Flash News

TREE NEWS update: Bitpanda co-CEO Christian Trummer said European crypto users now have “more faith” in regulated platforms under MiCA, crediting the framework with raising trust in licensed firms. Speaking on Cointelegraph’s Chain Reaction, Trummer also called for stricter enforcement against companies that remain noncompliant with the rules.

TREE NEWS reports: US core PCE rose 0.2% month-on-month and 3.0% year-on-year, below the 3.3% forecast. Headline inflation rose 0.3% month-on-month and 3.4% year-on-year. Bitcoin briefly broke above $85,000 before pulling back, while the US 10-year Treasury yield fell to about 5.20% and then rebounded to about 5.28%.

TREE NEWS update: Ethereum’s zkAPI now lets users prepay for AI model queries in USDC and access those models through cryptographic proofs, so no single party can see both the user’s identity and the query. The design splits payment from usage, shielding who is asking and what they ask from any one observer.

TREE NEWS update: Solana perpetuals exchange Velocity, formerly Drift, has opened compensation claims for its April exploit, paying 1 DFX token per 1 USDT lost. With DFX trading at about 0.0104 USDT, the payout equals roughly 1% of losses. The compensation pool holds about 3.11 million USDT, DFX total supply is 299.5 million and no longer mintable, and Tether has pledged up to 127.5 million USDT. Claims close January 1, 2028.

TREE NEWS reports: US stocks closed higher on October 3, with the Dow up 0.51%, the Nasdaq up 0.99% and the S&P 500 up 0.71%. SPCX rose 7.29% and Tesla (TSLA) gained 4.43%, while Coinbase (COIN) fell 3.18%, Circle (CRCL) dropped 2.41% and SanDisk (SNDK) declined 3.88%. AMD added 2.91%.

TREE NEWS update: Circle has told the European Commission that MiCA’s bank-deposit reserve mandate and concentration caps push the largest global stablecoins outside Europe’s regulatory perimeter. The USDC issuer sided with the ECB in calling for more flexible rules, arguing the current framework leaves major stablecoins uncovered by the EU regime.

TREE NEWS reports: Hackers breached the propulsion system of a tanker sailing toward the United States. The reported intrusion targeted the vessel’s propulsion controls while it was en route to the US. No further details on the attackers, the vessel’s identity, or the outcome were disclosed.

TREE NEWS update: The Ethereum Foundation has introduced zkAPI, a prepaid tool for private API payments. OA Chat supports the tool, which separates billing from requests. However, the tool does not conceal prompts from AI providers, leaving the content of queries visible to the services being paid.

TREE NEWS reports: Anchorage Digital, a crypto bank valued at $4.2 billion, has cut 17% of its workforce. The reduction comes as the firm expands its institutional footprint, including stablecoin issuance and a $100 million investment from Tether.

TREE NEWS reports: Bitcoin fell below $84,000, trading at $83,958.80 per coin, down 1.61% over the past 24 hours. The move marks a fresh intraday low for the largest cryptocurrency by market capitalization.

TREE NEWS update: Blast is winding down its Ethereum layer-2 network after operating costs outpaced revenue, and is urging users to move their assets to mainnet ahead of the shutdown. The network was once among Ethereum’s largest layer-2s by total value locked. No timeline or further details were disclosed.

TREE NEWS update: Ethereum layer-2 network Blast is shutting down after saying its operating costs now exceed the revenue the chain generates. The project, once valued at $2.3 billion, told users to withdraw their assets to Ethereum mainnet before Oct. 26.

TREE NEWS update: NEAR Intents said the $3.8 million stolen in an earlier attack has been returned in full, who posted on X that the team is closing its investigation. The protocol had identified the entity behind the attack and given it 48 hours to return the funds. Shevchenko urged parties to report issues through the bug bounty program rather than disrupting the service.

TREE NEWS update: Illinois has agreed to a six-month delay of its crypto tax, subject to court approval. The levy would charge customers on asset value rather than gains, with draft rules covering paid custody, transfers and stablecoin settlement.

TREE NEWS update: Ethereum Layer 2 network Blast is winding down operations after its costs outpaced revenue, the Paradigm-backed project said. Users have until Oct. 26 to withdraw funds through the app. Blast, which raised from Paradigm, becomes the latest L2 to close as competition and fee economics squeeze rollup operators.

TREE NEWS reports: Bitcoin pushed toward its yearly high after a weaker-than-expected US jobs report erased market odds of an October rate hike. The move puts BTC back at the top of its 2025 trading range, with traders watching whether it can break through the yearly ceiling. The report landed as a macro-driven catalyst for crypto markets.

TREE NEWS update: Aave Labs has proposed creating a foundation to place the Aave brand and intellectual property under DAO oversight. Phase 1 of the plan would establish a Cayman Islands entity and appoint independent officers. Transfers of the trademark, domains and codebase would require separate governance votes at a later stage.