Flash News

TREE NEWS reports: Neutrl has paused its contract trading due to liquidity issues stemming from position problems. The platform plans to open redemptions in September to address user concerns.

TREE NEWS reports: BIS chief Pablo Hernández de Cos stated that stablecoins lack credibility for payments at scale, citing regulatory and operational risks. A new FSI study highlights significant differences in issuer rules across jurisdictions, underscoring the need for global standards.

TREE NEWS update: British police have seized approximately $1.4 million in cryptocurrency, with the funds traceable to a now-defunct darknet marketplace. The operation highlights ongoing efforts to track and confiscate illicit digital assets.

TREE NEWS reports: Changpeng Zhao (CZ), former Binance CEO, stated that Bitcoin will surpass gold’s market cap in the next bull run, with the $1M target achieved earlier than 25 years. This follows a 27% rally in two weeks and contrasts with Coinbase CEO Brian Armstrong’s revised forecast of $300k-$400k by 2030.

TREE NEWS reports: USDC’s circulating supply increased by $1 billion over the past week, indicating growing demand for the stablecoin. This net addition highlights continued adoption in the crypto ecosystem.

TREE NEWS update: Ethereum spot ETFs recorded a net inflow of $102 million yesterday, marking the 10th consecutive day of positive flows. This sustained momentum underscores growing institutional interest in ETH-based investment products.

TREE NEWS update: In the seven days through August 27, Circle issued approximately 11.2 billion USDC and redeemed 10.2 billion, increasing circulation by about 1 billion. Total USDC circulation stands at 73.7 billion, backed by reserves of about $74 billion, including $49.6 billion in overnight reverse repo, $13.2 billion in Treasury bills under 3 months, $10.5 billion in systemically important institution deposits, and $0.7 billion in other bank deposits.

TREE NEWS update: US spot Bitcoin ETFs recorded $201.8 million in net outflows on Friday, ending a nine-day inflow streak, with ARK 21Shares leading the outflows. Total fund assets fell back below $100 billion as Bitcoin’s price dipped below $78,000.

TREE NEWS update: Hong Kong’s Securities and Futures Commission has named Starcapital as an unlicensed firm, warning that some funds lost in London gold margin calls were deposited in USDT and may be hard to recover. The regulator urges investors to verify licenses and avoid unregulated platforms.

TREE NEWS reports: Jupiter Mobile informed Jupiter Card users that the Avici security incident on Solana prompted issuer Rain to temporarily pause balance withdrawals for checks, which have now concluded. Jupiter accounts, card payments, and on-chain wallets were unaffected, and users can resume withdrawals.

TREE NEWS update: Hyperbot data shows that the largest LIT short on Hyperliquid closed all its BTC and ETH long positions, then opened 10x leveraged short positions on AVAX and HYPE, and a 20x leveraged short on SOL. Its existing 3x short on 2.528 million LIT is now at a floating loss of $5.25 million, with overall position ROI around -115%.

TREE NEWS reports: Elon Musk responded to reports that OpenAI will end its partnership with Cursor, saying he doesn’t care and reiterating that Sam Altman and others are untrustworthy. The comments add to ongoing tensions between Musk and OpenAI.

TREE NEWS update: Fifteen associated wallets of the GOLD team sold their entire 224.5 million GOLD tokens, realizing a profit of approximately $312,000. The coordinated sale suggests insider distribution, raising concerns about token dumping.

TREE NEWS reports: Avici has announced it will fully refund approximately $500,000 in losses to 1,685 affected users. The move aims to restore trust and compensate victims of the incident.

TREE NEWS reports: Musk responded to OpenAI’s plan to terminate its partnership with Cursor after SpaceX’s acquisition, saying he ‘doesn’t care at all.’ He further attacked OpenAI CEO Sam Altman and co-founder Greg Brockman, calling them ‘completely untrustworthy’ and accusing them of ‘stealing an open-source nonprofit.’ The long-standing conflict between Musk and OpenAI has escalated publicly again.

TREE NEWS reports: This week’s insights cover macro trends like Treasury issuance and gold’s rally, Arthur Hayes’ bullish ETH outlook, and the surge in altcoins. Key developments include Grayscale’s push to convert ZEC and TAO trusts to ETFs, Hyperliquid’s new buyback mechanism, and Ethena’s token buyback and unlock cancellation. The piece also touches on AI demand from Nvidia, Galaxy’s crypto-backed credit lines, and BitMine’s growing ETH holdings.

TREE NEWS update: New York state officials warn that AI-generated deepfakes and fraudulent crypto projects are making investment scams increasingly convincing. The combination of advanced technology and fake digital assets poses a growing threat to investors, urging heightened vigilance.

TREE NEWS reports: Six Bitcoin wallets that had been dormant for over a decade moved a combined $40 million, with most funds not sent to exchanges. The activity suggests long-term holders may be repositioning or selling, though the lack of exchange deposits could indicate OTC deals or custody changes.

TREE NEWS update: The current Crypto Fear & Greed Index stands at 67, indicating a state of greed in the market. This suggests investor sentiment is positive, with increased risk appetite.

TREE NEWS reports: The GOLD project team announced that it has earned over $8.2 million in profit today. The announcement was made via ChainCatcher, indicating a significant financial gain for the project.