Flash News

TREE NEWS reports: An address 0x93c…3C6B9 deposited 11.64 million ENA, worth about $2.85 million, to Bybit on October 12, roughly a month after its previous deposit to the exchange. The tokens originated from an Ethena Proxy address, and the transfer marks the largest such deposit in nearly a year.

TREE NEWS update: DATA Network is migrating to Sui and retiring its own blockchain, a move backed by a $30 million investment from the Sui Foundation. The migration will see the network abandon its standalone chain in favor of building on Sui. No timeline for the transition was given.

TREE NEWS update: French lawmakers have backed a rule requiring holders to report crypto wallets worth more than $112,000. Holders could face fines of up to 10,000 euros for failing to declare qualifying assets. The measure advances as France tightens reporting requirements for digital asset holdings.

TREE NEWS update: Feikai Materials said on October 12 via an investor interaction platform that its high-phase-modulation liquid crystal for WSS optical communication chips has entered small-batch orders with some customers. The company said the product contributes little to its overall performance at this stage.

TREE NEWS update: Former Acting CFTC Chair Caroline Pham said the agency has authority to regulate almost everything except ‘onions and box office receipts,’ and that its recent proposals are ‘absolutely the kind of protection’ needed for US crypto retail traders. Pham made the comments as the CFTC advances a rulemaking agenda covering retail trading in digital assets.

TREE NEWS update: DFINITY has tied its Cloud Engines enterprise product to a deflationary plan called Mission 70, under which node providers keep 80% of Cloud Engines revenue while 20% is used by the network to buy and burn ICP. The plan targets cutting ICP’s inflation rate from 9.72% to 2.92%. Cloud Engines is still in Early Access, and SEV encrypted nodes remain a roadmap feature with zero nodes live.

TREE NEWS update: Honor announced its WIN2 series will launch on October 21 at 14:30, positioning the new lineup as gaming phones. The company highlighted a “red-blue buff” gradient design, and said the devices will go on sale the same day as the launch.

TREE NEWS update: Huawei said on Oct 11 that official information should be the reference point after reports circulated that it plans to launch a mid-range smartphone sub-brand called “Xingmang,” positioned against its former budget line Honor. The reports said the phones would use Kirin 8-series chips and native HarmonyOS but skip high-end features such as satellite communication. Huawei customer service said on Oct 12 that it had not verified the information and advised waiting for company announcements.

TREE NEWS update: The Sui Foundation has invested $30 million in DATA Network, an AI data protocol that will be upgraded to run natively on Sui, with its independent chain retired. The migration makes DATA Network a native Sui protocol rather than a separate network.

TREE NEWS update: The XRP Ledger Foundation has pushed back against claims that its emergency security patch was forced on network operators. The fix addressed a bug that could have allowed unlimited XRP to be created, the foundation said, rejecting assertions that node operators had no say in the upgrade. The dispute centers on how the emergency patch was rolled out across the network.

TREE NEWS reports: Starknet’s STRK token climbed 322% over four weeks, outpacing both bitcoin and ether, while the network’s DeFi total value locked rose about 5% over a slightly shorter period. Starknet’s proposed shift to a Layer 1 remains under discussion.

TREE NEWS reports: MAGIC rose 38.96% to $0.1359 over 24 hours, leading a Layer 2 scaling and modular blockchain sector rally, while bitcoin gained 0.82% to top $84,000. Ether traded at $2,535, BNB at $754 and SOL at $111, with total crypto market capitalization down 0.3% at $2.894 trillion. S, W, LUMIA, PLUME and STRK gained 27.81%, 24.26%, 21.44%, 21.21% and 20.52% respectively.

TREE NEWS update: The XRP Ledger Foundation said a vulnerability that could have bypassed the ledger’s fixed 100 billion XRP supply cap was patched two weeks ago in version 3.4.1, and that no new XRP was created, with about 99.986 billion XRP now in circulation. The flaw required hundreds of deliberately constructed operations to trigger. The fix was released directly, after more than 80% of validators backed it for two consecutive weeks.

TREE NEWS update: Billionaire Adam Weitsman said on X that he bought 117 Pudgy Penguins NFTs on-chain this weekend. Weitsman called Pudgy Penguins one of his favorite NFT collections and said the purchase was meant to support the project, adding that “the penguin community will continue to stay strong.”

TREE NEWS update: Arthur Hayes said on X that he plans to launch the FLOP testnet within the coming weeks. At Token2049 he had said the testnet would go live in October with a 90-day cycle, followed by mainnet in the first quarter of 2027, with users who mine on the testnet receiving a token airdrop.

TREE NEWS reports: AVAX gained nearly 50% over four weeks, outperforming bitcoin and ether, even as the token slipped 1.7% on the week. During the same period, Avalanche shortened the minimum commitment required of validators. The token held its lead despite the weekly decline.

TREE NEWS reports: SlowMist founder Yu Xian said on X that one of the CryptoBilis-related cases he is tracking involves a Ledger Flex hardware wallet. Previously, the known affected devices were mainly Ledger Nano X, and he suspects other mainstream Ledger models sold through the reseller CryptoBilis may also have been tampered with.

TREE NEWS reports: Security researchers using AI uncovered an XRP bug they valued at “$94 billion,” but received only a $250,000 bounty for the find. Separately, a user reported buying a tampered Ledger hardware wallet from a large retailer in Europe, extending the Ledger supply-chain attack beyond its previous scope. The two developments were reported together in a crypto news roundup.

TREE NEWS reports: A trader netted $1.28 million on new 1,000x exchange Papertrade by moving Hyperliquid’s ETH prices, then lost $450,000 when 30 short positions were liquidated on Saturday night. The positions had stayed open for more than three hours before the liquidation.

TREE NEWS reports: A Ledger Stax hardware wallet has been found containing an unauthorized hardware implant capable of transmitting users’ seed phrases to an attacker, in what is described as the first such case. The suspected modification includes a Nordic nRF9151 4G/LTE cellular modem that does not exist in genuine Ledger devices, alongside additional unauthorized components, with cables running across the battery to an antenna hidden inside the back cover.