Web3 Industry Weekly Report: Highlights from Week 4 of June 2026
Tech Headlines
1. Algorand Unveils Post-Quantum Security Roadmap
On June 18, Algorand disclosed a post-quantum security roadmap aimed at the end of 2027, planning to enhance the blockchain's long-term security against the threat of quantum computing. The post-quantum roadmap is not only related to account signatures and asset protection, but will also affect node communication, governance upgrades, and the security assumptions of long-term stored assets. As institutional capital and real-world assets move on-chain in greater volumes, proactively planning quantum-resistant capabilities will gradually become part of a public chain's long-term competitiveness.
2. Glamsterdam Enters Final Development Stage
Coindesk reported on June 16 that Ethereum's next major protocol upgrade, Glamsterdam, has entered its final development and closed testing stage. The report shows that the core development team has begun testing this fork version, marking a shift from proposal discussions to engineering validation. As one of Ethereum's more important protocol adjustments in many years, Glamsterdam's testing progress will affect the pace of subsequent mainnet upgrades, client coordination, and ecosystem applications' expectations for performance and protocol capabilities.
3. Namada Hit by Hack and Launches Investigation, with About 228,500 ATOM Transferred Out
https://x.com/namada/status/2068265932368347358
The privacy-focused public blockchain Namada officially announced that a vulnerability incident has occurred, and the team is currently investigating the issue and has contacted relevant parties to coordinate the response. On-chain data shows that some ATOM assets related to the incident were suspected to have been transferred via IBC (Inter-Blockchain Communication) to a Cosmos Hub network address. About 228,517 ATOM at the address were then drained within a few hours through IBC transfers and multiple outgoing transactions, and the address now holds only a small balance.
4. mySwap Hit by Attack, Nearly Wiping Out Remaining Protocol Liquidity
https://x.com/mySwapxyz/status/2067941891010711560
Starknet ecosystem automated market maker mySwap announced via its official X account on June 19, 2026 that its protocol mySwap CL had suffered a security incident, disclosing that about $300,000 in assets were stolen. Since its frontend interface had already closed the entrance for adding new liquidity more than six months ago, the affected funds are mainly residual liquidity spread across more than 100,000 LP positions. After completing the theft, the attacker transferred the funds cross-chain and used the privacy protocol Railgun to obscure the transaction path and hide the asset flow. The team is currently investigating the vulnerability details further and assessing follow-up response options.
Industry Dynamics
1. PBOC: Build and Operate Cross-Border, Offshore, and Blockchain Infrastructure for the Digital RMB Under a Safe and Controllable Framework
https://www.pbc.gov.cn/goutongjiaoliu/113456/113469/2026061616092398246/index.html
On June 17, the People's Bank of China, the National Development and Reform Commission, the National Financial Regulatory Administration, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and the Shanghai Municipal People's Government jointly issued the "Action Plan for Developing Offshore Finance in Shanghai as an International Financial Center." The plan states that, relying on the Digital RMB International Operations Center, China will build and operate cross-border, offshore, and blockchain infrastructure for the digital RMB under a safe and controllable framework, steadily advance interconnection with overseas financial infrastructure, and promote the application and expansion of digital RMB use cases in offshore business.
2. Hong Kong Exchanges and Clearing and the Hong Kong Monetary Authority Launch Pilot Project to Provide a Digital Payment Solution for Derivatives After-Hours Trading
https://www.hkma.gov.hk/eng/news-and-media/press-releases/2026/06/20260618-8/
On June 18, Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) announced the launch of a joint pilot project to explore a new digital payment solution for the after-hours trading session in the derivatives market. The pilot is intended to optimize Hong Kong's capital markets and meet the market's growing demand for after-hours trading. HKEX and the HKMA are studying the introduction of the "e-HKD" — a wholesale central bank digital currency (CBDC) operating on a 24/7 basis — to pay margin for after-hours trading, thereby enhancing risk management capabilities for the derivatives market outside banking hours while keeping existing operational workflows unchanged.
3. U.S. Senators Urge Treasury to Retain State-Level Stablecoin Regulatory Participation
On June 16, several U.S. senators including Cynthia Lummis sent a letter to the U.S. Department of the Treasury, requesting a clear certification process for state-level regulatory frameworks during the implementation of the GENIUS Act. The GENIUS Act allows state regulators to continue overseeing stablecoin issuers after meeting equivalent standards, but the senators believe the Treasury's existing process lacks sufficient clarity. This development reflects that U.S. stablecoin regulation is not only about the relationship between the federal government and the industry, but also involves the allocation of regulatory authority between federal and state governments.
4. U.S. Agencies Propose GENIUS Act Stablecoin Customer ID Rules, Seeking to Impose Bank-Like BSA/KYC Obligations on Stablecoin Issuers
On June 18, the Federal Reserve, Treasury, OCC, FDIC, and other agencies proposed stablecoin customer identification rules under the GENIUS Act and opened them for public comment. The direction of the rules is to bring stablecoin issuers into a KYC, recordkeeping, anti-money laundering, and counter-terrorist financing framework similar to that applied to banks and broker-dealers. This development means U.S. stablecoin regulation has moved from high-level legislation to enforceable detailed rules, which will directly affect compliance costs for USDC, USDT, and stablecoins issued by traditional financial institutions.
In-Depth Analysis
1. AI Agent Reshaping Web3: Trading Taken Over by Machines, While Payments and Trust Still Belong to Humans
https://foresightnews.pro/article/detail/98137
Foresight News article "Which crypto sectors have AI Agents 'eaten up'?" reviews the degree of AI Agent penetration across different segments of the crypto industry. The article argues that perpetual contracts, MEV, yield optimization, and some spot trading have clearly become agent-first, with bots consistently outperforming humans in speed, arbitrage, liquidation, and strategy execution; however, in scenarios such as stablecoin payments, wallet authorization, identity verification, and the trust layer, humans remain the key decision-makers. The core question for Web3 in the future is not whether Agents will replace humans, but how to build the boundaries of authority, verification, and trust between humans and Agents.
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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