Flash News

TREE NEWS reports: Blockchain monitoring data shows that 500 million USDT was transferred out of Binance, a major crypto exchange. The move could signal large-scale buying or institutional activity, but its exact purpose remains unclear.

TREE NEWS update: Nvidia is set to pay $6 billion to AI startup Poolside, marking a significant investment in the AI sector. The deal underscores Nvidia’s strategy to deepen ties with leading AI companies.

TREE NEWS reports: Gate’s Head of Global Partnerships, Jason Fung, argues that prediction markets should not merely serve as trading venues but evolve into open ecosystems where users can create markets. He emphasizes user-driven market creation as a key to broader adoption and innovation.

TREE NEWS update: Crypto analyst Darkfost reports that Bitcoin’s apparent demand has reached a new high for the year, indicating the market has entered a phase where demand exceeds supply. This suggests strong buying pressure and potential upward price momentum.

TREE NEWS update: Nomura’s crypto arm, Laser Digital, has obtained a crypto asset license in Japan, marking the first such approval in four years. This milestone allows the firm to operate in the Japanese market, signaling a positive shift in the country’s regulatory stance towards digital assets.

TREE NEWS update: Tether’s bitcoin mining project in Uruguay has been terminated due to disagreements over power supply, with the project costing approximately $120 million. The shutdown highlights challenges in the crypto mining sector regarding energy procurement and regulatory issues.

TREE NEWS reports: Bitcoin has dropped below $78,000, marking a notable decline in the cryptocurrency market. The move comes amid ongoing volatility and investor caution.

TREE NEWS update: Solana has achieved a historic milestone by reducing its block time to 350 milliseconds for the first time, significantly enhancing network throughput and user experience. This improvement underscores Solana’s commitment to scalability and performance in the blockchain space.

TREE NEWS update: A study by the Bank of Italy found that stablecoin remittances do not offer systemic cost advantages over traditional methods, with on-chain components accounting for only a small portion of total costs. The research suggests that while stablecoins can reduce certain fees, the overall cost savings are limited and not transformative for cross-border payments.

TREE NEWS reports: South Korean crypto exchange Upbit has announced support for the Nexo (NEXO) token, adding a KRW trading pair. This listing provides Korean investors with direct access to the Nexo token, potentially boosting its liquidity and market presence.

TREE NEWS reports: Analysts note that Ethereum is approaching the key $2,450 resistance zone. A weekly close above this level could pave the way for a move toward $3,000.

TREE NEWS update: Coinkite has released a firmware update for Coldcard hardware wallets, but warns that existing vulnerable seed phrases remain unsafe and urges users to generate new ones. The update strengthens seed generation to prevent potential security issues.

TREE NEWS reports: At a CFTC advisory meeting, CME’s Terrence Duffy accused prediction markets of manipulation risk, prompting Kalshi’s Luana Lopes Lara to turn the question back on him. The heated exchange highlighted ongoing regulatory tensions over prediction market oversight.

TREE NEWS update: Bitcoin surpassed $75,000 for the first time in three months, driven by a Treasury buyback plan that fueled a short squeeze. The cryptocurrency is on pace for its best week since March 2024.

TREE NEWS reports: Two Binance employees were detained at Emirati airports as part of police inquiries into possible financial crimes. The UAE has become Binance’s regulatory home, making the detention significant for the exchange.

TREE NEWS update: CFTC Chair Michael Selig told the agency’s new innovation committee that the CFTC will draft its own crypto market structure rules if the Senate fails to pass the Clarity Act. This move signals potential regulatory action in the crypto space, impacting market participants and possibly setting a precedent for other jurisdictions.

TREE NEWS reports: Circle has minted an additional 500 million USDC on the Solana blockchain, increasing the stablecoin’s supply on the network. This move reflects growing demand for USDC within the Solana ecosystem.

TREE NEWS update: HashKey Global’s HSK token has broken through $0.1094, marking a 24-hour increase of 21.15%. This price surge reflects growing market interest in the token.