Flash News

TREE NEWS update: AQAv2’s treasury wallet made its first payment to Hyperliquid on Oct. 4, paying $14.58 million for the platform’s USDC reserves held over the past 30 days, with the funds directed to the assistance fund to buy HYPE. The payment marks a new revenue stream for Hyperliquid, which now earns from user deposits regardless of trading activity. From Jan. 1 to Sep. 30, Hyperliquid’s perpetual trading volume reached $2 trillion, protocol fee revenue hit $493.3 million, and open interest rose from $7.72 billion to $16.4 billion.

TREE NEWS update: NEAR Intents has recovered the entire $3.8 million stolen from the protocol after the exploiter returned the full sum. The funds came back after the exploiter was identified and given 48 hours to respond to an ultimatum. No further details on the attacker’s identity or how the return was arranged were disclosed.

TREE NEWS update: Pons’s founder said the project’s new buyback mechanism will draw down funds every seven days, with the repurchase and burn completed over the following seven days. The disclosure came alongside a claim that 1.49 billion dollars in TRUMP tokens remains held, while the TRUMP team has cashed out 249 million dollars over eight months. Separately, an analyst flagged bitcoin’s stalled push toward 87,000 dollars, with 82,500 dollars as near-term support.

TREE NEWS update: TRON DeFi Summer S3 will launch on October 4 at 08:00 SGT with a total prize pool of $2 million, split across four asset pools: $1 million in TRX, $600,000 in USDD, $300,000 in JST and $100,000 in SUN. The four pools open simultaneous 60-day Boosted APR incentives, accessible via Binance Wallet DeFi into JustLend DAO. S2 holders automatically retain S3 reward eligibility without extra action.

TREE NEWS update: PONS founder Ozzy responded to community questions about the project’s buyback-and-burn mechanism, saying the process is now automated and any user can trigger the bot for a small reward. The team upgraded the contract so funds are claimed every seven days, followed by a seven-day buyback-and-burn cycle, with the buyback rate set at 2e per hour to match roughly $950,000 in the Splitter contract. Ozzy apologized for earlier miscommunication.

TREE NEWS update: Hyperliquid’s USDC yield program has generated $14.6 million for HYPE buybacks, with the first reserve-yield payment awaiting transfer to the Assistance Fund. The buyback funding is tied to USDC balances rather than trading volume, marking a shift in how the program supports the token.

TREE NEWS reports: A Hyperliquid address, 0xde8…d9524, holds the largest unrealized profit on an ETH position across the platform at $16.52 million, on-chain analyst Ai Yi reported on October 3. The address has built its ETH long since mid-August, holding about 30,300 ETH worth roughly $81.96 million at an average entry price of $2,134.45, a 407.96% return. It has placed a limit sell order at $4,000, 49% above the current price.

TREE NEWS reports: Stablecoin total market capitalization has shrunk by $14 billion since May, CryptoQuant analyst Darkfost said, pointing to weak liquidity inflows into crypto markets. Since September the figure has rebounded by $4 billion, lifting the total to about $270 billion. Darkfost said the trend appears to be reversing but the recovery remains weak, and stronger momentum is needed to push Bitcoin to a new high.

TREE NEWS update: Genius said Season 2 has officially ended, with 173 million GP distributed against a planned 200 million. Users who opt for a refund will receive 100% of the fees they paid to Genius and forfeit the GP earned during Season 2, and the corresponding GENIUS tokens bought back will be permanently burned. The refund window runs from 00:00 on October 7 to 00:00 on October 12.

TREE NEWS reports: A decline in PUMP eight hours ago triggered liquidations of 707.6 million PUMP tokens across two traders, worth about $3.61 million. The liquidation came as the token’s price fell, forcing the two positions to be closed.

TREE NEWS update: Aave Labs has published an ARFC on the Aave governance forum to establish the Aave Foundation, a Cayman Islands foundation company with no members, that would hold legal title to the Aave trademark, core domains and protocol codebase IP. The foundation would have an independent director and supervisor, with directors appointed and removed only via AIP; DAO decisions on listings, parameters and budgets remain unchanged.

TREE NEWS update: Arbitrum has paused new Stylus contract activations in an emergency security action, while existing active contracts can still run and renew. A new BoLD guard could delay unconfirmed withdrawals if contradictory proofs are accepted.

TREE NEWS update: USDC Treasury minted 250 million USDC on the Solana blockchain at 00:23:40 Beijing time. The fresh issuance brings the total supply of the Circle-issued stablecoin on Solana higher. No further details on the purpose of the mint were disclosed.

TREE NEWS update: Solana perpetuals exchange Velocity, formerly Drift, has opened compensation claims for its April exploit, paying 1 DFX token per 1 USDT lost. With DFX trading at about 0.0104 USDT, the payout equals roughly 1% of losses. The compensation pool holds about 3.11 million USDT, DFX total supply is 299.5 million and no longer mintable, and Tether has pledged up to 127.5 million USDT. Claims close January 1, 2028.

TREE NEWS update: Blast is winding down its Ethereum layer-2 network after operating costs outpaced revenue, and is urging users to move their assets to mainnet ahead of the shutdown. The network was once among Ethereum’s largest layer-2s by total value locked. No timeline or further details were disclosed.

TREE NEWS update: Ethereum layer-2 network Blast is shutting down after saying its operating costs now exceed the revenue the chain generates. The project, once valued at $2.3 billion, told users to withdraw their assets to Ethereum mainnet before Oct. 26.

TREE NEWS update: NEAR Intents said the $3.8 million stolen in an earlier attack has been returned in full, who posted on X that the team is closing its investigation. The protocol had identified the entity behind the attack and given it 48 hours to return the funds. Shevchenko urged parties to report issues through the bug bounty program rather than disrupting the service.

TREE NEWS update: Ethereum Layer 2 network Blast is winding down operations after its costs outpaced revenue, the Paradigm-backed project said. Users have until Oct. 26 to withdraw funds through the app. Blast, which raised from Paradigm, becomes the latest L2 to close as competition and fee economics squeeze rollup operators.

TREE NEWS update: Aave Labs has proposed creating a foundation to place the Aave brand and intellectual property under DAO oversight. Phase 1 of the plan would establish a Cayman Islands entity and appoint independent officers. Transfers of the trademark, domains and codebase would require separate governance votes at a later stage.

TREE NEWS update: NEAR Intents’ GM said the $3.8 million lost in a hack has been returned in full, with the published Bitcoin recovery wallet receiving about 34.59 BTC. The protocol had already pledged to compensate the lost funds in full.