Summary of important events（09.16-09.22）

1. Top 2 Hot Events of the Week

OKX completed compensation distribution to users impacted on Sept. 13, 2023.  

On September 19, OKX tweeted that they had completed compensation distribution to users impacted on Sept. 13, 2023, several enhancements to the product services have been made to avoid future discrepancies.

The Federal Reserve kept policy rate in 5.25%-5.50% range, in line with market expectations.

On September 21, the Federal Reserve kept policy rate in the range of 5.25%-5.50%, in line with market expectations. Twelve officials expect one more rate hike this year, and Powell stated they are prepared to further raise rates if appropriate.

2. Cryptocurrencies & Exchanges

On September 16, Justin Sun minted 815 million TUSD and subsequently burned them. Simultaneously, he minted $865 million worth of stUSDT.

On September 16, Paolo Ardoino, Tether's Chief Technology Officer (CTO), announced the launch of the testing phase for Moria.

On September 18, the Columbia District Court approved the SEC's motion to unseal the documents related to its lawsuit against Binance.

On September 19, Coinbase kicked off grassroots advocacy campaign to advance US legislation.

On September 22, Ethereum client Nethermindv released v1.20.4 version, Holesky will restart on September 28.

On September 20, Horizen underwent a mainnet upgrade on September 26, which removed the main chain privacy feature and activated HorizenDAO.

3. Regulatory Updates

On September 18, the New York Department of Financial Services raised the bar for exchanges listing and delisting tokens.

On September 18, South Korea strengthened digital currency OTC transactions oversight to combat crime.

On September 19, the UK House of Lords passed a bill to confiscate stolen cryptocurrencies.

On September 19, Thailand plans to tax overseas income of crypto traders.

On September 20, Indian state governments are encouraging the use of blockchain in public administration.

On September 20, the Philippine SEC, U.S. SEC, and Asian Development Bank collaborated to combat cryptocurrency-related crimes.

4. Market Updates

On September 16, North Korean hacking group Lazarus was held responsible for stealing approximately $240 million worth of crypto assets in the last 104 days.

On September 18, researchers from blockchain research company Elliptic have since said that the attack on CoinEx was likely the work of a North Korean hacking group known as Lazarus Group.

On September 18, Citigroup Inc. debuted a token service that's part of a broader push to offer digital assets to institutional clients.

On September 19, Elon Musk considered charging platform usage fees to all X platform users.  

On September 19, Chainalysis: India became the second-largest crypto market in the world, with an annual transaction volume of nearly $269 billion.

On September 22, SEC acknowledged the review of ARK Invest and VanEck spot Ethereum ETF applications.

5. Statements from Individuals/Organizations

On September 20, the U.S. SEC plans to bring more charges against crypto exchanges and decentralized finance (DeFi).

On September 20, CZ: Exercise caution when using DEX, or crypto in general. Stay safe.

On September 21, Goldman Sachs: the U.S Federal Reserve to begin its interest rate-cutting cycle in the fourth quarter of next year.

On September 21, SEC Chairman: US government shutdown would limit SEC oversight

On September 22, Coinbase Chief Legal Officer: Did not completely rule out the possibility of Base issuing tokens.

On September 22, Mark Yusko, CEO and Chief Investment Officer of Morgan Creek Capital Management: The approval of a Bitcoin spot exchange-traded fund (ETF) by the SEC could pave the way for an influx of $300 billion into the market.