On-chain detective ZachXBT pointed out that Circle unfroze a balance of 130,966 USDC in a wallet associated with Goated. Previously, Circle had frozen 16 hot wallets in response to U.S. civil litigation, a freezing decision that lacked basis and impacted the company's daily operations.

Gate News: On March 26, according to ZachXBT's disclosure, Circle froze USDC balances in 16 business-related hot wallets on March 25. The relevant entities stated that this action is related to a U.S. civil case with details not yet made public. ZachXBT stated that upon reviewing on-chain data, these addresses are involved in exchanges, gaming platforms, and forex businesses with no apparent connections to each other. The freeze has already impacted the operations of the related businesses.

Gate News reported that on March 25, according to Whale Alert monitoring, USDC Treasury newly minted 250 million USDC on the Solana chain.

Movement Network officially launched its native stablecoin USDCx on March 25, pegged 1:1 to USDC, featuring low transaction fees and no need for cross-chain bridges. USDCx supports cross-ecosystem liquidity and is designed for large-scale user applications, promoting development in DeFi and digital finance sectors.

Gate News bot message, a wallet associated with jez (@izebel_eth) deposited $550,000 USDC into HyperLiquid and established long positions in ETH with 20x leverage and TAO with 5x leverage.

Circle Internet Group's stock price plummeted 20%, losing $4.6 billion in market value, due to a draft Digital Asset Market Transparency Act that prohibits providing passive yields to stablecoin holders. Despite short-term impacts on application restrictions, analysts believe the bill will build a regulatory moat for Circle and optimize its business model. Additionally, Tether has committed to accepting audits to enhance transparency. USDC's future performance will influence market trends.

Tether and Circle have blacklisted the Ethereum hot wallet of Iranian exchange Wallex, freezing approximately $117,000 in USDT and USDC. Wallex transferred $2.49 million in assets to another BSC address hours before the freeze, suggesting coordinated compliance enforcement by stablecoin issuers. This incident reflects increasingly strict regulatory scrutiny of cryptocurrency platforms associated with Iran.

BlockBeats News: Whale "0x96d" deposited 2 million USDC to Hyperliquid, increasing HYPE holdings to 427,851, with unrealized gains of approximately 2.14 million USD. Simultaneously, new wallet "0xa58" invested 2 million USDC, purchasing 51,850 HYPE.

Two whale addresses invested a combined 4 million USDC into Hyperliquid on March 25, increasing their holdings of HYPE. One address increased its position to 427,851 HYPE tokens with unrealized gains of approximately 2.14 million USD; another new wallet similarly invested 2 million USD, purchasing 51,850 HYPE tokens.

BlockBeats News: On March 25, according to Onchain Lens monitoring, a newly created wallet deposited 2 million USDC to HyperLiquid and opened a CL short position with 5x leverage.