Flash News

TREE NEWS update: MoneyGram has launched its stablecoin-backed Visa card in Colombia, letting users spend the dollar balance held inside the MoneyGram app anywhere Visa is accepted. The virtual card was first promised a year ago. MoneyGram has not disclosed which stablecoin now backs the card.

TREE NEWS update: trade.xyz launched Events, an offering it says aims to turn Hyperliquid into a unified trading system for financial assets and real-world outcomes. The first Up/Down markets cover stocks, commodities and pre-IPO assets, with liquidity provided by trade.xyz perpetuals on HIP-3 and continuous price discovery used as the settlement source. Users can trade a SpaceX pre-IPO perpetual, hedge an upcoming SK Hynix earnings event and pick a US Open champion from one account.

TREE NEWS reports: Bonk Guy said on X that USELESS has hit all-time-high ratios against PEPE, DOGE, PENGU, WIF, FARTCOIN, BONK, SPX and SOL, calling it a possible “meme coin king of this cycle” with a market cap that could reach billions of dollars. He added that USELESS kept drawing new holders through the recent market pullback, and said any dip is worth buying before the fourth quarter as long as the price holds its current range.

TREE NEWS update: Liquid Network resumed block production after deploying emergency software updates, but transactions and peg operations remain suspended while recovery efforts continue. The Bitcoin sidechain had halted operations following a $320 million exploit. No timeline has been given for restoring full functionality.

TREE NEWS reports: ARK Invest crypto analyst Lorenzo Valente said stablecoins show strong network effects, with the field thinning sharply as market-cap thresholds rise. Only 12 stablecoins now top $1 billion, up from single digits in 2021, while the number above $10 billion has fallen from its 2022 peak, leaving only Tether and Circle’s stablecoins. Valente said the cohort to watch is those moving toward $100 billion, then $1 trillion and $5 trillion.

TREE NEWS update: Prediction market Kalshi has launched gold and silver perpetual contracts after receiving approval from the US Commodity Futures Trading Commission, expanding its futures-style product lineup into precious metals derivatives. The platform previously disclosed that monthly trading volume on its commodity-related contracts has topped $400 million.

TREE NEWS reports: Crypto trader Bonk Guy said markets may stay in painful, back-and-forth chop in the near term, especially on-chain, unless tomorrow’s US CPI print shifts the trend, with the condition potentially lasting into the fourth quarter. He said the biggest mistake now is overtrading by chasing new pairs and liquidity rotations, and advised holding high-conviction assets and buying dips, particularly in previously strong names.

TREE NEWS reports: Strive CEO Matt Cole said struggling bitcoin treasury companies will recover in unexpected ways as the bitcoin price rises. Firms with clear plans will emerge stronger, and a small number could see an unpopular rally, he said. Strive is itself a bitcoin treasury company.

TREE NEWS update: MoneyGram has launched a Visa stablecoin debit card, expanding its blockchain-based payments business in a direct challenge to remittance rival Western Union. The card lets users spend stablecoin balances, part of MoneyGram’s push into digital-asset settlement rails. The company did not disclose fees, launch markets or a rollout timeline.

TREE NEWS update: Bitcoin Bancorp (BCBC) has acquired 2,547 crypto ATMs from bankrupt operator Bitcoin Depot for about $620,750, more than a quarter of Bitcoin Depot’s fleet of over 9,200 machines. Bitcoin Depot filed for bankruptcy protection in May after first-quarter revenue fell 49% year over year, swinging from $12.2 million in profit a year earlier to a $9.5 million loss, which it blamed on tighter regulation, transaction limits and local restrictions or bans.

TREE NEWS reports: Crypto futures liquidations across exchanges totaled $503 million in the past 24 hours, with long positions accounting for $432 million and shorts $70.81 million, CoinGlass data shows. Bitcoin liquidations reached $115 million and Ether $104 million, while the single largest liquidation was a $22.63 million ETHUSDT order on Bitget.

TREE NEWS update: Coinbase and payments platform Moov are integrating to bring stablecoin payment infrastructure to community banks and credit unions. The tie-up will use Coinbase’s Payments API and custodial wallets to embed stablecoin rails into Moov’s existing payments platform. The companies did not disclose financial terms or a launch date.

TREE NEWS update: Uniswap Labs introduced StablePair Hook, a Uniswap v4 hook built for stablecoin pairs such as USDC/USDT and USDC/USDG. The hook uses a dynamic fee instead of a fixed fee, adjusting each swap’s cost based on how far the pool price deviates from a reference price, and maintains a fixed spread between buy and sell prices when the price stays near that reference. Uniswap Labs said the design gives traders consistent, predictable quotes while letting LPs capture a larger share of the value they create.

TREE NEWS update: RoboSense announced it will sell its embodied robot complete-machine business and related assets for a total cash consideration of RMB 59.878 million. The buyer is 35% controlled by Dr. Qiu Chunxin, the company’s chairman and chief scientist, making the deal a connected transaction under Chapter 14A of the Hong Kong Stock Exchange Listing Rules. The company said the move is part of optimizing its robotics business layout and resource allocation.

TREE NEWS reports: The trader known as Hyperliquid’s largest long holder has flipped from profit to a $3.39 million unrealized loss on $233 million in long positions after a market drop. The position comprises 1,400 BTC ($110 million, entry $78,672, now down $1.94 million) and 50,000 ETH ($123 million, entry $2,469, now down $1.45 million). The trader reopened longs on August 28 after closing $537 million in longs on August 25 for a $61.72 million gain.

TREE NEWS update: Uniswap Labs has launched StablePair Hook, a Uniswap v4 tool that applies dynamic fees to stablecoin pairs such as USDC/USDT. The hook is designed to help liquidity providers capture more value from stablecoin trading.

TREE NEWS reports: Bitcoin fell alongside US stocks after US producer price inflation came in higher than expected and oil prices surged, pushing the 30-year US Treasury yield to a new 19-year high. The moves came as high inflation and rising bond yields weighed on risk assets.

TREE NEWS update: MoneyGram, the 86-year-old global payments company, launched its first stablecoin-backed Visa card, debuting in Colombia. The card extends MoneyGram’s stablecoin business from remittances into everyday spending. The company entered stablecoins in 2021 via a partnership with the Stellar Development Foundation for cash-to-USDC and USDC-to-cash conversions, and in June introduced its own dollar-pegged stablecoin, MGUSD, for use across its global network.