Flash News

TREE NEWS update: Stripe and Advent International have scrapped their plan to acquire PayPal for over $50 billion. The deal, which would have been one of the largest in fintech, has been terminated, though no specific reason was disclosed.

TREE NEWS reports: Irish authorities have seized and frozen approximately $900,000 in cryptocurrency as part of an operation against a drug trafficking organization. The action highlights the growing use of digital assets in illicit activities and law enforcement’s increasing capability to track and confiscate them.

TREE NEWS update: AI local merchant platform owner completed a $240 million funding round at a $2.3 billion valuation, with Goldman Sachs leading the investment. The funding will support the company’s expansion in AI-driven local business solutions.

TREE NEWS update: US spot Bitcoin ETFs saw eight consecutive days of net inflows, absorbing billions from institutions, yet Bitcoin price repeatedly failed to break above $80,000. The divergence is attributed to basis trading by hedge funds, long-term holder and miner profit-taking, and options market maker gamma hedging, which offset the buying pressure.

TREE NEWS reports: Solana’s native token SOL has fallen below the $105 mark, according to market data. The decline reflects ongoing volatility in the cryptocurrency market.

TREE NEWS reports: UK police have seized approximately $1.4 million in Bitcoin traced to a now-defunct dark web marketplace. The funds were confiscated as part of an ongoing investigation into illegal activities on the platform.

TREE NEWS update: Gate’s stock derivatives section has launched pre-market trading for SHEINUSDT perpetual contracts, allowing traders to speculate on SHEIN’s stock price before its IPO. This move expands Gate’s offerings in pre-IPO derivatives, targeting crypto traders interested in traditional equity exposure.

TREE NEWS reports: French Bitcoin treasury firm Capital B has raised $24.5 million in a private placement, with support from Adam Back and TOBAM. The company may unlock an additional $158 million through warrant exercises, amid market uncertainty.

TREE NEWS update: Public Citizen reports that investors in Trump-associated crypto projects have suffered at least $4.7 billion in unrealized losses. The figure highlights the financial toll on those backing the ventures.

TREE NEWS reports: UK police have seized 20.21 BTC worth $1.4 million, traced to darknet markets that operated between 2016 and 2019. The bitcoin was held by a man who died before the forfeiture, and the funds have now been confiscated by authorities.

TREE NEWS update: CryptoQuant CEO Ki Young Ju says Bitcoin’s profitability data has flashed a bear-market reversal signal last seen in early 2023, suggesting the current downtrend may be ending. The metric indicates that the bear market is likely over, with recovery patterns mirroring the 2023 rebound.

TREE NEWS reports: In the UK, 240 crypto asset taxpayers declared £717 million in capital gains, accounting for more than half of the total reported gains. This highlights the significant contribution of crypto investors to the country’s tax revenue.

TREE NEWS reports: Circle, the issuer of USDC, has become the official shirt sponsor of Chelsea FC, with the USDC logo set to feature on the team’s jerseys. This partnership highlights the growing mainstream adoption of stablecoins and crypto in sports.

TREE NEWS update: HMRC’s first-ever breakdown reveals 17,600 UK residents declared £1.38 billion in taxable crypto gains, with 240 individuals accounting for over half. Most declarants are under 55, and 87% are men.

TREE NEWS reports: A whale address spent 13.55 million USDT to purchase 5,425 ETH within 30 minutes, indicating significant large-scale buying activity in the crypto market. This move could signal bullish sentiment or strategic accumulation by a major investor.

TREE NEWS update: MANTRA disclosed a post-mortem of a recent attack, revealing that an underflow vulnerability allowed over 720 million tokens to be transferred, with approximately 37.96 million frozen. The incident underscores ongoing security challenges in DeFi protocols.

TREE NEWS update: Moonwell, a DeFi lending protocol, lost $8.7 million on Base after an attacker bypassed its supply cap by depositing once and then sending 53 million tokens directly to the market, inflating the value of their shares about 3.7-fold. The exploit highlights vulnerabilities in supply cap mechanisms.