Zama founder: Court lifts temporary restraining order on cUSDC contract, operations have now returned to normal
Foresight News reports that Zama, the founder of the privacy protocol Zama, posted on social media that the freeze on Zama’s cUSDC contract has been lifted and all systems have returned to normal. Previously, a U.S. court, without prior notice, required Circle to temporarily freeze a protocol contract held by Zama containing 12.5 million US dollars in USDC. The court has now determined that the freeze was unreasonable and has revoked the Temporary Restraining Order (TRO), with Zama’s cUSDC contract and assets fully restored. This incident has not shaken their trust in USDC, and the team still plans to launch the cUSDC product later this month.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BTIG: Inflation Exceeds Expectations but U.S. Treasury Yields "Fail to Rise," the "Simultaneous Decline of Interest Rates and Nasdaq" May Be the Most Painful Trade
US investment bank BTIG stated on Wednesday that following the higher-than-expected inflation data, the bond market exhibited a typical "news failure," confirming that US Treasury yields have reached a tactical top.
Nvidia-backed AI cancer drug company Iambic (IAM.US) listed on Nasdaq: IPO priced at mid-range, raising 150 millions USD
AI anti-cancer drug company Iambic, backed by Nvidia, has been listed on Nasdaq, raising $150 million with a market capitalization of $758 million.
Caterpillar (CAT.US) has pulled back nearly 30% from its all-time high as high oil prices and the decline of the AI rally put pressure on industrial stocks.
Caterpillar's stock price is heading toward a decline of more than 30% from its historical peak. The combination of high crude oil prices, rising US Treasury yields, and the cooling of AI trading logic continues to put pressure on the entire industrial sector.
S&P 500 Enters Its Strongest Seasonal Window
Crypto prices
More
