Flash News

TREE NEWS reports: A whale that opened a long on 20,000 ETH at $1,936 on Aug. 19 closed the position at $2,421.6, booking an $8.93 million profit, on-chain analyst Yu Yan monitored. The exit came as the market fell on U.S. CPI data. The whale’s unrealized gain had peaked at $17.42 million when ETH hit $2,800 on Sept. 22.

TREE NEWS reports: Richard Heart, founder of Hex and PulseChain, has been detained in Istanbul. Police reportedly seized $4 million and 64 watches in connection with the detention. Turkish police have not yet confirmed Heart’s detention. Heart is the founder of the Hex token and the PulseChain network.

TREE NEWS update: The Brooklyn District Attorney’s Office said law enforcement dismantled a transnational cryptocurrency fraud network centered in Eastern Europe during an operation last week. Authorities shut down 241 crypto fraud-related websites and seized 112 servers controlled by the group. The network defrauded US victims of tens of millions of dollars over several years.

TREE NEWS reports: Standard Chartered has pushed back its $2 trillion stablecoin market forecast to 2030 from 2028, citing stalled supply growth this year. The bank had previously expected the market to reach that size by 2028.

TREE NEWS reports: Crypto futures liquidations across all exchanges totaled $314 million over the past 24 hours, with long positions accounting for $257 million and shorts $56.5 million, CoinGlass data shows. Bitcoin liquidations reached $69.05 million and Ethereum $63.11 million. The single largest liquidation was a $7.03 million ETHUSDT position on Binance.

TREE NEWS update: StarkWare has opened its OffMarket service to the public, letting users trade on Polymarket without publicly linking positions to their existing accounts. The service, in limited early release since August, runs on Starknet’s shared privacy pool and caps single USDC deposits at $1,000. Orders execute on Polymarket at the same counterparties and market prices as regular trades, and OffMarket is fully non-custodial, with users retaining control of their private keys in the browser.

TREE NEWS update: The European Banking Authority has named USDC the EU’s first ‘significant’ e-money token, shifting financial supervision to the EBA on Nov. 12. France’s ACPR retains responsibility for governance and other corporate matters under the new arrangement. The designation marks the first time an e-money token has been classified as significant under the EU’s crypto framework.

TREE NEWS update: StarkWare has opened OffMarket to the public, letting Polymarket users trade without publicly linking positions to their accounts. The launch gives prediction-market participants a way to keep their trades from being tied to their identities on-chain. StarkWare did not disclose trading volume or fee figures for the new service.

TREE NEWS reports: Bitcoin fell after September CPI came in at 3.7%, above forecasts, pushing Treasury yields higher and dragging crypto down alongside stocks. The hotter-than-expected inflation print put a Federal Reserve rate hike back on the table, pressuring risk assets.

TREE NEWS update: Babylon has advanced a proposal to let Bitcoin be used as native collateral on Aave V4, with WBTC handling settlement of permissionless liquidations. Risk settings and further governance votes are still pending. The plan would keep collateral on Bitcoin rather than bridging it into a wrapped form for the lending market.

TREE NEWS update: Strive acquired 2,822 bitcoin for $235 million, funded by $369.2 million in gross proceeds from traditional warrant exercises. The purchases follow the exercise of warrants, which the company said generated the cash used for the bitcoin acquisition.

TREE NEWS reports: Bitcoin dropped below $82,000 as US CPI inflation came in hot, driven by high oil prices. Bond yields targeted new 24-year highs alongside the decline in the largest cryptocurrency.

TREE NEWS update: Ekubo has added a Shadow Accounts feature for liquidity providers, letting them use existing pools instead of a separate private market. LP positions and transaction details remain visible onchain, the protocol said. The tool is aimed at LPs seeking more discreet positioning without leaving public infrastructure.

TREE NEWS reports: Richard Heart, the founder of HEX and PulseChain, has been detained in Istanbul on an Interpol notice, Turkish media reported. Interpol’s public record identifies Finland as the requesting jurisdiction and lists the charge as aggravated tax fraud. Heart’s separate SEC case was dismissed in 2025.

TREE NEWS reports: Hex founder Richard Heart was detained in Istanbul on an Interpol red notice, with Turkish police and intelligence officers reportedly seizing cash, phones, jewelry and firearms at his address in Beşiktaş. The detention follows international law-enforcement action against the crypto promoter.

TREE NEWS update: Bastion said it will not participate in SkyAI’s tender offer on the current terms, demanding a price of $3.50 per share and a board overhaul. SkyAI’s latest filing reports 600,000 SOL remaining and cash covering about 80% of the proposed offer.

TREE NEWS update: Ledger has asked resellers across seven Asian markets to pull its devices from shelves following a suspected $86 million drain. European electronics chain MediaMarkt Saturn has also halted Ledger sales after a customer in Germany reported finding an implant in a device.

TREE NEWS reports: Sahil Arora says he is not finished with celebrity meme coins and that Fomo offers new possible strategies for his controversial schemes. The promoter, known for launching tokens tied to celebrities, is plotting a second wave of such launches on the new launchpad. No specific tokens, dates or figures were disclosed.

TREE NEWS reports: Critics say ‘bunker mode’ is an impractical suggestion unlikely to protect crypto users’ holdings, even if Justin Drake’s prediction that AI could break cryptography proves correct. The debate centers on whether retreating into hardened, isolated systems can realistically shield digital assets from AI-driven attacks on cryptographic standards.

TREE NEWS update: The Office of the Comptroller of the Currency found debanking policies at nine major US banks that restricted digital-asset issuers and exchanges. The regulator is considering further rules but did not announce bank-specific penalties.