Flash News

TREE NEWS reports: Bitcoin’s surge above $79,000 boosted crypto-related stocks, with miners and treasury companies like Canaan, Strive, and Metaplanet posting double-digit gains. The rally reflects renewed investor optimism in the crypto market.

TREE NEWS reports: A new report from HPC argues that perpetual contracts serve as a complement to expiring futures, offering lower-cost risk transfer rather than a substitute. The analysis highlights the distinct roles both instruments play in the derivatives market.

TREE NEWS update: Hardware wallet maker Trezor has integrated HyperEVM network support, enabling users to manage HYPE and other HyperEVM assets while keeping private keys offline. Each transaction can be verified on the device, enhancing security.

TREE NEWS update: The CEO of STS Digital, a crypto trading firm, stated that while crypto prices remain in a bear market (‘winter’), institutional adoption has reached a peak (‘summer’). This suggests a divergence between market sentiment and underlying adoption trends.

TREE NEWS reports: A major whale has pre-defined 10 large profit targets, currently sitting on about 70 million in profits. Due to the rapid price surge, the whale failed to re-enter long positions in time.

TREE NEWS update: Tether has burned 2 billion USDT on the Ethereum blockchain, reducing the token’s supply. This move is part of Tether’s ongoing supply management and may impact liquidity in the crypto market.

TREE NEWS reports: Iran’s Foreign Minister Seyed Abbas Araghchi stated that past US sanctions and pressure campaigns against Iran have all failed, and the latest US economic pressure will also be ‘doomed to fail’. He criticized the US for repeating the same policies with no substantial change.

TREE NEWS reports: Illuvium team has reduced salaries again to extend runway, with treasury funds supporting over 12 months of operations. The move reflects ongoing cost-cutting measures amid market conditions.

TREE NEWS update: Bitcoin rallied as Treasury bond buybacks fueled the ‘not-QE’ trade, while Metaplanet expanded to the US and Cypherpunk made a $33 million Zcash mining bet.

TREE NEWS update: Sources indicate that the upcoming US-Canada trade agreement will introduce steel quotas and a lower tariff of 25%. This development follows ongoing negotiations between the two countries.

TREE NEWS update: XRP has closed above both its key moving averages for the first time since a bearish crossover formed in August, erasing its most bearish technical signal. This bullish development has caused the Ripple-linked coin to surge, indicating a potential trend reversal.

TREE NEWS reports: Solana Company has publicly supported the Solana constitution proposal while opposing any current adjustments to inflation and fee mechanisms. The firm argues that altering these parameters at this stage could undermine network stability and long-term growth.

TREE NEWS update: Bitcoin’s price has surged past $79,000, approaching $80,000, fueled by positive regulatory news and a US buyback pledge. The rally reflects growing optimism in the crypto market.

TREE NEWS update: Fundstrat’s Tom Lee suggests that Bitcoin’s entire gains come from its best 10 trading days, and this week is one of them. He implies that staying invested is crucial to capture these rare but significant moves.

TREE NEWS reports: Circle has announced September 16 as the launch date for its Arc public mainnet, with 11 founding validators named and approximately 20 validators expected at launch. This marks a significant step in Circle’s blockchain infrastructure development.

TREE NEWS update: Tesla’s stock price expanded by 5% during intraday trading. The move comes amid broader market optimism and investor interest in tech stocks.

TREE NEWS update: Illuvium co-founder Kieran Warwick announced that the team has taken wage cuts to extend the Ethereum game studio’s runway beyond 12 months. The remaining team will focus almost entirely on the Overworld MMO.

TREE NEWS reports: CFTC Chairman stated the agency will defend its exclusive regulatory authority over prediction markets and establish rules for them. This move aims to clarify the legal framework for such markets, which have grown in popularity.