TREE NEWS reports: Open interest in real-world asset (RWA) perpetual futures has climbed to near $20 billion, setting an all-time high after surging 192% since June, CryptoRank data show. Centralized exchanges account for 71% of total open interest and lead in equities and precious metals, while decentralized exchanges hold the remaining 29% and dominate equity index derivatives.
TREE NEWS update: Eliza Labs (ai16z) founder Shaw said on October 25 that he has reverse-engineered about 90% of Pump.fun’s smart contracts and expects to finish the rest that night, publishing a GitHub repository with on-chain deployment evidence for Pump, PumpSwap, Pump Fees and Mayhem. The repo marks full byte-level reconstruction of all four core programs as incomplete. Shaw said the goal is a byte-identical rebuild, not a functional clone, and tied the effort to slop.cash, a new project he is building on Umia Finance.
TREE NEWS update: Huobi HTX listed PG/USDT and ABBV/USDT perpetual contracts on October 26, offering 1x to 20x leverage for both long and short positions. The exchange also launched a new-contract trading competition running through October 29 at 15:00 (UTC+8), with a total prize pool of 1 billion HTX tokens and 5,000 USDT in contract trial funds for users who register and meet specified trading thresholds.
TREE NEWS update: Neutral Trade announced the airdrop distribution for its TermMax private credit vault, following delays to the TermMax token launch and renegotiated yield terms. The airdrop consists of TMX tokens valued at a $60 million FDV, to be sold and distributed to depositors pro rata based on a Sept. 25, 2025 snapshot. Payouts begin this week, with 50% released one month after launch and 12.5% weekly over the following four weeks.
TREE NEWS update: Flap said it has expanded the blockchains, trading pairs and toolkit it supports over the past 30 days. Users on the platform can now create tokens paired with stocks, lock tokens, gift trading fees and build full applications, the project said on X. The announcement did not specify which blockchains or trading pairs were added.
TREE NEWS update: Circle minted 250 million USDC on the Solana network at 01:44 UTC+8, worth approximately $250 million. The mint transaction was successfully confirmed. The issuance adds to the stablecoin supply on Solana.
TREE NEWS update: Uniswap’s executed funding proposal illustrates the distinction between a sentiment poll, a binding governance vote and the contract authorized to release tokens from the DAO treasury. The process shows how an approved proposal translates into an on-chain transfer once the authorized contract is triggered. The vote and subsequent execution are dated events in the DAO’s governance record.
TREE NEWS reports: DeFi has recorded 43 price manipulation attacks in 2026 as of Oct. 21, exceeding the previous full-year record of 27 set in 2022. Combined losses total about $199 million, with the Tectonic case accounting for roughly $125 million. Of the other 42 incidents, 32 involved single losses of less than $1 million.
TREE NEWS reports: Crypto futures liquidations across major exchanges totaled $109 million over the past 24 hours, CoinGlass data showed on October 25. Short positions accounted for $63.43 million of the total, while long liquidations reached $45.50 million. ETH liquidations stood at $29.92 million and BTC at $21.76 million, with the largest single liquidation, a $3.01 million ETHUSDT order, occurring on Binance.
TREE NEWS reports: An unidentified entity whose funding traces to Tornado has accumulated 3,000.5 ETH worth $7.06 million since Oct. 23, then swapped the tokens for BTC through cross-chain protocol THORChain. The entity had sold ETH in tranches at prior highs and bought back near recent lows: selling at $3,109 in January 2026 and $2,679 in September 2026, before repurchasing at $2,353 in October 2026.
TREE NEWS reports: Yapeswap was exploited for about $21,900 after a governance flaw in its WorkersUnion mechanism, which had a zero-quorum requirement, allowed a proposal backed by just 0.000055% of voting power to transfer YapeFactory’s feeToSetter role to the attacker. The attacker then deployed a malicious Registry contract that made latestVault() return a fake vault address while vaults() still listed the real one, causing YapePair to credit deposits as farm assets without receiving redeemable shares.
TREE NEWS update: Solana co-founder Anatoly Yakovenko on Oct. 24 proposed building an oracle in which validators’ price judgments are weighted by their SOL stake, aimed at pricing tokenized assets and using them as collateral. Profits from the mechanism could be taxed to add revenue for the Solana network. The idea remains a concept, not a formal governance proposal, with no implementation timeline or vote scheduled.
TREE NEWS update: Hyperliquid has revised its testnet priority mechanism so that noop and scheduleCancel no longer affect the priority of other actions, while other operations now lower the priority of competing actions until submission completes. The protocol also added a cDeposit2 interface operation, which is similar to cDeposit but supports agent-signed transactions.
TREE NEWS update: ai16z founder Shaw said on X that reverse engineering of all Pump.fun contracts is 90% complete and is expected to be finished tonight. He added the remark “open source everything, or be forced to open source.” The post did not specify what the completed work would be used for.
TREE NEWS reports: Papertrade generated $8.5 million in revenue over the past seven days, placing it fifth among all protocols by revenue, behind only Tether, Circle, Pump.fun and Hyperliquid. The figure reflects trailing-week protocol income, not a single transaction or announcement.
TREE NEWS reports: A trader with a 100% win rate, identified as 0xe813, opened a long position of 26,974 ETH worth $63.88 million after the market declined. The position is currently showing an unrealized profit of $842,000. The same trader previously made $3.3 million from NEAR trades.
TREE NEWS reports: Bitcoin dropped below $80,000, triggering the liquidation of two whale long positions worth $8.05 million on Hyperliquid, Onchain Lens monitoring shows. The two positions were liquidated with a realized loss of $278,000. The liquidation adds to the pressure on leveraged traders as the largest cryptocurrency slid under the $80,000 threshold.
TREE NEWS update: Pump.fun said on X that Monad is now live in its app, letting users buy any Monad-chain token directly with their USDC balance without manually bridging or switching wallets. Monad’s official account also confirmed the integration. The announcement was dated October 25.
TREE NEWS reports: A single whale holds a 93,184 ETH long position worth about $214 million that could be liquidated if the market keeps falling, with liquidation prices at $2,256.45 and $2,226.53, Lookonchain monitoring shows. The position’s size means a slide to those levels would trigger forced unwinding of the entire long.
TREE NEWS reports: Machi (@machibigbrother, address 0x020c…5872) was liquidated five times within one hour, leaving roughly $5,000 in the account, Lookonchain monitoring shows. The repeated liquidations wiped out nearly the entire balance of the trader’s position in a single hour.