Liquid Network Recovers 3,400 BTC After Security Incident

The Liquid Network has recovered 3,400 BTC from a security incident that caused the loss of around 4,000 BTC. In its update on the 18th, the Liquid Network announced that block creation and some on-chain transactions have resumed, but peg-out repayments converting LBTC to Bitcoin (BTC) will remain suspended until security recovery is complete. Approximately 600 BTC remains unrecovered.

The U.S. Commodity Futures Trading Commission (CFTC) issued a conditional no-action position regarding manual trading software providers. On the 17th, the CFTC stated in No-Action Letter 26-25 that enforcement actions would not be pursued against businesses meeting certain conditions for failing to register as introducing brokers. However, it clarified that holding user assets and discretionary order routing are not permitted, with ABMedia noting this does not signal broader regulatory easing for virtual assets.

Reporting from Foresight News indicates Bithumb plans to restrict deposits and withdrawals of virtual assets related to Bitbank3, which was added to the U.S. Treasury's Office of Foreign Assets Control (OFAC) sanctions list on the 17th. Bitbank3 is an Iranian-based cryptocurrency exchange.

MetaMask introduced a feature that automatically reverses Ethereum transactions if simulation results differ from actual outcomes. The MetaMask blog post on the 17th announced 'Added Protection,' which targets red-pill attacks where malicious contracts behave differently in two stages, ensuring users only pay network fees while assets remain in their wallets.

JPMorgan analysts suggested Bitcoin could see relatively stronger support than gold if ETF hedge demand weakens. A team led by Nikolaos Panigirtzoglou analyzed Bitcoin and gold ETFs' short positions, options, and capital flows. The Block reported a disparity in hedging demand between BlackRock's Bitcoin ETF IBIT and State Street's gold ETF GLD.

Global listed companies have purchased 5,900 new BTC over the past three months, representing about 6.6% of the 89,000 BTC bought in July last year. MarsBit reported that the average acquisition cost for corporate-held Bitcoin is $85,000 per coin, slightly above current spot prices.

The Bitcoin network's 30-day average hash rate rebounded to 935.4 EH/s as of November 11, up from a 60-day average of 917.4 EH/s. Crypto Exponential noted the increase but highlighted that it has not yet reached last year's peak levels.

Bottomline launched Global Pay Connect, a blockchain payment platform for over 600 bank clients, allowing access to blockchain payment networks while maintaining existing infrastructure. Chainlink applied cross-chain interoperability protocol CCIP and runtime environment CRE on its platform as of the 17th to adjust on-chain and off-chain payment flows.

Across opened a portal for ACX token holders to exchange tokens for equity in Across, Inc., or USDC at $0.04375 per token (approximately 60 KRW). Both options are available until January 8, 2027, after which ACX's governance, utility, and economic functions will cease.

Global oil prices fell about 1% due to expectations of increased supply from Saudi Arabia. Brent crude traded at $103.77 per barrel (approximately 143,306 KRW), while West Texas Intermediate (WTI) crude was at $100.88 per barrel (about 139,315 KRW) as of 9:20 a.m. on the 18th.