TREE NEWS update: Thai businessmen have filed a lawsuit against Tether, claiming the firm unlawfully froze $42 million of their funds linked to a $61 million pig butchering scam. The plaintiffs admit involvement in the scam but argue Tether lacked authority to freeze the assets at the time. The case raises questions about stablecoin issuer’s power to freeze funds.
TREE NEWS reports: Bitcoin is sliding in September, a month historically dubbed ‘Rektember’ for its poor performance, following its best August since 2017. Traders are watching whether this September will follow historical averages or break the trend, as the cryptocurrency market faces renewed selling pressure.
TREE NEWS update: The US Department of Justice, in collaboration with CrowdStrike, has announced the disruption of the Sality botnet, a malicious network that has operated for over 20 years. This action marks a significant milestone in cybersecurity efforts against long-standing criminal infrastructure.
TREE NEWS reports: A whale trader has liquidated their entire position of 7,201 ETH, worth approximately $17.2 million. The sale was executed on-chain and may signal a shift in market sentiment for the second-largest cryptocurrency.
TREE NEWS update: Japan-listed Remixpoint has sold all its ETH, SOL, XRP and DOGE holdings, shifting to a bitcoin-only crypto strategy. The company now holds approximately 1,506 BTC, worth around $115 million.
TREE NEWS update: CrowdStrike and the U.S. Department of Justice have dismantled the Sality botnet, isolating more than 15,000 infected machines across four countries. The takedown ends an eight-year operation that stole Bitcoin and Ethereum from victims. The action marks a significant law enforcement victory against a long-running cybercrime network.
TREE NEWS reports: Bitcoin gained about 25% in August, its best month since November 2024 and strongest August since 2017, driven by Treasury buyback expansion, record short squeeze, and $3.05B ETF inflows. However, the 21Shares report highlights $81,000-$82,000 as the pivotal resistance zone separating a trend reversal from a bear-market rally. September’s focus includes support at $76,000-$78,000, ETF flow sustainability, and long-end yields.
TREE NEWS update: Kevin Warsh, Trump’s pick for Fed chair, reiterated a firm 2% inflation target at Jackson Hole on Aug 28, saying data show no meaningful improvement. Markets repriced quickly, with prediction markets now implying about 56% odds of a 25bp hike on Sep 16, up from roughly 30%. Trump voiced respect for Warsh, signaling he remains an inside ally.
TREE NEWS reports: The Royal Government of Bhutan has moved another 400 bitcoins, valued at approximately $30.62 million, according to on-chain data. This follows a series of transfers from the country’s treasury, indicating active management of its digital assets.
TREE NEWS update: Tron’s USDT supply increased by $4 billion over the past month to reach $94.27 billion, overtaking Ethereum’s USDT supply. This shift highlights Tron’s growing dominance in stablecoin transfers.
TREE NEWS reports: A trader known as Bonk Guy suggests the recent market rally is only a prelude, with the true bull market potentially beginning in Q4. He advises caution and strategic positioning in the meantime.
TREE NEWS update: Thailand has enacted the crypto Travel Rule, mandating that virtual asset businesses verify the ownership of self-hosted wallets to enhance anti-money laundering measures. The regulation aligns with FATF standards, requiring transaction information sharing for transfers over a certain threshold.
TREE NEWS reports: US military strikes on Iran pushed oil prices and Treasury yields higher, while Bitcoin fell below $76,500 amid geopolitical tensions. The move reflects risk-off sentiment in crypto markets as macro factors weigh on digital assets.
TREE NEWS update: Thailand has adopted a crypto Travel Rule requiring digital asset operators to verify control of self-custodial wallets and retain transaction data for five years. The measure aligns with FATF standards to combat money laundering and terrorism financing.
TREE NEWS update: B.AI has announced that its API key now supports calling DeepSeek models through Codex, integrating AI capabilities into its platform. This move expands B.AI’s AI services, though it remains unclear if it directly involves crypto or RWA elements.
TREE NEWS reports: Data shows that if Bitcoin breaks above $80,365, cumulative short liquidation intensity across major centralized exchanges could reach $1.933 billion. This level is seen as a key resistance point that could trigger a cascade of short squeezes.
TREE NEWS update: A whale has taken large short positions on BTC, ETH, and XYZ100, accumulating over $2.6 million in unrealized profits. The move highlights bearish sentiment among large traders amid market volatility.
TREE NEWS update: Strategy CEO Michael Saylor defended the sale of 7,000 BTC as a ‘correct trade,’ despite later repurchasing at higher prices. He emphasized the company’s ongoing commitment to accumulating bitcoin as its primary treasury reserve asset.
TREE NEWS update: Strategy CEO Michael Saylor clarified the logic behind selling Bitcoin at $60,000 and repurchasing at $80,000, emphasizing it as a capital management strategy to optimize returns. He reiterated the company’s long-term commitment to Bitcoin accumulation despite short-term trading moves.
TREE NEWS reports: Data suggests that if Ethereum (ETH) surpasses $2,486, cumulative short liquidation intensity on major centralized exchanges could reach $1.329 billion. This indicates a potential for significant short squeezes and increased volatility in the crypto market.