Flash News

TREE NEWS update: Bitcoin’s price volatility has significantly declined, according to new research from asset manager VanEck. The report suggests that despite persistent bearish sentiment, the cryptocurrency’s wild price swings have quieted, marking a notable shift in market dynamics.

TREE NEWS reports: OpenAI has announced enhanced AI safety measures to prevent models from going off the rails, focusing on robust safeguards and control mechanisms. This move underscores the growing importance of responsible AI development amid rapid advancements.

TREE NEWS update: Swiss hardware wallet maker BitBox discovered two severe firmware vulnerabilities using frontier AI models, warning that older firmware leaves users exposed. The company urges users to update to the latest version to mitigate risks.

TREE NEWS reports: An excerpt from Leon Wankum’s book explores Bitcoin as digital real estate, emphasizing its absolute scarcity, global portability, and growing economic network. This perspective offers a novel way to understand Bitcoin’s role in storing and transferring value.

TREE NEWS update: Kraken’s parent company Payward has debuted Krak, a multi-asset US debit card enabling customers to spend both crypto and fiat while earning cashback. This move expands Kraken’s financial services beyond exchange offerings, integrating digital assets into everyday payments.

TREE NEWS reports: sh0edog, former General Counsel of Magic Eden, has joined fomo as its new General Counsel. This move brings experienced legal expertise to the platform.

TREE NEWS reports: Bankrupt Spirit Airlines has agreed to sell its internal communications and business records to Google for $10 million, which the tech giant will use to train its AI models. The deal highlights the growing market for proprietary data in AI development.

TREE NEWS reports: VanEck reports that 8 of its 12 Bitcoin capitulation signals are currently flashing, with all 12 having triggered in the past three months. The firm expects this drawdown to be shallower than historical bear markets (78-94%) due to spot ETF demand, broader institutional holdings, and the absence of major failures like Celsius, 3AC, and FTX. Bitcoin is currently down 49% from its peak.

TREE NEWS update: CFTC Chairman Mike Selig criticized anti-crypto forces for years of stifling innovation, asserting that the CFTC is now opening a new financial frontier. This marks a significant regulatory stance shift favoring digital assets.

TREE NEWS reports: CASHCAT, a token listed on Robinhood, has fallen approximately 30% since its debut, causing significant losses for traders. One notable trader, 0x4B1, is holding a floating loss of $412,000 and has not yet sold their position.

TREE NEWS reports: US federal prosecutors have dismissed Alex Mashinsky’s motion to vacate his conviction as ‘without merit,’ despite his current 12-year prison sentence. The former Celsius CEO continues to pursue legal avenues to overturn his conviction related to the collapsed crypto lender.

TREE NEWS update: BlackRock reaffirms that Bitcoin’s role as a global monetary alternative remains intact despite its price decline this year. The investment thesis for the asset has not changed, according to the asset manager.

TREE NEWS update: Anthropic is reportedly in talks to secure a credit line exceeding $10 billion ahead of its potential IPO. The financing would boost its liquidity amid intense competition in the AI sector.

TREE NEWS update: Over the past 24 hours, total crypto liquidations reached $242 million, with long positions accounting for $105 million and short positions $137 million. This indicates significant market volatility and forced selling across derivatives.

TREE NEWS update: Tokyo-based Metaplanet plans to merge with Nasdaq-listed Super League Enterprise, gaining a US listing while leveraging its existing 2,100 BTC holdings rather than buying more. The deal aims to broaden access to US capital markets and advance its Bitcoin treasury strategy.

TREE NEWS reports: The Royal Bank of Canada has increased its holdings in Strategy (formerly MicroStrategy) by 46,000 shares, valued at approximately $4.45 million. This move reflects growing institutional interest in the crypto-linked company.

TREE NEWS update: Hong Kong police reported that an 80-year-old retiree lost over HK$5 million in ETH after downloading a fake ‘Trust Wallet’ app from an online ad. Scammers posing as customer service induced him to invest, and he transferred funds over 1.5 months. Police urge families to warn elders about such fraudulent apps and high-return promises.

TREE NEWS reports: Apple has settled a dispute with the European Union over App Store fees, potentially avoiding fines. The resolution may impact app developers and the broader digital market landscape.