Major Sanction Incident: Iranian Crypto Exchange's Core Wallet Frozen by Top Stablecoin Issuers, Nearly $2.5 Million in Assets Locked

A core wallet address of Iranian crypto exchange Wallex was simultaneously frozen by Circle (USDC issuer) and Tether (USDT issuer). Prior to the freeze, the exchange attempted to consolidate assets onto BNB Chain via cross-chain bridges, but was unsuccessful. Approximately $2.49 million in assets are now stranded on-chain, highlighting significant compliance risks and asset security concerns.

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Japanese Yen Tumbles Past 159 per Dollar: Key Factors Driving the Surge

On March 24, the USD/JPY exchange rate surged past the 159 level, marking a 0.2% intraday gain. This movement highlights the widening monetary policy gap between the US and Japan, with the Fed's hawkish stance contrasting the BOJ's continued easing, putting sustained pressure on the yen. The shift may impact regional trade and capital flows.

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