Flash News

TREE NEWS reports: Hyperliquid’s largest long position holder holds $320 million in long positions across 10 addresses, with an unrealized gain of $8.77 million. The positions comprise 1,400 BTC and 82,000 ETH, with BTC opened at an average of $75,967 and ETH at $2,493. The trader has booked $117 million in cumulative profit this year from multiple long rounds.

TREE NEWS reports: Crypto majors are sliding, souring the seasonal ‘Uptober’ rally as traders weigh whether the move marks the start of a deeper selloff with the anniversary of the 10/10 event approaching, or just a leverage flush before the next leg up. No specific price levels or asset names were given.

TREE NEWS update: Thailand’s Securities and Exchange Commission has issued rules permitting crypto ETFs limited to bitcoin and ether, with the framework taking effect Oct. 16. The rules cover custody, exposure and trading requirements for the new products. Only bitcoin and ether qualify under the initial scope set by the regulator.

TREE NEWS update: The UK has sanctioned three crypto exchanges and payment processors, citing links to thousands of Russian entities and the sanctioned HTX exchange. The designations target firms accused of facilitating illicit Russian funds. The action follows the UK’s broader sanctions push against crypto channels used to evade restrictions.

TREE NEWS update: Meanwhile, a bitcoin life insurer backed by Sam Altman, has raised $37.5 million in a round led by Bain Capital Crypto, with participation from existing investors. The raise brings the company’s total funding to more than $180 million.

TREE NEWS update: The XRP Ledger’s PermissionDelegationV1_1 amendment went live on Oct. 8, enabling account delegation on the network. Official guidance says users should not delegate one permission until a separate token-minting fix activates, which is currently two validator votes short of approval.

TREE NEWS update: Senate subcommittee ranking member Richard Blumenthal sent Cantor Fitzgerald Chairman Brandon Lutnick 13 requests for records concerning the firm’s Tether stake and custody role, with responses due October 23. The demands center on the brokerage’s financial ties to the stablecoin issuer.

TREE NEWS update: Pyth DAO has approved a “100% Rule” that directs the protocol’s share of product revenue into PYTH buybacks, replacing monthly votes with a single standing authorization. The change follows a decline in monthly purchases from about 2.75 million PYTH in March to 669,662 in August.

TREE NEWS reports: The U.S. government transferred 12,267 BTC, worth about $1 billion, out of a wallet holding coins seized from the 2016 Bitfinex hack on Thursday. The bitcoin went to unlabeled wallets, and no exchange deposit was recorded. The coins stem from the 2016 Bitfinex breach, which the U.S. later seized and has been liquidating.

TREE NEWS update: The European Securities and Markets Authority has issued an opinion telling national regulators that crypto platforms must wind down all services tied to stablecoins not authorized under MiCA, with a three-month limit for clearing existing exposure. The guidance covers every crypto service linked to unauthorized stablecoins and gives firms a deadline to unwind outstanding positions.

TREE NEWS update: France’s Finance Committee approved taxes on stablecoin swaps as part of the country’s 2027 budget bill. The committee also backed taxing unrealized crypto gains when households holding more than 800,000 euros move abroad. The measures now advance in the legislative process for the 2027 budget.

TREE NEWS update: WEEX served as a platinum sponsor at TOKEN2049 Singapore 2026, held October 7-8 at Marina Bay Sands, where it demonstrated AI trading tools and ran a live link to its Dubai team’s planned Trading House. The exchange says it now serves over 10 million users across 170+ countries, offering 2,700+ tradable markets spanning crypto spot and derivatives plus 400+ TradFi products including stocks, ETFs, gold and crude oil.

TREE NEWS update: The NFL filed a brief backing New Jersey arguing that Kalshi’s sports prediction contracts are gambling rather than swaps under Dodd-Frank, and asked the Supreme Court to resolve a split among three federal appeals courts over the products. The league’s filing adds the NFL to the litigation over whether event contracts tied to sports outcomes fall under federal derivatives regulation.

TREE NEWS reports: Bitcoin fell below $81,000, triggering $1.1 billion in crypto liquidations as speculators moved roughly 55,000 BTC to exchanges at a loss. The inflows mark a capitulation-style transfer of coins from traders to trading venues during the selloff. The drop and resulting liquidations hit leveraged positions across the market.

TREE NEWS reports: Standard Chartered has begun publishing research on Ethena, forecasting that USDe supply will grow roughly eightfold from about $5 billion today to $40 billion by the end of 2028. The bank set ENA price targets of $0.42 by year-end, $1.10 in 2027 and $2 by end-2028. Ethena’s fee switch, which triggers buybacks of ENA once USDe supply tops $7.5 billion, has not yet activated.

TREE NEWS reports: Trader AguilaTrades saw a portion of his Bitcoin short liquidated after first closing a BTC long at a $331,000 loss, on-chain tracker Lookonchain reported on October 9. He then flipped short, opening a 200 BTC position at 40x leverage worth about $16.35 million. The latest screenshot shows 40 BTC liquidated at roughly $82,706.8, a position worth about $3.31 million.

TREE NEWS update: Raheim Hamilton, co-founder of the darknet drug marketplace Empire Market, was sentenced to 40 years in prison and fined $5 million by a US federal court, forfeiting 1,230 BTC worth about $101 million. The platform processed over 4 million drug transactions between 2018 and 2020, totaling more than $430 million. Co-founder Thomas Pavey has pleaded guilty and forfeited 1,584 BTC.

TREE NEWS update: The China Academy of Information and Communications Technology has launched trial operations of its Agent Identifier and Identity Network and opened it to public access. The network, built on trusted agent interconnection centers in Beijing and Xiamen, offers agents identifier registration, identity verification, addressing resolution, capability discovery and collaborative verification, enabling trusted access and cross-domain collaboration for agents from different platforms and operators.