Flash News

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.

TREE NEWS reports: Crypto futures liquidations across the market totaled $932 million over the past 24 hours, with long positions accounting for $796 million and shorts $136 million, CoinGlass data shows. BTC liquidations reached $212 million and ETH $281 million. The single largest liquidation, worth $12.03 million, occurred on Binance’s BTCUSDT pair.

TREE NEWS update: Starknet has opened its first vote on whether the Ethereum scaling network should research a move to its own independent post-quantum Layer 1 chain. STRK stakers and delegators have until Oct. 22 to cast a ballot, though a “Yes” result would not itself approve the switch.

TREE NEWS update: Jupiter Labs launched YOLO, a high-leverage trading product offering 500x to 1000x leverage, co-founder SIONG announced on X on October 15. Positions are settled against real market prices, but profits and losses are real, without executing large leveraged positions in the market. SIONG warned that payouts come from a liquidity pool, so withdrawals may queue if the pool lacks funds; the product remains an early experiment.

TREE NEWS update: OKX opened a beta for onchain spot and perpetuals trading that includes simulated TradFi trading. The launch comes with a points competition sharing a 250,000 USDT reward pool with Outcomes. Funded trading is scheduled to follow after the contest ends.

TREE NEWS update: Firelight has added $30.5 million of coverage to the Kraken USDC vault, with payouts to be handled by Sentora rather than guaranteed by Kraken. Depositors face a $100,000 cap per address per coverage period. The coverage applies to the Kraken USDC vault.

TREE NEWS update: Grayscale has partnered with investment platform Republic to offer its investment products to eligible investors, including the Grayscale DeFi Fund, the Grayscale Decentralized AI Fund and the Grayscale Data Network Trust. The DeFi Fund covers tokens including UNI, AAVE, ONDO, ENA, CRV and LDO; the Decentralized AI Fund covers NEAR, TAO, RENDER and FIL; the Data Network Trust offers exposure to the DATA Network native token DATA.

TREE NEWS update: Decentralized perpetual futures platform StandX announced on October 15 that it is ceasing operations, canceling its planned token issuance and distributing a one-time airdrop in DUSD to users. The airdrop checker opens October 26, with claims running from November 1 to December 31 and no lock-up on tokens received. StandX said it served over 237,000 users and at one point surpassed $200 million in TVL since its mainnet launch.

TREE NEWS update: The NEAR Foundation has appointed Mert Mumtaz, CEO of Solana infrastructure firm Helius, to its council, where he will help shape product strategy, ecosystem growth and governance. Mumtaz was an early user of NEAR Intents, which the foundation said has surpassed $33 billion in cumulative trading volume and over $160 million in privacy-related total value locked. NEAR Intents suffered an approximately $3.8 million exploit in early October tied to deposit and withdrawal infrastructure; the team said the vulnerability was fixed and full compensation promised.

TREE NEWS update: Fireblocks has opened a stablecoin marketplace called Liquidity Market, letting payments companies collect quotes from multiple trading desks simultaneously and settle directly with the desk they choose. The infrastructure firm said it takes no spread on the trades. The product is aimed at payments businesses seeking better pricing and direct settlement in stablecoin transactions.

TREE NEWS update: Jupiter has launched YOLO in beta, an unaudited trading product offering leverage of up to 1,000x. Users trade against a house, and profits can be queued without a guaranteed payout time if the house’s funds run low. The product is live in beta as an unaudited release.

TREE NEWS update: DriveWealth, the infrastructure firm powering investing products at more than 100 partners, will let clients fund collateral accounts using Ripple’s RLUSD stablecoin. The rollout begins in Europe, with a U.S. launch planned but not yet dated. The move adds a regulated stablecoin option to DriveWealth’s brokerage and trading infrastructure.