Flash News

TREE NEWS update: Harmony has proposed shutting down its mainnet, live since 2019, and migrating its native token ONE to Ethereum, citing threats from state-backed attackers and AI agents. The plan includes a snapshot of wallets, staking, validator rewards, smart contracts, and CEX balances, with airdrops to the same addresses on Ethereum. Total supply and issuance rate stay unchanged, with new issuance earmarked for an AI video remixing business.

TREE NEWS reports: On Sept 6, Solana co-founder Toly rebutted Arbitrum co-founder Steven Goldfeder’s claim about falling into a ‘narrative trap’ of comparing on-chain transaction prices. Toly argued that Arbitrum currently has wider bid-ask spreads and higher fees, with the 10% fee take alone exceeding sandwich trading rates, estimating total costs about 10x higher when factoring in worse spreads.

TREE NEWS reports: On-chain sleuth ZachXBT reported that multiple verified WOO X users have seen withdrawals stuck in pending or processing status for the past three days, with some transactions canceled. He noted WOO X was acquired by FusionX Digital in Q4 2025, linked to BitMart founder Sheldon Xia. WOO X has not issued a statement.

TREE NEWS update: Ethereum co-founder Vitalik Buterin says there is a 60% chance SNARKs, fully homomorphic encryption, and indistinguishability obfuscation will each achieve under 10x computational cost overhead, measured by energy and amortized compute costs. He assigns a 33% probability that at least one method reaches near-zero overhead, with SNARKs most likely to hit single-digit overhead by the decade’s end.

TREE NEWS update: Gate’s HOOD section has launched PAIR perpetual contract trading (USDT-settled) with up to 10x leverage, alongside trading bots and copy trading features. PAIR is the official token of the PAIR Fund multi-pool launchpad on Robinhood Chain.

TREE NEWS update: Ethereum co-founder Vitalik Buterin said the Poseidon hash family, developed over years, will continue delivering value for several more years, enabling fast client-side SNARK proofs for privacy protocols. He noted that ultra-fast generic STARKs currently have proof overhead of hundreds of times for almost any batch computation, but expect this to soon drop to double digits or lower, surpassing early-2020s expectations.

TREE NEWS reports: Analyst Willy Woo says Bitcoin’s current decoupling from equities is the most significant since 2015, a precursor to the 2017 bull run. He notes Bitcoin’s liquidity is strengthening while stock markets show fragility. Woo recalls that during 2015-2016, stocks were weak but Bitcoin entered a bull market, which surged in 2017 as stocks turned bullish.

TREE NEWS update: Whale Alert identified 12 mining rewards totaling 600 BTC that moved on-chain after 16 years of dormancy. The on-chain tracking platform found no connection to Satoshi Nakamoto. The coins, likely from early mining activity, have been idle since 2009.

TREE NEWS reports: Robinhood Chain recorded $2.9 million in chain fees over the past 24 hours, the highest among all chains, with revenue of $2.61 million. The chain’s DeFi TVL reached $909 million, up 29.62% in the past week and 109% in the past month. DEX trading volume over seven days hit $10.424 billion, a 95.26% increase from the previous period.

TREE NEWS reports: Token Unlocks data shows that Aptos (APT), Linea (LINEA), Cheelee (CHEEL), and peaq (PEAQ) will undergo significant token unlocks next week. Aptos will unlock approximately 11.31 million APT (about 0.65% of circulating supply, worth ~$7 million) at 6 PM Beijing time on September 11. Linea unlocks ~960 million LINEA (3.01%, ~$2.6 million) at 7 PM on September 10, Cheelee unlocks ~6.42 million CHEEL (0.79%, ~$2.3 million) at 8 AM on September 13, and peaq unlocks ~84.84 million PEAQ at 8 AM on September 12.

TREE NEWS reports: Pons and Fomo each brought in about $1.85M and $1.77M in protocol revenue over the past 24 hours, surpassing Hyperliquid’s ~$866.5K. The three ranked 4th, 5th, and 7th respectively. Over the past week, Pons and Fomo earned $7.16M and $7.06M, while Hyperliquid led with $13.06M.

TREE NEWS update: Chinese motorcycle maker Zhangxue Motorcycle’s French rider Valentin DeBise finished third in the WorldSSP Race 2 at the 2026 World Superbike Championship round in France on September 6 at Circuit de Nevers Magny-Cours. The result marks the team’s second podium of the weekend.

TREE NEWS update: Offchain Labs co-founder Steven Goldfeder clarified on X that the market misunderstands ARB’s supply structure, as some data counts DAO-held tokens as locked. Investor and team unlocks are nearly complete, with all remaining unlocks finishing by March next year, leaving only about 7.7% of total supply locked. The rest is held in the Arbitrum DAO treasury, totaling about 2.84 billion ARB, which is not locked but can only be used via governance votes.

TREE NEWS update: Tether-backed crypto exchange Orionx is permanently closing after an audit found more than $7 million in customer assets had moved to wallets outside its custody. The firm announced the shutdown following the discovery, which signals a significant shortfall in customer funds. Orionx, which had backing from Tether, will cease operations as a result.

TREE NEWS update: Whale Loracle announced on X the launch of ‘pez.family’, a fork of the Pons token launch platform built using the Fable 5.1 AI model. The platform claims a 0% fee structure. Details on tokenomics or launch date were not disclosed.

TREE NEWS update: South Korean crypto exchange Bithumb has launched an AI service called ‘Bithumb AI’ that analyzes market trends and provides personalized information to users. The service includes four features: AI coin signals, AI coin analysis, AI market data, and AI recommendations. It currently covers the top 200 cryptocurrencies by market cap in the Korean won market.

TREE NEWS reports: Prediction market Polymarket shows George Russell’s probability of winning the 2026 F1 Italian Grand Prix driver championship has risen to 49%, up 13% in 24 hours. Pierre Gasly’s odds unexpectedly jumped from 0% to 6%. The race starts at 21:00 Beijing time at Monza. Gasly took a surprise maiden pole, while Piastri was penalized.

TREE NEWS reports: BSC-based meme coin Hajimi’s market capitalization surpassed $80 million, currently at $80.9 million, up over 380% in 24 hours. The token’s surge is driven by market sentiment and speculative trading, with no clear utility.

TREE NEWS reports: Polymarket odds that Ethereum will touch $2,600 in the remaining days of September climbed to 74%, up 10% in 24 hours. Odds of reaching $2,700 also rose to 51%, up 9%. The market settles ‘Yes’ if Binance’s ETH/USDT 1-minute candle high hits or exceeds the price during the month.

TREE NEWS reports: As of Sept. 5, 14:00, Bitcoin miners held about 1.1919 million BTC, up 261 BTC from a week earlier, marking the first weekly increase of this scale since Aug. 26. Over the same period, the 7-day average hashrate rose to about 934 million TH/s, up 41.11 million TH/s. Bitcoin’s Puell Multiple increased to 1.00, up 0.04 from last week.