Flash News

TREE NEWS reports: Tether’s excess reserves nearly doubled to $8 billion in the third quarter, with the stablecoin issuer posting a $1.5 billion profit. Its US Treasury holdings are now comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8.37 billion at the end of September.

TREE NEWS update: Polymarket has launched 15-minute up-or-down prediction markets for gold and silver, expanding the fast-cycling product beyond crypto, Chainlink said. Polymarket confirmed Chainlink as the official oracle partner for its high-speed up-or-down markets. More commodities will follow, with stocks and forex to be added later.

TREE NEWS reports: AAOI dropped 17.1% over 24 hours and was trading at 66.07 USDT.COM data. The move marks a sharp one-day decline for the token, which is quoted in USDT on the platform.

TREE NEWS reports: Binance lost about $6.4 billion in the largest crypto hack on record, yet Bitcoin fell only about 3%. By comparison, Bitcoin dropped nearly 11% during the exchange’s previous breach in 2018, underscoring a markedly milder market reaction to the latest incident.

TREE NEWS update: Raymond and Isiah Garcia of Texas were sentenced to 15 years in prison for holding a Minnesota family at gunpoint for more than nine hours and forcing the father to transfer over $8 million in crypto. The case is among the clearest prosecutions yet of a “wrench attack,” in which physical violence is used to extract digital assets.

TREE NEWS update: Binance is working with the FBI and the U.S. Secret Service to investigate a theft involving $6.4 billion, the exchange said. Stablecoin issuer Circle said it has frozen more than $800 million in USDC linked to the incident and is cooperating with law enforcement. Tether also froze more than 1.567 billion USDT tied to the case.

TREE NEWS update: Binance has set aside $6.34 billion to cover losses from a breach, with the FBI and Secret Service now working alongside the exchange as investigators trace the stolen funds. Circle has frozen $823 million tied to the incident. The involvement of two U.S. federal agencies marks a significant escalation in the investigation into the hack.

TREE NEWS reports: Circle, Strategy and other crypto-linked stocks fell sharply on Friday, a day after Binance disclosed a $6.3 billion security breach. Coinbase led the selloff among crypto equities as investors reacted to the scale of the incident at the rival exchange.

TREE NEWS update: Binance co-founder and co-CEO He Yi said the platform’s hot-wallet hack affected about $6.3 billion in assets, of which roughly $3 billion has been frozen with industry help, leaving a net exposure of just over $3 billion — more than 2% of Binance user assets and public reserves. The exchange expects to restore withdrawals within 42 hours and will publish a detailed technical security audit report.

TREE NEWS reports: Tether reported $1.5 billion in operating profit for the third quarter and a reserve buffer of $7.95 billion, driven by earnings on Treasury bills and reverse repos. BDO’s attestation covered the September-end report rather than activity throughout the quarter.

TREE NEWS reports: Bitcoin’s quantum security risk is increasingly being framed as an economic problem, alongside a series of industry developments. Ripple has secured a US banking charter, while USDC is expanding its presence in Europe. VanEck has also added Bitcoin to a new exchange-traded fund.

TREE NEWS update: Gate founder and CEO Lin Han called for the crypto industry to immediately form a security alliance with unified security standards, intrusion detection protocols and emergency response mechanisms, citing a Binance incident involving about $6.3 billion in losses. Gate also proposed a split-key vault in which private keys are distributed among the user, Gate and a recovery partner, with funds movable only if at least two parties are compromised, and a 48-hour withdrawal delay so users can freeze funds. Gate said it has flagged the relevant hacker addresses and will freeze illicit funds transferred to its platform.

TREE NEWS update: The U.S. Secret Service said its investigators are working around the clock with private-sector partners including Circle to identify, freeze, trace and recover funds stolen from Binance, a spokesperson said. The agency is coordinating with the U.S. Attorney’s Office for the District of Columbia and law enforcement partners to identify and prosecute the cybercriminals involved. Binance is working with the FBI and the Secret Service on an investigation into a $6.3 billion crypto theft case.

TREE NEWS update: A new Ethereum proposal would let accounts permanently opt out of EIP-7702 delegation while keeping their addresses and ordinary transaction capabilities. The opt-out is designed to let users disable delegated execution, but it would not protect funds if a private key is stolen. The draft is at the proposal stage and has not been adopted.

TREE NEWS reports: A recap of live coverage of the Binance hack traces the early breach reports and the exchange’s pledge to fully reimburse users, with the incident put at a record $6.3 billion. The item recounts how the hack unfolded from first reports through the reimbursement commitment.

TREE NEWS update: zkLink has launched a bounty program to recover funds affected by a recent security incident on zkLink Nova, offering up to 20% of recovered funds to security researchers or whitehat contributors whose information materially aids recovery. Eligibility and amounts are set by zkLink based on the value of the information. The exploiter may keep 20% as a whitehat bounty by returning all funds, with zkLink pledging no further legal action over returned assets.

TREE NEWS reports: Tether reported $1.5 billion in net operating profit for the third quarter of 2026, flat versus the second quarter, bringing nine-month profit to $4.5 billion. Its reserves report, prepared by BDO, showed total assets of about $191.5 billion against liabilities of $183.5 billion as of Sept. 30, lifting excess reserves to roughly $7.955 billion from $4.1 billion at the end of Q2. Tether’s direct and indirect U.S. Treasury exposure reached $132.4 billion, while USDT in circulation held near $184 billion.

TREE NEWS update: Allora said its network and ALLO token contract remain secure after some ALLO held on Binance was stolen in a breach at the exchange. The team triggered the token contract’s built-in emergency protection mechanism, preventing the attacker from moving, selling or using the stolen tokens, none of which have left the attacker’s wallet. Allora is returning the full stolen amount to Binance, with total ALLO supply unchanged.

TREE NEWS update: Two Texas brothers were sentenced Friday to 15 years in prison for holding a Minnesota family at gunpoint for nine hours to steal $8 million worth of cryptocurrency. The home invasion, in which the family was held captive, targeted the victims’ digital assets. The sentence was handed down following their conviction in the case.