Flash News

TREE NEWS reports: Wealthy investors are buying crypto assets at a faster pace than financial advisors recommend, creating a gap between client demand and advisor conviction. OKX has attracted new funds, and Strategy has directed more capital toward buying back preferred shares.

TREE NEWS update: Wealthy investors are buying crypto assets faster than financial advisors recommend, creating a gap between client demand and advisor conviction. OKX attracted new funds, and Strategy allocated more capital to preferred stock purchases.

TREE NEWS reports: High-net-worth individuals are buying crypto assets faster than financial advisors recommend, creating a gap between client demand and advisor conviction. OKX has attracted new funds, and Strategy has deployed more capital into preferred stock purchases.

TREE NEWS reports: A user who bought 80 BTC at an average price of about $65,000 four months ago, a position once up $1.38 million, has lost all of it after purchasing a Ledger device from reseller CryptoBillis about a week ago and depositing the full 80 BTC into it. On-chain data shows the BTC was deposited on Sept. 29 and moved on Oct. 9 to an address previously flagged by analysts as a theft address.

TREE NEWS update: Tether has blacklisted four of THORChain’s six USDT vaults on the TRON blockchain, freezing roughly 1.45 million USDT. The four vaults, holding 93% of THORChain’s TRON assets, were blacklisted in a single block at TRON block 86958330. THORChain was not hacked, but TRON swaps on the protocol have been paused; Barraford said there was no prior communication from Tether and the team is reaching out, calling the move unprecedented.

TREE NEWS reports: Ledger has asked reseller CryptoBilis to pause sales and urged recent buyers not to set up their devices, after an onchain investigator tracked more than $86 million in suspected thefts. The hardware wallet maker is probing the potential theft of $87 million in user funds tied to the reseller. No further details were disclosed.

TREE NEWS reports: Crypto futures liquidations across exchanges totaled $609 million over the past 24 hours, with long positions accounting for $431 million and shorts $178 million, CoinGlass data shows. Bitcoin liquidations reached $171 million and Ether $188 million. The largest single liquidation, worth $19.98 million, occurred on a HYPERLIQUID-ETH-USD contract.

TREE NEWS reports: Tether has frozen USDT linked to thefts affecting Ledger users, with reported losses near $90 million, MistTrack said. Ledger has asked reseller CryptoBilis to halt device sales and shipments. The freeze targets stablecoin funds tied to the incidents.

TREE NEWS update: Tether removed four Tron addresses from its USDT blacklist at 15:30 UTC, three hours after freezing them, with balances intact, and THORChain has restarted Tron trading, deposits and signing. The 19 other wallets frozen in the same sweep remain blacklisted.

TREE NEWS reports: Bitcoin and the wider crypto market consolidated near $82.5K on Friday, attempting a recovery from Thursday’s drop as concerns spread over another hardware wallet exploit involving Ledger. The theft reports renewed scrutiny of hardware wallet security, a sector that holds private keys for millions of crypto users. No confirmed loss figure or official company statement was immediately available.

TREE NEWS update: Tether has frozen a large amount of USDT at addresses linked to the theft of Ledger users’ funds, SlowMist’s MistTrack said on October 9. Tracked losses from the incident now approach $90 million, and some affected users have contacted the team for help. Ledger said it is investigating the theft of user funds tied to Southeast Asian distributor CryptoBillis.

TREE NEWS update: GMGN has opened registration for the first season of its Global Trading Tournament, with qualifiers running online from October 17 to 27 (UTC). Traders compete with no more than $2,000 of their own capital across a Solana wallet and an EVM wallet, ranked by realized P&L on a live on-chain leaderboard. Six traders advance to a London final, and the overall champion wins a limited-edition Aston Martin Vantage (GMGN #001).

TREE NEWS update: US Senator Cynthia Lummis said Democrats, who had previously demanded that chief compliance officers be barred from holding conflicting roles at affiliated crypto entities, now say the provision is not needed. The restriction had been written into the CLARITY Act. Lummis made the statement in a post on X on October 9.

TREE NEWS update: Ledger said it is investigating reports of fund losses among users in Southeast Asia who bought its products from reseller CryptoBilis. Estimated losses from the wallet drains could exceed $86 million. The hardware wallet maker has not yet confirmed the cause or the final tally.

TREE NEWS update: US Treasury Secretary Scott Bessent said the United States is targeting roughly $1 billion in crypto linked to Iran, adding “we know where it is.” The seizure plan follows months of US sanctions and asset freezes aimed at Iranian holdings. No timeline or specific assets were disclosed.

TREE NEWS update: BOE and OnePlus jointly launched the fourth-generation Oriental Screen, the industry’s first display to achieve a global ultra-high 165Hz refresh rate through full-link hardware, with 185Hz in specific scenarios such as esports. The screen will debut on the upcoming OnePlus 16 flagship phone. It marks the fourth consecutive year of collaboration between BOE and OnePlus.

TREE NEWS update: Alex Mashinsky has accepted a lifetime ban from the crypto industry and up to $35 million in conditional payments under a New York settlement. The payments are tied to federal forfeiture and prison-sentence conditions, adding to existing FTC and CFTC restrictions on the Celsius founder.

TREE NEWS update: New York Attorney General Letitia James secured up to $35 million from former Celsius CEO Alex Mashinsky, along with a permanent ban from the securities and crypto industries. The settlement follows the state’s case against Mashinsky over his role at the bankrupt crypto lender.

TREE NEWS update: Dragonfly partner Qureshi pushed back against the pessimism he calls “banker mode” regarding the possibility of AI models breaking cryptographic signatures, arguing that moving assets elsewhere is not a real solution. Instead, he called on blockchain to take proactive measures.