Flash News

TREE NEWS reports: A crypto industry association has filed a lawsuit against the state of Illinois, challenging a new 0.2% tax on digital asset transactions. The suit argues the tax is unconstitutional and burdensome, potentially setting a precedent for other states.

TREE NEWS update: Coinbase’s Vice President of Product, Dor Levi, has left the company, where he was responsible for resolving user account restrictions. His departure marks a notable executive change at the major crypto exchange.

TREE NEWS reports: Coinbase has added five tokens—CP, BASECAT, DRB, POD, and GRASS—to its listing roadmap, indicating potential future listing on its exchange. This move signals continued expansion of supported assets amid growing crypto market interest.

TREE NEWS update: Galaxy Research suggests that Bitcoin reclaiming its 50-week moving average could mark the end of the bear market. This technical indicator is often watched by traders as a sign of trend reversal. The analysis provides a bullish outlook for Bitcoin’s price trajectory.

TREE NEWS update: Bitcoin broke above $79K, igniting a rally in crypto-linked stocks like Canaan and MARA, as Treasury buyback expansion boosts liquidity. HYPE reached a new all-time high above $77, while HOOD surged 11% past $106. The market saw a record $2.74B short liquidation on Aug 19.

TREE NEWS reports: Solana has activated 350-millisecond slots on its mainnet, marking the first reduction in block production time since its inception. This change shortens the window for validators and initiates a gradual path toward 200-millisecond slots over subsequent epochs.

TREE NEWS reports: Bitcoin surged 22.6% in the past week, its largest weekly gain since November 2024, following President Trump’s urging of the Senate to pass the CLARITY Act for market structure regulation. The move highlights renewed optimism for crypto-friendly legislation.

TREE NEWS reports: Pantera Capital’s portfolio manager expresses bullishness on Bitcoin, citing recent price surges and support from smart money. The sentiment underscores growing institutional confidence in the cryptocurrency market.

TREE NEWS update: Coinkite’s Coldcard hardware wallet firmware now requires user-added randomness for seed generation and fixes other issues found in a three-week review, following a $130 million Bitcoin exploit. The update aims to enhance security against potential attacks.

TREE NEWS update: Bitcoin’s price has surged past the $78,000 mark, reaching a new all-time high. The breakout reflects strong momentum in the crypto market, with investors showing increased risk appetite.

TREE NEWS reports: Ether (ETH) has broken through the $2,450 level, marking a notable price movement in the cryptocurrency market. The surge reflects renewed investor interest and positive market sentiment.

TREE NEWS reports: Bitget CEO Gracy Chen predicts Bitcoin will remain within $10,000-$20,000 of current levels due to macroeconomic uncertainty, and doubts the US government will purchase BTC within the next two years.

TREE NEWS reports: Bridgewater Associates founder Ray Dalio has endorsed Bitcoin alongside gold as a hedge against an impending debt crisis driven by government money printing. His comments highlight Bitcoin’s growing acceptance among traditional investors as a store of value.

TREE NEWS reports: Institutional buying, improving macro conditions, and a friendlier regulatory outlook are supporting Bitcoin’s rally, while billions in short liquidations have accelerated the move.

TREE NEWS reports: Billionaire investor Ray Dalio recommends holding a small amount of Bitcoin and gold as a hedge against potential debt crisis, suggesting they are better alternatives than bonds. His comments highlight growing mainstream acceptance of crypto as a safe haven asset.

TREE NEWS update: The CFTC has imposed a trading ban on former Alameda and FTX executives, while US prosecutors opposed a motion from a US soldier accused of profiting from the removal of Nicolas Maduro. These are the latest developments in crypto legal news this week.

TREE NEWS reports: Bitcoin’s volatility eased as it hit its highest level since mid-May, approaching $77K support. Gold also neared three-month highs, with both assets close to 100-day moving averages.

TREE NEWS reports: Data shows that if Bitcoin falls below $73,523, cumulative long liquidation intensity on major centralized exchanges could reach $2.52 billion. This highlights potential market volatility and risk of cascading liquidations.

TREE NEWS update: SpaceX conducted a 60-second static fire test of its Starship vehicle, a key milestone in its development. The test is part of preparation for an upcoming flight, though no specific date was announced.

TREE NEWS update: Solana has activated its first reduction in block timing since launch, aiming to speed up transactions on the network. This upgrade could enhance throughput and potentially impact SOL’s price positively.