Svmuu News: Rand, founder of privacy protocol Zama, posted on platform X, stating that the freeze on Zama’s cUSDC contract has been lifted, and all systems have resumed normal operation.
According to his introduction, the US court had previously, without prior notice, ordered Circle to temporarily freeze a protocol contract worth $12.5 million in USDC held by Zama. The court has now deemed the freeze unreasonable and revoked the Temporary Restraining Order (TRO). The related cUSDC contract 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.
Faster global financial news!
Zama Founder: Court Lifts Temporary Restraining Order on cUSDC Contract, Protocol Now Fully Operational
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source：Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
JST (JUST) price surged to $0.11326, hitting a new 365-day high.
-
2
Aethir (ATH) Token Value Analysis: Decentralized Cloud Computing Project Potential and Risk Assessment
-
3
Standard Chartered Predicts XRP Could Reach $12.60 by 2028, Citing Unmet Catalysts
-
4
Bitcoin Trading Platforms and Mobile Apps Guide: Selection and Considerations
-
5
How will cyclical trends evolve after the Bitcoin halving?
-
6
What is WKAI? Wrapped KardiaChain (WKAI) Project Analysis and Risk Warning
-
7
HYN (Hyperion) Analysis: Decentralized Map Project Status and Market Activity Review
-
8
FIL (Filecoin) saw a trading volume of $7.06 million in the past hour, 22.9 times its 7-day average for the same period, and is currently trading at $0.9672.
-
9
OpenAI and Morgan Stanley Launch AI Tool to Automate Junior Analyst Work
-
10
FTT Token Analysis: Founder, Bankruptcy Restructuring, and Token Value Outlook
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
