Flash News

TREE NEWS update: IREN’s AI cloud revenue surpassed Bitcoin mining revenue for the first time, but the company’s shares declined as costs for converting data centers to AI services increased. The shift highlights the growing convergence of crypto mining and AI infrastructure.

TREE NEWS reports: Elon Musk is reportedly considering a donation of at least $100 million to Republican causes, and House Speaker Mike Johnson plans to meet with him. This political news has no direct connection to RWA tokenization or crypto markets.

TREE NEWS reports: The co-founder of FOMO has announced the completion of its first funding round, which attracted participation from 140 investors. The announcement was made via ChainCatcher, though specific financial details were not disclosed.

TREE NEWS update: Federal Reserve Chair Warsh downplayed the pace of disinflation, signaling a cautious approach to rate cuts. This hawkish stance weighed on risk assets, with Bitcoin falling below $80,000.

TREE NEWS reports: Bitcoin dropped to $78,630 before rebounding to $79,474 after Federal Reserve Chair Kevin Warsh’s first major speech, where he emphasized more work needed to fight inflation. The cryptocurrency’s price action reflects market sensitivity to Fed policy signals.

TREE NEWS update: Bitwise’s Solana ETF (BSOL) became the first Solana ETF to surpass $1 billion in assets, driven by $138 million of inflows over 10 days. BSOL captured nearly 80% of cumulative flows among six tracked products, signaling strong institutional demand for Solana exposure.

TREE NEWS reports: Solana validators passed SGP-0002, doubling the disinflation rate, with 176.29 million SOL in favor versus 66.19 million opposed. The vote was influenced by Kraken’s largest validator switching its ~8.1 million SOL stake from against to for hours before the deadline.

TREE NEWS update: Bitcoin failed to break above $80,000 as traders reacted to Fed Chair Kevin Warsh’s Jackson Hole speech, which remained cautious on US inflation. The price dipped to $78.4K, reflecting market uncertainty.

TREE NEWS reports: The Solana proposal to reduce inflation by doubling deflationary measures has reached the required two-thirds approval threshold. This marks a significant step toward implementing the supply-tightening mechanism, which could impact SOL’s tokenomics and market dynamics.

TREE NEWS update: Data shows that Strive’s SATA product is expected to provide purchasing funds for 1,192 bitcoins this week, indicating significant institutional demand for BTC. The move underscores the growing trend of traditional finance entities allocating capital to digital assets.

TREE NEWS update: HyENA has announced it will cease operations, with all markets being delisted sequentially from August 31 to September 2. Users are advised to take necessary actions before the shutdown.

TREE NEWS reports: Fed Chair Warsh’s first Jackson Hole keynote avoided giving markets any rate hints, disappointing Bitcoin traders awaiting September signals. With inflation running hot, he emphasized data-dependence, leaving crypto markets to speculate on future policy moves.

TREE NEWS update: Data shows that Hyperliquid’s largest long trader has opened another long position of 1000 BTC. This move indicates continued bullish sentiment from the top trader on the platform.

TREE NEWS reports: Coinbase has introduced CEEcil, an AI-powered teammate that can remember team context, proactively follow up, and make autonomous decisions. This move integrates AI into its platform, enhancing user experience and operational efficiency.

TREE NEWS reports: A whale has opened a highly leveraged short position on 300 BTC, worth approximately $23.76 million, using 30x leverage. The move indicates bearish sentiment from a major trader amid current market conditions.

TREE NEWS update: Bitcoin’s rebound to $80,000 lifts crypto stocks as Circle, Strategy, and Solana show how capital markets, stablecoins, and onchain growth drive crypto’s recovery. The article highlights the convergence of traditional finance and crypto through stablecoin and capital market activities.

TREE NEWS update: Eric Balchunas reports that the Bitwise Solana ETF has surpassed $1 billion in assets under management, marking a significant milestone for Solana-based investment products. This growth reflects increasing institutional interest in crypto ETFs beyond Bitcoin and Ethereum.

TREE NEWS reports: US short-term Treasury yields have risen, prompting market expectations that the Federal Reserve may need to raise short-term interest rates. This development signals potential tightening in monetary policy, which could impact crypto and other risk assets.

TREE NEWS reports: Irish drug trafficker Clifton Collins has lost the private key to a wallet containing 500 bitcoins, which were subsequently transferred to Coinbase Prime. The incident highlights the risks of key management and the ongoing challenges in asset recovery.

TREE NEWS reports: In his first Jackson Hole speech as Fed Chair, Kevin Warsh declared the end of forward guidance as a normal-times tool, advocating a return to data dependence and disciplined policy. He outlined seven principles for policy, including anchoring 2% inflation and focusing on short-term rates, while acknowledging AI’s uncertain economic impact. Warsh noted labor market stability but stressed inflation remains too high, with PCE at 3.7%, signaling more work ahead.