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Odaily News: According to Bitcoin News, Liquid Federation released an incident report stating that an attacker exploited a vulnerability in Elements' range proof verification cache to mint approximately 4,000 unbacked L-BTC, which were then exchanged for real BTC via the authorized exit peg path on SideSwap. Liquid's functionaries treated the transactions as valid and released approximately 4,000 BTC from the federation reserves. Before the incident, Liquid held about 4,205 BTC, and reserves dropped to a low of 197 BTC before operations were suspended. The attacker, claiming to be a white hat, has since returned 3,400 BTC, leaving approximately 598.5 BTC unrecovered. No private keys were compromised, and the exit peg mechanism itself functioned as designed. Liquid remains offline, and Blockstream is preparing to release an emergency version of Elements v23.3.4 and working to restore the network backed by a 1:1 bitcoin reserve.

Odaily News: Bitcoin fell below $78,000 on Tuesday, hitting a low of $77,603 before recovering to around $78,600; as of 11:20 a.m. ET Tuesday, its market cap was approximately $1.58 trillion.

The recent price volatility triggered $79 million in Bitcoin position liquidations, with long positions accounting for about 90%. Total crypto market liquidations reached $264 million, including $187 million in long positions and $77 million in short positions.

The U.S. Bureau of Labor Statistics will release the August Producer Price Index (PPI) and Consumer Price Index (CPI) on Thursday and Friday, respectively. (Bitcoin.com News)

Odaily News: Bitcoin News posted on X that, according to WELT, the German Ministry of Finance is drafting a tax reform plan to tax gains from Bitcoin and other crypto assets purchased after December 31, 2026, without applying the holding period exemption. Existing holdings will still be subject to current rules, meaning they can be sold tax-free after being held for more than one year. The relevant law is planned to take effect in 2027, with the first tax withholding possibly starting in 2028. The draft is still in its early stages and may be adjusted later.

Odaily News: US Treasury Secretary Bessent said that the expansion of the US Treasury buyback program last month was intended to calm the 'frenzy' sentiment forming in the bond market and push market prices back to equilibrium. Bessent stated that he cannot change the market equilibrium price but hopes to reduce excessive speculation in the market. He noted that if investors were truly concerned about US debt creditworthiness, they would sell Treasuries and buy German bunds, but current market behavior does not reflect such concerns.

Bessent denied that the Treasury's bond buybacks are equivalent to the Federal Reserve's quantitative easing, saying the measure is more akin to the Fed's past 'Operation Twist.' The expansion of the buyback program comes against the backdrop of the 30-year Treasury yield rising to its highest level since 2007.

Odaily News: Bitcoin News posted on X that CoinCorner has partnered with AnchorWatch to launch Vault, offering multi-institution bitcoin custody services for UK clients, underwritten by Lloyd's of London. CoinCorner and AnchorWatch each hold a key, and neither party can transfer clients' bitcoin alone. All bitcoin deposits are insured.

Odaily News: According to Hyperbot data, "Machi Big Brother" Huang Licheng has again opened a 40x leveraged long position on Bitcoin, currently holding 147 BTC with a position value of $11.566 million and an unrealized profit of $46,000.

Odaily News: Well-known trader Bonk Guy said on the X platform that PONS' daily revenue over the past week has mostly been above $1.3 million to $2 million, with no day below $1.1 million in the last 7 days. Meanwhile, the PONS buyback wallet has accumulated nearly $3 million in funds, which are used for continuous buybacks of PONS via TWAP, and the replenishment rate from fee income is currently faster than the rate of buyback fund consumption.

In addition, PONS' market share on Robinhood Chain recently hit an all-time high of 80%, maintaining between 75% and 80% for most of the past week; on Saturday, the number of tokens launched in a single day reached 28,560, and in the past 24 hours, approximately 27,600 tokens were launched. Bonk Guy believes that despite the cooling of Robinhood Chain's popularity, PONS' market share, token issuance volume, and revenue continue to rise, indicating that its dominant position in the on-chain launchpad sector is further consolidated.

Odaily News: U.S. President Donald Trump touted the stock market and economic data, having earned over $2 billion in his first year back in the White House, with a significant increase in stock and bond investment trading, which has repeatedly sparked controversy and criticism from the opposition party.

Trump responded: "I'm doing this for our country, not for myself. I've made hundreds of billions of dollars for America—not myself—through stocks and holding other various assets, and all I get in return is criticism from the radical left 'stupid Democrats.' It's so unfair, but what can I do!"

Odaily News: According to Lookonchain monitoring, a whale spent 280.5 ETH ($696,000) a week ago to buy 2 million PONS at $0.347 each, with an unrealized profit of $830,000. Three hours ago, the same whale spent 575.2 BNB ($431,000) to buy 12.12 million 4Stock at $0.0356 each, with an unrealized profit of $81,000.

Odaily News: Bitcoin News reported on X that French Bitcoin treasury company Capital B has purchased an additional 376 BTC for €25.3 million, bringing its total holdings to 3,521 BTC. The purchase was funded by a recent financing round, including a €28 million private placement, with Adam Back contributing an additional €7.6 million, executed by Swissquote. The average cost of all Bitcoin in Capital B's treasury is €87,878 per BTC.

Odaily News: Christine D. Kim said on X that last Thursday, Bitcoin Core developers held their weekly meeting to discuss whether the team is lagging behind in AI adoption. Spiral lead Steve Lee stated that donors and community members are concerned that the Core project has neither adequately defended against AI cyber threats nor effectively utilized AI to assist in code review, testing, and troubleshooting. This month, over 5,200 Bitcoin addresses have been hacked, with losses exceeding 1,800 BTC; hackers reportedly used Kimi K3 to discover a vulnerability in the Coldcard wallet, and the CLN client also urgently patched critical vulnerabilities due to a surge in AI-generated reports.

Odaily News: According to Lookonchain monitoring, U.S. Bitcoin ETFs saw a net inflow of 398 BTC today, with a 7-day net inflow of 8,937 BTC; Ethereum ETFs saw a net outflow of 19,667 ETH, with a 7-day net inflow of 15,939 ETH.

Odaily News: According to Lookonchain monitoring, an Ethereum OG whale sold 11,000 ETH worth $27.23 million through Wintermute an hour ago.