Flash News

TREE NEWS update: Aave has listed a December AUSD principal token on Monad with a 93% borrowing limit, and the new reserve has already filled its 30 million-token supply cap. Aave shows $29.67 million supplied against that cap.

TREE NEWS update: HyperEVM-based synthetic perpetuals protocol Papertrade has opened pre-deposits, with users given two days to fund accounts and create profiles. The protocol said formal trading is expected to start about one hour after the HyperEVM network upgrade completes on Oct. 10, with the exact time to be confirmed via Hyperliquid’s Discord. Papertrade uses Hyperliquid order-book BBO midpoint pricing, offers high leverage with zero slippage and no funding fees, and its PAPER token starts with zero supply.

TREE NEWS update: Gnosis bridges have adopted a fast confirmation mechanism for Ethereum deposits, letting users and apps keep their existing workflows without any changes. The faster processing relies on different security guarantees than Ethereum finality, the project said. No further details on the mechanism or rollout were given.

TREE NEWS update: Derive said on October 8 that its V3 upgrade is live, the migration is complete and trading has resumed. The version custodies assets on Ethereum, uses ZK proofs for margin and settlement, and supports sub-millisecond order matching, no-code vault creation, and ETH and BTC hedging. Users can lend and borrow ETH, WBTC, HYPE and USDC; the community had proposed moving V2 positions to V3 and shutting down Derive Chain.

TREE NEWS reports: Crypto futures liquidations across exchanges reached $455 million in a single hour, with long positions accounting for $427 million, or roughly 93.7% of the total, while short liquidations were just $28.57 million. Binance led with $263 million, about 58% of the total, followed by Bybit at $68.49 million, Gate at $36.97 million and OKX at $30.7 million, all dominated by longs. HTX was the outlier: over 94% of its $20.1 million in liquidations came from shorts.

TREE NEWS update: Decrypt is launching self-custodial Money Accounts on Solana, a single platform it says will power Earn, Swaps, Predictions and Perps as the outlet builds out its financial and intelligence market. The product is positioned as one account for on-chain financial activity on Solana.

TREE NEWS update: Astroport has ended tokenholder governance on Neutron and Terra, moving protocol control to contributors who will run it through DAO DAO organizations. vxASTRO holders retain the normal unlock process, and ASTRO emissions are set to zero. The change shifts decision-making away from the ASTRO tokenholder vote.

TREE NEWS reports: Machi Big Brother (Jeffrey Huang) has reduced his ETH long position by roughly 16,600 ETH since 23:00 on Oct. 8, realizing a loss of about $2.63 million. He still holds a 10,000 ETH long worth around $24.5 million, opened at an average price of about $2,626.94, with an unrealized loss of roughly $1.77 million and a liquidation price near $2,418.47.

TREE NEWS reports: A wallet shifted 150 million USDT out of Aave, leaving the protocol’s Ethereum USDT reserve with $169.54 million in available liquidity on Oct. 8. The withdrawal coincided with double-digit borrowing rates on the reserve, while the funds moved into Spark Savings.

TREE NEWS reports: Crypto lending activity has climbed 55% since July, as the sector rebuilds after its 2022 collapse. The renewed growth is bringing back old dangers, including AI-assisted hacks and cascading losses across interlinked protocols, alongside guidance on how users can limit their exposure.

TREE NEWS update: Sui-based Bitcoin finance protocol Hashi has secured more than $500 million in commitments ahead of its mainnet launch. Anchorage will provide institutions with settlement and self-custody services for the platform.

TREE NEWS reports: Hyperbot data shows Taiwanese singer and crypto trader Machi Big Brother (Huang Li-cheng) had his entire HYPE long position liquidated for a loss of about $26,000. He is still holding a 25x leveraged Ethereum long of 31,500 ETH worth roughly $79.84 million, with an unrealized loss of $3.506 million and a return on investment of negative 109%.

TREE NEWS update: Jonathan Spalletta has been convicted over the $50 million theft from Uranium Finance, a DeFi protocol. Spalletta spent the stolen crypto on Pokémon and Magic cards, a Roman coin marking Julius Caesar’s assassination, and moon-flown Wright brothers fabric.

TREE NEWS update: Lido contributors have unveiled Lido Lend, a Morpho Blue fork designed for lower-risk lending, with the proposed market to be governed by the Lido DAO pending a governance vote. Launch is targeted for this quarter. The proposal would extend the Lido ecosystem from staking into lending.

TREE NEWS update: Igloo, the parent of Pudgy Penguins, will shut down its consumer-focused L2 network Abstract on Dec 15, the project announced on Oct 7. Pudgy Penguins CEO Luca Netz cited tens of millions of dollars in operating losses, weak DeFi activity, limited institutional participation and unclear product-market fit. Abstract drew over 400,000 users and 325 million on-chain transactions, with DeFi TVL around $5.6 million.

TREE NEWS update: Samsung Wallet will let users send USDC across borders on Solana starting in late October, rolling the feature out across roughly 82 million Galaxy devices in the US. The move comes three months after Samsung teased stablecoin support without naming a blockchain. Solana becomes the named network for the wallet’s cross-border stablecoin transfers.

TREE NEWS update: Gate announced a partnership with Visa to launch a crypto-linked card, with the service expected to roll out across more than 40 markets worldwide. Users can apply for and manage the card through the Gate App and pay at Visa-accepting online and offline merchants, with digital assets automatically converted to fiat at payment. Gate also launched Gate Money, integrating digital assets, fiat, stocks, ETFs, gold, bank accounts and payments into the Gate App.

TREE NEWS reports: A smart-money address deposited 131,421 HYPE to Kraken over 10 days at an average of $89.56, off a cost basis of $3.87, realizing an estimated $11.26 million profit and a 2,214% return. The first suspected sale came before Hyperliquid Labs’ Sept. 30 announcement that it would sell 3.75 million HYPE worth about $329 million OTC to a single institution.

TREE NEWS reports: Trader 0xdd6a holds 20x leveraged short positions on BTC, ETH, SOL, XRP and DOGE on Aster, all currently in profit. The total position size is $26.5 million with unrealized gains of $586,000. The largest winner is a 48.37 million DOGE short worth $4.24 million, up $224,000, followed by ETH, SOL, XRP and BTC.