Flash News

TREE NEWS update: Anza, the core development team behind Solana, announced the activation of the first phase of SIMD-0437 on the testnet, aiming to reduce storage costs by up to 90%. This proposal is part of ongoing efforts to optimize network efficiency and lower barriers for users and developers.

TREE NEWS reports: Yi Lihua, a prominent crypto investor, predicts a possible short-term pullback for Bitcoin and plans to close his long position around $86,000. This reflects cautious sentiment amid market volatility.

TREE NEWS reports: Grayscale reports that the correlation between Bitcoin and gold has surpassed 50%, suggesting that the debasement trade may be making a comeback. This signals growing investor interest in assets that hedge against currency devaluation.

TREE NEWS update: A member of the Abu Dhabi royal family has reportedly supported a crypto banking project associated with Donald Trump. The involvement highlights growing ties between Middle Eastern capital and US political figures in the digital asset space.

TREE NEWS reports: The current Crypto Fear and Greed Index stands at 72, indicating a state of greed. This suggests that market sentiment is bullish, with investors showing increased risk appetite.

TREE NEWS update: Evernorth, the treasury company holding XRP, is now only a shareholder vote away from listing on the Nasdaq. The vote is the final hurdle before the company’s shares begin trading on the US exchange.

TREE NEWS update: Sheikh Tahnoon’s group reportedly acquires a 49% stake in the holding company behind World Liberty, a Trump-linked crypto bank venture with conditional approval as a US trust bank. The move signals growing institutional and sovereign interest in crypto banking.

TREE NEWS reports: Bitcoin spot ETFs recorded a net inflow of $242 million yesterday, marking the ninth consecutive day of inflows. This sustained momentum reflects growing institutional demand for regulated Bitcoin exposure.

TREE NEWS update: Hong Kong stocks opened lower but recovered by midday, with the Hang Seng Index turning positive. Telecom-related shares outperformed, leading the market’s gains.

TREE NEWS reports: Japan’s two-year government bond auction saw the weakest demand since 2016, indicating investor reluctance amid expectations of policy normalization. The tepid bidding reflects market uncertainty over the Bank of Japan’s monetary policy direction.

TREE NEWS reports: Data suggests that if Ethereum breaks above $2,613, cumulative short liquidation intensity on major centralized exchanges could reach $926 million. This level is seen as a key resistance point that could trigger a cascade of forced buy orders.

TREE NEWS reports: UBS notes that gold’s 17% summer rally has shifted from a rate-driven rebound to a ‘debasement trade’ as fiscal concerns rise. The bank maintains a bullish outlook, seeing dips as buying opportunities despite hawkish Fed risks.

TREE NEWS update: Grayscale CEO Michael Sonnenshein believes the crypto winter has ended, asserting that the market still overlooks the long-term value of digital assets. He emphasizes the growing institutional adoption and the potential of blockchain technology.

TREE NEWS reports: The Bank of Russia has added 2,600 cryptocurrency wallets to its blacklist as part of ongoing efforts to combat illicit financial activities. The move underscores the central bank’s tightening oversight of the crypto market, though details on the specific wallets and criteria for inclusion remain undisclosed.

TREE NEWS update: OpenAI has demonstrated its upcoming AI model, Astra, to select VIP clients, with CEO Sam Altman suggesting it could be the first model capable of inventing new things. The move signals OpenAI’s push to showcase advanced capabilities to key partners ahead of a potential public release.

TREE NEWS reports: SK Hynix plans to strengthen collaboration with Japanese storage partners and push forward its US-based HBM packaging facility. This move aligns with broader semiconductor supply chain diversification efforts.

TREE NEWS update: Anthropic is reportedly planning to permit its existing shareholders to sell their shares during its initial public offering. This move aims to provide liquidity to early investors and employees. The decision reflects the company’s preparation for a public listing.