The post Circle Freezes $12.6M USDC in Zama Protocol, Sparks Criticism appeared on BitcoinEthereumNews.com.
Terrill Dicki
May 30, 2026 18:52
Circle’s $12.6M USDC freeze in Zama’s protocol raises concerns over unilateral actions and selective enforcement in the stablecoin market.
Stablecoin issuer Circle has frozen $12.6 million in USD Coin (USDC) tied to Zama, a privacy-focused protocol, according to on-chain analyst ZachXBT. The freeze, which reportedly occurred without prior notice, has reignited criticism over Circle’s ability to unilaterally blacklist addresses and confiscate funds at the smart-contract level. According to ZachXBT, the affected funds were linked to Zama’s confidential USDC (cUSDC) smart contract. The smart contract was publicly labeled on blockchain explorers, and $12.4 million had been deposited into it by wallets associated with the DeFi protocol Overnight Finance earlier in May. Overnight Finance itself recently faced allegations of misappropri
The post LDO Price Prediction: Dead Cat Bounce to $0.35 Before $0.25 Crater appeared on BitcoinEthereumNews.com.
Terrill Dicki
May 31, 2026 08:37
LDO’s oversold bounce hits a brick wall at $0.33 resistance with smart money positioning bullish while retail sells aggressively. Target $0.35 relief rally before inevitable breakdown to $0.25.
The Immediate Setup Lido DAO is bleeding out in slow motion at $0.32, trapped in a technical no-man’s land that screams distribution phase. The token managed a pathetic 0.87% bounce in the last 24 hours, but volume tells the real story – only $1.5M in spot trading suggests institutional money has completely abandoned ship. Technical indicators paint a picture of momentum completely stalled, with the RSI hovering in dangerous neutral territory at 37.42 where false breakouts love to hunt stop losses. The momentum oscillators confirm this stagnation, with the MACD histogram essentially flatlined at zero while remaining deep in negative t
The post FILE Price Prediction: Bearish Momentum Masks $1.20 Reversal Setup appeared on BitcoinEthereumNews.com.
Terrill Dicki
May 31, 2026 08:21
FILE trades at $0.96 amid selling pressure but whale positioning and oversold technicals suggest a potential bounce to $1.20 within 6-8 weeks if key support levels hold.
The Immediate Setup FILE sits uncomfortably at $0.96, down 1.63% as bears maintain their grip on short-term momentum. The token managed to bounce from its $0.95 daily low but struggles against the stubborn $0.99 resistance level. This price action reveals a market caught between competing forces – institutional distribution meeting whale accumulation at these discounted levels. Daily volume of $7.8 million shows moderate engagement, though the 0.82 taker buy/sell ratio exposes underlying selling pressure. The MACD histogram flatlines at zero while momentum stalls, creating that uncomfortable equilibrium where neither side commands decisive control. This tech
The post TRX Price Prediction: $0.40 Breakout Target as Technical Setup Conflicts with Bearish Whale Flow appeared on BitcoinEthereumNews.com.
Terrill Dicki
May 31, 2026 07:38
TRX consolidates above $0.34 support with bullish MACD divergence pointing toward $0.40 (14% upside), but 57% short positioning among top traders signals potential retest of $0.30 first.
Market Context: Why TRX is Moving Now TRON’s current positioning at $0.35 represents a critical inflection point where technical recovery meets institutional skepticism. The token has established a solid base above its 200-day moving average at $0.30, showing relative strength while many altcoins struggle. This 1.40% daily gain might seem modest, but it’s happening against sustained selling pressure that’s creating an intriguing contrarian setup. The $39 million in daily spot volume on Binance alone indicates persistent interest, while the tight trading range between $0.34-$0.35 suggests accumulation rather than
The post Solana Records 97% Tokenized Equities Volume as SoFi, Cash App Join the Network appeared on BitcoinEthereumNews.com.
TLDR: Solana captured 97% of cumulative tokenized equities spot trading volume, setting a new market record this week. SoFi launched the first stablecoin from a U.S. nationally chartered bank, SoFiUSD, natively on Solana. Cash App rolled out USDC support on Solana, opening stablecoin access to millions of everyday retail users. Mayan bridged over one million external wallets and moved $2.5 billion in stablecoins across Solana this week. Solana recorded a busy week of launches, integrations, and milestones across payments, tokenized assets, and developer infrastructure. Major financial institutions and consumer apps moved onto the network. Stablecoin support expanded through platforms familiar to everyday users. Tokenized equities trading on Solana also reached a new record. The week’s activity covered traditional finance, decentralized lending, privacy tools, an
The post Circle Froze CUSDC Contract Due To A Single Wallet Issue, Zama Confirms appeared on BitcoinEthereumNews.com.
Circle Froze CUSDC Contract Due To A Single Wallet Issue, Zama Confirms Skip to content
Home Crypto News Circle Froze cUSDC Contract Due to a Single Wallet Issue, Zama Confirms
Source: https://bitcoinworld.co.in/circle-cusdc-contract-freeze-zama-wallet-issue/
The post FILE Price Prediction: $1.33 Target by June – Smart Money Loading While Retail Hesitates appeared on BitcoinEthereumNews.com.
Terrill Dicki
May 30, 2026 08:23
FILE shows smart money accumulation with whales at 66.8% long while price consolidates near $0.98. Technical setup points to $1.33 by June 2026 with 70% probability if support holds.
The Immediate Setup FILE is trading at $0.98 after a modest 1.45% daily gain, but the real story is happening beneath the surface. Smart money is positioning aggressively with top traders holding a 2.01 long/short ratio – that’s 66.8% long bias from the whales while retail sits at a more cautious 62.6% long. The price action screams accumulation phase as buyers step in near the $0.93 low, yet momentum remains frustratingly flat with RSI parked at 48.82 and MACD flatlining at zero. Open interest surged 7.01% to $45.8 million, signaling fresh capital deployment. According to Blockchain.news, this type of divergence between pr
The post Vietnam Eyes Crypto-Backed SME Loans as Circle Freezes $12.6M, Bitcoin ETFs Bleed $3B appeared on BitcoinEthereumNews.com.
Crypto News Vietnam’s Ministry of Finance has put forward a proposal that would let small and medium-sized enterprises pledge digital assets, virtual assets and intellectual property as collateral against bank loans. The measure forms part of a draft revised Law on Support for SMEs now open for public consultation, and would expand acceptable security to include future-formed assets, property rights and intangible holdings. SMEs account for more than 98% of all enterprises in the country, yet capture roughly 20% of total bank credit. Officials attribute the gap to a shortage of eligible collateral, a constraint this reform aims to dismantle for technology-driven firms holding patents, software and tokenised assets. Stablecoin issuer Circle has frozen roughly $12.6 million in USDC linked to the confidential USDC smart contract operated by privacy protocol Z
The post Circle Blacklists Zama Protocol Address, Freezing $12.6M In User Funds appeared on BitcoinEthereumNews.com.
Circle Blacklists Zama Protocol Address, Freezing $12.6M In User Funds – Details
Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Semilore Faleti works as a crypto-journalist at Bitconist, providing the latest updates on blockchain developments, crypto regulations, and the DeFi ecosystem. He is a strong crypto enthusiast passionate about covering the growing footprint of blockchain technology in the financial world. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/circle-blacklists-zama-paddress-freezing-12-6m/
