Flash News

TREE NEWS update: Nasdaq-listed HYPE treasury company Hyperliquid Strategies (PURR) said its board approved raising its share repurchase program from $30 million to $100 million, with about $72 million remaining available under the plan. The termination date was extended from Dec. 5, 2026 to Oct. 31, 2027, and buybacks will be executed at management’s discretion and may be extended, paused or terminated at any time. The company’s HYPE holdings have grown to about 38.83 million tokens.

TREE NEWS update: Opay Ltd., the SoftBank-backed Nigerian payments platform, is seeking to raise up to $336 million in a US initial public offering. The company plans to offer 16 million American depositary shares at an indicative price range of $19 to $21 per ADS.

TREE NEWS update: Days before Israel’s election, Prime Minister Benjamin Netanyahu said he has asked for a blockchain-based plan in case Israeli banks are hit with sanctions, and told Israelis to prepare for a rainy day in the wake of Donald Trump. The remarks frame crypto infrastructure as a contingency against financial isolation.

TREE NEWS update: An Argentine judge dismissed the criminal case tied to the LIBRA token against President Javier Milei and 10 other defendants, including his sister Karina Milei and Hayden Davis. A separate investor class action filed in New York was dismissed in September. The ruling closes, for now, the criminal track of litigation over the token’s promotion.

TREE NEWS update: The US Internal Revenue Service is planning an overhaul of its voluntary tax disclosure program that would lower penalties, including for crypto, and offer faster resolutions and more flexible payment options for taxpayers who come forward on past violations. The agency is targeting quicker case closures and easier payment terms under the planned changes.

TREE NEWS update: An Argentine federal judge, Marcelo Martínez de Giorgi, ordered the dismissal of a criminal investigation into President Javier Milei and his sister Karina Milei over their roles in the LIBRA memecoin episode, court records showed. Prosecutor Eduardo Taiano had requested the case be dropped. The probe, opened in February 2025, examined possible fraud in the token’s issuance after Milei promoted it on X, the price collapsed and he deleted the post.

TREE NEWS update: Sen. Richard Blumenthal has demanded Tether’s records on payments to Nxum, a firm co-owned by former White House crypto adviser Bo Hines. The probe seeks documentation of the stablecoin issuer’s financial ties to the firm. Tether has not publicly responded to the request.

TREE NEWS reports: US stocks closed mixed on October 24, with the Dow Jones down 1.31%, the Nasdaq up 0.13% and the S&P 500 down 0.53%. Among notable names, SKHY rose 3.50%, while Block (XYZ) fell 3.28%, MARA dropped 3.23%, Coinbase (COIN) slipped 2.54%, SPCX gained 2.48% and Riot Platforms (RIOT) declined 2.48%.

TREE NEWS reports: SpaceX’s latest 10-Q filing confirms that any combination with Tesla requires approval from its “controlling shareholder,” Elon Musk. The disclosure gives Musk final say over a potential Tesla merger even as he says he is staying out of the process.

TREE NEWS reports: IRYS has rallied 1,200% past its May listing peak, with the latest price implying a circulating valuation of about $561 million. Only 20% of the token’s total supply is currently in circulation.

TREE NEWS reports: Spot ether ETFs are on track for their worst month of 2026, with $1.2 billion in outflows in October, as Bitmine Immersion Technologies also pulls back from building its ether treasury. The two sources of demand had driven much of ETH’s demand this year and are now retreating simultaneously.

TREE NEWS update: A new Arbitrum proposal would reopen Stylus contract activations under Foundation sign-off, while keeping existing active contracts and renewals permissionless. The DAO would also gain the power to revoke the Foundation’s signing authority. The plan is aimed at restoring a gated activation process for new deployments.

TREE NEWS update: Initia suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum, with losses reportedly exceeding $2.6 million. The halt follows the detection of the exploit, which involved unauthorized token creation and the movement of funds to Ethereum.

TREE NEWS update: Israeli Prime Minister Benjamin Netanyahu said he requested a blockchain plan as one of several alternatives to counter potential banking sanctions, as Britain threatens action against businesses supporting settlement construction. The premier described blockchain as an option under consideration among other measures. No further details on the plan or its implementation were provided.

TREE NEWS update: Israeli Prime Minister Benjamin Netanyahu said blockchain could help Israel prepare for possible sanctions targeting its banking system. He is seeking a blockchain-based plan to brace for such measures. No further details on the plan’s scope or timing were provided.

TREE NEWS update: Tether blacklisted USDT wallets linked to outflows from CoinDCX, with AMLBot estimating the frozen sum at about $2.2 million. The move follows CoinDCX’s acknowledgment of losses tied to a failed process for securing deposits to retired addresses.

TREE NEWS reports: Mastercard’s machine-payment pilot distinguishes signed spending authority from final settlement, with AP2 recording spending authority and x402 carrying payment requests. The setup shows why a signed voucher and final settlement are separate steps in AI-agent payments.

TREE NEWS update: Sen. Richard Blumenthal is seeking answers from Tether after reports that the stablecoin issuer paid millions to a firm founded by a former White House crypto adviser. The senator said he wants Tether to explain the payments, though the material did not specify the amount or the name of the firm. Tether has not publicly responded to the request.

TREE NEWS update: The Democratic ranking member of the Senate Permanent Subcommittee on Investigations has asked Tether CEO Paolo Ardoino for records related to a reported deal between Tether and Nxum. The request follows reports of the transaction involving the former Trump crypto adviser’s firm. The senator is seeking documentation on the deal.

TREE NEWS update: Agora said an exploit on the Initia network struck a third-party product that uses its AUSD stablecoin, not Agora’s own contracts. Ethereum records show 1.4 million AUSD left a bridge adapter, while Agora stated it has no smart contracts deployed on Initia.