Flash News

TREE NEWS update: US prosecutors have cited the Bitcoin Fog ruling in opposing Tornado Cash co-founder Roman Storm’s challenge to the venue of his criminal case. Storm responded on Twitter, pointing out that FinCEN withdrew a proposed rule on crypto mixers over concerns it could chill legitimate activity. The dispute centers on where the case should be heard.

TREE NEWS reports: BingX strategy chief Kevin Lee said wealthy investors are taking a longer-term approach to Bitcoin, describing them as having stronger ‘diamond hands’ than other holders. Lee added that family-office crypto exposure remains limited despite the longer holding horizon.

TREE NEWS update: Jito’s JTX unit plans to launch a mobile app this fall and add an equities feature and perpetual futures later this winter, expanding beyond spot trading on Solana. The roadmap extends the Jito-linked venue’s product line into new asset classes and derivatives on the Solana network.

TREE NEWS reports: Bitcoin fell 2.3% in two hours to drop below $84,000, triggering roughly $550 million in crypto liquidations. The move came amid suspicion over the appearance of leveraged BTC short positions on Hyperliquid. The decline marks a sharp intraday drawdown for the largest cryptocurrency.

TREE NEWS reports: US spot Bitcoin ETFs took in $119 million in net inflows on Tuesday, snapping a run of outflows even as prices fell. Ether funds extended their losing streak to six straight sessions, with total outflows reaching $408 million. The divergence leaves Bitcoin products back in positive territory while Ether vehicles remain under sustained redemption pressure.

TREE NEWS update: Ledger unveiled a Crypto Loan feature at TOKEN2049 Singapore that lets users borrow stablecoins against wrapped Bitcoin, powered by Morpho. Private keys and final transaction approval stay on the user’s hardware device, so holders can access liquidity without selling their BTC.

TREE NEWS update: Tom Lee said BitMine will stop accumulating Ether once its holdings reach 5% of the token’s total supply, turning the company’s previously stated accumulation target into a hard ceiling. The 5% cap marks the upper limit of BitMine’s ETH buying strategy as it approaches that level.

TREE NEWS update: Russia’s central bank has registered its first licensed crypto trading operators and digital asset custodians under rules effective September 1, including Sberbank, the country’s largest bank. The initial list comprises four trading operators and five custodians, with VTB appearing on both. Sberbank said it has applied for custody status and plans to launch its first crypto products on December 1, initially supporting bitcoin, ether and USDT via SberBank Online, SberInvestments and SberBusiness.

TREE NEWS reports: Hyperliquid Policy Center CEO Jake Chervinsky said every single exchange will have to adopt public blockchain infrastructure to compete, arguing that beyond regulated perpetuals, onchain markets need to enter the U.S. regulatory perimeter. He expects that step to happen soon.

TREE NEWS update: Dunamu, the parent of South Korean crypto exchange Upbit, has pushed back its full share swap with NAVER Financial from December 31 this year to March 31, 2027, with an extraordinary shareholders’ meeting also moved from November 19 to February 26. The swap ratio stays unchanged at 2.5422618 NAVER Financial shares per Dunamu share. After completion, NAVER Financial will become Dunamu’s wholly owned parent, with Dunamu its wholly owned subsidiary.

TREE NEWS update: Binance Wallet will open claiming and trading for a Binance Alpha airdrop at 17:00 today, October 7. Users holding at least 246 Binance Alpha points can claim tokens on a first-come, first-served basis until the airdrop pool is fully distributed or the campaign expires. Further details will be announced soon.

TREE NEWS reports: The total number of stablecoin holders worldwide has surpassed 300 million. BNB Chain added nearly 13 million stablecoin holders in the third quarter, the largest increase among major public blockchains, while Celo, TRON and Solana each added more than roughly 2 million. As of the end of September, BNB Chain had become the public blockchain with the most stablecoin holders.

TREE NEWS update: Russia registered its first crypto exchanges and custodians, with Sberbank among the approved entities. The country’s largest bank plans to launch crypto products on Dec. 1. The registrations mark the first such authorizations under Russia’s new crypto law.

TREE NEWS reports: Two wallet addresses, possibly belonging to the same whale or institution, withdrew a combined 110 million Lobster tokens worth about $7.01 million from exchanges KuCoin and Gate on October 7. The withdrawal represents 11% of the token’s total supply.

TREE NEWS reports: CryptoQuant analyst Darkfost said the share of Bitcoin supply in profit has held around 60% since August once coins unmoved for more than 10 years are excluded. The analyst said much of that long-dormant supply is deeply profitable, illiquid and likely lost, so excluding it gives a truer picture of the market. The level is far from overheated, making consolidation around it reasonable, with supply-demand deciding whether holders take profit or exit at limited losses.

TREE NEWS update: US prosecutors argue a recent Bitcoin Fog appeals court ruling backs their position that Tornado Cash activity in Manhattan was sufficient to establish venue for parts of Roman Storm’s case in New York. The Justice Department raised the precedent in a potential blow to the Tornado Cash developer’s acquittal bid.

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TREE NEWS update: Robinhood has purchased $25 million worth of bitcoin for its corporate balance sheet, SVP Johann Kerbrat said, describing the move as a signal of the company’s commitment to the crypto sector. The purchase deepens the brokerage’s push into digital assets.

TREE NEWS reports: A whale moved its entire 1.148 million TRUMP position to a new wallet after accumulating the tokens from Gate and OKX a year ago at a cost of about $11.55 million. At the current TRUMP price of roughly $1.885, the holdings are now worth about $2.16 million, an unrealized loss of $9.39 million, or 81.3%, on-chain monitor OnchainLens said.

TREE NEWS reports: Bitcoin fell from $85,500 to $83,900 early on October 7 before recovering slightly to $84,100, CryptoQuant analyst Axel Adler Jr. said, with aggressive sell orders dominating and long positions forcibly liquidated. The taker buy/sell pressure oscillator dropped to -4.9 before rebounding to -3.1, while the liquidation pressure oscillator fell from -11 to -78, reflecting dominant long liquidations. Sustained trading below $83,900 with both gauges deeply negative could signal more persistent selling pressure.