Flash News

TREE NEWS update: Ripple Prime has rolled out traditional-asset perpetual futures linked to Trade.xyz, building on its existing Hyperliquid access that lets institutions combine onchain derivatives with other exposures in a single margin framework. The rollout, first reported by Bloomberg, extends Ripple Prime’s push to give institutional clients onchain access to conventional markets.

TREE NEWS reports: A company co-founded by Bo Hines, a former crypto adviser in the Trump administration, benefited from the passage of the GENIUS stablecoin bill, the Wall Street Journal reported. The report links Hines’s prior government role to gains at the company after the legislation was enacted. No further details on the size or timing of the benefit were disclosed.

TREE NEWS update: Russia has barred withdrawals to self-custody wallets from regulated crypto accounts, and from July 1, 2027, residents will have to use authorized intermediaries for direct crypto trades between individuals. The restrictions tighten state control over how Russian residents move digital assets into and out of supervised accounts.

TREE NEWS reports: A Citizen Lab report from the University of Toronto says two Israeli companies, Candiru and Discover Tech, manipulated online advertising to install surveillance software on Al Jazeera devices. Discover Tech posed as a legitimate ad company and targeted devices through major ad networks, including ones operated by Google. Researchers warned the online advertising ecosystem has become a security threat and called for urgent investigation by cybersecurity agencies and regulators.

TREE NEWS update: Circle’s EU issuer will report reserves and liquidity to the European Banking Authority instead of France’s ACPR from Nov. 12, after USDC became the first e-money token to cross MiCA’s significance threshold. The shift places the stablecoin’s European reserves and capital under direct EBA supervision.

TREE NEWS update: Charles Schwab has completed the rollout of retail bitcoin and ether trading and begun allowing crypto transfers, with Solana, Avalanche and Chainlink planned by year-end. CEO Rick Wurster pointed to crypto as a source of transaction-based revenue for the brokerage.

TREE NEWS update: A highly organized crime ring bought genuine Ledger devices over several months, opened them and implanted custom hidden components that steal seed phrases during device initialization, then routed the units back into sales channels via Southeast Asian distributors, Ledger said on October 16. The group spent millions of dollars and built its own seed-collection servers and theft and money-laundering infrastructure. Ledger said its chips, operating system and servers were not compromised, and has told authorized distributors in Southeast Asia and Hong Kong to pause sales.

TREE NEWS update: Mastercard and BVNK launched a ‘Global Money Platform’ that lets banks, fintechs and enterprises hold, convert and spend fiat and stablecoins through a single API. It is the first major integration since Mastercard’s $1.8 billion acquisition of BVNK, with agentic commerce support planned.

TREE NEWS update: Coinbase will suspend trading of Neon EVM (NEON) and Syndicate (SYND) on November 17 at around 3:00 Beijing time across Coinbase.com, Coinbase Exchange and Coinbase Prime. NEON order books have already moved to limit-only mode. Users can still access and withdraw their NEON and SYND assets.

TREE NEWS reports: Binance.US is seeking to raise $100 million to expand its crypto business. The US arm of the crypto exchange is pursuing the funding round as it looks to grow operations. No details on investors, valuation or timing were disclosed.

TREE NEWS reports: Bitcoin briefly fell below $80,000 for the first time in nearly a month, pressured by a selloff in US AI stocks that weighed on risk assets broadly. Derive.xyz founder Nick Forster said market-implied odds of bitcoin reaching $100,000 by Christmas fell 2.8 percentage points in 24 hours to 9.7%, as crypto sentiment turned defensive.

TREE NEWS update: DeFi Development is lifting the dividend rate on its CHAD preferred stock to 14% from 13%, with proceeds from CHAD sales earmarked to grow its Solana treasury. The increase ties the preferred’s payout to the company’s expanding SOL holdings, which it is funding through continued issuance of the CHAD series.

TREE NEWS reports: Bitcoin held above $81,000 after U.S. wholesale prices rose 1.3% in September, the largest jump since 2022, with energy accounting for more than 80% of the increase. The largest cryptocurrency rose less than half a percent over 24 hours through the first two hours of U.S. trading, and none of the five largest tokens moved more than 1% in either direction.

TREE NEWS update: Mastercard launched its Global Money Platform, its first major integration with BVNK since acquiring the firm in August, bringing stablecoin balances into traditional banking and card payments. Nuvei and Marqeta are among the first companies to adopt the platform.

TREE NEWS update: U.S. Comptroller of the Currency Jonathan Gould said the OCC’s final rules implementing the GENIUS Act are expected to be published “soon,” and no later than the end of October. The timeline was disclosed on October 15. The GENIUS Act sets the federal framework for payment stablecoins.

TREE NEWS update: Nasdaq said it is experiencing a network problem, warning that clients may intermittently encounter missing data. The exchange operator did not specify the cause, scope or duration of the disruption, or which systems were affected. No timeline for a fix was given.

TREE NEWS reports: Crypto futures liquidations across the market totaled $932 million over the past 24 hours, with long positions accounting for $796 million and shorts $136 million, CoinGlass data shows. BTC liquidations reached $212 million and ETH $281 million. The single largest liquidation, worth $12.03 million, occurred on Binance’s BTCUSDT pair.