Bybit Web3 24hr Market Update: CUDIS Surges 34% to the Top, CLIPPY Up by 31%

On September 17th, according to ChainNews, the hacker from Radiant Capital who exploited three August DeFi vulnerabilities to profit from all the ETH in the pools swept 13,650 ETH (valued at $61.4 million) from their address a few days ago by using tornado.cash. Today, in the past four hours, they further purchased 1,327 ETH with 6 million DAI at a price of $4,521 per ETH. After laundering the 13,650 ETH ($61.4 million), their address now holds remaining assets worth $42.18 million: 27.4 million DAI and 3,288 ETH ($14.78 million).

September 17th. According to Citigroup Research, historical data indicates that during the period around the first rate cut, the median performance of US stocks and bonds has been positive. Historically, stocks have witnessed a median increase of approximately 5% within 50 days following a rate cut. However, there is a downside risk in the event of a hard landing scenario. Bonds have also reaped the benefits of rate cut expectations and actual cuts, with yields typically reaching a low around the time of the first cut. The US Dollar Index has demonstrated a pattern of "weakness first and then sideways". It usually weakens prior to a rate cut and then enters a period of range-bound trading after the cut. Precious metals such as gold have shown a similar trend of rising before the onset of loose monetary policy. Nevertheless, their performance tends to flatten after actual rate cuts, resulting in a more range-bound trading pattern. Citigroup analysts stated that these historical patter

September 17th. According to Caixin, Liu Lei, the deputy governor of the People's Bank of China, disclosed at the 14th China Payment and Clearing Forum that there has been significant progress in the interconnection of cross-border QR code payments. Alipay and Ant Group's Ant International have become the first batch of institutions to participate in the pilot operation of cross-border QR code unified gateway services. Liu Lei emphasized that the systemic risk in the current payment industry is on the rise. The scale of cross-border fund flows is expanding and the frequency is accelerating, providing opportunities for cross-border money laundering, terrorist financing and other risks. Some overseas illegal platforms transfer funds through channels such as virtual currencies and underground banks, creating a "resonance" of risks at home and abroad, posing a challenge to China's foreign exchange management and financial security.

On September 17th, according to the report of CoinDesk, the New York Department of Financial Services has granted a Virtual Currency Business Activity License to Bullish US Operations LLC, enabling it to offer spot trading and custody services to institutions and high-net-worth traders in New York. The exchange platform is currently regulated in the United States, Germany, Hong Kong, and Gibraltar. It positions itself as an institutional-grade liquidity venue that integrates a central limit order book with automated market making. This licensed approval will facilitate its expansion in the US market.

On September 17th, as reported by Crypto in America, a meeting on Bitcoin Strategic Reserve Legislation was held in the U.S. Congress on the same day. Several Republican lawmakers, including Senators Ted Cruz and Marsha Blackburn, as well as industry representatives like MicroStrategy founder Michael Saylor, attended the meeting. The "BITCOIN Act" was reintroduced by Senator Cynthia Lummis in March of this year. The bill intends to designate Bitcoin as a national strategic reserve asset on an equal footing with gold and requires the U.S. government to acquire 1 million bitcoins within the next 5 years. Hailey Miller, the Policy Director of Digital Power Network, stated that there was a strong consensus among the attendees regarding the need for a strategic Bitcoin reserve, and the next step would be to integrate it into a broader policy framework. This proposal is a further development of the policy previously enacted by President Trump to prohibit the sale and seizure of Bitco