Flash News

TREE NEWS reports: Crypto analyst Darkfost said Bitcoin has entered a phase of markedly increased seller pressure. After a recent rebound pushed BTC above $85,000, the Seller Exhaustion indicator signaled rising potential selling pressure, with the increase abrupt and most evident among short-term holders. The reading is now close to thresholds seen at several local tops earlier this cycle; the analyst said demand improvement and volatility convergence are needed to curb a potential pullback.

TREE NEWS update: Yandex reported on October 11 that infrastructure at its data center in the city of Vladimir was damaged in a drone attack, with no casualties, and that operations at the facility have been halted. Vladimir region governor Avdeyev said the same day that infrastructure on the outskirts of Vladimir caught fire in the strike, cutting power to two substations serving 5,000 residents. No injuries have been reported.

TREE NEWS update: Russia’s Energy Ministry said crypto miners connecting to the grid are classified under the fourth power-supply reliability tier, meaning authorities can cut their electricity at any time without prior consultation. The category, established by a government decision in February, permits technical grid connection in regions where energy shortages have been declared and mining is banned. The ministry said the measure uses existing energy infrastructure without threatening residential supply reliability.

TREE NEWS reports: Centralized exchanges recorded a net outflow of 14,978.95 BTC over the past seven days, Coinglass data shows. Binance accounted for 16,455.52 BTC of outflows and Coinbase Pro 4,034.39 BTC, while Bitfinex saw inflows of 3,655.46 BTC and Kraken 1,253.88 BTC.

TREE NEWS reports: Ether fell below the $2,500 mark, trading at $2,499.89, down 0.48% over the past 24 hours. The move puts ETH just under the round-number threshold as the session’s decline held modest.

TREE NEWS reports: Circle issued about $9.7 billion in USDC and redeemed about $10.5 billion in the seven days through Oct. 8, cutting circulation by roughly 800 million tokens. Total USDC in circulation stands at 73 billion, backed by about $73.2 billion in reserves, including $36.3 billion in overnight reverse Treasury repo, $26.9 billion in Treasuries maturing in under three months, $9.3 billion in deposits at systemically important institutions and $700 million at other banks.

TREE NEWS update: Ripple-backed XRP treasury company Evernorth completed its business combination with SPAC Armada Acquisition Corp. II on October 9, bringing roughly 473 million XRP and $300 million in gross cash proceeds into the public market. The company is expected to begin trading on Nasdaq under the ticker XRPN the following Monday.

TREE NEWS update: Zero Gravity Aircraft Industry (Hefei) Co. and Anhui Provincial Transportation Planning and Design Research Institute Co. signed a strategic cooperation agreement on Oct. 10 at the institute’s headquarters. The two will explore low-altitude cultural tourism and rural revitalization around Zero Gravity parks, general aviation airports and idle supporting facilities, and study joint models linking design, procurement, construction, financing and operations, plus FBO, MRO, training and aircraft management services.

TREE NEWS reports: Filecoin is approaching the end of its six-year vesting schedule, which will remove roughly 68 million FIL from annual token releases. At the current mining pace, annualized additions from vesting and block rewards are set to fall from about 89 million FIL to 21 million. Storage-provider rewards continue.

TREE NEWS update: Taiyi Liang Sheng (Shanghai) Quantum Technology announced on October 10 a new funding round that brings its total raised to more than RMB 1 billion since its founding just over eight months ago. New investors include Jinqiu Fund, Yunbo Capital, Hongruida Investment, Chengdu Hi-Tech Vision Fund and Lingang Frontier Investment, while existing backers Huakong Fund, Hengxu Capital, Boyuan Capital, Gaomai Investment and Yarui Capital increased their positions.

TREE NEWS reports: Papertrade is facing an oracle-manipulation allegation after a cited wallet showed roughly $1.73 million in realized trading gains on PaperDash. The platform’s loss-funded pool pays winners, with unpaid profits queued when cash runs short, and its house pool currently stands at $3.14 million.

TREE NEWS reports: One year ago, on Oct. 11, 2025, crypto markets suffered a record single-day liquidation of more than $19 billion. Bitcoin, which had hit an all-time high of $126,080 on Oct. 7, fell 12.7% from about $116,900 to $102,000 in 30 minutes around 16:50 Beijing time. Binance paid roughly $283 million in compensation to affected users after extreme price deviations, including ATOM at $0.001 and USDe at $0.65.

TREE NEWS update: One year ago, on October 11, 2025, the crypto market suffered the largest single-day liquidation in history, exceeding $19 billion. Bitcoin, after hitting an all-time high of $126,080 on October 7, fell 12.7% from around $116,900 to $102,000 within 30 minutes at approximately 16:50 Beijing time. Binance paid about $283 million in compensation to affected users following extreme price deviations, including ATOM at $0.001 and USDe at $0.65.

TREE NEWS reports: POAP founder @worthalter transferred another 4,000 ETH, worth $10.02 million, to exchange Gemini six hours ago, on-chain analyst Yu Jin monitored. Over six days he has sold down 8,000 ETH at an average price of $2,601, and still holds 51,468 ETH valued at $129 million.

TREE NEWS reports: SUI has climbed 54% over the past four weeks, outpacing both bitcoin and ether, though a recent pullback interrupted the rally. The token’s DeFi liquidity also expanded over the same period, but at a slower pace than its price, leaving the rally only partly matched by on-chain activity.

TREE NEWS update: SUI has risen 54% over the past four weeks, outperforming both bitcoin and ether, even though a recent pullback interrupted its upward momentum. The token’s DeFi liquidity also expanded during the same period, but at a slower pace than its price, meaning the rally is only partially reflected by on-chain activity.

TREE NEWS update: Pump.fun will change how it pays rewards for token callouts, linking payouts to the profits earned by a caller’s followers, co-founder Alon said. Low-cap token recommendations will earn less under the new structure, which takes effect with the Oct. 10 payout.

TREE NEWS reports: Kalshi is investigating three bets totaling about $173 placed on President Trump’s press secretary pick before news outlets reported the selection of Taylor Zacharia, the company said. The bets are expected to pay out roughly $9,600 combined if the wagers are honored. The prediction market is reviewing whether the trades were placed with advance knowledge of the announcement.

TREE NEWS reports: Kalshi announced it is investigating three bets worth a total of about $173 placed on President Trump’s press secretary pick before news media reported the selection of Taylor Zacharia. If these bets are validated, payouts are expected to total about $9,600. The prediction market is scrutinizing whether these trades were made based on prior knowledge of the announcement.

TREE NEWS update: Ledger Support said on X that it has confirmed an unauthorized hardware implant inside one affected user’s device, and is contacting that user while investigating with law enforcement and SEAL 911. Southeast Asian reseller CryptoBilis has halted sales of all hardware wallet inventory until the probe concludes. Ledger said there is no indication its security infrastructure, systems or services were compromised, and told users who bought devices from the reseller not to initialize them. Analysts previously estimated losses tied to CryptoBilis users at over $86 million.