News

"On-chain detective" ZachXBT revealed that Circle has blacklisted the Ethereum cUSDC contract of the privacy protocol Zama, freezing 12.6 million USDC. Neither Circle nor Zama has stated the reason yet.

On May 30, the International Energy Agency, International Monetary Fund, World Bank, and World Trade Organization issued a joint statement warning that conflicts in the Middle East are causing substantial and highly asymmetric impacts on global energy supply, food security, and economic activity. The statement noted that while the global economy still shows resilience, the rise in fuel and fertilizer prices, increased uncertainty, and livelihood risks due to the Middle East conflicts are hitting the most vulnerable countries harder. With some countries entering the planting season, the rise in fertilizer prices is particularly concerning. The statement emphasized the importance of closely monitoring fertilizer supply chains, energy and economic conditions, as well as policy responses. It also indicated that due to shipping disruptions in the Strait of Hormuz, global oil inventories are declining at a record pace. If shipping does not return to normal, global oil stocks will continue to decrease rapidly before the peak summer demand in the Northern Hemisphere, posing increasing risks to fuel security, market conditions, and economic resilience.

According to Odaily, US-listed Bitcoin treasury company Genius Group responded to NYSE American’s request for clarification on unusual market trading of its shares. Reportedly, the company’s stock price surged from $0.24 to $0.52 on May 27, a maximum intraday increase of 116%. Genius Group stated that there have been no undisclosed significant developments in its business or operations. Previously, it disclosed that the board had approved an AI treasury strategy, with plans to invest up to $100 million in the AGI Infinity portfolio involving SpaceX, OpenAI, and others. In addition, its first round of Bitcoin shareholder rewards has ended, and the second round will launch on June 1. The company has also requested US market monitoring company Shareholder Intelligence to conduct a special analysis of market trading while reserving the right to pursue legal action against any illegal or manipulative behavior. (Globenewswire)