Liquid Network loses $320M, CLARITY vote nears, Bitcoin ETFs shed $463M | Weekly recap
During the weekly trading recap, digital asset markets experienced significant volatility and institutional divergence. Liquid Network suffered a major security incident after an unauthorized withdrawal of approximately 3,996 BTC valued at around $320 million forced a temporary halt of network transactions, though 3,400 BTC was subsequently returned by purported white-hat actors. Meanwhile, U.S. spot Bitcoin ETFs recorded four consecutive sessions of net outflows totaling $462.7 million from September 8 to September 11, with Thursday accounting for the largest single-day loss at $282.7 million. In contrast to Bitcoin's institutional outflows, spot Ethereum funds demonstrated relative strength by attracting $196.9 million in net inflows, while Solana products added $9.7 million. Bitcoin's spot price slipped under $78,000 to touch $76,676 after elevated U.S. producer price index data, but later reclaimed the $78,000 threshold as consumer inflation figures matched market expectations. Regulatory and enforcement developments also dominated market attention. Lawmakers faced deadlock ahead of a critical Senate procedural vote on the CLARITY Act, while the Department of Justice restrained over $52 million in crypto assets tied to illicit laundering networks.