Flash News

TREE NEWS reports: XRP led losses among the top 10 cryptocurrencies as leverage unwinding triggered a market pullback. The price action suggests the rally’s sustainability is being tested, with traders watching key support levels.

TREE NEWS reports: The SEC has sent a proposal to the White House aiming to modernize crypto custody regulations, despite a stalled vote on the Clarity Act. This move signals continued regulatory focus on digital asset custody standards.

TREE NEWS update: MultiversX announced its Supernova upgrade, which decouples consensus from execution, with mainnet activation expected on September 10. This architectural change aims to improve scalability and performance.

TREE NEWS reports: The ‘Fed whisperer’ suggests that how Federal Reserve Governor Christopher Waller explains inflation will determine his future policy trajectory. His interpretation of current price pressures is crucial for market expectations of rate moves.

TREE NEWS reports: Mediterranean Shipping Company (MSC) has suspended its Black Sea routes following a drone attack on its vessel. The incident highlights growing risks to commercial shipping in the region, with potential implications for global trade and energy markets.

TREE NEWS reports: Dune Analytics has updated its free tier, and starting September 10, existing free accounts will only be able to browse data. This change aims to encourage users to upgrade to paid plans for full functionality.

TREE NEWS reports: Ethereum developers have proposed a major upgrade to the deposit contract to make staking quantum-resistant. The proposal allows validator keys to expand to 8,192 bytes and adds a mechanism to permanently retire current BLS signatures, enhancing security against future quantum threats.

TREE NEWS reports: A protocol upgrade from a CTDG Dev Hub participant separates consensus from execution, enabling nodes to agree on blocks before transactions are fully processed. This aims to solve scaling bottlenecks by allowing parallel validation.

TREE NEWS update: Flop Labs has announced the tokenomics for its FLOP token, allocating 20.4% to airdrops and 51.2% to miners. The breakdown aims to incentivize community participation and network security.

TREE NEWS reports: Morgan Stanley notes that the latest core PCE data did not cool expectations for Fed rate hikes. The firm suggests that inflation remains sticky, keeping the door open for further policy tightening.

TREE NEWS reports: Strive, an asset manager, has become the seventh-largest public company holder of Bitcoin, with approximately $1.7 billion in BTC. This marks a significant institutional adoption milestone, reflecting growing corporate interest in Bitcoin as a treasury asset.

TREE NEWS update: Analysts argue that the ‘Bessent effect’ is unlikely to push Bitcoin into a true bull market, with the recent rally primarily driven by short covering rather than sustained demand. The outlook remains cautious as macroeconomic factors continue to weigh on the crypto market.

TREE NEWS reports: Chinese AI company Zhipu AI has released and open-sourced its latest model, GLM-5.3-Flash, nicknamed ‘Niu Lai’. The model is now available for developers and researchers.

TREE NEWS update: DeFi Development Corp. has introduced a new real-time data and research platform tailored for Solana, aiming to enhance transparency and analytics within the ecosystem. The platform provides live metrics and insights to support developers and traders.

TREE NEWS reports: Bubblemaps reported that an attacker stole $50 million worth of NES tokens, but due to liquidity constraints, the actual profit was only $60,000. The incident highlights the challenges of liquidating large token holdings in illiquid markets.

TREE NEWS update: Pump.fun has integrated HyperEVM, enabling trading of tokens on that network directly within its application. This expansion broadens the platform’s reach beyond its original Solana-based ecosystem, catering to the growing demand for multi-chain meme coin trading.

TREE NEWS update: Avalanche’s treasury company reported a net loss of $44.7 million for Q2, with $35.7 million attributed to its AVAX token holdings. The loss highlights the impact of crypto market volatility on corporate treasuries.

TREE NEWS reports: Data shows that if Ethereum breaks above $2,576, cumulative short liquidation intensity on major centralized exchanges could reach $1.067 billion. This highlights a potential volatility trigger level for ETH traders.

TREE NEWS reports: The SEC’s proposed crypto asset regulation may not spark a new wave of ICOs. Analysts believe the regulatory framework could actually deter speculative token offerings.