recovery

According to the official announcement, the Bitcoin sidechain Liquid Network developed by Blockstream has initiated an independent external security audit for Elements v23.3.4, providing additional security verification for the recovery of Peg-out operations.Meanwhile, the Liquid Federation is coordinating an update to the PAK list, including replacing existing key entries and ensuring that all Peg-out keys are securely stored in cold wallets. The official statement indicates that progress on the recovery will be announced later.

The government of Kazakhstan is promoting the use of associated gas to power cryptocurrency mining, in order to restore the mining industry affected by power restrictions. President Kassym-Jomart Tokayev signed a decree in July requiring the establishment of mechanisms for enterprises to conduct digital mining using associated gas.Daniyar Mubarakov, head of the Blockchain and Digital Mining Association, stated that the total amount of associated gas in Kazakhstan can be converted into 1.2 to 1.3 terawatt-hours of electricity, sufficient to support medium or large data centers or Bitcoin mines in some oil fields. The Ministry of Energy of Kazakhstan estimates that there are up to 60 oil fields in the country producing associated gas. Oil companies can sell waste gas to miners, reducing disposal costs by millions of dollars, while miners can lock in electricity prices for years, reducing dependence on grid power.The government of Kazakhstan is developing a relevant legal framework to clarify the operational rules for enterprises and regulate the market. Gizzat Baitursynov, Deputy Minister of AI and Digital Development of Kazakhstan, stated that this mechanism will increase government tax revenue and improve the environment.

Cryptocurrency trader Ansem stated that he is quite optimistic about the real recovery of NFTs in this cycle, and art-related NFTs may see a price increase again.Ansem mentioned that what is more noteworthy is the innovation surrounding the forms of NFTs, including AI agents, ownership mechanisms, new issuance methods, and different models of NFTs combined with on-chain products. He believes that as the broader rotation of on-chain assets is still in its early stages, there may be more new applications and design explorations in the NFT field in the future.

Bitget TradFi Chief Growth Officer Xie Jiayin issued an update on the platform's security incident, stating that the withdrawal time will be announced before noon tomorrow. The security team has identified the hacker's attack path and methods, and has grasped the details of how the attacker bypassed security measures, coming very close to tracing the source of the attack. The incident investigation by third-party security teams Mandiant and SlowMist is still ongoing, with a detailed report pending from the security team.On-chain tracking confirms that approximately $387.5 million has been transferred to the hacker's address, previously estimated at $351.6 million. This revision includes ZEC and TRX, and no other unauthorized transfers have been found. Xie Jiayin stated that the stolen funds at the platform level will be fully covered by the Bitget User Protection Fund, ensuring that user assets are not subject to any losses.Bitget has officially launched a fund recovery bounty program, offering a 5% bounty for voluntarily freezing the attacker’s funds and a 5% bounty for voluntarily recovering funds. The bounty also applies to assistance already provided. The platform has published the attacker's address, a real-time tracking dashboard, and a submission portal, with relevant information also available for submission through Bybit's Lazarus bounty platform.

Bitget stated that the withdrawal recovery plan will be announced before September 26 at 4:00 UTC (12:00 Beijing time) and thanked users for their patience.Bitget previously confirmed that approximately $387.5 million in assets were transferred to addresses controlled by attackers during this security incident, involving assets such as ETH, XRP, USDT, ZEC, USDC, USDT0, XAUt, BNB, AVAX, and TRX.Bitget claimed that the incident is currently under control, and no further unauthorized transfers have been detected. Withdrawals are temporarily suspended, and investigations and asset tracking are still ongoing.

According to Bitcoin News monitoring, this batch of Bitcoin is worth over 4 million dollars, accounting for about 2.8% of the total Bitcoin related to the Coldcard vulnerability. Crypto Recovery Trust will verify the ownership of the funds and attempt to return them.Alex Thorn, head of research at Galaxy Digital, stated that another 3.0134 BTC was transferred to that address in the same transaction, but its source has not yet been confirmed.

The President of the United States, Donald Trump, stated that he is working to restore smooth oil transportation in the Strait of Hormuz.

White hat actors transferred 40.71 bitcoins related to the Coldcard vulnerability into a single transaction, valued at approximately 3.31 million dollars. This transaction aggregated funds from 11 addresses and included OP_RETURN information pointing to the Crypto Recovery Trust.Alex Thorn, head of Galaxy Research, revealed that a larger aggregation transferred a total of 52.37 bitcoins, involving multiple clusters of attacker addresses, accounting for about 2.8% of the funds involved in the vulnerability. A firmware flaw in Coldcard devices from March 2021 led to insufficient randomness in the mnemonic phrases, with the peak amount of funds involved being approximately 130 million dollars.

The cross-chain protocol Chainflip disclosed that an attack incident targeting Tron USDT occurred yesterday. It has been confirmed that 736,442.17 USDT was stolen through 6 unauthorized payments, and an additional 115,654.41 USDT from user exchanges remains in the vault due to payment failures, while other funds were unaffected.Chainflip stated that the attacker exploited a vulnerability in the Tron transaction memo mechanism, attaching a custom memo to transactions that had already been signed by validators, causing the system to recognize the same deposit as a separate exchange and refund it again, ultimately leading to funds being paid out multiple times. The attacker executed 8 operations within approximately 90 minutes, gradually increasing the amounts. Chainflip claims to have completed a repair plan and has flagged the stolen funds to relevant authorities in an attempt to recover them, with operations expected to resume as early as Monday, and they will be responsible for compensating affected users for their losses.

According to Bitcoin News monitoring, DART stated that it, along with independent white hat researchers, has recovered over 50 BTC from wallets affected by the COLDCARD entropy vulnerability, completing the transfer before malicious attackers could steal them. DART is a digital asset recovery organization that collaborates with white hat researchers to protect vulnerable funds and coordinates their legal return to the owners.The white hat researchers did not request a bounty and will return the Bitcoin to the owners. The recovered BTC has been transferred to the Crypto Recovery Trust. This trust is a dedicated statutory trust established under Wyoming state law to hold recovered digital assets and return them after confirming and verifying the legitimate owners.The trust will document the recovery process, separating the BTC from DART and the researchers' funds, conducting blockchain analysis, ownership verification, and sanctions screening, and providing a legal return process for verified owners. If there is a dispute over ownership, or if the related funds are involved in sanctions or criminal proceedings, the BTC will be handled according to applicable legal procedures. DART stated that other vulnerable assets and recovery leads are still under review.

CryptoQuant analyst Axel Adler Jr. stated that the 30-day change rate of Bitcoin's realized market capitalization turned positive on August 24 after being negative for 87 consecutive days, and rose to +0.88% on September 6. The realized market capitalization reached $1.068 trillion, increasing by $9.36 billion over the past 30 days, indicating an improvement in the on-chain cost basis after a long-term contraction, and continued to rise during the period when Bitcoin's price fluctuated around $80,000.

Vitalik recently updated EIP-8141 "Frame Transaction" proposal, with core improvements including atomic batch execution of up to 64 operations, social recovery (similar to Google account recovery, without the need for a mnemonic phrase), P256 quantum-resistant signatures, and the ability for anyone to pay gas fees for users, significantly enhancing the usability of Ethereum wallets.It is reported that the improvement proposal was co-authored by Vitalik, lightclient, and 10 other experts, and is planned to be included in the 2027 Hegotá upgrade, marking a significant native implementation of Ethereum account abstraction.

U.S. Attorney General Todd Blanche posted on the X platform that this week cybercriminals launched password recovery attacks against hundreds of thousands of X users. The X platform successfully thwarted this attack to prevent user accounts from being hijacked, and the Department of Justice is working closely with X to track down the attackers.

The "Realized Cap Impulse" indicator for Bitcoin has recently ended a continuous 93-day negative state and has turned positive for the first time, marking the longest reversal signal after a capital contraction cycle since the bear market of 2022.This indicator measures the momentum of changes in the realized market capitalization by tracking the changes in realized cap, combined with factors of Bitcoin supply and price, to assess whether the flow of tokens with actual economic significance in the market is driving capital base expansion. The positive shift in the indicator does not merely reflect a price increase but indicates that the flow of funds within the Bitcoin network is changing.Data shows that the indicator broke above the zero axis on August 20 when the BTC price was around $73,000 and has maintained positive values for 8 consecutive days. Currently, the BTC price has risen to about $78,900, an increase of approximately 8% during this period.As of the latest, the indicator reading is 0.198, below the peak of 0.226 reached on August 26. Historical data indicates that similar signals at the end of bear markets have been accompanied by significant rebounds in Bitcoin: after the indicator turned positive in September 2015, Bitcoin rose about 160% within a year; after March 2019, it increased about 173% in 90 days; and after January 2023, it rose about 45% in 90 days, with a yearly increase of 104%.However, the realized cap momentum indicator is not an absolute signal of a cycle bottom. Similar positive shifts occurred in early 2018 and 2022, but the market did not immediately enter a sustained upward phase afterward. Analysts believe that the indicator's continued positive value, confirmed by price trends, is more valuable than a single-day breakthrough above the zero axis.

According to Cointelegraph, Bernstein analysts believe that USDC shows signs of "digital dollar re-inflation," with its supply surging by $2 billion in seven days.The institution maintains an outperform rating on Circle (CRCL), setting a target price of $140, and points out that USDC's trading volume share has surpassed that of USDT.

Geoff Kendrick, the Global Head of Digital Asset Research at Standard Chartered Bank, stated that Bitcoin could approach its historical high of $126,000 by the end of the year, with a related recovery potentially accelerating after October 6. He remarked, "For the first time this year, there is a risk that my prediction of $100,000 by the end of the year may be too low."Kendrick pointed out that the recent rise has been primarily driven by short liquidations, but inflows into Bitcoin spot ETFs have also begun to recover. The current open interest is low, which may leave room for more investors to re-enter the market as prices rise.In February of this year, Kendrick had lowered Standard Chartered's Bitcoin year-end target from $150,000 to $100,000 and the Ethereum target from $7,500 to $4,000. At that time, he expected Bitcoin to drop to around $50,000 and Ethereum to around $1,400, before recovering over the remainder of the year.

The "whale" has set "10 big goals" and will continue to update its trading trajectory and insights on the X platform tonight. It stated that at the position of 72500, it had considered re-entering a long position and had placed a limit order between 70500 and 71500, but it did not get filled. "I wanted to re-enter the long position that I had previously closed. At that time, I placed a long order in advance between 70500 and 71500, while also placing a short order near 76000. My expectation was that if it first retraced to 70500–71500, I would re-enter the long position; if it did not retrace and quickly surged to around 76000, I would make a correction after a round of upward movement. In the end, the long orders below did not get filled, and after the short order at 76000 was filled, the price continued to rise to above 79000.So looking back, the real mistake in this segment was not the medium to long-term direction, but underestimating the strength of this upward trend and trying to bet on a correction too early."Despite the recent loss on a short position, this whale still stated, "Currently, there is still a profit of around 70 million."

According to the latest stock derivatives exchange ranking released by RootData, the Top 5 exchanges saw a decline in 24h trading volume across the board.Among them, Binance had a 24h trading volume of approximately $21.033 billion, down 31.04%; Hyperliquid had a 24h trading volume of approximately $3.681 billion, down 31.01%; Gate had a 24h trading volume of approximately $2.805 billion, down 43.16%; OKX had a 24h trading volume of approximately $4.7 billion, down 41.39%; and Bitget had a 24h trading volume of approximately $2.2 billion, down 26.92%.At the same time, the positions in the crypto native contract market have significantly increased. According to Coinglass data, the total open interest for Bitcoin contracts is approximately 734,900 BTC (about $54.967 billion), with a 24h increase of 5.65%; the total open interest for Ethereum contracts is approximately 13,140,700 ETH (about $30.917 billion), with a 24h increase of 5.17%.

According to The Information, Microsoft's self-developed artificial intelligence chip project has shown signs of recovery after experiencing a slow start.