Flash News

TREE NEWS reports: Core PCE rose just 0.2% in August, easing pressure for an October Federal Reserve rate hike. Bitcoin traded near $83,700 as rising Treasury yields capped gains. The softer inflation print reduced expectations of further tightening, though higher bond yields continued to limit upside for the largest cryptocurrency.

TREE NEWS update: USD.AI said its USDai and sUSDai assets have expanded to Solana through LayerZero’s OFT standard, letting them move across supported networks as a unified asset. Besides Solana, the two assets are supported on Arbitrum, Ethereum, Plasma and Base. Cumulative cross-chain transfers via the OFT standard have now exceeded $2 billion, LayerZero said.

TREE NEWS update: Caroline Pham said at Korea Blockchain Week that the SEC and CFTC already hold the authority needed to write clear digital asset rules. She argued the agencies can find the regulatory basis by taking the time to review their existing mandates. Pham is a sitting CFTC commissioner.

TREE NEWS reports: Bitcoin climbed after the Federal Reserve’s preferred inflation measure came in cooler than expected, prompting traders to cut rate-hike odds. The move came as bond yields reached 20-year highs, with the cooler PCE reading giving crypto traders a reason to buy.

TREE NEWS reports: Coinbase is denying allegations that it concealed a series of hacks, after a trader filed a $1.2 million complaint and the exchange’s Cobie issued a public reply. BlockTower’s founder also made unproven claims about the incidents, putting Coinbase’s customer support under scrutiny. The exchange says it did not hide the hacks.

TREE NEWS update: Brazil’s state-controlled energy giant Petrobras has built two blockchain tools with the Cardano Foundation and PUC-Rio to make data on its sustainable aviation fuel and renewable diesel auditable. The tools are designed to verify the green claims attached to the fuels, the companies said. No financial terms or launch date were disclosed.

TREE NEWS update: The UK’s Financial Conduct Authority has opened crypto license applications, requiring firms that want to keep serving UK customers under the new regime starting October 2027 to win its approval. Existing firms face a February 28 deadline to apply, and the regulator said authorization will not be automatic.

TREE NEWS reports: Crypto futures liquidations across all exchanges totaled $277 million over the past 24 hours, with long positions accounting for $142 million and short positions $136 million, CoinGlass data shows. Bitcoin liquidations reached $91.26 million and Ether $56.71 million. The single largest liquidation, worth $6.9154 million, occurred on HTX’s BTC-USDT pair.

TREE NEWS update: Hyperliquid Labs plans to unstake about $320 million worth of HYPE today as part of its monthly team token unlock, with the tokens to be sold to an institution via over-the-counter (OTC) trade. The unstaking and OTC sale cover the project’s monthly team allocation.

TREE NEWS update: Former UK National Crime Agency officer Paul Chowles has been ordered to repay $2.4 million for 50 bitcoin he stole from a Silk Road 2.0 seizure in 2017, when the coins were worth about $77,000. Prosecutors now value the theft at more than 30 times that amount.

TREE NEWS update: The CFTC has submitted two regulatory proposals to the White House Office of Information and Regulatory Affairs. One proposed rule would explicitly classify event contracts as swaps and proceed to public comment; a separate interim final rule would exclude casino-style gaming products from the swap definition and take effect upon administrative approval. The move responds to rulings by the Sixth and Ninth Circuit Courts of Appeals, with the Supreme Court having accepted three appeals on the swap definition.

TREE NEWS update: Ostium’s recovery plan will fully repay 3,321 wallets that lost $1,000 or less when the claims portal opens Wednesday. The remaining 345 wallets, which account for at least 86% of the $23.8 million total loss, must choose between a $1,000 payment and a pro-rata claim on funds Ostium has not yet recovered.

TREE NEWS update: Coinbase CEO Brian Armstrong said the exchange is building financial accounts for “superintelligence,” covering trading, payments and lending. He said such accounts could help users manage wealth and personal finances, and let teams of AI agents hold their own accounts to complete more tasks on users’ behalf. Armstrong did not disclose a launch timeline or specific product features.

TREE NEWS update: Abracadabra is winding down its MIM stablecoin, with a Snapshot vote closing Wednesday to liquidate most of the lending protocol’s remaining collateral into ether after the team found about $21 million of bad debt. Holders are being offered roughly 4 cents per token.

TREE NEWS reports: Hyperliquid co-founder Jeff Yan said at Korea Blockchain Week that round-the-clock trading is not what distinguishes onchain venues from traditional exchanges. In a fireside chat, Yan argued crypto never needed conventional market hours because the asset class is inherently international, and that traditional exchanges have moved toward longer hours themselves. He did not name the feature he considers the real differentiator.

TREE NEWS reports: THORChain will not, or cannot, block addresses linked to the $387.5 million Bitget hack. Whether the protocol’s developers could face money-laundering prosecution over the stolen funds is complicated, Brisov said, leaving the legal exposure of the decentralized exchange unresolved.