TREE NEWS reports: The crypto industry lost $1.18 billion across 107 security incidents in the third quarter, up 55% quarter over quarter. About $906.8 million of the losses involved compromised vendor or developer tools, unpatched known vulnerabilities, and components outside the scope of the latest audits. The largest incident was the attack on Bitget, with losses of at least $352 million after attackers exploited a third-party security product to reach withdrawal infrastructure.
TREE NEWS update: Cysic halted its crypto bridge after an unauthorized mint of 10 million CYS tokens, the project said. The incident was confined to bridge message processing and minting, and did not affect the mainnet or other operational systems, Cysic said. The bridge remains halted while the project addresses the unauthorized issuance.
TREE NEWS reports: Circle paid $819 million to USDC distribution partners and transaction costs in the first half of 2026, out of about $1.4 billion in revenue, Chief Business Officer Kash Razzaghi said, leaving roughly 7 cents of net profit per dollar earned. USDC settled over $36 trillion in on-chain transactions in the period and carried about 77% of global stablecoin transaction volume in June, up from 60% a year earlier. Circle spent about $473 million on licences, banking relationships, liquidity and infrastructure.
TREE NEWS update: Hyperliquid Labs co-founder Jeff Yan is lobbying for US rules that would protect its blockchain and place regulatory responsibility on the financial institutions running markets on top of it, rather than on the network itself. Yan said the split would let Hyperliquid work with Wall Street without carrying the full compliance burden of a traditional exchange. Hyperliquid is not yet open to US customers and aims to be trading infrastructure for traditional firms, akin to AWS.
TREE NEWS reports: A whale address 0x204 withdrew approximately $2.34 million worth of Arbitrum (ARB) and Uniswap (UNI) tokens from Bybit over two hours, on-chain data from Arkham shows. The move came in the same week that Arbitrum unlocked more than 90 million ARB tokens. Despite the continued token unlock pressure, ARB’s price has risen sharply and held near recent highs over the past month.
TREE NEWS reports: On-chain investigator Specter shared a post on X flagging InfoFi project BILL as a suspected scam, with the Billion (BILL) token down about 97% from its all-time high. Over the past two months, 17 wallets that received tokens from team-linked wallets deposited roughly 988 million BILL to Bybit, and a separate deposit address sent another 360 million BILL this week, all originating from the project team’s multisig wallet. Total inflows to Bybit over two months reached about 1.35 billion BILL, roughly 13.6% of total supply and an estimated $15 million; the team had previously raised $30 million from venture investors.
TREE NEWS reports: Trader solanadoomer has become the fourth-largest holder of long positions in ZEC, as the token fell more than 24% over the past month. The trader holds a 10x leveraged ZEC long of 10,000 tokens worth $11.36 million, opened at $1,146.86 and currently showing an unrealized loss of $85,000, alongside a 25x leveraged ETH long of 2,000 tokens worth $4.82 million, opened at $2,376.18 with an unrealized gain of $68,000.
TREE NEWS reports: Papertrade, a synthetic perpetuals platform on HyperEVM, recorded $42.24 million in protocol revenue over the past seven days, ranking third across all protocols behind only Tether and Circle, DefiLlama data show. The figure exceeds Pump.fun’s $16.06 million and Hyperliquid’s $14.56 million. The platform ties token issuance to traders’ realized losses: one trader generated $2.84 billion in notional volume and lost about $1.71 million, offset partly by $1.07 million in USDC staking rewards, for a net cash loss of roughly $637,000.
TREE NEWS update: Polygon Labs has completed its acquisition of Coinme, moving into the payments market through stablecoin infrastructure. The deal was disclosed alongside Circle’s plan to expand into roughly 40 emerging markets across Southeast Asia, Latin America, Africa and the Middle East. Coinbase is also advancing crypto-collateralized lending, with $2.3 billion in outstanding balances, and on-chain bank deposits. Deutsche Bank plans an institutional crypto custody offering, initially for professional clients in Germany.
TREE NEWS update: Variational told users in its official Discord that a wallet-connection update will log every user out during a maintenance window expected at 3:00 a.m. on Friday, Oct 23, 2026, requiring them to sign in again through a new flow to view positions and resume trading. The community speculates the update will introduce a trading API, given Variational’s previously flagged development cadence and its Friday points-distribution schedule.
TREE NEWS update: pump.fun has launched perpetual futures trading on its frontend through Hyperliquid’s Builder Code mechanism, charging a builder fee of up to 0.10% of the notional value on every order users submit, including open, add and close orders. The platform also charges up to 0.25% on each transfer of assets into or out of Hyperliquid via its in-app cross-chain bridge, on top of the bridge operator’s own fee.
TREE NEWS reports: A single whale is holding a 1,360 BTC long position worth $110 million, on-chain analyst Yu Jin tracked. The position carries a liquidation price of $80,034, and the trader has set a market stop-loss at $80,500, just above that level. The stop sits roughly $466 above liquidation, meaning the position would be closed before forced liquidation.
TREE NEWS reports: A whale that had opened a $187 million long position at maximum leverage saw 4,890 ETH of that position liquidated at $2,356 during a price drop at 5 a.m. today, with the liquidated position valued at $11.74 million. That price marked ETH’s lowest point in the early-morning decline and may have been driven by the liquidation itself, on-chain analyst Yu Jin monitored.
TREE NEWS update: Injective has activated fixed gas costs for exchange transactions, allowing traders and app developers to use published gas budgets for orders, cancellations, deposits and withdrawals instead of simulating each transaction. The change is live on the network as of the announcement.
TREE NEWS reports: Crypto futures liquidations across exchanges totaled $214 million over the past 24 hours, with long positions accounting for $153 million and shorts $61.33 million, CoinGlass data shows. Bitcoin liquidations reached $37.49 million and Ether $33.40 million. The largest single liquidation was a $5.10 million HYPERLIQUID-BTC-USD order.
TREE NEWS reports: Hyperliquid’s STRK perpetual contract traded at $0.0665, down about 13% from the prior day’s reference price, leaving two whale long positions deep in the red. The largest STRK long, holding roughly 64.2 million STRK worth about $4.25 million on 5x cross margin, is sitting on an unrealized loss of about $1.019 million, a return of roughly -96%. A second address was liquidated on about 21.36 million STRK worth $1.466 million, realizing a loss of about $207,000, then reopened a roughly 4.79 million STRK long valued at about $319,000 on 5x isolated margin with a liquidation price near $0.059.
TREE NEWS update: An attacker exploited UNCX Network’s Smart Token Vesting V2 on Oct. 14, using a set of public vesting operations to create a mismatch between pool token balances and recorded shares, allowing controlled positions to withdraw excess tokens. The exploit hit Ethereum, BNB Chain, Base and Robinhood across 10 tokens in 11 confirmed withdrawal transactions, with verified economic value of about $807,600, of which BNB Chain accounted for roughly $567,500. None of the calls used admin privileges, and white hats have since returned 82.1435 million X tokens and 23.8682 ETH.
TREE NEWS update: BitTorrent burned 21,621,611,570,729.6 BTT, worth about $7,600,907, on Oct. 16, completing the first buyback-and-burn round funded entirely by third-quarter decentralized business revenue. The next day it published a new whitepaper setting out a three-part architecture: the BitTorrent main network, the BTTInferGrid decentralized compute layer and the BTTC cross-chain settlement network, all unified by the BTT token.
TREE NEWS reports: Uniswap’s UNI token is in a distribution phase as exchange inflows reach their highest level this year, with Binance UNI inflows peaking and Z-scores exceeding 4 multiple times in late September, including single-day inflows above $40 million, analyst Darkfost said. UNI’s TVL hit a yearly high above $4 billion in September and DEX volume peaked at $93.6 billion, with the price up as much as 370% from its June low. If inflows keep declining, UNI may bottom out and end its over-30% correction from the recent high of $10.9.
TREE NEWS reports: Circle issued about $10.9 billion in USDC and redeemed about $11.4 billion in the seven days through Oct. 15, shrinking circulating supply by roughly 500 million tokens. Total USDC in circulation stood at 72.5 billion, backed by about $72.7 billion in reserves, including $35.6 billion in overnight reverse Treasury repo, $25.8 billion in Treasuries maturing in under three months, $10.6 billion in deposits at systemically important institutions and $600 million in other bank deposits.