Flash News

TREE NEWS update: French semiconductor company Sequans Communications has sold its remaining 314 bitcoin, fully exiting its bitcoin treasury strategy. The company had previously held more than 3,200 BTC. Sequans said the exit follows its May redemption of convertible debt and will let it refocus on its core cellular IoT and software-defined radio businesses.

TREE NEWS update: Block has merged a Bitcoin Lightning payment specification into the repository for x402, the company’s open payment standard. The Lightning specification is now part of the x402 codebase, while a Python implementation of the addition still awaits review and testing on real nodes. No timeline was given for when that implementation might be finalized.

TREE NEWS reports: Bankless co-founder David Hoffman posted on X that Cypherpunk Technologies (ticker CYPH), a ZEC treasury company, hit another all-time high in its share price, saying he is “on a fucking roll.” Hoffman said his position in the stock has returned nearly 5x since June. He did not disclose the size of his holding.

TREE NEWS update: Block has integrated Bitcoin Lightning payments into x402, an open payment standard for agentic AI commerce. The company joins Google, Microsoft, AWS and Coinbase in backing the protocol, which is designed to let AI agents transact autonomously. The move extends Lightning’s reach into machine-to-machine payments.

TREE NEWS update: Bitget confirmed that a hacker breached a key backend system of its wallet infrastructure and drained about $351.6 million from some hot wallets, with on-chain monitor LookOnchain putting the total at $356 million. The exchange said cold wallets and most platform assets were unaffected, and its $464 million user protection fund can fully cover the loss. Withdrawals are suspended pending a security review, and Bitget said it will publish a full incident report within 24 hours.

TREE NEWS update: Changan Automobile said at a recent roadshow that it has made phased progress in sodium-ion batteries, breaking through high-power electrode single-point technology to improve range in extreme temperatures. The automaker also deepened cooperation with CATL, launching a sodium-ion battery swap technology project and jointly developing a new battery system.

TREE NEWS reports: Bitget CEO Gracy Chen said a preliminary investigation into the exchange’s $352 million hack found IP addresses matching VPN choices associated with a North Korean (DPRK) hacking group. Chen cited the IP evidence as grounds for suspecting Pyongyang’s involvement in the incident.

TREE NEWS update: KelpDAO has filed a civil claim in British Columbia against LayerZero, who said he is also named in the filing. Pellegrino called the claim “meritless” and said he will defend himself in Vancouver. No further details of the claim or its allegations were disclosed.

TREE NEWS update: Bitget has suffered a $352 million loss in a hack, the exchange confirmed. Separately, the APAC region now accounts for half of the Global Crypto Adoption Index, underscoring Asia’s dominance in retail and institutional crypto activity. The incidents highlight the growing security and market stakes across the region.

TREE NEWS update: Bitget detected abnormal transfers from some of its hot wallets at 2:31 a.m. and immediately activated an emergency response, with preliminary estimates putting the amount involved at about $351.6 million. The exchange said cold wallets and the vast majority of assets were unaffected and that losses are fully covered by its user protection fund, which now exceeds $464 million. Withdrawals have been temporarily suspended, while deposits and trading remain operational, and law enforcement and on-chain security firms have been notified.

TREE NEWS update: A white hat hacker tied to the Coldcard exploit transferred 52.37 BTC, worth more than $4 million, into the Crypto Recovery Trust, about 2.8% of the total bitcoin linked to the vulnerability. The Trust will verify ownership of the funds and attempt to return them. Galaxy Digital research head Alex Thorn said an additional 3.0134 BTC moved to the same address in the same transaction, with its origin still unconfirmed.

TREE NEWS update: The Federal Reserve proposed new rules for stablecoin issuers, setting capital requirements, a two-day redemption window and new reserve disclosures. The proposal comes as regulators implement the GENIUS Act. It marks the Fed’s first detailed capital and liquidity framework for dollar-pegged token issuers.

TREE NEWS update: The Federal Reserve opened two proposals for public comment under the GENIUS Act, requiring stablecoin issuers it supervises to back their tokens fully with safe assets. The proposals also establish an application process for banks seeking to issue stablecoins.

TREE NEWS update: Bitget has confirmed a $351 million security breach and suspended withdrawals, saying unauthorized transfers affected a limited number of hot wallets. The exchange added that cold wallets and most platform assets remained unaffected.

TREE NEWS reports: A newly created wallet drained hot and cold reserves labeled as belonging to Bitget across multiple blockchains in under an hour, with $350 million reported missing from the crypto exchange’s wallets. The funds were moved across several chains within roughly 60 minutes of the wallet’s creation.

TREE NEWS reports: About $176 million in ETH and USDT0 was moved from multiple Bitget wallets to a single address, in what appears to be unauthorized activity. Bitcoin was not involved in the suspected hack. Bitget has not yet commented on the transfers.

TREE NEWS update: The Federal Reserve proposed rules requiring banks issuing payment stablecoins to back each $1 of tokens with at least $1 in approved reserve assets and to process customer redemptions within two business days. Eligible reserves include dollars, Fed balances, certain bank deposits, Treasuries with remaining maturity of 93 days or less, qualifying repo and eligible investment funds, with tokenized forms of some assets possibly included. Issuers persistently below minimum capital requirements could be forced to liquidate reserves and redeem all tokens.