Flash News

TREE NEWS update: The Trump administration’s executive order to establish a new AI regulatory agency has stalled amid internal disputes and tech industry opposition. Concerns over overregulation weakening US competitiveness in global AI have delayed the signing. The uncertainty highlights the policy tug-of-war between innovation and AI safety.

TREE NEWS reports: The UK’s tax authority, HMRC, has reported that 240 individuals became cryptocurrency millionaires in 2025. This data highlights the growing wealth generated within the crypto sector and its increasing significance in the UK’s financial landscape.

TREE NEWS reports: UK tax data reveals 17,600 people declared $1.9B in crypto gains for 2024-25, with 240 individuals each reporting over $1.4M. The figures highlight the growing wealth generated from crypto in the country.

TREE NEWS reports: Fidelity is reportedly beginning to sell its customers’ order flow, generating an additional $10 million in monthly revenue. This move marks a significant shift in the brokerage’s business model, potentially impacting execution quality and market dynamics.

TREE NEWS update: HMRC revealed that 240 UK taxpayers declared cryptocurrency gains exceeding £1 million, highlighting the growing scale of crypto wealth in the country. The data underscores the increasing tax scrutiny on digital asset holders.

TREE NEWS update: Popular streamer Du Shi revealed he was scammed out of tens of millions of RMB by Sun Zeyu, founder of Genesis Capital, who allegedly provided fake ETH on a private fork chain to deceive him. The scam, lasting eight years, involved a chain with only seven addresses, six controlled by Sun. Du Shi’s case highlights the risks of entrusting crypto assets to others, and legal action is pending.

TREE NEWS reports: Flock CEO Garrett Langley urged Americans to compromise on privacy, asserting that 99.9% of police are good actors. This comes after a report identified at least 69 officials accused of misusing license plate readers, sparking backlash over surveillance concerns.

TREE NEWS update: Hyperliquid’s policy arm has formally submitted a letter to the CFTC, advocating for perpetual futures to become a key focus of US derivatives innovation. The move signals a push for regulatory clarity and growth in the crypto derivatives sector.

TREE NEWS reports: The Bank of England has been handed a new legal duty to support stablecoin innovation, as part of a bill due before the House of Lords in September, while maintaining financial stability as its primary objective. This move signals the UK’s intent to become a hub for digital asset innovation.

TREE NEWS reports: The SEC has sent a new proposal to the White House to revise adviser custody rules for crypto, marking a deregulatory shift from its 2023 attempt that would have restricted client crypto to qualified custodians. This move revives a contentious issue the SEC previously lost.

TREE NEWS update: South Korean crypto exchange Bithumb won first-instance rulings in two lawsuits seeking proceeds from users who sold Bitcoin mistakenly credited during a $40 billion error. The court decisions favor the exchange in recovering funds from the erroneous credits.

TREE NEWS update: US authorities are investigating Singapore-based Apex Logistics for allegedly smuggling Nvidia AI chips, potentially violating export controls. The probe highlights growing scrutiny of supply chains for advanced semiconductors amid US-China tech tensions.

TREE NEWS reports: Bithumb has won a first-instance court ruling in a lawsuit over mistakenly sent Bitcoin. The decision marks a legal precedent for exchange liability in such cases.

TREE NEWS reports: South Korean crypto exchange Bithumb won the first lawsuit in its recovery of mistakenly sent bitcoins, with a court ordering a user to return about 194 million won ($145,000). The incident occurred in February when Bithumb erroneously distributed 620,000 BTC (worth ~$5B), and the exchange has recovered 99% so far. This is the first of four lawsuits against users who haven’t returned funds.

TREE NEWS update: The U.S. CFTC issued a warning about cryptocurrency ATM scams, noting that losses exceeded $388 million in 2025. The agency highlighted the growing threat to consumers and urged vigilance.

TREE NEWS update: Shanghai police have cracked a massive underground bank that used cryptocurrencies for cross-border currency exchange, involving over 20 billion yuan (~$2.8 billion). The operation highlights ongoing regulatory crackdowns on crypto-related financial crimes in China.