Weekend Edition · Sep 12 — Liquid hack, Clarity Act vote, and…

Weekend Edition — the week in review. • Blockstream's Liquid sidechain was drained of ~4,000 BTC; the attacker returned most but kept 598.5 BTC worth $47.3M — raising serious questions about federated Bitcoin L2 security • Senate Republicans released a revised 630-page Clarity Act ahead of a September 15 cloture vote — the most consequential US crypto market-structure bill to date, requiring 60 votes to advance • 21 major institutions including BofA and Citi committed to a joint USD stablecoin targeting H1 2027 — a bank-consortium dollar token that would directly challenge USDT and USDC dominance