Flash News

TREE NEWS update: Circle is calling on the European Union to replace mandatory minimum bank-deposit requirements for stablecoin issuers with more flexible liquidity rules, and to preserve cross-border issuance rights, as part of the bloc’s MiCA review. The USDC issuer argues the current reserve framework should be revised rather than kept as is.

TREE NEWS update: NEAR Intents was hacked for $3.8 million, with the team responding rapidly by compensating users and fixing the bug within one hour. The exploit and the speed of the remediation have prompted debate over whether the incident could be viewed as bullish given the swift reaction.

TREE NEWS update: The US Treasury designated Russia’s A7 Network as a transnational criminal organization and proposed a rule to cut its front companies off from US finance, including crypto. A7’s ruble-backed token processed $179 billion. The action targets the network’s access to dollar-denominated payment rails and digital asset infrastructure.

TREE NEWS reports: Seagate Technology shares fell more than 7% in US pre-market trading after a report said Samsung plans to triple HBM prices next year. The drop reflects investor concern over rising memory costs for storage and hardware makers. Samsung has not confirmed the reported price increase.

TREE NEWS reports: A prediction-market account down $1.18 million (0x6ac5bb06a9eb05641fd5e82640268b92f3ab4b6e) bought $262,000 of “T1A beats SLY” in a League of Legends WSCI 2026 final market, at an average entry price of 64.2¢ across 409,416.9 shares. The best-of-five match began at 17:00 on October 2 and is tied 1:1.

TREE NEWS reports: Saifedean Ammous, author of “The Bitcoin Standard,” said bitcoin treasury companies may struggle to match Strategy, citing the firm’s scale and cash reserves as an edge over rivals. The assessment, reported as a commentary on the competitive landscape of corporate bitcoin holdings, does not include specific figures or a date. Strategy is the largest corporate holder of bitcoin.

TREE NEWS reports: Saifedean Ammous, author of “The Bitcoin Standard,” said other Bitcoin treasury companies may struggle to match Strategy, pointing to its scale and cash reserves as an edge over rivals. The assessment places Strategy apart from the growing field of firms holding bitcoin on their balance sheets.

TREE NEWS reports: Citi raised its price target on bitcoin treasury company Strategy to $240 from $136, citing an upward revision to its bitcoin price forecast. The new target implies roughly 50% upside from the stock’s current price.

TREE NEWS update: THORChain has launched a ZEC liquidity pool after completing a node rotation, with all nodes now monitoring the Zcash chain. The protocol said trading will be enabled in the next step, warning that liquidity is currently thin and early trades face slippage risk. THORChain had previously added native Zcash support in a protocol upgrade, including UTXO handling, RPC logic and a ZEC price oracle.

TREE NEWS reports: Arthur Hayes said US policymakers may expand money supply to support the AI industry and government debt financing, which could drive cryptocurrency prices higher. He added that a shift by China from limited tightening to large-scale monetary stimulus could also lift demand for scarce assets, and said he is watching French financial stress including BNP Paribas credit default swaps and French government bond spreads.

TREE NEWS reports: Bitcoin broke out of its range to $86,913, its highest level since September 23 and up 14.6% from its September 15 low, QCP said. Spot bitcoin ETFs drew $3.5 billion in August and $2.6 billion in September, with the rally attributed to concentrated capital flows. Over the same period gold fell 8.5% while bitcoin rose 12%, as 30-year US Treasury yields hit 5.62%.

TREE NEWS update: Deribit said its migration with Coinbase International has been completed, with clients and liquidity now consolidated onto Deribit. Users can trade spot, options, perpetuals and futures across crypto, equities and pre-IPO markets on a single platform, the exchange said.

TREE NEWS update: The official $TRUMP memecoin site is ranking holders to award dinner seats at a Nov. 22 gala at Trump National, with the top 185 holders eligible. The promotion comes days after Democrats said they would investigate Trump family business deals if they win in November.

TREE NEWS update: Armada Acquisition Corp. II shareholders approved the merger with Evernorth on Wednesday, clearing the Ripple-backed XRP treasury company to list on Nasdaq. Led by former Ripple executive Asheesh Birla, the company is set to begin trading under the ticker XRPN on Oct. 8.

TREE NEWS update: Solana perpetuals exchange Drift has opened recovery token claims for users who lost more than $290 million, awarding one DFX per USDT lost. The token is redeemable for about a cent at launch, drawn from a pool that grows with the rebuilt exchange’s daily revenue.

TREE NEWS update: The SEC has proposed a 760-page rule that would allow advisers and funds to hold client crypto directly when no qualified custodian is available. The proposal would also let state trust companies serve as crypto custodians. Public comments will be open for 60 days after publication in the Federal Register.

TREE NEWS update: The Ethereum Foundation launched zkAPI on Ethereum mainnet, a privacy tool built with the Open Anonymity Project that uses zero-knowledge proofs to sever the link between AI prompts and payers. Neither the AI provider nor the payment server can tie a user’s requests to whoever paid for them.