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Harmony Proposes Halting Layer-1 and Moving ONE to Ethereum

Harmony, the Ethereum-compatible blockchain protocol, has outlined a plan to sunset its own network and migrate its native ONE token to Ethereum. The proposal—seven years after Harmony launched its mainnet—calls for a final blockchain snapshot, an ERC-20 ONE token issuance on Ethereum, and coordinated steps for validators and users to wind down activity on the original chain. Harmony says the move is intended to be orderly and non-binding, with a migration built around on-chain balances at the final block. However, the proposal leaves key execution details unclear—most notably whether the plan will be formally submitted through Harmony’s validator-led governance process and when the last block would be produced. Key takeaways Harmony proposes a network sunset after taking a final snapshot and issuing ERC-20 ONE tokens on Ethereum to the same addresses. Balances would be recorded automatically at the final block, with ERC-20 ONE airdropped to those addresses on Ethereum without requ...
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Bitcoin ETFs Record $987 Million In Inflows As Institutional Demand Returns

US-based spot Bitcoin ETFs recorded $987 million in net inflows last week, a clear indicator that institutional demand for the asset has recovered. Last week’s inflows have extended the positive flows to three straight weeks. Spot Ethereum ETFs also extended their inflow streak, recording $218.4 million in net inflows last week. Spot Bitcoin ETFs Record Third Week Of Positive Inflows Spot Bitcoin ETFs recorded $987 million in net inflows last week, extending their positive streak to three straight weeks thanks to returning institutional demand. An analysis of CoinGlass ETF data shows the investment products starting the previous week with a $216.70 million inflow, followed by $236.50 million in outflows on Tuesday. The ETFs returned to positive territory on Wednesday with $101.10 million in net inflows, $730.80 million on Thursday, and $174.60 million on Friday. BlackRock’s IBIT led weekly inflows with $691.5 million, followed by FBTC with $138.6 million, and ARKB with $137.7 million. ...
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British Man Reclaims £3.3 Million in Bitcoin After 12-Year Fight to Recover Lost Wallet

A British man has recovered 61 Bitcoin worth approximately £3.3 million after spending 12 years trying to regain access to cryptocurrency he feared was gone forever. Chris, who has chosen not to reveal his full name, bought the Bitcoin for around £1,500 in 2011 through Britcoin, one of the UK's early cryptocurrency exchanges. The platform was later renamed Intersango before eventually shutting down, leaving customers struggling to access their funds. At the time his account became inaccessible, Chris's Bitcoin was worth only around £4,000. More than a decade later, the same holdings had become a multimillion-pound fortune. Key Takeaways A British investor has recovered 61 BTC worth about £3.3 million after losing access to the coins for 12 years. Chris originally invested approximately £1,500 in Bitcoin through Britcoin in 2011. His funds became inaccessible after Intersango, the exchange that later operated Britcoin, shut down. Lawyers helped establish his ownership using hist...
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Liquid Sidechain Halts After ‘White Hats’ Allegedly Move $320M BTC

Bitcoin sidechain Liquid has paused operations after the federation that governs the network lost roughly 4,000 BTC worth about $320 million to actors who claimed they were “white-hat” hackers. Liquid’s operators disabled bridge nodes and moved to stop L-BTC deposits and withdrawals, while stressing that other Liquid-issued assets were not affected. Blockstream, the technology provider behind Liquid, said it corresponded with the actors through signed on-chain messages. The actors told Blockstream they would return most of the Bitcoin after the underlying vulnerability was fixed and every node installed the patch—though, at the time of publication, the funds had not yet been returned. Key takeaways Liquid disabled bridge nodes and halted new bridge transactions after about 4,000 BTC was withdrawn from its federation wallet. L-BTC deposit and withdrawal processing was halted or expected to be halted by exchanges, while other Liquid-issued assets reportedly continued without interrup...
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Harmony Suggests Closing L1, Moving ONE to Ethereum

Harmony is moving toward a full shutdown of its blockchain and a migration of its ONE token to Ethereum, according to a proposal shared by the network. The plan would culminate in a final network snapshot, followed by an airdrop of ERC-20 ONE tokens to the same addresses on Ethereum and steps to transition validator operations. The announcement arrives after a recent Harmony exploit that involved the minting of unauthorized ONE tokens and raised the prospect of a rollback. With the latest proposal, Harmony’s approach appears to shift from repairing a compromised chain to ending the network as a standalone platform. Key takeaways Harmony’s proposal targets a final block snapshot and issuance of ERC-20 ONE tokens on Ethereum, with holders receiving the new tokens to the same addresses. Harmony says the snapshot would include wallets, staking delegations, validator rewards, smart contracts, and centralized exchanges, with “no claims required.” The migration is not presented as bindi...
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Liquid Sidechain Halts After White Hats Withdraw $320M in BTC

Liquid, the Bitcoin sidechain operated by Blockstream, has paused operations after actors who claim they are “white-hat” hackers withdrew roughly 4,000 BTC from Liquid’s federation wallet—an amount the report describes as worth about $320 million. The move has triggered a wider shutdown of bridge activity, with Liquid saying new transactions are currently blocked. On Sunday, Liquid said it disabled bridge nodes, halting activity that would otherwise allow users to move funds between Bitcoin and Liquid’s network. Exchanges, meanwhile, were either already stopping deposits and withdrawals of L-BTC or preparing to do so, according to Liquid’s public statements. Key takeaways Liquid disabled bridge nodes after actors withdrew about 4,000 BTC from the federation wallet, leaving the sidechain in a paused state. Liquid and Blockstream say they contacted the actors through signed on-chain messages seeking a remediation and coordinated return of funds. Liquid estimates the withdrawn BTC r...
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Hodler’s Digest: White-hat whale moves 4,000 BTC; spot ETFs top 2026 inflows

A reported “white hat” actor has taken nearly 4,000 Bitcoin worth about $319 million from the Liquid Network, according to an incident update posted by the Blockstream-run sidechain community. Liquid subsequently paused bridge operations and asked exchanges to stop both LBTC deposits and withdrawals while it investigates what went wrong. Liquid Network says the withdrawal was executed via SideSwap using a Peg-out Authorization Key, while insisting that the key used was not compromised. Still, the federation wallet balance shown in Liquid’s explorer dropped sharply—from roughly 4,200 BTC to about 207.275 BTC—prompting renewed scrutiny of how Liquid’s peg security functions when something unusual bypasses expected controls. Key takeaways Liquid says bridge nodes were disabled temporarily, effectively pausing the Liquid sidechain until the issue is resolved. The incident involved an LBTC peg-out executed through SideSwap, with Liquid stating the Peg-out Authorization Key was not compr...
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