Flash News

TREE NEWS reports: Ether (ETH) has fallen below the $2,500 mark, according to market data. The decline reflects ongoing volatility in the cryptocurrency market.

TREE NEWS reports: The Bank of England has been handed a new legal duty to support stablecoin innovation, as part of a bill due before the House of Lords in September, while maintaining financial stability as its primary objective. This move signals the UK’s intent to become a hub for digital asset innovation.

TREE NEWS update: SMIC reported H1 2026 revenue of 38.635 billion RMB, with net profit attributable to shareholders up 94.2% year-over-year. The strong performance reflects robust demand in the semiconductor sector.

TREE NEWS reports: HashKey Group announced its 2026 interim results, showing a 20.6% increase in revenue year-over-year. The company highlighted growth across its core businesses, including exchange, custody, and asset management, underscoring its expanding footprint in the digital asset industry.

TREE NEWS reports: Bilibili reported Q2 2026 earnings with net profit surging 55% year-over-year, reflecting strong operational performance. The company’s financial results highlight continued growth in its core businesses.

TREE NEWS update: Hugging Face, the AI model hub, is in talks to be acquired by Nvidia for $12.9B, nearly double the valuation it rejected from Nvidia nine months prior. The deal underscores the strategic importance of model distribution and open-source AI, especially amid rising geopolitical tensions around AI models. The company’s founder emphasizes long-term community responsibility, but the acquisition raises questions about the platform’s neutrality.

TREE NEWS update: B.AI has officially integrated Qwen3.8-Flash, making its API fully free for all users. This move aims to enhance accessibility to advanced AI models on the platform.

TREE NEWS update: Bitcoin ETFs have seen $2.8 billion in inflows over an eight-day streak as Bitcoin tests the $80,000 mark. August is on pace to be the strongest month for inflows since October 2025, according to an analyst.

TREE NEWS reports: Glassnode indicates that Bitcoin’s price is encountering significant resistance around $83K due to converging trend lines and liquidity structures. This suggests a true demand test as the market consolidates, with upside potential limited by thick liquidity.

TREE NEWS reports: NVIDIA reported stellar Q2 FY2027 results with revenue of $96.2B, up 106% YoY, and data center revenue of $89B, both beating expectations. The company highlighted the accelerating AI supercycle, with Vera Rubin entering full production and a record $4.8B in equity investments during the quarter. However, shares dipped as investors weighed risks from customer concentration, rising debt issuance, and margin guidance.

TREE NEWS reports: The SEC has sent a new proposal to the White House to revise adviser custody rules for crypto, marking a deregulatory shift from its 2023 attempt that would have restricted client crypto to qualified custodians. This move revives a contentious issue the SEC previously lost.

TREE NEWS reports: StarkWare executed the first quantum-safe Bitcoin transaction on mainnet, moving 10,000 satoshis in block 964,199. The transaction demonstrates that Bitcoin holders can protect funds from quantum threats without protocol changes, albeit at a cost of several hundred dollars.

TREE NEWS update: Core Lightning maintainers have warned node operators of several vulnerabilities and advised disabling payment routing by running nodes offline until a fix is released. The vulnerability details remain under embargo for two weeks, with an upgrade not yet published.

TREE NEWS reports: Moonwell, a lending protocol on Base, was exploited, resulting in losses exceeding $4 million in cbBTC. The attack targeted the protocol’s cbBTC market, raising concerns about security in DeFi.

TREE NEWS update: Citi has raised its price target for Nvidia to $315, citing strong demand for AI chips. The move reflects optimism about Nvidia’s growth prospects in the AI sector.

TREE NEWS reports: TermMax, a fixed-rate lending protocol, has received a strategic investment from YZi Labs. The funding aims to support the protocol’s development and expansion in the DeFi sector.

TREE NEWS update: The Sandbox announced it will use treasury funds to compensate legitimate holders affected by the exploit at a 1:1 ratio. This move aims to restore user trust and stabilize the ecosystem following the security incident.

TREE NEWS reports: Strategy’s Bitcoin holdings have seen unrealized profits surge to $4 billion, reflecting the recent rally in BTC prices. This marks a significant gain for the company’s crypto treasury strategy.