Flash News

TREE NEWS update: Evernorth Holdings completed its business combination with SPAC Armada Acquisition Corp. II on Oct. 9 and began trading on Nasdaq under the ticker XRPN on Oct. 12, opening more than 15% higher before closing at $16.9. The combined company holds about 473 million XRP and $300 million in cash proceeds, and positions itself as an actively managed treasury aimed at lifting ‘XRP per share.’

TREE NEWS reports: Papertrade distributed $23.9 million to stakers in its first eight hours after launch, then only $2.4 million over the following 37 hours. Real traders on the platform posted $32.4 million in net losses, of which $26.3 million went to PAPER stakers and $4.3 million stayed in the LP pool. Address 0x35b2 traded $10.1 billion, lost $979,000, but holds 252 million PAPER, roughly 4% of all staked supply.

TREE NEWS update: NFT marketplace Blur said it will deprecate its blur.io frontend on Nov 12, 2026, with its Blend lending protocol halting new loan originations the same day. Existing borrowers must repay before the deadline or face default and liquidation. BLUR dropped below 0.015 USDT, a 24-hour loss of more than 16%, though the on-chain protocol and token holders’ fee switch control remain in place.

TREE NEWS reports: ARK Invest research director Lorenzo Valente said on Unchained that wealth managers’ client questions focus overwhelmingly on quantum computing risk to Bitcoin rather than token revenue metrics. He added he is more confident than a year ago that Bitcoin will migrate to new cryptographic signatures in time. Valente’s remarks reflect adviser priorities as crypto allocation questions reach mainstream portfolios.

TREE NEWS update: South Korean authorities moved to block access to 27 crypto websites, including exchanges KuCoin and MEXC, targeting platforms operating without local registration. Regulators acknowledged customers could have difficulty withdrawing assets from the affected platforms. The restrictions are aimed at unregistered exchanges.

TREE NEWS reports: NEAR Intents general manager Alex Shevchenko said part of the $3.8 million stolen in an exploit on the protocol has been returned in Monero. The remaining stolen funds had been traded into XMR, which NEAR Intents is now working to convert after refilling its contracts from its own funds, Shevchenko said.

TREE NEWS reports: Bitcoin dropped below $82,000 as crypto liquidations reached $771 million over the past 24 hours, with $685.6 million of that total in long positions. The slide marks a sharp selloff in the derivatives market, where leveraged bullish bets bore the brunt of the forced closures.

TREE NEWS reports: Xash’s Kevin Huynh is pitching stablecoin issuers on gold rewards as an alternative to passive yield, saying the company currently funds the gold with its own venture money. No stablecoin issuer has signed a contract yet, Huynh said.

TREE NEWS reports: ScopeLift CEO Ben DiFrancesco said the “regulatory excuse” for governance tokens that return no value is going away, arguing protocols that can earn fees ought to have a credible plan for sending value to their tokens. Speaking on Uneasy Money, he said governance tokens exist to provide economic security.

TREE NEWS update: Aptos has rolled out an optional Encrypted Mempool feature that conceals transaction details until their order is finalized, blocking bots from exploiting pending trades for frontrunning and sandwich attacks. The mechanism hides transaction contents from validators and searchers before sequencing, removing the information advantage that enables predatory MEV strategies on the network.

TREE NEWS reports: Crypto trader Bonk Guy said in a post on X that the real altcoin and meme-coin rally of this cycle has not yet started, arguing that unrealized profit and loss only becomes real once a position is sold. He advised investors to ignore short-term price swings, keep holding or add to their highest-conviction positions, and avoid exiting before the move he expects arrives.

TREE NEWS update: Pump.fun co-founder Alon said the platform is adjusting its reward algorithm to reduce incentives for low-quality shilling, where users earn rewards by promoting large numbers of low-market-cap tokens without regard for followers’ actual returns. He added that the team is working out how to define worthwhile early calls and set corresponding market-cap thresholds, with specific criteria not yet published.

TREE NEWS reports: Bitcoin fell below $82,000 on the evening of October 12, triggering $488.61 million in total leveraged liquidations across crypto exchanges in 24 hours, Coinglass data shows, hitting 118,142 traders. Long positions accounted for $406.48 million, or 83.2% of the total, while shorts made up $82.14 million. Ethereum saw the largest liquidations at $115.19 million, followed by Bitcoin at $106.61 million; Binance accounted for 52.3% of the total, with the single largest liquidation a $9.65 million BTC long at $81,772.

TREE NEWS update: Yuga Labs blockchain vice president Quit urged users to immediately revoke their NFT approvals to Blur smart contracts, ahead of Blur’s front-end shutdown on November 12. Quit said an investigation found no exploitable vulnerability in Blur’s current contracts, but noted they are upgradeable and could be maliciously modified later. At least $10 million worth of NFTs remain approved to Blur contracts, leaving security dependent on the team’s operational practices; Quit recommended revoking via tools such as revoke.cash.

TREE NEWS update: BLUR dropped more than 27% in 24 hours to $0.01384. Blur said in a post on X that the blur.io frontend will be deprecated on November 12, 2026, adding that the deprecation covers only the frontend, the Blur marketplace protocol will continue running on-chain, and BLUR will retain control of its fee switch.

TREE NEWS update: Blur will shut down its NFT marketplace frontend next month while the underlying protocol remains onchain, the platform said. The BLUR token fell more than 20% following the announcement. The move comes as NFT trading volumes continue to decline across the market.

TREE NEWS reports: Ether fell below $2,500, trading at $2,497.58 per token, down 1.28% over the past 24 hours. The move marks a fresh intraday low for the second-largest cryptocurrency as it gives up the $2,500 level.

TREE NEWS update: Blur said its blur.io frontend will be deprecated on Nov 12, 2026, while the Blur marketplace protocol continues to run on-chain and BLUR retains control of its fee switch. NFT lending protocol Blend will stop matching new loans the same day, with borrowers required to repay or let loans default; Blur will provide frontend tools to withdraw assets from Blend. BLUR traded at $0.0194, down 7.75% in 24 hours.

TREE NEWS update: Standard Chartered’s Dubai branch now provides custody for Ripple’s RLUSD stablecoin and plans a link with LMAX that will let institutions post the stablecoin as trading collateral while the coins remain in custody. The arrangement lets clients trade with RLUSD without moving it. The bank did not disclose a launch date for the LMAX integration or the size of assets involved.

TREE NEWS reports: FTX’s crypto mining venture is now being used to advance AI, the defunct exchange having acquired a 20% stake in Genesis Digital Assets before declaring bankruptcy in November 2022. The stake in the bitcoin miner represents one of the failed exchange’s remaining assets.