Flash News

TREE NEWS update: A federal jury convicted Brent Kovar of wire fraud, mail fraud, and money laundering for running a $24 million crypto Ponzi scheme that defrauded at least 400 investors. He now faces up to 280 years in prison.

TREE NEWS update: Hong Kong-listed stocks Yingxing Holdings and Contron led gains, while crypto exchange Gate introduced a 7×24 one-stop trading experience. The move highlights growing integration between traditional equities and digital asset platforms.

TREE NEWS update: Crypto stocks rebounded sharply as Bitcoin surged past $81,000 and Ethereum exceeded $2,500, driven by regulatory optimism and Trump’s comments. Strategy sold 18.26 million MSTR shares for $2.007 billion, while BitMine increased its ETH holdings by 32,447 to 5.847 million, with total assets reaching $14.9 billion. Meanwhile, hedge funds recorded their largest net selling of US stocks since April, and JPMorgan warned of AI trade similarities to the dot-com bubble.

TREE NEWS update: Leveraged products tied to Samsung Electronics and SK Hynix, South Korea’s top chipmakers, experienced nearly $1 billion in outflows this month. The exits reflect investor caution amid a global tech selloff and concerns over semiconductor demand.

TREE NEWS reports: Monitoring data shows that 62.7014 million USDT has been transferred to Binance. The purpose of the transfer is not specified.

TREE NEWS update: SK Hynix has removed all products from its Tmall flagship store and plans to cease operations there. The move signals a strategic withdrawal from the Chinese consumer market via that channel.

TREE NEWS reports: ChangXin Memory (CXMT) has been selected as the core LPDDR6 memory partner for Xiaomi’s Xuanjie O3 chip, marking a significant advancement in domestic memory technology. This collaboration highlights China’s progress in high-bandwidth memory for AI applications, though it is not directly related to RWA or crypto sectors.

TREE NEWS reports: US media reports that the US is considering imposing an additional 7.5% tariff on Chinese goods. This move could escalate trade tensions between the two largest economies, potentially impacting global markets.

TREE NEWS reports: Bitcoin ETFs recorded $338 million in net inflows on the latest day, extending a six-day streak to $2.26 billion total. Year-to-date net outflows have narrowed to approximately $2.57 billion.

TREE NEWS update: Shipyard, a contributor to IPFS ecosystem, will cease its IPFS-related operations on September 30 due to Protocol Labs discontinuing funding. The move marks a significant shift in the IPFS development landscape.

TREE NEWS reports: Data shows that Hyperliquid platform whales currently hold $7.146 billion, with a long/short position ratio of 0.92. This indicates a slight bearish sentiment among large traders on the platform.

TREE NEWS update: A major whale has fully closed out its short positions that had set 10 large price targets, resulting in overall losses across three trades. The moves highlight the volatility and risk in the current market.

TREE NEWS reports: Bitcoin surged past $80,000, its highest in over 100 days, with a nearly 30% weekly gain, sparking a broad rally in crypto-related stocks. Key names like Strategy, Coinbase, Circle, Robinhood, and Bitmine rebounded sharply from their lows, with some gaining over 80%. The recovery highlights the leveraged nature of these stocks relative to BTC and ETH.

TREE NEWS reports: South Korean crypto exchange Upbit saw its 24-hour trading volume soar by 138.2% to approximately $1.446 billion. The surge reflects heightened market activity, possibly driven by increased retail interest or broader crypto market movements.

TREE NEWS reports: The Blockchain Association has voiced support for the GENIUS Act’s stablecoin companion rules while advocating for a narrower scope of customer identification requirements. The group argues that overly broad KYC measures could stifle innovation and burden smaller participants in the crypto ecosystem.

TREE NEWS update: A fire broke out at the Afipsky oil refinery in southern Russia following a drone attack. The incident highlights ongoing geopolitical tensions affecting energy infrastructure. No further details on damage or casualties were provided.

TREE NEWS reports: Strive CEO Matt Cole stated on X that February 19 marked the bottom for ASST, and despite extreme pessimism, his conviction in Bitcoin and the company’s long-term strategy remained unchanged, with executives and directors buying ASST shares with personal funds. He noted that while ASST’s stock has surged and sentiment has improved, the company remains focused on its Bitcoin-centric capital structure and believes the bull market is just beginning, staying ‘All-in’.

TREE NEWS reports: Strive’s CEO stated that February marked the bear market bottom for the company’s stock ASST, during which the team made significant purchases. This indicates confidence in the asset’s recovery and long-term value.

TREE NEWS reports: A research institution reports that AI infrastructure spending is surging, prompting cloud service providers to focus more on efficiency and financial discipline in the second half of the year. This shift reflects growing pressure to optimize costs amid rapid expansion.