Flash News

TREE NEWS reports: Ethereum layer-2 networks are commercially successful yet contribute minimal fees to Ethereum. Base, the largest L2 by TVL at $14.42B, paid about $8,800 in fees over 30 days, roughly $290 daily. Most enterprise L2s remain at stage 0/1, not achieving full stage-2 finality, leading the analyst to argue their success doesn’t equate to Ethereum’s.

TREE NEWS update: A fund managed by Jefferies has filed a lawsuit in London accusing Radiant World of fraud. The claim, reported by Bloomberg, alleges fraudulent conduct by the company. Details of the allegations and the amount sought were not disclosed in the initial report.

TREE NEWS reports: Visa’s stablecoin settlement volume has surpassed a $20 billion annualized run rate, up more than 15x year over year. Payment volume grew nearly 200% year over year.

TREE NEWS update: Polish prosecutors charged Roman Ż. with two offenses following his arrest on Sept. 5, making him the fifth suspect in the Zondacrypto investigation. The probe involves estimated losses of around $100 million.

TREE NEWS update: Strategy has raised approximately $20.9 billion in equity issuance this year, ranking fourth in the US, behind SpaceX, Alphabet, and Intel. Per its latest 8-K filing, the company netted $602.8 million from selling MSTR shares, using $369.7 million to buy 4,603 BTC at an average price of $80,318. As of August 30, Strategy holds 845,050 BTC, with a cumulative cost of about $63.73 billion.

TREE NEWS update: Ethereum’s EIP-8141, ‘Frame Transactions,’ was approved for inclusion in the 2027 Hegotá hard fork, allowing users to pay gas with stablecoins while protocol settles in ETH. The upgrade splits transactions into up to 64 frames, separating gas payment from asset transfer. Analysts say ETH demand shifts from retail to institutional holders, not reduced overall.

TREE NEWS reports: On the evening of September 3, ChatGPT, Claude, and Grok experienced simultaneous outages, leading many to suspect Cloudflare. However, Cloudflare’s status page showed no global incident, and no evidence suggests a common cause. The incident highlights Cloudflare’s critical role as internet infrastructure, often blamed during outages even when not at fault.

TREE NEWS update: Ledger’s CTO has urged AI bug hunters to act responsibly and warned against ‘attention farming.’ Along with Trezor, Ledger stated that researchers have a duty to publish their findings if vendors fail to fix vulnerabilities within an agreed disclosure timeframe.

TREE NEWS update: A Polish court has detained a fifth suspect in the investigation into cryptocurrency exchange Zondacrypto. The exchange’s two chief executives have vanished four years apart, leaving 1.3 million clients locked out of their funds.

TREE NEWS update: The Ethereum Foundation’s Protocol cluster has set a hard deadline of December 2029 to make Ethereum’s base layer quantum-resistant. It also graded 62 proposals for the fork that will determine whether the post-quantum upgrade proceeds as planned.

TREE NEWS update: Attackers behind the Liquid Network breach have returned 3,400 BTC to the federation wallet, but nearly 600 BTC worth about $47 million remain unreturned. The sidechain remains frozen as Blockstream prepares a restart. Most of the stolen bitcoin is back, yet the shortfall persists.

TREE NEWS reports: Unrealized gains by whale speculators reached record highs last week. This surge in profits may prompt increased selling pressure from new Bitcoin whales, potentially impacting market dynamics.

TREE NEWS update: Samsung Electronics has opened an advanced semiconductor packaging R&D center in Yokohama, Japan, as part of a five-year plan announced in 2024 to invest about 40 billion yen in expanding research infrastructure and strengthening advanced packaging technology. The Advanced Package Lab will collaborate with Japanese companies, universities, and research institutes to develop next-generation packaging materials and processes. Samsung aims to staff the center with over 100 researchers by 2027.

TREE NEWS reports: Bonk Guy, the top ‘Meme trader’ on Fomo, has amassed over $15 million in profits, doubling the runner-up’s gains. His callouts have revived old memecoins like USELESS and Marscoin, and new ones like SUE and SOCK quickly broke $10 million market cap. Analysts suggest the ‘Bonk Guy effect’ may persist until the end of the month, based on past memecoin cycles.

TREE NEWS reports: Metaplanet’s stock fell 17% this week as investor concerns persisted over its expanded Series 10 executive option pool and CEO Simon Gerovich’s ties to MMXX Ventures. A public note from Gerovich failed to ease worries, leaving shares under pressure.

TREE NEWS reports: Bernstein analysts see 31% upside for Robinhood shares, citing its new blockchain’s fee generation of $33 million over 15 days, which has surpassed Solana and BNB Chain. The chain’s performance is a key driver for the brokerage’s crypto expansion.

TREE NEWS update: Li Tuchun, former president and board chairman of Hunan Taizi Milk Group, has died, his son Li Shuai confirmed on September 8. The news was first reported by local media. He was a prominent figure in China’s dairy industry.

TREE NEWS update: Fractal Bitcoin completed its first halving at block height 2,100,000, activating FIP-102. The proposal extends FB distribution to the Bitcoin mainnet, with block rewards on Fractal reduced to 6.25 FB and an additional 6.25 FB allocated for mainnet issuance. No increase in total supply. Mainnet distribution details will be defined in FIP-103, targeting completion by Q1 2027.