Flash News

TREE NEWS update: DogeOS launched a public testnet for its zero-knowledge rollup that brings EVM smart contracts to Dogecoin, with DOGE used to pay gas fees. The testnet marks the first public release of the project’s ZK-based scaling layer for the Dogecoin network.

TREE NEWS reports: Aave V4’s total value locked rose 82% in September, with the Arc deployment reaching $181 million, while active loans across DefiLlama-tracked markets climbed 76%. Despite the growth, V4 generated only 2% of Aave’s trailing 30-day protocol revenue.

TREE NEWS update: The European Securities and Markets Authority has proposed MiCA rules covering DeFi gateways, staking and lending. The regulator also wants to bar crypto firms from all MiCA-licensable services involving noncompliant stablecoins, extending the restrictions to custody and transfers.

TREE NEWS update: Open Standard’s dollar stablecoin, Open USD, went live Wednesday on Ethereum, Solana, Base and Tempo, issued by Stripe’s Bridge. Stripe, Visa and Mastercard are opening the stablecoin to businesses, with Coinbase access beginning Oct. 1.

TREE NEWS update: USD.AI said its USDai and sUSDai assets have expanded to Solana through LayerZero’s OFT standard, letting them move across supported networks as a unified asset. Besides Solana, the two assets are supported on Arbitrum, Ethereum, Plasma and Base. Cumulative cross-chain transfers via the OFT standard have now exceeded $2 billion, LayerZero said.

TREE NEWS reports: Crypto futures liquidations across all exchanges totaled $277 million over the past 24 hours, with long positions accounting for $142 million and short positions $136 million, CoinGlass data shows. Bitcoin liquidations reached $91.26 million and Ether $56.71 million. The single largest liquidation, worth $6.9154 million, occurred on HTX’s BTC-USDT pair.

TREE NEWS update: Hyperliquid Labs plans to unstake about $320 million worth of HYPE today as part of its monthly team token unlock, with the tokens to be sold to an institution via over-the-counter (OTC) trade. The unstaking and OTC sale cover the project’s monthly team allocation.

TREE NEWS update: Ostium’s recovery plan will fully repay 3,321 wallets that lost $1,000 or less when the claims portal opens Wednesday. The remaining 345 wallets, which account for at least 86% of the $23.8 million total loss, must choose between a $1,000 payment and a pro-rata claim on funds Ostium has not yet recovered.

TREE NEWS update: Abracadabra is winding down its MIM stablecoin, with a Snapshot vote closing Wednesday to liquidate most of the lending protocol’s remaining collateral into ether after the team found about $21 million of bad debt. Holders are being offered roughly 4 cents per token.

TREE NEWS reports: Hyperliquid co-founder Jeff Yan said at Korea Blockchain Week that round-the-clock trading is not what distinguishes onchain venues from traditional exchanges. In a fireside chat, Yan argued crypto never needed conventional market hours because the asset class is inherently international, and that traditional exchanges have moved toward longer hours themselves. He did not name the feature he considers the real differentiator.

TREE NEWS reports: Standard Chartered forecasts Ethena’s ENA token will reach $2 by the end of 2028, implying more than 600% upside, as the protocol’s USDe synthetic dollar scales eightfold to $40 billion. The bank expects buybacks to reshape the token’s value. The call was published in a research note on the outlook for Ethena’s token and stablecoin.

TREE NEWS update: A wallet linked to the $387.5 million Bitget exploit moved 2,746 ZEC, worth about $3.9 million, into Zcash’s Ironwood privacy pool in three transactions on Wednesday. The funds represent roughly 15% of the ZEC stolen on September 24. Ironwood hides sender, receiver and amount, though investigators may still trace funds back to public addresses via transfer timing and amounts.

TREE NEWS reports: Standard Chartered has initiated coverage on Ethena’s ENA token with a forecast that it will reach $2 by the end of 2028, roughly a sevenfold gain from current levels. The bank’s first report on the token ties the projection to growth in the USDe stablecoin and a buyback schedule that has not yet been activated.

TREE NEWS update: A same-name asset error at Gate affected 200 accounts and triggered liquidations in its perpetual futures market, two self-identified Gate managers said. The exchange said balance displays are being restored. No loss figure or timeline was given.

TREE NEWS reports: A single address opened a 5x leveraged long position on 1.38 million ASTER tokens worth $1.05 million on Aster DEX. The position is showing an unrealized profit of more than $137,000, a return of 65.36%.

TREE NEWS reports: Standard Chartered has initiated coverage on Ethena’s ENA token with a $2 price target, forecasting a roughly 7x gain by end-2028. The bank’s thesis rests on Ethena’s buyback program, which activates once USDe supply reaches $7.5 billion. USDe supply currently stands at $4.9 billion, leaving the buyback trigger about $2.6 billion away.

TREE NEWS update: PhotonPay and DFNS announced a partnership on September 30 to upgrade PhotonPay’s global payments infrastructure. The tie-up combines DFNS’s institutional-grade wallet infrastructure and policy engine with PhotonPay’s payment network, letting businesses move between fiat and digital payment rails in cross-border trade. The integration automates the end-to-end transaction lifecycle while maintaining bank-grade security and programmable compliance controls.

TREE NEWS update: Robinhood said on September 30 that it will offer perpetual futures to eligible US users through Bitstamp, the crypto exchange it acquired for $200 million in 2025. The service initially supports BTC, ETH, SOL, XRP, DOGE, ADA, LINK and HYPE, with up to 10x leverage on BTC and ETH and 3x on others. Lighter’s LIT token fell nearly 20% on the news, as traders had expected Robinhood to route US perps demand to the Perp DEX.

TREE NEWS update: Abracadabra has proposed liquidating its MIM stablecoin at roughly four cents on the dollar under a Snapshot vote. The plan would swap remaining collateral into ether and pay MIM holders pro rata. The team estimates recoverable backing at about $900,000 against $21 million in bad debt.