Flash News

TREE NEWS reports: US Treasury yields hit a 19-year high on Thursday, pressuring risk assets while Bitcoin held near $84,000. ONDO became the top performer among altcoins during the session.

TREE NEWS update: DoubleZero has launched a dedicated fiber market-data service for decentralized exchange Hyperliquid, giving professional trading firms access to full order-book data over fiber rather than relying solely on public APIs. The service covers Hyperliquid’s native perpetuals and markets run by trade.xyz, which offers perps tied to crude oil, gold and silver on Hyperliquid infrastructure. Hyperliquid is the third platform to join DoubleZero’s Edge market-data service, after Solana and prediction market Kalshi.

TREE NEWS update: DoubleZero launched a dedicated fiber market data feed for Hyperliquid, giving professional trading firms faster access to the exchange’s full order book. The feed is aimed at trading firms that need low-latency connectivity to Hyperliquid’s market data.

TREE NEWS update: Solana treasury firm SkyAI’s board survived a shareholder protest, but its proposed equity compensation plan was rejected by a wide margin. Shareholders voted against the equity pay plan while allowing the existing board to remain in place.

TREE NEWS reports: Strive has bought more than 1,100 bitcoin this week. The company is expected to have raised enough capital to purchase over 135 more bitcoin today, adding to the weekly total.

TREE NEWS update: The Federal Reserve Board has opened public comment on two proposals to establish a regulatory framework for payment stablecoin issuers it supervises under the GENIUS Act. The proposals set out the standards such Fed-supervised issuers would face, with the comment period giving industry and the public a formal channel to weigh in before the rules are finalized.

TREE NEWS reports: JPMorgan analysts said bitcoin’s move above its estimated $85,000 production cost could ease miner selling pressure if the level is sustained. The bank’s estimate puts the world’s largest cryptocurrency above the marginal cost of mining for the first time in the current cycle, a threshold analysts tie to reduced forced selling by miners.

TREE NEWS reports: A whale wallet withdrew 27,300 HYPE, worth about $2.55 million, from Coinbase minutes ago. Over the past 16 days, the same wallet has accumulated 81,900 HYPE, valued at roughly $7.13 million. The token is HYPE.

TREE NEWS reports: Bitcoin fell below $84,000, trading at $83,999.90 per coin, down 0.50% intraday. The move marks a fresh break of the $84,000 level for the largest cryptocurrency.

TREE NEWS update: New York Attorney General Letitia James and Governor Kathy Hochul filed a lawsuit seeking to ban Polymarket, alleging the prediction market operates without a license and exposes New Yorkers to gambling harms. The suit labels the platform an “illegal gambling operation.”

TREE NEWS update: Misha Komarov, founder of [alloc] init and co-founder of =nil; Foundation, has proposed “shielded Bitcoin,” a method to bring Zcash-style privacy to Bitcoin using a cryptographic primitive his team calls Bitcoin PIPEs. The approach is designed to work without a Bitcoin fork. Komarov discussed the mechanism, including how witness encryption turns zero-knowledge proofs, in an interview.

TREE NEWS update: In one of her final speeches as SEC commissioner, Hester Peirce called for ending the KYC “panopticon,” arguing that regulators’ “data haystacks” endanger the people they aim to protect. She pointed to recent KYC leaks that expose crypto holders to phishing and physical attacks. Peirce is set to leave the agency in the coming weeks.

TREE NEWS reports: Most digital asset treasury companies (DATs) now trade below the value of the crypto they hold, DWF says, eroding the stock-premium financing model that once let these firms expand their balance sheets. The shift marks a reversal for a structure that had allowed companies to raise capital at a premium to net asset value.

TREE NEWS update: France-based semiconductor company Sequans has fully unwound its Bitcoin treasury strategy, selling its remaining 314 BTC. The company’s holdings once exceeded 3,200 BTC, and the exit comes as more firms scale back their crypto holdings.

TREE NEWS reports: Chainalysis identified 4,708 new country-to-country stablecoin routes, yet those new corridors carried only $2.64 billion of the $220.3 billion in total measured cross-border flows. The finding indicates that while the number of payment paths is expanding, actual stablecoin volume remains concentrated in a small set of routes.