Flash News

TREE NEWS reports: Bitcoin surged 7.9% in a day to around $77,000, triggering a short squeeze that liquidated $1.21 billion in bearish bets. The rally came amid a wave of favorable news from Washington, boosting market sentiment.

TREE NEWS update: Tom Lee, co-founder of Fundstrat, stated that BitMine stocks have an 80% correlation with Ethereum, and he expects ETH to outperform BTC in this cycle. He also noted that the approval of a spot Ethereum ETF could be a significant catalyst for ETH’s price.

TREE NEWS update: Bitmine has emerged as the US-listed company with the highest price sensitivity to Ethereum, exceeding Coinbase’s correlation. This shift highlights the growing influence of crypto-mining and treasury strategies on traditional equity markets.

TREE NEWS reports: Coinbase CEO Brian Armstrong announced that the CLARITY Act is expected to receive 60 votes in the Senate by September 15, signaling a significant step forward for crypto regulatory clarity in the US. The legislation aims to provide clear rules for digital assets, potentially boosting institutional adoption and market stability.

TREE NEWS update: Citadel founder Ken Griffin published an investor letter discussing ‘Situational Awareness,’ likely addressing geopolitical and market risks. The letter offers insights into his macroeconomic outlook and its implications for investors.

TREE NEWS reports: The August 19 price surge was the only short squeeze among the top 10 liquidation events in crypto history, liquidating $2.739 billion in short positions. This marked a significant market event, highlighting the volatility and leverage in the crypto market.

TREE NEWS reports: CFTC Chairman stated that if Congress continues to shelve the Clarity Act, the agency will push forward with its own framework for regulating crypto markets. This indicates proactive regulatory steps amid legislative gridlock.

TREE NEWS update: A whale that opened long positions on Bitcoin and Ethereum about 1.5 months ago is currently sitting on unrealized profits of roughly $21.1 million. The trades highlight bullish sentiment among large holders in the crypto market.

TREE NEWS update: A judge ruled that Justin Sun’s individual claims against World Liberty will proceed in open court, while corporate plaintiffs’ claims must go to arbitration. As of Thursday afternoon, no written order had been filed.

TREE NEWS update: Tom Lee, co-founder of Fundstrat, stated that he prefers Robinhood over Kalshi because the regulatory issues surrounding prediction markets are complex. He believes Robinhood’s broader platform and clearer regulatory path make it a more attractive investment. This highlights the challenges facing prediction market operators in the U.S.

TREE NEWS update: The CFTC has indicated it will step in to offer regulatory clarity for cryptocurrencies if Congress fails to act. Meanwhile, Bitcoin approaches $80k and altcoins like Pump and ZEC surge.

TREE NEWS reports: Aave V4’s deposit volume has exceeded $600 million, reaching a new all-time high. This milestone highlights the growing adoption of the latest version of the Aave protocol.

TREE NEWS reports: The US Internal Revenue Service (IRS) has issued a warning about a novel cryptocurrency phishing attack that uses fraudulent letters containing QR codes to steal wallet private keys. Taxpayers are advised to be cautious of unsolicited correspondence and verify the authenticity of any IRS communication.

TREE NEWS update: Data shows that Circle and Tether have minted $3 billion worth of stablecoins over the past two days. This significant issuance may signal increased demand for crypto liquidity.

TREE NEWS update: BlackRock has purchased 11,100 BTC and 132,800 ETH over the past two days, according to on-chain data. This significant accumulation reflects growing institutional interest in cryptocurrencies. The move comes amid a broader trend of traditional financial giants entering the digital asset space.

TREE NEWS update: Hyperliquid announced that AQAv2 will launch on August 26, expected to generate $135-160 million annually for HYPE token buybacks. This move aims to enhance the platform’s tokenomics and support the HYPE price.

TREE NEWS reports: VanEck attributes Bitcoin’s recent surge to growing concerns over fiscal dominance, where government debt and spending undermine currency trust. The asset manager suggests that investors are increasingly viewing Bitcoin as a hedge against fiscal irresponsibility and potential monetary debasement.

TREE NEWS reports: Tether Treasury has minted an additional 1 billion USDT tokens on the blockchain. This issuance increases the circulating supply of the stablecoin, which is often used as liquidity in crypto markets. The move is part of Tether’s routine operations to meet market demand.