Crypto hack: Blockstream rejects ransom as nearly 600 Bitcoin remains missing

Blockstream has refused to pay for the return of Bitcoin after a theft from the Liquid Network because it believes that security researchers should not steal!  Most of the funds have already been returned, but nearly 600 BTC, which is worth about $47 million, remains with the people behind the attack.  How the Liquid Network hack unfolded  The incident began when attackers found a flaw in software used by Liquid, a Bitcoin-based network designed to support faster transfers and other financial services.  Through the weakness, around 4,000 Liquid Bitcoinswere generated, which were then exchanged for the real Bitcoin on the network. They [the attackers] described what they did as “white-hat” activity, and about3,400 BTCwas returned afterwards.  But Blockstream said that the negotiation it had before with the people behind it was just to get users funds back, and that it should not be interpreted as accepting their actions or demands.  Blockstream draws a line over the remaining bitcoin  In a public statement, Blockstream declared that it would not be paying a ransom to recover the remaining funds.  Taking assets without authorization and withholding their return is a crime, not responsible disclosure. It is not white-hat activity. It is theft.  Blockstream said they were not going to pay, stating that

09-12انڈسٹری

Apple has to pay Samsung for every iPhone Duo it sells under exclusive display deal

Apple (NASDAQ: AAPL) reportedly has to pay Samsung Electronics (KRX: 005930) $250 for every main folding panel fitted inside the iPhone Duo.  Leaker Instant Digital said on Chinese social network Weibo that the supply contract lasts three years. It covers the current Duo and the models Apple releases during that period. Samsung was already in possession of the exclusive screen contract because it was reported that Apple could not find any other manufacturer capable of giving the desired screen.  Apple is now bound to its main competitor in the phone-making industry for the expensive component. LG Display (NYSE: LPL), an important screen supplier for Apple, is not capable of manufacturing the flexible screen.  Discover more  Financial  News  Track Stocks Bonds  BOE Technology Group (SZSE: 000725) already sells folding panels to Huawei, but Apple reportedly decided BOEs version was not good enough for its phone. Samsung was therefore left as the only supplier that met the requirements.  Samsung secures three years of Apple orders as each inner panel costs $250  The display of the Duo is more difficult to produce as compared to the display that is present within the iPhone 18 Pro Max. The production process is quite complex for this reason, and hence, this increases the cost of

09-12انڈسٹری

Coinbase CEO sees Bitcoin at $400,000, but first it has to clear $81,000

Coinbase CEO Brian Armstrong says Bitcoins latest bottom is already in, even as the cryptocurrency remains below a level that historically confirmed recoveries.  Related Asset Bitcoin #1 BTC · $77,349.82 24-hour change: up 0.17% 24H Up 0.17% 7D Down 3.10% 30D Up 21.78%  Armstrong said in Sept. 10 interviews with Bloomberg and CNBC that he expects Bitcoin to trend higher over the next one to two years as the market approaches its next halving, while calling $400,000 by 2030 a “reasonable target.”  “I personally think weve seen the bottom of the Bitcoin price in this cycle,” Armstrong said, framing the view as his own rather than a Coinbase forecast.  Related Company Coinbase A leading digital currency company  The call comes with Bitcoin trading around $77,000, roughly 39% below the record $126,198 reached in October 2025. That leaves Armstrong wagering on a turn in the cycle before Bitcoin has reclaimed either its old high or a technical level that has historically helped distinguish durable recoveries from bear-market rallies.  Bitcoin still has one historical hurdle to clear  The immediate test sits above $80,000, where Bitcoin has repeatedly struggled and where its 50-week moving average has become an increasingly important marker.  Galaxy Research put that average at $81,473 on Sept. 2

09-12انڈسٹری

Decoding Zcashs $1.35B leverage flush: Will ZEC rebound to $1200 or...

Zcash [ZEC] entered a sharp correction after its extended rally carried the cryptocurrency toward the $1,300 price region.  At the time of reporting, ZEC had dropped 14.36% over 24 hours, erasing part of its recent gains after a rapid price uptrend.  This decline therefore reflects a notable shift from the strength that had recently pushed ZEC toward new highs.  What led to this price decline?  Reportedly, ZECs previous rally attracted considerable speculative activity, with the Open Interest hitting $1.35 billion. As a result, this elevated leverage left the bulls increasingly exposed once the price retreated from its highs.  For instance, Lookonchain reported that two leveraged ZEC longs were fully liquidated as the token pushed lower. The whales combined losses totaled around $4.33 million, highlighting the scale of forced position closures.  Historically, long liquidations usually accelerate declines since the leveraged positions get automatically closed when traders fail to maintain sufficient collateral.  Such forced selling likely amplified ZECs price correction as existing supply pressure triggered further liquidations.  Discover more  Currencies & Foreign Exchange  Brokerages & Day Trading  Merchant Services & Payment Systems  Removing excessive leverage could however limit forced selling if ZEC stabilizes and speculative positioning resets.  Macro pressure compounds ZECs overbought correction  Recently, the leverage flush unfolded as the broader market conditions remain unfavorable for

09-12انڈسٹری

CLARITY Act Update Leaves Ethics and Stablecoin Yield Fight Open

Key InsightsCLARITY Act update retained disputed ethics and stablecoin yield provisions.Revised text added rules covering non-decentralized finance trading protocols.Senate cloture vote remains scheduled for Sept. 15.  Senate Republicans released a new CLARITY Act update before the legislations Sept. 15 procedural test. The 630-page draft revised decentralized-finance and credit-union provisions while retaining disputed ethics and stablecoin-yield sections. Those unresolved issues could determine whether supporters assemble enough votes to move the crypto bill forward.  The Senate is not scheduled to vote on final passage Sept. 15. Instead, cloture on the motion to proceed to H.R. 3633 will ripen at 2:15 p.m. ET. A successful vote would limit debate on taking up the bill and allow the Senate to move toward formal consideration.  CLARITY Act Update Revises DeFi and Credit Union Rules  The revised Senate text expanded its decentralized finance framework. It defined non-decentralized finance protocols partly through identifiable parties control over rules or usage. The bill also directed the Commodity Futures Trading Commission to adopt tailored rules for covered protocols.  New CLARITY Act text lands before Senate vote. Source: X  That approach moved some decentralized finance activity closer to intermediary-style regulation. The text required regulators to clarify compliance duties for persons controlling covered protocols. It also preserved separate

09-12انڈسٹری

UniCredit Seeks Crypto Custody and Brokerage Technology Partner

UniCredit is evaluating external technology providers for direct digital asset custody and brokerage.The infrastructure could cover crypto exposure, tokenized investments, fixed income and stablecoin-related services.Previous investments in BlockInvest and VC Trade have already expanded the banks tokenized capital markets capabilities.Vendor selection will show how closely UniCredit intends to connect crypto services with its existing securities business.  UniCredit is looking for a technology provider to build direct digital asset custody and brokerage infrastructure, adding a client-facing layer to blockchain investments the Italian bank has already made across tokenized debt and settlement. According to Bloomberg, the selection process remains at an early stage, with no vendor chosen and no final decision on which services will reach clients. The project nevertheless moves the bank beyond individual tokenization initiatives toward infrastructure capable of supporting digital assets inside its broader financial business.  UniCredit evaluates custody and brokerage infrastructure  The technology search covers more than cryptocurrency storage.  UniCredit is considering infrastructure that could support crypto-asset exposure, tokenized investment products, fixed-income securities and stablecoin-related tools for clients.  Custody would require the bank to manage a different operational layer from conventional securities accounts. Institutional digital asset systems need controls around private-key management, transaction authorization, asset segregation and recovery procedures. A brokerage service must

09-12انڈسٹری

Bitcoin Golden Cross Flickers Off as Rate-Hike Bets Firm Up

In briefBitcoins daily 50-day EMA dipped back below its 200-day EMA Friday evening as BTC retreated to $77,438, undoing the golden cross that had briefly confirmed earlier in the session.The 4-hour charts golden cross is still intact, but momentum has cooled.The reversal tracks a hawkish repricing in rates markets: The odds of a hike at next weeks Fed meeting have spiked to 86% per CME.  Bitcoins brief flirtation with a confirmed daily golden cross is active but didnt survive the afternoon.  BTC is trading around $77,438 right now, still up 1.19% on the day but well off its earlier high near $79,837. The pullback tracks a rates market that turned more hawkish, not less, after inflation numbers landed today.  Todays CPI numbers showed the monthly core reading at 0.3%, hotter than the 0.2% analysts expected. CME FedWatch, which tracks probabilities implied by 30-day Fed funds futures, had the odds of a 25-basis-point interest rate hike at roughly 69% just after the inflation data landed. Those odds have since spiked to 86.5% in just the last few hours.  A rate hike would generally precede a risk off move from investors, meaning risk assets like Bitcoin and tech stocks would take a hit if the Fed

09-12انڈسٹری

US Treasury yields ease after CPI as Fed hike risks linger

US Treasury yields fall during the North American session on Friday following the release of US inflation data, but are poised to finish the week higher. The US 10-year Treasury yield is down one basis point to 4.951% but has gained over 16 basis points, or 3.49%, this week.  US yields cool, but the weeks inflation scare still bites  The US 30-year yield falls two basis points to 5.34% after hitting its highest level since 2007 at 5.38%, due to surging Oil prices fueled by the escalation of the US-Iran conflict, which has spread to Yemen, Houthis versus Saudi Arabia.  Recent US inflation data were mostly aligned with estimates, except for core CPI, which was in line with forecasts but ticked lower. Despite this, the red-hot PPI report a day ago and the surge in US yields this week ignited a Fed-hawkish repricing.  Money markets have priced in a 91% chance of a 0.25% rate increase by the Federal Reserve (Fed) at the next weeks meeting.  Other data showed that US consumers are becoming pessimistic about the economy and now expect higher prices due to a resurgence in fuel prices and rising trade tensions, particularly between the US and Canada.  In the meantime, the US Dollar

09-12انڈسٹری

Japanese Yen rises as the Greenback's inflation bounce fades

USD/JPY is trading around 153.70 on Friday, down for the day after briefly spiking above 154.50 following the US inflation release. The pair erased that move within hours as Yen strength overwhelmed the Dollar‘s knee-jerk bounce, leaving it back toward the lower end of its recent range following this week’s sharp slide from the mid-155s.  United States (US) Consumer Price Index (CPI) data held at 3.4% year on year in August, matching both Julys reading and market expectations, according to the Bureau of Labor Statistics (BLS). On a monthly basis, prices rose 0.4%, a marked pick-up from the 0.1% gain the month before. The core measure, which strips out food and energy, rose 0.3% on the month, above the 0.2% forecast, although the annual core rate eased to 2.4% from 2.5%.  The US Dollar (USD) climbed at first, helped by the firmer monthly core figure, but the move lost momentum quickly against the Japanese Yen (JPY), which has been among the strongest currencies this week. The initial rebound lacked the fuel to hold.  Markets see the central bank raising interest rates next week, with a 25-basis-point (bps) hike to 1.25% on the table, a move that would lift Japanese borrowing costs to their

09-12انڈسٹری

Former OpenAI Researcher Bets on AI Stocks After $35 Billion Wipeout

Six weeks after AI bets nearly wrecked his hedge fund, Leopold Aschenbrenner is putting money into the same companies again. His hedge fund, Situational Awareness, bought call options on AMD, Bloom Energy, CoreWeave, SK Hynix and SanDisk, CNBC reported, citing sources. The trades ran from late last week into this week.  The former OpenAI researcher became famous for a 2024 essay arguing that AI could reach human-level intelligence by 2027. He built an investment business around that belief, backing companies supplying the computing capacity and electricity AI needs.  July exposed how dangerous that bet had become. Borrowed money magnified falling share prices, triggering demands for cash the fund could not meet. Assets shrank from a peak above $45 billion to roughly $10 billion, according to CNBC.  Leopold Aschenbrenners Situation Awareness has reportedly been active in the options market while building significant stakes in $CRWV, $SNDK, $BE and $AMD.  Hes leaning right back into the AI trade after blowing up the fund earlier this year.   What July Cost Leopold Aschenbrenner  Ken Griffins Citadel bought distressed holdings at a discount. Situational Awareness kept private investments, including Anthropic. The SEC later subpoenaed Wall Street banks over their dealings with the fund. The reported inquiry carried no allegation of

09-12انڈسٹری
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