Flash News

TREE NEWS reports: The Chinese meme coin ‘Niu Lai’ surged from a $45k market cap to over $50 million in days, driven by the viral success of a low-budget animated film of the same name. The token’s price mirrored the movie’s box office rise, with attention flowing from Chinese social media to crypto markets, culminating in a Binance Alpha listing and a subsequent pullback. This case illustrates how attention can be converted into crypto value, with Web2 virality fueling on-chain speculation.

TREE NEWS reports: Bitcoin spot ETFs recorded net inflows of $1.918 billion last week, with BlackRock’s IBIT leading at $1.331 billion. This indicates strong institutional demand for regulated Bitcoin exposure.

TREE NEWS update: Term Finance permanently closed its Meta Vaults after an attack removed nearly all of their Ethereum deposits, resulting in an estimated $8.5 million loss. The exploit targeted the vault’s governance mechanism, prompting the protocol to shut down the affected vaults immediately.

TREE NEWS update: Creator Capital, a Solana-based token, briefly surpassed a $9.4 million market cap, surging over 200% intraday. The rapid rise highlights speculative activity within the Solana ecosystem.

TREE NEWS reports: Tokens within the Robinhood chain ecosystem surged collectively, with INDEX token rising over 140% intraday. This reflects growing market interest in Robinhood’s blockchain initiatives.

TREE NEWS update: Bitcoin’s rally stalled near $79,500 after a five-day surge from below $63K, retreating to the $76K range. Spot Bitcoin ETFs saw a record weekly inflow of $1.92B, led by BlackRock’s IBIT, boosting bullish sentiment. Analysts suggest persistent buying could eventually absorb sell-side pressure above $80K.

TREE NEWS update: Data shows XRP spot ETFs recorded net inflows of $39.78 million last week, indicating growing investor interest. This marks a positive trend for the digital asset as institutional adoption continues.

TREE NEWS reports: PONS has achieved the 13th position in revenue over the past 30 days, with an FDV/Revenue multiple of just 0.7x, indicating potential undervaluation. This suggests strong revenue generation relative to its fully diluted valuation.

TREE NEWS reports: Spot Ethereum ETFs recorded net inflows of $697 million last week, with BlackRock’s ETHA leading at $537 million. This marks continued strong demand for Ethereum exposure through regulated investment vehicles.

TREE NEWS update: Pakistan’s regulatory body has ordered all cryptocurrency platforms to apply for a regulatory license by September 5 or face shutdown. This move aims to bring crypto operations under official oversight, potentially impacting the local crypto market.

TREE NEWS update: The Central Bank of Russia has relaxed the criteria for qualified investors, aiming to expand their cryptocurrency trading limits. The move is part of broader efforts to integrate digital assets into the country’s financial system. This policy change could increase participation in crypto markets among eligible Russian investors.

TREE NEWS reports: Term Labs has provided an update on the recent attack, stating that it has closed the Meta Vault and revoked governance permissions to mitigate further risks. The incident underscores ongoing security challenges in DeFi protocols.

TREE NEWS update: Binance Alpha announced it will debut TermMax on August 25. TermMax is a DeFi lending protocol. The listing marks its initial availability on the platform.

TREE NEWS update: Bitcoin’s price has fallen below the $77,000 mark, extending recent losses in the crypto market. The move reflects ongoing volatility and selling pressure across digital assets.

TREE NEWS update: According to RootData, the GUN token will unlock approximately $1.16 million worth of tokens in one week. This event is part of a scheduled token unlock, which may impact market supply.

TREE NEWS reports: Data shows that CATE, a token in GMGN’s hot sector, has achieved a trading volume of $78.38 million. This highlights significant market activity and interest in this asset.

TREE NEWS reports: Former Hack VC partner Hsin-Ju has refused a settlement and intends to release evidence, alleging threats and retaliation. The dispute highlights tensions within the crypto venture capital community.

TREE NEWS update: Ledger’s CTO has responded to recent vulnerability rumors, stating that the bug was identified and fixed two weeks ago, with the patch already deployed. The company reassures users that their funds are safe and no action is required.

TREE NEWS update: Polygon has proposed a staking and tokenomics reform aimed at doubling POL staking yields. The proposal seeks to enhance network security and participation by adjusting staking incentives and token emission dynamics.

TREE NEWS update: South Korean crypto exchange Upbit has listed Lighter (LIT) and opened KRW trading pairs. The listing provides Korean investors with direct access to the token.