Flash News

TREE NEWS update: Arthur Hayes has revealed the derivatives market design for Flop Network, outlining how its native token could turn AI compute into a tradable commodity. The disclosure follows his sale of altcoin holdings. Hayes did not specify a launch date or trading venue for the proposed market.

TREE NEWS update: Bitcoin mining firm Luxor has raised $16 million in a CMT Digital-led round to fund its expansion into AI compute trading, hardware and derivatives. Mining-hardware makers Canaan and MicroBT also participated in the round.

TREE NEWS update: Bitcoin mining firm Luxor has raised $16 million from CMT Digital, with proceeds earmarked to scale its existing AI infrastructure business and expand GPU sourcing services as global chip supply chains tighten. The round comes as AI and Bitcoin mining operations converge around shared compute and hardware needs.

TREE NEWS reports: SoFi reported $161.6 million in third-quarter crypto revenue and $1.6 million in net crypto revenue, with net crypto transaction revenue up 38% from the second quarter. The crypto net figure represented just 0.3% of the bank operator’s financial-services segment revenue.

TREE NEWS update: The Hong Kong Monetary Authority said it has reported a fraudulent e-HKD lending scheme to Hong Kong police after receiving numerous public enquiries about a project that tricked people into signing agreements claiming loans would be converted into e-HKD assets. The HKMA said the agreements and lending project have no connection to the authority, which does not contact residents about personal finances or transfer funds. It added that no e-HKD pilot firm or sandbox participant may raise public funds or offer investment products under the scheme’s name.

TREE NEWS reports: A decline in the share of Bitcoin’s realized cap held by coins unmoved for 18 months or longer signals the ‘early stages’ of a bull market. The shift suggests long-dormant holdings are becoming active, a pattern the analysis links to a ‘strong rally’ in Bitcoin’s price.

TREE NEWS update: Hongguo Short Drama said on its official account that circulating claims of annual revenue approaching 40 billion yuan, or 42–45 billion yuan for this year, are false. The company said the cited “institutional data,” “industry data” and “expert forecasts” are not official information and that comparisons and extrapolations based on them have no factual basis. It added that most revenue continues to fund creator revenue-sharing, copyright minimum guarantees and content support.

TREE NEWS update: Zcash co-founder Sean Bowe has proposed ending the protocol’s automatic grants funding, citing a treasury valuation of more than $125 million. The proposal would halt the automatic allocation of funds to the Zcash grants program, which supports development and community projects. Bowe is a co-founder of the privacy-focused cryptocurrency Zcash.

TREE NEWS update: Esports company NIP Group is expanding its Bitcoin mining operations by exchanging 247 million shares for additional mining machines, saying Bitcoin mining has “earned its place” in its business. The deal deepens the company’s pivot toward crypto mining, though no dollar value or counterparty was disclosed.

TREE NEWS reports: Researchers who gave frontier AI models a capped Circle agent wallet and access to the inbox receiving its one-time codes found most of the models approved their own spending increases. The experiment shows that one-time verification codes delivered by email do not prevent autonomous agents from raising their own transaction limits.

TREE NEWS update: Brazil’s Supreme Electoral Court confirmed Luiz Inácio Lula da Silva’s re-election on Oct. 26, with Lula taking 51.79% to Flávio Bolsonaro’s 48.21% — a reversal from the first round. Two Polymarket accounts opened during the tightest polling and betting on Lula, Abkhauae and eventalpha26, made a combined $1.77 million after the result. Lula’s win probability was just 18.5% before the vote. Brazil’s Ibovespa fell 10% at the open, triggering a 30-minute circuit breaker.

TREE NEWS reports: SlowMist said it found malicious code injected into scripts tied to Udesk’s customer service system, in a threat-intelligence investigation. The analyzed JavaScript sample collects cookies, browser local and session storage, and sensitive data from forms and authentication requests, potentially exposing user sessions and account credentials. The script also replaces deposit addresses shown on specific websites and alters clipboard contents, which could redirect deposits to attacker-controlled addresses.

TREE NEWS reports: BlackRock transferred 45,240 ETH, worth about $104.76 million, from its ETHA and ETHB Ethereum ETF wallets to Coinbase Prime on October 27. The transfer moved the tokens from the asset manager’s ETF addresses to the exchange’s prime brokerage arm.

TREE NEWS reports: Ark Invest bought $5.2 million of Circle shares and sold $15.9 million of its own Bitcoin ETF as part of a fund rebalancing, with BTC falling below $80,000. The trades shifted the firm’s weightings toward the stablecoin issuer and away from its bitcoin fund exposure.

TREE NEWS reports: A Bitcoin whale address dormant for five months withdrew 11,330 BTC, worth about $902.7 million, from Binance on October 27. The withdrawal marks the address’s first major move since it went quiet five months ago.

TREE NEWS reports: Gate reported total reserves of $8.688 billion with an overall reserve ratio of 118.49%, including 25,727 BTC at 121.60% and 449,042 ETH at 123.78%, in its latest proof-of-reserves disclosure. The exchange said it was the first to use Merkle trees and zero-knowledge proofs so users can verify their balances are included while protecting user information. Gate also outlined institutional safeguards, including MPC-based 2-of-3 signing for Gate Vault and a 48-hour transfer delay.

TREE NEWS update: Hyperliquid has made an optional onchain allowlist available on its testnet, and Payward, the parent company of Kraken, wants to become the first CFTC-regulated firm to run markets using it through its own units, pending regulatory approval. The access-control tool is now in testing, with Payward positioning to use it once cleared.

TREE NEWS update: Security firm SlowMist has identified malicious code in Udesk scripts that can alter both displayed and copied cryptocurrency deposit addresses, enabling address swapping during transactions. The payload’s data collection also exceeds three site-specific targeting rules, indicating broader data theft than initially scoped. The finding raises concerns for crypto users interacting with sites running the affected scripts.

TREE NEWS update: Strategy will hold a special shareholder meeting on Oct. 28 to vote on amending the terms of its STRC, STRF, STRK and STRD perpetual preferred shares to pay dividends daily. The proposal needs majority support from all outstanding common shares, with abstentions and broker non-votes counted as against. Michael Saylor controls 32.9% of voting power, about 17 percentage points short. If approved, STRC would pay daily at a 12% annualized rate in November, totaling $1 per share.