Flash News

TREE NEWS update: Greece is preparing legislation to impose a 10% tax on cryptocurrency capital gains, with the draft bill now in public consultation and expected to reach parliament in November. Individuals would be exempt on the first €500 (about $559.95) of annual crypto gains. Officials said the size of Greece’s crypto market is hard to estimate because most investors use offshore platforms, and no revenue forecast has been made.

TREE NEWS reports: Federal Reserve minutes from the Sept. 15-16 FOMC meeting, released Oct. 8, show a unanimous 12-0 vote to raise the fed funds target range by 25 basis points to 3.75%-4.00%, with most participants judging a further increase before year-end may be appropriate. Bitcoin spot ETFs drew about $2.65 billion in net inflows in September, nearly all after the Sept. 16 hike, led by BlackRock’s IBIT.

TREE NEWS update: Alexander Sisemore, founder of Kishu Inu, faces three counts of wire fraud over an alleged $9 million rug pull, prosecutors said. He is accused of secretly selling tokens allocated to him at the project’s launch while making false statements to investors. The FBI is seeking out Kishu Inu investors.

TREE NEWS reports: Bitcoin’s total demand has returned to positive territory at more than 14,000 BTC, CryptoQuant analyst Darkfost said on October 8, citing improved spot demand. Spot demand now stands at -17,000 BTC, still negative but far above the -207,000 BTC low seen on September 20. Futures demand has held relatively steady at an average of 32,000 BTC. Darkfost called demand emerging alongside falling prices a positive signal.

TREE NEWS update: Former New York Governor Andrew Cuomo said the crypto industry’s heavy backing of Republicans has alienated Democrats and could block federal crypto legislation. Speaking at Token2049, he said the industry believes investing heavily in the GOP is the way to pass the CLARITY Act, but that passing the bill requires both parties and a more balanced approach.

TREE NEWS reports: Bitbase chief business officer Nicholas Lo said at an HSC Asset Management Singapore roundtable on digital economy infrastructure that 39% of crypto users and potential users already earn income in stablecoins, but only 27% of stablecoin holders use them for everyday payments. Lo, who appeared alongside representatives of Tether and Galaxy Digital, argued that the missing piece is consumer spending, not users.

TREE NEWS reports: Trader 0xdd6a holds 20x leveraged short positions on BTC, ETH, SOL, XRP and DOGE on Aster, all currently in profit. The total position size is $26.5 million with unrealized gains of $586,000. The largest winner is a 48.37 million DOGE short worth $4.24 million, up $224,000, followed by ETH, SOL, XRP and BTC.

TREE NEWS reports: O-Film is the core optical supplier for Huawei’s Pura 90 Pro and Pura 90 Pro Max flagships, exclusively providing the main camera and 200-megapixel periscope telephoto modules for both models. The company also supplies the phones’ external long-focus imaging system, for which it invested in dedicated equipment and re-ran testing and process validation. Internal data show strong module yields.

TREE NEWS update: Cointelegraph said on October 8 that a CoinDesk report claiming the crypto media outlet is for sale is based on false information and contains multiple factual errors, stating flatly that it “will not be sold.” The company said it welcomes outside scrutiny but will not stay silent when speculation is presented as fact, and demanded the outlet correct the story, explicitly acknowledge the error, and give the correction the same prominence as the original report.

TREE NEWS reports: A single whale holds a 98,089 ETH long position worth $252.3 million that will be liquidated if the price falls to $2,446.48 and $2,424.47, on-chain tracker Lookonchain said on October 8. The position is the latest large leveraged bet exposed to a further drop in ether’s price.

TREE NEWS update: Litecoin mining pool founder Jiang Zhuoer said on October 8 that he has bought back 75% of his BTC position at $82,789, after previously selling at $86,789 and $84,460. He said his trades in recent months used no leverage, accumulating a 35.1% gain in coin terms and 98.6% in USDT terms.

TREE NEWS reports: Ethereum spot ETFs recorded a net outflow of $161 million on October 7, marking a seventh consecutive day of net redemptions. BlackRock’s ETHA led the exits with $116 million in single-day net outflow, though its cumulative net inflow still stands at $12.92 billion. Grayscale’s ETHE followed with $25.77 million in net outflow, bringing its all-time net outflow to $5.467 billion.

TREE NEWS reports: US spot bitcoin ETFs recorded a combined $487 million in net outflows on October 7. BlackRock’s IBIT saw the largest single-day outflow at $208 million, though its cumulative net inflows remain at $65.717 billion. Fidelity’s FBTC followed with $105 million in net outflows, with total historical net inflows of $10.716 billion.

TREE NEWS update: Former New York Governor Andrew Cuomo said the crypto industry’s heavy backing of Republicans has alienated Democrats and urged the sector to balance its political support across both parties if it wants federal crypto legislation passed. Cuomo’s remarks frame the industry’s Washington strategy as a bipartisan problem, not a partisan one.

TREE NEWS update: Ethereum co-founder Vitalik Buterin warned the crypto industry against rushing wallet migrations, saying risks to cryptography from AI-accelerated mathematics should be taken seriously. In a message titled “Don’t rush anything,” he cautioned that hasty moves carry their own dangers as growing AI capabilities threaten current cryptographic standards.

TREE NEWS reports: Canton CEO Yuval Rooz said blockchain must cement widespread adoption to withstand potential reversals in US policy, comparing the technology’s trajectory to Uber and Airbnb. Rooz argued that deep, everyday use — not regulatory favor — is what would insulate the industry from shifting political winds. He did not announce new products, partnerships or figures.

TREE NEWS update: Ethereum Foundation researcher Justin Drake called on the crypto industry to plan a gradual move of assets to addresses that have never signed a transaction, warning that AI-driven math advances could break ECDSA before quantum computers mature. Vitalik Buterin endorsed holding funds in fresh addresses but advised against rushed migration, and said lattice-based schemes such as ML-DSA and FHE may also face AI-discovered shortcuts.

TREE NEWS reports: A wallet identified as linked to Hyperliquid Labs distributed $330 million worth of HYPE tokens through five intermediary addresses into a single wallet, which then returned 1.25 million HYPE to staking. The transfers were routed via the intermediary addresses before consolidating in the receiving wallet.

TREE NEWS reports: A survival analysis of 150 Solana-era meme coins in Talos market data found the median time from first trade to all-time high is just 17.2 days, with a quarter topping out in 1.6 days. After peaking, the median coin takes 370 days to fall 95% from its high, and only 5 of 151 tokens now trade above their first-day price.

TREE NEWS update: Samsung will launch USDC transfers on the Solana network for US users of its Galaxy devices, the South Korean tech giant said. The feature is built into Samsung Wallet with fiat on- and off-ramps, rather than offered through a separate crypto app.