Flash News

TREE NEWS update: Base has launched its Cobalt upgrade, introducing conditional transactions and new functions for assets issued under its B20 standard. The upgrade adds the ability to execute transactions that only settle when preset conditions are met, alongside expanded capabilities for B20-issued assets on the network.

TREE NEWS update: Arc has rolled out a USDC funding onramp and a lending product called Borrow Kit, letting apps offer cirBTC-backed loans through Morpho. Onramp purchases require provider identity checks and are subject to regional eligibility. The package is aimed at giving applications built on Arc direct access to stablecoin funding and collateralized credit.

TREE NEWS update: Bloomberg has launched an Allium-powered dashboard that gives Terminal users hourly data on stablecoin supply, issuance, transfers and activity across blockchain networks. The product brings onchain stablecoin metrics directly into the Terminal, the financial data platform used by institutional traders and analysts.

TREE NEWS update: The CFTC has sent the White House two rule proposals that would define event contracts as “swaps” while excluding “casino-style gambling products,” a bid to cement the agency’s exclusive jurisdiction over prediction markets. The move comes as states sue prediction-market operators over gambling claims.

TREE NEWS update: Chainlink unveiled Fulcrum, a cross-chain system for institutional repo financing, and demonstrated the financing workflow with DTCC at Sibos. The company said integrations with financing venues are still under way. The announcement covers the platform’s launch and the DTCC demonstration, with no timeline given for completing venue integrations.

TREE NEWS update: DogeOS launched a public testnet for its zero-knowledge rollup that brings EVM smart contracts to Dogecoin, with DOGE used to pay gas fees. The testnet marks the first public release of the project’s ZK-based scaling layer for the Dogecoin network.

TREE NEWS update: Republican members of the US Senate have formally introduced a cryptocurrency tax bill. The legislation was put forward by Senate Republicans, marking an official move to set tax rules for digital assets. No further details on the bill’s provisions were disclosed.

TREE NEWS update: Open USD has launched as Stripe’s default stablecoin, with Mastercard’s route running through BVNK. Visa is offering limited beta access, and Coinbase is scheduled to follow on Oct. 1.

TREE NEWS reports: The White House is weighing two proposed rules from the CFTC tied to prediction markets, as the agency moves to assert its jurisdiction over the sector. The review comes amid a growing power struggle over which regulator oversees event contracts. No decision or timeline was disclosed.

TREE NEWS reports: Bitcoin briefly rose to $85,600 on Wednesday after US August PCE inflation data came in below expectations, then fell back to $84,350. In the four hours following the data release, derivatives markets liquidated $55 million in short positions and $27 million in long positions.

TREE NEWS reports: Aave V4’s total value locked rose 82% in September, with the Arc deployment reaching $181 million, while active loans across DefiLlama-tracked markets climbed 76%. Despite the growth, V4 generated only 2% of Aave’s trailing 30-day protocol revenue.

TREE NEWS reports: Bitcoin ETFs took in $66 million on Tuesday, matching August’s nine-day run of consecutive daily inflows and surpassing it in total dollars. The streak now stands at nine sessions, leaving open the question of how long it can stay alive.

TREE NEWS update: Brazil’s Petrobras has developed two Cardano-based applications to track sustainability claims tied to aviation fuel and renewable diesel, part of an ongoing research collaboration. The state oil company said the tools are designed to verify the environmental attributes of the fuels. The work extends Petrobras’ research into blockchain for supply-chain traceability.

TREE NEWS reports: Prediction market platform Kalshi is in advanced talks to raise about $1 billion at a valuation of roughly $40 billion, led by Sequoia Capital and Wellington Management, with Tiger Global Management and Dragoneer Investment Group possibly participating. The round follows Kalshi’s $1 billion Series F in May, which valued the company at $22 billion.

TREE NEWS update: The CFTC sent a proposed rule and a companion interim final rule to the Office of Management and Budget on Sept. 28 that would define event contracts as swaps. The move came days after an appeals court ruled that Kalshi had not shown its sports contracts were swaps.

TREE NEWS update: Open Standard’s dollar stablecoin, Open USD, went live Wednesday on Ethereum, Solana, Base and Tempo, issued by Stripe’s Bridge. Stripe, Visa and Mastercard are opening the stablecoin to businesses, with Coinbase access beginning Oct. 1.

TREE NEWS update: Decrypt and MYR have launched The Information Exchange on Solana, a connected media ecosystem in which Decrypt serves as the destination, Myriad as the infrastructure and MYR as the token. The three-part structure ties a media outlet, its underlying rails and a dedicated token into a single Solana-based system.

TREE NEWS update: Bitget CEO Gracy Chen said the exchange’s protection fund, created in 2022, has reached $309 million and “absorbed the financial impact of the incident” that resulted in $388 million in user losses. Chen said the platform is “gradually back to usual” following the incident.