|
|
Stablecoins, market moves, and what's at stake
|
͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
|
View in browser
|
|
|
|
Your weekly roundup of the 🔥hottest news in crypto:
|
|
|
|
A Week in Review: ‘White hats’ take 4000 BTC from Liquid, ETFs see best inflows of 2026
|
|
|
|
|
|
#1
A shade under 4000 Bitcoin worth $319 million has been taken from Liquid Network — with purported “white hat” hackers claiming responsibility. An unverified OP_RETURN message read: “we are whitehats. contact us on chain.”
The Blockstream-run Bitcoin sidechain has paused bridge nodes and told exchanges to pause LBTC deposits and withdrawls as the team attempts to contact the attackers and identify the security holes. The Liquid explorer shows the balance of its federation wallet dropped from 4,200 BTC down to just 207.275 BTC.
Under normal Liquid mechanics, LBTC is burned on the sidechain before Bitcoin is withdrawn. In simple terms, the transaction needs to be authorized by an 11 of 15 multisig with funds sent to an approved whitelist.
Liquid Network posted earlier today that: “the funds were withdrawn via the SideSwap PAK (Peg-out Authorization Key), but that key was not compromised, nor were any others.”
“Bridge nodes have been temporarily disabled, so no new transactions can be submitted to the network. Effectively, the Liquid sidechain is paused until this issue is resolved.”
Crypto analyst DBCrypto noted that: “the coins aren’t running and they’re just sitting on Bitcoin and haven’t been mixed. That’s more consistent with a whitehat extraction than a theft.” But he said the incident raised some big questions about security on the sidechain. “Either 11 of 15 functionaries signed this off, or the whitelist built to prevent exactly this didn’t hold. Neither answer makes Liquid look good.”
The funds were sent via Sideswap. It subsequently posted that its key had not been compromised and that: “Blockstream has since established that the L-BTC in that order was created through a bug in the Elements software.”
At the time of writing Blockstream and Adam Back had not posted about the incident on X but Jan3 CEO Samson Mow said: “Everyone is actively working to resolve this...These are difficult times but we’ll pull through.”
|
|
|
|
|
|
|
|
#2
Bitcoin ETF inflows hit $3.8B in strongest three-week stretch of 2026
While Bitcoin is yet to hold above the 50-week moving average that would confirm a bull market, there are other signs bull market conditions are returning. The US spot Bitcoin ETFS have just recorded their strongest three-week inflow stretch of 2026 as Bitcoin trades just above $80,000.
The funds attracted $986.9 million in the week ending Friday, bringing net inflows over the past three weeks to $3.8 billion, according to SoSoValue data.
Total net assets across the funds stood at $101.3 billion on Friday, while cumulative net inflows reached $55.6 billion. On Thursday the Bitcoin ETFs recorded $730.9 million in net inflows, for the strongest showing since Jan. 14.
|
|
|
|
|
|
|
|
|
#3
AMC boss cracks it over Robinhood’s tokenized stocks
Robinhood has been a stunning success so far, leading chains for daily fees and flipping Solana’s 24 hour DEX volume. It’s token launchpad PONS even broke into the Top 100 coins this week with a stunning 140% gain. Part of the interest has been in the Ethereum L2’s pairing of memecoins with tokenized stocks like AMC.
But while crypto degens love it, AMC’s CEO Adam Aron is less than impressed and has threatened to send in the lawyers over the chain’s “outrageous” decision to tokenize AMC stock without his express permission. He wrote on X:
“I find this practice to be contemptible, outrageous, disgusting, detestable, inexcusable, vile. How can it possibly be legal? We have no connection to this at all, and do not condone it in any way. “
Robinhood co-founder Vlad Tenev trolled him by asking blithely: “What’s the concern?” which sent Aron off on another rant about Robinhood’s “shocking and shameful” conduct. He called on them to “CEASE AND DECIST (sic)” and said the SEC could not possibly support Robinhood’s “sham ignoring of US securities laws. You can be sure we will be asking them.”
Robinhood’s chief legal officer Dan Gallagher — a former SEC commissioner — wrote back:
“We know a little something about the U.S. securities laws and will not “DECIST.” Send your lawyers and we’ll educate them.”
What a savage.
|
|
|
|
|
|
|
|
|
Prediction of the week
BTC will hit $1M by 2030... but Arthur Hayes is buying ETH instead
BitMEX founder Arthur Hayes told Cointelegraph the collapse of the AI bubble, “massive” money printing, and potential US yield curve control are among some of the reasons why Bitcoin could go to $1 million by 2030. “We have the ingredients. The time is now. So I think the $58,000 was probably the bottom in Bitcoin, and now it’s going to grind higher in this hate fuck rally,” the 41-year-old billionaire said.
But he added the best risk reward adjusted bet in crypto right now wasn’t Hyperliquid, but ETH and he’s been amassing a sizeable position. “That doesn’t necessarily mean that Hyperliquid won’t rise in price. I just don’t think it’s poised for a 5x, and like where I think Ethereum could do, you know, 3x to 5x pretty quickly,” he said.
|
|
|
|
|
|
|
|
|
FUD of the week
Fake Claude desktop app spreads crypto-stealing malware
A fake Claude desktop application is reportedly being used to distribute RevStealer, a Windows malware strain built to steal crypto, password and browser data.
According to a Monday report by cybersecurity company Morphisec, RevStealer was previously distributed through GitHub repositories and game-cheat-themed sites but the most notable is a fake “Claude Opus 5 Free Desktop” project that impersonates AI developer Anthropic and promises free access to Claude.
The researchers noted that the malware is designed to leave few traces and searches browser databases, cookies, password-manager records, VPN and remote-access settings, messaging data, screenshots and selected documents. RevStealer also targets over 50 cryptocurrency wallets.
|
|
|
|
|
|
|
|
|
FUD of the week
Hyperscale Data ends Michigan BTC mining as holdings fall 79%
Hyperscale Data has ended all Bitcoin mining operations at its Michigan facility as it prepares the site for an artificial intelligence data center customer.
On Wednesday, the company said that all Bitcoin miners at the facility were switched off and that it intends to sell the associated mining equipment.
Hyperscale said the AI customer has contracted for 20 megawatts (MW) of computing capacity under a 10-year master services agreement with two optional five-year extensions. The agreement may generate more than $1.2 billion over the maximum 20-year term. An additional 32 MW option could lift potential revenue above $3 billion, while the site is expected to support 340 MW.
Hyperscale has also reduced its Bitcoin holdings sharply while funding the AI buildout. It’s holdings have dropped from 1006 Bitcoin at the end of July to around 215 BTC today.
|
|
|
|
|
|
|
|
|
|
4.6 million people follow us on social media.
You should too.
|
|
|
|
|
|
|
|
Cointelegraph
|
|
DMCC, Business Centre, Level No 12, Uptown Tower Dubai, United Arab Emirates
|
|
|
You received this email because you signed up on our website.
|
|
Download our official app:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|