Flash News

TREE NEWS reports: Grayscale suggests Zcash’s growing privacy demand could challenge Bitcoin’s network effects, noting ZEC’s 19x rise in a year but its sub-1% share of Bitcoin’s market cap leaves room for upside.

TREE NEWS reports: The first post-quantum Bitcoin transaction was broadcast this week, announced at Bitcoin Asia by the Sharknet Foundation. This milestone demonstrates quantum-resistant technology on Bitcoin without requiring a fork.

TREE NEWS update: Ledger clarified it was not hacked, as OneKey’s demonstration of a vulnerability in an outdated Ethereum app was already patched. The exploit could have signed transactions different from those displayed on the device, but the fix was deployed prior to the disclosure.

TREE NEWS update: Brent crude oil has surged past $90 per barrel, currently trading at $90.07, marking a 1.0% increase over the last 24 hours. This price movement reflects ongoing volatility in the energy market, which could have implications for global inflation and macroeconomic conditions.

TREE NEWS reports: Ethena announced a tokenomics reform, leading to a 23% surge in ENA within 24 hours. The reform likely aims to adjust token distribution or incentives to improve sustainability.

TREE NEWS reports: Bitcoin holds above $80,000 as the Federal Reserve’s Jackson Hole symposium begins, with an agenda focused on payments and financial infrastructure for the first time in 40 years. This shift highlights the growing intersection of crypto and traditional finance.

TREE NEWS update: US media reports that Washington is close to reaching a major oil field agreement with Venezuela, which could ease sanctions and boost crude supply. The deal, if finalized, would mark a significant geopolitical shift impacting global energy markets.

TREE NEWS update: Bitcoin and crypto joined US stock markets in fresh gains after Nvidia Q2 earnings beat expectations by around $4 billion. The upbeat results lifted risk appetite across asset classes, with Bitcoin eyeing the $81K level.

TREE NEWS reports: Nvidia is reportedly acquiring Hugging Face, a move that would consolidate the open-source AI pipeline from silicon to distribution within a single company. This could have significant implications for AI developers and users, potentially altering the landscape of open-source AI.

TREE NEWS update: Moonwell, a lending protocol on Base, suffered an $8.7 million loss due to price manipulation of the MAMO token. The attacker inflated the token’s price and borrowed against it, prompting the protocol to cut borrow caps on all core markets to one wei.

TREE NEWS reports: An anonymous hacker who leaked GTA 6 footage launched a meme coin, $CYBERLEEK, which surged to ~$25M market cap in 9 days. Hours before Rockstar’s official reveal, the creator dumped holdings, realizing over $250K in SOL. The incident highlights the intersection of gaming leaks and crypto speculation.

TREE NEWS update: Citrini Research suggests a new ‘Treasury-Fed agreement’ could emerge as the Treasury shifts to short-term debt and the Fed shrinks its balance sheet, reducing long-term supply and potentially lowering long-term yields. The firm recommends betting on 30-year Treasuries outperforming 5-year notes.

TREE NEWS reports: According to Hyperbot data, Machibig Bro (Huang Licheng) has opened another 10x leveraged long position on PUMP, now holding 400 million PUMP tokens worth approximately $1.98 million, with an unrealized loss of $12,700.

TREE NEWS update: StarkWare has confirmed a quantum-resistant Bitcoin transaction on mainnet, featuring a 10,000-satoshi input and a 5,179-satoshi fee. The claims of quantum resistance are based on StarkWare’s assertions and the method’s author, with the onchain record serving as evidence.

TREE NEWS update: SK Hynix’s CEO predicts that the memory chip shortage will persist until the end of 2030, with no significant signs of a market downturn. This outlook suggests sustained demand for semiconductors, which may impact crypto mining hardware costs.

TREE NEWS update: Glassnode reports that 1.05 million BTC are held in the $83,000-$86,000 range, indicating strong long-term holder accumulation. This zone may act as significant support for Bitcoin’s price.

TREE NEWS reports: The president of the Polish Olympic Committee has been arrested on charges of accepting bribes in cryptocurrency. The arrest highlights the growing use of digital assets in corruption cases and the increasing scrutiny of crypto in law enforcement.

TREE NEWS reports: Liminal Money, a yield project on Hyperliquid, has enabled portfolio margin to boost returns. It now offers 30% APY via xHYPE capturing Hyperliquid funding rates, 17% via limUSD, and 15% via xBTC for Bitcoin funding.

TREE NEWS update: Binance founder Changpeng Zhao suggests Bitcoin could surpass gold’s market cap in the next bull run, noting gold is currently worth about ten times more than BTC. He acknowledges that countries face a lengthy process to shift reserves into Bitcoin.