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On-chain investigator ZachXBT released a "Circle Inaction File" on the X platform, alleging that the stablecoin issuer Circle failed to freeze illicit funds in a timely manner during multiple major security incidents. These incidents include Drift Protocol (April 2026, $280 million lost), SwapNet (January 2026, $16 million lost), and Cetus Protocol (May 2025, $223 million lost), among others. Furthermore, similar delays or failures to execute freezes were observed in incidents involving Mango Markets, Nomad Bridge, the Ledger supply chain attack, and GMX.

In contrast, peers like Tether and Paxos responded more quickly in some of these cases. ZachXBT pointed out that despite Circle possessing freeze and blacklist capabilities and being subject to US regulation, it reacted slowly to numerous law enforcement and industry requests, leading to significant fund outflows. He emphasized that the statistics presented only cover major public events, and the actual scale of losses could be higher, raising questions about Circle's actual beneficiaries in its compliance execution.

[On-Chain Investigator ZachXBT Alleges Over $420 Million in Potential Losses Due to Circle's Inaction Since 2022]On-chain investigator ZachXBT released a "Circle Inaction File" on the X platform, alleging that the stablecoin issuer Circle failed to freeze illicit funds in a timely manner during multiple major security incidents. These incidents include Drift Protocol (April 2026, $280 million lost), SwapNet (January 2026, $16 million lost), and Cetus Protocol (May 2025, $223 million lost), among others. Furthermore, similar delays or failures to execute freezes were observed in incidents involving Mango Markets, Nomad Bridge, the Ledger supply chain attack, and GMX.

In contrast, peers like Tether and Paxos responded more quickly in some of these cases. ZachXBT pointed out that despite Circle possessing freeze and blacklist capabilities and being subject to US regulation, it reacted slowly to numerous law enforcement and industry requests, leading to significant fund outflows. He emphasized that the statistics presented only cover major public events, and the actual scale of losses could be higher, raising questions about Circle's actual beneficiaries in its compliance execution.

On-Chain Investigator ZachXBT Alleges Over $420 Million in Potential Losses Due to Circle's Inaction Since 2022

Decentralized email platform Dmail Network has announced its closure after five years of operation, citing high infrastructure costs, insufficient profitability, failed fundraising, and limited token utility as reasons. The platform stated that it will gradually cease all services starting May 15 and urged users to export their data before this date. The platform indicated that all nodes will be shut down after May 15, at which point users will no longer be able to access their emails and accounts.

[Decentralized Email Platform Dmail to Cease Operations on May 15]Decentralized email platform Dmail Network has announced its closure after five years of operation, citing high infrastructure costs, insufficient profitability, failed fundraising, and limited token utility as reasons. The platform stated that it will gradually cease all services starting May 15 and urged users to export their data before this date. The platform indicated that all nodes will be shut down after May 15, at which point users will no longer be able to access their emails and accounts.

Decentralized Email Platform Dmail to Cease Operations on May 15

As of April 3rd, market pricing indicates a decrease in expectations for Federal Reserve interest rate cuts in 2026. (Jinshi)

[Market Pricing Shows Reduced Bets on Fed Rate Cuts in 2026]As of April 3rd, market pricing indicates a decrease in expectations for Federal Reserve interest rate cuts in 2026. (Jinshi)

Market Pricing Shows Reduced Bets on Fed Rate Cuts in 2026

On April 3rd, White House National Economic Council Director Hassett stated that the United States is ready to export more products to Eastern markets. (Jinshe)

[White House NEC Director: US Ready to Export More to Eastern Markets]On April 3rd, White House National Economic Council Director Hassett stated that the United States is ready to export more products to Eastern markets. (Jinshe)

White House NEC Director: US Ready to Export More to Eastern Markets

On April 3, according to CME's "FedWatch": The probability of the Federal Reserve raising rates by 25 basis points in April is 0.5%, while the probability of keeping rates unchanged is 99.5%, both unchanged from before the announcement. The probability of the Fed cumulatively cutting rates by 25 basis points by June is 2.0% (down from 7.8% before the announcement), while the probability of maintaining rates is 97.5% (up from 91.7% before the announcement), and the probability of a cumulative rate hike of 25 basis points remains at 0.5% (unchanged from before the announcement).

[Probability of Fed Keeping Rates Unchanged in June Increases After Non-Farm Payrolls Released]On April 3, according to CME's "FedWatch": The probability of the Federal Reserve raising rates by 25 basis points in April is 0.5%, while the probability of keeping rates unchanged is 99.5%, both unchanged from before the announcement. The probability of the Fed cumulatively cutting rates by 25 basis points by June is 2.0% (down from 7.8% before the announcement), while the probability of maintaining rates is 97.5% (up from 91.7% before the announcement), and the probability of a cumulative rate hike of 25 basis points remains at 0.5% (unchanged from before the announcement).

Probability of Fed Keeping Rates Unchanged in June Increases After Non-Farm Payrolls Released

On April 3rd, the United States reported that the seasonally adjusted nonfarm payroll employment increased by 178,000 in March, surpassing the forecast of 60,000. (JIN10)

[US Nonfarm Payrolls Rise to 178,000 in March, Exceeding Expectations]On April 3rd, the United States reported that the seasonally adjusted nonfarm payroll employment increased by 178,000 in March, surpassing the forecast of 60,000. (JIN10)

US Nonfarm Payrolls Rise to 178,000 in March, Exceeding Expectations

On April 3rd, according to the AXIOS website, Iranian media and an informed source revealed that Iran shot down a US fighter jet. Search and rescue operations are currently underway to find the two crew members. This would be the first time a US jet fighter has been shot down by enemy fire since the start of the war in Iran. The US military and the White House have not yet responded to this incident. On Friday, Iranian state media released pictures and videos of what they claimed were parts of the crashed aircraft and one of its ejection seats. The photos and videos showed it to be an F-15 fighter jet.

[Iran Claims Downing US Fighter Jet]On April 3rd, according to the AXIOS website, Iranian media and an informed source revealed that Iran shot down a US fighter jet. Search and rescue operations are currently underway to find the two crew members. This would be the first time a US jet fighter has been shot down by enemy fire since the start of the war in Iran. The US military and the White House have not yet responded to this incident. On Friday, Iranian state media released pictures and videos of what they claimed were parts of the crashed aircraft and one of its ejection seats. The photos and videos showed it to be an F-15 fighter jet.

Iran Claims Downing US Fighter Jet

On April 3rd, according to CCTV News, it was learned on April 3rd local time that three large commercial vessels operated by Oman have recently successfully passed through the Strait of Hormuz. It is understood that this fleet consists of two Very Large Crude Carriers (VLCCs) and one Liquefied Natural Gas (LNG) carrier. According to relevant tracking data, these three ships have arrived off the coast of Muscat, Oman, and completed their port entry. Data shows that the two oil tankers were each carrying approximately 2 million barrels of crude oil, while the LNG carrier appeared to be empty. It is understood that all three vessels are managed by an Omani ship management company, but the company has not yet commented on this matter.

[Three Omani-flagged vessels pass through Strait of Hormuz]On April 3rd, according to CCTV News, it was learned on April 3rd local time that three large commercial vessels operated by Oman have recently successfully passed through the Strait of Hormuz. It is understood that this fleet consists of two Very Large Crude Carriers (VLCCs) and one Liquefied Natural Gas (LNG) carrier. According to relevant tracking data, these three ships have arrived off the coast of Muscat, Oman, and completed their port entry. Data shows that the two oil tankers were each carrying approximately 2 million barrels of crude oil, while the LNG carrier appeared to be empty. It is understood that all three vessels are managed by an Omani ship management company, but the company has not yet commented on this matter.

Three Omani-flagged vessels pass through Strait of Hormuz

On April 3rd, the US unemployment rate for March was reported at 4.3%, lower than the expected 4.4%. (Jinshe)

[US March Unemployment Rate at 4.3%, Below Expectations]On April 3rd, the US unemployment rate for March was reported at 4.3%, lower than the expected 4.4%. (Jinshe)

US March Unemployment Rate at 4.3%, Below Expectations

According to TechCrunch, Reddit chief product officer Pali Bhat revealed that over three million Redditors have used Reddit’s Vault blockchain wallet to create over three million crypto wallets to date. Most of those — 2.5 million — were created to purchase NFT avatars that can be used as profile pics on the platform, he said.

Detail

【Redditors have created millions of crypto wallets to buy NFT avatars】According to TechCrunch, Reddit chief product officer Pali Bhat revealed that over three million Redditors have used Reddit’s Vault blockchain wallet to create over three million crypto wallets to date. Most of those — 2.5 million — were created to purchase NFT avatars that can be used as profile pics on the platform, he said.

Redditors have created millions of crypto wallets to buy NFT avatars

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Redditors have created millions of crypto wallets to buy NFT avatars

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