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: 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: Injective’s Veyra mainnet upgrade proposal has drawn support from more than 99% of staked INJ voters, the project said on November 14. If the current trend holds, the proposal will pass in two days. The vote opened earlier, and the upgrade is scheduled for execution on November 24 if approved.

TREE NEWS reports: Pennysia users are being urged to revoke token approvals after an exploit drained funds from four addresses, onchain records show. Swaps on the platform were disabled before SlowMist issued its public warning about the incident. The drain affected four addresses.

TREE NEWS reports: A single contract account has accumulated losses of about $35.59 million while adding a net 217.58 BTC to its short position, valued at roughly $14.58 million, bringing its total short to 500 BTC. The address, 0x1f250df59a777d61cb8bd043c12970f3afe4f925, remains underwater on its cumulative trading.

TREE NEWS reports: A single address reduced its BTC short position from 1,379.42 to 1,319.77 BTC, a net reduction of about $4 million, while still holding a BTC short. The same address also trimmed roughly $4.01 million from an ETH short. Its contract account has accumulated approximately $302 million in profit, with the address identified as 0x5b5d51203a0f9079f8aeb098a6523a13f298c060.

TREE NEWS update: 1inch has closed new resolver delegations and is directing existing delegators to claim their rewards and undelegate before a Nov. 27 deadline. The protocol said plain 1INCH staking is not affected by the change. Delegators who miss the cutoff risk leaving rewards unclaimed.

TREE NEWS update: Cosmos Hub is voting on Proposal 1061, which would fix broken governance queries, and the proposal is above quorum with near-unanimous support. If passed, validators would need to run Gaia v29.1.0 at block 33,935,300. The vote is ongoing.

TREE NEWS update: stUSDT is winding down, with rebase rewards ending Nov. 14 and a redemption deadline set for May 2027. Holders must unstake their tokens and then claim USDT, while late redemption requests will be moved into monthly support batches.

TREE NEWS reports: Aave’s governance token AAVE has dropped 30% over the past four weeks, a decline steeper than those of bitcoin and ether, while the protocol’s dollar-denominated locked value fell by a smaller proportion. The token’s losses exceeded those of the two largest cryptocurrencies, even as the value locked in Aave held up better in percentage terms.

TREE NEWS update: Nakamoto, a bitcoin treasury company, has secured a one-year extension on a 60 million USDT loan from Kraken, leaving no principal due in 2026. Derivatives now count toward the collateral backing its 165 million USDT loan, and the bitcoin pledged as of Sept. 30 covers the loan down to about $54,455 per bitcoin.

TREE NEWS reports: DefiLlama has begun excluding idle, pre-minted GHO from its circulation figures, cutting the stablecoin’s reported supply by 61%. The Ethereum token contract still reports 699 million GHO issued, meaning the change reflects an accounting adjustment rather than a burn or redemption event. The revised methodology separates tokens actually in circulation from those minted but not yet deployed.

TREE NEWS reports: The USDC Treasury minted 500 million USDC on the Solana blockchain in two separate batches of 250 million each, at 06:38 and 07:14 Beijing time on November 14. The two mints occurred within roughly 40 minutes of each other.

TREE NEWS update: Sidney Powell, CEO of Maple, said recent leadership departures concern the firm’s direction rather than its loan book, and outlined plans to expand institutional credit and fintech distribution. The comments defend Maple’s institutional push amid the exits. No figures or departure names were disclosed.

TREE NEWS update: Injective has launched a pre-IPO market for Anthropic, allowing users to gain exposure to the AI company before its Nasdaq listing, the protocol said on X. The market is live on Injective and accessible with one click, it said. No listing date or pricing details were disclosed.

TREE NEWS reports: Hyperliquid’s share of open interest across its platform and eight major centralized rivals reached 11.7%, leapfrogging Bybit, Kraken and OKX as its Q3 positions grew 80%. The decentralized perpetuals exchange now ranks among the largest venues by open interest.