Flash News

TREE NEWS update: Fundstrat’s Tom Lee suggests that Bitcoin’s entire gains come from its best 10 trading days, and this week is one of them. He implies that staying invested is crucial to capture these rare but significant moves.

TREE NEWS reports: Circle has announced September 16 as the launch date for its Arc public mainnet, with 11 founding validators named and approximately 20 validators expected at launch. This marks a significant step in Circle’s blockchain infrastructure development.

TREE NEWS update: Illuvium co-founder Kieran Warwick announced that the team has taken wage cuts to extend the Ethereum game studio’s runway beyond 12 months. The remaining team will focus almost entirely on the Overworld MMO.

TREE NEWS reports: CFTC Chairman stated the agency will defend its exclusive regulatory authority over prediction markets and establish rules for them. This move aims to clarify the legal framework for such markets, which have grown in popularity.

TREE NEWS reports: Bitcoin surged 7.9% in a day to around $77,000, triggering a short squeeze that liquidated $1.21 billion in bearish bets. The rally came amid a wave of favorable news from Washington, boosting market sentiment.

TREE NEWS update: Tom Lee, co-founder of Fundstrat, stated that BitMine stocks have an 80% correlation with Ethereum, and he expects ETH to outperform BTC in this cycle. He also noted that the approval of a spot Ethereum ETF could be a significant catalyst for ETH’s price.

TREE NEWS update: Bitmine has emerged as the US-listed company with the highest price sensitivity to Ethereum, exceeding Coinbase’s correlation. This shift highlights the growing influence of crypto-mining and treasury strategies on traditional equity markets.

TREE NEWS reports: Coinbase CEO Brian Armstrong announced that the CLARITY Act is expected to receive 60 votes in the Senate by September 15, signaling a significant step forward for crypto regulatory clarity in the US. The legislation aims to provide clear rules for digital assets, potentially boosting institutional adoption and market stability.

TREE NEWS reports: The August 19 price surge was the only short squeeze among the top 10 liquidation events in crypto history, liquidating $2.739 billion in short positions. This marked a significant market event, highlighting the volatility and leverage in the crypto market.

TREE NEWS update: A whale that opened long positions on Bitcoin and Ethereum about 1.5 months ago is currently sitting on unrealized profits of roughly $21.1 million. The trades highlight bullish sentiment among large holders in the crypto market.

TREE NEWS reports: CFTC Chairman stated that if Congress continues to shelve the Clarity Act, the agency will push forward with its own framework for regulating crypto markets. This indicates proactive regulatory steps amid legislative gridlock.

TREE NEWS update: A judge ruled that Justin Sun’s individual claims against World Liberty will proceed in open court, while corporate plaintiffs’ claims must go to arbitration. As of Thursday afternoon, no written order had been filed.

TREE NEWS update: Tom Lee, co-founder of Fundstrat, stated that he prefers Robinhood over Kalshi because the regulatory issues surrounding prediction markets are complex. He believes Robinhood’s broader platform and clearer regulatory path make it a more attractive investment. This highlights the challenges facing prediction market operators in the U.S.

TREE NEWS update: The CFTC has indicated it will step in to offer regulatory clarity for cryptocurrencies if Congress fails to act. Meanwhile, Bitcoin approaches $80k and altcoins like Pump and ZEC surge.

TREE NEWS reports: The US Internal Revenue Service (IRS) has issued a warning about a novel cryptocurrency phishing attack that uses fraudulent letters containing QR codes to steal wallet private keys. Taxpayers are advised to be cautious of unsolicited correspondence and verify the authenticity of any IRS communication.

TREE NEWS update: Data shows that Circle and Tether have minted $3 billion worth of stablecoins over the past two days. This significant issuance may signal increased demand for crypto liquidity.

TREE NEWS reports: Aave V4’s deposit volume has exceeded $600 million, reaching a new all-time high. This milestone highlights the growing adoption of the latest version of the Aave protocol.