Flash News

TREE NEWS update: Li Auto reported Q2 revenue of 25.7 billion yuan with a net loss of 1.7 billion yuan. The company’s financial results reflect its ongoing investment in EV technology and market expansion.

TREE NEWS reports: Chinese influencer ‘Dishi’ publicly accused Sun Zeyu of deceiving him over eight years, causing losses amounting to tens of millions of yuan. The allegations highlight risks in the crypto space, though details remain unverified.

TREE NEWS update: SemiAnalysis founder predicts that by 2028, the majority of newly added AI computing power may be controlled by just two companies. This concentration could have significant implications for the AI and crypto sectors, particularly for decentralized compute networks.

TREE NEWS reports: Iran’s currency, the rial, plunged to an all-time low following new US sanctions that, for the first time, explicitly target digital assets. The move highlights the growing intersection of geopolitics and crypto regulation, potentially impacting global markets and crypto adoption in sanctioned regions.

TREE NEWS update: OKX has introduced the AEON Flash Earn Lite campaign, offering users new opportunities to earn rewards. The initiative leverages AEON tokens within OKX’s earn products, reflecting ongoing engagement with emerging crypto assets.

TREE NEWS update: A whale that previously suffered a $12 million loss from buying high and selling low has re-entered the market, accumulating 2,165 ETH at an average price of $2,463. This move indicates renewed confidence in Ethereum despite past losses.

TREE NEWS update: A trader has again opened a 3x leveraged long position on 143,890 SOL, valued at approximately $14 million. The move indicates strong bullish sentiment on Solana despite market volatility.

TREE NEWS reports: Phantom wallet’s builders have generated over $25 million in revenue, with total profits reaching $27.21 million. This highlights the significant financial success of the wallet’s development team.

TREE NEWS reports: CASHCAT, a cat-themed meme token, surged nearly 9% in the past hour, leading the sector of cat-themed meme coins. The price spike reflects renewed speculative interest in meme tokens.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed 0.56% higher, with Anta Sports leading gains at 9.53%. The move reflects positive sentiment in the local equity market.

TREE NEWS update: Hyperliquid has introduced a USDC yield mechanism, which will be used to repurchase and burn its native token HYPE. This move aims to reduce supply and potentially increase token value, aligning incentives with token holders.

TREE NEWS reports: Bitcoin options valued at $6.4 billion are set to expire on Friday, which could increase market volatility. Traders are bracing for potential price swings as the largest options expiry in months approaches.

TREE NEWS update: Alloco, a blockchain-based investment strategy platform, has received an investment from YZi Labs. The funding aims to support Alloco’s growth and development in the crypto space.

TREE NEWS update: ARK Invest’s Director of Digital Asset Research has criticized proposals related to Solana and Ethereum, arguing that they overlook competitiveness. The remarks highlight concerns about the projects’ long-term viability and market positioning.

TREE NEWS update: Ahead of Fed Chair Kevin Warsh’s Jackson Hole speech on August 28, analysts speculate he may reduce forward guidance and allow long-end yields to rise, effectively tightening financial conditions without raising rates. This could push 10-year Treasury yields above 5% if term premia normalize, while reduced guidance may increase bond volatility. The market will watch for signals on this policy framework.

TREE NEWS reports: Ahead of Jackson Hole, the July core PCE inflation data is set to be released, with expectations of a rise to 3.3%. This has heightened market expectations for a potential rate hike in September.

TREE NEWS reports: Moonshot AI, the developer of the Kimi assistant, is negotiating with major tech companies over revenue-sharing terms for its upcoming K3 model. The deal could reshape how AI models are commercialized through partnerships.

TREE NEWS update: A US judge has adjourned the retrial of Tornado Cash developer Roman Storm to April 2027, pending his motion for acquittal and request for a continuance. The delay extends the legal uncertainty for the crypto privacy tool’s co-founder.