Flash News

TREE NEWS update: Kava Lend lost approximately $3.8 million in a hack that sent the KAVA token down nearly 40%. About 49.2 million KAVA was bridged to BNB Chain via LayerZero and sold for roughly $2.1 million in BNB and USDT.

TREE NEWS update: Trezor confirmed that three of its Safe5 hardware wallets were found with implanted circuit boards, the company said as it reduced its distributor network by about 80%. The hardware wallet maker did not specify which distributors were affected or where the tampered devices were discovered. The move follows scrutiny of supply-chain security for crypto hardware wallets.

TREE NEWS reports: Several crypto treasury concept US stocks fell over 24 hours, with Strategy (MSTR) down 10.1% to 99.11 USDT and BMNR down 10.0% to 15.72 USDT.COM data. The declines hit shares of companies holding bitcoin on their balance sheets.

TREE NEWS reports: Bitcoin dropped below 64,000 USDT on OKX, trading at 63,979.6 USDT, a 24-hour decline of 6.64%. The move puts the largest cryptocurrency under the 64,000 level as of the latest price data.

TREE NEWS reports: Prediction market predict.fun put GEN at 60% to defeat BLG in the League of Legends S16 World Championship final, a best-of-five played early Tuesday morning. GEN swept LYON and IG 3:0 in the quarterfinals and semifinals, while BLG blanked DK 3:0 and beat defending champion T1 3:1. Both mid laners, Chovy and Knight, are chasing a first world title.

TREE NEWS reports: ZCSH dropped 10.3% over the past 24 hours and was trading at 22.68 USDT.COM data. The move marks a sharp single-day decline for the token.

TREE NEWS update: The CFTC sued Louisiana on Friday to block a state judge’s order banning 31 prediction markets, including Kalshi and Polymarket, in the state. The lawsuit follows the Louisiana attorney general’s criticism of the CFTC chair, whom he called an “obsequious standard bearer” for prediction markets. The action sets up a federal-state clash over whether event contracts fall under CFTC jurisdiction.

TREE NEWS update: BitGo said its systems were not compromised in the Unocoin incident, stating that recent outbound transactions were signed by Unocoin’s own user key and backup key and broadcast directly on-chain outside the BitGo platform. BitGo’s third key was never used and other clients were unaffected. Unocoin, which uses a 2-of-3 self-custody wallet, detected an outbound transaction from an Ethereum address in its BitGo wallet infrastructure on Nov. 12 and has suspended all services.

TREE NEWS reports: U.S. spot crypto ETFs lost about $1.55 billion combined in the latest week, with bitcoin funds accounting for roughly $1 billion of outflows for a second consecutive week. Avalanche funds were the only category among the 15 tracked to post a weekly inflow, at $227,000.

TREE NEWS update: OpenAI has launched ChatGPT Wallet, letting AI agents buy products using ordinary payment cards rather than cryptocurrency. The product puts OpenAI in direct competition with crypto payment tools from Coinbase and Circle as companies vie to control everyday online shopping by autonomous software. The wallet uses conventional card rails, sidestepping on-chain settlement.

TREE NEWS update: KLM’s former CEO Camiel Eurlings used a power bank illegally on one of the airline’s passenger flights in September, causing a fire, Dutch media reported on November 13. KLM has filed a complaint against Eurlings with prosecutors over the incident.

TREE NEWS reports: Wallets associated with early Bitcoin advocate and ShapeShift founder Erik Voorhees spent $97 million to buy 48,647 ETH over the past four days at an average price of $1,994. The wallets still hold $78.68 million in stablecoins and may continue buying.

TREE NEWS update: Kava said on November 14 that recent on-chain activity involving cross-chain transfers and sales of KAVA tokens on BSC was not infinite minting, describing the incident as isolated and contained within Kava Lend. Partner exchanges have suspended deposits and withdrawals as a standard precaution, with more information to be released.

TREE NEWS update: Kava said it is tracking abnormal behavior originating from a decentralized application within its ecosystem and has opened a high-priority investigation, with an official update to follow soon. The KAVA token was trading at $0.03679, down 46.51% over 24 hours.

TREE NEWS update: Thailand launched a new payment app called WORPT that lets foreign tourists convert cryptocurrency into Thai baht and pay at shops and restaurants by scanning locally used barcodes, without opening a Thai bank account. The app was developed by Wipay and Waan Exchange, the latter founded by Chaval Jiaravanon of the Chearavanont family, and operates under the TouristDigiPay regulatory pilot launched by Thailand’s Securities and Exchange Commission.

TREE NEWS reports: FortiGuard Labs has disclosed an attack campaign targeting internet-exposed Microsoft SQL Server databases, in which attackers brute-forced weak passwords and misconfigurations to gain entry, then enabled xp_cmdshell to plant two payloads: a Monero miner disguised as MicrosoftEdgeUpdate.exe and a Gh0st RAT variant with keylogging and screenshot capabilities. Both payloads persist via registry and scheduled-task modifications. The campaign has been active since early October 2026; victim counts are unconfirmed and no attribution has been made.

TREE NEWS reports: Crypto venture capital has been in a slump for nearly two years and is close to a standstill, a decline that Compound general partner Michael Dempsey traces back to 2024. In an Empire podcast interview, Dempsey said developers who once pursued crypto have moved to artificial intelligence, with funding following them, and contrasted the current climate with 2021, when tech founders rushed into crypto. He also flagged structural problems with token incentives, saying tokenization has real potential but token incentives struggle to align long-term interests.

TREE NEWS reports: Santiment ranked Dash first, Chainlink second and HOPR third among privacy-focused crypto projects by GitHub development activity over the past 30 days, in a ranking published on Nov. 13. Zama, NYM, Zcash, Monero, Dusk, Aztec and Anyone completed the top ten. Santiment marked Dash and HOPR as rising from the prior update and Chainlink as slightly lower. The ranking tracks commits and pull requests to measure engineering output.

TREE NEWS update: Strive Inc. (ASST) CEO Matt Cole said on the Pomp Podcast Thursday that the company could survive even if bitcoin fell to one cent, because it carries no debt that could force it to sell its bitcoin. Cole said Strive raised capital only through preferred stock, so there is no price at which its bitcoin would be forcibly liquidated, unlike leveraged bitcoin buying. Strive issues two preferred shares: SATA paying a floating dividend of about 13%, rising to 13.25% in December, and SATS paying a fixed 15% dividend.