Morning Post - September 27

policy

▌Fed official Bostic: The Fed still has ways to control inflation

Federal Reserve official Bostic said financial markets will be volatile before inflation needs to be brought under control. The Fed still has a way to control inflation. Fed officials regularly discuss with their global counterparts.

Blockchain application

▌FITCHIN Launches Web3 Game Platform on Solana Blockchain

Web3 game ecosystem provider Fitchin announced the launch of a game platform on the Solana blockchain, allowing users to join game communities, participate in competitions, and purchase limited digital asset collections. Users can enjoy the advantages of Solana's low transaction fees, helping e-sports teams and fans in this new Connect more effectively and meaningfully in the age of technology. According to previous reports, FITCHIN completed a $3.5 million seed round of financing in July this year.

cryptocurrency

▌Hackersonce again obtained nearly $1 million worth of ETH through the "Vanity Address" vulnerability

A "0x9731F" hacker once again obtained nearly $1 million worth of ETH through the Ethereum "Vanity Address" vulnerability. It is reported that hackers used a tool called "Profanity" to generate Ethereum "fake address", which is very similar to the previous $160 million attack on market maker Wintermute. According to data disclosed by PeckShield, the hacker stole 732 ETHon September 25 , and then transferred the funds directly to Tornado Cash, a now-approved cryptocurrency mixer. However, the Profanity developers have taken steps to ensure that no one continues to use the tool after the attack, the relevant code has been left in a non-compilable state by the developers and not set to receive further updates, and the repository has been archived.

important economic developments

▌FedCollins: Inflation is likely to be close to a peak, or has already peaked

Fed Collins said that inflation is likely to be close to a peak, or has already peaked. My expectation is that economic growth in 2022 will be much slower. Our economic growth will also slow next year. (Slower economic growth) is part of what is needed to reduce inflation and moderately increase unemployment, but there is a lot of uncertainty at the moment.