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According to market news, Cypherpunk Jameson Lopp and several experts in the field of Bitcoin quantum security have proposed Bitcoin Improvement Proposal BIP-361, which suggests freezing quantum-vulnerable addresses, including Satoshi Nakamoto's reserves, to prevent future quantum computers from stealing approximately 1.7 million Bitcoins.The proposal is to be implemented in three phases: first, prohibiting transfers to legacy addresses; second, invalidating legacy signatures and freezing untransferred assets after five years; and finally, allowing some users to recover frozen funds through a zero-knowledge proof mechanism. This proposal aims to promote the migration of the entire network to quantum-resistant addresses, but it has faced opposition from some community members who believe it contradicts the decentralized ethos of Bitcoin and has a predatory nature.

According to a report by Jinshi citing a reporter from Iranian state television, Iran's red lines include the Strait of Hormuz, the payment of war reparations, the unfreezing of Iran's frozen assets, and a ceasefire throughout the region.

According to Jinshi reports, the White House stated that U.S. officials deny that the U.S. has agreed to unfreeze Iranian assets.

Circle Chief Strategy Officer Dante Disparte published a response regarding the over $270 million theft incident involving Drift Protocol. Disparte stated that Circle only freezes USDC when legally mandated to do so, and this is not a unilateral decision, nor is it a backdoor or algorithmic monitoring. This reflects the rule of law in internet-native financial activities.He pointed out that the core issue facing open systems is that the legal framework's response speed lags behind technological development. Protocols, wallets, exchanges, and stablecoin issuers should regard security and accountability as a shared obligation, and DeFi protocols can develop on-chain technical protection measures by referencing the circuit breaker mechanisms of traditional markets.He also called for the legislative processes of the U.S. GENIUS Act and CLARITY Act to incorporate due process, property rights, and financial privacy protection standards into law before the next major security incident occurs.

According to Jinshi News, CITIC Securities pointed out that the U.S. non-farm payroll data showed that 178,000 new non-farm jobs were added in March, exceeding expectations, partly driven by the repair of short-term disturbances. Although the structure of employment growth has improved compared to February, many industries still show low growth. If the U.S.-Iran conflict continues, it is expected to put pressure on the global supply chain, and U.S. employment may still face pressure in the future. Currently, the upward risk of inflation is squeezing the Federal Reserve's space for interest rate cuts.

According to Cointelegraph, the joint law enforcement operation "Operation Atlantic" by the United States, the United Kingdom, and Canada was completed in March this year, led by the UK's National Crime Agency (NCA). Over $12 million in suspected fraud proceeds were frozen, and more than 20,000 victims were identified, with a total fraud amount exceeding $45 million.This operation focused on authorized phishing attacks—a scam technique that induces users to sign malicious authorizations, thereby allowing attackers to transfer tokens from the wallet. Binance participated by providing account screening and fraud intelligence support, but no funds were frozen from its platform.

The American law firm Gibbs Mura has officially announced a collective lawsuit investigation regarding the Drift Protocol theft incident, involving a fund scale of approximately $280 million to $285 million. It is reported that over $230 million USDC was transferred to Ethereum via Circle's Cross-Chain Transfer Protocol (CCTP).Gibbs Mura believes that although Circle has the technical capability to freeze funds, it did not take freezing action during this attack. The law firm is currently assessing whether investors can file claims against Circle for "failure to intervene in a timely manner," "insufficient monitoring," and "failure to fulfill stablecoin responsibilities," and is calling on affected users to participate in the lawsuit to advance fund recovery.

According to The Block, Bitcoin has fallen below $66,000, with a 24-hour decline of 3.7%, continuing to fluctuate between $60,000 and $70,000 in recent weeks.Glassnode states that spot demand is beginning to absorb selling pressure, but it is not yet enough to drive sustained upward movement. It is estimated that 8 to 9 million BTC have a holding cost above the current price, forming a persistent "resistance" that suppresses rebounds, while long-term holders are still realizing losses at high levels, indicating that the stage of chip redistribution has not yet ended.In terms of derivatives, the funding rate has remained negative for most of the first quarter to date, meaning traders are paying a premium to hold short positions.Bitfinex analysts point out that "traders are willing to pay a premium to maintain downside exposure," and this concentrated short position pattern could trigger a short squeeze if upward momentum occurs. Demand in the options market has also declined, with implied volatility contracting and skew slightly leaning towards downside protection, indicating that investors prefer to hedge risks rather than bet on a breakout.On the macro front, Bitunix analysts indicate that the market has entered a "supply chain disruption" phase, with energy and industrial metal production being hindered and beginning to transmit inflation. Currently, liquidity for Bitcoin is concentrated between $69,000 and $70,100, with a key testing level below around $65,500.K33 notes that traders are entering the typically calmer Easter holiday window with a "cautiously aggressive" stance. From a long-term perspective, Pantera Capital founder Dan Morehead stated in a recent podcast that Bitcoin may need another six to eight months to bottom out, but he also believes that Bitcoin has reached "escape velocity," with institutional participation still close to zero, and the next round of increases will be driven by broader adoption.

According to The Block, Gnosis co-founder Friederike Ernst and Zisk founder Jordi Baylina jointly announced the "Ethereum Economic Zone" (EEZ) plan at the EthCC conference in Cannes on Sunday, which is co-funded by the Ethereum Foundation.The EEZ aims to create a framework for Rollups, allowing smart contracts on connected Rollups to perform synchronous composable calls with the Ethereum mainnet and other EEZ Rollups, with security guarantees equivalent to those directly deployed on Ethereum. The framework defaults to using ETH as the Gas token, eliminating the need for additional cross-chain bridge infrastructure. Ernst stated, "Ethereum does not have a scalability problem; it has a fragmentation problem. Every new L2 that goes live has its own liquidity pool and bridging, creating another isolated walled garden."Founding members of the EEZ alliance include the DeFi lending protocol Aave, block builders Titan and Beaver Build, the RWA platform Centrifuge, and the tokenized stock project xStocks. The project will operate as a Swiss non-profit organization, with all software released as open-source, aiming to minimize governance and ultimately achieve non-upgradability. Technical specifications and performance benchmarks are expected to be announced in the coming weeks.

On-chain detective ZachXBT stated on platform X that Circle has unfrozen two previously frozen hot wallets, marked as "500 Casino" and "Whale." Previously, due to the address being frozen, users were unable to withdraw from a certain centralized exchange to the affected business hot wallets.ZachXBT pointed out that, currently, the basic details of the case, such as the plaintiff, expert witnesses, and why Circle did not raise any objections, have not been disclosed. Earlier reports indicated that ZachXBT stated Circle, under public pressure, had unfrozen one of the 16 USDC wallets that were blacklisted.

The UK Foreign, Commonwealth & Development Office and the Home Office jointly announced sanctions against the illegal cryptocurrency market Xinbi and individuals related to Southeast Asian scam networks. According to data from blockchain analysis company Chainalysis, Xinbi processed over $19.9 billion in transactions from 2021 to 2025, involving illegal activities such as money laundering, unlicensed over-the-counter trading, and the sale of stolen personal data. The UK is the first country in the world to impose sanctions on Xinbi.The sanctions also involve the operator of the Cambodian "#8 Park" scam base, Legend Innovation Co., and its head Eang Soklim, who is believed to be holding up to 20,000 trafficked workers. Meanwhile, multiple properties in London have been frozen, with previously seized assets including an office building valued at £100 million, two luxury homes, and a helicopter. UK officials stated that this action aims to cut off the financial infrastructure of the scam networks and will promote broader international coordinated cooperation at the illegal finance summit in June this year.

According to The Block, "on-chain detective" ZachXBT revealed that Circle has unfrozen one of the 16 USDC wallets that were previously blacklisted. The wallet address is 0x61f...e543, associated with Goated.com, and currently holds approximately 130,966 USDC. ZachXBT stated that the remaining affected wallets are expected to be restored in the near future.This unfreezing occurred after strong criticism from the public. Earlier reports indicated that Circle had frozen the USDC balances in 16 hot wallets related to different businesses, and ZachXBT claimed that this action was related to an undisclosed civil case in the United States, which is under confidentiality.ZachXBT harshly criticized this freezing action, stating that the parties involved did not provide any basis for the freeze and described it as one of the most incompetent freezing operations he has seen in his five years of work. MetaMask security researcher Taylor Monahan also criticized Circle on social media for lacking accountability mechanisms. Currently, Circle has not issued a public statement regarding the specific wallet or the legal basis for the freeze.

Ethereum has dropped to around $2,100, with a daily decline of 7%, mainly due to the Federal Reserve's interest rate decision and higher inflation expectations. In the past 24 hours, the total amount of long liquidations in the crypto market reached $492.8 million, with over $144 million in ETH long positions being forcibly liquidated.More critically, CoinGlass data shows that if ETH falls below $2,000, it will trigger over $2.5 billion in leveraged long liquidations across all trading platforms, meaning that if the bearish momentum continues, ETH will face a greater risk of a waterfall decline. Additionally, the U.S. spot Ethereum ETF recorded a net outflow of over $55.5 million on Wednesday, ending a streak of six consecutive days of net inflows. In the past eight FOMC meetings, ETH has declined after seven of them.The typical post-FOMC pullback ranges from 16% to 23%, with deeper deleveraging phases seeing declines of 33% to 43%. From a technical perspective, $2,100 is currently a key support level, closely coinciding with the upper boundary of the ascending triangle and the 50-day moving average. If the bulls can hold this position, the next target is $2,575 (100-day moving average), and above that is the triangle measurement target of $2,700. If $2,100 is lost, ETH will retest the triangle support line around $2,000; if it further breaks below the 20-day moving average, it faces the risk of dropping to $1,800.

According to CoinDesk, cryptocurrency exchange Kraken has frozen its IPO plans due to difficult market conditions and may consider restarting once the market improves.Insiders revealed that Kraken's parent company Payward secretly submitted an S-1 registration draft to the U.S. Securities and Exchange Commission (SEC) on November 19 last year. The pause is mainly due to the continuous decline in the crypto market since Bitcoin reached its all-time high last October, with shrinking trading volumes and cautious investor sentiment.

According to market news, the European Cybercrime Centre, in collaboration with the U.S. Department of Justice and other agencies, has announced the dismantling of a malicious proxy service network named "SocksEscort" and the freezing of $3.5 million in cryptocurrency related to the case.The network is said to have compromised over 369,000 routers and IoT devices in 163 countries worldwide, providing users with over 35,000 proxies in recent years. The European Cybercrime Centre stated that 34 domain names and 23 servers were seized in operations across 7 countries, and payment platforms associated with the service are estimated to have received over $5.7 million in cryptocurrency. The investigation began in June 2025 and found that the infected devices were primarily used to facilitate criminal activities such as ransomware and DDoS attacks.The U.S. Department of Justice has charged that criminals used the proxy service to conceal their location and commit fraud, including bank and cryptocurrency account takeovers, citing multiple victim loss cases, including a New York cryptocurrency exchange customer who was scammed out of $1 million.

According to the Bangkok Post, Thailand's digital asset operators have frozen over 10,000 suspicious cryptocurrency accounts under the newly implemented "speed bump" measures to combat money laundering activities conducted through "money mule accounts."The president of the Thai Digital Asset Operators Trade Association stated that criminal networks typically disperse illegal funds into multiple bank accounts, then concentrate them into cryptocurrency platforms and quickly convert them into digital assets for transfer abroad. The new measures stipulate a 24-hour transaction lock on transfers of 50,000 baht or more, during which users must complete additional KYC verification (such as video verification) before the funds can be released.

The CEO of the Hong Kong Securities and Futures Commission, Ashley Alder, stated that the agency has received nearly 900 complaints about investment fraud, with a quarter related to virtual currencies.The Hong Kong Securities and Futures Commission will collaborate with the police, customs, the Monetary Authority, as well as licensed brokers and virtual asset service providers (licensed entities) to establish communication channels with licensed entities and actively cooperate with the police's anti-fraud coordination center's "24/7 payment halt mechanism" to immediately freeze transfers involved in fraud or high risk.

Circle (CRCL) stock price rose 9.7% on Monday, with a cumulative increase of 86% over the past month. Analysts indicate that the escalation of the situation in Iran has led to a rise in oil prices of about 35% since February 28, intensifying inflation expectations and potentially forcing the Federal Reserve to delay interest rate cuts. Since stablecoin issuers earn returns through investments in dollars, a high interest rate environment is generally favorable for them.Additionally, Markus Thielen, founder of 10x Research, stated that this surge was also influenced by trader positions, as hedge funds accumulated a large number of bearish positions before the earnings report, and the company's solid performance in the fourth quarter triggered a high probability of a short squeeze. Currently, short positions in Circle account for about 13% of the outstanding shares.

The U.S. Treasury Department, in its report on the GENIUS Act submitted to Congress, suggested that Congress consider creating a "hold law" for digital assets. This proposal aims to provide a legal safe harbor for crypto platforms, allowing them to temporarily and voluntarily freeze digital assets suspected of illegal activity during investigations.Ari Redbord, policy director at TRM Labs, stated that this legislation would give law enforcement time to address the rapid nature of blockchain transactions. Although the Bank Secrecy Act protects institutions that submit suspicious activity reports, there is currently a lack of clear statutory provisions authorizing platforms to freeze funds without a court order. The report noted that this move would strengthen public-private partnerships in combating crypto fraud and money laundering.