LIQUID NETWORK UPDATE❗️

"We are aware of a security incident on Liquid. Purported white-hat hackers have withdrawn ~4,000 BTC from the Liquid Federation wallet. Blockstream is working on contacting them on-chain with a signed message.

Funds were withdrawn via the SideSwap PAK (Peg-out Authorization Key), but that key was not compromised, nor were any others.

Exchanges have been notified and have already paused (or will pause) LBTC deposits and withdrawals. Other Liquid assets such as USDT, DePix, and RWAs are unaffected.

Bridge nodes have been temporarily disabled & no new transactions can be submitted to the network. The Liquid sidechain is paused until this issue is resolved.

Liquid wallets will be impacted, and we're sorry for any inconvenience. Federation members are actively working on resolving this to restore normal network activity.

Monitor the situation via mempool's liquid.network site: https://mempool.space/address/bc1qdlld6antmv4xug242ed83q7k4rqw50cwfns38szx4qu2f4jwaxxsuhwxxr"

Bitwise CIO Matt Hogan says Bitcoin will hit $1.3 MILLION by 2035.

"1.3 million by 2035 is going to be relatively easy for Bitcoin."

He expects BTC back above $100,000 this year, calling the current conditions "extremely bullish."

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🌊 The Liquid Network was paused after nearly 4,000 Bitcoin were withdrawn through a suspected software bug. The Bitcoin network was unaffected.

📰 https://btctimes.com/liquid-network-paused-after-nearly-4-000-bitcoin-withdrawn-in-security-incident

📣 https://x.com/BTCTimescom/status/2096740902517493981

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🇯🇵 Umakawatei reportedly launched Sado Island’s first Bitcoin Lightning payment system on August 17th, advancing its “Lightning Island” initiative.

📰 https://btctimes.com/sado-island-venue-launches-bitcoin-lightning-payments

📣 https://x.com/BTCTimescom/status/2096941219012034614

🇫🇷 Capital B acquired 376 Bitcoin for €25.3 million, bringing its holdings to 3,521 BTC following equity raises supported by Adam Back and TOBAM.

📰 https://btctimes.com/capital-bs-holdings-reach-3-521-bitcoin-after-latest-purchase

📣 https://x.com/BTCTimescom/status/2096970330258506026

JUST IN: 🇺🇸 Public company Strive CEO hints at buying more Bitcoin 👀

“Wall-breaking season at Strive.”

Source: https://x.com/BitcoinMagazine/status/2096958588551913695

HACKERS RETURN 3,400 BTC TO THE LIQUID FEDERATION❗️

CONFIRMED. Block 965950, mined by Foundry.

3,400 BTC back in the Liquid federation wallet. Attacker keeps 598.5 BTC. 27 hours from the fork to the return.

11 rounds of OP_RETURN, PGP signatures, an Electrum tutorial and a mempool.space accelerator.

All settled on-chain, in public, no lawyers.

Transaction: https://mempool.space/tx/a6d697a25266ce3c78774fd1d75f896b7af522ada209b0f6228ea497bc49a46d

Source: https://x.com/_miguelmedeiros/status/2096994917566308559

4,000 Bitcoin worth $320 million withdrawn following Liquid Network hack.

The hacker is now communicating with network maintainers through on-chain Bitcoin transactions & intends to return the $BTC after the vulnerability is fixed.

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NEW: BLOCKSTREAM SAYS LIQUID NETWORK RESTART IS BEING PREPARED.

Following the recent security incident and movement of funds, Blockstream says updated software has been deployed as Liquid Federation members prepare for a coordinated network restart.

The company says its teams remain focused on further hardening the network and ensuring the return of assets.

Blockstream thanked the Bitcoin community for its patience, support, advice, and assistance, and said further updates will follow.

Source: https://x.com/bitcoinnewscom/status/2097129152306450529

Visa says stablecoin settlement volume has reached a $20 billion annualized run rate, increasing more than 15 times year over year

More than 160 stablecoin-linked card programs are now active globally, with payment volume up nearly 200% year over year.

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JUST IN: 🇺🇸 Public company Strive purchases 1,375 Bitcoin for $109 million! 👀

Source: https://x.com/bitcoinmagazine/status/2097297189886152886

STRATEGY BUYS BACK $176.3 MILLION IN STRC, DOUBLES PREFERRED STOCK REPURCHASE PROGRAM TO $2 BILLION

Strategy says it repurchased 1.81 million STRC shares between August 31 and September 7, while making no Bitcoin purchases or sales and issuing no shares through its ATM program.

The company now holds 845,050 BTC, acquired for $63.73 billion at an average price of $75,412 per coin.

Strategy also increased its digital credit securities repurchase authorization from $1 billion to $2 billion, with $1.19 billion remaining available.

Its USD Reserve stands at $5.10 billion, with another $1.44 billion in USD Cash.

Source: https://x.com/BitcoinNewsCom/status/2097307881636860169

💰 Strategy repurchased $176.3M of STRC and doubled its buyback program to $2B. Its Bitcoin holdings remained unchanged at 845,050 BTC.

📰 https://btctimes.com/strategy-reports-176-3-million-strc-repurchase-as-program-limit-rises-to-2-billion

📣 https://x.com/BTCTimescom/status/2097352797293367431

🚀 Strive bought 1,375 Bitcoin for $109 million, bringing its holdings to 24,531 BTC.

📰 https://btctimes.com/strive-buys-109-million-in-bitcoin-to-bring-total-holdings-to-24-531

📣 https://x.com/BTCTimescom/status/2097354867891114379

Track the stories defining the next chapter of Bitcoin.

📣 https://x.com/BTCTimescom

JUST IN: 🇺🇸 Crypto super PAC network Fairshake will launch national TV ads to gain support for the Clarity Act 👀

“The AARP endorses provisions of the bipartisan Clarity Act”

Source: https://x.com/BitcoinMagazine/status/2097340854398529949

NEW: 🇺🇸 U.S. Senate will hold a procedural cloture vote on the Clarity Act one week from today.

Senator Cynthia Lummis says if they fail to pass it next week, "we will not get another realistic shot at this before the end of the decade" 👀

Source: https://x.com/BitcoinMagazine/status/2097318689750032442

FYI: 🟠 $MSTR is valued at just 87% of the Bitcoin on its balance sheet. Still well below its historical average.

By this metric, the stock looks deeply undervalued.

Source: https://x.com/thepowerfulHRV/status/2097323032905724132

Fox News says passing major laws like the Clarity Act just before US midterms is extremely rare.

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