Flash News

TREE NEWS update: The USDC Treasury has newly minted 500 million USDC on the Solana blockchain over the past six hours, according to data. This significant issuance increases the circulating supply of the stablecoin on the network.

TREE NEWS update: Data shows Hyperliquid platform whales currently hold $6.63 billion, with a long/short position ratio of 0.92. This indicates a slight bearish sentiment among large traders.

TREE NEWS update: The FH token on the BSC chain suffered an attack, resulting in a loss of approximately $20,000. The incident highlights ongoing security risks in the DeFi space.

TREE NEWS reports: Shinhan Financial Group has partnered with Visa to explore stablecoin and AI-based payment solutions. The collaboration aims to enhance the efficiency and innovation of financial services by integrating blockchain and AI technologies.

TREE NEWS reports: Term Finance permanently closed its Meta Vaults following a governance attack that resulted in approximately $8.5 million in losses. The incident underscores vulnerabilities in DeFi governance mechanisms.

TREE NEWS update: Term Finance permanently closed its Meta Vaults following an exploit estimated at $8.5 million by PeckShield. Withdrawals remain open, but the protocol has not quantified remaining assets and is exploring ways to address any shortfall.

TREE NEWS reports: Hyperliquid’s AQAv2 first tranche of funds could be used to repurchase approximately $20 million worth of HYPE tokens, according to ChainCatcher. This move is part of the platform’s ongoing token buyback strategy, potentially boosting HYPE’s market dynamics.

TREE NEWS update: Hyperliquid’s AQAv2 mechanism is expected to generate its first revenue of about $20 million on October 3, which will be used to buy back and burn HYPE tokens. The mechanism, announced in May, allocates 90% of stablecoin yields to repurchase HYPE, with Coinbase as fund deployer and Circle handling technical deployment. Analysts estimate annual buyback pressure of $135M-$160M.

TREE NEWS reports: Kamino has introduced a fixed-rate credit product with a private beta now live. The product aims to offer stable, predictable borrowing rates within the DeFi ecosystem.

TREE NEWS reports: LayerZero has introduced ATLAS, a new trading engine, causing its native token ZRO to surge by over 30%. The launch marks a significant development for the cross-chain protocol, aiming to enhance trading efficiency and liquidity.

TREE NEWS update: LayerZero has launched ATLAS, a headless exchange engine that routes 75% of post-venue trading fees into ZRO buybacks and burns, while paying trading venues rebates of up to 65%. This aims to align incentives and increase ZRO utility.

TREE NEWS reports: A wallet’s purchase of yield tokens in a $9 million Pendle pool dropped the principal token price by 2.8%, triggering liquidations of looped positions on a Morpho market with $52 million in borrows. No bad debt was incurred.

TREE NEWS reports: Galaxy has introduced a revolving credit facility backed by crypto assets, accepting BTC, ETH, and SOL as collateral. This move expands crypto-native lending options for institutional clients.

TREE NEWS update: Arcus, developed by dYdX Labs, has introduced leveraged tokens on Robinhood Chain that wrap perpetual positions into transferable ERC-20s, providing fixed-leverage exposure to assets like bitcoin and Robinhood stock without active position management. This innovation bridges traditional equities and crypto in a DeFi context.

TREE NEWS update: Mantle Vault is extending its services from centralized finance (CeFi) to decentralized finance (DeFi) by introducing a non-custodial yield vault designed for stablecoin holders. This move aims to provide users with a secure way to earn yields while maintaining control over their assets.

TREE NEWS update: THORChain has released version 3.2, introducing native cross-chain swap support for Monero (XMR) and Zcash (ZEC). This upgrade expands the protocol’s interoperability, allowing users to trade these privacy-focused assets directly on its decentralized liquidity network.

TREE NEWS reports: Arcus has introduced tokenized perpetual contract positions on Robinhood Chain, aiming to bring leveraged trading on-chain. The move expands DeFi derivatives infrastructure to the Robinhood ecosystem.