Flash News

TREE NEWS update: Paxos’ stablecoin USDG went live on Arbitrum One, with Fluid, Morpho, GMX, Maple and Kraken supporting it. A proposal published the same day asks ArbitrumDAO to add 100 million ARB to an incentive program that still has about 63.7 million ARB unspent.

TREE NEWS update: Polymarket has begun rolling out Protocol V2, with a planned November transition for new prediction markets. Existing positions remain on the current system during the rollout. The overhaul replaces the platform’s smart contracts.

TREE NEWS update: Circle has added Aave as a lending option for bitcoin-backed borrowing in its Mint platform, extending the existing Morpho-based service. Borrowers using the new option remain exposed to liquidation under third-party protocol rules.

TREE NEWS update: Polymarket is rebuilding its core smart contracts under a new Protocol V2, replacing a stack of add-on contracts built on 2019 Gnosis code with a single modular system, its head of protocol said. A handful of live markets are already running on V2 through October, with the switchover targeted for Nov. 2.

TREE NEWS update: The Ethereum Economic Zone (EEZ) has executed its first atomic cross-chain L1-to-L2 transaction on mainnet. The milestone marks an initial live implementation of atomic interoperability between Ethereum’s base layer and a Layer 2 network. No further transaction details or figures were disclosed.

TREE NEWS update: OKX launched OKX Money, a standalone app for transfers, spending, savings and asset custody, at its OKX NOW summit in Singapore. Built on X Layer with self-custodial smart accounts and round-the-clock digital asset transfers, it is live in more than 30 countries. European users get Aave-backed Pay Boost, which lets funds earn yield while staying spendable.

TREE NEWS update: OKX Web3 said at its OKX NOW summit in Singapore that X Layer’s DeFi TVL grew roughly 11x this year and hit a record high in September. Its ExchangeOS product packages matching, risk control, margin and settlement into modular components, and a new proposal, XIP-Exchange OS, will let developers plug into shared trading infrastructure and liquidity. On-chain spot and perpetual markets built on ExchangeOS are set to enter public beta.

TREE NEWS update: Arc has open-sourced a USDC borrowing demo application built on its Borrow Kit, letting developers add crypto-collateralized lending to Arc-based apps without writing custom smart contracts or maintaining direct integrations with lending protocols. The demo walks through the full lending flow: discovering markets, sizing a loan, depositing cirBTC as collateral, borrowing USDC, monitoring position health, repaying, and closing the position.

TREE NEWS reports: A whale withdrew 8,088 AAVE, worth $1.46 million, from Coinbase and deposited the tokens to FalconX, on-chain tracker Onchain Lens reported on October 6. The transfer to the institutional trading platform suggests the holder may be preparing to sell the position.

TREE NEWS update: OKX has launched OKX Money, an app that lets users hold, send and spend dollar-backed stablecoins, with qualifying USDG balances earning up to 10% APY. The product is aimed at emerging markets, combining stablecoin payments with a yield-bearing savings feature. OKX did not disclose which markets will get access first or when the rollout begins.

TREE NEWS update: Aave’s GHO Risk Council raised the core GHO borrow rate to 4.5% and also lifted Prime’s base rate, citing thin redemption reserves. The Ethereum USDC conversion module remained nearly empty, leaving limited capacity to absorb GHO redemptions.

TREE NEWS update: Crypto investigator ZachXBT said he fronted $349,700 of his own money to infiltrate an alleged laundering ring, work he links to a 442,000 USDT freeze. He said he identified a cluster tied to Bybit and valued at more than $12 million.

TREE NEWS update: Aave has activated LlamaRisk agents to manage Pendle collateral on Plasma, allowing automated adjustments to pricing and borrowing parameters for a principal token with $36.72 million supplied. The agents operate under fixed step limits and cooldowns, capping how far and how fast parameters can move.

TREE NEWS reports: Ethereum’s validator exit queue has eased to 767,000 ETH following validator exits tied to MetaMask, while nearly 1.44 million ETH is waiting to begin staking. The entry backlog is down 31% from Sept. 1 but still implies a wait of roughly 25 days to start staking.

TREE NEWS reports: Flying Tulip’s ftPUT NFT options market has surpassed $5 million in trading volume. Buying an ftPUT NFT transfers its remaining FT tokens and redemption rights to the buyer, while spot FT purchases carry no such protection. The mechanism gives NFT holders a claim on the underlying tokens and their redemption terms.

TREE NEWS update: About $6 million in Aave deposit tokens were drained from a vault on Base in six outflows that followed a borrower-whitelist change. The proceeds were redeemed for wstETH, with some of the funds later moved into bridge withdrawals toward Ethereum.

TREE NEWS update: Compound is voting on Proposal 612, which would extend treasury delays from two days to ten. A wallet linked to Humpy has cast 1.75 million COMP votes in support of the measure, which would give governance power to cancel treasury operations.

TREE NEWS update: S&P Global has introduced a new framework that assesses digital asset lending vaults across six risk categories, as deposits in the sector climb to about $10 billion. The ratings provider’s move brings a structured risk-evaluation standard to a fast-growing corner of crypto lending.

TREE NEWS reports: Crypto exchanges liquidated $216 million in futures contracts over the past 24 hours, CoinGlass data shows, with $91.76 million in long positions and $125 million in shorts wiped out. Bitcoin accounted for $96.12 million of the total and Ether $29.96 million. The largest single liquidation, worth $11.85 million, occurred on Binance’s BTCUSDT pair.