Flash News

TREE NEWS update: Akash has opened a governance vote on Prop 346 to migrate its network from Cosmos to Solana, authorizing a one-way AKT token conversion. Staking rewards would end at a later marketplace cutover that requires a separate vote. The proposal is now with AKT holders.

TREE NEWS update: The US Office of the Comptroller of the Currency is calling on community banks to become payment stablecoin issuers, following the regulator’s finalization of rules for the GENIUS Act. The stablecoin law is set to be implemented in January. The OCC’s announcement positions community banks as potential participants in the federal stablecoin framework.

TREE NEWS update: Injective has launched an onchain futures market that tracks rental prices for five Nvidia GPUs, offering leveraged trading and a way to hedge against fluctuations in AI computing costs. The new index is tied directly to GPU rental rates, giving traders exposure to a key input cost of the AI sector. The product combines crypto derivatives infrastructure with a real-world pricing benchmark.

TREE NEWS update: Bitso has added Morpho lending to its app through a product called Bóvedas, moving USDC and peso-pegged MXNB into noncustodial lending vaults. The vaults offer variable returns and carry no deposit insurance. The integration gives Bitso users direct access to Morpho’s on-chain lending markets from within the exchange app.

TREE NEWS update: The NBA has agreed an information-sharing arrangement with the CFTC to guard against insider trading as sports betting moves onto CFTC-regulated prediction markets, following similar deals by MLB and NHL. The agreement comes as the NFL challenges the regulator in court over the same issue.

TREE NEWS update: Akash Network has opened governance proposal 346 to migrate its network from Cosmos sovereign chain akashnet-2 to Solana mainnet, with voting running from Oct. 26 to Nov. 2 (Beijing time) and about 98.29% approval so far. If passed and audits of the token and migration portal are completed in an expected two to three weeks, AKT will launch on Solana as an SPL token in a 1:1 migration retaining its ticker. A one-way migration portal will stay open for two years, and staked AKT must be unbonded over 21 days before migrating; the proposal sets no switchover date.

TREE NEWS update: Cisco introduced a privileged access solution for infrastructure that replaces permanent administrator access with identity-bound encryption controls. The offering ties administrative privileges to verified identities rather than standing credentials, the company said. No pricing, availability date or customer details were disclosed.

TREE NEWS update: Instinct has rolled out Link Balance, a feature that lets users fund AI-driven shopping with spending limits, with balances held in USDC. Tempo founder Matt Huang said stablecoins on its blockchain power the feature. The launch ties stablecoin settlement to AI commerce, with funds denominated in the dollar-pegged token.

TREE NEWS update: South Korean police arrested seven people in the country’s first major AI-assisted hacking case, including a 32-year-old with no IT background who used AI tools to break into about 90 hospitals, schools and companies. The group then pressed victims for roughly $270,000 combined, Seoul police said.

TREE NEWS reports: The three major US stock indexes closed higher on Oct. 27, with the Dow up 0.18%, the Nasdaq up 0.91% and the S&P 500 up 0.56%. Among crypto-linked names, Circle (CRCL) fell 6.92% and BitMine (BMNR) dropped 6.14%, while Strategy (MSTR) declined 4.11%. Tesla (TSLA) rose 5.14%, PayPal (PYPL) fell 4.16% and Intel (INTC) gained 4.06%.

TREE NEWS update: Canada has opened a public consultation on a proposed framework for stablecoins issued by non-financial institutions, as part of the potential implementation of its Stablecoin Act. The government is seeking public input on the rules and cited the US GENIUS Act in its announcement. The consultation marks a step toward formalizing how non-bank stablecoin issuers would be regulated in Canada.

TREE NEWS update: Binance founder Changpeng Zhao (CZ) pitched BNB Chain’s role in AI-driven crypto adoption as BNB Standard rang the Nasdaq opening bell. BNB Standard also plans to expand beyond simply holding tokens in its treasury. No further details on the expansion or timing were provided.

TREE NEWS update: Cathedral, a startup founded by former DOGE staffers, said its AI agents found paths into Anthropic’s sales, HR and IT systems through third-party software in under 12 hours. The company disclosed the findings without specifying which vendors were involved or whether Anthropic was notified before the announcement.

TREE NEWS reports: DeFi Development Corp bought an additional 5,346 SOL and now holds 2.595 million SOL, making it the world’s second-largest SOL treasury company, Bitcoin Treasuries data show. The purchase adds to the company’s existing Solana position.

TREE NEWS update: USDC Treasury minted 250 million USDC on the Solana network at 02:37, worth approximately $250 million. The new issuance brings the total supply of USDC on Solana higher, though the treasury did not disclose the purpose of the mint.

TREE NEWS update: USDC Treasury minted 250 million USDC on the Solana network at 02:37. The newly issued tokens are worth approximately $250 million. The mint was flagged by the on-chain tracking service in a post on X.

TREE NEWS update: AI cybersecurity startup Cathedral, founded by former U.S. DOGE members, said its AI agent gained access to Anthropic’s internal systems in under 12 hours, obtaining meeting notes, compensation and hiring information and Slack messages. Anthropic confirmed access to some sales, HR and IT systems, including customer and partner business contact information and some basic user account records, but said Claude user conversations, source code and model weights were not involved. The test ran under Anthropic’s bug bounty program via a third-party commercial software flaw; Anthropic accused Cathedral of incomplete disclosure in violation of program rules.

TREE NEWS reports: Polymarket priced Luiz Inácio Lula da Silva at roughly 20% to win Brazil’s presidential election before voting, with Flávio Bolsonaro at 80%, and Lula went on to win a fourth term. Large trader FhantomBets said retail traders were bearish on Lula, inflating Bolsonaro’s odds, while professional traders saw Lula at close to 30%-40% on election day. CoinShares researcher Luke Nolan and TxODDS CEO Einar Knobel pointed to Brazil’s ban on prediction markets as a key source of the mispricing; Knobel said the market drew most traders from outside Brazil and carried only 4.5% of the volume of the 2024 U.S. presidential market.

TREE NEWS reports: Brazil’s ban on prediction markets left election odds in the hands of traders with little knowledge about the race, experts said, explaining why the markets got the Brazilian election so wrong. The restriction pushed activity onto venues and participants lacking the information needed to price the contest accurately.

TREE NEWS update: Hyperliquid plans to make Payward, the parent company of Kraken, its first CFTC-regulated HIP-3 deployer, the platform said. The move marks a step toward regulated U.S. perpetual futures. No timeline or further terms were disclosed.