Flash News

TREE NEWS reports: US strikes on Iran’s Larak Island and Iran’s missile retaliation on a US base in Jordan have disrupted the Strait of Hormuz, sending Brent crude above $90.5 and WTI above $85.5. This has reignited inflation fears, raising the implied probability of a Fed rate hike in September to 57%, causing global stock markets to tumble as Treasury yields rise.

TREE NEWS reports: Ethereum’s price surged past the $2,450 mark, indicating renewed bullish momentum in the crypto market. This move reflects growing investor interest in digital assets amid broader market trends.

TREE NEWS update: China’s Ministry of Industry and Information Technology has initiated a special action to cultivate AI application service providers. The program aims to promote the development and adoption of AI technologies across various industries.

TREE NEWS reports: LG Electronics has commissioned Samsung Foundry to manufacture its AI home appliance chips, marking a rare collaboration between the two rivals. The move aims to enhance LG’s AI-powered appliance lineup with advanced chips.

TREE NEWS update: Monitoring data shows that 48.985 million USDT was transferred out of Binance. The specific destination and purpose of the transfer are unknown.

TREE NEWS update: OpenAI has introduced a new pricing model for select large customers, charging based on task completion rather than fixed subscription fees. This shift aims to better align costs with value delivered.

TREE NEWS reports: Kalshi has reportedly signed an exclusive deal with the USTA to be the official prediction market partner of the US Open, blocking rival platforms from advertising at the venue and on ESPN. The agreement was finalized days before the main draw, marking a significant mainstream sports partnership for the prediction market platform.

TREE NEWS update: Cronos, the blockchain by Crypto.com, halted its entire network after a $75 million exploit on the Tectonic lending protocol. Validators froze the chain, stranding most funds on the network, with only $6 million reaching Ethereum.

TREE NEWS update: Polymarket, the prediction market platform, experienced an outage that temporarily suspended trading functions. The issue has since been resolved, and trading has resumed. No further details were provided.

TREE NEWS reports: An attacker exploited Tectonic, a lending protocol on Cronos, by inflating its governance token’s value and borrowing against it, resulting in a $75 million loss. In response, Cronos validators froze the entire network to mitigate further damage.

TREE NEWS update: Solana validators narrowly approved SGP-0002, doubling the network’s disinflation rate, in its first network-wide governance vote. The proposal passed by a slim margin after Kraken and Galaxy switched positions in the final minutes.

TREE NEWS reports: Circle has signed a deal to become Chelsea FC’s front-of-shirt sponsor, marking the first time a crypto company holds this position in the Premier League. The sponsorship fills a slot left vacant for three years, signaling growing mainstream acceptance of digital assets in sports.

TREE NEWS reports: Bitget’s PoolX platform has launched DGrid AI, allowing users to stake XAUT to earn DGAI token airdrops. This move integrates AI-related tokens into Bitget’s staking ecosystem, offering new yield opportunities for users.

TREE NEWS update: In recent trading, BB token rose over 5% and AVNT token gained over 6%, indicating positive market momentum for these assets. The moves reflect ongoing volatility in the crypto market.

TREE NEWS update: The US government is selling Anthropic shares owned by two key allies of Sam Bankman-Fried, potentially worth billions of dollars. This move follows the conviction of SBF and aims to recover assets linked to the FTX fraud.

TREE NEWS reports: Arthur Hayes suggests the ETH/BTC ratio has bottomed and is rebounding, indicating potential capital rotation back into Ethereum. He believes this could signal renewed interest in ETH relative to BTC, possibly driven by shifting market dynamics.

TREE NEWS update: Over the past 7 days, Binance recorded a net inflow of $8.85 billion in reserve assets, while Bybit’s Bitcoin wallet balance decreased by 3.07%, indicating shifting exchange flows.

TREE NEWS reports: The movie ‘Niu Lai’ has extended its theatrical run until October 4. The extension aims to accommodate more audiences.