Flash News

TREE NEWS reports: BitcoinTreasuries.NET reported that Strategy (MSTR) has become the 10th most traded US stock by volume, surpassing Microsoft (MSFT) and Meta (META). This highlights the growing market interest in Bitcoin treasury companies.

TREE NEWS reports: A whale trader who opened short positions on 10 major cryptocurrencies is facing floating losses that could expand to $6.88 million as prices rise. The losses have increased significantly, highlighting the risks of leveraged shorting in volatile markets.

TREE NEWS update: Zcash’s ZEC token surged over 70% weekly to around $844, briefly touching $888, an 8-year high. The Zcash community will hold a token-holder vote on the upcoming NU7 network upgrade, starting Aug 25, with a minimum participation of 1 million ZEC and a snapshot on Aug 24. Voting will be private, with results aggregated.

TREE NEWS reports: Bitcoin surged past $79,000 on Monday, approaching $80,000, following the best week for U.S. spot Bitcoin ETFs since October. The cryptocurrency reached as high as $79,954, driven by strong ETF inflows and bullish market sentiment.

TREE NEWS update: The Crypto Council for Innovation and the Blockchain Association have filed a lawsuit against Illinois officials over a new 0.2% digital asset tax, arguing it is unconstitutional and burdensome. The groups seek to block the tax, which they claim discriminates against crypto users and hinders innovation.

TREE NEWS update: Crypto Council for Innovation and Blockchain Association have sued Illinois officials over a 0.2% digital asset tax, set to take effect in January 2027. The groups argue the tax, based on transaction volume, violates the U.S. and Illinois constitutions, federal and state due process, and the Internet Tax Freedom Act, potentially causing double taxation. This follows a similar lawsuit by Digital Chamber in July.

TREE NEWS reports: Bessent is reportedly preparing to push US Treasury yields toward 5%, a move that could have significant implications for global financial markets. This development is closely watched by crypto investors as higher yields often pressure risk assets like cryptocurrencies.

TREE NEWS update: Nvidia has made a strategic investment in Lancium, a power infrastructure developer. The move underscores Nvidia’s push into energy infrastructure to support AI data centers. Financial details were not disclosed.

TREE NEWS reports: Two digital asset advocacy groups have filed a lawsuit against Illinois’ 0.2% digital asset tax, following a similar suit by the Digital Chamber in July. The groups argue the tax violates constitutional and due process rights, potentially setting a precedent for state-level crypto taxation.

TREE NEWS update: Lancium, a data center and energy management company, has received a strategic investment from Nvidia. The investment aims to support Lancium’s growth in AI infrastructure and clean energy solutions for data centers.

TREE NEWS reports: Lancium announced a collaboration with Nvidia to build AI factories, leveraging Nvidia’s technology to power large-scale AI computing infrastructure. The partnership aims to address the growing demand for AI processing capabilities.

TREE NEWS update: Coinbase announced it will add BASECAT and DRB to its spot trading platform, expanding its available assets. The listing is part of Coinbase’s ongoing effort to increase token offerings, though no specific timeline was provided.

TREE NEWS reports: Coinbase announced it will open BASECAT-USD and DRB-USD spot trading today, subject to liquidity conditions and regional support. The listings expand Coinbase’s asset offerings for these tokens.

TREE NEWS update: Huang Licheng, a prominent crypto investor, increased his Bitcoin long position by adding a $12 million long order, bringing his total position to approximately $87.44 million. The move signals continued bullish sentiment on Bitcoin amid market volatility.

TREE NEWS reports: A recent analysis indicates that the cryptocurrency price surge has positively impacted protocol revenues, with perpetual futures revenue jumping 243% last week. This highlights the direct correlation between market conditions and DeFi protocol earnings.

TREE NEWS reports: In the past 4 hours, the crypto market saw $185 million in liquidations, with about 85,000 traders liquidated in the last 24 hours. This indicates high volatility and leverage in the market.

TREE NEWS reports: Bitcoin’s total open interest across exchanges rose 5.47% in the last 24 hours, indicating increased market activity. This move reflects growing trader participation but does not signal a specific directional bias.

TREE NEWS update: The market capitalization of PONS briefly exceeded $83 million, setting a new all-time high. This surge reflects strong market interest in the token.

TREE NEWS update: Bitmine has acquired an additional $81 million worth of Ethereum, bringing it closer to its goal of holding 5% of the total ETH supply. The purchase comes as Ethereum outperforms Bitcoin in recent market movements, underscoring the company’s bullish stance on the second-largest cryptocurrency.

TREE NEWS reports: BlackRock’s IBIT Bitcoin ETF saw record single-day call options volume, with daily averages exceeding one million contracts over the past three trading days. This surge indicates heightened bullish sentiment and institutional interest in Bitcoin exposure via regulated ETFs.