Flash News

TREE NEWS reports: Hyperliquid generated about $357 million in fees in Q3 2025 and roughly $202 million in Q2 2026, while Polymarket’s fees rose from about $21.53 million in Q1 2026 to around $150 million in Q2. The figures highlight a shift from narrative-driven tokenomics toward revenue-driven value capture, with Hyperliquid routing eligible trading fees to an Assistance Fund that buys HYPE.

TREE NEWS update: Meanwhile, a Bitcoin life insurer backed by Sam Altman, has raised additional funds, following increased international demand for its Bitcoin life insurance policies amid broader macro instability. The company did not disclose the size of the round or the investors involved.

TREE NEWS reports: Meanwhile, the Sam Altman-backed Bitcoin life insurer, has raised additional capital after international demand for its Bitcoin life insurance policies increased amid widespread macroeconomic uncertainty. The company did not disclose the size of the funding round or the investors involved.

TREE NEWS reports: Two wallet addresses opened a long position of 7.2 million SYN, worth about $1.34 million, on the Aster platform. The combined unrealized profit stands at roughly $450,000, with the best-performing position showing a 116% return.

TREE NEWS reports: A whale that began accumulating roughly $11.6 million of UNI, LTC and BNB on Sept. 23 has moved 2,380 BNB worth $1.85 million into Binance within 20 minutes, a sale that would lock in a $73,000 loss. The address still holds 1.014 million UNI at an average withdrawal price of $8.79, down $1.409 million, and 12,397 LTC at an average of $67.86, down $54,000.

TREE NEWS update: A whale that began accumulating roughly $11.6 million worth of UNI, LTC, and BNB since September 23 moved 2,380 BNB (worth $1.85 million) to Binance within 20 minutes, with the sale set to lock in a $73,000 loss. The address still holds 1,014,000 UNI at an average withdrawal price of $8.79, recording an unrealized loss of $1,409,000, and holds 12,397 LTC at an average of $67.86, seeing a loss of $54,000.

TREE NEWS update: Hyperliquid’s network is scheduled to upgrade at around 16:15 Beijing time (08:15 UTC) today, with roughly 10 minutes of downtime expected. The upgrade notice was published ahead of the maintenance window.

TREE NEWS reports: Hyperliquid’s cumulative protocol revenue surpassed $1.4 billion as of October 7. Native perpetuals contributed $1.2 billion, or 88.7%, spot brought in $50.1 million (3.6%) and HIP-3 perpetuals $29.2 million (2.1%), with the rest from auctions, USDC reserve yield and HyperEVM gas. More than $1.26 billion has been used to buy back HYPE.

TREE NEWS reports: Plasma’s stablecoin supply has nearly doubled since July to $1.41 billion, its highest level since mid-February, after a year of sustained declines. The figure remains well below the chain’s $5.2 billion peak around its listing, but the data suggests competition among stablecoin-focused chains is not settled.

TREE NEWS reports: Roughly $3.55 million in unclaimed bridge funds were moved using EIP-7702 account authorizations, security firm BlockSec said. The transactions carried valid account authorizations, but BlockSec said they do not establish whether the wallet owner knowingly approved the transfers. The incident involves funds that had not been claimed on a bridge.

TREE NEWS reports: Tron records show roughly 2 million USDT from the Ledger theft was converted into USDD through the stablecoin’s stability module, a route that sits outside Tether’s freeze controls. Bitquery estimates Tether has frozen about $10 million across the wider cluster of stolen funds. The conversion moves part of the proceeds into a stablecoin whose issuer has not blacklisted the addresses.

TREE NEWS reports: Starknet’s STRK token rose 30%, outpacing bitcoin and ether, as the network weighs a shift to a Layer 1 design. Daily trading volume on Starknet’s decentralized exchanges climbed to about $33.7 million during the rally.

TREE NEWS update: Unichain said it will migrate to OP Enterprise to prepare for native cross-chain interoperability on the OP Stack. Once interoperability goes live, users will be able to move assets between OP Stack chains without a bridge, starting with ETH. The testnet migration is scheduled for October 13, with the mainnet migration planned for late October.

TREE NEWS update: Coinbase and Gennius plan to give users access to the ONED stablecoin through banks in Latin America, starting in Argentina. Under the plan, customers can convert eligible deposits into ONED USD, enabling round-the-clock transfers and spending via Visa.

TREE NEWS reports: Coinbase and Gennius plan to enable users to access the ONED stablecoin through banks in Latin America, starting with Argentina. Under this plan, customers will be able to convert eligible deposits into ONED USD, enabling 24/7 transfers and payments via Visa.

TREE NEWS update: Aero published token conversion terms for the Aerodrome-Velodrome merger, which begins Oct. 21 at 8 p.m. ET, when emissions on both legacy platforms stop. Existing AERO converts 1:1 to new AERO, while each VELO converts to about 0.044 AERO, applying to both circulating and locked tokens. Aerodrome holders get 94.5% of the new supply and Velodrome holders 5.5%; conversions are not automatic and self-custody assets must use the upgrade portal.

TREE NEWS update: Coinbase and Gennius are planning an Argentina-first initiative that would let customers convert eligible bank deposits into ONED USD and transfer the stablecoin around the clock, spending it through Visa. The plan links Latin American banks to stablecoin access, with the two firms positioning ONED USD as a bridge between deposits and round-the-clock digital transfers.

TREE NEWS update: Sui said SlushWallet has simplified first-time funding, letting users deposit into Sui via bank card or assets from 25 chains. Bridging and swapping can now be completed inside SlushWallet itself.

TREE NEWS update: Aero will launch its merger on Oct. 21, with AERO converting one-for-one and VELO at roughly 0.044 new AERO per token. Existing lock positions retain their remaining duration under the conversion terms.

TREE NEWS reports: About $72.9 million stolen in the Ledger CryptoBillis attack remains in addresses controlled by the attacker, held in bitcoin, ether and USDT. A further $3.1 million has moved into Tornado Cash, while the rest of the funds have been bridged, swapped or layered through relayers.