Flash News

TREE NEWS update: Grayscale has launched a spot ETF for Zcash, trading under the ticker ZCSH on NYSE Arca. This marks a significant step for privacy-focused cryptocurrencies in traditional finance.

TREE NEWS reports: SuperX has received a $38.8 million order from NVIDIA, marking a significant business development. The deal highlights the growing intersection of AI and crypto infrastructure.

TREE NEWS update: Cisco and Nvidia announced an expanded partnership to build secure AI factories, integrating Nvidia’s accelerated computing with Cisco’s networking and security solutions. The collaboration aims to help enterprises deploy AI workloads with enhanced security and performance.

TREE NEWS update: Grayscale has launched a Zcash ETF, providing brokerage investors with exposure to ZEC amid growing demand for crypto assets beyond Bitcoin and Ethereum. The launch follows a critical privacy flaw that recently impacted the cryptocurrency.

TREE NEWS reports: EIP-8363 proposes burning an increasing share of validator rewards as staking ratio rises, aiming to cap staking and reduce ETH inflation. Analysis shows it would cut issuance by ~58.6% at current staking levels, but self-limit to 0.3-0.5% annual inflation, with no detectable impact on ETH price. The proposal is likely to face political hurdles due to concentrated losses for staking intermediaries.

TREE NEWS reports: Shipyard is winding down its work on the InterPlanetary File System (IPFS) after Protocol Labs terminated funding, leaving the software without dedicated maintainers. The future of key public IPFS services now rests with Protocol Labs.

TREE NEWS update: Arthur Hayes announced that the testnet faucet will be accessed via DID keys, and the FLOP airdrop will depend on testnet activity. This move aims to ensure fair distribution and enhance user engagement.

TREE NEWS update: CryptoQuant reports that Binance’s XRP leverage ratio has surged to a seven-month high, indicating increased speculative activity. The rise suggests traders are taking on more risk, potentially signaling heightened volatility ahead.

TREE NEWS reports: Thailand’s Securities and Exchange Commission has published a draft regulation for Bitcoin and Ethereum exchange-traded funds (ETFs) for public consultation. The move signals a potential step toward approving crypto ETFs in the country, aligning with global trends.

TREE NEWS reports: Hyperliquid has introduced trailing stop orders on its testnet, enhancing its trading features. This update aims to improve risk management for traders on the platform.

TREE NEWS reports: The US Treasury has established a Quantum Readiness Working Group to address risks posed by quantum computing to digital assets and emerging technologies. The initiative focuses on safeguarding financial infrastructure against future quantum threats.

TREE NEWS update: The Robinhood Chain ecosystem token DTF briefly surpassed a $5 million market cap, surging over 97 times in a day. This rapid price movement highlights speculative activity in the crypto market.

TREE NEWS reports: A former X product lead revealed that the social media platform X is planning to introduce a cryptocurrency trading button feature. This move would integrate crypto trading directly into the platform, potentially expanding its user base’s access to digital assets.

TREE NEWS reports: Treasury Secretary Bessent is reportedly using interventions like buybacks and debt restructuring to trigger a short squeeze on CTA bond shorts, aiming to push the 10-year yield down to 4.3% before midterms. Goldman data shows record CTA short positions, making conditions ripe for a squeeze. However, analysts doubt the effectiveness given structural deficits and inflation.

TREE NEWS update: Jack Ma has increased his holdings of Alibaba’s Hong Kong-listed shares, with his total purchases now exceeding HK$600 million. This move signals confidence in the e-commerce giant amid market fluctuations.

TREE NEWS update: Bitcoin’s weekly RSI shows bullish divergence, drawing comparisons to the 2022 bottom, suggesting the macro downtrend may be ending. Analysts weigh the potential for a new price trend.

TREE NEWS reports: The MiMo series has officially launched on B.AI Web Chat, marking a new integration for the platform. This move aims to enhance user experience with advanced AI capabilities.