline from discovery to the emergency soft fork and hard fork fixes, analyzes the fundamental tension between privacy design and auditability, and discusses the long-term remediation paths proposed by the Zcash team, including "turnstile accounting" and formal verification. This incident also marks a paradigm shift in AI-assisted security auditing, from an auxiliary tool to a core force.
Disclaimer: The information provided in this document is based on publicly available market data and industry trends, and is for reference only. Please note that this information does not constitute any form of investment advice or recommendation, nor should it be considered as the basis for buying or selling any financial products or services. In case of any translation errors in English, inaccuracies, or situations requiring further clarification, please contact us through 'Contact Us' so that we can verify and make necessary corrections in a timely manner.
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