Flash News

TREE NEWS reports: A growing number of institutions are exploring stablecoins, but the sector’s expansion hinges on regulated infrastructure they can trust. The report highlights that banks are essential to provide the necessary regulatory compliance and trust. Without bank involvement, stablecoin adoption may face bottlenecks in scalability and institutional acceptance.

TREE NEWS update: Chilean crypto exchange Orionx has ceased operations and suspended withdrawals after a forensic audit revealed over $7 million in custodial assets were transferred to wallets outside its control. The exchange accused co-founders Joaquín Díaz and Roberto Zibert, along with other former employees, of involvement in transactions between 2018 and 2021, and filed a complaint with Chilean prosecutors. The CMF noted Orionx was not authorized to offer crypto services under the Fintech Law. Orionx said it cannot guarantee full recovery of user funds.

TREE NEWS update: El Salvador’s President Nayib Bukele has refuted a Spanish newspaper report claiming the country transferred control of its Bitcoin reserves, calling it ‘fake news.’ The report alleged over 7,763 BTC were moved to private operators. Bukele said the claim is ‘completely false,’ noting an IMF statement referred to a stake transfer in Chivo wallet, not the strategic reserve. He accused the media of lying to readers.

TREE NEWS update: Polish lawmakers failed to overturn a presidential veto of crypto legislation, keeping the bill blocked. The decision came as the Zondacrypto investigation expands and its Estonian operator enters bankruptcy, deepening the scandal.

TREE NEWS update: Kalshi CEO Tarek Mansour said the CFTC will issue new rules under Rule 40.11 within weeks or months, as New Jersey asks the Supreme Court to decide whether states can regulate sports betting on CFTC-registered exchanges. The Third and Ninth Circuits have split on the issue. Kalshi has 30 days to respond to New Jersey’s September 2 petition, after which the state may reply within 10 days.

TREE NEWS update: A US federal judge on September 4 rejected a temporary restraining order sought by three Stars and Stripes journalists, allowing the Defense Department to proceed with their termination. Judge Trevor McFadden ruled that the plaintiffs had not shown their First Amendment rights were likely violated. The case involves publisher Max Lederer, editor Eric Slavin, and Middle East correspondent Lara Corte.

TREE NEWS update: A US judge on September 4 extended an injunction against the government’s new mail-in voting regulations. The move follows a temporary restraining order issued by Boston federal Judge Indira Talwani on August 27, which paused the US Postal Service from implementing the rules. The government appealed on August 28.

TREE NEWS update: Meta has been sued over its smart glasses’ collection of biometric data. The lawsuit alleges that the company gathered facial and other biometric information without proper consent. This legal action adds to Meta’s ongoing privacy challenges, potentially impacting its smart glasses business.

TREE NEWS update: A Delaware federal judge ruled Thursday that X Corp. can proceed with its trademark lawsuit against Operation Bluebird, rejecting the startup’s claim that X abandoned eight Twitter-related marks. X sued in December, alleging Bluebird aimed to ‘revive’ Twitter with an app using the same name, color scheme, and blue bird logo.

TREE NEWS update: The G7 is urging organizations to adopt post-quantum security measures before powerful quantum computers can compromise current encryption and digital signatures. The warning highlights the need for the crypto industry to prepare for quantum threats, as existing cryptographic standards may become vulnerable.

TREE NEWS reports: FinCEN reported that transnational criminal organizations based in Southeast Asia were largely behind digital asset scams targeting US residents, totaling $13 billion. The agency highlighted the role of compounds in the region in perpetrating these frauds.

TREE NEWS update: Robinhood is not backing down from AMC Entertainment over its stock tokens, with lawyers questioning AMC’s grounds for a securities-law challenge. However, they note that the tokens’ branding and marketing could leave room for a dispute. The brokerage appears ready to fight the legal battle.

TREE NEWS update: President Trump said his administration is working to bring Hyperliquid into the United States, raising questions about how the crypto platform could enter the market. The statement signals potential regulatory shifts but offers no specifics on the path forward.

TREE NEWS update: The National Sheriffs’ Association has shifted to a neutral stance on the CLARITY Act, retracting its earlier opposition over consumer protection concerns. The law enforcement group will now ‘step back and allow the legislative process to proceed,’ potentially easing a hurdle for the bill.

TREE NEWS reports: A new analysis by Cornell Tech Policy Institute estimates that exempting small digital asset purchases from capital gains tax could increase U.S. federal revenue by about $859 million over the next decade. Senator Cynthia Lummis’s S. 2207 bill would exempt qualifying purchases under $300, with an annual cap of $5,000. The study suggests each $100 qualifying payment could yield $3.18 in net federal income.

TREE NEWS update: Binance founder Changpeng Zhao met with Kazakhstan’s Deputy Prime Minister and Minister of Digital Development, Zhaslan Madiyev, on September 4, praising the country’s rapidly growing cryptocurrency industry. Madiyev, a former general manager of Binance Kazakhstan (2022-2024), has held his current ministerial role since May 2024 and was promoted to deputy PM in 2025-2026.

TREE NEWS update: U.S. Commerce Secretary Howard Lutnick disclosed income of at least $250 million in his latest annual ethics filing, mostly from his prior stake in Cantor Fitzgerald. The filing shows he resigned from Cantor and hundreds of entities in February, the month he was sworn into office.