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According to Bitcoin News monitoring, Liquid Federation released an incident report stating that attackers exploited a cache vulnerability in the Elements range proof verification to mint approximately 4,000 unbacked L-BTC, which were then exchanged for real BTC through the authorized exit anchoring path via SideSwap. The Liquid authority considered the related transactions valid and released approximately 4,000 BTC from the federal reserve.Before the incident, Liquid held about 4,205 BTC, and the minimum reserve dropped to 197 BTC before operations were suspended. The self-identified white-hat attackers have since returned 3,400 BTC, with about 598.5 BTC still unreturned. No private keys were leaked, and the exit anchoring mechanism itself operated as designed. Liquid is currently still offline, and Blockstream is preparing to release an emergency version of Elements v23.3.4 and is working to restore the network with 1:1 Bitcoin reserve support.

According to The Block, Hyperliquid's total open interest (OI) reached $14.3 billion on Sunday, close to the level before the crash on October 10, 2025. On that day, Hyperliquid's OI dropped by about 56% in a single day, from $14.7 billion to $6.5 billion. The subsequent recovery occurred in two phases: HIP-3 increased its share of total OI from 18% to over 34% between March and August, with August HIP-3 OI setting a record of over $4.44 billion; however, in the past month, total OI increased by $3.57 billion, while HIP-3 OI decreased by $119 million, with its share dropping from 34% to 25%. The two catalysts driving growth include: Coinbase began directing Base App users to Hyperliquid in mid-August, and President Trump stated that the CFTC is working to bring Hyperliquid to the U.S. in a compliant manner. Notably, HIP-3 builders can retain up to half of the trading fees in the deployed market, which has impacted Hyperliquid's financial condition—its total revenue dropped from a peak of $457 million in Q3 2025 to $202 million in Q2 2026. Core crypto perpetual contracts allocate about 97% of fees to HYPE buybacks, so the OI returning to core business is far more valuable to HYPE than the OI generated through builders.

According to Coinglass data, BNC's liquidation amount in the past 12 hours reached 4.06 million USD, with short liquidations amounting to 3.49 million USD and long liquidations amounting to 570,000 USD. The largest single liquidation amount was 623,440 USD.

According to Coinglass data, if ETH breaks through $2,582, the cumulative short liquidation intensity on mainstream CEX will reach $1.132 billion. Conversely, if ETH falls below $2,347, the cumulative long liquidation intensity on mainstream CEX will reach $631 million.

According to Onchain Lens monitoring, a trader on Hyperliquid had a total position of 1.15 million dollars in BTC and SOL that was liquidated a few minutes ago, resulting in a loss of approximately 42,000 dollars.This wallet has historically experienced a total of 7 liquidations, but its perpetual contract trading is still profitable by about 632,000 dollars.

According to Coinglass data, if Bitcoin falls below $76,000, the cumulative long liquidation intensity on major CEXs will reach $1.017 billion. Conversely, if Bitcoin breaks above $80,000, the cumulative short liquidation intensity on major CEXs will reach $1.224 billion.The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart represent the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain position will be affected. Higher liquidation bars indicate that once the price reaches that point, there will be a stronger reaction due to liquidity waves.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was 197 million dollars, with long positions liquidated at 133 million dollars and short positions liquidated at 64.7558 million dollars. Among them, Bitcoin long positions were liquidated at 41.1194 million dollars, Bitcoin short positions at 6.4902 million dollars, Ethereum long positions at 18.4855 million dollars, and Ethereum short positions at 11.3667 million dollars.In addition, in the last 24 hours, a total of 75,773 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD worth 1.8096 million dollars.

According to CoinDesk, data from Curve Finance shows that its lending market has recorded a total of 704 "soft liquidation" events, involving 602 borrower addresses, with a median duration of 14.5 days, of which a quarter lasted at least 38.9 days, and some positions remained within the liquidation range for several months. Of these soft liquidations, 476 began in the first half of 2026. Unlike traditional lending protocols such as Aave and Compound, Curve's LLAMMA system does not sell off collateral all at once after the price drops below a threshold, but gradually converts collateral into borrowed assets within a price range. If the price rebounds before the loan completely fails, some or all of the conversions may be reversed. This means that borrowers are not in a grace period; their collateral has been partially liquidated during the loan's duration, but they still have the opportunity to restore their positions if the price reverses. However, soft liquidations are not without costs. Data shows that borrowers may still incur losses due to transaction fees, conversions, rebalancing, interest, and bid-ask price fluctuations, and if the market remains unfavorable, positions may still fall into hard liquidation. Curve Finance is a mainstream DeFi protocol focused on stablecoin exchanges and crvUSD lending, currently holding approximately $1.35 billion in deposits, with a DEX trading volume of about $3.4 billion over the past 30 days and active loans of about $46 million.

Liquid Capital founder Yi Lihua stated that, reflecting on his observations since entering the cryptocurrency industry at the end of 2015, the choice of direction is crucial aside from personal efforts. He believes that the groups that can achieve long-term results more easily in the cryptocurrency industry mainly include three categories.One category is the holders of BTC / ETH / BNB, including mining, holding coins, and mining pools, which is a time compound interest return. Another category is those involved in trading infrastructure, including quantitative arbitrage, trading platforms, and stablecoins. The last category is projects and market makers, which belong to asset issuance and asset control.Yi Lihua also mentioned that investors and contract players overall experience more failures than successes; the model is similar to that of hunters, where one must go out to hunt every day to have something to eat, with low compound returns amidst high risks.

CoinMarketCap released the RWA perpetual contract market report for August 2026. The report shows that from December 29, 2025, to August 31, 2026, the cumulative trading volume of the RWA perpetual contract market has exceeded $3.16 trillion.From the platform distribution perspective, Binance leads with approximately $1.59 trillion and a market share of 50.4%. Hyperliquid ranks second with $542.8 billion, accounting for 17.2%; OKX ranks third with $345.1 billion, accounting for 10.9%; Bitget ranks fourth with $238.2 billion, accounting for 7.5%. The top four platforms together account for about 86% of the market share.

According to the latest data from RootData's tokenized asset dashboard, the top 3 assets by depth for the exchanges Binance, OKX, and Hyperliquid are as follows:The top three assets by depth on Binance are CL_2 (approximately 12.92 million USD), XAG (approximately 11.54 million USD), and SPCX (approximately 8.05 million USD).The top three assets by depth on OKX are SPCX (approximately 2.67 million USD), SNDK (approximately 2.52 million USD), and MU (approximately 1.63 million USD).The top three assets by depth on Hyperliquid are SNDK (approximately 10.20 million USD), SPCX (approximately 7.62 million USD), and MU (approximately 6.05 million USD).It is reported that this statistical scope only includes native crypto asset types such as contracts and tokenized assets, excluding data from traditional stock brokers.

Gate Europe CEO Dr. Giovanni Cunti stated in a LinkedIn post that financial markets are becoming increasingly interconnected, with digital assets, stablecoins, and tokenized assets merging with traditional finance, reshaping the pathways for cross-border capital flow. The core of liquidity is no longer just depth and trading volume, but also the efficiency of capital circulation and the ability to access it instantly.He emphasized that future liquidity not only means more capital but also aims to make capital flow more easily and be accessed more efficiently, achieving better connections between different markets. Broad market access can break the fragmentation of liquidity and enhance the efficiency of capital operations. As stablecoins accelerate payment settlements and tokenization introduces new assets, the focus is on promoting seamless collaboration across all links.Relying on the compliance foundation of the MiCA and payment institution PI dual licensing system, Gate Europe has established highly regulated operational standards to enhance the confidence of institutions, enterprises, and investors with a clear regulatory framework. He pointed out that Europe is advancing digital asset innovation alongside regulatory compliance. Gate Europe stated that it will continue to empower this transformation and work with industry partners to shape the future together.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 7.95 billion USD, with long positions totaling 3.786 billion USD, accounting for 47.62% of the holdings, and short positions totaling 4.164 billion USD, accounting for 52.38% of the holdings. The profit and loss for long positions is 452 million USD, while the profit and loss for short positions is -518 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a full margin of 5 times at a price of 2262.95 USD, currently showing an unrealized profit and loss of -23.0186 million USD.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was 178 million dollars, with long positions liquidated at 122 million dollars and short positions liquidated at 55.79 million dollars. Among them, Bitcoin long positions were liquidated for 35.5168 million dollars, Bitcoin short positions for 5.8416 million dollars, Ethereum long positions for 17.0305 million dollars, and Ethereum short positions for 13.31 million dollars.In addition, in the last 24 hours, a total of 65,365 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD worth 2.8439 million dollars.

According to Coinglass data, if BTC breaks through 82,874 USD, the cumulative short liquidation intensity on mainstream CEX will reach 1.356 billion USD. Conversely, if BTC falls below 75,576 USD, the cumulative long liquidation intensity on mainstream CEX will reach 1.132 billion USD.

Self-proclaimed "white hat hackers" extracted about 4,000 BTC from Liquid Network and have returned 3,400 BTC (approximately $269.2 million) to the federal wallet of the sidechain on Monday, recovering about 85% of the funds. The incident began on Sunday when a customer sent 4,000 L-BTC to SideSwap's peg-out service. The attackers claimed to be "white hat hackers" through Bitcoin transaction messages and demanded that the vulnerability be fixed first. Blockstream then sent a signed message stating that "the bridging node has been patched and funds can be safely returned," after which the attackers transferred the funds. Nevertheless, about 598.5 BTC (approximately $47 million) remains in the related address. Ledger's Chief Technology Officer Charles Guillemet expressed skepticism about the "white hat" claim, stating that if this were a negotiated reward under on-chain crypto contracts, it looked more like extortion. Liquid has disabled the bridging nodes and requested exchanges to suspend L-BTC deposits and withdrawals, but has not yet announced a plan for handling the remaining funds or when normal operations will resume.

According to Coinglass data, if ETH breaks through $2,611, the cumulative short liquidation intensity on mainstream CEX will reach $989 million. Conversely, if ETH falls below $2,368, the cumulative long liquidation intensity on mainstream CEX will reach $715 million.

According to monitoring by Lookonchain, a newly created wallet (0x434b) deposited 700,000 USD into Hyperliquid and opened a long position of 1.02 billion PUMP with 6x leverage, with a position value of approximately 4.7 million USD and a liquidation price of 0.003916 USD.