GuShiio.com OTC groups and Crypto payment companies will usher in a large-scale freeze after 1.Bitrace:Bybit is stolen.
Bitrace warned that there will be a massive freeze on OTC groups and Crypto payment companies in the months ahead of the theft of Bybit. A large number of stolen funds have been converted into BTC, DOGE, SOL and other layer1 tokens for transfer, and even issued memecoin or transferred funds to the address of the exchange to confuse funds. The organization also uses a large number of centralized platforms for dumping, which directly results in the risk control of a large number of exchange user accounts that intentionally or unintentionally receive stolen money, and the business addresses of OTC merchants and payment institutions are frozen by Teda.
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2.Bybit CEO: the ETH gap has been fully filled and the rigid payment returned to normal at 1:1
Bybit CEO Ben Zhou tweeted that Bybit has completely made up for the ETH gap. ETH reserves are close to 100%, and deposits and withdrawals have returned to normal. The latest asset certificate audit report will be updated simultaneously on the official website, while the stolen funds will flow to the website and update the recovery progress and other data.
3.CZ announces portfolio: BNB accounts for 98.48% BTC accounts for only 1.32%
CZ, the founder of Yuan’an, announced his investment portfolio in Yuan’an Square, of which BNB accounted for 98.48% of the total. 1.32% of the BTC accounted for 0.17% of the company. CZ said he didn’t remember where the EURI came from and guessed that it might have something to do with Binance Card.
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The 4.Infini platform suffered a hacker attack, resulting in a loss of about $4950.
Infini hackers stole funds from their Vault and related strategies with a private key, twice: 11455666 USDC and 38060996 USDC. The reason for the theft is that the private key is leaked and the authority is too large. Christian, founder of Infini, tweeted that 70% of the stolen $50 million belonged to big friends, who had been passed one by one and were personally responsible for the possible losses, and that the rest of the money would be reinvested in Infini vault by next Monday.
5. Montana House of Representatives vetoes Bitcoin Reserve Bill
The Montana House of Representatives voted against a bill that might use Bitcoin as a state reserve asset on February 22nd. The bill proposes to set up a special income account to invest in precious metals, stable coins and digital assets with a market capitalization of more than $750 billion. Currently, only Bitcoin meets this standard. The bill was opposed by several Republican lawmakers, arguing that it would allow the state investment committee to speculate excessively with taxpayer money and be too risky. Supporters believe that if the bill is not passed, the state government will lose the opportunity to improve the return on funds. At present, the bill has been basically shelved, and if it is to be resubmitted in the future, it needs to be submitted to the legislature for consideration.
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6.Arbitrum DAO’s proposal to invest 7500 ETH in non-native projects sparked community controversy.
The Arbitrum DAO growth Management Committee (GMC) recently proposed to invest 7500 ETH in three non-Arbitrum native protocols, Lido, Aave and Fluid, which has caused strong controversy in the community. The specific investment plan includes investing 5000 ETH in Lido for wstETH, and then depositing it in Aave V3 with an expected annualized return of 4.54%; another 2500 ETH will be invested in the Fluid lending platform with an expected return of 1-2%. Several DAO representatives criticized the proposal for ignoring Arbitrum eco-native projects and suggested that at least 10 per cent of the funds should be allocated to native agreements.
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7.GuShiio.com Macro indicators and Analysis this week: minutes of the meeting of the US PCE and the European Central Bank
Abstract
The minutes of last week’s Fed meeting said that inflation is still slightly high, the economic outlook is uncertain, and the risks of achieving the employment and inflation targets are roughly balanced. This week, we focused on the Fed’s favorite inflation indicator, the core PCE of January in the United States, the revised annualized quarterly rate of real GDP in the United States in the fourth quarter, and the minutes of the January monetary policy meeting released by the European Central Bank.
Last week, we reviewed
The Fed released the minutes of its January monetary policy meeting: inflation is still slightly higher, the economic outlook is uncertain, and the risks of achieving employment and inflation targets are roughly balanced.
Fed governor Bowman spoke on the economic outlook: inflation is expected to fall, but upside risks remain, and stronger confidence in falling inflation is needed before cutting interest rates again. Waiting patiently for interest rate cuts will help to understand the impact of government policies more clearly.
The number of initial jobless claims in the United States in the week to February 15 recorded 219000, and the market is expected to be 215000.
The RBA cut interest rates by 25 basis points to 4.1 per cent, in line with expectations and cut rates for the first time since November 2020.
The Bank of New Zealand cut its benchmark interest rate by 50 basis points to 3.75%, in line with market expectations and cut interest rates for the fourth time in a row.
Key event of the week & Index
February 26th
Federal Reserve Governor Barr delivered a speech (00:45)
2027 FOMC vote Committee and Richmond Federal Reserve Chairman Barkin delivered a speech on inflation (02:00)
27 / 02
Number of US initial jobless claims in the week to February 22 (10,000) (21:30)
Revised annualized quarterly rate of real GDP in the United States in the fourth quarter (21:30)
ECB releases minutes of January monetary policy meeting (20:30)
28 / 02
Us Core PCE Price Index annualized rate in January (21:30)
March 01
China’s official Manufacturing PMI in February (09:30)
