Flash News

TREE NEWS update: Bitget CEO Gracy Chen said the exchange has launched a recovery bounty program paying 5% for helping freeze attackers’ funds and another 5% for successful recovery. She called on exchanges, security researchers and on-chain investigators to join the tracing effort, thanking Circle and Tether for freezing 218,023 USDT and 99,990 USDC linked to the attack, worth about $318,000. Bitget says the breach caused roughly $351.6 million in losses.

TREE NEWS update: The CFTC has filed suit in the U.S. District Court for the Middle District of Florida against Cash FX Group S.A., its CEO Huascar Jose Lopez Castillo, The Conversion Pros, Inc., its CEO Ronald Pope, and Justin Halladay, alleging they ran a multi-level marketing Ponzi scheme. The defendants are accused of fraudulently soliciting more than $950 million from the public under the guise of a pooled forex commodity trading operation, with participants losing at least $406 million.

TREE NEWS reports: Bitcoin rose past $84,000, trading at $84,002.00 per coin, a gain of 0.24% over the past 24 hours. The move marks a fresh push above the $84,000 level for the largest cryptocurrency.

TREE NEWS update: The CFTC has sued Cash FX, alleging a $950 million crypto-linked forex scheme in which the firm conducted minimal forex trading and misappropriated most participant funds. The regulator claims the operation was a fraud rather than a genuine trading program.

TREE NEWS update: Solana’s Alpenglow consensus upgrade went live on Testnet on September 24 and on Devnet on September 25, and is now running on both public test networks so app teams can check compatibility before mainnet. Alpenglow aims to cut finality from roughly 12.8 seconds to about 150 milliseconds by having validators exchange votes directly rather than writing them into blocks as transactions. The 150ms figure is a simulation target, not yet verified on mainnet, and the Solana Foundation said vote-based transaction counts may fall after the upgrade without necessarily reducing user payments or volume.

TREE NEWS update: Gate launched the 146th round of its contract points airdrop on September 26 at 18:00 (UTC+8). Users with at least 40 Gate contract points can spend 20 points to claim a 100 USDT position trial voucher, while those with 90-120 points (with a decreasing threshold) can spend 15 points to claim 0.016 QQQG. Both pools operate on a first-come, first-served basis, with the QQQG threshold falling as claims progress.

TREE NEWS reports: ENA rose 22.85% over the past 24 hours, leading a broad altcoin rally. PUMP, SEI and JTO each gained about 16.8%, while SPK and SUI climbed roughly 15%. JUP and LDO added about 13%, with WLD, POL and NEAR up around 10%, and OP and SKY gaining about 9%.

TREE NEWS reports: A trader at address 0xc8F7 opened a 15x leveraged long position of 2.15 million ENA tokens on Aster DEX, with a notional entry value of about $592,000. The position is currently showing an unrealized profit of roughly $310,700, a return of about 786.54%.

TREE NEWS reports: Nasdaq-listed bitcoin miner Bitdeer said it mined 288.1 BTC in the week ended September 25 and sold 288.4 BTC over the same period, for a net change of zero BTC. The company said it continues to hold no bitcoin on its balance sheet.

TREE NEWS reports: An address linked to the suspected Bitget hack withdrew about $1.23 million from Binance and routed it back to a Bitget hacker-associated wallet, on-chain tracker Lookonchain said. Wallet “0x4885” first pulled 257.6 ETH (~$692,000) and 545,000 USDT from Binance, swapped all the USDT for 200.2 ETH, then moved its accumulated 457.9 ETH (~$1.23 million) to the Bitget hacker-linked wallet.

TREE NEWS update: Bitget CEO Gracy Chen and Greater China head Xie Jiayin will host a live AMA on Sept 28 at 15:30 UTC+8 lasting at least two hours, answering community questions on the incident, withdrawal recovery progress and follow-up plans. Earlier that day, Bitget published a withdrawal restoration plan opening phased withdrawals for each token from Sept 28 to Oct 2.

TREE NEWS reports: US spot bitcoin ETFs drew $134 million in net inflows on September 25, extending their streak to seven consecutive positive days. BlackRock’s IBIT led with $96.99 million, bringing its all-time net inflow to $65.28 billion. Fidelity’s FBTC followed with $49.32 million, lifting its cumulative net inflow to $11.06 billion.

TREE NEWS update: Bitget said it has confirmed and fixed the vulnerability behind a Sept 24 security incident, with user account balances unaffected and its protection fund covering the financial impact. Withdrawals were paused only for security reasons while trading and deposits remain normal. The exchange will reopen BTC withdrawals on Sept 28 at 08:00 UTC, ETH on Sept 29, USDT on Sept 30, and other tokens, fiat and P2P from Oct 2.

TREE NEWS update: The SEC’s Division of Corporation Finance published an FAQ on how federal securities laws apply to certain crypto assets, addressing functional networks, staking receipt tokens, token buybacks and marketing. The guidance, which is not formal rulemaking and carries no legal force, says buyback announcements by a functional network do not by themselves signal managerial efforts, while trading platforms count as promoters only under Securities Act Rule 405.

TREE NEWS reports: USDC Treasury minted 250 million USDC on Solana at 05:42 Beijing time and another 250 million at 11:04, for a total of 500 million USDC issued on the network on September 26. The two mints bring the day’s new USDC issuance on Solana to half a billion tokens.

TREE NEWS update: Huawei has scheduled the launch event for its Mate 90 series and full-scenario new products for October 1 at 14:30. The event will cover the new flagship lineup alongside other product categories.

TREE NEWS update: AlphaFi is winding down operations following an oracle error, with the Sui Foundation providing support. New deposits and loans have been disabled, and Slush users are being told to exit four strategies through immediate withdrawals. The shutdown follows the oracle malfunction that affected the protocol.

TREE NEWS update: Blockchain Association CEO Summer Mersinger will step down on Oct. 16, and SEC Commissioner Hester Peirce will leave on Oct. 2, removing two prominent crypto policy voices from Washington. Both exits were announced 10 days after the Senate blocked the Clarity Act.

TREE NEWS update: A federal appeals court ruled that Kalshi has not shown its sports contracts are swaps, and that even if they were, federal law would not prevent Ohio and Tennessee from enforcing their gambling laws against the prediction market. The Sixth Circuit decision hands the states a win and marks another legal setback for Kalshi in its fight over event contracts.

TREE NEWS update: The SEC’s Division of Corporation Finance issued new FAQs stating that token buybacks are permitted on working networks, and that some liquid staking tokens can qualify as digital commodities. The guidance also says funding upgrades to a functioning network is not the kind of effort that turns a token into a security, while warning that unfinished networks still face securities risk.