Flash News

TREE NEWS reports: Bernstein lowered its price target on Coinbase while raising its target for Circle, citing prediction markets and derivatives as factors shifting the two companies’ earnings outlook. The analyst note tied the revised targets to new products changing how each firm generates revenue. No specific target prices were disclosed in the material.

TREE NEWS update: CoinDCX has confirmed a loss of 15.99 million USDT from wallets it retired following last year’s $44 million hack, bringing the Mumbai-based exchange’s combined losses to nearly $60 million. The exchange said it is absorbing the hit, days after its CEO had dismissed the incident as a ‘false alarm.’

TREE NEWS update: The NBA designated Kalshi and Polymarket as its “preferred prediction market exchanges,” granting both access to NBA intellectual property, U.S. marketing rights and official Sportradar data for operating and settling NBA-related markets. DraftKings expanded its partnership to become an “authorized prediction market operator.” The league also signed a memorandum of understanding with the CFTC covering cooperation and information sharing, alongside an integrity framework barring league and team personnel from trading NBA event contracts.

TREE NEWS update: Chainlink rolled out CustodySync, a product letting qualified custodians’ institutional clients lend into DeFi markets while assets stay in custody, with Anchorage Digital as launch partner. The system publishes custody balances on-chain via Chainlink Proof of Reserve and issues restricted-transfer receipt tokens as collateral, while custodians and lending protocols use the same Chainlink Data Feeds and Data Streams prices to calculate LTV, with a designated collateral agent handling sales on liquidation.

TREE NEWS update: The CFTC and the NBA have agreed on standards to protect the integrity of the game in relation to prediction markets, making the NBA the third league to sign such a pact with the regulator. The agreement involves Kalshi and Polymarket. No further terms or effective date were disclosed.

TREE NEWS update: Chainlink introduced CustodySync with Anchorage, a system that uses shared price data to align loan valuations while Anchorage retains collateral and manages margin and liquidation. The product links Chainlink’s price feeds with Anchorage’s custody infrastructure to support DeFi borrowing against custodied assets. No launch date or fee terms were disclosed.

TREE NEWS update: Kalshi has reached an agreement with S&P Dow Jones Indices to add the index provider’s gauges to its financial event contracts, the prediction-market platform said. The deal adds S&P Dow Jones to a growing list of Wall Street firms expanding their involvement in prediction markets. Terms of the agreement were not disclosed.

TREE NEWS update: Balancer said a review uncovered more than $500,000 in user assets that had been overlooked. The findings include buffer positions linked to Ethena and Gauntlet, as well as legacy LDO rewards for Gnosis DAO and its stakeholders.

TREE NEWS update: Miden’s partner mainnet is now live and connected to Polygon’s Agglayer cross-chain aggregation layer, Polygon said on October 26. The integration gives the network access to liquidity across the broader blockchain ecosystem. Miden also confirmed that its network is running on the partner mainnet.

TREE NEWS update: Bitmine added 10,452 ETH, bringing its holdings to 4.95% of Ethereum’s total supply, the Tom Lee-linked firm said. Its larger move was repurchasing 2.04 million of its own shares, which it calls the largest equity buyback any crypto treasury company has run.

TREE NEWS reports: Crypto futures liquidations across exchanges totaled $196 million in the past 24 hours, with long positions accounting for $128 million and shorts $67.57 million, CoinGlass data show. Bitcoin liquidations reached $53.17 million and Ethereum $48.36 million, while the largest single liquidation was a $6.97 million ETHUSDT order on Binance.

TREE NEWS update: BNB Standard Corporation (ticker: BNC) CEO odagius rang the Nasdaq opening bell on October 26, with Changpeng Zhao, Ella Zhang and the YZi Labs team in attendance. odagius previously worked at YZi Labs for five years. YZi Labs said its backing of BNB Standard is meant to give investors a public-market channel to participate in BNB’s long-term development; the firm has invested in BNB ecosystem projects since 2018, spanning wallets, DeFi, payments and AI.

TREE NEWS reports: The address tagged as the X100 attacker deposited 821.2 ETH, worth about $1.89 million, into the Tornado Cash mixer, PeckShieldAlert said on October 26. X100 suffered a flash-loan governance attack on October 24, losing roughly $4.75 million. Its X token fell 96% within 24 hours.

TREE NEWS update: Coinbase Global Inc. said some users may currently be unable to convert Brazilian real on its platform to buy or sell crypto assets. The company disclosed the disruption in a brief statement without specifying how many users are affected or when service will be restored. The issue concerns the BRL on-ramp and off-ramp for trading.

TREE NEWS update: Keystone will destroy 18,835 wallets following the theft of a device-authentication key, the hardware wallet maker said. Owners of old-key devices received after Oct. 20 must undergo additional authenticity checks, even if the wallet passes Keystone’s online verification. The company did not disclose how the key was stolen or the value of assets held in the affected wallets.

TREE NEWS reports: Immunefi CEO Mitchell Amador warned that websites could remain compromised for weeks following a PHP vulnerability, with smaller sites slower to adopt emergency upgrades. He said the incident shows the anticipated AI-driven “vulnerability apocalypse” is arriving on schedule. Amador did not specify which PHP flaw or how many sites were affected.

TREE NEWS update: The NBA has designated Kalshi and Polymarket as preferred prediction market exchanges, giving both platforms official league data and NBA branding. The deal marks the league’s first formal partnership with prediction market operators, extending official NBA data and marks to the two venues.