ChainCatcher message, the Safe team reviewed the security incident mentioned in the post-mortem report of Radiant Capital, noting that the Safe {Wallet} front-end functioned normally, but external devices were compromised during the signing process, allowing hackers to replace transaction data and trick signers into signing malicious transactions.The Safe team believes this incident highlights the risks of blind signing, where users approve transactions without fully viewing the transaction details, especially when using hardware wallets. To address this issue, Safe recommends using multiple signing devices from different vendors (for example, a combination of Ledger and Trezor) and connecting these devices through trusted interfaces to enhance transaction visibility and security.Additionally, Safe is exploring technologies like conditional signing to provide more contextual information without sacrificing security. The Safe team is considering directly calculating the Ledger hash in its interface so that users can verify the hash displayed on the hardware wallet and the interface. The Safe team emphasizes that all parties in the ecosystem need to collaborate to address the blind signing issue and is committed to working with hardware wallet providers and the community to improve transaction and message signing processes.

ChainCatcher message, Orderly Network responded to the "suspected Rug of IBXtrade" incident, stating: "We do not support IBXtrade or its tokens; any other insinuations are false. Orderly is investigating this situation and will take necessary steps to support the community. Meanwhile, we will cut off any future cooperation with IBXtrade."It is reported that earlier today, DeFi analyst Anon Vee posted on social media that multiple users reported that the Orderly Network ecosystem project IBXtrade is suspected of being a Rug. IBXtrade launched its presale 3 days ago, planning to raise 2000 SOL (approximately 3.2 million USD) and refund unselected presale participants. The presale ultimately oversubscribed to over 160,000 SOL (24 million USD), and participants originally expected the project to refund 21.8 million USD. However, the IBXtrade team created a poll on a website completely controlled by themselves, asking whether to increase the presale cap. The poll was ultimately passed, and IBXtrade claimed to have refunded 65,000 SOL (9.7 million USD) to presale participants, but in reality, the team merely sent these SOL to multiple addresses they created, and users reported not receiving refunds.

ChainCatcher news, according to Bloomberg, research firm Kaiko stated that the wash trading strategy used to enhance the value of the FBI-created token NexFundAI remains a common practice on decentralized exchanges (DEX) and can also be encountered on certain centralized exchanges.In a report on Thursday, Kaiko analysts indicated that their data shows that among over 200,000 assets on Ethereum DEX, many lack utility and are controlled by individuals; some token issuers are establishing short-term liquidity pools on the exchange Uniswap, controlling the liquidity in the pools and engaging in wash trading to attract other investors; once others enter, the issuers sell off the tokens, achieving returns of up to 22 times their initial Ethereum investment within about 10 days; this analysis reveals widespread fraudulent behavior among token issuers, extending beyond the scope of the FBI's NexFundAI investigation.Kaiko noted that certain centralized exchanges, such as HTX and Poloniex, also appear to have wash trading. According to Kaiko, these exchanges have the highest number of assets, with trading volume to liquidity ratios exceeding 100 times, which may be an indication of wash trading.Kaiko also stated, "We can also see that tokens such as meme coins, privacy coins, and low market cap altcoins often exhibit abnormally high trading volume to depth ratios." Taking the meme coin Pepe as an example, Kaiko found that "in 2024, there is a significant divergence in trading volume trends between HTX and other platforms. The PEPE trading volume on HTX remains high, even increasing in July, while the trading volume on most other exchanges has declined."

ChainCatcher message, regarding Zhu Su's previous post involving Arthur Hayes, Arthur Hayes responded to Zhu Su saying: "The only true information in your post is that both of us worked at Deutsche Bank. When you are ready to cooperate with the BVI liquidators, please do so as soon as possible and stop making creditors pay legal fees. BitMEX will accept the court's decision as appropriate, but I will not engage in backdoor dealings as you did with CoinFlex, Hodlenaught, Ox, etc."It is reported that Zhu Su previously stated that most of the work he did was for Arthur Hayes, and that the two worked together at the same bank counter at Deutsche Bank in Hong Kong, possibly having two or three dozen close mutual friends. Zhu Su claimed to have provided many collaboration opportunities to Arthur Hayes, leading many creditors who incurred losses to seize these opportunities. Earlier this year, after Arthur Hayes indicated that this affected his ability to conduct business, Zhu Su withdrew the Expedited Protection Order against Arthur Hayes.

ChainCatcher news, according to SBS, the Seoul District Court in South Korea sentenced Park Byung-gon, the main person responsible for the Ado International investment recruitment plan, to 5 years in prison. Park Byung-gon was accused of carrying out a fraud scheme worth 400 billion won (approximately 294 million USD) through virtual assets.

ChainCatcher message, regarding "Morpho lost about $230,000 due to oracle configuration errors," Morpho responded in a post on X stating: "The protocol provides permissionless infrastructure, creating an open market for risk curation. While errors may occasionally occur in risk management, the underlying protocol remains secure and resilient. We will continue to equip curators with powerful tools to reduce the likelihood and impact of such occurrences."

ChainCatcher news, according to Fox News, former U.S. President Trump stated that Musk wants to create a new position called "Chief Cost-Cutting Officer" to be responsible for cost reduction.

ChainCatcher message, Mempool recently clarified some FUD on platform X: "The Mempool open-source project does not support 'ord' daemon integration, and mempool.space only displays data contained in the Bitcoin mempool, blockchain, and Lightning Network.This means that if users search for a transaction containing Ordinals, inscriptions, or runes, this data will be visible in mempool.space, just as it exists on the Bitcoin blockchain.We only support Bitcoin and do not support shitcoins, but if it is in the mempool or blockchain, it will be visible in mempool.space. Because displaying the blockchain (data) is essentially the role of a Bitcoin explorer."

ChainCatcher news, in response to crypto detective ZachXBT questioning why Neiro initially chose the notoriously poor-reputed Gotbit as a market maker, Neiro's CTO co-leader "S" stated that when Sun Yuchen's tweet announced its listing on HTX, there was actually only a few hours to find one, making time tight. The choice of Gotbit was partly because at that time the market maker offered a retention agreement, which was the most affordable option so far, and partly because the project viewed it as a quick solution for the HTX listing (the agreement with Gotbit was for 3 months), with plans to explore other options when the budget allowed. Additionally, there was a lack of judgment experience in the industry; although they had heard various bad things about Gotbit, they had also heard bad things about almost everyone in the industry, making it difficult to make a judgment."S" also stated: "I had not had direct contact with Gotbit before, so I chose to trust them and gave them a chance. Gotbit also marketed itself as a 'meme coin friendly' market maker, which seemed like an attractive proposition.""S" concluded: "But ultimately, I take full responsibility for this; I should have been more careful. I am deeply pained by this outcome and have paid a huge price for it. At the same time, it has given us a tremendous learning opportunity, forcing us to fundamentally improve the project by collaborating with better and more market makers to reduce counterparty risk and upgrade the market for Neiro trading."Previous news, on-chain detective ZachXBT stated that Neiro should perhaps explain to the community why they initially chose Gotbit, as their reputation has always been poor, and before the U.S. government accused them of fraud and market manipulation this week, there was substantial evidence indicating Gotbit's involvement in price manipulation.

The U.S. Securities and Exchange Commission (SEC) has sued Cumberland DRW, claiming it operates as an unregistered securities dealer. According to the SEC's filing, since March 2018, Cumberland has been trading crypto assets as securities for its proprietary accounts as an unregistered dealer.In response, Cumberland DRW announced on the X platform that the SEC believes some of our trades involving certain crypto assets are securities transactions. We took this step in 2019 by acquiring a registered broker-dealer. Until then—despite Chairman Gensler's calls to "come in and register"—we were only informed that we could trade BTC or ETH (both commodities, not under SEC jurisdiction) through our broker-dealer.Cumberland DRW stated that the SEC's action will not change its business operations or the assets it provides liquidity for. The court's allegations against DRW are "merely based on a 'flat earth' conviction." This time, the SEC's approach seems to be a game of "Catch-22," where the ability to "come in and register" is just a mirage. We are ready to defend ourselves again.

ChainCatcher news, "Fed mouthpiece" Nick Timiraos stated that at last month's meeting, there was a divergence among Federal Reserve officials regarding the magnitude of interest rate cuts. The vast majority supported a larger cut of 50 basis points, which was ultimately approved, while others favored a smaller cut of 25 basis points.The released minutes revealed discussions on why officials chose to start with a bolder 50 basis point cut, marking the first rate reduction since 2020. The decision to lower the rate to a range of 4.75% to 5% was supported by 11 of the 12 members of the Federal Reserve's rate-setting committee. One policymaker opposed this decision, advocating for a smaller reduction.The minutes stated that those in favor of a larger cut "generally believed that this adjustment in monetary policy stance would begin to better align it with recent inflation and labor market indicators." Some of these officials felt that a 25 basis point cut at the last meeting at the end of July was "reasonable," and recent data only confirmed the rationale for the rate cut.

ChainCatcher news, Coinbase has requested the judge's approval to file an interlocutory appeal in its lawsuit against the SEC, due to the SEC's recent appeal of the ruling in the Ripple case. Coinbase hopes that by filing the appeal simultaneously, the Second Circuit Court will have a comprehensive understanding of the case. The exchange aims to review the applicability of the "Howey Test" in digital assets, which is the traditional standard for determining securities. Although the SEC has requested to dismiss Coinbase's appeal, the judge has not yet ruled on this matter.Industry experts indicate that the SEC's appeal in the Ripple case strengthens Coinbase's argument, suggesting that this is a prudent move.

ChainCatcher news, according to The Information, two years ago, the behind-the-scenes giants of the U.S. financial market launched the Wall Street blockchain project "Project Ion." The project aims to revolutionize the way stock trading settlements are conducted using blockchain technology, including cash settlement and obtaining stock certificates.Well-known companies such as JPMorgan and Robinhood were involved, but ultimately the project failed to gain widespread adoption and quietly ended at the end of last year.

ChainCatcher news, Federal Reserve Governor Bowman stated, "We are not responsible for ensuring that every bank continues to exist." (Jin Ten)

ChainCatcher news, according to FOX Business, U.S. Senator Tim Scott criticized SEC Chairman Gary Gensler for delaying the scheduled Senate Banking Committee hearing.Scott stated that Gensler's regulatory agenda is detrimental to the U.S. economy, increasing burdens on businesses, reducing opportunities for capital acquisition, and harming the interests of American retirement savers. Republican lawmakers have introduced the Empowering Main Street in America Act, which requires the SEC chairman to testify before Congress twice a year to enhance transparency and accountability.

ChainCatcher news, according to Xinhua News Agency, the Central Committee of the Communist Party of China and the State Council issued opinions on implementing a priority employment strategy to promote high-quality and full employment. The opinions propose to prevent and resolve major risks. Establish and improve a statistical monitoring system for high-quality and full employment, establish an employment position survey system, and conduct assessments of high-quality and full employment in a timely manner. Improve the mechanism for preventing and resolving large-scale unemployment risks, strengthen monitoring and early warning, policy reserves, and emergency response. In areas with conditions, employment risk reserve funds may be established to properly respond to major risks in the employment sector. Actively respond to the impact of the rapid development of emerging technologies such as artificial intelligence on employment.

ChainCatcher news, stablecoin research company Bluechip posted on the X platform that for every 50 basis points the Federal Reserve cuts interest rates, Tether's annual revenue decreases by $488 million, and Circle's annual revenue decreases by $144 million. As the Federal Reserve lowers interest rates, the earnings that stablecoin issuers receive from U.S. Treasury bonds decline, which may force them to make riskier investments to compensate for the loss of income.In addition, according to screenshots shared by Bluechip, as of September 22, Circle and Tether hold over $125 billion in U.S. Treasury bonds.