Flash News

TREE NEWS update: CME Group began trading Uniswap (UNI) futures on October 20, offering two contract sizes with 24/7 trading. Uniswap said UNI is the first DeFi protocol token to have futures listed on CME. The exchange also launched Bitcoin Cash (BCH) futures on October 19 at 22:00 UTC+8.

TREE NEWS update: Lighter has launched BTC and ETH binary options on its Core platform, offering Up/Down contracts that pay winning shares 1 USDC. The contracts require full funding and carry no leverage or liquidations, the platform said. The product lets traders take a directional position on bitcoin and ether without margin risk.

TREE NEWS reports: Starknet’s STRK token has dropped 38% over the past week, reversing an earlier rally, while the network’s DeFi total value locked slipped a smaller 5.3%. Voting remains open until Oct. 22 on research into an independent Layer 1.

TREE NEWS update: Frax has announced a six-currency foreign-exchange lineup on Aerodrome, the Base-based decentralized exchange. The six Base pools held about $241,000 in liquidity and recorded roughly $20,000 in trading over 24 hours.

TREE NEWS update: Mesh, a crypto payments network, has partnered with Visa to let users spend cryptocurrency and stablecoin balances directly from participating wallet apps at roughly 175 million Visa merchant locations worldwide, both online and in-store, without needing a separate card, pre-selling or transferring funds. Mesh handles fund routing and conversion between crypto, stablecoins and fiat, and manages onboarding and KYC, while merchants receive payment as standard without new equipment. The first participating platforms and launch timing will be announced separately.

TREE NEWS reports: Multicoin Capital holds Hyperliquid’s HYPE token as the largest position in its hedge fund, general partner and venture co-head Spencer Applebaum said, adding that the tokens were all bought on the public market. The firm, which manages about $2.7 billion, will not follow peers such as Paradigm into pure AI and robotics investing and will stay focused on crypto assets, Applebaum said. Its $422 million venture fund raised in 2022 has deployed slowly after startup valuations fell following FTX’s collapse.

TREE NEWS update: SharpLink said it has deployed $400 million across Ether.fi and Lido, following its August plan to stake $200 million through Lido and hold wstETH with Anchorage. The company described both allocations as deployed. It did not disclose further details on the deployment.

TREE NEWS update: Mesh has partnered with Visa to let users spend crypto and stablecoin balances directly from wallet apps without first selling or transferring the assets. The integration removes the need for a separate card. No specific launch date or fee structure was disclosed.

TREE NEWS reports: Crypto futures liquidations across major exchanges totaled $334 million in the past 24 hours, with $175 million in long positions and $160 million in shorts, CoinGlass data show. BTC liquidations reached $65.89 million and ETH $112 million. The largest single liquidation was a $11.81 million ETHUSDT order on Binance.

TREE NEWS update: Echo Protocol is winding down operations, halting new deposits and borrowing while keeping withdrawals and repayments open. The shutdown notice sets conflicting November deadlines before collateral liquidation begins, leaving users uncertain about the exact cutoff. The protocol has not clarified which deadline governs the liquidation process.

TREE NEWS reports: Machi Big Brother’s Papertrade account held just $5,682 after he nearly depleted the $261,000 deposited the previous day, Lookonchain data shows. Trading losses reached $779,000, partly offset by $394,000 in USDC staking rewards, leaving a net loss of $382,000.

TREE NEWS update: THORChain has kept ZEC swaps halted after a bug triggered a vault slash, with onchain records showing about 140 RUNE deducted from 18 node accounts. A fix is scheduled for the v3.21 upgrade around Oct. 23.

TREE NEWS update: THORChain plans to deploy its v3.21 upgrade at block 28,366,100 around Oct. 23, aiming to fix the exploit that halted the network and restart Rujira. Rujira intends to request a conditional 24-hour liquidation grace period for borrowers as part of the restart. The upgrade and grace-period request are tied to recovery from the exploit.

TREE NEWS reports: Attackers still hold $287 million of crypto stolen across 60 exploits this year, Blockaid found, with funds that cannot be frozen. The security firm said hackers began moving stolen assets a median 17 minutes after each breach, and that less than 1% of the $1.18 billion taken had reached victims by September.

TREE NEWS reports: World Liberty Financial’s USD1 stablecoin saw its market capitalization fall by more than $400 million over two weeks amid large redemptions on Ethereum and BNB Chain. The decline reflects sustained outflows from the stablecoin across the two networks.

TREE NEWS reports: Uniswap v4’s upgradeable Hooks have spawned a new industry of tools for customizing trading rules, with v4 pools handling $39.7 billion in volume over the past 30 days — about half of Uniswap’s total and 64% of its fees. On Oct. 14, Uniswap deployed VolatilePair, a Hook charging different fees to buyers and sellers based on recent price volatility, after its StablePair Hook hit $3.1 billion in volume in four weeks. Bitquery found that only about a third of v4 pools on Robinhood Chain carried Hooks in early September, yet those pools generated 74.5% of trading volume.

TREE NEWS reports: Thirty-eight perpetual DEXs generated about $125 million in user fees over the past 30 days, with Hyperliquid alone contributing $84.55 million, and the top five platforms accounting for 85.6% of the total. Foresight Ventures notes that Aster directs 99% of daily platform fees to buy back ASTER, while Hyperliquid uses its Assistance Fund to convert some fees into HYPE and burn it, and that about 86% of HYPE-holding addresses have never traded perpetuals.

TREE NEWS reports: A newly created wallet, 0xb15b, was liquidated multiple times over the past 10 hours, with a cumulative 8,163 ETH worth $19.78 million liquidated. The repeated liquidations hit the single wallet within a 10-hour window.

TREE NEWS reports: Deposits in cryptocurrency “vaults” have grown from $4 billion at the start of last year to more than $10 billion, with fintech firms, digital-asset treasury managers and hedge funds as the main depositors. The vaults run on smart contracts on DeFi platforms, each overseen by a manager who selects lending strategies, sets risk limits and charges fees. Yields typically range from 3% to 10%, with riskier strategies reaching 20% or more, exposing depositors to collateral, liquidity and smart-contract risks.