Flash News

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 reports: Dragonfly partner Qureshi pushed back on what he called ‘bunker mode’ doomerism over AI models breaking cryptographic signatures, arguing that migrating assets elsewhere is not a real solution. He urged blockchains to adopt proactive measures instead.

TREE NEWS reports: Dragonfly partner Qureshi has pushed back against what he calls ‘bunker mode’ pessimism about AI models potentially breaking cryptographic signatures, arguing that moving assets elsewhere is not a real solution. He calls for blockchains to adopt proactive measures instead.

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.

TREE NEWS reports: Dragonfly partner Qureshi pushed back against what he called the “banking mode” pessimism regarding AI models’ ability to break crypto signatures, arguing that moving assets elsewhere is not a real solution. Instead, he called on blockchains to take proactive measures.

TREE NEWS update: Ledger has asked CryptoBilis to stop selling its devices following reports of lost funds, and is telling buyers from the past 90 days to delay setup or move assets to a new Ledger device with a new seed. The hardware wallet maker did not disclose the amount involved or how the funds were lost.

TREE NEWS reports: Ledger users have reportedly been drained of more than $86 million across several blockchains, which followed theft addresses on Ethereum, TRON and Bitcoin. Ledger said it is investigating losses among users who bought devices from one Southeast Asia reseller.

TREE NEWS reports: French authorities recorded 90 crypto-related cases involving kidnapping, extortion, threats and violent theft over seven months, making France the world’s most dangerous country for Bitcoin holders. The figure covers incidents in which attackers targeted crypto owners for their holdings, with France standing out as a hotspot for such crimes.

TREE NEWS update: DWF Maas and Falcon Digital, affiliates of market maker DWF Labs, have sued BitGo for $141 million, alleging the custodian sold discounted Falcon Finance and ESPORTS tokens while lock-ups were still in effect. The claim centers on BitGo’s disposal of the tokens ahead of the agreed lock-up periods.

TREE NEWS reports: Bitcoin is sliding in what analysts describe as a bearish start to Uptober, with experts flagging support levels from $83,000 down to $72,000 that the largest cryptocurrency may need to test. Market watchers point to those bands as the key downside zones to watch as the sell-off extends into October.

TREE NEWS update: Yandex, Russia’s largest search engine operator, said on the 9th that part of the infrastructure at its data center in the Kaluga region was hit by a drone attack, with several modules completely disabled. Emergency crews and specialists are on site and no casualties have been reported. Some of the company’s services may experience intermittent outages while damage is assessed.

TREE NEWS update: Zakura, a Zcash full node built by Valar Group and Project Tachyon, is targeting January to add post-quantum signatures on transparent addresses. The team also says private lookups will let wallets monitor rotating transparent addresses without revealing which ones they check. The work is aimed at hardening the network’s transparent-address path against quantum threats.