BTC breaks through the $117000 mark

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**[BSC Unverified Contract Hit by Flash Loan Attack, Losses Approx. $150,000]** BlockSec Phalcon alerts indicate that a suspicious transaction occurred on Binance Smart Chain (BSC) several hours ago, targeting an unverified contract (address: 0x93fD192e1CD288F1f5eE0A019429B015016061F9), resulting in a loss of approximately $150,000. The attack exploited a vulnerability in the contract's referral reward mechanism, where the reward calculation relied on the manipulatable spot price of the BURN/BUSD trading pair. The attacker manipulated the BURN price through a flash loan and repeatedly created new contracts to bypass the "one referral per address" and maximum investment limit restrictions, thereby accumulating inflated BUSD referral rewards. Subsequently, they sold the borrowed BURN tokens, causing the price to drop, and profited by purchasing BURN at the lower price. This incident highlights the potential risks of price-dependent mechanisms in smart contract design.

[U.S. Court Rules Pastor Couple Defrauded Investors in Cryptocurrency Scam, Ordered to Repay $3.39 Million] The Colorado Securities Division announced that a Denver district court recently ruled Pastor Eli Regalado and his wife were involved in cryptocurrency fraud and must repay $3.39 million to investors. The court found that the Regalado couple illegally raised funds through tokens issued by their church, INDXcoin and Sumcoin, involving at least 596 investors and violating securities laws. They claimed that 'God' instructed them to create and promote these tokens, forming a 'prophet team' to market them under the guise of religion. However, they deposited investor funds into personal accounts, with at least $1.3 million spent on luxury expenses. The court emphasized that a religious framework cannot be used as a shield to evade legal scrutiny.

[Hong Kong Promotes Stablecoin Issuer Framework and Tokenized Asset Development] On September 17, Hong Kong Chief Executive John Lee stated in his fourth Policy Address that Hong Kong is actively advancing the implementation of a stablecoin issuer framework and plans to propose legislative recommendations for licensing regimes related to digital asset trading and custody services. The Hong Kong Monetary Authority (HKMA) will encourage commercial banks to introduce tokenized deposits and promote the application of real tokenized asset transactions, such as using tokenized deposits to settle tokenized money market funds, as well as supporting the regular issuance of tokenized government bonds. Additionally, the Hong Kong Securities and Futures Commission (SFC) is exploring ways to expand the range of digital asset products and services available to professional investors, while ensuring investor protection. At the same time, efforts will be strengthened in international tax cooperation to combat cross-border tax evasion.

[Fed Rate Cuts May Benefit U.S. Bond Investors, Market Focuses on Future Policy Path] Harley Bradley, Co-Head of Global Rates at Insight Investment, pointed out in a report that the Federal Reserve's rate cut policy could be favorable for U.S. bond investors holding diversified fixed-income portfolios. Although tariffs may push inflation higher, the Fed is expected to announce a rate cut on Wednesday. Given that U.S. inflation remains resilient, the market will focus on the Fed's latest 'dot plot' projections to assess the future path of rate cuts. Bradley stated that while inflation may pose challenges, the Fed is likely to prioritize protecting the labor market, even if inflation exceeds target levels.