Flash News

TREE NEWS update: Sui is backing DATA with $30 million as the network plans to retire its own chain, with DATA balances set to carry over one-for-one onto Sui. Support for validator staking and smart contracts on the chain formerly known as Story will wind down. No timeline for the migration was given.

TREE NEWS reports: THORChain’s seven-day fee total has climbed back above its pre-surge week, but remains 84% below the September peak. Fees had plunged 91% during Oct. 2–8. The rebound leaves the protocol’s revenue well short of its prior high.

TREE NEWS reports: Crypto futures liquidations across exchanges totaled $348 million in the past 24 hours, with $195 million in long positions and $152 million in shorts, CoinGlass data shows. Bitcoin liquidations reached $83.56 million and Ethereum $76.46 million. The single largest liquidation was a $4.89 million HYPERLIQUID-BTC-USD order.

TREE NEWS update: Pando will list its spot Solana ETF in Hong Kong on Oct. 13, charging a 0.60% annual management fee. The fund adds another option alongside ChinaAMC’s Solana ETF, which held $8.58 million at the end of August.

TREE NEWS update: SkyAI is selling half of its SOL treasury and plans a $201 million cash buyback. The proposed $3-per-security offer targets 95% of eligible shares and warrants, with a condition that SOL’s closing price stays above $100 during the offer period.

TREE NEWS reports: A buyer has reported a second tampered Ledger device, this one purchased from MediaMarkt, and is calling for a recall. The buyer named distributor Aqipa and said the device is being sent to Ledger for analysis. Ledger Support maintains that confirmed cases so far involve CryptoBilis.

TREE NEWS reports: DeFi Development Corp. added 22,070 SOL last week, lifting its total holdings to 2.59 million SOL, a 12% increase. The company’s CHAD preferred stock hit record highs despite a broader selloff.

TREE NEWS reports: Bitcoin broke below its roughly $82,500 box lower boundary on Oct. 8, touching a low of $80,400 before rebounding above the support on shrinking volume. The rebound is being treated as a pullback confirmation, with the Sept. 21 high of $87,399 likely marking the end of the five-wave bounce. HYPE also fell 4.82% on Oct. 8, breaking its two-month rising channel.

TREE NEWS update: Nasdaq-listed TROOPS Inc. (TROO) said it signed a conditional share purchase agreement to acquire EFFORCE Group, a blockchain, digital asset and sustainability firm founded by Apple co-founder Steve Wozniak. Wozniak will retain an equity stake in EFFORCE as a shareholder after the deal closes. TROOPS said the combination will build a digital asset infrastructure platform spanning technology, regulatory compliance, business development and market channels.

TREE NEWS reports: Trader Killa said Bitcoin bulls need to step in around the $80,000 area, warning that a failure to hold the level could send BTC down to $76,000-$78,000. The coin had broken above its trading range and is now retesting that structure; a drop back below without recovery would signal a failed breakout and structural damage. Roughly $2 billion in liquidations have already occurred, so another sharp sell-off would point to weakness rather than a healthy correction.

TREE NEWS update: Evernorth’s share price rose 5% at the Nasdaq opening print as investors welcomed the debut of the first pure-play XRP digital asset treasury. The listing marks the arrival of a publicly traded vehicle dedicated solely to holding XRP.

TREE NEWS reports: Bitwise CEO Hunter Horsley said on X that global gold’s market size was about $2.5 trillion when gold ETFs launched in 2004, while Bitcoin’s total market was about $2 trillion when US spot Bitcoin ETFs launched in 2024. He drew the comparison to show both asset classes already carried substantial scale as ETF products entered the market. US spot Bitcoin ETFs were approved and listed in 2024.

TREE NEWS update: USDGO, the OSL-branded stablecoin issued by Anchorage Digital Bank, has added trading liquidity on Solana through Jupiter Lend and Fluid. The stablecoin has about $1.29 billion in circulation. Lending markets for USDGO are planned next.

TREE NEWS reports: The discovery of an unauthorized implant in a Ledger hardware wallet has reignited debate over whether Bitcoin ETFs are a safer way to hold BTC than self-custodying via hardware devices. The finding raises questions about the security assumptions behind hardware wallets, which are marketed as the most secure form of self-custody. No details on the scope of the implant or affected devices were given.

TREE NEWS update: AI compute operator KONST has closed a $30 million Series B round led by ADATA Technology, with M Mobility and Pegatron Venture Capital among strategic participants. The company said the new capital will fund expansion of its AI data center buildout and accelerate its Token Factory strategy.

TREE NEWS update: OneKey has cut off reseller CryptoBilis and is offering free replacement wallets to affected buyers. All OneKey models purchased from the reseller between March 1 and Oct. 12 qualify, including used devices. Buyers must submit their applications by Dec. 31.

TREE NEWS reports: Bitmine (BMNR) bought another 12,532 ETH last week, bringing its Ethereum treasury to 6.03 million tokens, or 4.9% of total supply, with 84% of the holdings staked. Chairman Tom Lee flagged the potential for the “largest-ever” crypto bull market.

TREE NEWS update: Bitmine added $32 million in Ethereum, lifting its treasury to 6.03 million ETH, or 4.9% of the token’s total supply. Chairman Tom Lee said the company is nearly “done stacking” and predicted the biggest crypto bull market yet.

TREE NEWS reports: Ledger’s own security documentation states that its Genuine Check feature cannot detect spying implants that leave the secure chip intact, a limitation that affects buyers beyond any single reseller. The disclosure comes as Ledger maintains its warning about reseller CryptoBilis. The gap applies to anyone relying on Genuine Check to verify a device.

TREE NEWS update: Strategy purchased $21.5 million worth of bitcoin, lifting its total holdings to 848,250 BTC. The buy follows a $176 million repurchase of STRC preferred stock the week before, alongside a $192 million buyback of the same instrument.