Flash News

TREE NEWS update: Kraken parent company Payward plans to become the first CFTC-regulated deployer of a HIP-3* market, using Hyperliquid to launch perpetual futures markets for U.S. customers. Hyperliquid said HIP-3* will support optional on-chain whitelists for permissioned markets in a future network upgrade, leaving existing markets unaffected. A first version is live on testnet, and the specifications remain preliminary.

TREE NEWS update: Y Combinator-backed Mochatrade has raised $5.5 million to offer US stock perpetuals to Indian traders, co-founder Chetan Manda said. The platform is currently in beta and plans to open to the public in the coming weeks.

TREE NEWS update: Hyperliquid said HIP-3 will support an optional configuration letting deployers run permissioned markets, bundled as HIP-3*, with an on-chain allowlist managed by the deployer or sub-deployers. The add-on is deployer-optional and existing markets are unaffected; a first version is live on testnet and the specification remains preliminary. Kraken parent Payward plans to become the first CFTC-regulated deployer of an HIP-3* market, using Hyperliquid to offer perpetuals to U.S. customers.

TREE NEWS update: Bitcoin wallet Electrum released version 4.8.3 on Oct. 24 to fix a critical vulnerability that lets malicious servers tamper with unconfirmed transactions and redirect user funds to attacker addresses. The flaw affects all versions before 4.8.3. At least one user reported losing funds on Oct. 18. The patch verifies signatures on the wallet’s own inputs before adding unconfirmed transactions to the local record; transactions from external senders with no wallet-owned inputs remain unverified, and developer SomberNight said closing that gap requires additional work.

TREE NEWS reports: Prediction market predict.fun puts BLG at a 71% chance of defeating KC in their League of Legends World Championship Swiss Stage round-three match, a best-of-one set for 2 a.m. on Wednesday. Both teams sit at 1-1: BLG lost their opener to Europe’s MKOI before beating North America’s TL, while KC upset LPL top seed AL and then fell to LYON.

TREE NEWS update: The NBA has designated Kalshi and Polymarket as its preferred prediction-market exchanges and signed a cooperation agreement with the CFTC, the league said. The deals include official data agreements and safeguards against insider trading. The move marks the US professional basketball league’s formal expansion into prediction markets.

TREE NEWS update: Elon Musk said construction of the Starlink mobile network will take two to three years. The timeline sets expectations for the satellite-based direct-to-cell service’s full rollout. No further details on coverage, partners or cost were given.

TREE NEWS update: Electrum has patched a confirmed exploit that allowed rogue servers to replace users’ pending Bitcoin transactions, tricking them into sending funds to attacker-controlled addresses. The vulnerability affected the wallet’s transaction-handling process, and the fix has now been released. No further details on affected users or losses were provided.

TREE NEWS update: Aave’s Ethereum USDT pool entered its steeper interest-rate tier after utilization reached 92%, raising borrowing costs for users. The higher rate is designed to give borrowers an earlier incentive to repay or add liquidity, keeping funds available for withdrawals. The change applies to the Ethereum pool and takes effect automatically under the protocol’s rate model.

TREE NEWS reports: A prediction-market account with $1.37 million in weekly profit bought $195,000 of T1-to-beat-CFO shares in the League of Legends S16 World Championship Swiss Stage round-three match, PPP prediction-market monitoring shows. The account, 0x6ac5bb06a9eb05641fd5e82640268b92f3ab4b6e, took 226,173.3 shares at an average entry price of 86.5 cents. The S16 Swiss Stage third round is underway, with every match a best-of-one.

TREE NEWS update: Canada’s Department of Finance has proposed stablecoin regulations that allow usage rewards but bar issuers from paying yield through third parties, with the draft open for comment until Dec. 23. The proposal also caps redemption fees at 1% and targets a fall 2027 start.

TREE NEWS update: SpaceX said it is targeting Sunday, November 1, for the launch of its Falcon 9 rocket carrying the USSF-432 mission. The company announced the date without providing further details on the payload or launch window. The mission is a U.S. Space Force task.

TREE NEWS reports: Bitmine, the ETH treasury company led by Tom Lee, bought 10,452 ETH but saw the value of its holdings dip to about $15 billion, leaving it roughly 58,000 ETH short of its 5% supply goal. The company also spent roughly $46 million on its own stock last week.

TREE NEWS update: Foundation Devices said attackers sent more than 23,000 phishing emails to its hardware wallet customers using customer records the company believed were deleted but remained in a legacy database table. Investigators confirmed 19,057 emails were sent via Mailgun and 1,503 via Google Workspace, with the number of affected customers still undetermined. The company said there is no evidence that the Passport hardware wallet or its private keys were compromised, and an investigation is ongoing.

TREE NEWS reports: Strategy repurchased $205 million of its STRC preferred stock in its latest weekly buyback, cutting Michael Saylor’s company’s USD cash by nearly half. The company has $956.8 million of room remaining under its newly raised $3 billion preferred buyback cap, while its bitcoin stack stays unchanged.

TREE NEWS update: Canada’s government published draft Stablecoin Regulations and opened a 60-day public consultation running until Dec. 23. The draft bars issuers from paying interest or yield to holders directly or through third parties, though usage-based rewards are permitted. Non-bank issuers must hold reserves at least equal to circulation with qualified Canadian custodians, and redemptions must be completed within three business days with no minimum amount and fees capped at 1%. The rules implement the Stablecoin Act and are slated to take effect in autumn 2027.

TREE NEWS reports: Prediction market predict.fun priced T1 at an 89% probability of beating CFO in their League of Legends World Championship S16 Swiss Stage round-three match, a best-of-one scheduled for 1 a.m. Both teams enter at 1-1; the winner moves to 2-1 and within one victory of the quarterfinals, while the loser falls to 1-2 and faces elimination pressure. T1 beat LOS before losing to DK, and CFO beat TL before falling to MKOI.

TREE NEWS update: The U.S. Commodity Futures Trading Commission and the National Basketball Association signed a memorandum of understanding to share information and establish a communication channel aimed at keeping prediction-market trading fair and preventing insider trading and market manipulation. The NBA also named Kalshi and Polymarket as its preferred prediction-market platforms. The NBA is the third U.S. professional sports league to sign such an agreement with the CFTC, after the NHL and MLB.

TREE NEWS update: Strive’s bitcoin treasury has reached 43,000 BTC after the company bought 6,182 BTC last week for about $511.4 million. The bitcoin treasury company also filed to sell up to $1 billion of its 15% SATS preferred stock at market prices through an at-the-market offering.

TREE NEWS update: OKX has begun offering eligible traders in the European Economic Area 10x bets tied to Anthropic’s valuation following the AI company’s IPO filing. The product gives users cash-settled exposure rather than shares or an IPO allocation, and includes a share-count adjustment mechanism designed to preserve position value. The offering is limited to eligible EEA traders.