France September Composite PMI Preliminary

In this article, we share the technical details of the "Hamster Wheel" attack discovered by the CertiK Skyfall team, explaining how this new type of attack exploits key vulnerabilities to cause a complete shutdown of the Sui network.

Previously, the CertiK team discovered a series of denial-of-service vulnerabilities in the Sui blockchain. Among these vulnerabilities, a new and high-impact vulnerability stands out. This vulnerability can cause Sui network nodes to be unable to process new transactions, and the effect is equivalent to a complete shutdown of the entire network. Just last Monday, CertiK received a $500,000 bug bounty from SUI for discovering this major security vulnerability. CoinDesk, an authoritative media in the U.S. industry, reported on the event, and then major media also released related news following its report. This security vulnerability is vividly called "Hamster Wheel": its unique attack method is different from the currently known attacks. The attacker only needs to submit a payload of about 100 bytes to trigger an infinite loop in the Sui verification node. , making it unresponsive to new transactions. Additionally, the damage from the attack persisted after the network restarted...

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BlackRock released a weekly report titled "Stablecoins Look Set to Become Permanent Members of the Financial System" BlackRock clearly stated in this week's weekly report that the "Genius Act" passed in the United States marks the official inclusion of stablecoins as part of the financial system, with their role no longer being "crypto assets" or "investment tools," but rather "means of payment."

The United States SEC ( SEC ) recently announced the launch of a program called "Project Crypto," which is seen as an important step for the regulatory agency to align itself with Blockchain technology. The core objective of this program is to explore the possibility of integrating TradFi with Blockchain technology, marking a significant shift in the regulatory authorities' attitude towards encryption assets. For a long time, the SEC has maintained a cautious attitude towards cryptocurrency, often emphasizing its potential risks to ordinary investors. However, with the launch of "Project Crypto", the SEC seems to be reassessing its position and considering how to advance the development of encryption assets within a compliance framework. This shift has sparked widespread discussion in the financial community. Are institutional investors on Wall Street ready to embrace this Blockchain revolution? How will TradFi giants respond to this new trend? Some analyses indicate that the SEC's move may herald a broader institutionalization and mainstreaming of encryption assets. However, there are also opinions suggesting that this action by regulatory agencies may be aimed at better controlling and regulating the encryption market. Regardless, the launch of "Project Crypto" is undoubtedly a milestone in the development of Blockchain technology. It not only reflects the change in attitude of regulatory agencies but also suggests that the application prospects of Blockchain technology in the financial sector are gradually unfolding. As time goes by, we may witness a true financial revolution, and the curtain of this revolution seems to have quietly opened with the SEC's decision.