Flash News

TREE NEWS update: Crypto treasury companies (DAT) reported combined Q2 net losses of about $10 billion, yet their stocks rebounded as markets had already priced in the losses. These firms are now focusing on increasing per-share crypto holdings, adopting disciplined capital allocation and innovative instruments like STRC preferred shares.

TREE NEWS update: The token Niu Lai (牛来) is now listed on Binance Alpha, marking its availability on the platform. This listing provides users with access to trade the token, potentially increasing its visibility and liquidity.

TREE NEWS reports: Etched, an AI chip startup, has raised $700 million in funding, bringing its valuation to $21 billion. The round highlights the massive investor appetite for AI infrastructure companies.

TREE NEWS update: Bitcoin’s price surge to $64,500 was driven by a low-volume short squeeze in derivatives markets, according to analysts. The move is considered a liquidity trap rather than a genuine trend reversal, with potential for further volatility.

TREE NEWS update: Austria’s Financial Market Authority fined Bitpanda €70,000 for procedural and disclosure breaches, marking the first published penalty under the EU’s MiCA crypto regulation. This signals how European regulators will enforce the new rulebook.

TREE NEWS update: Pony.ai shares rose 5% in pre-market trading after reporting Q2 revenue of $XX million, up 68.8% year-over-year. The strong growth was driven by increased demand for its autonomous driving services. This positive earnings report boosted investor confidence in the company’s prospects.

TREE NEWS reports: According to RootData’s derivatives exchange data, HTX, BingX, and OrangeX have maintained the top three positions in spread for five consecutive days. This indicates persistent price differences among these platforms, which may attract arbitrageurs. The data reflects ongoing volatility and liquidity variations in the crypto derivatives market.

TREE NEWS reports: Today marks the 18th anniversary of the registration of bitcoin.org, the domain that would become the home of the Bitcoin whitepaper. This pivotal moment laid the foundation for the cryptocurrency revolution.

TREE NEWS update: A meme coin named after a Chinese animated film ‘Niu Lai’ surged to a $46M market cap on BSC, but its creator missed the rally, earning only ~$10K from a quick dump on a follow-up token. On-chain data reveals a pattern of batch token creation and potential market manipulation, with the main pool controlled by an unknown entity.

TREE NEWS reports: China has authorized eight new banks to join its digital yuan network, bringing the total number of operators to 30. The newly added lenders will begin offering e-CNY services after completing operational and technical preparations, further expanding the reach of China’s central bank digital currency.

TREE NEWS update: China has reportedly stopped using the government-customized version of Windows 10 ahead of schedule, ending support earlier than planned. This move may impact government IT systems and could prompt a shift to domestic alternatives.

TREE NEWS reports: Iranian official Mohammad Bagher Ghalibaf stated that the Strait of Hormuz will remain closed, escalating geopolitical tensions in the region. This could impact global oil supply and financial markets.

TREE NEWS reports: South Korea’s media regulator has announced plans to block access to Polymarket, a crypto-based prediction market, citing its operations as illegal gambling. The decision targets the platform’s noncustodial smart contract structure, despite its decentralized design.

TREE NEWS reports: Binance has announced the removal of certain spot trading pairs from its platform. The exchange will cease trading for these pairs to maintain a high-quality trading environment. Users are advised to manage their holdings accordingly.

TREE NEWS update: GasFree, a gas fee payment service, has officially integrated USDD, allowing users to pay transaction fees with the stablecoin. This move broadens the on-chain application scenarios for USDD and enhances its utility in the crypto ecosystem.

TREE NEWS update: SoftBank Group announced plans to issue ¥1 trillion in individual bonds to raise funds for AI investments. The move underscores the conglomerate’s aggressive push into artificial intelligence infrastructure and technology.

TREE NEWS update: SemiAnalysis reports that Anthropic has imposed strict classifiers on Mythos due to regulatory pressure, preventing its release. Mythos 2 has completed training but remains unpublished.

TREE NEWS reports: Kraken has announced that it will now offer US stock trading to its European users. This move marks a significant expansion of the crypto exchange’s services into traditional financial markets, bridging the gap between digital assets and equities.

TREE NEWS reports: Gold prices are under pressure as rising oil prices and higher US Treasury yields weigh on the market. Investors are shifting focus to assets with better yields, reducing demand for the non-yielding metal.