Flash News

TREE NEWS reports: A single whale holds a 98,089 ETH long position worth $252.3 million that will be liquidated if the price falls to $2,446.48 and $2,424.47, on-chain tracker Lookonchain said on October 8. The position is the latest large leveraged bet exposed to a further drop in ether’s price.

TREE NEWS reports: A wallet identified as linked to Hyperliquid Labs distributed $330 million worth of HYPE tokens through five intermediary addresses into a single wallet, which then returned 1.25 million HYPE to staking. The transfers were routed via the intermediary addresses before consolidating in the receiving wallet.

TREE NEWS reports: A survival analysis of 150 Solana-era meme coins in Talos market data found the median time from first trade to all-time high is just 17.2 days, with a quarter topping out in 1.6 days. After peaking, the median coin takes 370 days to fall 95% from its high, and only 5 of 151 tokens now trade above their first-day price.

TREE NEWS update: Samsung Wallet will add support for USDC on the Sui network in late October. Bastion and Coinbase will custody the balances, while transfers to bank accounts in more than 60 countries will carry separate fees.

TREE NEWS update: Sui said on X that Samsung Wallet has integrated Sui, bringing Sui-based USDC to 82 million Galaxy devices in the United States. The integration supports gas-free transfers, meaning USDC transactions on Sui carry no network fee.

TREE NEWS update: Solana ecosystem projects Orca and Loopscale have completed a merger, with the combined entity aiming to provide financing support for the AI, robotics and defense sectors. No financial terms or valuation for the deal were disclosed.

TREE NEWS update: Solana decentralized exchange Orca is merging with lending protocol Loopscale, with the combined entity to be called Formation. The merged company will target financing for AI, energy, robotics and defense, the two said. Orca is one of Solana’s largest DEXes by volume, while Loopscale is a Solana-based credit and lending protocol.

TREE NEWS update: Circle has partnered with Tereina, a financial services firm backed by German enterprise software company SAP, to bring USDC and EURC into SAP clients’ enterprise payment flows. Businesses using SAP finance software can send and receive both stablecoins within existing applications, with USDC for dollar-denominated transactions and EURC for euro payments. The two plan to test stablecoin integration with customers over the coming months for global payments and treasury management.

TREE NEWS update: NEAR has integrated Robinhood Chain into its multichain app, enabling ETH and USDG swaps. Cross-chain routing for those swaps is handled by NEAR Intents, while bridge infrastructure continues to move assets between networks. The addition extends NEAR’s multichain access to Robinhood’s blockchain network.

TREE NEWS update: Cardano’s programmable token standard has gone live, giving issuers the ability to set rules that can permit freezes and forced transfers of the assets. Wallets, DEXs and lending protocols will need integration changes to handle the new tokens. The standard introduces issuer-selected controls to the network’s token layer.

TREE NEWS reports: Polymarket CEO Shayne Coplan stopped short of announcing a Polymarket token at TOKEN2049, describing an onchain asset tied to the company’s economics without naming a structure or setting a date. Traders read a Sunday post as a tease of POLY. No token, structure or timeline was confirmed.

TREE NEWS update: Lido has unveiled Lido Lend, a Morpho-based lending protocol designed for staking loops, with a targeted fourth-quarter launch. The design aims to include collateral screening and reliable exits, while DAO votes and technical disclosures are still ahead.

TREE NEWS update: Ledger has launched wrapped-bitcoin lending through the DeFi protocol Morpho, letting users borrow against the asset directly in its wallet app. The product defaults to a 50% loan-to-value ratio and charges a 1% borrowing fee, while pledged collateral remains subject to liquidation.

TREE NEWS reports: Hyperliquid development team HyperLabs’ address (0x43e9…a251) has redeemed 3.75 million HYPE tokens, worth $332 million, minutes after a seven-day unstaking request filed on-chain. The tokens were requested for unstaking seven days earlier and completed redemption on October 7.

TREE NEWS reports: Crypto futures liquidations across exchanges totaled $699 million in the past 24 hours, with long positions accounting for $650 million and shorts $48.6 million, CoinGlass data show. Bitcoin liquidations reached $186 million and Ethereum $236 million. The largest single liquidation, worth $26.64 million, occurred on Binance’s ETHUSDC pair.

TREE NEWS update: Moody’s assigned Sky Protocol a B3 issuer rating with a stable outlook, the first time the agency has rated a stablecoin protocol. The DeFi lender is also rated B- by S&P. The ratings come as institutional interest in its USDS stablecoin grows.

TREE NEWS reports: Machi Big Brother’s 39,025 ETH long position, worth about $99.8 million, is nearing its liquidation line as the market declines, with a liquidation price of $2,501.38. The position’s proximity to that threshold leaves the trader exposed to a forced unwind if ETH falls further.

TREE NEWS update: Moody’s has assigned Sky a B3 rating with a stable outlook, placing the DeFi protocol in speculative-grade territory. The agency flagged that Sky holds roughly $90 million in equity against $10 billion in managed assets, a thin capital buffer relative to its size.

TREE NEWS reports: Polymarket CEO Shayne Coplan said traders chasing the next 100x token are engaged in a game of “irrational exuberance,” comparing it to playing “hot potato.” He said some traders are instead looking for more predictable prediction market opportunities. Coplan did not give figures or a date for the remarks.