Flash News

TREE NEWS update: Chinese listed firm Xingyun Technology said its wholly owned subsidiary Shenzhen Xingyun signed a new computing power service agreement with a VB client, replacing the original contract. The tax-inclusive total rises to 3.357 billion yuan, about 9.96% above the prior contract and 231.13% above the initial 1.014 billion yuan. The deal covers 256 units and is expected to affect future results.

TREE NEWS reports: XASH is proposing gold rewards as a way to solve the stablecoin distribution problem. The pitch centers on using gold-based incentives to drive adoption of stablecoin products. No figures, launch date or partner names were disclosed.

TREE NEWS reports: Pearl’s PRL token rose more than 300% over the past month, from $0.33 to $1.40, with about 16.3% of its 2.1 billion supply mined and circulating market cap above $470 million. The L1 protocol, which pays miners in PRL for GPU work on AI training and inference, joined NVIDIA Inception on July 15 and now offers seven OpenAI-compatible models on its Serverless Inference platform.

TREE NEWS update: The UK has frozen a $12 million London penthouse belonging to Thet Li, accused of running the finances of a scam empire linked to $14 billion in Bitcoin that the United States has moved to seize. The asset freeze is the latest action against figures tied to the alleged fraud network.

TREE NEWS update: Hong Kong Exchanges and Clearing has partnered with S&P Dow Jones Indices to launch the S&P 500 HKEX Tech 100 Index, the exchange announced. The index measures the performance of leading US-listed companies alongside the largest technology companies listed in Hong Kong. It allocates roughly 60% to the HKEX Tech 100 Index and 40% to the S&P 500, with weights rebalanced quarterly.

TREE NEWS reports: Kalshi is reviewing three sub-$100 wagers that correctly called Donald Trump’s pick for White House press secretary, Katie Zacharia, before the news broke. The bets were placed when the market priced her at roughly a 1% chance, with the last two placed less than 20 minutes before the announcement. The review follows scrutiny of whether traders had advance knowledge.

TREE NEWS update: The Sui Foundation is committing $30 million to the DATA Network, which will rebuild the AI data registry of the former Story blockchain on Sui. Under the transition plan, the DATA token will convert one-for-one onto Sui, though no date has been set for the migration. Story is shutting down as part of the move.

TREE NEWS update: Payward, the parent company of crypto exchange Kraken, has received full market approval from Dubai’s Virtual Assets Regulatory Authority to expand its digital asset services in the UAE. The full licence follows the preliminary approval the company secured in May and clears the way for a dirham trading rollout.

TREE NEWS update: Jeonbuk Bank has confirmed it issued a corporate loan denominated in Korean won secured by custodied Bitcoin, with defaults to be handled through court sales of the collateral. The South Korean lender did not disclose the loan’s size, interest rate or loan-to-value ratio. The bank did not name the borrower.

TREE NEWS update: The XRP Ledger patched a bug on Sept. 25 that could have broken the token’s fixed supply. The flaw may have existed since 2015. The fix became the first transaction-processing change deliberately shipped without an amendment vote since amendments were introduced.

TREE NEWS update: Standard Chartered has launched custody services for Ripple’s RLUSD stablecoin on the XRP Ledger. The bank is working with Ripple and LMAX Group to enable RLUSD as collateral for certain LMAX products under its collateral mirroring model. The move marks a further step in bank-backed infrastructure for stablecoin settlement and collateral use.

TREE NEWS reports: An address executed 1,012 trades on Papertrade for a cumulative volume of $10.1 billion, ending with a trading loss of $979,000, on-chain tracker Lookonchain reported on October 12. The address received 252 million PAPER tokens for the losses plus 997,000 USDC in staking rewards, leaving it with a net profit of $17,800.

TREE NEWS update: According to a report by on-chain tracking tool Lookonchain on October 12, an address executed 1,012 trades on Papertrade, with cumulative trading volume reaching $10.1 billion, but ultimately recorded a trading loss of $979,000. The address received 252 million PAPER tokens as compensation for the loss, and additionally earned 997,000 USDC in staking rewards, resulting in a net profit of $17,800.

TREE NEWS update: Standard Chartered has launched custody for Ripple’s RLUSD stablecoin on the XRP Ledger and plans to let institutions use the tokens as trading collateral. The bank said it is also eyeing a collateral deal with LMAX. The move extends Standard Chartered’s digital-asset custody business to Ripple’s dollar-backed stablecoin.

TREE NEWS reports: Justin Sun, the Tron founder, and English-speaking influencer Alan Shao held a four-hour conversation on how young people with no connections or resources should navigate AI and crypto. Sun argued that individuals should “AI-ify” their lives by keeping personal data local and using APIs, that Crypto translates money into a language machines can understand, and that health and longevity become the scarcest assets in the AI era.

TREE NEWS update: SWI Group has completed an €800 million (about $895 million) fundraising to expand its AI infrastructure business. The company, which previously took control of FTX-backed bitcoin miner Genesis Digital Assets, said it will retrofit some bitcoin mining facilities suited to high-performance computing for AI workloads. The move marks a shift from traditional crypto mining toward AI compute infrastructure.

TREE NEWS update: SWI Group has completed an €800 million (approximately $895 million) fundraising round to expand its AI infrastructure business. The company, which previously took control of Genesis Digital Assets — a bitcoin miner once backed by FTX — said it will retrofit several bitcoin mining facilities suitable for high-performance computing to serve AI workloads. The move marks a shift from traditional cryptocurrency mining to AI computing infrastructure.

TREE NEWS update: South Korean crypto exchange Bithumb will list the KGEN token on its Korean won market, with trading expected to open at 19:30 local time. The listing gives the token a direct fiat trading pair on one of the country’s major exchanges.