Flash News

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.

TREE NEWS reports: Bitcoin tested $81,000 as traders priced a hotter-than-expected inflation reading into Fed policy, with the odds of an October rate hike climbing to 29% from 18% a week earlier. Analysts expect the largest cryptocurrency to stay range-bound until the inflation and rate picture clears.

TREE NEWS update: Ethereum researchers Justin Drake and Vitalik Buterin publicly debated whether blockchain users should preemptively migrate assets against future AI-driven attacks on elliptic curve cryptography. In an Oct. 7 post on X, Drake urged the industry to plan a “Bunker Mode,” warning that AI advances in mathematics could break ECDSA and Schnorr signatures in months rather than years. Buterin said no evidence shows existing signature schemes have been broken and warned rushed migrations pose real losses.

TREE NEWS update: The European Banking Authority has classified Circle’s USDC as the EU’s first “significant” e-money token, a designation that triggers stricter supervisory requirements under the bloc’s crypto rules. New supervisory responsibilities tied to the classification begin Nov. 12.

TREE NEWS update: Kalshi CEO Tarek Mansour said the real choice facing the industry is between regulated U.S. prediction markets and offshore alternatives, speaking days after the CFTC moved to write event contracts into its swap rules. Mansour also argued that public order flow makes misconduct easier to catch, citing George Santos.

TREE NEWS update: Wyoming-chartered bank N3XT, founded by former Signature Bank executives, has joined Clear Markets’ Collateralizer network to hold U.S. dollar collateral for trades on Clear Markets’ CFTC-registered swap venue. The arrangement supports round-the-clock dollar derivatives collateral.

TREE NEWS reports: Tether payments reportedly began in May 2025, while Bo Hines was leading the White House stablecoin effort, with the first payment going to an intermediary’s marketing company before reaching Hines’ firm. The payments were routed through a marketing middleman.

TREE NEWS update: Payward, the owner of crypto exchange Kraken, has signed a deal to acquire Saldo Bank, a Lithuania-licensed lender, giving it a foothold in European Union banking. The acquisition would allow Payward to offer interest on deposits and loans in Europe. Closing is expected in 2027.

TREE NEWS reports: Bitcoin touched about $80,500 on Thursday after September US CPI came in at 3.7%, a rising inflation print. South Korea’s Kospi closed 7.6% lower the same day following a 20-minute trading halt triggered by a circuit breaker.

TREE NEWS update: DriveWealth, the infrastructure firm powering investing products at more than 100 partners, will let clients fund collateral accounts using Ripple’s RLUSD stablecoin. The rollout begins in Europe, with a U.S. launch planned but not yet dated. The move adds a regulated stablecoin option to DriveWealth’s brokerage and trading infrastructure.

TREE NEWS update: PancakeSwap has floated a proposal to hand liquidity providers 88% of swap fees while cutting daily CAKE issuance by roughly 69%. The plan is still open for forum discussion, and early replies show holders concerned about the token’s burn. No vote or implementation date has been announced.

TREE NEWS reports: Turkish outlets reported Wednesday that HEX founder Richard Heart and his wife were taken into custody in Istanbul at Finland’s request. No official has confirmed the detention, and reported seizure figures differ between accounts. Heart, who also created PulseChain, has faced securities litigation in the United States.

TREE NEWS reports: Crypto trader Ansem said the market’s first major pullback since its late-June low has mainly flushed out leveraged longs without breaking the macro uptrend, in a Market Bubble podcast published Oct. 15, 2026. He said he keeps 70% of his portfolio in core spot assets including BTC and SOL and 30% for high-beta trades, and named STRK, PUMP, HYPE and GRASS as undervalued.

TREE NEWS update: Lido has added direct ETH staking from four Layer 2 networks to its interface, letting users stake without first bridging to Ethereum mainnet. Users receive wstETH from local liquidity pools, while the ETH is bridged to Ethereum for staking and the pools are replenished in the background.

TREE NEWS update: A HashKey Chain administrator moved 142,818 USDT through a temporary contract swap, with the original deposit code restored roughly six minutes later. A three-of-five multisig retains immediate upgrade powers over the chain, meaning the same authority could repeat the operation without delay.

TREE NEWS update: All of CFMOTO’s Jike new-national-standard electric bicycles have been taken off JD.com, and more than 20 Jike CCC certificates were suspended or revoked on Oct 9, a day before the online delisting. Multiple Jike offline store managers said the e-bikes have been unable to obtain license plates for about a month due to the certificate issue, with online sales ending Oct 10. Most of the suspended certificates had been issued only about a month earlier, with suspensions lasting three months.

TREE NEWS update: Patrick Witt has stepped down as head of the White House Crypto Council, leaving a leadership gap at the advisory group. His departure marks the fourth high-profile exit from the council. No successor was named in the announcement.

TREE NEWS update: Shandong Provincial Health Commission announced disciplinary action against staff at relevant medical institutions over violations tied to the diaper formamide issue, following a national joint investigation. The commission said it acted under the Physicians Law, CPC accountability and disciplinary regulations, and rules on sanctioning public institution personnel, handling cases according to cadre management and disciplinary approval authority.

TREE NEWS update: BVNK has launched a global money platform connecting stablecoins to Mastercard payment rails, with Nuvei and Marqeta named among the first planned integrators. Local-payout coverage is expected to expand in 2027.

TREE NEWS update: Hangzhou Baibeike Industrial Co., operator of maternal and baby brand Babycare, has filed a commercial defamation lawsuit against the account ‘Kaopu Laowang’ and two Shenzhen- and Hunan-based Burui Biotechnology entities. The Hangzhou Intermediate People’s Court accepted the case on September 20, 2026. The account is run by Wang Dongjian, founder and chairman of Shenzhen Burui Biotechnology.