Flash News

TREE NEWS reports: Publicly listed Bitcoin miners produced bitcoin at an average ex-tax cash cost of roughly $75,500 in the second quarter, CoinShares said, a level that makes a price recovery unlikely to draw AI-focused miners back to BTC mining. The figure reflects the all-in cost of production for listed miners after taxes.

TREE NEWS reports: Crypto futures liquidations across exchanges totaled $493 million in the past 24 hours, with $299 million in long positions and $194 million in shorts, CoinGlass data shows. Bitcoin liquidations reached $147 million and Ethereum $206 million. The largest single liquidation, worth $11.77 million, occurred on Binance’s ETHUSDT pair.

TREE NEWS update: An MEV bot called “Yoink” front-ran an attacker attempting to exploit a custom Safe module and captured the stolen rsETH, valued at $7.7 million, before Kelp temporarily froze the receiving address. The bot intercepted the funds ahead of the exploiter, and the receiving address was subsequently frozen by Kelp.

TREE NEWS update: UK bitcoin treasury company Stack BTC has signed non-binding terms to acquire London precious-metals dealer DB London Ltd, which trades as Direct Bullion, for up to £12 million. The consideration comprises £3 million cash at completion, roughly £4 million in new shares and about £5 million in earn-out payments, with shares priced at no less than 6 pence each and subject to a four-year lock-up. Direct Bullion reported audited revenue of £52.1 million and £2.15 million after-tax profit for the year to 31 January 2026, with three-year revenue growth of 288%.

TREE NEWS update: Solana digital asset treasury company Forward Industries (Nasdaq: FWDI) submitted an updated non-binding proposal to acquire all outstanding common stock of SkyAI, offering cash, Forward shares, or a combination. The offer values each SkyAI share at 0.306 Forward shares, or about $2.13 based on Forward’s Sept. 14 close of $6.95 — a 50% premium to SkyAI’s $1.42 close that day. Forward asked SkyAI’s board to respond by 5:00 p.m. ET on Sept. 25.

TREE NEWS reports: Bitwise Chief Investment Officer Matt Hougan said the US is sacrificing an opportunity to make the crypto industry safer, attract investment and keep leading global financial markets for the next 50 years, in exchange for short-term political gain. Hougan made the argument in a post on US crypto policy discussion.

TREE NEWS reports: Machi (Jeffrey Huang) has lost more than $5 million over the past week and is cutting positions to limit losses as the market declines. He now holds only a 20,000 ETH long position worth about $47.98 million, with a liquidation price of $2,380.57.

TREE NEWS update: Cross-chain protocol Symbiosis said two software flaws in its Bitcoin Bridge were combined in an exploit that let an attacker mint roughly 46.1 billion unbacked syBTC — over 2,000 times bitcoin’s 21 million supply cap. The attacker deposited only 330 satoshis, worth about $0.25, then completed 12 fake deposits across BNB Chain, Ethereum and Rootstock in about four minutes. Initial losses are estimated at about $770,000.

TREE NEWS reports: Bitcoin gave back its entire post-golden-cross rally in a single red candle, with a make-or-break Senate vote on the Clarity Act due this afternoon and the Fed weighing a rate hike. The drop wiped out gains booked since the technical signal, leaving traders focused on the legislative outcome and monetary policy.

TREE NEWS update: The European Central Bank is recruiting e-commerce and mobile-commerce merchants in the euro area to take part in a 12-month digital euro pilot starting in the second half of 2027. The trial will test the technology, operational processes and user experience of a test version of the digital euro that will resemble the real thing but carry no legal-tender status. The ECB, the 19 euro-area national central banks and selected merchants will take part, with central bank staff acting as users.

TREE NEWS update: Senate Republicans, led by Senator Cynthia Lummis, rejected a Democratic counterproposal hours before an initial vote on the Clarity Act. The procedural vote on the crypto market structure bill is expected shortly, with Republicans pushing back on Democratic demands. The standoff leaves the bill’s path uncertain as the chamber prepares to vote.

TREE NEWS update: The Digital Asset Tax Certainty Act heads to a House Ways and Means vote on Wednesday, exempting crypto transactions with fees of $10 or less. The bill taxes mining and staking rewards as ordinary income, with no option to defer — dropping the staking tax break the industry had sought.

TREE NEWS reports: The odds of the Clarity Act passing have fully reversed their recent move following Democrat pushback, with crypto majors reversing alongside. The bill’s passage prospects are now back to where they stood before the recent gain. It remains unclear whether any path to passage is left for the legislation.

TREE NEWS reports: Tether’s USDT stablecoin was used in a failed oil trade that cost a Polish energy giant $230 million in late 2023. The deal, reported by the Financial Times, involved the stablecoin as part of the transaction. Further details of the trade and the parties involved were not immediately disclosed.

TREE NEWS update: Altera has confidentially filed for an initial public offering. The filing, submitted under confidential review, keeps the company’s financial details and offering terms out of public view for now. No pricing, share count, valuation or listing venue was disclosed, and no timeline for the offering was given.

TREE NEWS update: The Senate votes Tuesday, September 15, on a procedural motion to advance the Digital Asset Market Clarity Act, the major crypto market structure bill. The motion needs at least seven non-Republican votes to reach the 60-vote threshold and move toward a full floor vote.

TREE NEWS update: Huawei supervisory board chairman Guo Ping told new employees the company’s goal in ICT and computing is to become the Nvidia of China,000-word internal Q&A published on Huawei’s Xinsheng Community. Guo said Huawei focuses on connectivity and computing, and that its large-model strategy is tightly tied to its own business, with investment maintained but deployed differently across business scenarios.