🚨 ALERT: Liquid Network reports that approximately 4,000 BTC (~$320M) was pulled from its Federation wallet by alleged white-hat hackers.

The Liquid sidechain has been temporarily paused while the situation is addressed.

Yoni Crypto

🇺🇸 SEN. LUMMIS: “If the Clarity Act doesn’t pass this Congress, the next real chance to revive market structure legislation won’t come until 2030.”

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🇨🇳 JUST IN: China pumps $45B into its top banks and insurers—the largest recapitalization in nearly 20 years.

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🇵🇭 NEW: The Philippines proposes a 12-month freeze on new payment operator registrations, along with stricter cryptocurrency oversight.

Read more.

Yoni Crypto

🇰🇷 NEW: South Korea’s Hanwha, a $200B conglomerate, is developing a tokenization platform on Avalanche.

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🇺🇸 NEW: Hunter Biden, son of former U.S. President Joe Biden, is set to launch the $LAPTOP meme coin on Base on September 9, according to the Wall Street Journal.

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🇺🇸 BIG: President Trump says Bombardier won’t be allowed to sell in the U.S. unless Canada opens its market to American banks, businesses, and Gulfstream Aerospace.

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🚨 UPDATE: The hackers behind the Liquid Network breach have returned 3,400 BTC (85%) to the Federation wallet, following an on-chain negotiation with Blockstream.

Approximately 598 BTC (~$47M) was retained—likely as a self-declared bounty.

Yoni Crypto

🇺🇸 TRUMP: “Oil prices will plummet—along with everything else (but even more so!)—once we WIN the war with Iran.”

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⚡️ CZ: “IPOs will move on chain.”

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🇰🇷 NEW: South Korean merchants could save up to $3.8 billion annually in fees with the adoption of won-pegged stablecoins, according to the National Assembly Budget Office.

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🔥 NEW: Visa’s stablecoin settlement volume now exceeds a $20B annualized rate—up 15x compared to last year.

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🔥 BREAKING: Strategy held off buying Bitcoin last week — instead, repurchased $176.3M worth of $STRC shares.

Yoni Crypto

🇯🇵 NEW: Citi enables instant cross-border payments for Japanese companies using blockchain, according to Nikkei.

Yoni Crypto