Flash News

TREE NEWS update: DeFi Development, the treasury company of Solana, has resumed purchasing SOL, increasing its holdings to 2.33 million tokens. This move signals continued confidence in the Solana ecosystem.

TREE NEWS reports: A trader has opened a 20x leveraged long position on SOL worth approximately $10.45 million. This follows the trader’s previous success, having earned over $11 million from a long ETH position.

TREE NEWS update: Sparrow Wallet has released version 2.5.4, a security update that expands independent verification capabilities. Users are encouraged to update to enhance their wallet’s security and trustless operation.

TREE NEWS update: Reuters reports that Meta’s internal ‘Project OT’ to become AI-native, which could cut some team sizes by up to 60%, hit turbulence. CEO Mark Zuckerberg halted the second wave of layoffs in May, but still cut ~10% of staff, while internal data shows code changes up 220% but user-facing features only up 36%, and major incidents up 40%. Employee sentiment dropped from 74% to 55%.

TREE NEWS reports: Lido has revised its EarnETH fee structure, reducing the management fee to 0.2% while increasing the performance fee portion. This change aims to optimize incentives for users and maintain competitive positioning in the liquid staking market.

TREE NEWS update: Hyperliquid’s policy arm has formally submitted a letter to the CFTC, advocating for perpetual futures to become a key focus of US derivatives innovation. The move signals a push for regulatory clarity and growth in the crypto derivatives sector.

TREE NEWS update: Bitcoin’s realized cap momentum indicator has turned positive for the first time in 93 days, signaling a recovery in on-chain capital flows. This shift suggests renewed investor interest and potential bullish momentum for the cryptocurrency.

TREE NEWS reports: Crypto platforms have suffered cumulative losses exceeding $3.63 billion, with nearly 60% of attacks targeting projects that had completed security audits. This highlights the limitations of audits in preventing exploits.

TREE NEWS update: US initial jobless claims for the week ending August 22 came in at 203,000, below the expected 208,000. This indicates a resilient labor market, which could influence the Federal Reserve’s monetary policy decisions.

TREE NEWS reports: Core Lightning (CLN) disclosed that its AI security report identified multiple genuine vulnerabilities requiring attention. The project is coordinating fixes and urges users to update promptly.

TREE NEWS reports: Justin Sun’s lawsuit against actress Jing Tian has become the top trending topic on Weibo’s entertainment news. The case has drawn widespread public attention, though details remain scarce. This news is unrelated to crypto or RWA.

TREE NEWS reports: A new proposal on Solana aims to implement double deflation, which would reduce SOL issuance by 18.9 million tokens if passed. This could significantly impact the token’s supply dynamics.

TREE NEWS update: Chinese actress Jing Tian stated that she will leave all matters to the court and will not respond to other questions except for updates on legal proceedings. She made the statement amid ongoing legal disputes, emphasizing her commitment to resolving issues through judicial channels.

TREE NEWS reports: Justin Sun’s attorney has initiated a civil lawsuit against an individual named Jing and their parents, and the case has been officially accepted by the court. The details of the lawsuit remain undisclosed.

TREE NEWS reports: Blockchain analyst Specter reports that TRON address poisoning attacks have resulted in 15 victims losing $9.4 million over the past four weeks. The attacks involve scammers sending zero-value transactions to mimic user addresses, tricking victims into sending funds to the wrong address. This highlights the ongoing security risks in the crypto ecosystem.