4,000 Bitcoin worth $320 million withdrawn following Liquid Network hack.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

🇺🇸 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.

🤬 Getting ready for another cash grab?

The market is active, even despite a slight slowdown in the major coins. Altcoins, on-chain activity, BNB season—the momentum continues.

But there’s a feeling that the end of BNB season is already on the horizon, just like it was a year ago.

On top of that, Biden’s son is launching his token tomorrow. And here, CT has more negatives than positives, even on Base… Everyone remembers the TRUMP case and is expecting a similar cash grab and a liquidity drain from other memes.

By the way, for those who lost money on the TRUMP token—they’re promising some kind of airdrop 😁

All in all, we’re living in interesting times, when the presidents of the most influential country are going head-to-head with memes in crypto. Tell that to any crypto enthusiast from 5 years ago—they’d have tapped their temple in disbelief.

In any case, we’ll keep an eye on things and look for setups for ourselves. For those with little experience in on-chain analysis, we recommend skipping this whole thing altogether, because the risk-reward ratio isn’t in your favor here, and the chance of becoming exit liquidity is very high. It’s better to save that cash and set it aside for future setups or invest in yourself 🧠

👀 Short-term whales currently have $9.07 billion in unrealized profits.

To put that into perspective: the last time this happened was in 2016.

Will they be allowed to keep holding onto these positions, or will the market crash and force them to sell?

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

💩 LAPTOP -99%

Overall, this was to be expected: everyone who bought at the launch (except for a couple of scalpers) is now in the red.

Forget about trying to “buy the dip”—the upside is just going to keep falling and falling.

Because they came up with a sneaky loophole with their Substack subscription, handed out billions in airdrops to themselves, and are pumping it nonstop.

On the bright side, this hasn’t affected liquidity in the crypto market at all. No one has rushed en masse to dump their altcoins and stablecoins into this rag, as happened with TRUMP. It’s just another pump-and-dump on the market.

The U.S. Treasury will buy back up to $6B in long-dated bonds on Sept. 10

❗️U.S. Macro — PPI

MoM = +0.4% (expected +0.3% / previous +0%)
YoY = +5.4% (expected +5.1% / previous +4.7%)

Core PPI

MoM = +0.2% (expected +0.2% / previous +0.2%)
YoY = +4.6% (expected +4.5% / previous +4.2%)

In addition, yields on 2-year Treasuries jumped to 4.47%—the highest level since July 2024.

🩸The reaction is as expected—BTC < $77k

Is the 2020 bull market pattern repeating itself?

The market has entered a correction phase for now, especially on-chain—this is clearly evident from the many memes and the outflow of liquidity from them.

And let’s not forget that inflation data is coming out today and again tomorrow, so volatility should be high.

And here’s another interesting piece of news that brings back vibes from the COVID year, when the U.S. distributed about $1 trillion in aid to people.

Trump has promised to pay every adult American $5,000 if Republicans retain control of the House of Representatives and the Senate after the election.

If you do the math, that would mean handing out even a little more than during the COVID year—around $1.2–1.35 trillion.

And we think everyone remembers where people put some of that cash in 2020.

But this is Trump: today he says one thing, tomorrow another. Moreover, it’s still unclear exactly how this will be implemented and where the money will come from.

But the fact itself and the news are interesting.