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U.S. Treasury Secretary Scott Basset recently publicly criticized Coinbase on Fox News as a "stubborn participant" for opposing the CLARITY Act. Basset emphasized the necessity of passing the CLARITY Act multiple times during last week's Senate Banking Committee hearing, using strong language against the opponents.It is reported that the CLARITY Act aims to clarify the regulatory division of cryptocurrency assets, with the SEC and CFTC overseeing different areas. However, Coinbase is concerned that it may restrict business models such as stablecoin rewards, leading to divisions within the industry.

According to monitoring by Hyperinsight, the BTC main long address starting with 0x4b6 has continuously faced liquidations in the past two hours, with a total amount reaching 11.46 million USD, among which the largest single liquidation amount was 3.08 million USD, making it the second largest single liquidation scale on the entire network in the past 6 hours.Since opening a long position with a principal of 1.7 million USD on January 19, the address has been continuously "holding the position," and its account funds have now fallen below 100,000 USD. Currently, the 40x leveraged BTC long position has been liquidated by 158 BTC (approximately 11.22 million USD), leaving a remaining position size of only 3.98 million USD, with an unrealized loss of 490,000 USD, resulting in a loss rate of -492%, and it is only 0.54% away from the next liquidation price (70,574 USD). The 25x leveraged ETH long position it holds has also nearly gone to zero in this round of liquidation, with an unrealized loss previously reaching -1134%, equivalent to more than 11 times the principal of the position.

According to Jin Ten, Federal Reserve's Bostic stated that two rate cuts are not the baseline scenario and expects inflation to persist stubbornly.

GoPlus Chinese community analyzes the principle of the attack on the decentralized options protocol Ribbon Finance in a social media post.The attacker upgraded the price oracle contract to a malicious implementation contract through the address 0x657CDE, and then set the expiration time for four tokens: stETH, Aave, PAXG, and LINK to December 12, 2025, 16:00:00 (UTC+8) and manipulated the expiration prices, exploiting the incorrect prices to profit from the attack.It is worth noting that when the project party's contract was created, the _transferOwnership status value of the attack address was already set to true, allowing it to pass the contract security checks. Analysis shows that this attack address may have originally been one of the project party's management addresses, which was later controlled by hackers through social engineering attacks and other means to carry out this attack.

GoPlus Chinese community analyzes the principle of the attack on the decentralized options protocol Ribbon Finance in a social media post.The attacker upgraded the price oracle contract to a malicious implementation contract through the address 0x657CDE, and then set the expiration time of four tokens: stETH, Aave, PAXG, and LINK to December 12, 2025, 16:00:00 (UTC+8) and manipulated the expiration prices, profiting from the exploitation of the erroneous prices.It is noteworthy that when the project party's contract was created, the _transferOwnership status value of the attack address had already been set to true, allowing it to pass the contract security checks. Analysis shows that this attack address was likely one of the project party's management addresses, which was later controlled by hackers through social engineering attacks and other means to carry out this attack.

Aevo officially stated that due to a vulnerability in the smart contract update, the old Ribbon DOV vault was attacked, resulting in a loss of approximately 2.7 million dollars.The Aevo platform was not affected and will continue to operate normally. All Ribbon vaults have been suspended and will be deactivated immediately, with the vaults losing about 32% of their total assets due to the attack. Users are advised to follow the standard withdrawal process to retrieve their funds, which will require a contract upgrade. The upgrade will be launched next week (further notice will be provided).The claims window will be open for six months, after which the DAO will liquidate all remaining assets and distribute them to users who previously withdrew, with compensation amounts up to 19% of the missing funds or the remaining available amount.

ChainCatcher news, SMBC Nikko Securities Chief Economist Joseph Lavorgna wrote that recent inflation and labor cost data have raised questions about the wisdom of the Federal Reserve's interest rate cut today.He pointed out that the data released today showed that unit labor costs increased by 3.4% over the past four quarters ending in September, while the core services inflation rate in the third quarter rose by 4.4% year-on-year, well above the Federal Reserve's overall inflation target of 2%. "This makes us wonder why the Federal Reserve is so bold in cutting rates this month," Lavorgna wrote. "Isn't it more prudent to wait and see how the labor market evolves after the hurricane and the Boeing workers' strike? What harm would there be in waiting for clearer data before making a rate cut at next month's meeting?" (Jin Shi)

ChainCatcher message, Federal Reserve Chairman Powell stated: "We have not set any fixed path for interest rates and will make decisions in a series of meetings. If the economy remains strong and inflation remains stubborn, we may adjust policy more slowly. If appropriate, we can accelerate or slow down the pace of rate cuts, or even choose to pause rate cuts."

ChainCatcher news, according to 4E Exchange observation, the year-on-year growth rate of the U.S. CPI in August fell to 2.5%, marking a decline for the fifth consecutive month, but the core CPI rose 0.3% month-on-month, exceeding expectations. The market has lowered its expectations for a 50 basis point rate cut by the Federal Reserve next week, with the likelihood of a 25 basis point cut rising to 85%.After the data was released, U.S. stocks experienced a V-shaped rebound following an initial drop at the open, with all three major indices closing higher. The Dow Jones increased slightly by 0.31%, the Nasdaq rose by 2.17%, and the S&P 500 index gained 1.07%. Tech stocks led the rebound, with Nvidia rising over 8%. In the foreign exchange and commodities markets, the U.S. dollar index surged, putting pressure on non-U.S. currencies, while gold experienced significant volatility.CPI data indicates that the Federal Reserve is approaching its 2% target, a change that will support future rate cuts, benefiting risk assets and supporting the long-term rise of U.S. stocks and cryptocurrency assets like Bitcoin. However, the Fed's focus on core inflation may lead to a more cautious monetary policy, limiting the short-term upside potential for the market.4E Exchange is a financial trading platform supporting assets such as cryptocurrencies, stock indices, commodity gold, and foreign exchange, and is a platinum sponsor for Token2049 in 2024. 4E reminds you to be aware of market volatility risks and to allocate assets wisely.

ChainCatcher news, according to on-chain analyst @ali_charts monitoring, the Bitcoin Hash Ribbon indicator shows that the miner "surrender" has ended, indicating that the momentum of Bitcoin price will turn from negative to positive.

According to ChainCatcher news, as per Bitget market data, on July 22, the leading sectors were Arbitrum ecosystem, Solana ecosystem, and Bot sector, with BBO having a 24-hour increase of 65.95%, SILLY a 24-hour increase of 18.3%, and UNIBOT a 24-hour increase of 2.58%.As of the time of writing, the top three coins in the real-time increase ranking are BBO, CWIF, and AIT.

ChainCatcher news, according to Bitget market data, on June 17, the leading sectors were Arbitrum ecosystem, GameFi, and innovation zone, among which BBO had a 24-hour increase of 233.33%, SIN had a 24-hour increase of 5.12%, and 3TH had a 24-hour increase of 135%.As of the time of writing, the top three cryptocurrencies in the real-time increase ranking are BBO, 3TH, and ZKPEPE.

ChainCatcher news, according to Bitget market data, on June 3rd, the leading sectors were inscriptions, Arbitrum, and the metaverse sector, among which EFIL had a 24-hour increase of 143%, BBO had a 24-hour increase of 8.39%, and ALICE had a 24-hour increase of 43.32%.As of the time of writing, the top three cryptocurrencies in the real-time increase ranking are GME (24-hour increase of 227%), EFIL, and FISH.

ChainCatcher message, Arkham data shows that about 50 minutes ago, the Vesting Escrow allocation contract of Ribbon Finance transferred 313.7 million RBN (approximately 480 million USD) to the multi-signature contract address of Ribbon Finance. The multi-signature contract address of Ribbon Finance transferred 30 million RBN (approximately 45.9 million USD) to the AEVO staking contract address.

According to ChainCatcher news, Binance Labs announced 12 incubation projects for Season 6, including:One-click headquarters deployment framework Vistara;Multi-chain platform based on MPC and AA wallet technology UXUY;Perpetual decentralized exchange on Linea BBOX;Decentralized structured derivatives ecosystem based on zkSync Derivio;Derivative infrastructure provider that converts ETH into crypto-native stablecoins Ethena;Chain-agnostic order flow aggregator and smart liquidity router Shogun;AI-based Web3 chatbot platform MyShell;AI-based Prompt-UGC platform NFPrompt;AI-based Web3 knowledge sharing and search platform QnA3;Ethereum-based autonomous life simulation strategy game Cellula;Learning and earning platform focused on blockchain and crypto themes Crypto Café;Web3 native large-scale multiplayer online role-playing game home MetaCene.

ChainCatcher message, the on-chain structured product Ribbon Finance announced on social media that it will eliminate fees for Ribbon Earn Vaults starting today.

ChainCatcher news, the proposal for Ribbon Finance to merge into Aevo has been voted through on Snapshot by the Ribbon Finance community. Previously, Ribbon Finance announced a new governance proposal to merge Ribbon Finance into Aevo and designate Aevo as the sole brand name. Additionally, it plans to abolish the original token RBN and launch a new token AEVO. In the future, Ribbon's products will be integrated into Aevo's structured product suite, and the original RBN tokens will be exchanged for AEVO at a 1:1 ratio. (Source link)

ChainCatcher news, Ribbon Finance announced a new governance proposal RGP-33, planning to merge Ribbon Finance into its derivatives trading platform Aevo and designate Aevo as the sole brand name, restructuring governance and token economics. Ribbon Finance plans to abolish the original token RBN and launch a new token AEVO. In the future, Ribbon's products will be integrated into Aevo's structured product suite, and the original RBN and veRBN tokens will also be exchanged for AEVO at a 1:1 ratio.