Flash News

TREE NEWS update: Cronos says $9.19 million remains unrecovered after the Tectonic exploit. A subsequent chain rollback reversed roughly $111.2 million, but the remaining funds had already left the chain.

TREE NEWS update: Ethereum core developers have included EIP-8141 (Frame Transactions) in the planned Hegotá upgrade, expected in 2027. The proposal enables one account to pay gas fees on behalf of another, allowing users to transact with stablecoins without holding ETH. It also bundles token approvals with transactions and supports changing authorization methods or adopting quantum-resistant keys without transferring assets. The proposal remains a draft and details may change before implementation.

TREE NEWS reports: F2Pool co-founder Wang Chun said on X that Zcash’s recent price surge is driven more by narrative, exchange listings and short squeezes than by fundamentals. He cautioned that its market cap ranking near Solana and Hyperliquid does not reflect comparable real-world utility.

TREE NEWS reports: A Hyperliquid trader identified as 0x152e…c9dc has accumulated total profits of $25.1 million, with $13.27 million earned in the past 30 days. The trader currently holds 177,590 HYPE long positions valued at approximately $14.97 million, with an average entry price of $56.03 and current price of $84.30, yielding unrealized gains of about $5.02 million.

TREE NEWS update: Australia’s financial intelligence agency AUSTRAC removed 45 crypto and remittance registrations over the past year, including canceled, suspended, and unrenewed ones. The action against GetCoins helped disrupt organized investment scams.

TREE NEWS update: Bitcoin wallet Xverse has launched a self-custody bitcoin staking service, allowing users to pair sBTC with STX tokens to participate in Stacks’ PoX-5 lock-up cycle. Throughout staking, bitcoin remains on the mainnet and under user control, with no bridging or wrapping required. The feature requires wallet version v2.9, enrollment ends September 9 or when capacity is filled, and rewards begin around September 10, coinciding with bitcoin block 966350 and Stacks cycle 143. Anchoring participants include UTXO (a Nakamoto Inc. subsidiary), HashKey Cloud, and 21shares. Previously, Xverse managed around 152 million STX in non-custodial staking.

TREE NEWS reports: A trader spent 4,400 USDC to buy 18.6 million 4Stock tokens within about two hours, now holding an unrealized value of roughly $780,000—about 177 times the initial cost—and becoming the largest holder. The gains are based on current on-chain prices and may not be fully realizable due to potential illiquidity and slippage if sold in bulk.

TREE NEWS update: LayerZero announced that BDACS, a South Korean digital asset custodian, has adopted LayerZero Labs’ OFT standard for the KRW1 stablecoin, enabling native cross-chain interoperability. KRW1 is now the first Korean won stablecoin that can move natively across major DeFi ecosystems, with supply flowing seamlessly without wrapped tokens, avoiding liquidity fragmentation.

TREE NEWS update: Canary’s Staked TRX ETF (TRXS) will list on Cboe on September 9. SEC filings show the fund aims to provide exposure to TRX price and earn additional TRX rewards via Tron network staking. Canary filed its fourth amended S-1 on August 19.

TREE NEWS update: Ethereum is aiming to achieve full post-quantum security by 2029, beginning with account abstraction and censorship resistance upgrades for its upcoming Hegotá hard fork. The initiative marks a proactive step to future-proof the network against quantum computing threats.

TREE NEWS update: The Ethereum Foundation’s protocol team has released an EIP priority list for the Hegotá upgrade, setting a December 2029 target for quantum safety across execution, consensus, and data layers. FOCIL (EIP-7805) and Frame Transactions (EIP-8141) are marked as ‘must-include,’ enhancing censorship resistance and enabling native account abstraction, custom signatures, and gas sponsorship while improving post-quantum readiness.

TREE NEWS reports: IOST jumped more than 44% in the past 24 hours, trading at $0.001092. The sharp gain highlights renewed interest in the token amid broader market moves.

TREE NEWS reports: Telegram experienced a suspected outage on the morning of September 8, with Downdetector reports in Singapore spiking to nearly 4,000. Approximately 50% of reports cited app malfunctions, 40% message sending failures, and 5% login issues. Connectivity problems were also reported across about six regions, mostly connection issues. No official explanation from Telegram has been provided.

TREE NEWS update: White-hat hackers returned 85% of the Bitcoin withdrawn from Liquid’s federation wallet, totaling $270 million, as the network prepares to restart. The funds were recovered following the security incident, with the remaining 15% still outstanding. Liquid is now moving to resume operations.

TREE NEWS update: Cronos Labs CEO Ryan Wyatt announced on X that Crypto.com’s token launchpad eligibility details will be revealed this week, with the app launching within 10 days. Following the launch, a proposal will be introduced to use 100% of app revenue to buy back and burn CRO tokens.

TREE NEWS update: Cronos Network announced that validators paused the network at 10:32 PM Beijing time on August 30 after a price manipulation attack on Tectonic protocol involving about $120 million in loans. They rolled back the chain to a pre-attack block and resumed block production at 7:49 AM the next day, recovering approximately $111 million. About $9.19 million (7.6%) flowed out before the pause and remains unrecovered. Users need no action; settlement is ongoing and phishing links are warned.

TREE NEWS update: South Korean crypto exchange Bithumb announced it will list CP tokens in its Korean won market, with trading expected to open at 15:30 local time on September 8. The exchange made the announcement via an official notice, marking the token’s availability to Korean investors.

TREE NEWS reports: Crypto trader Taiki Maeda detailed his long ZEC position, calling it a once-in-a-lifetime trade. He argues Zcash is being repriced from a privacy coin to a privacy-focused store of value, with price reflexivity and ETF access boosting adoption. Maeda sold during June’s Orchard vulnerability scare and re-bought higher, citing market validation. He holds ZEC as most of his net worth.

TREE NEWS update: Cluster Protocol (CP) token surged to $0.28 in the past hour, with volatility exceeding 50%, following its listing on Upbit. Currently trading around $0.027, CP is up 24% in 24 hours with $28.43 million in volume and a market cap of $24.53 million.