Flash News

TREE NEWS reports: The SEC and CFTC have issued a raft of pro-crypto rules recently, but a legal opinion published this week asks whether those rules will hold up in court and whether they can be easily rolled back by the “anti-crypto army”. The analysis focuses on the durability of the agencies’ recent rulemaking rather than any single enforcement action.

TREE NEWS update: Crypto.com Exchange launched Predict Pro, a prediction-markets product for US users, offering a live order book, probability charts, risk management and portfolio trading tools. The offering is provided by Foris DAX, an introducing broker registered with the National Futures Association, and trades CFTC-regulated prediction contracts from OG.com Markets. Users can combine two to six predictions into a single position across elections, sports, crypto prices, Federal Reserve decisions, climate and culture.

TREE NEWS update: Nillion announced that its L2 network is shutting down and urged holders of NIL or ETH to move their assets to Ethereum’s layer-1 mainnet before the network closes. The protocol did not give a specific shutdown date in the notice. Users with funds still on the L2 were told to bridge them out promptly.

TREE NEWS update: Grayscale has partnered with investment platform Republic to offer its investment products to eligible investors, including the Grayscale DeFi Fund, the Grayscale Decentralized AI Fund and the Grayscale Data Network Trust. The DeFi Fund covers tokens including UNI, AAVE, ONDO, ENA, CRV and LDO; the Decentralized AI Fund covers NEAR, TAO, RENDER and FIL; the Data Network Trust offers exposure to the DATA Network native token DATA.

TREE NEWS reports: Attackers in the Ledger supply-chain attack do not need to steal users’ bitcoin immediately, @MagicalTux explained. The implanted program can transmit a user’s seed phrase to the attacker, who can then wait until the user accumulates more bitcoin before emptying the wallet.

TREE NEWS update: Decentralized perpetual futures platform StandX announced on October 15 that it is ceasing operations, canceling its planned token issuance and distributing a one-time airdrop in DUSD to users. The airdrop checker opens October 26, with claims running from November 1 to December 31 and no lock-up on tokens received. StandX said it served over 237,000 users and at one point surpassed $200 million in TVL since its mainnet launch.

TREE NEWS update: The NEAR Foundation has appointed Mert Mumtaz, CEO of Solana infrastructure firm Helius, to its council, where he will help shape product strategy, ecosystem growth and governance. Mumtaz was an early user of NEAR Intents, which the foundation said has surpassed $33 billion in cumulative trading volume and over $160 million in privacy-related total value locked. NEAR Intents suffered an approximately $3.8 million exploit in early October tied to deposit and withdrawal infrastructure; the team said the vulnerability was fixed and full compensation promised.

TREE NEWS update: Fireblocks has opened a stablecoin marketplace called Liquidity Market, letting payments companies collect quotes from multiple trading desks simultaneously and settle directly with the desk they choose. The infrastructure firm said it takes no spread on the trades. The product is aimed at payments businesses seeking better pricing and direct settlement in stablecoin transactions.

TREE NEWS update: Helius CEO Mert Mumtaz has joined the NEAR Foundation Council, the body that oversees the foundation and its most significant decisions. The appointment places the head of the Solana-focused infrastructure firm on the governance body of the NEAR ecosystem. No further terms or date were disclosed.

TREE NEWS reports: Polymarket traders now price an 88% chance that Bitcoin falls to $80,000 at some point during the remainder of October, up 25 percentage points in 24 hours. The market settles on Binance’s BTC/USDT pair, resolving Yes if any 1-minute candle high reaches $80,000 between 00:00 ET on October 1 and 23:59 ET on October 31. Only Binance BTC/USDT 1-minute highs count toward settlement.

TREE NEWS reports: Privacy coin Zcash fell 11% over the past 24 hours, leaving its market cap at $18.5 billion, with $17.9 million in long positions liquidated in that period — more than the $7.3 million liquidated on Hyperliquid. CoinShares senior researcher Luke Nolan attributed the drawdown to leveraged positions accumulated during the earlier rally, noting Zcash remains up 460% from its March low.

TREE NEWS reports: Zcash (ZEC) dropped by double digits after a meteoric rise, with experts attributing the decline to a build-up in leverage and growing concerns about AI breaking crypto encryption. The privacy-focused cryptocurrency had rallied sharply before the pullback. No specific price level or percentage was disclosed.

TREE NEWS update: Jupiter has launched YOLO in beta, an unaudited trading product offering leverage of up to 1,000x. Users trade against a house, and profits can be queued without a guaranteed payout time if the house’s funds run low. The product is live in beta as an unaudited release.

TREE NEWS reports: HEX token sellers erased roughly $160 million in value as the token fell 30% following local media reports that founder Richard Schueler was arrested in Istanbul. The reported arrest comes nearly two years after Interpol issued a “Red Notice” for Schueler.

TREE NEWS update: Solana is set to roll out its Alpenglow upgrade next week, cutting network finality from 12.8 seconds to a target of roughly 150 milliseconds — about 85 times faster. The change is a core consensus-level overhaul for the network, which has faced persistent criticism over confirmation speeds relative to competing layer-1 chains.

TREE NEWS update: Ledger has announced the Atom, a new device priced at $849 that combines crypto wallet security with everyday apps, with shipping expected in summer 2027. The launch comes as the company investigates tampered wallets sold in Asia. No further details on the tampering probe were provided.

TREE NEWS update: Ledger unveiled Atom, an Android-based security device with Solana Mobile integration, AI-agent controls and hardware-tampering protections. The launch comes amid an investigation into modified wallets. The device is positioned as a security product rather than a traditional hardware wallet.

TREE NEWS update: Yuanjie Technology said construction on the second phase of its optoelectronic communication semiconductor chip and device R&D and production base is progressing well, with civil works and some cleanrooms and supporting facilities completed. The first batch of production equipment is expected to begin entering the plant for commissioning shortly, with capacity formation expected between end-2026 and early 2027. Total project investment is about RMB 1.251 billion.