Flash News

TREE NEWS reports: Trader 0x344 built a $105.39 million BTC long on Hyperliquid over two days at 20x leverage. The position was up $2.44 million in unrealized gains when BTC hit $87,200, but as US Treasury yields reached 5% and BTC pulled back, the trader closed the entire position for a final realized profit of $176,600.

TREE NEWS reports: Ethereum spot ETFs recorded $105 million in net inflows on Sept. 23, marking a fourth consecutive day of positive flows. BlackRock’s ETHA led with $50.8 million, bringing its cumulative net inflow to $13.206 billion. Fidelity’s FETH followed at $41.28 million, with total historical net inflows of $2.395 billion.

TREE NEWS reports: US spot bitcoin ETFs drew $347 million in net inflows on September 23, extending the streak to five consecutive days. BlackRock’s IBIT led with $166 million, bringing its all-time net inflow to $65.023 billion. Fidelity’s FBTC followed with $143 million, lifting its historical total to $11.001 billion.

TREE NEWS reports: Crypto hedge fund ZX Squared Capital has posted a 229.18% cumulative return since its 2021 founding, against 136.94% for bitcoin over the same period, co-founder and CIO CK Zheng said, an average annualized return of about 30%. The fund holds bitcoin spot, hedges with options, keeps zero leverage and uses Swiss custodian Copper, cutting bitcoin’s 55%-70% volatility to roughly 37% and its 2022 drawdown to about 35% versus bitcoin’s 65%.

TREE NEWS reports: Bitcoin climbed to an intraday high of $86,349.90 on September 22, its highest level since late January, and was trading at $86,039.36 by early US hours after gaining more than 8% over the past week and about 34% over three months. Bitwise’s chief investment officer said on air that he believes the crypto winter has ended. The rally leaves bitcoin roughly 30% below its October 2025 record near $126,000.

TREE NEWS update: Alph Ai launched an upgraded trading terminal on September 18, 2026, consolidating market discovery, on-chain intelligence and trade execution into one interface under the tagline “Trade What’s Next.” The homepage now aggregates 24-hour volume, active wallets, trending new tokens and prediction markets, while token pages pair price charts, liquidity, market cap and holder data with market and limit order panels. Cross-chain transfers are powered by Relay with no added Alph Ai bridging fee; platform trading fees are 0.3%.

TREE NEWS reports: Whale address bc1qdp bought another 536.93 BTC, worth $45.28 million, six hours ago as the BTC price fell. Over the past 20 days the whale has accumulated 2,460 BTC worth $194.3 million at an average buy price of $78,966.

TREE NEWS reports: Bitcoin fell below $84,000, trading at $83,999.90 per coin on OKX, with a 0.00% daily change. The move marks a fresh dip under the $84,000 level for the largest cryptocurrency.

TREE NEWS reports: Venture investor JC Bahr-de Stefano was permanently banned from restaurant booking platform Resy after his personal AI agent, Instinct, polled availability roughly 200 times per hour and every 0.4 seconds during the 9 a.m. release window, scanning 21 days of bookings every 10 minutes. Resy’s anti-fraud system treated the traffic as a DDoS-style bot attack. Amazon has separately blocked Meta’s Muse agent, which hit 730,000 downloads in five days, citing unauthorized automation.

TREE NEWS reports: The Trump administration is weighing a push to promote US dollar-backed stablecoins overseas, with the Treasury, State Department and Development Finance Corporation potentially taking part in public-private ventures. The effort is aimed at strengthening the dollar and boosting demand for US debt. No specific plans, partners or timeline have been announced.

TREE NEWS update: Variational will launch its VAR token in the fourth quarter and allocate 32% of the supply as an airdrop, the protocol said. Points distributions will continue at 150,000 a week until the launch, while team and investor tokens are subject to a 12-month lock.

TREE NEWS update: Kalshi said the CFTC has not contacted it over nearly $5 billion in similarly sized Ether perpetual trades, activity the prediction market attributed to its liquidity incentive programs. The company rejected allegations that the trading was wash trading. Kalshi did not disclose when the trades occurred or the size of individual orders.

TREE NEWS update: Meta has launched a palm-sized 5G device designed to run Muse, the company said. No pricing, availability or technical specifications were disclosed. The device is the company’s latest hardware product tied to its Muse offering.

TREE NEWS reports: Cloudflare’s Will Papper said Ethereum’s original sharding design, abandoned because it was “way too difficult for DeFi,” could still work for stablecoin payments since “a dollar is a dollar.” Speaking on Unchained Premium, Papper said the company is looking for a blockchain capable of carrying internet-scale traffic.

TREE NEWS update: China Everbright Bank will halt its agency business for individual precious metals trading on the Shanghai Gold Exchange after Oct. 19, choosing its own timing. It joins ICBC, China Construction Bank, Bank of Communications, China Merchants Bank, CITIC Bank, Shanghai Pudong Development Bank and China Guangfa Bank in exiting the service this year. Banks said physical gold distribution and gold accumulation plans are unaffected, with gold ETFs and silver ETFs still available.

TREE NEWS reports: The United States is considering offering incentives for overseas stablecoins backed by the US dollar, a move that would extend Washington’s reach into dollar-denominated digital assets issued outside its borders. No specifics on the form of the incentives or a timeline were provided. The proposal centers on stablecoins whose reserves are held in dollars.

TREE NEWS update: SEC Commissioner Mark Uyeda said the agency dropped many cases against crypto companies in early 2025 to avoid potential credibility problems in court. Uyeda, who served as acting chair, tied the wave of dismissals to concerns about how the enforcement actions would hold up before judges. The remarks describe the rationale behind the SEC’s retreat from several crypto lawsuits.

TREE NEWS reports: Bitcoin fell through the $86,000 cost basis of spot ETFs as total crypto market value dropped 2.27% to $2.96 trillion. XRP lost 5.8%, Dogecoin 8.3% and Hedera 9.9%, while Uniswap gave back its entire Tuesday spike on the CME listing. Perpetual funding at OKX turned negative on both bitcoin and ether swaps, and U.S. equities and gold closed lower.

TREE NEWS reports: The US cryptocurrency and crypto-linked equities index dropped 3.36% to 80.04 points, extending its decline. Over the past 24 hours, spot bitcoin fell 2.23% to $84,346.88, with a short, sharp drop around 22:00 Beijing time. Spot ether fell 2.92% to $2,673.16.

TREE NEWS update: Hsin-Ju Chuang, a former partner at crypto venture firm Hack VC and founder of Dystopia Labs, has been found dead at the age of 37. Chuang previously held senior roles at Stellar and Solana before joining Hack VC. No cause of death or further circumstances were given.