Flash News

TREE NEWS reports: The attacker behind the Ledger incident has transferred 2,990 ETH into Tornado Cash. Separately, an analyst flagged more than 20 Ledger resellers as potentially high-risk and urged users to check where they buy hardware wallets. Ledger has not publicly confirmed the fund movement.

TREE NEWS reports: An attacker linked to the CryptoBilis Ledger hardware wallet incident deposited 2,990.3 ETH, worth about $7.45 million, into Tornado Cash between Oct. 9 and Oct. 10. On-chain sleuth Specter said the funds were first withdrawn across 14 addresses, bridged to the ZEC network via NEAR Intents and further privacy-processed. Some withdrawal transactions reused earlier deposit addresses, leaving traces researchers could follow.

TREE NEWS reports: A single whale has racked up roughly $10.301 billion in cumulative trading volume while posting a lifetime loss of about $933,200, with no positions currently open. All 1,058 settled positions used 1000x leverage, 37 of them were liquidated, and cumulative margin losses reached about 361,000 USDC across bitcoin and ether. The same wallet has staked about 84.98 million PAPER, roughly 1.59% of total platform staked supply, claiming about 223,900 USDC in rewards.

TREE NEWS reports: Ethereum’s 24-hour trading volume on Hyperliquid has surpassed Bitcoin’s, reaching about $1.1 billion. Analysts linked the rise to a suspected mechanism exploit on PaperTrade, which may have driven up ETH trading demand. Crypto trader Rune had earlier flagged that PaperTrade’s own documentation disclosed a pricing-manipulation risk involving Hyperliquid’s best bid and offer order book.

TREE NEWS reports: Ethereum’s 24-hour trading volume on Hyperliquid has surpassed Bitcoin, reaching approximately $1.1 billion. Analysts link this surge to the suspected exploitation of a mechanism on PaperTrade, which may have boosted ETH trading demand. Crypto trader Rune previously pointed out that PaperTrade’s own official documentation disclosed price manipulation risks involving Hyperliquid’s best bid and best ask order book.

TREE NEWS update: On Hyperliquid, Ethereum’s 24-hour trading volume surpassed Bitcoin’s, reaching approximately $1.1 billion. Analysts link this surge to a suspected mechanism exploit on PaperTrade, which may have driven up demand for ETH trading. Crypto trader Rune previously pointed out that PaperTrade’s own official documentation disclosed the risk of price manipulation related to Hyperliquid’s top bid and ask order book.

TREE NEWS reports: Crypto trader Rune said on X that PaperTrade’s official documentation already discloses an “attack” risk in its pricing mechanism, identifying manipulation of Hyperliquid’s BBO (Best Bid and Offer) order book as the protocol’s main risk point. The disclosure covers unresolved manipulation paths, contract economics and exposure controls, and operational safeguards and permission management, Rune said.

TREE NEWS reports: Six wallets opened 3x leveraged long positions totaling 11.7 million LUMIA on Aster, worth $1.9 million, after the token rose 100%, on-chain tracker Lookonchain said. The positions show roughly $949,000 in unrealized profit, with the best-performing wallet up more than 160%.

TREE NEWS reports: Circle issued about $9.7 billion in USDC and redeemed about $10.5 billion in the seven days through Oct. 8, cutting circulation by roughly 800 million tokens. Total USDC in circulation stands at 73 billion, backed by about $73.2 billion in reserves, including $36.3 billion in overnight reverse Treasury repo, $26.9 billion in Treasuries maturing in under three months, $9.3 billion in deposits at systemically important institutions and $700 million at other banks.

TREE NEWS reports: Filecoin is approaching the end of its six-year vesting schedule, which will remove roughly 68 million FIL from annual token releases. At the current mining pace, annualized additions from vesting and block rewards are set to fall from about 89 million FIL to 21 million. Storage-provider rewards continue.

TREE NEWS reports: Papertrade is facing an oracle-manipulation allegation after a cited wallet showed roughly $1.73 million in realized trading gains on PaperDash. The platform’s loss-funded pool pays winners, with unpaid profits queued when cash runs short, and its house pool currently stands at $3.14 million.

TREE NEWS reports: One year ago, on Oct. 11, 2025, crypto markets suffered a record single-day liquidation of more than $19 billion. Bitcoin, which had hit an all-time high of $126,080 on Oct. 7, fell 12.7% from about $116,900 to $102,000 in 30 minutes around 16:50 Beijing time. Binance paid roughly $283 million in compensation to affected users after extreme price deviations, including ATOM at $0.001 and USDe at $0.65.

TREE NEWS update: One year ago, on October 11, 2025, the crypto market suffered the largest single-day liquidation in history, exceeding $19 billion. Bitcoin, after hitting an all-time high of $126,080 on October 7, fell 12.7% from around $116,900 to $102,000 within 30 minutes at approximately 16:50 Beijing time. Binance paid about $283 million in compensation to affected users following extreme price deviations, including ATOM at $0.001 and USDe at $0.65.

TREE NEWS reports: SUI has climbed 54% over the past four weeks, outpacing both bitcoin and ether, though a recent pullback interrupted the rally. The token’s DeFi liquidity also expanded over the same period, but at a slower pace than its price, leaving the rally only partly matched by on-chain activity.

TREE NEWS update: SUI has risen 54% over the past four weeks, outperforming both bitcoin and ether, even though a recent pullback interrupted its upward momentum. The token’s DeFi liquidity also expanded during the same period, but at a slower pace than its price, meaning the rally is only partially reflected by on-chain activity.

TREE NEWS update: Pump.fun will change how it pays rewards for token callouts, linking payouts to the profits earned by a caller’s followers, co-founder Alon said. Low-cap token recommendations will earn less under the new structure, which takes effect with the Oct. 10 payout.

TREE NEWS reports: Papertrade traders lost $18.2 million, while staking rewards on the platform reached $12.6 million. The staking payouts equaled roughly 69% of net trading losses, but the rewards redistribute funds to PAPER stakers rather than reimbursing each individual losing trader.

TREE NEWS reports: Papertrade traders have accumulated a net loss of $18.2 million, while platform staking rewards over the same period totaled approximately $12.6 million, equivalent to about 69% of the net trading losses. These rewards are distributed to PAPER stakers rather than proportionally compensating every losing trader.

TREE NEWS update: Papertrade traders lost $18.2 million, while staking rewards on the platform reached $12.6 million. Staking payouts equaled roughly 69% of net trading losses, but the rewards redistribute funds to those who stake PAPER rather than reimbursing each trader who suffered losses.

TREE NEWS reports: Binance said bitcoin bottomed at 21:20 UTC and the depeg event began at 21:36, after which CZ dismissed related accusations as “far-fetched.” Ethena and Dragonfly’s Haseeb Qureshi said the timeline does not add up, while Star Xu said bitcoin fell first and leveraged loops amplified the drop.