Flash News

TREE NEWS reports: A trader identified as 0x9c6 opened a $57.5 million long SOL position on Hyperliquid at $80.86 with 20x leverage, and the position now carries roughly $13 million in unrealized profit at SOL’s current price of $104.43. The long was established a month ago and has not been closed. The trader’s Hyperliquid account equity stands at about $24.2 million.

TREE NEWS reports: Trader 0xC7Fd opened a 2x leveraged long position in 20.5 million AGT tokens, worth $1.63 million, on Aster. The position now carries an unrealized profit of more than $1.26 million, a 155% return.

TREE NEWS update: StandX, a decentralized perpetual futures platform, has announced it is ceasing operations and canceling its planned platform token issuance. The platform will distribute a one-time airdrop in DUSD to its users. The closure comes as the Perp DEX sector enters a shakeout phase, with subsidies raising customer acquisition costs and airdrops failing to generate sustained trading demand.

TREE NEWS reports: Circle generated roughly $1.4 billion in USDC revenue in the first half of 2026, with 59% of that going to partner distributions and transaction costs. Lighter said it will soon launch options products, without giving a date. Former Mt. Gox CEO Mark Karpeles said Ledger received warnings about hardware wallet tampering as early as December 2025 and did not adequately alert users.

TREE NEWS update: Marqeta is expanding its partnership with Coinbase to offer corporate payment cards backed by clients’ stablecoin holdings. Coinbase handles stablecoin custody and crypto-to-fiat conversion, Marqeta issues cards and processes payments, and Coinbase’s Base blockchain provides on-chain settlement. The service targets Marqeta’s enterprise clients across crypto and traditional sectors, letting cardholders spend stablecoins at millions of merchants worldwide and top up card programs around the clock. Fees, launch date and supported stablecoins were not disclosed.

TREE NEWS reports: Stablecoin-based cross-border business payments cost 84% less than traditional transfers.xyz data. The figures show stablecoin transfers also settle faster than traditional international bank wires. The savings apply to cross-border business payments specifically.

TREE NEWS update: Coinbase will power stablecoin-backed card programs for Marqeta’s customers under an expanded partnership between the two companies. The deal builds on Marqeta’s prior work powering Coinbase’s U.S. debit card offering in 2020. No financial terms or launch date were disclosed.

TREE NEWS update: Circle said 59 cents of every dollar of first-half 2026 revenue went to USDC distribution partners and transaction costs, with 34 cents spent on licenses, banking and other infrastructure, leaving 7 cents of net profit per revenue dollar. The stablecoin issuer disclosed the breakdown in a post responding to unnamed new stablecoin issuers.

TREE NEWS reports: NEAR Intents published a postmortem attributing a $3.8 million exploit to a deposit bug, and said all affected users have been made whole. The protocol also removed deposit notifications after a separate critical bug report.

TREE NEWS reports: Crypto futures liquidations across exchanges totaled $234 million over the past 24 hours, split nearly evenly between $118 million in long positions and $116 million in shorts, CoinGlass data show. BTC liquidations reached $57.42 million and ETH $62.68 million. The largest single liquidation was a $7.43 million ETHUSDT order on Binance.

TREE NEWS update: Lighter launched the Lighter EVM devnet, an EVM-equivalent Rollup built in partnership with Axiom and powered by OpenVM, running in parallel with Lighter Core. The two are designed to settle jointly to Ethereum via a single ZK proof. Developers can deploy contracts using Foundry, Hardhat, Viem and Ethers, read Lighter Core account, balance, position, order and market data, place, modify and cancel orders via smart contracts, and move assets between the devnet L1, Lighter Core and Lighter EVM. Access is being rolled out in batches, with all developers to be opened in the coming weeks.

TREE NEWS update: Circle disclosed that about $1.4 billion in USDC revenue was generated in the first half of 2026, with $819 million paid out to partners and transaction costs and $473 million reinvested. The breakdown details how the stablecoin issuer splits the economics of its dollar-backed token.

TREE NEWS update: Coinbase and Marqeta are expanding their partnership to build enterprise stablecoin card programs that let businesses fund card programs around the clock. Coinbase will hold the balances, while Base, Coinbase’s onchain network, provides the settlement infrastructure for the planned offering. No launch date or pricing details were disclosed.

TREE NEWS update: Filecoin is planning to shift block rewards toward paid storage under FIP-0118. The proposal reduces the consensus share of each block reward from 95% toward a 50% floor over roughly nine quarters, with any unearned service share burned. The change would tie a growing portion of rewards to storage services actually paid for on the network.

TREE NEWS update: Perpetual futures DEX Lighter said “Options season. Coming soon” in a post accompanied by a 14-second teaser video, signaling plans to launch an options trading product. The platform has not disclosed a launch date, the types of options it will offer, or the product’s mechanics.

TREE NEWS reports: DeFi total value locked fell by $1.34 billion this week to $122.25 billion, while stablecoin supply dropped by $1.35 billion over the same period. Sentora noted the two declines were nearly identical, indicating capital is flowing out of on-chain markets.

TREE NEWS reports: Circle disclosed that USDC on-chain settlement volume topped $36 trillion in the first half of 2026, with minting and redemptions exceeding $315 billion, or about $1.7 billion per day. USDC’s share of global stablecoin transaction volume rose to roughly 77% as of June from 60% a year earlier. Circle booked about $1.4 billion in H1 revenue, of which $819 million, or 59%, went to USDC distribution partners and transaction costs, while $473 million, about 34%, funded infrastructure.

TREE NEWS update: Circle minted 250 million USDC on Solana at 20:21 Beijing time, adding to the stablecoin issuer’s supply on the network. The new issuance brings the total minted on Solana higher, with the transaction confirmed on-chain. USDC remains one of the largest dollar-pegged stablecoins by circulating supply.

TREE NEWS reports: TREE NEWS reports: Polymarket traders now put 80% odds on Papertrade’s fully diluted valuation exceeding $100 million one day after its token launch, a 27% rise in 24 hours. The market resolves Yes only if Papertrade issues an official token after the market’s creation; stablecoins, memecoins, liquid staking tokens and synthetic tokens are excluded. FDV is total supply times token price, measured at 4 p.m. ET the day after listing. If no token is issued by Dec. 31, 2027, the market resolves No.

TREE NEWS update: Hyperliquid Labs co-founder and CEO Jeff Yan said the platform is a blockchain protocol rather than an exchange, describing its goal as hosting all finance in an interview aired October 15, 2026. He detailed the 500,000 HYPE staking requirement for market deployers, a 31-hour Dutch auction for deployment slots, and a hard 1% cap on oracle price moves. Yan said US users accessing derivatives via VPN violate the terms of service.