Flash News

TREE NEWS update: Payy paused deposits, withdrawals and card payments after roughly $1.92 million in USDC was drained from the network. The proceeds were converted into about 683 ETH, most of which was then sent to three wallets, the project said. The halt covers all core services as the team investigates the incident.

TREE NEWS update: A parallel session on skills development for the 2026 WorldSkills Conference was held on September 24 at the National Exhibition and Convention Center (Shanghai). Chinese Minister of Human Resources and Social Security Wang Xiaoping, Shanghai Acting Mayor Zhu Zhongming, and WorldSkills CEO David Hoey attended and jointly signed a letter of intent to cooperate on a WorldSkills Innovation Center.

TREE NEWS update: SoFi has moved its entire card program onto blockchain-based settlement using its SoFiUSD stablecoin, with more than $25 billion in expected annualized volume. The tie-up positions stablecoins as an alternative settlement rail for card payments, deepening the lender’s push into payments infrastructure.

TREE NEWS update: Payy Network said its bridge contract deployed on Ethereum was attacked and its entire balance was transferred out. The team is investigating under its security incident response process. All transactions have been suspended during the investigation, including deposits, withdrawals, transfers and card transactions, with further updates promised.

TREE NEWS update: SEC Commissioner Hester Peirce is urging the use of zero-knowledge proofs to reduce the amount of customer data collected under know-your-customer checks, and wants institutions to reuse identity verifications instead of repeatedly storing customer details. Her privacy proposals do not change existing compliance rules.

TREE NEWS update: Bitget has moved institutional client collateral into segregated accounts at Swiss bank Sygnum under an off-exchange custody arrangement, with balances mirrored back to the exchange for trading. Bitget is the fourth venue to join Sygnum’s Protect service, following Binance, Deribit and Bybit.

TREE NEWS reports: Only four of the top 20 publicly listed crypto treasury firms are trading above the value of their token holdings. The resulting discounts undermine share-funded token accumulation, though Strategy’s latest filing shows purchases can continue using existing cash.

TREE NEWS reports: Crypto futures liquidations across exchanges totaled $400 million in the past 24 hours, with long positions accounting for $297 million and shorts $103 million, CoinGlass data shows. Bitcoin liquidations reached $136 million and Ether $82.8 million. The largest single liquidation was a $11.49 million ETHUSDT order on Binance.

TREE NEWS update: New York state filed a lawsuit against prediction market Polymarket, alleging it operates an illegal gambling business. The action by state lawmakers follows a similar July lawsuit against rival prediction market Kalshi, which also alleged the platform was running an illegal gambling operation.

TREE NEWS update: Arbitrum is replacing Timeboost with per-transaction priority auctions. Under the new mechanism, priority fees and paid Fast Feed subscriptions direct 97% of proceeds to the DAO treasury and 3% to the Arbitrum Developer Guild. The change shifts how transaction ordering revenue is collected and distributed on the network.

TREE NEWS update: A £10,000 reward has been offered for information after a UK couple was attacked in a crypto home invasion. Police believe the robbery was planned and targeted, with instructions relayed to the three attackers by a fourth man on a video call.

TREE NEWS reports: Bitmine chairman Tom Lee said Robinhood chose Ethereum as the infrastructure for its business mainly for its security and liquidity, rather than low transaction fees. Lee argued Ethereum’s value proposition is shifting beyond collecting transaction fees, and that ETH is evolving into a store-of-value asset held for its utility and upside potential.

TREE NEWS update: Luo Yonghao denied reports that his Jiaogepengyou livestream sold diseased fish, saying the screenshots circulating online were fabricated composites. In a post, he said he has never sold the product and that the images are obviously low-quality cut-and-paste composites. Jiaogepengyou staff checked all authorized accounts on the day and found no such video, he added.

TREE NEWS update: U (United Stables) and Binance Wallet launched a pPOLY trading competition running from Sept. 24, 22:00 to Oct. 8, 22:00 (UTC+8), with a 100,000 U prize pool. Users trading the pPOLY/U pair on BNB Chain via Binance Wallet count both buys and sells, and trades on day one earn a 3x early-bird multiplier. Entry is through the Binance App Wallet event page.

TREE NEWS update: New York State has filed a lawsuit against Polymarket, accusing the prediction market platform of operating an illegal gambling business. The specific allegations and the remedies New York is seeking were not immediately disclosed. The action was announced on September 24.

TREE NEWS update: New York has filed a lawsuit against Polymarket, alleging the prediction-market platform is operating an illegal gambling business. The action makes New York the latest US jurisdiction to challenge Polymarket’s event-contract offerings. No further terms of the suit were disclosed.

TREE NEWS reports: Meter is under an ongoing attack on BNB Chain, with the attacker exploiting Meter Passport to mint large amounts of wrapped MTRG and selling part of the tokens on PancakeSwap. Roughly $2.3 million in unbacked wrapped MTRG has been minted across about two minting transactions, and the attack is still in progress.

TREE NEWS reports: A smart-money trader known for buying low and selling high moved 4,088.5 ETH, worth $10.8 million, into Binance on September 24 after two months of inactivity, on-chain analyst Ai Yi tracked. If the coins are sold at current prices, the trader would realize a loss of $342,000.