Flash News

TREE NEWS update: Revolut has introduced its euro-denominated stablecoin, EURR, initially covering Denmark, Poland, and Portugal. This move marks Revolut’s expansion into the stablecoin market, competing with established players like Circle’s EURC.

TREE NEWS reports: Cumulative transaction volume via stablecoin cards has reached $13.8 billion, with USDC dominating consumer spending. The data underscores the growing real-world adoption of stablecoins for payments.

TREE NEWS reports: Stablecoin issuer Circle has minted an additional 5 billion USDC over the past week, according to data. This significant issuance reflects growing demand for the stablecoin.

TREE NEWS reports: Yzi Labs (formerly Binance Labs) unveiled its EASY S4 cohort of 24 projects spanning on-chain trading, stablecoins, privacy, AI agents, and biotech. The portfolio emphasizes DeFi infrastructure, cross-border payments, and AI-driven tools, signaling a push to broaden on-chain economy beyond finance. Notable picks include Nexroute, Neutral Trade, XStable, and De¹.

TREE NEWS reports: Market maker Wintermute has cut its short position on Hyperliquid by $131 million, reducing its exposure. The firm still holds a short position of $80.48 million, indicating ongoing bearish sentiment.

TREE NEWS update: The USDC Treasury has newly minted 500 million USDC on the Solana blockchain over the past six hours, according to data. This significant issuance increases the circulating supply of the stablecoin on the network.

TREE NEWS update: Data shows Hyperliquid platform whales currently hold $6.63 billion, with a long/short position ratio of 0.92. This indicates a slight bearish sentiment among large traders.

TREE NEWS update: The FH token on the BSC chain suffered an attack, resulting in a loss of approximately $20,000. The incident highlights ongoing security risks in the DeFi space.

TREE NEWS reports: Shinhan Financial Group has partnered with Visa to explore stablecoin and AI-based payment solutions. The collaboration aims to enhance the efficiency and innovation of financial services by integrating blockchain and AI technologies.

TREE NEWS reports: Term Finance permanently closed its Meta Vaults following a governance attack that resulted in approximately $8.5 million in losses. The incident underscores vulnerabilities in DeFi governance mechanisms.

TREE NEWS update: Term Finance permanently closed its Meta Vaults following an exploit estimated at $8.5 million by PeckShield. Withdrawals remain open, but the protocol has not quantified remaining assets and is exploring ways to address any shortfall.

TREE NEWS reports: Hyperliquid’s AQAv2 first tranche of funds could be used to repurchase approximately $20 million worth of HYPE tokens, according to ChainCatcher. This move is part of the platform’s ongoing token buyback strategy, potentially boosting HYPE’s market dynamics.

TREE NEWS update: Hyperliquid’s AQAv2 mechanism is expected to generate its first revenue of about $20 million on October 3, which will be used to buy back and burn HYPE tokens. The mechanism, announced in May, allocates 90% of stablecoin yields to repurchase HYPE, with Coinbase as fund deployer and Circle handling technical deployment. Analysts estimate annual buyback pressure of $135M-$160M.

TREE NEWS reports: Kamino has introduced a fixed-rate credit product with a private beta now live. The product aims to offer stable, predictable borrowing rates within the DeFi ecosystem.

TREE NEWS reports: LayerZero has introduced ATLAS, a new trading engine, causing its native token ZRO to surge by over 30%. The launch marks a significant development for the cross-chain protocol, aiming to enhance trading efficiency and liquidity.

TREE NEWS update: LayerZero has launched ATLAS, a headless exchange engine that routes 75% of post-venue trading fees into ZRO buybacks and burns, while paying trading venues rebates of up to 65%. This aims to align incentives and increase ZRO utility.

TREE NEWS reports: A wallet’s purchase of yield tokens in a $9 million Pendle pool dropped the principal token price by 2.8%, triggering liquidations of looped positions on a Morpho market with $52 million in borrows. No bad debt was incurred.

TREE NEWS reports: Galaxy has introduced a revolving credit facility backed by crypto assets, accepting BTC, ETH, and SOL as collateral. This move expands crypto-native lending options for institutional clients.