Blockstream bets 600 Bitcoin by rejecting Liquid hacker’s $50 million bounty demand
Blockstream is refusing to pay the Liquid attacker nearly 600 Bitcoin (roughly $50 million), escalating a dispute over how the crypto indust...
Morning market briefing
Ethereum ETF inflows, tokenized market plumbing and Liquid’s unresolved reserve gap set the tone for a morning heavy on structure risk.
Blockstream is refusing to pay the Liquid attacker nearly 600 Bitcoin (roughly $50 million), escalating a dispute over how the crypto indust...
Executive scan
The early desk has a clear split: Ethereum products drew fresh institutional demand while Bitcoin ETFs saw modest outflows, keeping relative flow momentum in focus. BlackRock clients reportedly bought $149 million in Ethereum ETF exposure, and separate coverage put one-day ETH ETF inflows at $216 million versus $13 million leaving Bitcoin ETFs.
Tokenization remains the busiest lane. Canada’s banking regulator cleared tokenized deposits as not legally distinct from traditional deposits, while reports tracked $346 billion in tokenized assets across 47 asset types, rising tokenized ETF deposits into DeFi, and onchain equities overtaking governance tokens in user engagement. The risk file is less tidy: Blockstream rejected a nearly 600 BTC Liquid attacker demand, while L-BTC trading resumed with reserves covering 85% of supply.
Market read
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Main signals
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Market watch
Watch ETF flow rotation, tokenized equity activity and DeFi deposit growth for signs of durable participation versus headline churn.
Policy and risk
Policy focus shifts to Canada’s tokenized deposit stance and the US tax markup, while Liquid remains the live security overhang.
Source trail