TREE NEWS update: Binance co-founder He Yi revealed that Binance Wallet accounts for 75% of all wallet transaction volume, processing over $13 billion daily. This highlights the dominance of Binance’s integrated wallet in the crypto ecosystem.
TREE NEWS reports: A recent analysis suggests that Binance and Coinbase account for over half of the recent stablecoin inflows, potentially making them the primary drivers of the current market rally. This concentration indicates that these exchanges are pivotal in channeling new capital into crypto.
TREE NEWS reports: US weekly ADP employment change for the week ending August 8 came in at 11,750, up from the previous 9,500. This data point reflects slight improvement in the labor market.
TREE NEWS reports: A 3% price fluctuation in a token caused $36 million in liquidations across Ethereum DeFi protocols. The event highlights the fragility of leveraged positions in decentralized finance markets.
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 update: India plans a September pilot for tokenized corporate bonds, with state-controlled REC issuing the debt and select investors using wholesale CBDC payments. This marks a significant step in the country’s exploration of blockchain-based securities.
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: Coinbase has introduced tokenized stocks on its Base network, with each token representing a direct claim on an underlying share, including rights. This move marks a significant step in real-world asset tokenization, bridging traditional equities with blockchain technology.
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 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 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: 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 update: Crypto exchange WEEX has introduced zero trading fees for stock tokens, allowing users to trade tokenized equities without charges. To celebrate, the platform is offering a $100,000 prize pool for participants, encouraging engagement in the new asset class.
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 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 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.