In a paper by Iwasawa (On Cohomology Groups of Units in $\mathbb{Z}_p$-Extensions, 1983) the following two facts have been mentioned without any explanation (or examples). I do not see how to justify these statements or construct examples.
- Let $k$ be a field of CM type and $K/k$ be the cyclotomic $\mathbb{Z}_p$-extension. Let $\Gamma = Gal(K/k) \simeq \mathbb{Z}_p$ and $C(p)$ be the $p$-primary part of the ideal class group of $K$. Claim: Then, it is possible that $C(p)^{\Gamma}$ is infinite.
- Fix the ground field $k$ and find a $\mathbb{Z}_p$-extension $K/k$ such that the number of primes of $k$ that ramify in $K$ is minimum in the family of all $\mathbb{Z}_p$-extensions over $k$. Claim: Then, $C(p)^{\Gamma}$ is finite for this $K/ k$.