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Gate.io Blog Daily News | SlowMist Reminds Crypto Users to Upgrade Their Systems, BTC ETFs Will Become the Mainstream of Investment, 7 Tokens Will Be Unlocked This Week

Daily News | SlowMist Reminds Crypto Users to Upgrade Their Systems, BTC ETFs Will Become the Mainstream of Investment, 7 Tokens Will Be Unlocked This Week

25 September 12:13

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/16956200670925.jpg)
## Crypto Daily Digest: SlowMist Reminds Users to Upgrade their Systems; Follow 7 tokens unlocked this week
SlowMist Chief Information Security Officer 23pds posted on the X platform, requesting cryptocurrency users to upgrade their iOS system, Chrome browser, Android, and other systems as soon as possible to address the latest vulnerability challenges.

Recently, the Google Threat Analysis Group released an iPhone in the wild vulnerability attack chain, which involves Man in the Middle (MITM) exploitation attacks, Safari browser remote code execution vulnerabilities, Android MITM injection, and direct send attacks that exploit the remote code execution vulnerability of Chrome initial renderer by obtaining a one-time <a href="/price/link-ln" target="_blank" class="blog_inner_link">LINK</a> to the target. A very clever and lethal vulnerability, it is recommended to upgrade as soon as possible.

Anthony Scaramucci, the founder of Skybridge Capital, explained at the Messari main website conference why he still believes in <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a>. He emphasized that every Wall Street company would own a Bitcoin Exchange Traded Fund (ETF) and sell it to clients. He predicted that "the next 10 to 20 years will be very bullish." He believed that young people "will make Bitcoin mainstream," just like his generation has made the internet mainstream.

The founder of Skybridge Capital warned that there are still unfavorable factors in the macro environment, including rising interest rates, the chairman of the Securities and Exchange Commission (SEC) centered on law enforcement, and negative sentiment surrounding cryptocurrency adoption. Nevertheless, he remained optimistic about Bitcoin and stated that "as society creates wealth, a portion of it will be replaced by digital assets (most likely Bitcoin)." He reiterated his long-standing view that "Bitcoin is better than gold."

The Hong Kong Police Force stated that between January and July this year, it received 769 complaints of cryptocurrency "pig killing," mainly in the form of organized criminal groups in Southeast Asia using cryptocurrency to deceive victims seeking romantic relationships and engaging in industrialized online fraud. Among them, the victims suffered losses of HKD 407.8 million (approximately $52 million), and the number of cases this year is likely to double compared to 2021. It is reported that there were a total of 642 similar cases reported in 2021, three times the number of cases reported in 2020 (181).

According to Token Unlocks data, from September 25th to October 1st, ACA, GAL, YGG, AGIX, EUL, OP, and 1INCH tokens will experience one-time unlocking, including:

At 0:00 (UTC) on September 25, Acala will unlock 4.66 million ACAs (approximately $220,000), accounting for 0.58% of the circulating supply;

At 12:00 (UTC) on September 27, Galxe will lock 586700 GALs (approximately $770,000), accounting for 1.26% of the circulating supply;

At 14:00 (UTC) on September 27, Yield Guild Games will unlock 12.42 million YGGs (approximately $2.56 million), accounting for 6.71% of the circulation supply;

At 0:00 (UTC) on September 28, SingularityNET will unlock 9.69 million AGIX (approximately $1.72 million), accounting for 0.79% of the circulating supply;

At 0:14 (UTC) on September 28, Euler will unlock 1530200 EULs (approximately $410,000), accounting for 0.82% of the circulating supply;

At 4:00 (UTC) on September 30, <a href="/price/optimism-op" target="_blank" class="blog_inner_link">Optimism</a> will unlock 24.16 million OPs (approximately $30.92 million), accounting for 3.03% of the circulating supply;

At 8:00 (UTC) on October 1, 1 inch will unlock 15,000 (approximately $3,880) 1 inch.
## Today’s Main Token Trends
### BTC
![](https://gimg2.gateimg.com/image/article/1695620111BTC 11.24.39.png)
Last week, a demand rebound was completed, but this morning, it broke below the upper support of the box range. Additionally, a short-term bearish head and shoulders pattern is emerging. This week, we expect the bottom to continue to test the $25,281 support level, and the quarterly cycle is likely to form a large descending triangle convergence.

### FTT
![](https://gimg2.gateimg.com/image/article/1695620132FTT.png)
Overall, the past year has seen the USDT main trading pair relaunched. This coincides with the end-of-month deadline for creditors' submissions. The market is expected to restart platform operations, and in the short term, it may rebound on positive news. Breaking above $1.3965 will target $1.9088 and $2.50.

### MLN
![](https://gimg2.gateimg.com/image/article/1695620187MLN.png)
A long-term structure shows a large bullish inverse head and shoulders pattern. After breaking through the overall downtrend this month, in the short term, it is trading below $1,305. It is recommended to hold support at $1,236. If there is a bullish move, consider buying and targeting resistance at $1,371 and a goal of $1,588.
## Macro: US government shutdown impacts data release, follow Powell's speech this Friday
A new week has begun, let's take a look at the major events that are about to happen this week:

This Friday (September 29) at 12:30 (UTC), the Federal Reserve's favorite economic data will be released. 20: On August 30, the annual rate of the core PCE price index in the United States (previous value: 4.20%; market expectation: 3.90%) was announced. 20: On August 30, the core PCE price index monthly rate in the United States (previous value: 0.20%; market expectation: 0.20%) was announced; Given the continuous surge in energy prices, the overall PCE price index may rise. The market expects the PCE price index to rise by 3.5% year-on-year in August, rebounding from the previous 3.3%, and the core PCE price index to maintain a growth rate of 0.2% month-on-month. However, the rebound in energy prices is not the only concern of the Federal Reserve, and extreme consumption is another reason for policymakers to open the door to further interest rate hikes.

Due to the still strong labor market, it is expected that personal income data will rise in August, with personal income expected to climb to 0.5% compared to the previous 0.2%. However, due to the end of summer vacation, expenses should cool down, with an expected decrease from 0.8% to 0.4%. Suppose one or two personal expenditures and core PCE data go up unexpectedly. In that case, it will increase the possibility of the last interest rate increase, thus pushing up the yield of US treasury bond bonds and the US dollar.

This Thursday (September 28) at 20:00 (UTC), Federal Reserve Chairman Powell delivered a speech. Last week, the Federal Reserve announced its interest rate resolution, which triggered severe fluctuations in global markets. This week, Powell came again. Powell may express his views on the dot matrix and why his colleagues expect high-interest rates to continue for a long time.

Finally, let's look at the recent progress of the bipartisan spending bill that has attracted market attention. According to predicted data, the probability of the US government facing another shutdown crisis is as high as 50%. The 2023 fiscal year will end on September 30. If Congress cannot reach a protocol before midnight on September 30, the US government will shut down from 12:01 noon. If the US government shuts down, it may disrupt financial markets. A series of important economic data, including September's non-farm payrolls, PPI and CPI, and US GDP for the third quarter, may be forced to be delayed, which will make the Fed's work more difficult.

Because Congress is divided into a Democratic-controlled Senate and a Republican-led House of Representatives, it is impossible to predict how long this closure will last. Goldman Sachs pointed out in a recent report that the basic forecast is for a duration of two to three weeks, with a high probability of a two-week period. Moody's believes that the entire fourth quarter may fall into a lockdown, breaking the previous 35-day record, leading to a 1.2% drop in GDP in the fourth quarter of this year.

Here is a brief introduction to why there has been a government shutdown and the impact after the shutdown. Specifically, you need to consult the information yourself:

1/Due to the inability of Congress to agree on the budget for the next fiscal year, the US government is shutting down.

2/Some people hope the US government will shut down because they believe it will force Congress to pass a more conservative budget. Others do not want the government to shut down because it may disrupt many services and cause economic difficulties for many Americans.

3/The shutdown of the US government may hurt the stock market, as investors may be concerned that services may be disrupted or consumer spending power may decrease due to the loss of income for vacation workers.

4/It is difficult to predict how long the government shutdown will last, as it depends on whether congressional leaders can reach a protocol on the budget before the funds run out.

<div class="blog-details-info">
<div>Author:**Byron B.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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