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🚨 ALERT: Liquid Network says ~4,000 BTC ($320M) was withdrawn from its Federation wallet by purported white-hat hackers.

The Liquid sidechain is paused until the issue is resolved.

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πŸ‡ΊπŸ‡Έ SEN. LUMMIS: β€œIf the Clarity Act doesn’t pass this Congress, the next real opportunity to bring market structure legislation back up is 2030.”

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πŸ‡¨πŸ‡³ JUST IN: China injects $45B into its largest banks and insurers in its biggest recapitalization in nearly two decades.

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πŸ‡΅πŸ‡­ NEW: The Philippines proposes a 12-month freeze on new payment operator registrations and tighter crypto checks.

Read more.

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πŸ‡°πŸ‡· NEW: South Korea’s $200B Hanwha is building a tokenization platform on Avalanche.

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πŸ‡ΊπŸ‡Έ NEW: Hunter Biden, son of former U.S. President Joe Biden, plans to launch the $LAPTOP meme coin on Base on Sept. 9, according to WSJ.

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πŸ‡ΊπŸ‡Έ BIG: President Trump says Bombardier will no longer be allowed to sell in the U.S. unless Canada opens its market to American banks, companies and Gulfstream Aerospace.

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🚨 UPDATE: Liquid Network hackers have returned 3,400 BTC (85%) to the Federation wallet after negotiating on-chain with Blockstream.

They kept ~598 BTC (~$47M) as an apparent bounty.

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πŸ‡ΊπŸ‡Έ TRUMP: β€œOil prices will drop precipitously, like everything else is dropping (but more!), when we WIN the war with Iran.”

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⚑️ CZ: β€œIPOs will move on chain.”

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πŸ‡°πŸ‡· NEW: Won stablecoins could save South Korean merchants up to $3.8B annually in fees, per the National Assembly Budget Office.

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πŸ”₯ NEW: Visa’s stablecoin settlement volume topped a $20B annualized rate, up 15x year over year.

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πŸ”₯ JUST IN: Strategy bought no Bitcoin last week and repurchased $176.3M in $STRC shares.

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