News

According to ChainCatcher, as reported by Cointelegraph, stablecoin issuer Circle faces a class action lawsuit in the United States District Court for the District of Massachusetts for failing to freeze funds stolen in the attack on Drift Protocol.

(1) Chef José Andrés, founder of World Central Kitchen, has warned that supply disruptions of fertilizers caused by the US and Israel's war with Iran could trigger a global food crisis lasting for years. Tensions in the Strait of Hormuz have already driven up energy prices and disrupted global trade. This vital route not only accounts for around 20% of the world’s crude oil exports, but is also crucial for the transportation of nitrogen-based fertilizers.(2) Andrés stated that delays in fertilizer deliveries may lead to missed critical planting windows, which would reduce subsequent harvest yields and set off a chain reaction of lower output and rising food prices. He predicts a significant increase in global famine by autumn 2026 and into 2027. Additionally, the shutdown of several fertilizer plants in the Gulf region has further tightened supply, while nitrogen fertilizers support about half of the world’s food production.(3) Poorer countries—such as Haiti—will bear the brunt of these impacts, Andrés added, suggesting that governments should allocate part of their budgets to food security. A United Nations Development Programme report estimates that as many as 32 million people in 162 countries could fall into poverty due to the economic impacts of the war, with countries reliant on imports facing the greatest pressures. Certain areas of Asia, sub-Saharan Africa, and small island nations are expected to shoulder the heaviest burden.

1. Drift: With support from Tether and others, plans to establish a $147.5 million recovery fund for user compensation; 2. Iranian media: Iran plans for transit fees on the Strait of Hormuz to be paid via Iranian banks; 3. Claude Opus 4.7 is now available; 4. CertiK: Rhea Finance suffered a $7.6 million loss due to an attack; 5. Uniswap developer platform officially launched; 6. Kalshi regulatory dispute escalates and may ultimately be brought to the U.S. Supreme Court; 7. Sources: The U.S. and Iran have lowered ambitions for a comprehensive peace deal and are now seeking a temporary agreement; 8. Charles Schwab officially launches spot cryptocurrency trading services; 9. Hyperbridge: Loss estimate due to a vulnerability revised upward from $237,000 to $2.5 million; part of the funds have been moved to an exchange; 10. Bless project team has transferred 300 million BLESS tokens, with 200 million entering a CEX and 100 million sold on BSC.