Flash News

TREE NEWS update: Circle is partnering with payments-technology firm ACI Worldwide to pilot USDC settlement within Colombia’s instant-payments network. The collaboration aims to fold stablecoin settlement into the country’s real-time payment rails, extending Circle’s push into Latin America. No timeline or transaction volume for the pilot was disclosed.

TREE NEWS reports: A version-and-chain reference now distinguishes governance approval of the Uniswap fee switch from activated fee settings, collected assets and completed UNI token burns. The framework maps each stage across protocol versions and chains, separating what has been approved from what has actually been switched on. It also tracks which assets have been collected and whether UNI buybacks and burns have been completed.

TREE NEWS update: US authorities have charged six people over an alleged NFT wallet-draining scheme linked to Madagascar, with an FBI affidavit estimating at least $516,695 in losses across 74 victim-linked wallets. The affidavit also describes unlimited USDT spending approvals used in the operation.

TREE NEWS reports: The US Commodity Futures Trading Commission is investigating whether prediction market Polymarket violated a 2022 agreement that barred it from serving US users. The probe covers Polymarket’s US access controls, advertising campaigns, and customer onboarding and protection measures on its US platform. Polymarket settled with the CFTC in 2022 over offering unregistered event contracts and paid a $1.4 million penalty.

TREE NEWS reports: The U.S. Commodity Futures Trading Commission is investigating whether prediction market Polymarket violated its 2022 agreement barring U.S. users, examining the platform’s U.S. controls and advertising, as well as customer access and protections on its U.S. platform. Polymarket settled with the CFTC for $1.4 million in 2022 over offering unregistered event contracts.

TREE NEWS update: Crypto.com and derivatives partner OG.com began rolling out crypto perpetual futures to eligible US traders on October 28, offering up to 5x leverage, take-profit and stop-loss orders, and isolated margin. The products run through OG.com’s CFTC-regulated exchange, clearinghouse and futures commission merchant, while Crypto.com is registered with the NFA as an introducing broker. The CFTC opened US markets to crypto perpetuals in May; Kraken launched its US perpetuals product in June.

TREE NEWS reports: Aave deposits earn through a single reserve, while Bitso’s Morpho vault delegates allocations to a curator. Neither balance guarantees immediate USDC withdrawals. The distinction matters for lenders weighing yield against exit liquidity.

TREE NEWS update: Crypto.com and OG.com have launched US crypto perpetual contracts that carry no expiration date and allow traders to bet on prices rising or falling, with leverage of up to 5x. The products mark the two platforms’ entry into US perpetual futures trading.

TREE NEWS update: The Commodity Futures Trading Commission filed a federal complaint against Utah seeking to bar the state from investigating or enforcing its laws against Kalshi and Susquehanna, which operate federally regulated prediction markets. The suit targets Utah’s case against the two firms, arguing state action conflicts with federal oversight of those markets.

TREE NEWS reports: Millennium Management, the $97 billion hedge fund, is developing tools for its portfolio managers to use data from prediction market platforms including Polymarket and Kalshi as trading signals for traditional asset classes, with some managers focusing on geopolitical, economic and commodities-related markets. The fund does not currently trade prediction market contracts directly, and Millennium, Polymarket and Kalshi all declined to comment.

TREE NEWS reports: Chuck Todd described prediction markets as a “fact checker” for journalism as Kalshi, Polymarket and Robinhood pitched contracts extending well beyond elections. The three platforms presented their offerings at the NEXTPredict event, framing the products as a midterm test for the sector and highlighting retail participation. The discussion covered a $3 million hedge alongside the broader push into non-election contracts.

TREE NEWS reports: A new OpenAI paper declares ETH false, a claim that hundreds of research papers lean on, drawing reactions from crypto Twitter and mathematicians. The paper’s assertion challenges a foundational claim in Ethereum research, prompting debate over its implications. No further details on the paper’s methodology or OpenAI’s response were provided.

TREE NEWS update: Predict.fun said it will fully refund users after roughly 400,000 USDT was stolen from the platform. A preliminary investigation points to a possible compromise of its third-party API documentation site, which the platform has taken offline. The platform did not provide a timeline for the refunds.

TREE NEWS update: Myriad has voided 10 prediction markets following a compromise of an admin wallet, the platform said. Holders on both sides will receive automatic refunds at pre-attack prices, minus any winnings already claimed. The decision cancels all trading outcomes for the affected markets.

TREE NEWS update: Spicenet, a brokerage network for on-chain finance, has raised a $5 million Series A led by dao5, with Babylon and Astrarizon participating. Combined with its $3 million seed round co-led by Hack VC and Magnus Capital, total funding now stands at $8 million. The proceeds will fund the launch of cross-venue margin product Spice Edge and the SPICE token, plus initial liquidity for network products. Spice Flow’s beta has processed over $160,000 in trading volume.

TREE NEWS reports: USDC has captured 56% of euro stablecoin trading since January 2024, overtaking USDT as deeper liquidity builds around the Circle-issued token, Kaiko data shows. The shift comes as exchanges restrict USDT trading under the EU’s MiCA rules, reshaping the euro stablecoin market.

TREE NEWS update: Coinbase Assets said it will list Stable (STABLE) for spot trading, with the STABLE-USD pair opening in supported jurisdictions once liquidity conditions are met; no launch time was given. STABLE will be available on Coinbase’s website, app and Coinbase Advanced, and institutional users can access it through Coinbase Exchange. Coinbase had previously added STABLE to its listing roadmap.

TREE NEWS update: Coinbase will automatically convert balances of 14 restricted crypto assets held by retail users in the European Economic Area on Oct. 30, 2026, to comply with the EU’s MiCA regulation. The affected tokens — including USDT, PYUSD, DAI, PAXG and USDS — lack MiCA authorization, and Coinbase has already suspended trading and buying or selling of them for EEA retail users. Users must withdraw to a supported external wallet before the deadline or remaining balances will be converted to USDC or other supported assets or fiat at market prices.