Flash News

TREE NEWS update: Volmex has listed perpetual contracts on its Bitcoin Implied Volatility Index (BVIV) on Hyperliquid. The contracts are based on Deribit and OKX options data and reflect traders’ expectations for Bitcoin’s volatility over the next 30 days rather than spot price direction, with the BVIV recently reading in the mid-30s. Each index point settles at 1 USDC, with isolated margin, up to 5x leverage, an hourly funding rate and an initial open interest cap.

TREE NEWS update: A self-custody proposal would require registered investment advisers to sign written agreements with clients stating that adviser-self-custodied crypto assets are treated as financial assets under Article 8 of the Uniform Commercial Code. The measure focuses on bankruptcy protection and is aimed at reducing the risk that clients lose crypto assets if an adviser becomes insolvent.

TREE NEWS update: Cathie Wood said ARK Invest’s ETF strategy has added Kalshi, the private prediction-market platform, as a holding. Wood praised Kalshi’s management team and said she is bullish on its development in the prediction-market sector. The disclosure covers Kalshi’s inclusion within ARK’s ETF lineup, though no position size or date was given.

TREE NEWS reports: Zcash (ZEC) has dropped 21% from its recent peak of $1,698, pressured by ETF outflows and a suspected North Korean heist that routed funds through its shielded pool. The token’s slide raises the question of whether the rally is over or whether traders will buy the dip.

TREE NEWS update: Prediction market platform Kalshi filed with the CFTC on September 28 to move the termination date of its trading volume incentive program from October 1, 2027 to October 13, without giving a reason. The change follows roughly $5 billion in near-identical trades on its Ethereum perpetual contract market that drew CFTC scrutiny. The CFTC’s market oversight division warned in August that volume-linked incentives may encourage wash trading, and CFTC Chairman Selig may act on prediction market promotion this week.

TREE NEWS update: Evernorth shareholders approved the company’s SPAC merger, clearing the way for a Nasdaq listing under the ticker XRPN. The company holds an XRP treasury worth roughly $710 million at current prices. Trading is expected to begin once the merger closes.

TREE NEWS update: President Trump is scheduled to appear at his golf club in Washington, DC, on Nov. 22 for an exclusive dinner with his top 185 memecoin holders. The event marks the third such gathering, following dinners held in May 2025 and April 2026. It comes amid ongoing corruption claims tied to the president’s memecoin holdings.

TREE NEWS update: Reddit will retire its RSS feeds on November 13, with outside apps losing access to its public data pipeline by March 2027. The platform said the move targets scraping bots, even as it continues to license its own content to AI companies.

TREE NEWS update: The U.S. Securities and Exchange Commission on Thursday proposed rules clarifying how investment advisers and regulated funds may hold and safeguard client crypto assets, covering recordkeeping, federal disclosure, industry practices and audit requirements. SEC Chairman Paul Atkins said existing custody rules were built for traditional assets and the proposal would give crypto custody a regulatory framework. The proposal is open for 60 days of public comment and would, under certain conditions, permit self-custody and state-chartered trust institutions as custodians.

TREE NEWS update: Phantom wallet has added support for BNB Chain, letting users trade after updating to the latest version. The integration enables viewing BNB Chain asset balances, sending and receiving tokens, and in-app swaps. Phantom previously integrated Robinhood Chain and has discontinued support for Monad and Sui.

TREE NEWS update: Hyperliquid’s policy group has asked the European Commission to place perpetual futures under MiFID II, while Circle is targeting MiCA’s bank deposit floor, both submitting filings to the Commission’s ongoing MiCA review. The two proposals address derivatives oversight and stablecoin reserve rules respectively.

TREE NEWS update: Shareholders approved Evernorth’s merger with Armada Acquisition Corp. II, clearing the way for the Ripple-backed firm to begin trading on Oct. 8 with a stash of roughly 473 million XRP. The deal creates what is described as the largest pure-play XRP treasury company.

TREE NEWS reports: A 50,000-letter campaign is pressing Brussels to rethink restrictions on stablecoin rewards as part of the EU’s MiCA review. EU central banks are simultaneously seeking broader changes to MiCA’s stablecoin rules, putting the rewards question at the center of the bloc’s next round of crypto rulemaking.

TREE NEWS update: Alabama’s new crypto ATM refund rule took effect on October 1, granting eligible first-time users full refunds of transaction amounts and fees, while existing users can recover half the transaction amount plus fees. New users have a 30-day eligibility window and must notify the operator, law enforcement and the Alabama Securities Commission within 60 calendar days of a disputed payment. FBI data shows 177 crypto ATM fraud complaints in Alabama in 2025, with reported losses near $3 million.

TREE NEWS reports: A Bitcoin wallet inactive since May 2011 moved 20.43 BTC worth $1.7 million, ending a 15.4-year dormancy. Arkham tracking shows the coins originated from Braiins (Slush Pool) payouts at roughly $3 to $4 per BTC. The BTC received on May 1 and May 8, 2011 was split and sent to SegWit addresses for under $1 in fees, and has not reached a known exchange deposit address.

TREE NEWS update: Illinois officials agreed to postpone implementation of the state’s 0.2% crypto tax for six months, following lawsuits and industry pushback that claimed the bill was rushed through the legislature. The delay puts the levy’s rollout on hold while the legal challenge proceeds. No new effective date was given.

TREE NEWS reports: Stablecoin issuers’ purchases of short-term US debt have partly offset China’s retreat from the Treasury market. The authors find issuers favor short-term securities, while China’s decline is concentrated in longer-dated debt. They add that additional stablecoin demand depends on who buys the tokens.

TREE NEWS reports: Cboe Global Markets is considering listing perpetual futures tied to the Cboe Volatility Index, as major US exchanges race to bring the high-leverage tool that dominates crypto into new asset classes. The VIX itself cannot currently be traded directly. Cboe global derivatives head Rob Hocking called on regulators to provide clearer guidance on perpetual futures, saying “before we start the game, we need to know the rules of the game.”

TREE NEWS reports: Bitcoin crossed above $85,000 on October 2, trading at $85,003.70 per coin. The move marks a 0.99% gain over the past 24 hours.