Flash News

TREE NEWS update: Argentine federal judge Marcelo Martinez de Giorgi dismissed the criminal investigation into President Javier Milei and his sister Karina Milei over the LIBRA cryptocurrency scandal, court records show, ruling that the reported events did not constitute a statutory crime and that no criminally significant deception was proven. Milei promoted LIBRA on X in February 2025, saying it would fund small businesses and startups; the token surged, then crashed after he deleted the post hours later, with most investors losing most of their money.

TREE NEWS update: Bitdeer said it mined 283.4 bitcoin in the week to Oct. 23 and sold the entire output, leaving its bitcoin holdings at zero, excluding customer deposits. The miner reported net accumulation of zero coins for the period.

TREE NEWS reports: An address starting 0x11A…5c992 transferred 1,000 ETH, worth about $2.4 million, to Kraken seven hours ago. The address had bought 200,000 ETH between 2016 and 2022 at an average price of $80.97, and over the past three years sold ETH at prices of $3,800 and $1,537.

TREE NEWS reports: An address linked to the GPS project received 1.5 million TREAD tokens, worth $1.16 million, nine hours ago, on-chain monitoring by Ai Yiyi shows. GoPlus is a Web3 security infrastructure provider, while Treadfi is trading execution infrastructure. The purpose of the transaction is not yet known.

TREE NEWS update: The Office of the Comptroller of the Currency published final rules implementing the GENIUS Act, setting issuance, reserve, redemption, custody and risk-management requirements for payment stablecoins under its jurisdiction, effective January 18, 2027. Issuers must detail who holds reserves, how users redeem for dollars and how mass redemptions are handled. The final version relaxes a draft provision on third-party reward arrangements, preserving some scope for exchanges to offer stablecoin rewards.

TREE NEWS update: Judge Marcelo Martínez de Giorgi dismissed the LIBRA memecoin case against Argentine President Javier Milei and all 11 people under investigation, including Kelsier’s Hayden Davis, siding with prosecutor Eduardo Taiano’s finding that the facts fit no crime. The ruling is not yet final.

TREE NEWS update: Initia has not set a restart date after an attacker minted tokens and bridged out $2.7 million, co-founder Zon said in a preliminary assessment pointing to a MoveVM flaw. D2 Finance traced the payouts to LayerZero adapters on Ethereum.

TREE NEWS update: Kraken has scrapped questionnaires asking clients what they plan to do with withdrawn Monero, though source-of-funds checks remain in place. Co-CEO Arjun Sethi said asking customers what they will do with withdrawn coins is unacceptable. XMR stays listed on the exchange.

TREE NEWS update: Phantom has started a staged US launch of prediction markets inside its wallet, with trades routed through Kalshi accounts that users open or link within the app. Each contract carries two cents in trading fees. The rollout marks the wallet provider’s entry into event-based trading for US users.

TREE NEWS update: Swell has frozen withdrawals of its swETH and rswETH liquid staking tokens until it corrects the exchange rates reported by their contracts. Holders cannot redeem through the protocol for now, and on decentralized exchanges the tokens trade well below the inflated rates their contracts show. The move follows a discrepancy between contract-reported rates and market pricing.

TREE NEWS update: Ethereum Foundation’s Austin Griffith placed about $1 behind an easy-to-guess private key, and bots attempted to take it within seconds. The demonstration highlights how quickly automated bots can drain Ethereum wallets secured with weak keys.

TREE NEWS update: Ali Yahya, a general partner at Andreessen Horowitz, confirmed Thursday evening that he is leaving the firm to start a company. The departure came hours after Chris Dixon said the firm’s newest crypto fund, now called ‘a16z Frontier,’ can back AI and other frontier startups. The rebrand and expanded mandate mark a shift for a16z’s crypto investing arm.

TREE NEWS update: New York’s attorney general has asked a court to enter a $1.37 billion judgment against Cynthia and Eddy Petion, the founders of the crypto scheme NovaTech. Four promoters have agreed to pay about $6 million to victims. Neither the filing nor the release says how money would be recovered from the Petions.

TREE NEWS reports: Delphi Digital head of markets Jason Pagoulatos said Papertrade’s decision to rewrite its rules after roughly $140 million came in is “kind of bait and switching” its PAPER holders. Pagoulatos said the project had the attack risk right but that changing the terms once that sum had been raised is “a bad look.”

TREE NEWS reports: Bitcoin dropped below $81,000 on October 24, trading at $80,999.90, down 0.83% for the day. The move marks a fresh intraday low for the largest cryptocurrency.

TREE NEWS update: CoinDCX said a routine sweep of deposits landing on addresses it deprecated after its July 2025 hack broke down, and that it absorbed the resulting losses and credited affected users. The Indian exchange did not disclose the size of the losses or the number of users affected.

TREE NEWS reports: Polymarket has pushed out its marketing chief, a longtime friend of CEO Shayne Coplan, after the prediction market’s board concluded he had become an obstacle, the New York Post reported, citing unnamed sources. Coplan initially pushed back against the decision, the report said. No further details on the departure or its timing were provided.

TREE NEWS update: Decentralized perpetuals exchange Lighter now accepts ether.fi’s liquid staking token weETH as collateral for perpetual futures trading. weETH carries a 70% loan-to-value ratio against index price and an 85% liquidation threshold, with a per-user supply cap of 800 tokens and a platform-wide cap of 1,000. Lighter previously supported ETH and XAUT as multi-asset margin.

TREE NEWS update: USDC Treasury minted 250 million USDC on the Solana network at 05:21 Beijing time on October 24, worth approximately $250 million. Solscan data shows the MintTo transaction was successfully confirmed.