Flash News

TREE NEWS update: Samsung Wallet will add support for USDC on the Sui network in late October. Bastion and Coinbase will custody the balances, while transfers to bank accounts in more than 60 countries will carry separate fees.

TREE NEWS reports: Bitcoin traded at about $86,121 on October 5, up 2.4% over the week and 8.6% over the month but down 29.3% year on year, leaving it roughly 31.5% below its all-time high of $126,198.07 set on October 6, 2025. The price is up nearly 48% from this year’s low of $58,035 on June 25, the weakest level since September 2024.

TREE NEWS reports: Ethereum researchers, backed by Vitalik Buterin, are urging crypto users to move funds to fresh addresses in an orderly migration, warning that rapid advances in AI math could threaten private-key security sooner than quantum computers. The guidance, described as a shift to “bunker mode,” is aimed at reducing exposure of existing wallets to emerging cryptographic attacks.

TREE NEWS update: Sui said on X that Samsung Wallet has integrated Sui, bringing Sui-based USDC to 82 million Galaxy devices in the United States. The integration supports gas-free transfers, meaning USDC transactions on Sui carry no network fee.

TREE NEWS update: CFTC Chairman Mike Selig said the agency will not engage in a “race to the bottom” on leverage, telling CNBC it will apply to crypto markets the same margin models and risk controls long used to preserve integrity in derivatives markets. Selig’s remarks signal the CFTC’s approach to supervising leveraged crypto trading.

TREE NEWS update: Coinbase said spot margin trading is available only to eligible clients in certain jurisdictions, and in the US only to eligible contract participants. The lending, custody and spot execution entities vary by jurisdiction, and borrowing can amplify gains and losses, with collateral subject to liquidation without notice and losses potentially exceeding the initial deposit. The service is offered by a Coinbase affiliate and is not a CFM product.

TREE NEWS update: Biren Technology priced its H-share placement at HK$31.08 per share, raising a total of HK$4.0404 billion. The Chinese GPU maker disclosed the placement price and gross proceeds in a filing. No use of proceeds or investor list was given in the disclosure.

TREE NEWS update: Solana ecosystem projects Orca and Loopscale have completed a merger, with the combined entity aiming to provide financing support for the AI, robotics and defense sectors. No financial terms or valuation for the deal were disclosed.

TREE NEWS update: Solana decentralized exchange Orca is merging with lending protocol Loopscale, with the combined entity to be called Formation. The merged company will target financing for AI, energy, robotics and defense, the two said. Orca is one of Solana’s largest DEXes by volume, while Loopscale is a Solana-based credit and lending protocol.

TREE NEWS reports: Hunter Biden on Wednesday released a Groom Lake forensic report on the LAPTOP meme coin launch, calling for the anonymous market maker behind the issuance to buy back and burn all tokens. The report says a wallet likely controlled by “Market Maker 1” received $500,000 before launch but committed only about $5,200, roughly 1%, while all liquidity providers together supplied under 30,000 LAPTOP tokens — about 0.003% of the initial 1 billion supply. Biden said the market maker was the launch’s “biggest winner.”

TREE NEWS reports: The US cryptocurrency and crypto-linked index fell 5.05% to 69.01 points, gapping lower at the open and then trading in a narrow low range. Over the past 24 hours spot bitcoin dropped 2.65% to $83,348.19, with a short-term acceleration of losses at 09:51 Beijing time, while spot ether fell 4.68% to $2,571.064. The MarketVector Digital Asset 100 Index slipped 1.03%.

TREE NEWS update: Ethereum Foundation researcher Justin Drake urged crypto holders to calmly move their funds to unused addresses, warning that AI-driven mathematics could break cryptographic signatures before quantum computers do. Drake framed the risk as an AI threat to crypto’s signature schemes rather than a quantum one. He advised holders to migrate assets to fresh, unused addresses as a precaution.

TREE NEWS update: Circle has partnered with Tereina, a financial services firm backed by German enterprise software company SAP, to bring USDC and EURC into SAP clients’ enterprise payment flows. Businesses using SAP finance software can send and receive both stablecoins within existing applications, with USDC for dollar-denominated transactions and EURC for euro payments. The two plan to test stablecoin integration with customers over the coming months for global payments and treasury management.

TREE NEWS update: Circle is partnering with SAP-backed Tereina to let businesses send and receive its USDC and EURC stablecoins directly inside the financial software they already use. The integration puts Circle’s dollar- and euro-pegged tokens into SAP customers’ existing workflows, removing the need to move between separate payment tools to settle in stablecoins.

TREE NEWS update: Lightspark has released a dotMoney prototype that lets users send test funds by sharing a link, a .money file, or directly between nearby iPhones. Files can be sent via AirDrop or messaging apps, or stored on a USB drive, with the underlying funds moving between wallets through Spark. Each file can be claimed only once, so copying or forwarding it does not duplicate funds, and senders can cancel unclaimed payments. The prototype currently uses test funds with no monetary value.

TREE NEWS update: Grayscale’s Krista Lynch said the crypto ETF market is entering a new phase, with SEC listing standards now covering about 15 tokens and letting issuers move selectively beyond bitcoin and ether. She made the remarks as a Zcash ETF topped $1 billion.

TREE NEWS reports: Hunter Biden confirmed the LAPTOP token was not a rug pull but an act of trolling, saying “Trump’s coin was max extraction, and I wanted to troll every grift like it.” His comments came in a breakdown of the memecoin launch and its fallout. The token was launched as a deliberate stunt targeting memecoin grifters.