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.

Jin10 reported on April 23 that crude oil futures recovered most of the losses from the previous day. Price Futures Group analyst Phil Flynn stated: "It seems we are taking on some risk. Sometimes, after you come back from a weekend holiday, you make some crazy moves and overreact. So I think we are undergoing some reality checks, and the market is rebounding."

Jin10 data reported on April 10th that Trump's policy turnaround has triggered a historic Rebound in the US stock market and a significant drop in Treasury yields. This all came so suddenly that Deutsche Bank had to revert its previous prediction of a 25 basis point rate cut by the Reserve Bank of Australia in May, which had just 48 hours prior been revised to a 50 basis point cut. Deutsche Bank's chief economist Phil ODonaghoe stated: The sharp decline in pessimism in financial markets has reduced the urgency for the Reserve Bank of Australia to respond to all of this with a significant rate cut. A rate cut is still on the way, but the cut in May will revert to 25 basis points.

FXStreet News, October 31 - Deutsche Bank economist Phil Odonoho said that the bank's artificial intelligence analysis tool found that despite the Fed becoming more dovish, the RBA's rhetoric in 2024 is becoming more hawkish. This supports Deutsche Bank's view that the RBA is not eager to follow its global counterparts into an easing cycle. He said the baseline forecast is that the RBA's Benchmark Inrerest Rate will remain unchanged until the second quarter of next year.

The US CPI data due on Tuesday will test the rally of US stocks. Phil Camporeale, portfolio manager at JPMorgan Chase & Co., said: "The Fed doesn't need inflation to reach 2% to ease policy. "They just need inflation not to get worse. "Stronger-than-expected CPI inflation data for January led to a sharp drop in the US stock market on the day of the report. But Phil said, "It's a great time to take risks in U.S. stocks." He said that according to the U.S. non-farm payrolls report released on Friday, "it is still possible that the Fed will start cutting interest rates this year without a recession." "It's really good for the stock market. "Slowing wage growth and "modest" job growth helped ease inflationary pressures. He said that although the U.S. unemployment rate rose to 3.9 percent, it has been below 4 percent for more than two years, the longest since the '60s. The economy has been resilient, but its acceleration has not reached the point of increasing the risk of inflation.

According to TechCrunch, former DeepMind members Yishu Miao and Ziyu Wang have launched Haiper, an AI video generation tool. The tool is based on its unique AI model and is designed to solve the challenges of video generation. Haiper has raised $13.8 million in a seed funding round led by Octopus Ventures with participation from 5Y Capital. Prior to this, angel investors, including Phil Blunsom and Nando de Freitas, helped the company close a $5.4 million pre-seed round in April 2022. Users can generate videos on the Haiper website for free by entering text prompts, although there are certain limitations. The company is planning to expand its capabilities for video generation and has explored commercial use cases with companies, including JD.com

(1) International oil prices continued to be weak on Wednesday, with U.S. crude oil hovering at a two-month low and currently trading near $81.03 per barrel, with oil prices falling 1.5% overnight, hitting an intraday low of $80.72 per barrel, a new low since August 29. (2) OPEC crude oil production increased by 180,000 b/d in October, mainly driven by increased production in Nigeria and Angola, the survey showed. (3) The U.S. Energy Information Administration (EIA) said U.S. crude oil production was 13.05 million barrels per day in August, setting a new monthly record. (4) In addition, weaker-than-expected data on manufacturing and non-manufacturing activity in large Asian countries added to concerns about slowing fuel demand in the world's second-largest oil consumer. (5) The latest data showed that API crude oil inventories increased by 1.347 million barrels, and the official inventory data will come out later in the day, investors need to pay attention. (6) A Hamas spokesman said on Tuesday that Hamas will release some foreign prisoners in the coming days. Phil Flynn, an analyst at Price Futures Group, noted: "We've taken some of the war premium out of the price. (7) Crude oil prices stabilized ahead of the U.S. Treasury renewing its bond issuance program and the Federal Open Market Committee (FOMC) announcing interest rate decisions, said Edward Moya, senior market analyst at OANDA. "Geopolitical risks remain, which appear to offset some of the impact of record U.S. production."

Oil prices edged lower on Wednesday as investors took profits after earlier gains from factors including tightening U.S. crude supplies. In addition, the strengthening of the U.S. dollar index also put pressure on oil prices. "It's the end of an era, we're being reminded that the strategic petroleum reserve (SPR) situation is over and the market will be on a much firmer footing," Price Futures Group analyst Phil Flynn said of the latest EIA data. Naeem Aslam of Zaye Capital Markets said that as inflation eases, traders are starting to become much more optimistic, and any improvement in inflation data also means improvement in oil demand.