Flash News

TREE NEWS update: Nasdaq-listed Hyperscale Data has shut down all Bitcoin miners at its Michigan data center to repurpose the site for AI compute. The company signed a 20MW master service agreement with an unnamed California cloud provider, expected to generate about $1.2 billion over 20 years, with a 32MW expansion option that could push total revenue above $3 billion. To fund the transition, it sold 830 BTC for roughly $53 million, retaining 275 BTC worth about $21.2 million. Hyperscale Data still operates about 10MW of Bitcoin mining capacity in Montana and is exploring an additional 125MW expansion.

TREE NEWS update: Wonderful has completed a $550 million Series C funding round at a valuation of $5 billion. The substantial capital injection underscores strong investor confidence in the company’s growth prospects.

TREE NEWS reports: Bloomberg ETF analysts report that Bitcoin’s correlation with US equities over the past six months has fallen below that of gold and US Treasuries, indicating a shift in its behavior as an asset. This suggests Bitcoin may be decoupling from traditional risk assets, potentially enhancing its appeal as a diversifier.

TREE NEWS update: Bitcoin miner Cango reported a net loss of $81.6 million for Q2, with total revenue of $50.8 million, halving from Q1. Mining contributed $47.4 million. The company is retiring old S19 miners, shifting some capacity to hosting, and cutting hashrate to 27.58 EH/s. It produced 656 BTC and holds 1,065 BTC. Cash cost per BTC fell 5% to $73,300. Cango is hedging BTC exposure and converting its Georgia mine into GPU-based AI infrastructure, expecting revenue from Q3.

TREE NEWS update: Laser Digital, Nomura’s digital assets arm, will act as risk governor for lending markets built with Keyring Network, with the first markets readied for Euler Finance. The companies did not disclose committed capital, fee terms, or a launch date.

TREE NEWS reports: Bloomberg ETF analyst Eric Balchunas said on Sept. 2 that over the past six months, Bitcoin’s correlation with U.S. stocks has been lower than that of gold, small caps, emerging markets, and U.S. Treasuries. He noted Bitcoin’s historical correlation with equities is around 0.4, while gold and Treasuries have seen a notable rise in correlation recently. Balchunas said the window is short but enough to refute the claim that Bitcoin is just another QQQ.

TREE NEWS update: A crypto address realized a profit of $178,600 by trading the token JINQIAN, achieving a 10x return on a single trade. The trade highlights the high-risk, high-reward nature of meme coin speculation.

TREE NEWS update: CrowdStrike, with federal law enforcement, dismantled the Russian Sality botnet, active since 2003 and recently used to steal crypto by swapping BTC and ETH addresses on infected machines’ clipboards. The operation cut over 15,000 infected devices from the network, with stolen funds totaling about 12.1 million rubles ($150,000), later appreciating to roughly $1.35 million.

TREE NEWS reports: Nasdaq-listed Nongmi Liangpin (FAMI) surged over 294% to $0.469 on heavy volume on September 2, after touching an intraday high of $0.50, up over 300%. The sharp move was reported by Binance market data.

TREE NEWS update: Crypto exchange Backpack now accepts Micron and SanDisk shares as margin collateral, expanding its TradFi-linked offerings. The firm also launched 24/7 perpetual futures on MU, SNDK, SPY, and QQQ, though key collateral and liquidation terms were not specified in its announcement.

TREE NEWS update: Robinhood has listed the PONS token as of September 2. Trading data shows the token’s price surged approximately 15% within two minutes between 21:29 and 21:30 UTC, before retreating to near pre-surge levels.

TREE NEWS update: The SEC proposed updating transfer agent rules to accommodate blockchain-based share records, adding risk-management and compliance requirements for registered agents using such systems. The proposal revises electronic recordkeeping rules to ensure investor protection as digital securities evolve.

TREE NEWS reports: Data shows that Machi Big Brother’s Ethereum long position has fallen below $100 million, with overall floating losses exceeding $1.1 million. The position appears to be under pressure as ETH price movements affect the trader’s leveraged bets.

TREE NEWS reports: Nvidia shares gained 2.29% to $222.41, while Meta rose 3.5% to $598.79 on Monday. Meanwhile, SpaceX token (SPCX) fell 2.04% to $139.32.

TREE NEWS update: Kalshi, a prediction market platform, is reportedly preparing to apply for listing WTI crude oil perpetual contracts. This move would expand its offerings into commodity derivatives, potentially attracting traders seeking exposure to oil price movements.