Flash News

TREE NEWS update: The co-authors of EIP-8363 have withdrawn their Ethereum staking reward burn proposal from the Hegota upgrade, arguing that Ethereum’s issuance policy needs a dedicated process outside fork planning. Lido has offered to help lead that separate effort. The proposal would have burned a portion of staking rewards, and its backers now want the question handled on its own track rather than bundled into the fork’s agenda.

TREE NEWS reports: Bitcoin buyers broke through a wall of ask liquidity to reach new October highs near $87,800, with short liquidations topping $120 million. The area immediately above the current price now forms a new resistance hurdle.

TREE NEWS update: Crypto custodian Copper has rolled out institutional trading for Hyperliquid perpetual contracts, letting clients execute trades through an API and platform interface while keeping assets in its non-custodial MPC infrastructure. The service gives institutions direct exposure to the decentralized perpetuals exchange without moving collateral out of Copper’s custody setup.

TREE NEWS update: A third-party adapter exploit drained about $305,000 from two Safe multisig wallets, Aave founder Stani Kulechov said. Kulechov stated that Aave v3 was unaffected by the attack, which targeted the external adapter rather than the lending protocol itself.

TREE NEWS reports: Some 30,500 BTC options with a notional value of $2.63 billion expired on Oct. 2 at a put-call ratio of 1.07 and a max pain of $82,000, while 116,000 ETH options worth $320 million expired at a put-call ratio of 1.17 and a max pain of $2,660, Greeks.live researcher Adam said. BTC rebounded on the delivery day, with large bullish option block trades active and the price ranging around $85,000 for over a week.

TREE NEWS update: Porsche is shutting down its Web3 project and the Pioneers Circle community, ending the initiative less than four years after launch. The wind-down follows a sharp decline in trading activity for its 911 NFT collection from early levels. The automaker had billed the effort as a long-term Web3 play.

TREE NEWS update: Spanish police have arrested a 16-year-old accused of running the KillSec ransomware group, with a second suspect now facing extradition to Puerto Rico. Investigators are tracing the proceeds of ransoms the group demanded in cryptocurrency. No further details on the amounts involved or the timing of the arrests were released.

TREE NEWS update: Binance will temporarily suspend US stock trading on October 3, 2026, from 19:00 to 22:00 (UTC+8) to accommodate a system upgrade by its partner broker, the exchange said in an official notice. Users will be unable to submit stock trading orders during the three-hour window.

TREE NEWS update: Utexo, a Tether-backed infrastructure project, plans to issue USDT on the Bitcoin network this month, bringing the nearly $190 billion stablecoin back to the chain where it launched in 2014 on the Omni protocol. Utexo, founded in 2025, raised $7.5 million earlier this year in a round led by Tether and holds a commercial license to issue USDT on Bitcoin. The project supports private transfers and direct conversion to BTC.

TREE NEWS update: Hyperliquid is expected to receive its first AQAv2 reserve yield distribution on Oct. 3, with roughly $14.5 million in passive yield generated from USDC reserves flowing into the Assistance Fund. The funds will be used to buy back HYPE.

TREE NEWS update: SMBC Nikko Securities said on October 2 that it signed a memorandum of understanding to develop “DeFi Gateway,” a decentralized finance platform for Japanese investors. Partners include blockchain developer Nethermind, Uniswap Labs, the Nyx Foundation, and Coinbase Technologies, which operates the Ethereum Layer 2 network Base. The project will develop a liquidity provision protocol and proprietary liquidity pools compliant with Japanese law, with development targeted for completion by mid-2027.

TREE NEWS reports: Bitcoin ETFs took in $103 million to open October, snapping back to net inflows, while Ether funds posted a third consecutive day of net outflows. The flows mark a split start to the month between the two largest crypto ETF complexes.

TREE NEWS reports: Bitcoin futures buying pressure rose to 4.9, its highest reading since Aug 19, with open interest climbing nearly 9,000 BTC over 24 hours, crypto analyst @AxelAdlerJr said on Oct 2. The reading means buying pressure accumulated over the past 12 hours sits almost five standard deviations above the past week’s average. The analyst said the rally could continue if bitcoin holds above $85,000 as momentum fades, while a drop below $83,000 could accelerate a selloff as new long positions unwind.

TREE NEWS reports: Crypto trader Killa said Bitcoin’s trend has clearly shifted but the market remains in a peak phase of bull-market doubt, calling any pullback a buying opportunity. He identified $82.5K as the current established low, noting that in the 2023 bull market dips below such lows never exceeded 8% and often reversed after 4-5%. Killa, a BTC-focused quant trader with over 200,000 X followers, called this cycle’s top in May 2025.

TREE NEWS update: NEAR Intents, the cross-chain intents protocol built on NEAR, was hacked on October 1, with roughly $3.87 million in USDT drained from its vault on BNB Chain. The attacker exploited a logic flaw in the Omni deposit and withdrawal infrastructure rather than the core protocol, and moved the funds to exchanges for bitcoin. NEAR founder Illia said the L1 mainnet and native token were unaffected; the team patched the flaw within an hour, paused deposits and withdrawals on 11 networks for about 12 hours, and pledged 100% reimbursement to affected users. $NEAR fell 6%-8% to around $4.74.

TREE NEWS update: Aave founder Stani Kulechov said the exploit on Aave v3 Loop Safe targeted a third-party external adapter built on top of Aave v3, and that the Aave v3 contracts themselves were not affected. The incident was disclosed on October 2.

TREE NEWS reports: Whales have increased stablecoin transfers into Binance, with 30-day cumulative inflows from addresses moving over $1 million rising from $21.7 billion to $30.5 billion, a gain of more than 40% in just over a month, CryptoQuant analyst Darkfost said. The increase may signal potential buying pressure. Whale stablecoin inflows previously peaked above $61 billion in October before a prolonged pullback, and behavior has shifted cautiously as Bitcoin’s structural trend changes.

TREE NEWS reports: South Korean crypto exchanges saw operating profits fall 78% in the first half of 2026, as trading volumes, market capitalization and customer deposits all declined. The sharp drop in profitability reflects a broad trading slump across the country’s digital asset venues during the period.