Flash News

TREE NEWS update: The US Department of Justice has cited the Bitcoin Fog precedent in opposing Roman Storm’s request for an acquittal. Separately, Russia registered its first cryptocurrency exchanges and custodians, with Sberbank planning to launch products on December 1. A US Senate investigation also pointed to USDT as a key liquidity channel for Iran’s shadow banking system, raising sanctions risk for Gulf VASPs.

TREE NEWS reports: Bitcoin fell below $84,000, triggering $550 million in liquidations of long positions. The drop marks a sharp move lower for the largest cryptocurrency, with leveraged bullish bets hit hardest. The liquidation figure covers longs.

TREE NEWS reports: NEAR co-founder Illia Polosukhin said users no longer need centralized exchanges for “a lot” of crypto activity, pointing to expanding onchain tools. He argued the need for centralized trading venues is shrinking as onchain infrastructure matures.

TREE NEWS update: Multichain DEX Jumper said its JUMP token sale drew about $48.61 million in commitments from 9,690 participants, more than 24 times its initial $2 million target, with $3 million ultimately accepted. Community wallets received $1.64 million, roughly 55% of the total allocation, weighted by Jumper Loyalty Pass tier and rank. Strategic contributors are the second-largest category, and 5% goes to Republic participants.

TREE NEWS reports: Hyperliquid’s HIP-4 prediction market has recorded $317 million in cumulative volume since launching May 2, 2026, roughly 1,400 times smaller than Kalshi’s $59.3 billion September volume. Only three external venues have staked the required 500,000 HYPE to list markets, and HIP-4’s average September volume equalled about 70 cents per $1,000 traded on Kalshi and Polymarket. Total protocol fees run about $1,300 a day.

TREE NEWS update: Europol on Wednesday published two reports urging organizations, policymakers and the crypto industry to prepare now for quantum computing threats. Its European Cybercrime Centre said crypto wallet keys are the main exposure point, warning that exposed public keys can be used to derive private keys and move assets without authorization. Glassnode estimated in May that 6.04 million bitcoin, 30.2% of issued supply, has exposed public keys.

TREE NEWS reports: Europol has flagged crypto wallets as the “primary risk” from quantum computing attacks, saying it expects blockchains to adapt to the threat. A second report cited by the EU police agency also weighs the risk of encrypted data stolen now and cracked later. No timeline or specific blockchains were named.

TREE NEWS update: Gate founder and CEO Dr. Han announced the launch of Gate Money, a one-stop platform combining fiat, digital assets, stocks, payments and asset management, in a keynote titled “One Gate, Everything Money” on the TOKEN2049 main stage in Singapore on October 7. Users can activate the service by updating the Gate App to version v8.39.0. Dr. Han said the platform lets users manage assets and spend them, including stocks, without selling first.

TREE NEWS update: World Liberty Financial said at Token2049 Singapore that it plans to connect its USD1 stablecoin to large online businesses, partnering with payments infrastructure provider Mesh. Mesh co-founder and CEO Bam Azizi said USD1 holders will be able to use the stablecoin across its merchant network, with a launch planned this quarter. USD1, issued by BitGo and backed by cash and US government money market funds, has a market value of about $4.45 billion.

TREE NEWS update: World Liberty Financial outlined plans to bring its USD1 stablecoin to major online platforms, with Mesh announcing a payments partnership scheduled to roll out this quarter. The Trump-backed firm said the tie-up is aimed at enabling USD1 payments for online businesses. No further terms or platform names were disclosed.

TREE NEWS reports: Hyperliquid co-founder and CEO Jeff Yan said at Token2049 Singapore that Wall Street’s traditional wealth-creation model is unsustainable for most participants, since assets such as company stocks usually open to the public only after listing, leaving retail investors out of pre-IPO gains. Yan said Hyperliquid’s main goal is broadening wealth-creation opportunities and financial participation, with revenue a byproduct rather than an optimization target. Hyperliquid generated $72 million in revenue over the past 30 days, ranking third among DeFi protocols.

TREE NEWS reports: Hyperliquid’s CEO said Wall Street’s early wealth-creation opportunities remain inaccessible to most retail participants, calling the model unsustainable for the majority. He said the platform’s perpetual contracts are intended to democratize access to those markets. The comments were made in a statement published by the CEO.

TREE NEWS update: Gate founder and CEO Dr. Han announced the launch of Gate Money during a keynote at TOKEN2049 on October 7. The unified finance app links digital assets, fiat, stocks, ETFs, gold, bank accounts, payments and asset management in one account, covering holding, receiving, transfers, payments, conversion and yield. Users can access it by updating the Gate App to v8.39.0; USDT and other balances can earn up to 3.6% with no lock-up.

TREE NEWS update: Coinbase has completed its integration of Deribit and says the combined Coinbase Global Exchange will add options, spot margin and unified portfolios in the coming weeks. The exchange also said Coinbase Pro will return by the end of the year. No financial terms or additional timeline details were given.

TREE NEWS reports: Wallets linked to the U.S. government moved 833.599 BTC to Coinbase Prime and 40,285 BNB to a fresh wallet on Tuesday, totaling about $103 million in seized assets. Onchain Lens flagged the transfers, which place the bitcoin at a U.S. exchange prime brokerage account and send the BNB to an unlabeled address.

TREE NEWS update: Robinhood has put $25 million of bitcoin on its balance sheet, senior vice president Johann Kerbrat said. Kerbrat said the purchase is meant to align the brokerage with the crypto community and is small relative to the company’s size.