Flash News

TREE NEWS reports: Pump.fun generated about $1.98 million in revenue over the past 24 hours, edging past Hyperliquid’s $1.96 million to rank third on DefiLlama’s revenue leaderboard, behind only Tether at $17.28 million and Circle at $6.88 million. The ranking uses Pump’s total business revenue, covering token issuance, PumpSwap and its trading terminal, not token-issuance revenue alone.

TREE NEWS update: HSBC on Friday activated its Hong Kong dollar stablecoin inside PayMe, its mobile payment app with 3 million users, testing whether a bank-issued token can function as everyday money. The launch places a regulated bank stablecoin directly in consumer wallets in Hong Kong.

TREE NEWS reports: Falcon Finance will unlock 210 million tokens worth about $20.68 million, more than 6% of its circulating supply, in the coming week’s token release schedule. Kamino will unlock 230 million tokens valued at roughly $9.34 million, and EigenLayer will release 36.81 million tokens worth about $7.62 million. Collector also appears on the schedule, but its unlock amount was not disclosed.

TREE NEWS reports: A wallet linked to a scam targeting Coinbase users moved 3 million sUSDS to a new wallet, converted the funds and deposited a total of 1,389.6 ETH into Tornado Cash across 36 transactions, Salus monitoring showed on October 24. The wallet was identified in 2025 reports as connected to the scam activity.

TREE NEWS update: Zhang Xue, founder of Zhangxue Motorcycle, will attempt a Guinness World Record on October 25 by riding a modified Zhangxue MX450 motorcycle across open water for a planned 40 kilometers in Xiaopo Village, Guogongping Town, Mayang Miao Autonomous County, Huaihua City, Hunan Province. The record category is “farthest distance traveled on open water by a modified motorcycle.”

TREE NEWS update: Initia disclosed that an attacker exploited a script caching vulnerability in its MoveVM on Oct. 23 at 22:59 (UTC+8), bypassing security checks and forging MoveVM state to credit themselves with unbacked WETH, iUSD and USDC worth about $2.7 million. The protocol said total supply of those tokens was unchanged and that no INIT was minted, leaving its total supply unaffected.

TREE NEWS update: HTX has added Russia to its list of countries and regions where use of its services is prohibited. The restriction applies to individuals residing or located in Russia and to companies registered or primarily operating there. HTX may limit access to platform services, suspend withdrawals and close accounts, and reserves the right to change the list without notice. No effective date or withdrawal arrangements were disclosed.

TREE NEWS update: Zhou Hongyi plans to transfer a 12.89929% equity stake in Beijing Qifei Xiangyi Business Consulting Co. at a floor price of about 219 million yuan. The disclosure period runs from Oct. 26 to Nov. 20, 2026. The floor price has been reduced by a dividend of about 54.18 million yuan that the seller received under a shareholder resolution dated March 13, 2026.

TREE NEWS reports: The Federal Reserve raised its policy rate by 25 basis points in September 2026, its first hike in more than three years, lifting the target range to 3.75%–4.00%. Bitcoin rose 0.74% on decision day and 11.58% over the following seven days, while Ether gained 0.83% and 11.94% and SOL climbed 18.70% over seven days. The analysis argues the single hike was largely priced in and that the future rate path, dollar liquidity and leverage will matter more than the decision itself.

TREE NEWS update: Arthur Hayes said his investment firm Maelstrom has closed out positions in ETH, ENA, UNI and other altcoins, taking profits. Hayes expects the crypto market may first suffer a decline due to macroeconomic and geopolitical uncertainty before rallying again, and plans to stay on the sidelines until clearer signals emerge.

TREE NEWS update: Odaily said it was not affected by the DarkSword cyberattack that hit BlockBeats’ website, and that its app carries no security risk. The app was temporarily removed from the App Store last week over a developer account issue and is in review for reinstatement, expected next week. Some users received Apple system alerts about the app’s status, which the company said were unrelated to the attack or any security problem.

TREE NEWS update: Arthur Hayes said he has sold Maelstrom’s directional book, with Hayes-linked wallets transferring 8,000 ETH and six other tokens. The move contrasts with his Oct. 15 declaration that he was long Bitcoin and Ether. The transfers were tracked on-chain.

TREE NEWS reports: A wallet linked to Arthur Hayes transferred 8,000 ETH worth about $19 million, with 1,600 ETH — roughly $3.8 million — sent to each of Binance, Galaxy Digital and FalconX, on-chain tracker Onchain Lens reported. The transfers were intended for sale.

TREE NEWS update: Argentine President Javier Milei responded to a judicial ruling that dismissed the criminal case against him and his sister Karina Milei over the $LIBRA cryptocurrency, asking who would compensate him for reputational damage suffered over ‘one year, eight months and nine days’ from lies, slander and insults. He said the judiciary had ‘righted itself’ and exposed a ‘huge political and media operation’ aimed at harming the presidency for ‘coup-style’ political ends, naming several journalists in his criticism. A court had earlier revoked the LIBRA criminal investigation into the president and his sister.

TREE NEWS reports: Arthur Hayes is selling tokens worth $22.28 million, including 6,400 ETH valued at $15.2 million. The wallet labeled 0xaE…214D is also offloading 14 million ENA worth $2.76 million, 323,000 UNI worth $2.24 million, 1.89 million ETHFI worth $1.23 million, 546,609 AERO worth $398,000, 120,000 PENDLE worth $244,000 and 3 million ZAMA worth $214,000.

TREE NEWS reports: Arthur Hayes transferred a total of $6.2 million in tokens across three venues after a nine-day pause, sending 14 million ENA worth $2.74 million to Binance, 323,000 UNI worth $2.24 million to Wintermute and 1.89 million ETHFI worth $1.22 million to FalconX, on-chain tracker Onchain Lens reported. The transfers were made from the wallet address 0x6cd…7e21.

TREE NEWS update: An Argentine judge dismissed the criminal investigation into Javier Milei over the LIBRA token scandal, prompting the president to publish a lengthy post on X asking who will compensate him for “one year, eight months and nine days” of damage from what he called lies and slander. Milei said the judiciary had exposed a massive political and media operation aimed at a political coup, and accused opponents of using the case to extort the government over tax liabilities.

TREE NEWS update: Mastercard has adopted an agentic payment scheme built on x402 and USDC, settling transactions on the Base network, Base said. The arrangement uses the x402 payments protocol with USD Coin as the settlement asset. It marks a step toward machine-initiated payments running on public blockchain rails.

TREE NEWS reports: USDC’s circulating supply fell by roughly 500 million tokens in the seven days to Oct. 22, as Circle issued about 12.8 billion USDC and redeemed about 13.3 billion. Total circulation stands at 72 billion USDC, backed by reserves of about $72.2 billion, including $36.1 billion in overnight reverse Treasury repo, $25.9 billion in Treasuries maturing in under three months, $9 billion in systemically important institution deposits and $700 million in other bank deposits.