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ChainCatcher news, according to Golden Ten Data, the Federal Reserve is expected to end its three-year-long quantitative tightening phase this week, easing pressure on banks. Some bank lending institutions tapped into the Federal Reserve's backup funding facility earlier this month, with its scale reaching levels seen during the pandemic. Since launching the quantitative tightening program in June 2022, the Federal Reserve has allowed over $2 trillion of U.S. Treasury bonds and mortgage-backed securities to roll off its balance sheet. Krishna Guha, Vice Chairman of Evercore ISI, stated that the market has basically reached a consensus that the Federal Reserve will end quantitative tightening this month. Former Federal Reserve Vice Chairman Clarida pointed out that even without a formal resolution, there will be strong signals indicating that the Federal Reserve will terminate quantitative tightening in December.

Jinse Finance reported that GMGN co-founder Haze (@haze0x) posted on X stating that GMGN recently suffered an external phishing attack. The attacker lured users to click and trigger unauthorized transactions by forging third-party token websites. The issue has now been completely resolved, the affected accounts have been restored to security, and similar phishing attacks have been fully blocked. This incident affected approximately 107 users in total. GMGN will provide 100% full compensation for the related losses and will distribute the compensation to users' GMGN accounts within today.