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Privacy Agreement Zama founder Rand posted on platform X that the freezing measures against the cUSDC contract under Zama have been lifted, and all systems have returned to normal operation.According to his introduction, a U.S. court previously ordered Circle to temporarily freeze a contract worth $12.5 million in USDC held by Zama without prior notice. The court has now determined that the freezing measure was unreasonable and has lifted the temporary restraining order (TRO), and the related cUSDC contracts and assets have been fully restored. Rand stated that this incident did not affect the team's trust in USDC, and Zama still plans to launch the cUSDC product later this month.

According to developer donnoh, due to a vulnerability that occurred during a recent upgrade, the status updates of the Base network have been stagnant for over 30 hours. However, since the withdrawal from Base to the Ethereum mainnet requires about a 7-day challenge period, most ordinary users have not yet noticeably perceived this anomaly.Subsequently, the official Base status page released an announcement confirming that the issue originated from a fault related to the TEE (Trusted Execution Environment) enclave, which caused the network proposal process to be interrupted, thereby affecting the status update process.The official statement indicated that the withdrawal function of the Base mainnet is currently experiencing delays, and the team is working on repairs. Aside from the withdrawal process, other core network components have not been directly affected.

The U.S. Treasury Department has added several individuals and entities to the latest sanctions list, stating that the related network is suspected of procuring U.S. goods for sanctioned Iranian entities.

The Polymarket development team stated, "The current trading functionality is experiencing issues. The team has confirmed the cause of the problem and is deploying a fix. Real-time status updates can be viewed on the official status page."

According to Crypto.news, Grayscale has submitted its Form 8-A12B for the spot Hyperliquid ETF to the U.S. Securities and Exchange Commission (SEC), which is the final registration step before listing on Nasdaq, and trading is expected to begin within 1 to 4 days.In addition, the ETF code is GHYP, and it has been renamed from "Grayscale HYPE ETF" to "Grayscale Hyperliquid Staking ETF," which is suspected to include new features allowing for staking.

According to a report by The Information, the prediction market Polymarket is facing increased regulatory and compliance pressure, and the platform is pushing traders to undergo identity verification (KYC) to reduce potential legal and compliance risks.The report states that although Polymarket's platform rules do not allow such activities in certain regions, some users are still participating in market trading through automated trading bots and other means, creating gray usage paths in areas like Russia. Some developers are even using tools like Telegram to organize trading traffic and expand the user base. As the platform grows and regulatory scrutiny increases, Polymarket is being forced to seek a balance between decentralized prediction markets and compliance requirements to address potential sanctions and legal risks.

The cryptocurrency market was at a critical juncture on Wednesday. After failing to break through $78,000 on Tuesday, Bitcoin's price has fallen below the $76,000 "bear market boundary" defined by Tom Lee, now approaching the support level of $75,000. Ethereum also retreated after reaching $2,150 on Tuesday, falling towards the $2,000 support, and then rebounding around $2,050. AI concept tokens RENDER, FET, and NEAR have given back most of their gains from Tuesday.Market performance diverges significantly from U.S. stocks. The S&P 500 and Nasdaq 100 index futures both hit all-time highs, rising about 0.3%. In the derivatives market, cryptocurrency futures trading volume surged 54% to $201 billion within 24 hours, with liquidation volume skyrocketing by 87%, but this mainly reflects the market's restart after the U.S. holiday. Bitcoin open interest climbed to 740,000, with a negative cumulative trading volume difference over 24 hours, indicating that traders are actively shorting through market orders. Ethereum's open interest reached a historic high of 15.57 million, but the trading volume difference is also negative, suggesting that traders are shorting contracts to bet on deeper declines after the critical technical support trendline was breached. The 30-day implied volatility index for Bitcoin rebounded from a year-to-date low, rising nearly 3% to 37.35%, indicating that the market is beginning to seek protection against potential price declines.

According to CoinDesk, the UK has imposed sanctions on 18 entities and individuals accused of assisting Russia in evading Western restrictions and funding its war in Ukraine, including the cryptocurrency exchange Huobi Global S.A. (operator of HTX) and the stablecoin issuer Open Joint Stock Company "Virtual Asset Issuer."This is the first time the UK has applied Regulation 17A, which targets sanctioned banks, to cryptocurrency exchanges, requiring UK financial institutions and cryptocurrency service providers to freeze relevant funds, track on-chain transactions, and not maintain agency relationships or process payments related to sanctioned entities. The sanctions primarily target the A7 payment network.According to the official announcement from Huobi HTX, the sanctioned "Huobi Global S.A." and the online Huobi HTX exchange are independent entities, and this sanction will not affect the online Huobi HTX exchange. Currently, Huobi HTX's global operations are normal, and user funds are safe and secure.

According to Jinshi reports, the latest sanctions imposed by the UK on Russia target the cryptocurrency networks used to evade UK sanctions.

The Federal Deposit Insurance Corporation (FDIC) has proposed a new regulation to establish Bank Secrecy Act (BSA) and sanctions compliance standards for stablecoin issuers under its supervision. The new regulation requires stablecoin issuing institutions to comply with all applicable regulations related to anti-money laundering / counter-terrorism financing (AML/CFT), economic sanctions programs, and reporting requirements, including those issued by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC).The rule will also establish regulatory and enforcement provisions for AML/CFT programs in accordance with FinCEN's requirements. The proposed rule will be open for public comment for 60 days after its publication in the Federal Register.

The Federal Deposit Insurance Corporation (FDIC) announced new regulations aimed at establishing Bank Secrecy Act (BSA) and sanctions compliance standards for stablecoin issuers under its supervision. According to the requirements of the GENIUS Act, U.S. federal banking regulators must develop a regulatory framework for stablecoin issuers.Previously, the FDIC proposed two rules concerning the process for bank subsidiaries to apply to become stablecoin issuers, as well as capital, liquidity, and risk management requirements. The latest proposal further requires stablecoin issuers to comply with anti-money laundering/combating the financing of terrorism (AML/CFT), economic sanctions, and related reporting obligations, including those established by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC). Additionally, the FDIC plans to establish a supervisory and enforcement mechanism for AML/CFT programs. The proposal will be open for a 60-day public comment period after its publication in the Federal Register.

Binance CEO Richard Teng responded on the X platform to reports from The Wall Street Journal, stating that there are "fundamental errors" regarding the facts and Binance's commitment to compliance frameworks in the reports. Richard Teng noted that the relevant transactions mentioned by The Wall Street Journal occurred before the individuals involved were sanctioned, and Binance has not allowed any sanctioned individuals to trade on the platform.He also stated that Binance had proactively investigated the relevant issues before being contacted by The Wall Street Journal and had provided the other party with relevant facts, but this information was not published. Additionally, Richard Teng emphasized that Binance has a "zero tolerance" policy for illegal activities and has established an industry-leading compliance system, and will continue to cooperate with U.S. and global law enforcement agencies to combat financial crime.Previously, it was reported that funds associated with the Iranian regime had transferred over $850 million through Binance in the past two years.

Bankr posted on platform X that the team is currently working with external partners such as zeroShadow to continue the investigation and repair work. It is expected that all functions will be restored by next week after completing additional security reviews and monitoring measures.Bankr stated that in the short term, it may gradually restore token issuance and some "read-only" functions, allowing users to view account information such as balances. However, wallet transaction functions, including swap and transfers, will remain suspended during the review period.Previously, Bankr disclosed that an attacker had gained access to 14 Bankr wallets, and the platform subsequently suspended related functions and promised to fully compensate users for their losses.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions against two money laundering networks associated with the Sinaloa drug cartel, involving more than a dozen individuals and entities. One of the networks is accused of converting cash from the sale of fentanyl and other drugs into cryptocurrency and transferring it to high-ranking members of the Sinaloa cartel in Mexico.OFAC stated that the network laundered money through cash collection within the United States, cryptocurrency transfers, and Mexican brokers associated with the "Los Chapitos" faction. "Los Chapitos" is controlled by Ivan and Alfredo Guzman Salazar, the sons of "Shorty" Guzman. Sanctioned individuals include Armando de Jesus Ojeda Aviles, who is suspected of being responsible for the money laundering network, and Jesus Gonzalez Penuelas, another leader of a drug trafficking and money laundering organization.OFAC noted that the organization collects large amounts of cash in the United States, exchanges it for cryptocurrency, and sends it back to Mexico. Under the sanctions, the assets of the relevant individuals and entities within the United States will be frozen, and U.S. citizens

According to Bloomberg, the U.S. Treasury Department announced sanctions against an operator of the Sinaloa drug cartel, accusing him of using cryptocurrency to transfer drug trafficking proceeds back to Mexico. The Treasury's Office of Foreign Assets Control stated that those sanctioned include Armando de Jesus Ojeda Aviles and several of his associates, who laundered sales revenue from fentanyl, cocaine, and methamphetamine for the Sinaloa cartel.The network relies on couriers within the United States to collect cash and transfers funds through digital currency addresses. In April 2024, a federal grand jury in Colorado indicted another associate of Ojeda, Rodrigo Alarcon Palomares, accusing him of laundering drug proceeds through cryptocurrency.

According to Bits.media, the Central Bank of Russia aims to prohibit Russian citizens from trading on cryptocurrency exchanges that comply with international sanctions. Ekaterina Lozgacheva, head of the Central Bank's Strategic Development Department, stated that the Central Bank plans to ban Russians from trading on foreign cryptocurrency exchanges that adhere to international sanctions. Russians can only trade cryptocurrencies on foreign platforms through Russian brokers, provided that these foreign platforms do not comply with international sanctions.The country's central bank will establish its own standards for foreign platforms that Russian brokers and investors can use. Lozgacheva noted that even trading cryptocurrencies abroad through Russian intermediaries is subject to foreign regulation, posing additional risks. The annual purchase limit for non-professional investors is set at 300,000 rubles, and they can only access the most liquid cryptocurrency assets through domestic brokers. A test must be completed before trading, and qualified investors are not subject to the limit but must also undergo testing. Relevant restrictions will be included in the second reading version of the draft "Digital Currency and Digital Rights Law," with key provisions expected to take effect on July 1.

According to the Korea Herald, a South Korean court partially approved Samsung Electronics' request for an injunction against the union's planned strike. Samsung turned from a decline to an increase, and the South Korean KOSPI index turned positive, reversing a previous decline of 4.68%.