Stablecoin protocol Reflect has announced an independent voluntary recovery plan for USDC+ position holders affected by the April hack on Drift (now Velocity). The plan provides a 180-day window for holders to sell their positions to Palindrome Engineering at a price of 0.20 USDC + 80 Reflect Credit (RC) per unit, settled entirely on-chain. Participation requires waiving claims against Drift in exchange for immediate deterministic liquidity, while non-participants may still support Drift's DFX recovery channel. The plan is fully prefunded by Palindrome and independent from Drift's own recovery process.

稳定币协议 Reflect 宣布为受 Drift（现 Velocity）4 月黑客事件影响的 USDC+ 仓位持有者启动独立自愿恢复计划。该计划由 Palindrome Engineering 提供资金，以每单位 0.20 USDC + 80 Reflect Credit 的价格回购受损仓位，窗口期为 180 天。参与即放弃对 Drift 的追索权以换取即时流动性，不参与者仍可等待 Drift 的 DFX 恢复通道。

Stablecoin protocol Reflect has announced an independent voluntary recovery plan for USDC+ position holders affected by the April hack of Drift (now Velocity). The plan, funded upfront by Palindrome Engineering, offers a 180-day window for holders to sell their positions on-chain at 0.20 USDC + 80 Reflect Credit (RC) per unit in exchange for immediate liquidity. Participation requires waiving claims against Drift; non-participants can still support Drift's DFX recovery channel.

稳定币协议 Reflect 宣布启动一项独立自愿恢复计划，专门针对 4 月 Drift（现 Velocity）黑客事件中的 USDC+ 仓位持有者。该计划由 Palindrome Engineering 预先拨付资金，在 180 天窗口期内，持有者可将其仓位以每单位 0.20 USDC + 80 Reflect Credit (RC) 的价格出售，完全链上结算。参与此计划意味着放弃对 Drift 的追索权，以换取即时流动性。该恢复进程与 Drift 的官方 DFX 恢复通道完全独立，为受影响用户提供了另一种选择。

Stablecoin protocol Reflect has announced an independent voluntary recovery plan for USDC+ position holders affected by the April hack of Drift (now Velocity). The plan provides a 180-day window for holders to sell their positions to Palindrome Engineering at 0.20 USDC + 80 Reflect Credit (RC) per unit, with fully on-chain settlement. Palindrome has pre-funded the plan, making it completely independent from Drift's own recovery process. Participants forfeit all claims against Drift in exchange for immediate liquidity; non-participants may still pursue the Drift DFX recovery channel.

Stablecoin protocol Reflect has announced an independent voluntary recovery plan for USDC+ position holders affected by the April hack of Drift (now Velocity). Backed by Palindrome Engineering with pre-funded capital, the plan offers a 180-day window for holders to sell their positions at 0.20 USDC plus 80 Reflect Credit (RC) per unit, settled entirely on-chain. Participants waive claims against Drift in exchange for immediate deterministic liquidity, while non-participants can still support Drift's DFX recovery channel. This initiative provides two clear paths for affected USDC+ users and showcases innovative post-incident recovery mechanisms within DeFi.

Stablecoin protocol Reflect announces an independent voluntary recovery plan for USDC+ position holders affected by the April hack of Drift (now Velocity). The plan offers a 180-day window, allowing holders to sell their positions to Palindrome Engineering at 0.20 USDC + 80 Reflect Credit (RC) per unit, with full on-chain settlement. Participants must waive claims on Drift in exchange for immediate liquidity; non-participants can still support Drift's DFX recovery channel. Palindrome has pre-funded the plan, which is completely independent of Drift's own recovery process.

Bitcoin has slipped below the $60,000 mark amid sustained institutional outflows and bearish short-term sentiment. However, on-chain data reveals a contrasting picture: long-term holders and wallets of various types are gradually accumulating coins, with the number of coins in loss exceeding those in profit, signaling a shift of supply to strong hands. The options market shows a defensive stance with rising implied volatility (IV), indicating uncertainty but not yet a clear directional bias. The overall picture points to an early bottoming phase, though confirmation remains pending.