Flash News

TREE NEWS update: trade.xyz has listed RELIANCE with 10x leverage, available for trading around the clock, every day of the year. The platform announced the listing in a post on X. The venue did not disclose additional contract specifications or launch timing beyond the immediate availability.

TREE NEWS reports: A whale that withdrew 615.4 BTC from Coinbase Prime custody 16 months ago at an average price of $105,271 deposited 438.37 BTC, worth $35.38 million, back to Coinbase Prime overnight. With BTC now at $80,807, the position is sitting on an unrealized loss of more than $15 million. The whale still holds assets worth $14.31 million.

TREE NEWS update: Predict.fun published the tokenomics for its Predict Protocol native token PREDICT, setting total supply at 1 billion tokens, with 51.95% allocated to ecosystem and community, 26.05% to early supporters, 10% to core contributors, 8% to treasury and 4% to liquidity. Sixteen percent of supply unlocks at TGE, while core contributor and early supporter tokens remain fully locked for 24 months before monthly vesting over 36 months, with all tokens unlocked within five years. Season 1 airdrops 70 million PREDICT, or 7% of supply, with claim dates to be announced within 24 hours alongside final Season 1 Predict Points results.

TREE NEWS update: Moody’s has assigned A2 and P-1 deposit ratings to Ripple’s RLUSD stablecoin, covering the token’s native issue on the XRP Ledger and Ethereum. The ratings weigh reserve safeguards against holders’ exposure to an issuer bankruptcy, Moody’s said. It is the first such ratings action on the Ripple-issued dollar token.

TREE NEWS reports: Robinhood reported third-quarter crypto revenue of $120 million, up 20% quarter over quarter, with $26 million coming from its Robinhood Chain mainnet that launched July 1. Excluding the chain, crypto trading revenue fell about 6% to $94 million and total crypto revenue remained 55% below a year earlier. Company-wide revenue hit a record $1.42 billion, while net income fell 14% to $476 million and diluted EPS of $0.51 missed the $0.55 estimate.

TREE NEWS update: Coinbase said its systems were not breached and that customer funds were unaffected, attributing an incident to contact data held by analytics provider Amplitude. The exchange said it is notifying impacted users and regulators.

TREE NEWS update: CATL said the Australian market has shown strong interest in sodium-ion batteries, the Chinese battery maker stated. The comment points to overseas demand for the alternative battery chemistry, which CATL has been developing as a lower-cost option to lithium-ion. The company did not disclose further details on potential customers or volumes.

TREE NEWS update: Datavault AI shares fell 50% after the company said it cannot withdraw the bitcoin tied to a $150 million deal. Under the agreement, Scilex agreed to buy Datavault AI shares for $150 million, payable in bitcoin.

TREE NEWS update: South Korea has called an emergency meeting in response to a hacking incident targeting financial companies, Yonhap reported. The meeting follows the breach affecting financial firms, though the number of companies involved and the nature of the attack were not specified. No details on the scope of the incident or the identities of the affected institutions were immediately available.

TREE NEWS update: Bithumb has disclosed a data leak following a breach of its internal mobile system, which employees use for work and information sharing. The South Korean crypto exchange confirmed the incident in a disclosure, without specifying how many staff were affected or what data was exposed. It did not give a date for the breach.

TREE NEWS update: Binance has stopped offering new loans and margin products to Brazilian users, with access to eight products and 22 tokens ending Tuesday, as the exchange seeks a license from Brazil’s central bank. Binance said it applied to the central bank last Friday, days before an Oct. 30 licensing deadline.

TREE NEWS update: A flash loan attack drained 1.01 million USDC from a Tranche Vault on Avalanche, Blockaid said. The attacker used the flash loan to mint inflated tranche shares and redeem the vault’s USDC. A balance check showed none left in the identified contract.

TREE NEWS reports: Mizuho cut its price target on Circle to $43, maintaining a bearish stance on the stablecoin issuer’s shares. The move followed a bank test in which AI chatbots mostly recommended FDIC-insured accounts rather than USDC. The findings suggest limited AI-driven demand for the stablecoin.

TREE NEWS update: Datavault shares fell nearly 50% after the company disclosed a bitcoin-related equity deal involving Biconomy. Datavault plans to restate four financial periods and expects to remove $49 million from its June 2026 assets after reassessing the bitcoin-funded transaction.

TREE NEWS update: Discord will soon make conversations on large public servers searchable on Google, exposing them to audiences beyond their communities. The move raises privacy concerns for users of public channels, and Discord is providing an opt-out mechanism. The change affects public servers, not private conversations.

TREE NEWS update: Solflare’s validator node has stopped earning staking rewards following a security incident at a provider, with validator trackers showing about 1.56 million SOL staked with the node. Solflare said user funds are safe and is preparing an in-app migration.

TREE NEWS reports: SoFi’s third-quarter release shows the digital bank retains roughly one cent of every dollar of crypto transaction revenue, with nearly all of it offset by a matching cost line. The company does not break out other crypto-related spending, leaving the segment’s full economics undisclosed.

TREE NEWS update: IPX has named GRAMMY-nominated artist Ja Rule president of its Celebrity Board of Advisors and a founding shareholder. Ja Rule is also a celebrity co-founder of IPX, which describes itself as an agentic operating system for intellectual property.

TREE NEWS update: South Korea said several large financial investment companies were hacked on the previous day, Yonhap reported. The report gave no details on which firms were affected, how many were hit, or the scale of any data or financial loss. No attribution or official response from the affected companies was disclosed.

TREE NEWS update: Former CFTC Chairman Chris Giancarlo said the White House’s narrower, government-run program allowing firms to hack cybercriminals is “a very mature, thoughtful document,” calling it “just about right.” Giancarlo, who proposed reviving letters of marque against crypto hackers in 2025, made the remarks on Unchained. The plan would permit private companies to conduct offensive cyber operations against attackers under government oversight.