Flash News

TREE NEWS reports: A crude animated film ‘Niu Lai’ (Cow Comes) went viral for its poor quality, spawning a same-named Meme coin that soared to a $30 million market cap within 3 days, a 3000x gain. The film, made by a former renovation company team, has become a cultural phenomenon, with the token riding on retail investors’ hopes for a bull market.

TREE NEWS update: Several US ETFs have increased holdings in Chinese chip stocks, including Roundhill Memory ETF and Tema Memory ETF adding ChangXin Technology and GigaDevice. This move signals growing international capital allocation to Chinese tech assets.

TREE NEWS reports: Morgan Stanley increased its Bitcoin holdings to over 6,600 BTC, while the SEC is reviewing Cboe’s application for six 3x leveraged commodity ETFs covering Bitcoin and Ethereum. Meanwhile, chip stocks rebound amid persistent short-selling concerns in Korea, and major investors like Duan Yongping and Hillhouse adjusted tech positions.

TREE NEWS update: Serenity, a prominent investor, highlights that the AI infrastructure supply chain is entering a long-term expansion, with storage, advanced packaging, and power sectors poised for sustained demand. UBS forecasts traditional DRAM makers like Micron could hit 95% gross margins by 2027, while SanDisk’s long-term agreements cover two-thirds of 2028 capacity at $93B minimum revenue. CoreWeave’s extended Nvidia A100 usage through 2029 and rapid AI model growth further support the bullish outlook, despite packaging and ABF substrate bottlenecks.

TREE NEWS reports: The BSC-based meme coin ‘Niu Lai’ saw its market cap plunge to $14.71 million, down 36.01% in the last hour, though still up 412.7% over 24 hours. Odaily warns investors of high volatility in meme coins.

TREE NEWS update: Hong Kong police arrested 17 people in a crackdown on a phone scam ring that targeted the elderly, seizing HK$3.67 million in cash. The gang recruited Malaysians to pose as relatives in distress, collecting HK$4.67 million in bail money from 22 victims. Police noted that some crypto exchanges were used to launder funds, urging them to verify customers.

TREE NEWS reports: The SEC is reviewing Cboe BZX’s rule change proposal to list six triple-leveraged commodity ETFs, including Bitcoin and Ethereum products, with an initial 45-day review period. The BTC and ETH ETFs will invest in CME futures rather than directly holding the assets, and require SEC approval before listing.

TREE NEWS update: ElizaOS founder Shaw accused daos.fun creator baoskee of insider trading during ai16z’s rebranding and migration, selling all ai16z tokens for about $6.6 million before the token’s decline. Baoskee denies the claims, citing a Snapshot vote and added liquidity, while counter-accusing Shaw of mismanagement. The dispute highlights ongoing governance and transparency issues in the crypto space.

TREE NEWS reports: Morgan Stanley increased its Bitcoin holdings by approximately 111.762 BTC, worth $7.03 million, via its spot Bitcoin ETF (MSBT), bringing its total to over 6,600 BTC for the first time, valued at over $420 million. The purchase reflects continued institutional accumulation during market dips.

TREE NEWS update: Next week, President Trump is expected to attend a White House innovation meeting with crypto CEOs from Coinbase, Ripple, and others, ahead of the first CFTC advisory committee meeting. The Fed will release July meeting minutes on August 20, with markets focused on rate hike signals. Additionally, several crypto-related events include Binance delistings, Coinbase’s US500 futures launch, and a Bitcoin eCash hard fork.

TREE NEWS reports: Perpetual futures have become the dominant force in crypto trading, now expanding into stocks, indexes, gold, and pre-IPO assets on newer venues. However, overall crypto trading volumes have sunk to a 31-month low, indicating a shrinking market.

TREE NEWS update: Meta has patented camera technology that can automatically recognize faces and log actions in video footage without requiring consent. The system would convert raw footage into labeled clips, raising significant privacy concerns.

TREE NEWS reports: KAITO will unlock 32.59 million tokens worth approximately $12.71 million, representing 7.6% of its circulating supply. LayerZero will also unlock 25.72 million tokens valued at around $20.19 million. These unlocks may increase selling pressure on the respective tokens.

TREE NEWS reports: CoinTelegraph’s daily roundup covers the latest trends and events affecting Bitcoin, blockchain, DeFi, Web3, and crypto regulation. It provides a concise overview of key developments for investors and enthusiasts.

TREE NEWS update: Markus Thielen argues that Bitcoin reaching $1 million by 2030 is ‘mathematically impossible’ due to the massive capital inflows required. He suggests that such a price target may never be achieved, dampening bullish forecasts.

TREE NEWS update: Situational Awareness LP, led by ‘AI stock guru’ Leopold Aschenbrenner, disclosed a 13F showing $20.2B in concentrated AI infrastructure bets, with over half in memory chips (SanDisk, Micron). The fund had liquidated all downside hedges in Q2, pivoting to unhedged longs, which led to massive losses and a forced selloff to Citadel after AI stocks crashed in July.