ChainCatcher News reports that according to Jinshi, Federated Investors Chief Equity Strategist Phil Orlando stated that the January inflation report was better than expected, especially at the nominal level, which is good news for the Federal Reserve. He believes that as leadership transitions from Powell to Waller, the Fed will cut interest rates three times within a year. Despite strong labor market data causing market declines, inflation performed better than expected, and the downward trend in inflation is expected to continue.

A reform that could reshape the U.S. payment system is being strongly promoted by the fintech industry. Led by the U.S. Fintech Association, several industry groups recently submitted a letter to the Federal Reserve, urging it to accelerate the development of a "payment account" prototype plan to provide eligible non-bank financial institutions with direct access to the payment system. Phil Goldfeder, CEO of the U.S. Fintech Association, stated that a carefully designed payment account can both expand competition and promote innovation without increasing systemic risk. This mechanism is seen as an upgrade to the long-standing model of "access through initiating banks to the core clearing network," and is expected to reduce costs, lower counterparty risk, and improve funds settlement efficiency.

BlockBeats News, January 13 — Bitwise Chief Investment Officer Matt Hougan stated, "The CLARITY Act is like Punxsutawney Phil during this crypto winter. If it only pokes its head out but fails to pass Congress, then the 'winter' may continue; but if it passes smoothly and is signed into law, the crypto market is likely to hit a new all-time high."

New York State Assemblyman Phil Steck's proposed crypto assets transaction tax does not take into account the daily payment use of stablecoins. He believes that crypto assets should not be tax-exempt and expects that the tax could bring in $158 million in revenue for the state government each year.

Golden Finance reported that the hacker attacking the Cork Protocol has transferred $11 million worth of stolen ETH (4,520 coins) to the encryption mixer Tornado Cash, and subsequently donated 10 ETH, worth approximately $24,000, to the legal fund of Tornado Cash co-founder Roman Storm. In response, Roman Storm posted on the X platform stating that he would never accept donations from hackers and would return the 10 ETH to Cork Protocol. It is reported that Cork Protocol co-founder Phil Fogel has expressed gratitude and donated 1 ETH to Roman Storm's legal fund.

Gate News bot message, Cork Protocol co-founder Phil Fogel released the latest statement, confirming that after suffering a Hacker attack, support from the encryption community has been received. Currently, the team is actively conducting a thorough investigation of the incident while collaborating with relevant authorities, tracking experts, and security specialists to recover all funds as soon as possible and safely redeploy the protocol.

Phil Fogel, co-founder of Cork Protocol, stated that they are completely reviewing and striving to recover the loss of 12 million dollars, as Cyvers Alerts detected that they may have been attacked. Cork Protocol has paused all contracts and plans to redeploy the protocol as soon as possible.

Gate News bot news, according to the report from the Slow Mist security team, the Cork Protocol project has shown suspicious on-chain activities, with a financial loss exceeding 10 million dollars. Cork Protocol is a project that once received investment from a16z CSX. The project's co-founder, Phil Fogel, has confirmed that an investigation into the incident is underway and all contract operations have been suspended. Source: Wu Says

Odaily News Cork Protocol co-founder Phil Fogel posted on the X platform stating that they are investigating the vulnerability, all contracts have been suspended, and more information will be reported in a timely manner.

Jin10 data reported on May 23rd that despite the data showing that UK retail sales in April rose more than expected, the pound hardly budged. Ebury analyst Phil Monkhouse stated in a report that although the data is encouraging, the higher-than-expected inflation in April may dampen the likelihood of the Central Bank of the UK cutting rates again in the coming months.