TREE NEWS update: Reddit CEO said Google is scraping the platform’s content at an unprecedented scale. The remark points to growing friction between the social platform and the search giant over the use of Reddit’s user-generated content. No further details or figures were provided.
TREE NEWS update: Tether has frozen more than 1.567 billion USDT tied to a suspected Binance hack, the stablecoin issuer said. The figure is broader than the roughly 971 million USDT recorded in a single wallet at its initial freeze. Tether noted that frozen funds are not automatically recovered.
TREE NEWS update: Binance has noted reports of a possible security issue at prediction market platform Polymarket, Binance founder Changpeng Zhao said. User funds are safe, and the exchange is actively investigating, Zhao said, adding that updates will be provided as soon as information becomes available.
TREE NEWS reports: Hundreds of ETH changed hands on Uniswap at elevated stablecoin prices, trading roughly 20% above Binance levels. Chainlink’s ETH/USD reference feed showed about $2,250 during the activity, highlighting a sharp divergence between decentralized exchange pricing and the oracle reference rate.
TREE NEWS update: HTX, formerly Huobi, has committed to a five-year undertaking restricting crypto promotions in the UK as its case with the Financial Conduct Authority settles via a consent order. The regulator’s lawsuit was stayed under a confidential agreement with no admission of liability. HTX had already posted an Oct. 16 notice keeping UK accounts restricted, 11 days before the consent order.
TREE NEWS reports: Delegated code on Binance 14 was able to move its own assets and exercise ownership of another wallet. The records do not establish how that permission was obtained. The finding links two accounts through wallet permissions.
TREE NEWS update: Sens. Elizabeth Warren and John Curtis have demanded answers from prediction markets Kalshi and Polymarket on their election-trading safeguards, setting a Nov. 3 deadline. The senators asked how many suspected election-trading violations were stopped before trades occurred, among other questions.
TREE NEWS update: Strategy reported $19.53 billion in third-quarter net income, driven by a $20.91 billion gain on its bitcoin holdings, and now holds 848,517 BTC. Preferred shareholders also approved a move to daily dividend payments. The company disclosed the results alongside the bitcoin position and the dividend change.
TREE NEWS reports: A viral post claiming Binance is being taken over names no corporate buyer and cites no deal document, instead recycling CZ’s 2022 FTX announcement, while BNB fell 9.03% over 24 hours. No transaction, buyer or filing accompanies the claim. BNB’s decline coincided with the spread of the unverified takeover rumor.
TREE NEWS update: CFTC Chair criticized Utah’s prosecution of Kalshi as “blatant overreach” as a federal lawsuit seeks to block the state’s enforcement action against the prediction market exchange. Utah has already secured an initial ruling against Kalshi. The dispute centers on whether state gambling laws can be applied to federally regulated event contracts.
TREE NEWS reports: Coinbase reported third-quarter net income of $719 million, driven largely by gains on its crypto holdings, while revenue held flat at $1.22 billion. The exchange’s profit for the quarter reflects the impact of digital-asset price moves on its balance sheet.
TREE NEWS reports: Coinbase beat third-quarter transaction revenue estimates as crypto market gains lifted its profit, with average USDC held in Coinbase products reaching a record $22 billion. Adjusted net income came in at $77.7 million, compared with $719 million reported in the prior period.
TREE NEWS update: Westpac will limit customers to A$10,000 in payments to identified crypto exchanges per calendar month starting Dec. 1, with no exceptions, and will stop supporting such payments in branches. The Australian bank said it may reject transfers to exchanges it identifies once the monthly cap is reached.
TREE NEWS update: Base will activate its Denim upgrade on November 5, bringing 200-millisecond mainnet block times to the network. With the upgrade, Flashblocks subscriptions and pending-state access will be discontinued, requiring developers and indexers to update their integrations. The change affects how applications and data services connect to the chain ahead of the faster block cadence.
TREE NEWS update: Coinbase CEO Brian Armstrong has adopted a plan to sell up to $1.31 billion in company shares. Co-founder Fred Ehrsam and President Emilie Choi also adopted share-sale plans, with different trading windows extending into 2027. The filings outline pre-arranged sales by top executives at the crypto exchange.
TREE NEWS reports: Strategy reported a $20.9 billion operating profit for the third quarter, driven by gains on its bitcoin holdings. The company spent $2.04 billion buying back STRC through Oct. 25, while preferred dividends totaled $419.6 million in the quarter.
TREE NEWS update: Polymarket resumed trading and pledged to reimburse traders after a compromise at a third-party provider caused losses on Thursday. The platform has not disclosed a figure for the losses, which outside estimates based on blockchain data put at about $2.2 million to $2.65 million.
TREE NEWS update: Coinbase reported third-quarter total revenue of $1.22 billion, matching analyst expectations of $1.22 billion. The cryptocurrency exchange’s topline came in exactly at the consensus figure, with no further financial details disclosed in the release.
TREE NEWS update: Strategy reported third-quarter operating profit of $21 billion, its highest for any single quarter, Michael Saylor said. The company has raised $21 billion year to date and its STRC has returned to normal. Strategy holds 848,517 bitcoin, up 26% since the start of the year.
TREE NEWS reports: US stock-linked contracts extended their 24-hour declines, with Intel (INTC) falling 24.1% and 20.3% over the past hour to trade at 72.94 USDT.COM data. Amazon (AMZN) dropped 14.4% over 24 hours and 10.6% in the past hour, last at 220 USDT.