ama

Zama protocol founder Rand posted on the X platform that, with the assistance of on-chain detective ZachXBT, the root cause of the cUSDC contract freeze has been identified. This freeze was caused by a court-issued injunction against addresses related to the Overnight Finance hacker, which had deposited approximately $12.5 million USDC into the cUSDC contract, accounting for over 99% of the funds within the contract, leading to the entire contract being frozen.Rand emphasized that this freeze is unrelated to the protocol itself or privacy technology, and it is not a sanction against Zama, but rather a typical DeFi judicial restriction scenario. The project adheres to compliance and privacy principles, not confusing the parties involved in transactions, only hiding balances and amounts. Currently, Zama is communicating with multiple parties to advance a resolution, has suspended the cUSDC, cUSDT, and cWETH contracts, and will restore them after completing the investigation and handling of the involved addresses, and will release a detailed review report as soon as possible.

Zama's official response to Circle's freezing of the cUSDC contract event states that Circle's compliance system flagged a wallet belonging to an external depositor. Since this wallet holds funds in the cUSDC contract, the entire contract was automatically swept into a standard holding freeze. This is merely incidental damage and not a sanction against the Zama Protocol. The Zama legal team has intervened and is isolating the flagged address, and will restore access for all unaffected participants as soon as possible.

ZachXBT stated that approximately $12.4 million in funds in the Zama cUSDC contract, which was blacklisted by Circle, may be associated with the DeFi project Overnight Finance, which has recently been embroiled in controversy due to accusations against its team of a Rug Pull.

"On-chain detective" ZachXBT posted that the stablecoin issuer Circle blacklisted the privacy protocol Zama's Confidential USDC (cUSDC) contract on Ethereum about 7 hours ago, resulting in approximately 12.6 million USDC being frozen within the contract.ZachXBT stated that the cUSDC contract has been publicly labeled in both Zama's official documentation and blockchain explorers. The specific reason for Circle freezing the related USDC is currently unclear. ZachXBT also pointed out that it had disclosed in March 2026 that Circle froze over 16 hot wallet addresses belonging to enterprises, protocols, and service providers without providing transparent explanations.

SuperEx will launch VRTUSDT, AMATUSDT, and DELLUSDT U-based perpetual contract trading pairs on May 29, 2026, at 03:00 (UTC); the above contract trading pairs support full margin, cross margin, and split margin modes. You can experience trading through the Web and APP.

According to The Block, Standard Chartered Bank believes that the recent sharp decline in ETH prices does not reflect the continuous improvement of internal indicators on the Ethereum network, comparing it to Amazon's phase after the tech bubble burst in 2001. The bank maintains its ETH price targets: $4,000 by the end of 2026 and $40,000 by the end of 2030, and expects the ETH/BTC exchange rate to rebound to about 0.08 by the end of this decade.The bank stated that Ethereum dominates the stablecoin and RWA (real-world asset tokenization) sectors, expecting the market value of both stablecoins and non-stablecoin RWAs to increase to about $2 trillion by 2028, which will drive Ethereum's trading volume and TVL to new highs, pushing ETH prices upward.

According to token unlocking data from the crypto asset data platform RootData, Zama (ZAMA) will unlock approximately 27.958 million tokens at 0:00 on June 2nd, Beijing time, worth about 8.74 million dollars.

According to The Block, FHE privacy technology company Zama has acquired the enterprise-level token lifecycle management platform TokenOps, applying Fully Homomorphic Encryption to scenarios such as token locking, airdrops, and equity table management. TokenOps claims it has processed over $2 billion in token distribution. Through this acquisition, token issuers can encrypt key information such as token allocation, release curves, and receiving addresses on-chain under the ERC-7984 confidential token standard, reducing the risk of signal leakage and front-running caused by on-chain transparency.This technology has been implemented in the institutional cooperative distribution of the RWA protocol KAIO, and Zama's own ZAMA token team and investor distribution also use TokenOps' encrypted locking solution. The TokenOps brand will continue to operate independently and open confidential tools to more issuers.

According to Catcher Predict monitoring, in the "Spurs vs. Thunder" event on the prediction market Polymarket, the "yes" option for the sub-market "Victor Wembanyama: Points O/U 24.5" has experienced a dramatic fluctuation in winning probability, dropping from 59.5% an hour ago to the current 33% (a fluctuation of 26.5%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "LoL: Team WE vs. Ninjas in Pyjamas (BO3) - LPL Group Advancement," the "Both Teams Slay a Dragon" sub-market's "Yes" option win rate has experienced significant fluctuations, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of related breaking news.

According to the Financial Times, several large technology companies, including Alphabet and Amazon, are accelerating their entry into the global bond market, raising funds through large-scale overseas bond issuance to support the expansion of artificial intelligence infrastructure and computing power.The report states that this round of financing activities has reached a new high in recent years, reflecting the increasing demand for long-term capital expenditures among tech giants in the AI race, particularly focused on data centers, computing clusters, and cloud infrastructure construction.Analysts believe that against the backdrop of high interest rates, companies are choosing to optimize their financing structure globally, diversifying funding costs and term risks through multi-currency debt markets, further strengthening their capacity for investment in AI infrastructure.

According to CoinDesk, the U.S. law firm Charles Gerstein has filed a petition in the Manhattan federal court, requesting an order for Tether to transfer over $344 million of frozen USDT to victims holding judgments against Iran for unpaid terrorism claims. These USDT were previously frozen by Tether after the U.S. Treasury Department's Office of Foreign Assets Control identified the related Tron wallets as belonging to the Islamic Revolutionary Guard Corps of Iran.The plaintiffs argue that since OFAC has designated the relevant wallets as owned by the Iranian Revolutionary Guard Corps, and Tether has frozen the related tokens, Tether can fully reissue an equivalent amount of USDT to a wallet controlled by the victims' attorney. This case is part of a broader legal strategy by Charles Gerstein aimed at leveraging the ability of crypto platforms to freeze and transfer digital assets to enforce terrorism-related judgments. Unlike the Arbitrum case involving North Korean-linked hacker funds, in this case, OFAC has clearly designated the relevant wallets as owned

According to monitoring by Catcher Predict, in the predicted market event "LoL: Top Esports vs Pajama Ninjas (BO3) - LPL Group Advancement" on Polymarket, the "Yes" option for the sub-market "Any Player Quadra Kill" has experienced a sharp fluctuation in win rate, soaring from 50% an hour ago to the current 75.5% (a fluctuation of 25.5%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the market prediction event on Polymarket "LoL: Ninjas in Pyjamas vs. Invictus Gaming (BO3) - LPL Group Stage," the "Yes" option for the sub-market "Both Teams Slay a Dragon" has experienced a drastic fluctuation in win rate, plummeting from 50% an hour ago to the current 30.5% (a fluctuation of 19.5%). Please note the impact of related breaking news.

According to Jinshi reports, Federal Reserve official Harker stated that the Federal Reserve's signal regarding the next action being a rate cut is misleading.

World Liberty Financial (WLFI) announced a defamation lawsuit against Sun Yuchen on platform X.WLFI alleges that Sun Yuchen, through his wholly-owned entity Blue Anthem, holds approximately 4 billion $WLFI tokens: when purchasing the tokens, Sun Yuchen was clearly aware that $WLFI tokens are non-transferable, signed a token unlocking agreement, committed not to short sell, and agreed that WLFI has the right to "decide to freeze any violating wallets."After WLFI executed a freeze on the relevant tokens based on the sales terms, Sun Yuchen did not seek a good faith resolution; instead, he initiated a coordinated smear campaign, spending money to hire influencers and deploy bots to spread false information to over 4 million followers, warning that if his demand for hundreds of millions of dollars was not met, the price of $WLFI tokens would "drop to the ground."WLFI stated that the aforementioned freezing function was clearly disclosed in the sales terms, the governance mechanism is transparent and community-driven, and they will pursue legal action against Sun Yuchen.

According to Gate market data, the three major U.S. stock indices rose before the market opened, with the Nasdaq up 0.87%, the Dow up 0.35%, and the S&P 500 up 0.48%.Most of the seven major tech stocks rose before the market opened, with Apple (AAPL) up 0.55%, Microsoft (MSFT) up 0.79%, Alphabet (GOOGL) up 0.53%, Amazon (AMZN) up 6.36%, Nvidia (NVDA) up 1.03%, Tesla (TSLA) up 0.09%, and Meta (META) down 2.33%.