Flash News

TREE NEWS reports: Grayscale reports that Zcash (ZEC) is currently undervalued and has potential to challenge Bitcoin’s market share. The report highlights ZEC’s unique privacy features and technological strengths as key factors for its growth prospects.

TREE NEWS reports: FRIEND token surged 28-fold within an hour after Machi Big Brother bid $1 million to acquire the friend.tech X account and domain, as the trading contracts have been null-address since 2024. The bid caused a spike in friend.tech fees, reflecting renewed interest in the platform.

TREE NEWS update: Solana’s token has surged over 8% in 24 hours and 44% this month, marking its best performance since 2024. Upcoming network changes, including a historic governance vote, could introduce a supply squeeze, potentially driving further price appreciation.

TREE NEWS reports: Hark has announced a partnership with Nvidia to advance AI development. The collaboration aims to leverage Nvidia’s technology to enhance Hark’s AI capabilities, though specific details of the partnership were not disclosed.

TREE NEWS update: HYPE briefly touched $84.825, setting a new all-time high. The surge reflects strong market momentum for the token.

TREE NEWS update: Ethena has proposed a new framework that assigns protocol IP and value accrual to the Ethena Foundation. A live governance vote would use effectively 100% of net revenue to purchase ENA tokens, potentially boosting token value.

TREE NEWS update: Chomp, an anonymous quiz game, has completed a $3.6 million funding round co-led by Jsquare and Blueyard. The funds will be used to further develop the platform and expand its user base.

TREE NEWS update: RQD Clearing, a clearing firm, has completed a $74 million funding round led by Bain Capital. The funds will be used to expand its clearing services, potentially in the digital asset space.

TREE NEWS update: Hyperliquid Strategies, the treasury arm of HYPE, has raised $647 million, doubling its HYPE token reserves to 29.3 million. The funding is expected to bolster the project’s financial position and support its ecosystem growth.

TREE NEWS update: Popular streamer Du Shi revealed he was scammed out of tens of millions of RMB by Sun Zeyu, founder of Genesis Capital, who allegedly provided fake ETH on a private fork chain to deceive him. The scam, lasting eight years, involved a chain with only seven addresses, six controlled by Sun. Du Shi’s case highlights the risks of entrusting crypto assets to others, and legal action is pending.

TREE NEWS update: BlackRock has purchased Bitcoin and Ethereum for eight consecutive trading days, with total inflows exceeding $3.1 billion. This sustained accumulation signals strong institutional demand for digital assets.

TREE NEWS reports: Since June, ETH exchange balances have decreased by 1.4 million coins, while BTC balances have increased against the trend. This shift suggests differing investor behavior between the two major cryptocurrencies.

TREE NEWS update: The Ethena Foundation has unveiled four significant ecosystem adjustments, including a buyback of ENA tokens and the elimination of monthly VC unlocks. These changes aim to restructure tokenomics and enhance long-term sustainability.

TREE NEWS update: Genius Group, an AI-focused education company, unveiled a $1.2 billion capital plan to fund its AI Treasury and Bitcoin Treasury initiatives. The move signals growing corporate adoption of Bitcoin as a treasury reserve asset alongside AI investments.

TREE NEWS reports: Bitcoin remains stable around $80,000 as traders await the Jackson Hole symposium for potential market-moving signals. The focus is on any hints about monetary policy that could impact risk assets including crypto.

TREE NEWS reports: Ripple Prime has introduced Delta One, a new service expanding its US equity derivatives business. This move diversifies Ripple’s offerings beyond crypto into traditional financial markets.

TREE NEWS reports: Data shows that if Bitcoin falls below $75,528, the cumulative long liquidation intensity on major centralized exchanges could reach $1.554 billion. This highlights the potential for a sharp market move and increased volatility.