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Circle fights Wisconsin case over frozen USDC linked to stolen tokens

Market News
09 Jul 2026
Unchained
View Source
Bearish
pluang ai news

Circle, the issuer of the USDC stablecoin, is contesting a criminal case in Wisconsin accusing it of failing to return 381,235 stolen USDC tokens to local authorities. The dispute arose after a scam victim's tokens were frozen by court order, but Circle argued it cannot invalidate and reissue tokens once they leave its control. The case highlights challenges law enforcement faces with cryptocurrency's anonymity and the technical limits of token recovery. Circle maintains it only freezes tokens when legally required and is working with federal prosecutors to compensate victims.

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Kaito leads Upbit's greed index with high trading volume despite flat price, signaling strong market interest.

Kaito leads Upbit's greed index with high trading volume despite flat price, signaling strong market interest.

Kaito (KAITO) topped Upbit's crypto 'fear and greed' index with a greed score of 77, showing strong trader interest despite its price closing flat at 988 KRW. The token saw high trading volume of about 51.56 billion KRW, indicating concentrated liqui...

Market News
Neutral
17 hours ago
USDC stablecoin surpasses $90 trillion in transaction volume, dominating 70% of H1 2026 market share.

USDC stablecoin surpasses $90 trillion in transaction volume, dominating 70% of H1 2026 market share.

USDC has processed over $90 trillion in cumulative on-chain transactions, marking a major milestone for the stablecoin since its 2018 launch. In the first half of 2026, USDC captured about 70% of adjusted stablecoin transaction volume, far outpacing ...

Protocol Fundamentals
Bullish
1 day ago
USDT leads stablecoin payments with $95B, while USDC dominates DeFi, signaling market specialization.

USDT leads stablecoin payments with $95B, while USDC dominates DeFi, signaling market specialization.

Recent data from Dune Analytics shows stablecoins USDT and USDC are specializing rather than competing directly. USDT dominates stablecoin payments with $95 billion in transactions, mainly through the Tron network, serving as a key tool for internati...

Market News
Bullish
1 day ago
UK probes £5M gift from Tether billionaire to politician Nigel Farage amid money laundering concerns

UK probes £5M gift from Tether billionaire to politician Nigel Farage amid money laundering concerns

Nigel Farage, UK Reform party leader, is under investigation after receiving a £5 million personal gift from Christopher Harborne, a billionaire linked to crypto firms Tether and Bitfinex. The gift, given before the 2024 UK general election, triggere...

Market News
Bearish
1 day ago
Polymarket enables instant Bitcoin deposits via Lightning Network, cutting wait from 60 minutes to under a second.

Polymarket enables instant Bitcoin deposits via Lightning Network, cutting wait from 60 minutes to under a second.

Polymarket, the largest prediction market, has upgraded its Bitcoin deposit system to use the Lightning Network powered by the Spark protocol, reducing deposit times from 10-60 minutes to under one second with near-zero fees. This change replaces the...

Protocol Fundamentals
Bullish
1 day ago
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