Liquid Network

Bitcoin's network hashrate has dropped to its lowest level in three weeks, while miners are selling off their BTC holdings. The decline suggests some mining operations are reducing activity, possibly under profitability pressure, and liquidating coins rather than holding them. Traders are watching whether the combination of falling hashpower and miner selling adds further selling pressure to the crypto market in the coming days.

A Gizmodo article argues that the hacks of Coldcard, the Bitcoin hardware wallet maker, and the Liquid Network, Bitcoin's sidechain for fast transfers, were the worst security breaches in Bitcoin's history. It examines how the incidents unfolded and what they reveal about vulnerabilities in even the most security-focused corners of the cryptocurrency ecosystem.