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At Close: Jun 03, 2026
Privacy protocol Zama says it will accelerate compliance measures after a court lifted a $12.5 million USDC freeze tied to an unrelated legal dispute.
Ripple RLUSD Targets Türkiye to Rival USDT and USDC
Circle's USDC was built for regulation before the GENIUS Act required it. Here's how Wall Street infrastructure quietly adopted it as the institutional default.
A federal court order in the Overnight Finance suit forced Circle to blacklist Zama's cUSDC contract, freezing $12.6M and locking unrelated users' deposits due to the wrapper's pooled architecture.
Users who fail to migrate their accounts before quantum computers become a practical threat would not automatically lose their assets under Circle's new plan — the company is proposing recovery fram
Did the Overnight Finance hack investigation unfairly target Zama?
Circle froze $12.6 million in USDC. The funds are linked to Zama, a privacy-focused protocol. And the whole thing stems from a civil court case that's entirely separate from Zama's day-to-day operatio

Cash App Opens USDC to 59 Million Users

09:31am, Sunday, 31'st May 2026
Cash App rolls out fee-free, wallet-free USDC transfers to 59M users, spanning multiple chains and offering a one-tap path into Bitcoin.
In the early hours of Saturday morning, Circle implemented a freeze on $12.6 million worth of USDC following a federal court directive to blacklist a smart contract operated by Zama, a privacy-focused
The $12.6 million in USDC was likely frozen in connection with an ongoing but unrelated civil court case, according to onchain sleuth ZachXBT.
The attacker took USDC, ether, tether and PAYG tokens before laundering a portion through ChangeNow and Binance.
Circle's $12.6M USDC freeze in Zama's protocol raises concerns over unilateral actions and selective enforcement in the stablecoin market.
Circle blacklisted a publicly labeled Ethereum smart contract tied to Zama's privacy protocol on Saturday, freezing approximately $12.6 million in USDC following a U.S. federal court order connected t
Circle blacklisted Zama's confidential USDC contract on Ethereum on May 30. The blacklist freezes roughly $12.6 million held in a cUSDC token contract.
The incident highlights the inherent risks of relying on centralized entities in DeFi, impacting user trust and market stability. Circle freezes Zama's USDC contract, locking $12.6M amid rug pull alle
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