TREE NEWS update: Amid market volatility, meme coins on Base, BSC, and Robinhood chains surged, led by Basecat’s surprise Coinbase listing. Bicat, BNBCAT, CashCat, and CATE also gained attention, highlighting the ‘exchange + chain + meme’ strategy.
TREE NEWS reports: The European Commission is assessing whether to bring DeFi lending and crypto borrowing under MiCA, launching a targeted consultation that closes on September 30. A key issue is the legal classification of DeFi lending vaults, such as Morpho Vault V2, where control and risk management are dispersed, making it hard to identify the regulated service provider. The EU’s decision on defining actual control will be crucial.
TREE NEWS update: Hyperbot data shows that Machi Big Brother’s 40x leveraged Bitcoin long position has been fully liquidated amid a market downturn. He is now adding to HYPE and Ethereum longs, with his overall position value shrinking to $84 million and ROI dropping to 7.32%.
TREE NEWS update: Bitcoin has fallen below the $76,000 mark, signaling continued market volatility. The decline reflects ongoing selling pressure in the crypto market.
TREE NEWS reports: A major US banking organization has proposed that stablecoin secondary markets be subject to customer identification requirements, aiming to enhance regulatory oversight. This move could impact the broader crypto ecosystem by imposing stricter compliance measures on stablecoin trading platforms.
TREE NEWS update: As Bitcoin fell below $76,000, the trader known as ’10 Big Goals’ saw his BTC short position turn profitable, with floating gains around $800,000. He holds 1,830.724 BTC shorts with an average entry price of $76,397.56, and also has 12,756.739 ETH shorts with a small loss.
TREE NEWS update: In the past four hours, the total liquidation amount across the crypto market reached $114 million, with long positions bearing the brunt at $105 million, while shorts saw $8.25 million liquidated. ETH and BTC accounted for approximately $35 million and $26.5 million of the liquidations, respectively.
TREE NEWS update: Hyperliquid’s Builder Codes achieved nearly $1 billion in single-day nominal trading volume, setting multiple new records. This marks a significant milestone for the platform’s growth and adoption.
TREE NEWS reports: Six foreign brokerages in South Korea, including JPMorgan and Goldman Sachs, posted a combined net profit of 630.5 billion won ($455 million) in Q2, up 213.8% YoY, as the KOSPI broke 9,000 points. JPMorgan led with $148 million profit, while foreign trading volume surged 312%.
TREE NEWS reports: Bitcoin fell below 76,000 USDT on OKX, trading at 75,925.9 USDT, marking a 1.8% decline over the past 24 hours. The drop reflects ongoing market volatility.
TREE NEWS update: Polish crypto exchange Zondacrypto’s two consecutive CEOs have gone missing, and its parent company’s license has been revoked. The exchange faces regulatory turmoil as authorities crack down on its operations.
TREE NEWS reports: The European Union is reviewing whether to bring DeFi treasuries under the MiCA framework, according to a recent analysis. However, experts point out that the decentralized nature of these protocols makes regulation highly challenging, potentially requiring new supervisory approaches.
TREE NEWS reports: Fairmint CEO warns that tokenized stocks could face a ‘paper crisis’ similar to Wall Street’s 1960s backlog, as regulatory and operational challenges emerge. He suggests that without proper infrastructure, the tokenization of real-world assets may struggle to scale efficiently.
TREE NEWS update: Fundstrat’s Tom Lee suggests that as AI trading moves downstream, Ethereum (ETH) may emerge as a beneficiary. He argues that the shift could drive demand for ETH, given its role in powering decentralized applications and smart contracts.
TREE NEWS reports: The New York Post reports that Rep. Rashida Tlaib, a vocal opponent of the CLARITY Act, holds up to $30,000 in Bitcoin and Ethereum-related ETFs. This disclosure raises questions about potential conflicts of interest given her legislative stance on crypto regulation.
TREE NEWS update: The current Crypto Fear & Greed Index stands at 67, reflecting a state of greed in the market. This sentiment metric suggests investors are currently optimistic about cryptocurrency prices.
TREE NEWS reports: US Representative Rashida Tlaib has disclosed holdings in Bitcoin and Ethereum ETFs, according to a report from ChainCatcher. The disclosure highlights growing political interest in crypto assets.
TREE NEWS update: Three Canadian provincial premiers have voiced support for retaliatory measures against US tariffs. This marks a significant escalation in the trade dispute between the two countries, potentially impacting global markets.
TREE NEWS reports: ECX plans to launch its mainnet on October 31, with most Bitcoin holders eligible to receive ECX tokens at a 1:1 ratio. The move aims to integrate Bitcoin into the ECX ecosystem, potentially enhancing liquidity and utility.
TREE NEWS update: The cryptocurrency market saw a broad pullback among altcoins, with TAC experiencing a sharp decline of over 40% in the past 24 hours. This reflects a risk-off sentiment in the crypto space.