Flash News

TREE NEWS reports: Kalshi has reportedly signed an exclusive deal with the USTA to be the official prediction market partner of the US Open, blocking rival platforms from advertising at the venue and on ESPN. The agreement was finalized days before the main draw, marking a significant mainstream sports partnership for the prediction market platform.

TREE NEWS update: Cronos, the blockchain by Crypto.com, halted its entire network after a $75 million exploit on the Tectonic lending protocol. Validators froze the chain, stranding most funds on the network, with only $6 million reaching Ethereum.

TREE NEWS update: Polymarket, the prediction market platform, experienced an outage that temporarily suspended trading functions. The issue has since been resolved, and trading has resumed. No further details were provided.

TREE NEWS reports: An attacker exploited Tectonic, a lending protocol on Cronos, by inflating its governance token’s value and borrowing against it, resulting in a $75 million loss. In response, Cronos validators froze the entire network to mitigate further damage.

TREE NEWS update: Solana validators narrowly approved SGP-0002, doubling the network’s disinflation rate, in its first network-wide governance vote. The proposal passed by a slim margin after Kraken and Galaxy switched positions in the final minutes.

TREE NEWS reports: Circle has signed a deal to become Chelsea FC’s front-of-shirt sponsor, marking the first time a crypto company holds this position in the Premier League. The sponsorship fills a slot left vacant for three years, signaling growing mainstream acceptance of digital assets in sports.

TREE NEWS reports: Bitget’s PoolX platform has launched DGrid AI, allowing users to stake XAUT to earn DGAI token airdrops. This move integrates AI-related tokens into Bitget’s staking ecosystem, offering new yield opportunities for users.

TREE NEWS update: In recent trading, BB token rose over 5% and AVNT token gained over 6%, indicating positive market momentum for these assets. The moves reflect ongoing volatility in the crypto market.

TREE NEWS reports: Arthur Hayes suggests the ETH/BTC ratio has bottomed and is rebounding, indicating potential capital rotation back into Ethereum. He believes this could signal renewed interest in ETH relative to BTC, possibly driven by shifting market dynamics.

TREE NEWS update: Over the past 7 days, Binance recorded a net inflow of $8.85 billion in reserve assets, while Bybit’s Bitcoin wallet balance decreased by 3.07%, indicating shifting exchange flows.

TREE NEWS reports: The movie ‘Niu Lai’ has extended its theatrical run until October 4. The extension aims to accommodate more audiences.

TREE NEWS reports: Blockaid reported that an attacker exploited an Ankr liquid staking token and E-mode to overborrow from More Markets, draining approximately $9.3 million in WFLOW from a lending reserve. The incident highlights ongoing vulnerabilities in DeFi protocols.

TREE NEWS reports: Xu Zhihong, co-founder of crypto wallet UXUY, has passed away. A farewell ceremony will be held on September 12. The crypto community mourns his loss.

TREE NEWS update: Ontology has temporarily halted block production on its mainnet for a security review, assuring users that their assets remain safe. The pause is a precautionary measure, and the network is expected to resume normal operations shortly.

TREE NEWS update: South Korea’s National Tax Service (NTS) plans to deploy a commercial tracking program to address tax evasion on virtual assets held in personal wallets. The move aims to close loopholes in the taxation of cryptocurrency gains, ensuring better compliance.

TREE NEWS reports: Bitcoin maintains support around $78,000 while the Japanese yen weakens past the 160 level against the dollar. Persistent dollar strength continues to weigh on the cryptocurrency market, keeping risk assets under pressure.

TREE NEWS update: Russia’s largest bank forecasts that crypto trading volume could reach $46 billion in the first year under new regulations. This prediction highlights the potential growth of the crypto market in Russia following regulatory clarity.

TREE NEWS reports: Bitcoin developer Luke Dashjr has exited the mining pool Ocean, which he co-founded. The departure marks a significant change in the pool’s direction and governance.

TREE NEWS update: The Berlin city government suffered a cyberattack, with the hacker group Rhysida demanding 30 bitcoins as ransom. The incident highlights ongoing cybersecurity threats to public institutions.