Flash News

TREE NEWS update: Jupiter said its YOLO product recorded $1 billion in trading volume in under 24 hours. The figure is unaudited and counts leveraged trading exposure. Payouts on the beta depend on a separate house pool funded by trader losses.

TREE NEWS update: Ripple Prime has opened round-the-clock swaps tracking Trade.xyz perpetual markets on Hyperliquid, with the platform taking the other side of each trade and accepting RLUSD as collateral. Virtu is already trading the new product, which covers stocks, metals and currencies. The launch extends Ripple’s prime brokerage into 24/7 perpetual-style exposure.

TREE NEWS reports: About 18,000 BTC options worth a notional $1.47 billion expire today, with a put/call ratio of 1 and a max pain point of $83,000, Greeks.live researcher Adam said. The expiry equals roughly 4.5% of bitcoin options open interest. Implied volatility sits near 35%, indicating extremely low expected price swings and continued caution among options buyers.

TREE NEWS update: NEAR Protocol launched a SOL yield feature built on confidential accounts, the network said on October 16. Under the mechanism, the vault only receives users’ deposited funds and does not obtain their original addresses. The product has no lock-up period, allowing users to swap or transfer tokens at any time.

TREE NEWS reports: PaperTrade recorded $1.15 trillion in cumulative notional volume, $67.55 million in TVL and $46.71 million in cumulative USDC staking rewards within its first week, with roughly 81 billion of its 8.16 billion PAPER supply staked, a 99.23% ratio. Data provider DefiLlama shows PaperTrade generated $23.97 million in holder revenue on Oct. 10 and $33.94 million from Oct. 10-13, against Hyperliquid’s single-day peak of $8.81 million. PAPER is not yet trading; PaperStrategy, a HyperEVM treasury, has staked about 154 million PAPER, implying a rough price of $0.064.

TREE NEWS reports: Machi Big Brother (Jeffrey Huang) traded $1.41 billion on PaperTrade but lost $416,000 on the platform, Lookonchain data shows. He offset part of the losses by staking for 57.6 million PAPER tokens and earning 341,000 USDC in rewards, cutting the net loss to roughly $74,700.

TREE NEWS update: Binance said it will support the merger of Velodrome Finance (VELODROME) into Aerodrome (AERO) and the AERO contract swap. The exchange will halt trading and delist all VELODROME spot pairs, including VELODROME/USDT, at 11:00 (UTC+8) on November 3, 2026, canceling all open orders, while existing AERO spot pairs are unaffected. Deposits and withdrawals of the old VELODROME token will be suspended from 11:30 (UTC+8) the same day and will not resume after the merger.

TREE NEWS reports: Celestia’s TIA token rose 59% over four weeks even as daily blob data on the network declined during the rally. The divergence suggests the price move was not driven by mainnet usage, and Celestia’s newly introduced Fibre throughput benchmark remains separate from actual mainnet activity.

TREE NEWS reports: Jeffrey Huang, the Hyperliquid whale known as ‘Machi Big Brother,’ was liquidated on Oct. 15, with his account collapsing from $12.25 million back to $21,800. Over the prior four months he had rolled $56,000 in principal into more than $12 million, mostly through 25x leveraged long positions, largely in ETH. His Hyperliquid account’s total P&L now stands at a loss of nearly $34.8 million.

TREE NEWS update: Lightning Labs announced LayerTree, a non-custodial Bitcoin scaling solution that connects to the Lightning Network. Using covenants, the design lets a single UTXO be shared by as many as 1 million users. Users can receive funds without staying online and exit at any time with a single transaction, with funds not expiring due to timeouts.

TREE NEWS reports: A phishing attacker has converted $2 million in DAI stolen from a Bofur Capital address into 825.5 ETH, on-chain data shows. The funds were moved out of the compromised wallet and swapped into ether, the attacker’s asset of choice for laundering. Bofur Capital has not commented on the incident.

TREE NEWS update: Pirate Chain said a transaction validation flaw discovered in its source code on October 14 allowed about 39.8 million ARRR to be created without authorization, expanding the token’s total supply by roughly 20%. The newly minted tokens were moved into the Sapling privacy pool. NonKYC flagged suspicious deposits, restricted the accounts involved and blocked withdrawals, while the investigation found two validation failures: a bypass of the inflation check and incorrect parsing of output scripts.

TREE NEWS update: Pirate Chain disclosed that an exploit created 39.8 million ARRR, prompting developers to ask users not to move funds while recovery work is underway. The network remains operational, the project said.

TREE NEWS update: A bug in the bOSMO contract still allows cheap minting, putting liquidity pools at risk, and the token now has little backing. Holders will be compensated under a plan that excludes bOSMO bought after the compensation snapshot, meaning post-snapshot buyers will not be reimbursed.

TREE NEWS update: Aave V4’s Arc Markets went live on Sept. 16 with four reserve assets, connecting dollar and euro loans to shared liquidity. The deployment’s Forex market allows borrowers to pledge EURC, which is not eligible as collateral in Arc’s Main market.

TREE NEWS update: Ripple Prime has rolled out traditional-asset perpetual futures linked to Trade.xyz, building on its existing Hyperliquid access that lets institutions combine onchain derivatives with other exposures in a single margin framework. The rollout, first reported by Bloomberg, extends Ripple Prime’s push to give institutional clients onchain access to conventional markets.

TREE NEWS update: Mastercard and BVNK launched a ‘Global Money Platform’ that lets banks, fintechs and enterprises hold, convert and spend fiat and stablecoins through a single API. It is the first major integration since Mastercard’s $1.8 billion acquisition of BVNK, with agentic commerce support planned.

TREE NEWS update: DeFi Development is lifting the dividend rate on its CHAD preferred stock to 14% from 13%, with proceeds from CHAD sales earmarked to grow its Solana treasury. The increase ties the preferred’s payout to the company’s expanding SOL holdings, which it is funding through continued issuance of the CHAD series.

TREE NEWS update: Mastercard launched its Global Money Platform, its first major integration with BVNK since acquiring the firm in August, bringing stablecoin balances into traditional banking and card payments. Nuvei and Marqeta are among the first companies to adopt the platform.