Daily News | SlowMist Reminds Crypto Users to Upgrade Their Operating Systems; Bitcoin ETFS Are Expected to Be Heavily Invested in the Future

2023-10-02, 05:36

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##Crypto Daily Express: Slow Mist Reminds Users to Upgrade Their Operating System; 7 Tokens Will Be Unlocked This Week

23pds, the  Chief Information Security Officer of SlowMist, posted on the X platform asking cryptocurrency users to upgrade their operating systems as soon as possible, whether they are iOS, Chrome browsers, Android and so on,  to deal with the potential security vulnerabilities.
 
Recently, the Google Threat Analysis Team disclosed an attack chain that can exploit iPhone vulnerabilities in the wild. Specifically, it involves man-in-the-middle (MITM) that attacks the vulnerabilities via Safari browser, or involves Android MITM directly that sends attacks to a one-time <a href="/vi/price/link-ln" target="_blank" class="blog_inner_link">LINK</a> to obtain Chrome initial renderer remote code, and then start the attack.  The attack is organized skillfully and is able to do great damage, so the team urges users to conduct a timely upgrade of hardware operating systems to prevent potential risks.
 
Anthony Scaramucci, founder of Skybridge Capital, stated his optimistic view on the prospect of <a href="/vi/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> at the Messari Mainnet Conference. He stressed that a Bitcoin ETF will be an indispensable product of every Wall Street firm in the future, and trade of Bitcoin ETF will be part of the services of those firms. He predicted: “BTC will enter a major bullish run in the next 10 to 20 years.” He believed that the young generation would have the power to  “make BTC become a mainstream asset.”, just like how his generation became the driving force to “mainstream the internet.”
 
However, Anthony also warned about the existence of many headwinds in the macro environment, including hiking interest rates, a law enforcement-focused Securities and Exchange Commission (SEC) chairman, and the negative mood surrounding cryptocurrency adoption. Despite all this, he remains optimistic about the future of Bitcoin, saying: “As social wealth grows, digital assets (most likely Bitcoin) will replace other assets to be a part of the asset portfolio of people.” As a long-term BTC supporter, he reiterated his view that  "Bitcoin is better than gold."
 
According to the Hong Kong Police Force, the station has been informed of a total of 769  romance scams between January and July this year, most of which were organized by criminal gangs in Southeast Asia who tricked victims into investing in cryptos after falsely establishing romantic relationships with them. The victims' losses amounted to HK$407.8 million (approximately US$52 million), and the number of reported romances scams this year is likely to double that of 2021.  In 2021, there was a total of 642 romance scams reported, three times the number in 2020 (181 cases).
 
 According to Token Unlocks, 7 tokens will be unlocked from September 25 to October 1, including ACA, GAL, YGG, AGIX, EUL, OP, and 1INCH.
 
At 8:00 on September 25, Acala will unlock 4.66 million ACAs (approximately valued at $220,000), accounting for 0.58% of the circulation supply;
 
At 20:00 on September 27, Galxe will lock 586,700 GAL (approximately valued at  $770,000), accounting for 1.26% of the circulation supply;
 
At 22:00 on September 27, Yield Guild Games will unlock 12.42 million YGG (approximately valued at $2.56 million), accounting for 6.71% of the circulation supply;
 
At 8:00 on September 28, SingularityNET will unlock 9.69 million AGIX (approximately valued at $1.72 million), accounting for 0.79% of the circulation supply;
 
At 8:14 on September 28, Euler will unlock 153,020 EUL (approximately valued at $410,000), accounting for 0.82% of the circulation supply;
 
At 12:00 on September 30, <a href="/vi/price/optimism-op" target="_blank" class="blog_inner_link">Optimism</a> will unlock 24.16 million OP (approximately valued at  $30.92 million), accounting for 3.03% of the circulation supply;
 
At 16:00 on October 1, <a href="/vi/price/1inch-1inch" target="_blank" class="blog_inner_link">1inch</a> will unlock 15,000 1INCH (approximately valued at  $3,880).

##Macro: The U.S. Government Shutdown Will Cause Delay in Economic Data Release; Powell Will Deliver a Speech This Friday

A new week has begun. First, let’s see what big events are scheduled for this week:
 
At 20:30 this Friday (September 29), the Federal Reserve will release its most-concerned economic data (All data below are effective at 20:30 that day): The annual rate of the US core PCE price index in August (previous value: 4.20%; market expectation: 3.90%); The monthly rate of the US core PCE price index in August (previous value: 0.20%; market expectation: 0.20%); The continuous surge in energy prices may drive the overall PCE price to hike. The general expectation is that the PCE price index will increase by 3.5% year-on-year in August, 3.3% up from the previous. The core PCE price index is expected to maintain a 0.2% growth month-on-month. But the recovery in energy prices isn't the only issue that concerns the Fed. The highly active consuming market gives another reason for policymakers to further hike interest rates.
 
Due to the vigorous labor market, a rise is expected in personal income data, which has the potential to achieve a 0.5% growth, up from the previous 0.2%. However, with the end of the summer vacation,  the expenditure is likely to shrink, which is expected to drag the data from 0.8% to 0.4%. If either personal spending or core PCE data rises unconventionally, it will provide cause for the FED to hike the rate, which will further push up Treasury yields and the dollar.
 
At 04:00 this Friday (September 29),  Federal Reserve Chairman Powell will deliver a speech. Powell’s speech follows closely the Fed's announcement of an interest rate hike last week, which has caused violent fluctuations in global markets. In the speech, Powell is expected to express his views on the dot plot and explain the reason why his colleagues believe interest rates will remain high for a long time.
 
Finally, let’s take a look at the progress of the two parties’ negotiations on widely-concerned spending bills.  According to forecast data, the probability that the U.S. government will face another shutdown is as high as 50%. And the possibility will turn into reality if Congress cannot reach an agreement by midnight on September 30.  In that case, not only will the normal order of financial markets be disrupted, but also a series of important economic data will not be available in time, including September non-farm employment, PPI and CPI, and U.S. third-quarter GDP. The absence of those data will pose additional challenges to the Fed's work.
 
It is hard to estimate the duration of the government’s closure, which actually depends on when the divergence can be settled in Congress, which is composed of the Democratic-controlled Senate and the Republican-led House of Representatives. In a recent report, Goldman Sachs expects the stoppage to last two to three weeks and is at the highest possible of being a bi-weekly thing. However, according to Moody, the government will remain paralyzed throughout the entire fourth quarter, surpassing the previous 35 days’ shutdown to make a new record. If this is the case, fourth-quarter GDP will fall by 1.2%.
 
Here is a summary of the possible reason for U.S. government’s shutdown, as well as the impact of the shutdown. 
 
1、The U.S. government is shut down because Congress fails to reach an agreement on the budget for the next fiscal year.
 
2、 There are mixed reactions to U.S. government’s shutdown. Supporters regard it as a force to drive  Congress to pass a more conservative budget. In contrast, opponents believe the action is harmful, starting it will disrupt the normal operation of administrative services, leaving many Americans in financial trouble. 
 
3、The U.S. government shutdown may have a negative impact on the stock market, as investors may step back, worrying about possible service interruptions or consumption power weakening as many workers are furloughed during the shutdown.
 
4、It is difficult to predict how long the government shutdown will last, which actually depends on when the congress can reach an agreement on a budget.

<div class="blog-details-info">
<div>Author:**Peter L.**, Gate.io Researcher
<div>Translator: Sally Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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