Flash News

TREE NEWS update: A Michigan court has ordered Kalshi to continue blocking sports prediction markets, converting a temporary restraining order from June into a preliminary injunction. Violations would incur a fine of $500,000 per day. The ruling keeps the prediction market platform from offering sports event contracts in the state pending further legal proceedings.

TREE NEWS reports: Ethereum spot ETFs recorded a net outflow of $48.0764 million on Sept. 2 (EST), the first outflow after 12 consecutive days of inflows. BlackRock’s Staked ETH ETF (ETHB) led with a net inflow of $52.9147 million, bringing its historical total to $758 million. 21Shares’ TETH saw $2.0267 million in inflows, with a historical total of $22.8026 million.

TREE NEWS reports: Bitcoin spot ETFs recorded a net inflow of $101 million on Sept 2, with BlackRock’s IBIT leading at $115 million, bringing its historic total to $63.485 billion. Grayscale’s Bitcoin Mini Trust BTC followed with $30.42 million, raising its historic net inflow to $2.897 billion.

TREE NEWS update: The CFTC has filed to dismiss CME’s lawsuit challenging its crypto perpetual futures rules, arguing CME lacks standing because it is free to list perp futures as a designated contract market. The CFTC called the suit ‘much ado about nothing.’

TREE NEWS reports: A two-person arbitrage team revealed they earned $10 million in profit over 10 months by trading stock perpetuals on Hyperliquid’s HIP-3 against IBKR, with $32 billion in combined volume. The strategy, detailed in a post, weathered a $1.1 million loss from a data glitch. They now face competition from institutions like Ethena.

TREE NEWS update: Thailand’s Securities and Exchange Commission has finalized its cryptocurrency “travel rule,” requiring digital asset operators to identify senders and receivers of every transaction from February 27, 2027. Operators must implement transfer risk policies, collect customer and counterparty identity data, and retain records for at least five years. Non-compliant transfers will be prohibited. The rule, aimed at combating money laundering and terrorist financing, aligns Thai standards with FATF recommendations, including verifying user control over self-custody wallet funds.

TREE NEWS update: Ethereum Layer 2 network Silicon announced it stopped accepting new bridge deposits on Sept 2 and initiated shutdown, requiring users to withdraw all assets by Dec 31, after which the network and block explorer will go offline and remaining assets will be unrecoverable. Approximately $9.75 million in assets remain on-chain, including USDC ($2.66M), WBTC ($2.54M), ETH ($2.08M), and USDT ($1.85M). Assets bridged from Ethereum mainnet can be withdrawn directly, but tokens issued on Silicon cannot be bridged and rely on on-chain liquidity, which may dwindle.

TREE NEWS update: SEC Chair Paul Atkins said in a Fox Business interview that the CLARITY Act will be voted on in the Senate on September 15, expecting passage and presidential signature, making the US the ‘global crypto capital.’ He noted regulators are advancing rules to modernize for blockchain and crypto assets. Despite the vote delay, SEC and CFTC continue crypto policy work, with the SEC submitting a crypto custody framework proposal to the White House last week.

TREE NEWS update: A Michigan court has issued a preliminary injunction against Kalshi, ordering the prediction market to continue blocking state residents from accessing sports event contracts. The injunction, effective September 3, converts a temporary restraining order from June into a formal ruling, with violations subject to a $500,000 daily fine.

TREE NEWS reports: World Liberty advisor ogle (@cryptogle) turned $4,997 into $5.4 million, a 1,080x return. He bought 10.607 million PONS tokens when its market cap was $470,000, now worth $5.4 million. He currently holds 10.9 million PONS, valued at $5.58 million.

TREE NEWS reports: Garrett Jin has closed 276 BTC ($21.5M) of his long position, realizing a $210,000 profit. He still holds 1,592 BTC ($123.92M) with an unrealized gain of $1.18M. However, having held the position for over three months, he has paid $1.94M in funding fees, leaving him in an overall loss.

TREE NEWS update: Solana completed its first binding on-chain governance vote on Aug 27-28, passing SGP-0001 (Constitution) and SGP-0002 (double deflation) but rejecting SGP-0003, a fee reform to increase SOL burns. The deflation proposal passed narrowly at 67% support, while the burn proposal failed due to high abstention. The vote marked a shift to stake-weighted voting under the new SGP framework.

TREE NEWS update: Colombian fintech Plenti has raised $3 million in seed funding, led by Tether with participation from Verda Ventures. The funds will support its expansion into Peru and Bolivia. Founded in 2022, Plenti offers multi-currency accounts for freelancers and remote workers, enabling them to hold dollars, euros, and pesos, earn yield, and invest in US stocks, ETFs, digital gold, and crypto. It serves over 150,000 active users, processing over $3.1 billion annually and handling over 680 million USDT since 2023.

TREE NEWS update: Jupiter announced the launch of Universal Deposit, a cross-chain deposit feature enabling users to send tokens from any supported chain and receive USDC directly in their Solana wallet. The feature automatically handles routing, bridging, and swapping, supporting Ethereum, Base, Arbitrum, and Sui, with a flat fee of $0.30.

TREE NEWS reports: Ether (ETH) crossed the $2,400 mark on Sept. 3, trading at $2,400.30 at the time of writing, up 0.38% intraday. The move reflects ongoing market volatility as traders monitor key resistance levels.

TREE NEWS reports: Trader ‘@XXAntiWar’ has not fully exited its position in ‘牛来’ (Bull Come) but moved 17.57 million tokens to seven addresses over recent days. The trader spent about $1.787 million since Aug 30 to build the position at an average price below $0.086, and remains at a floating loss. Earlier reports of a full exit were due to new addresses not being recorded.

TREE NEWS update: World has opened ProveKit, the zero-knowledge toolkit behind its World ID checks, to outside developers. The toolkit enables a phone to confirm facts about its owner, such as age, without revealing the underlying identifying documents. This move allows third-party developers to integrate privacy-preserving verification into their apps.

TREE NEWS update: The FBI seized approximately $560,000 in cryptocurrency, along with domains and servers, allegedly used by Hamas’s military wing to collect donations and recruit supporters. The action targeted digital assets and infrastructure tied to the group’s fundraising efforts.

TREE NEWS update: Japan’s Remixpoint has sold its Ethereum, Solana, XRP and Dogecoin holdings, booking a ¥117.8 million profit, to shift to a Bitcoin-only treasury. The company now holds roughly 1,506 BTC as its sole cryptocurrency, aligning with a strategy focused on Bitcoin.

TREE NEWS update: Federal authorities and private-sector partners, including CrowdStrike, have disrupted malware that redirected about $150,000 in cryptocurrency over the past eight years. The operation targeted the malware used in crypto thefts, marking a coordinated effort to combat cybercrime in the digital asset space.