Flash News

TREE NEWS reports: Papertrade generated $8.5 million in revenue over the past seven days, placing it fifth among all protocols by revenue, behind only Tether, Circle, Pump.fun and Hyperliquid. The figure reflects trailing-week protocol income, not a single transaction or announcement.

TREE NEWS reports: A Polymarket account with cumulative losses exceeding $30,000 (0x88b21efc4aa4e08cdc125300ad6b3a520811e1d1) bought $360,000 of “Fed will keep rates unchanged in October” at an average entry price of 85.5¢, for 377,658.3 shares. The position is a bet that the Federal Reserve will hold rates steady at its October meeting.

TREE NEWS reports: A trader with a 100% win rate, identified as 0xe813, opened a long position of 26,974 ETH worth $63.88 million after the market declined. The position is currently showing an unrealized profit of $842,000. The same trader previously made $3.3 million from NEAR trades.

TREE NEWS update: South Korea’s presidential office has postponed the cryptocurrency income tax scheduled to take effect on January 1 next year. The tax, set when the government amended the Income Tax Act in 2020, has now been delayed three times. Under the revised law, annual gains from virtual asset transfers and lending are taxed at a combined 22% rate, including other and local income taxes, after a 2.5 million won basic deduction.

TREE NEWS update: Chinese national Zheng Zhao was extradited from the Netherlands to the United States and appeared in the Central District of California court on October 23 over an investment fraud and money laundering case involving 174 US victims and more than $36.9 million. The DOJ said the scheme was run from scam centers in Cambodia. Prosecutors said over $36.9 million was moved through accounts controlled by co-conspirators to a Deltec Bank account in the Bahamas, converted to USDT and sent to Cambodian digital asset wallets. Eight co-defendants have pleaded guilty; Zhao faces money laundering conspiracy charges carrying up to 20 years in prison.

TREE NEWS update: Keystone disclosed a breach of its website that exposed customer addresses and order details, saying it has blocked access and fixed the vulnerability. Payment details, recovery phrases and private keys were not exposed, the hardware-wallet maker said. The company did not say how many customers were affected or when the breach occurred.

TREE NEWS update: Electrum has patched a wallet vulnerability that allowed a malicious server to substitute a fake payment and trick users into signing it while raising the transaction fee. Developers said one user reported losing money in the attack. The fix addresses the server-side exploit that targeted the wallet’s transaction signing process.

TREE NEWS reports: Crypto long positions lost $404 million in four hours as bitcoin briefly fell below $80,000, triggering a wave of liquidations. Spot bitcoin ETFs shed $773 million on Thursday and Friday, reversing three days of net inflows.

TREE NEWS reports: Bitcoin dropped below $80,000, triggering the liquidation of two whale long positions worth $8.05 million on Hyperliquid, Onchain Lens monitoring shows. The two positions were liquidated with a realized loss of $278,000. The liquidation adds to the pressure on leveraged traders as the largest cryptocurrency slid under the $80,000 threshold.

TREE NEWS reports: A prediction-market account that has lost $2.2 million (0x6ac5bb06a9eb05641fd5e82640268b92f3ab4b6e) bought $88,000 of TES to beat AL in the League of Legends S16 World Championship Swiss stage. The position was opened at an average price of 35.7 cents across 246,262.8 shares. The S16 World Championship is underway, with the Swiss stage played as best-of-one matches.

TREE NEWS reports: A Polymarket wallet that has lost more than $1.1 million bought $50,000 on AL to beat TES in the League of Legends World Championship Swiss stage, entering at an average price of 64¢ and sitting on a $4,400 unrealized loss, PPP prediction-market monitoring shows. The best-of-one match was scheduled for 1 a.m. in the second Swiss round, with both teams placed in the 0-1 bracket after opening losses.

TREE NEWS reports: Prediction market predict.fun puts TES at 37% to beat AL in their League of Legends World Championship Swiss Stage round-two match, a best-of-one scheduled for 1 a.m. Both teams lost their opening Swiss Stage games on day one and sit in the 0-1 pool; TES fell to LCK side HLE in under 24 minutes, while AL lost to Europe’s KC after a comeback. All four LPL teams lost on the opening day, a first for the region.

TREE NEWS update: Pump.fun said on X that Monad is now live in its app, letting users buy any Monad-chain token directly with their USDC balance without manually bridging or switching wallets. Monad’s official account also confirmed the integration. The announcement was dated October 25.

TREE NEWS reports: Arbitrum’s ARB token fell to a four-week low, with its losses outpacing those of bitcoin and ether, while OP and POL each dropped more than a quarter over matched four-week windows. Despite the price declines, active-address count on Arbitrum One rose.

TREE NEWS reports: Strategy, Strive and other bitcoin treasury companies have used preferred stock financing to buy 135,979 bitcoin since the start of 2025 through Oct. 5, more than 0.5% of bitcoin’s maximum supply, with the related preferred stock market at about $12 billion. Strategy spent $193 million repurchasing STRC and bought 267 bitcoin in its latest weekly report, raising its preferred stock repurchase authorization to $3 billion.

TREE NEWS reports: Ether dropped below $2,300, extending a 28-day decline to 14.7% and underperforming bitcoin by 9.15 percentage points over matched nearly four-week windows. US ether ETFs recorded another outflow on Oct. 22, adding to pressure on the second-largest cryptocurrency.

TREE NEWS reports: A single whale holds a 93,184 ETH long position worth about $214 million that could be liquidated if the market keeps falling, with liquidation prices at $2,256.45 and $2,226.53, Lookonchain monitoring shows. The position’s size means a slide to those levels would trigger forced unwinding of the entire long.

TREE NEWS reports: Machi (@machibigbrother, address 0x020c…5872) was liquidated five times within one hour, leaving roughly $5,000 in the account, Lookonchain monitoring shows. The repeated liquidations wiped out nearly the entire balance of the trader’s position in a single hour.

TREE NEWS reports: Bitcoin dropped below $80,000, triggering $291 million in liquidations across crypto exchanges in the past hour, Coinglass data shows. Long positions accounted for $274 million of the total, while short liquidations reached $17.33 million. BTC liquidations totaled $86.79 million and ETH liquidations $69.80 million in the same window.

TREE NEWS reports: A third exploit transaction on the X100 token moved roughly 549,916 X and 1,909 USDT to a new beneficiary, with a different sender behind the transfer. The affected Uniswap pool held less than 200 USDT at the time. The incident marks the latest in a series of X100 exploit transactions targeting the token’s Uniswap liquidity.