Flash News

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.

TREE NEWS update: TOKEN2049 announced the launch of TOKEN2049 New York, with its first edition scheduled for June 16-17, 2027. Alongside the two-day main conference, TOKEN2049 Week will span multiple events across New York City. Tickets for TOKEN2049 New York are now on sale at $599.

TREE NEWS update: Hyperliquid founder Jeff Yan said at TOKEN2049 on October 7 that options will be the platform’s next major product focus. Traders will be able to use options on the same order book to hedge spot and perpetual futures positions, he said.

TREE NEWS reports: Ethereum’s active validator count fell 2.5% over the past seven days to about 863,000, even as total staked ETH rose 0.08% to 43.74 million. The decline is tied mainly to validator consolidation after the Pectra upgrade, which raised the maximum effective balance per validator from 32 ETH to 2,048 ETH. About 507,000 ETH sits in the consolidation queue, with an estimated wait of roughly 5 days 11 hours.

TREE NEWS update: OKX founder and CEO Star said at TOKEN2049 Singapore that AI is changing finance beyond the user-facing side, reaching compliance and risk-control back-office operations. OKX already uses AI to help identify risks and support investigations into suspicious transactions and behavior, improving efficiency and consistency. AI does not make compliance or risk decisions directly; final calls remain with humans. OKX board director and former New York governor Andrew Cuomo added that clear regulation is essential for fintech firms to expand services.

TREE NEWS update: Sui has partnered with Alibaba Cloud to integrate Alibaba Cloud services into Sui Agent Payments, enabling AI agents to automatically call services within preset budgets and pay per use in stablecoins on the Sui network. The announcement was made by Sui on October 7.

TREE NEWS update: World Liberty Financial co-founder Zak Folkman said at TOKEN2049 that WLFI plans to extend its payment technology to unnamed Web2 companies with billions of users, which could be used to pay drivers, contractors and creators. Folkman gave no timeline or names for the partners.

TREE NEWS update: Ethereum co-founder Vitalik Buterin said at the OKX NOW conference in Singapore on October 6, 2026, that AI is becoming blockchain’s new user interface, with AI agents writing scripts and executing on-chain transactions directly. He predicted Ethereum transactions will be cheaper and more private within two years, and warned that security will extend to hardware, shifting “Not your keys, not your coins” toward “Not your silicon, not your keys.”

TREE NEWS reports: Kalshi’s 15-minute gold markets recorded 542 million contracts and an estimated $5 million in fees in September, overtaking Ether’s 318 million contracts and $2.6 million just weeks after launch. Bitcoin remained far ahead of both. The figures mark a rapid climb for the short-duration gold product on the prediction market.

TREE NEWS update: Mason Nystrom, formerly an analyst at Messari, said on X on October 7 that he has joined Multicoin Capital as an investment partner. He previously worked at Pantera Capital and Variant Fund, as well as ConsenSys and Messari. Nystrom said he will focus on venture investments in stablecoins, consumer applications and financial infrastructure.

TREE NEWS reports: Alipay said its “Tap” contactless payment transactions rose nearly 40% year-on-year during the combined Mid-Autumn Festival and National Day holiday. In the first four days, spending by inbound tourists via Alipay’s card-binding and Alipay+ services increased nearly 50%. Eight cities including Changsha, Chongqing and Shanghai ran a “Light Up the City” campaign with Alipay that drew over 1 million check-ins.