Wu Shuo Zhou’s Selection: Top 10 News and Hot Articles, Interest Rate Hike, Wintermute Stolen, MS Buying Coins (0916-0923)

1. The Federal Reserve raised the target range of the federal funds rate by 75 basis points

On the 22nd, the Federal Reserve announced that it would raise the target range of the federal funds rate by 75 basis points to 3% to 3.25%, the third consecutive rate hike of 75 basis points, and the interest rate level rose to a new high since 2008. The Federal Reserve FOMC statement: Various indicators show moderate growth in spending and production, and reiterate that continued interest rate hikes are appropriate. U.S. stocks fell in the short term, and the three major U.S. stock indexes quickly turned down. The Federal Reserve said that employment has been strong in recent months and the unemployment rate is low. But inflation remains high, reflecting supply and demand imbalances related to the economy, rising food and energy prices, and broader price pressures. Russia's war on Ukraine is causing huge losses. The war and related events are putting pressure on inflation and global economic activity.

2. EIP-4895 proposal is ready to be deployed during the Ethereum Shanghai upgrade

EIP-4895 initiator @ralexstokes said that the proposal is ready to be deployed during the Ethereum Shanghai upgrade. The main content of EIP-4895 is to determine the main process of beacon chain withdrawals. After deployment, the Ethereum beacon chain staking withdrawal function will be activated.

3. MicroStrategy announced that it had purchased approximately 301 bitcoins for approximately $6 million in cash, with an average price of $19,851. MicroStrategy announced that it had purchased approximately 301 bitcoins for approximately $6 million in cash between August 2 and September 19, with an average price of $19,851. As of September 19, MicroStrateg held a total of 130,000 bitcoins, with an average purchase price of $30,639, and spent a total of $3.98 billion.

4. Progress of the Wintermute theft

5. Binance accounting system loophole leads to improper distribution of $20 million in HNT tokens

A vulnerability in Binance’s accounting system gave users the opportunity to incorrectly update HNT token balances, resulting in the misallocation of $20 million in HNT tokens. The Helium Foundation has issued a warning to Binance, saying: “We recommend that token holders suspend HNT and MOBILE deposits on Binance until a comprehensive update on the situation is provided.”

6. Security agency BlockSec claims that the EthereumPoW chain was attacked by replay, and EthereumPoW officials responded

Security agency BlockSec said that it detected that the attacker was replaying the message of the PoS chain on EthereumPoW. The root cause of the vulnerability was that the bridge did not correctly verify the actual chainid of the cross-chain message. The attacker first transferred 200 WETH through the omni bridge of the Gnosis chain, and then replayed the same message on the PoW chain to obtain an additional 200 ETHW. As a result, the balance of the chain contract deployed on the PoW chain will be exhausted. In response to the vulnerability detected by the security agency BlockSec, EthereumPoW officially responded that the original data of the two transactions were completely different, so this was not a chain-level transaction replay, but an attack using the contract vulnerability of the bridge. ETHW itself has enforced EIP-155, and there is no replay attack from ETHPoS to ETHPoS. The security engineers of ETHW Core have made security plans in advance. The official said that it has contacted the bridge in various ways and informed it of the risks.

7. South Korean prosecutors said Do Kwon had indirect evidence of fleeing and refused to cooperate with the prosecution investigation

South Korean prosecutors said on Sunday that there was "circumstantial evidence" that Do Kwon had fled since he traveled to Singapore, according to Yonhap News Agency. Other prosecutors sources said Do
Kwon did not cooperate with the prosecution's investigation and told prosecutors through his lawyer in August that he had no intention of appearing in court for questioning.

8. Biyin has issued approximately $238 million of IOU TOKEN, a “bond currency”

Statistics show that Biyin has issued approximately US$238 million of "bond coins" IOUTOKEN, including 8,400 IOUBTC, 31,900 IOUETH, 30 million IOUUSDT, 23.7 million IOU DOG E, and 21,900 IOUZEC.

9. Binance announces the establishment of a global advisory committee

Binance announced the establishment of a global advisory board, which includes former US Ambassador to China Max Baucus, South Korean Presidential Council Advisor HyungRin Bang, former French Finance Minister Bruno Bezard, former Brazilian Central Bank President Henrique de Campos Meirelles, and Nigeria's First Bank's first female chairman Ibukun Awosika. Binance said: The establishment of such a high-level global advisory board once again proves Binance's determination to establish a trusting cooperative relationship with regulators.

10. Opensea launches SeaDrop feature to support NFT projects to be launched and minted directly on the platform

Opensea has launched the SeaDrop feature, which supports NFT projects to be directly launched and minted on the platform. Opensea said that this feature is a new open source smart contract that can set up a whitelist and store this information in a decentralized manner; the Drops page can also set up minting schedules, countdowns, NFT galleries and other functions.