TREE NEWS update: Bitwise’s Chief Investment Officer commented that Treasury Secretary Bessent’s plan to buy back US Treasuries underscores Bitcoin’s role as a hard asset. This move highlights the growing appeal of decentralized, scarce assets amid concerns over fiat currency debasement.
TREE NEWS reports: The US Financial Accounting Standards Board (FASB) has issued a proposal to clarify whether certain digital assets, including stablecoins, can be classified as cash equivalents, potentially easing accounting for crypto holdings. The move could impact how companies report stablecoin reserves and other digital assets on their balance sheets.
TREE NEWS update: Circle CEO Jeremy Allaire suggested that the FASB’s proposed accounting rules for digital assets could encourage more institutional adoption of USDC. The rules would provide clearer accounting treatment for crypto holdings, potentially reducing barriers for traditional financial institutions.
TREE NEWS reports: Binance transferred 400 million USDT to Tether Treasury, according to data. The large stablecoin movement may signal liquidity adjustments or operational activity. Such transfers are common but can attract attention for their scale.
TREE NEWS reports: US major stock indices opened higher on the day, with the Dow Jones Industrial Average gaining 275 points. The positive open reflects broad market optimism, though no specific drivers were cited.
TREE NEWS update: Cloverleaf has announced plans to build an AI factory in the United States. The project aims to support AI infrastructure development, though further details are limited.
TREE NEWS update: Over the past 24 hours, total crypto liquidations reached $1.505 billion, with long liquidations at $292 million and short liquidations at $1.213 billion. This significant short squeeze indicates a sharp price surge, reflecting high market volatility.
TREE NEWS reports: BitMart announced it is formulating a potential restructuring plan and aims to gradually resume partial operations. The exchange is working on a phased approach to stabilize services amid ongoing challenges.
TREE NEWS update: An analyst notes Bitcoin has touched its long-term downtrend line and the 21-month EMA, suggesting that holding above this resistance is crucial to confirm a bullish reversal. Failure to sustain could lead to further downside.
TREE NEWS reports: Laser Digital, a Nomura-backed subsidiary, has received registration from Japanese regulators to operate as a crypto exchange, marking the first such approval in four years. The approval allows Laser Digital Japan to provide domestic liquidity before expanding into institutional crypto trading, signaling a renewed interest in the Japanese crypto market.
TREE NEWS reports: BounceBit Chain announced it will permanently cease operations and migrate to BNB Chain following a vulnerability attack. The team provided an update on the incident, indicating a strategic shift to ensure security and continuity.
TREE NEWS update: Bitcoin treasury company BSTR has terminated its merger plan with Cantor Equity Partners. The decision marks a strategic shift, with no immediate details on the reasons or next steps.
TREE NEWS update: Xingqiao Capital’s London gold position has blown up, causing significant losses for some investors who deposited funds via USDT. The incident highlights risks in crypto-funded commodity trading.
TREE NEWS reports: Binance employees questioned by UAE authorities have been cleared and released after providing statements about third-party fund flows through a company client account. A spokesperson confirmed the development to Cointelegraph.
TREE NEWS reports: Spot gold fell $20 in early trading to $4,566.49 per ounce. The decline reflects ongoing market volatility amid global economic uncertainties.
TREE NEWS update: Ethena transferred 170 million ENA tokens to FalconX and then retrieved them, increasing in value by $9.59 million over three days. This movement highlights the volatility and potential profit in managing large token holdings.
TREE NEWS update: Nvidia is broadening its AI infrastructure footprint by investing in a power developer, aiming to secure energy for its expanding data center operations. This move underscores the growing intersection of AI and energy sectors.
TREE NEWS reports: Nvidia is reportedly set to announce its investment in Cloverleaf this Friday, according to ChainCatcher. The move signals Nvidia’s continued expansion into AI-related ventures, though specific financial details remain undisclosed.
TREE NEWS update: Crypto analyst Ansem expressed optimism about Robinhood’s chain-related stocks in the current market cycle, citing potential growth in the crypto and RWA sectors. He expects these assets to perform well as blockchain adoption increases.
TREE NEWS reports: Vitalik Buterin has published research on ‘partial homomorphic’ cryptography, exploring next-generation obfuscation techniques that could become a fundamental primitive in cryptography. The work aims to advance privacy and security in blockchain applications, potentially impacting crypto and RWA tokenization.