Flash News

TREE NEWS reports: A recent report reveals that approximately 67 million Americans hold cryptocurrencies, with California having the highest number of holders. The data underscores the widespread adoption of digital assets across the United States.

TREE NEWS update: Tencent’s Hunyuan team reported a surge in calls for its Hy4 preview model, prompting an urgent capacity expansion for WorkBuddy. The move aims to handle increased demand and ensure service stability.

TREE NEWS update: In the past 24 hours, the crypto market saw total liquidations of $399 million, with long positions accounting for $276 million and shorts $123 million. This indicates significant market volatility and leveraged positions being wiped out.

TREE NEWS reports: Ahead of the non-farm payroll data release, market pricing now shows a probability exceeding 50% that the Federal Reserve will raise interest rates twice this year. This shift reflects growing concerns over persistent inflation and a resilient labor market.

TREE NEWS update: A single address purchased 5.24 million tokens for $1.9 million, according to on-chain data. The specific token and buyer remain unidentified.

TREE NEWS reports: The USDC Treasury has minted an additional 250 million USDC on the Solana blockchain, increasing the stablecoin’s supply on the network. This move reflects ongoing demand for USDC within the Solana ecosystem, particularly for DeFi and trading activities.

TREE NEWS reports: Sony Music and Warner Music have filed a lawsuit against AI company Anthropic, alleging that it used copyrighted music to train its Claude model without permission. The case highlights the growing tension between the music industry and AI developers over intellectual property.

TREE NEWS update: The largest holder of privacy coin Monero (XMR) has accumulated over $3.15 million in profits from a single long position. This highlights continued speculative interest in privacy-focused cryptocurrencies despite regulatory scrutiny.

TREE NEWS update: SK Hynix is evaluating Intel as a potential supplier for base chips in next-generation HBM products. This move aims to diversify its supply chain and enhance competitiveness in the high-bandwidth memory market.

TREE NEWS reports: Bitcoin has surged over 30% in August, yet trading volume remains close to three-year lows. This divergence suggests the rally may be driven by spot buying rather than speculative activity, according to analysts.

TREE NEWS update: A whale has moved more than $100 million worth of Ethereum to exchanges within two days, according to data. This large transfer could signal potential selling pressure or repositioning by a major holder.

TREE NEWS reports: SemiAnalysis reports that Samsung currently possesses the best HBM4 technology, giving it a competitive edge. SK Hynix and Micron are now facing significant challenges in the high-bandwidth memory market.

TREE NEWS reports: Apple will complete its CEO transition on September 1, with John Ternus replacing Tim Cook. The move marks a significant leadership change for the tech giant, though details on the transition plan have not been fully disclosed.

TREE NEWS update: Robinhood Chain’s application revenue reached $1.84 million in the past 24 hours, surpassing Ethereum and rising to second place across all chains. This marks a significant milestone for the chain’s on-chain activity and adoption.

TREE NEWS reports: Market maker Wintermute moved 5,100 Bitcoin (worth $399 million) to Binance over the past two days, according to on-chain data. The transfer could signal an intention to sell or provide liquidity on the exchange, potentially impacting BTC’s price.

TREE NEWS update: Machibig Brother, a prominent crypto trader, incurred a $1.5 million loss after a leveraged position was stopped out. Despite this, he still holds a long position in ETH worth approximately $100 million.

TREE NEWS update: OpenAI has purchased tens of thousands of Mac computers to enhance its reinforcement learning research. The move underscores the growing demand for computational resources in advanced AI development.

TREE NEWS reports: NVIDIA CEO Jensen Huang said AI is driving manufacturing back to the US, citing $400 billion in investments into AI startups in the past six months. He emphasized AI’s role in reshaping American industry and boosting economic growth.