Flash News

TREE NEWS update: Austin and other US cities are considering restrictions on AI data centers due to concerns over water and electricity demands. Communities are challenging the environmental impact of AI infrastructure, prompting local governments to explore regulatory limits.

TREE NEWS reports: An attacker drained over $1 million from Avici users in a live attack on the Solana neobank, holding 10,005 SOL at press time. Avici acknowledged the issue affecting card balance withdrawals nearly two hours after the first drain transaction, as funds continued to be taken.

TREE NEWS update: Gold (XAUUSD) has dropped to $4450 per ounce, currently trading at $4446.91, a 24-hour decline of 3.4%. The data comes from Gate.

TREE NEWS update: Strive has made history by adding 2,680 BTC within just five days, marking a record accumulation. Meanwhile, its associated token ASST has surged 100% over the past month, reflecting strong market momentum and investor interest.

TREE NEWS reports: French bitcoin treasury company Capital B has raised €21 million from Adam Back and TOBAM to increase its bitcoin holdings. The firm currently holds 3,145 BTC, valued at over $245 million.

TREE NEWS update: Solana validators approved SGP-0002 ‘Double Disinflation’ with 67.0% support, increasing annual emission decay to 30% and bringing the 1.5% issuance floor forward to 2029, reducing SOL issuance by ~18.9M over six years. The SGP-0001 constitution also passed, while SGP-0003 was rejected. Staking yields are expected to drop from ~5.25% to ~2.25% within three years.

TREE NEWS reports: Chelsea FC has announced a sponsorship deal with Circle, the issuer of USDC, which will see the stablecoin’s name appear on the front of the club’s jerseys for the upcoming season. The move comes after the UK’s Financial Conduct Authority (FCA) warned football clubs about promoting crypto assets without proper compliance.

TREE NEWS reports: The Sandbox has committed to compensating users affected by the recent bridge exploit with a 1:1 SAND repayment, using treasury funds. The compensation will be based on pre-incident balances on Base and BNB Chain, without increasing the token’s fixed 3 billion maximum supply.

TREE NEWS reports: Bitcoin has surged past the $78,000 mark, reaching a new all-time high. The rally is driven by strong market momentum and increased institutional interest.

TREE NEWS reports: The Solana community narrowly approved the ‘Double Disinflation’ proposal, reducing SOL’s inflation rate, despite Kraken’s opposition. A separate fee-burning measure failed, marking a significant governance decision for the network.

TREE NEWS reports: HyperliquidNews announced on X that its information comes from the HIP-3 page on Loris Tools. This follows the release of HIP-3, a proposal related to the Hyperliquid ecosystem.

TREE NEWS update: HyperliquidNews announced on X that TradeXYZ has exceeded 400,000 independent traders, marking a new user milestone. The platform’s growing adoption reflects the expanding crypto derivatives ecosystem.

TREE NEWS update: Fed Chair Warsh called AI a ‘hinge point in history’ in his Jackson Hole speech, highlighting its profound impact on the economy. He discussed AI’s potential to boost productivity and reshape labor markets, while also addressing risks such as job displacement and financial stability concerns. Warsh emphasized the need for policymakers to adapt to AI-driven changes.

TREE NEWS update: Circle has deployed native USDC, EURC, and CCTP support on the Plasma network, enabling developers to use Circle-issued dollar and euro tokens. The burn-and-mint mechanism facilitates seamless USDC transfers across supported chains.

TREE NEWS update: Bitcoin fell 3% to $77,955 after Federal Reserve Chair Kevin Warsh’s hawkish comments at Jackson Hole, with gold also dropping 2.4% and U.S. equities turning negative. Despite the dip, BTC is still up 0.7% on the week after hitting an intraday high of $81,479.50.