Flash News

TREE NEWS update: Morgan Stanley initiated coverage of Coinbase Global Inc. Class A shares with an Equal-weight/Neutral rating and a $250 price target. The call marks the Wall Street bank’s first rating on the US crypto exchange. The target implies a level well above recent trading, though the Neutral stance signals limited near-term upside expected by the bank.

TREE NEWS update: Qianwen’s new AI glasses, named N1, were shown in a partially concealed display at the 2026 Bund Summit AI payment zone on September 10, with hardware details still hidden. The glasses will introduce iris recognition with a false-acceptance rate below one in a million, enabling eye-tracking checkout and identity verification while worn. A staff member said that because the N1 has no display, its price may be lower than the S1.

TREE NEWS reports: Bubblemaps said about 80% of traders in the Hunter Biden-linked memecoin LAPTOP lost money after the token, which briefly neared an $11 billion market cap on its first day of trading on a decentralized exchange, plunged more than 99% from above $300 to about $0.84. Two traders lost between $100,000 and $1 million, roughly 100 lost $10,000 to $100,000 and about 700 lost $1,000 to $10,000. The LAPTOP team blamed thin initial market-making liquidity and sniper bots, and said it will place 4 million tokens into an Aerodrome pool to incentivize liquidity and burn tokens via prediction-market triggers, expecting to burn 1% of supply in the first week.

TREE NEWS update: The LAPTOP project said sniper bots and thin liquidity caused a 99% crash on its launch day. The team said it will add pool incentives and expects early prediction-market burns to reduce token supply. No figures or dates were given beyond the launch-day decline.

TREE NEWS update: Elon Musk’s tunnel-boring startup The Boring Company has closed a $3 billion Series D funding round at a $23 billion valuation. The company, which digs underground transit tunnels, did not disclose the lead investor or the full list of participants in the round.

TREE NEWS update: Coinbase’s developer platform said Coinbase for Agents is now live on Grok, allowing users to connect a Coinbase account on grok.com and have Grok execute trades, analysis and automated financial operations without additional MCP configuration. The integration was announced on September 10 via X.

TREE NEWS update: South Korean crypto exchange Upbit announced it will list the BFC token on its Korean won and USDT markets. The listing was disclosed in an official exchange announcement. No launch date or further details were provided.

TREE NEWS update: Privy said on X that it has partnered with Stripe to launch a prebuilt card component that lets developers embed a full cardholder experience into their apps with a single integration. Stablecoin card programs can go live in as little as one month, covering more than 25 countries and regions.

TREE NEWS update: South Korean crypto exchange Upbit will list the REZ token on its USDT market, the exchange said in an official announcement. The listing gives the token a new trading pair against the dollar-pegged stablecoin on one of South Korea’s largest exchanges. No launch date or further details were disclosed.

TREE NEWS update: Binance founder CZ said on September 10 that markets will offer ample opportunities to enter or exit positions, and that the key is for investors to make the “right decision” themselves. The comment was posted as a public statement and did not reference any specific asset, price level or trade.

TREE NEWS update: Bitcoin ZK rollup Citrea said it has restored cross-chain services for ctUSD, USDC, USDT, WBTC and CTR after a full review, with some Solver-based routes still coming back online gradually. The pause followed a security incident at third-party application Zentra Finance, whose team identified the root cause and halted the affected contracts. Citrea said its protocol and bridge contracts were unaffected and will separately disclose the incident’s impact on ecosystem projects including the ctUSD Earn Vault and on depositors.

TREE NEWS update: Hunter Biden’s LAPTOP meme coin launched on Base on Tuesday evening and briefly hit a market cap above $200 billion before falling below $1 within an hour, down more than 99% from its peak, with a fully diluted valuation of about $850 million. Bubblemaps said roughly 80% of traders lost money, while Wintermute sold over 466,000 LAPTOP at an average of $4.47.

TREE NEWS reports: Relayer Capital founder Austin Barack said on Bankless that crypto’s next winners will be applications rather than blockchains, pointing to Venice, Hyperliquid, Pump.fun and ether.fi as tokens whose revenue now flows back to holders through buybacks and burns. He estimated Venice’s annualized revenue at about $107 million as of August 2026, with roughly $8.3 million in annual VVV burns, and a $43.9 VVV target price under optimistic assumptions.

TREE NEWS update: The US sanctioned the Xinbi scam marketplace and restrained $52 million in cryptocurrency, with the Justice Department seizing its Telegram channels and two wallets. Investigators are pursuing 47 additional wallets across Xinbi’s alleged laundering network. The action targets a platform allegedly used to launder proceeds from online fraud.

TREE NEWS update: Trezor said a third-party security breach allowed attackers to send phishing emails from its legitimate domain, following last month’s hack at shipping provider ShipMonk that exposed customers’ personal information. The hardware wallet maker disclosed the incident as users face follow-on phishing attempts tied to the leaked data.

TREE NEWS update: A ferry fire off Palawan province in the Philippines has killed five people, with 87 others unaccounted for, Philippine media reported on the 10th. Search and rescue operations are ongoing.

TREE NEWS update: Hardware wallet maker Trezor said hackers breached its email provider and used the access to send a fake security alert claiming a hardware flaw could expose users’ recovery phrases. The phishing email was designed to trick recipients into believing their wallet seed phrases were at risk.

TREE NEWS update: The US Treasury’s OFAC designated Xinbi Guarantee, a Chinese-language scam marketplace that absorbed Huione’s customers after US regulators shut that network out, while the Justice Department seized its infrastructure. The $24 billion platform’s operators had already told users they were leaving tether for a rival stablecoin that is harder to freeze.

TREE NEWS update: Canary Capital’s TRXS began trading on Cboe with $50.25 million in assets and 90% of its holdings staked. The fund carries a 1.10% fee, well above rival staking funds, but the yield that justifies the structure cannot be reported until the fund has a full quarter behind it.