Flash News

TREE NEWS update: Hyperliquid’s policy arm has formally submitted a letter to the CFTC, advocating for perpetual futures to become a key focus of US derivatives innovation. The move signals a push for regulatory clarity and growth in the crypto derivatives sector.

TREE NEWS reports: The Bank of England has been handed a new legal duty to support stablecoin innovation, as part of a bill due before the House of Lords in September, while maintaining financial stability as its primary objective. This move signals the UK’s intent to become a hub for digital asset innovation.

TREE NEWS reports: The SEC has sent a new proposal to the White House to revise adviser custody rules for crypto, marking a deregulatory shift from its 2023 attempt that would have restricted client crypto to qualified custodians. This move revives a contentious issue the SEC previously lost.

TREE NEWS update: South Korean crypto exchange Bithumb won first-instance rulings in two lawsuits seeking proceeds from users who sold Bitcoin mistakenly credited during a $40 billion error. The court decisions favor the exchange in recovering funds from the erroneous credits.

TREE NEWS update: US authorities are investigating Singapore-based Apex Logistics for allegedly smuggling Nvidia AI chips, potentially violating export controls. The probe highlights growing scrutiny of supply chains for advanced semiconductors amid US-China tech tensions.

TREE NEWS reports: Bithumb has won a first-instance court ruling in a lawsuit over mistakenly sent Bitcoin. The decision marks a legal precedent for exchange liability in such cases.

TREE NEWS reports: South Korean crypto exchange Bithumb won the first lawsuit in its recovery of mistakenly sent bitcoins, with a court ordering a user to return about 194 million won ($145,000). The incident occurred in February when Bithumb erroneously distributed 620,000 BTC (worth ~$5B), and the exchange has recovered 99% so far. This is the first of four lawsuits against users who haven’t returned funds.

TREE NEWS update: The U.S. CFTC issued a warning about cryptocurrency ATM scams, noting that losses exceeded $388 million in 2025. The agency highlighted the growing threat to consumers and urged vigilance.

TREE NEWS update: Shanghai police have cracked a massive underground bank that used cryptocurrencies for cross-border currency exchange, involving over 20 billion yuan (~$2.8 billion). The operation highlights ongoing regulatory crackdowns on crypto-related financial crimes in China.

TREE NEWS reports: Michael Saylor advocates for ‘Bitcoin reform’ to support institutional adoption and broader custody solutions. He emphasizes the need for regulatory clarity and infrastructure to enable mainstream participation.

TREE NEWS update: FinTax, a crypto tax compliance platform, has completed a seed funding round and will enter into long-term ecosystem collaboration with YZi Labs. The partnership aims to enhance tax solutions for the crypto industry.

TREE NEWS reports: The UK government has instructed the Bank of England to enhance its efforts in digital currency and payment innovation. This move signals a proactive stance towards modernizing the financial system, potentially impacting the development of central bank digital currencies (CBDCs) and related technologies.

TREE NEWS update: A Russian influence operation reportedly used ChatGPT to create fake academic personas and a phony think tank, publishing plagiarized research to push pro-Russian narratives. The campaign aimed to lend false credibility to its propaganda by masquerading as scholarly experts.

TREE NEWS reports: The US government has transferred a portion of the Bitcoin it seized from Alameda Research three years ago. This move is part of the ongoing handling of assets from the FTX-related case, potentially signaling a future sale or redistribution.

TREE NEWS reports: Chainalysis estimates that $457 billion in potential taxable crypto activity occurred in the US, highlighting the growing tax implications of digital assets. The figure underscores the need for clearer crypto tax regulations and reporting mechanisms.