Flash News

TREE NEWS update: Riot Platforms voluntarily repaid all outstanding principal and accrued interest on its $200 million credit facility with Coinbase Credit on Sept. 21, terminating the loan without prepayment penalties. The loan, fully drawn at a fixed 6.15% annual rate and originally maturing April 20, 2027, was secured by BTC, USDC and cash collateral, whose security interests were released on repayment.

TREE NEWS update: Fervo Energy said its Cape Station project in Beaver County, Utah reached First Power on Sept. 24, the first utility-scale enhanced geothermal milestone, sending shares up as much as 11% premarket before closing 2.20% higher. Google, Fervo’s offtaker and shareholder, also confirmed its Project Suncatcher test satellite carrying four self-developed TPU chips will launch Oct. 1; builder Planet Labs rose 7.57%.

TREE NEWS update: The 6th US Circuit Court of Appeals ruled against prediction market Kalshi, siding with Ohio and Tennessee on regulating sports-event contracts under state laws. The decision sets up a potential Supreme Court case over whether state gaming regulators or the federal CFTC have authority over such contracts.

TREE NEWS update: Michael Saylor published a policy paper on Sept. 26 calling for bitcoin to be treated as “digital capital,” with banks permitted to custody BTC under clear rules and lend against it as collateral, and insurers given a path to hold it on their balance sheets. He noted the Basel Accords apply a 1,250% risk weight to some crypto exposures, a constraint on digital assets.

TREE NEWS reports: The Bitget hacker has moved roughly $83 million in stolen XRP out of three holding addresses, leaving about $75 million of the originally stolen 103 million XRP across five initial receiving addresses. On-chain data shows two addresses that each originally held 20 million XRP were nearly emptied, holding about 23 and 55 XRP respectively as of 12:41 UTC Saturday, while a third address fell to about 5.8 million XRP.

TREE NEWS update: Binance has invested $100 million for a stake in Circle and signed a new five-year commercial agreement to integrate and promote USDC across its platform. Analysts say the deal will expand USDC’s reach in emerging markets and global crypto trading, adding competitive pressure on Tether’s USDT. Clear Street analyst Owen Lau compared the alignment to Circle’s dealer and shareholder relationship with Coinbase. Binance and Circle first partnered in December 2024.

TREE NEWS update: Ethereum co-founder Vitalik Buterin said PeerDAS has run stably for nearly a year with almost no issues, calling it an underrated achievement by Ethereum client developers. He said the complex upgrade is the first large-scale blockchain case of reaching consensus on data availability without any single node downloading the full block, enabling decentralized consensus without full data replication.

TREE NEWS reports: Galaxy Research said the CFTC’s new guidance this week on “mention markets” fails to address structural manipulation risk, because such contracts settle on a specific individual’s voluntary conduct. Unlike traditional event contracts such as whether the Fed raises rates at the next FOMC meeting, a mention market like whether Elon Musk says “bitcoin” on the next SpaceX earnings call depends on one person’s autonomous behavior, the firm said.

TREE NEWS update: Bitget’s CEO said the exchange has publicly disclosed and is tracking addresses tied to its attacker, and has formally asked THORChain to deny service to those addresses. Decentralization is a design principle and should not serve as a shield for handling known stolen funds, the CEO said, adding that the whole industry is watching.

TREE NEWS update: Kazakhstan is drafting rules to let crypto miners generate their own electricity from associated gas produced during oil extraction, the country’s Energy Ministry said, noting 40 to 60 oilfields currently flare the gas. About 300-340 million cubic meters of associated petroleum gas was flared in 2024, which could yield roughly 1.2 to 1.3 terawatt-hours of power. The AI and Digital Development Ministry said a legal framework is being prepared to govern the model.

TREE NEWS reports: Fidelity Investments global macro director Jurrien Timmer said in a post on X that Bitcoin’s power-law model indicates a new cyclical bull market is underway after the cryptocurrency held $60,000. Under that model, the projection puts Bitcoin at $300,000 by 2029.

TREE NEWS reports: Crypto analyst Darkfost said long-term holder (LTH) BTC exchange inflows have been steadily cooling and remain well below the annual average. LTH daily inflows topped five times the yearly average during the March 2024 market top, then stayed relatively quiet at the 2025 peak before rising in the bear market, with the annual average climbing from about 600 BTC to about 1,000 BTC. Near the bear-market bottom, some daily inflows far exceeded the yearly mean, matching increased loss-taking by earlier high-price buyers.

TREE NEWS update: Morgan Stanley withdrew more than 42.9 bitcoin, worth about $3.6 million, from a Coinbase Prime hot wallet through its spot bitcoin ETF MSBT today. The bank’s total bitcoin holdings now stand at 9,261 BTC, valued at roughly $779 million.

TREE NEWS reports: CryptoQuant analyst Julio Moreno said Bitcoin’s unrealized profit margin has risen to 33% after recent gains, the highest level since December 2024, while profit-taking reached 25,700 BTC, the most since the start of 2026. Moreno said these are typically signals that upward momentum is weakening and the market faces rising correction risk.

TREE NEWS reports: Crypto trader Ansem said in a post on X that airdrops remain one of the strongest catalysts for bringing users and trading activity back on-chain. Trading terminals saw heavy volume last cycle but many platforms have yet to reward users, he said, adding that rewarding early users builds loyalty and retains liquidity. Well-timed airdrops can drive significant on-chain activity, and he expects the strategy to return this cycle.

TREE NEWS reports: Solana’s SOL token dropped below 120 USDT and was trading at 119.95 USDT, with its 24-hour gain narrowing to 2.11%. The move marks a pullback from the token’s intraday high as the session’s advance was trimmed.

TREE NEWS update: SEC Commissioner Hester Peirce will leave the agency on Oct. 2, ending roughly eight years at the regulator. Known as “Crypto Mom,” Peirce also served as director of the SEC’s Crypto Task Force. Her departure removes one of the commission’s most vocal advocates for clearer digital-asset rules.

TREE NEWS reports: Circle’s Arc public blockchain reached $494 million in DeFi total value locked 10 days after its mainnet launch, up 44.52% over the past week — the fastest growth among leading blockchains. The network recorded $55 million in DEX trading volume over the past 24 hours.