Flash News

TREE NEWS update: NEAR has added a confidential pre-IPO trading contract for Jio ahead of the Indian telecom giant’s listing. The contract offers up to 5x leverage and is expected to convert into an equity perpetual after the listing, without delivering shares or IPO allocations.

TREE NEWS reports: SoFi disclosed 503,000 crypto products for the first time, with gross crypto revenue rising 20% to $162 million. The fintech firm’s total net revenue reached a record $1.39 billion in the period. The breakdown marks the company’s first public accounting of its crypto business.

TREE NEWS update: Robinhood has opened its Earn product to all eligible users, letting them lend onchain USDG. Deposits are routed to a Steakhouse-curated Morpho vault on Robinhood Chain, where rewards top up lending interest. Withdrawals depend on vault liquidity.

TREE NEWS update: Ripple and C2FO are testing the settlement of approved invoice payments on the XRP Ledger, while BNY has added XRP and RLUSD to its custody platform. The two developments pair a payments pilot with expanded institutional custody for the XRP ecosystem. No timeline or volume figures were disclosed.

TREE NEWS update: ENSv2 activation has been queued, setting up the end of new registrations on ENSv1. The migration to the new system will have no deadline and will be irreversible, and some names are excluded from automatic reservations in ENSv2. The material does not specify an activation date.

TREE NEWS update: SUN.io completed its 52nd SUN token buyback and burn on October 27, destroying 7,232,977.17 SUN for the July 25–October 25 period. Cumulative burns since December 2021 have reached 685,780,165.49 SUN, worth over $11 million and equal to 3.44% of total supply. The burns are funded by protocol revenue from SunSwap V2, SunPump and SunX.

TREE NEWS update: Galaxy Digital returned to profitability in the third quarter with a $323 million profit, driven by higher trading volumes and lending activity. The crypto financial services firm also announced a new $200 million share buyback authorization. The swing back to profit marks a sharp reversal from its prior loss-making quarter.

TREE NEWS update: Bitcoin mining infrastructure firm Luxor has raised $16 million to expand its AI business and hire about 12 people by year-end, COO Ethan Vera said. The company plans to use the new capital to grow its artificial intelligence operations, adding staff before the end of the year.

TREE NEWS reports: Crypto traders betting that McDonald’s McRib comeback would trigger a Bitcoin pump are wrong, experts say, citing “no correlation at all” between the fast-food item’s return and the cryptocurrency’s price. The McRib’s limited-time reappearance on McDonald’s menu had been treated by some in the crypto community as a bullish signal for Bitcoin.

TREE NEWS reports: Polymarket investigated dozens of midterm election bets, with at least two investigations referred to the CFTC, as the platform’s market on House control approached $24 million in cumulative trading volume. The prediction market’s internal reviews and the referrals to the US derivatives regulator were reported as the House-control contract drew heavy trading.

TREE NEWS reports: Crypto market structure describes the architecture behind digital asset markets, covering who participates, where trades happen, how liquidity forms and prices are discovered, and how derivatives and funding rates operate. It also explains how market design affects execution, fairness, risk and resilience. The framework is presented as an explanatory overview rather than tied to a specific event or date.

TREE NEWS update: Sungrow said on its investor interaction platform that it currently has no plans to produce semi-solid-state batteries. The company also announced that its EnerNeo SST received system-level and key-component certification from TÜV Rheinland under UL, IEC, EN and 2PfG standards, making it the world’s first SST product to obtain both European and US system-level dual certification and positioning it for scaled commercial deployment in European and US data center markets.

TREE NEWS reports: Polymarket has investigated dozens of midterm election bets, the firm’s new head of investigations said, with its surveillance system flagging hundreds of alerts daily and at least two cases referred to the CFTC. The disclosure details the prediction market’s internal compliance process for election-related wagers.

TREE NEWS update: Bitget Wallet launched Virtual Account, giving users personal USD and EUR account numbers from licensed partner Noah inside the self-custodial wallet. Incoming deposits via ACH, Fedwire, SEPA and SWIFT convert automatically to USDT or USDC. The feature is being rolled out to the wallet’s 100 million users.

TREE NEWS reports: Former Morgan Stanley and Weiss executive Jordi Visser said AI agents are boosting demand for crypto and that the asset class could outperform AI stocks. Visser, a Wall Street veteran, is expanding his holdings beyond Bitcoin, Ether and Solana. He did not specify which additional tokens he is buying or give a timeframe for the call.

TREE NEWS reports: Strategy’s STRC preferred shares accumulate unpaid dividends and restrict payments to common shareholders, but the preferred status gives holders no collateral claim on the company’s bitcoin. The distinction separates what MSTR common and STRC preferred holders can claim.

TREE NEWS reports: A matched price-gap example shows a stop-loss order may sell below its trigger price while a stop-limit order can leave tokens unsold when the market gaps past the limit. Onchain swaps add liquidity and transaction checks to the execution, meaning a triggered order is not the same as a filled one.

TREE NEWS update: CATL has signed a memorandum of understanding with European energy storage solutions provider INTILION. Over the next five years, the two companies will deploy 3GWh of CATL’s TENER energy storage systems in Germany, Switzerland and Austria, for use in grid-scale and commercial & industrial applications.

TREE NEWS reports: Early Uber investor Jason Calacanis predicted a “brutal year” for Bitcoin and said holders should shift to AI, forecasting more ETF outflows and a retest of a “57k low” within a year. He did not give a specific date for the expected retest.