Flash News

TREE NEWS update: Ethena said it will halt all USDe-linked token incentives and inflation at the end of this month, after those rewards had already fallen about 85% since the first airdrop in 2024 and totaled over $750 million. The protocol also moved all remaining investor unlocks forward to Oct. 5, 2026, ending monthly vesting roughly 17 months early. ENA rose from $0.014 on Sept. 16 to near $0.28, a gain of nearly 100% in 10 days.

TREE NEWS update: The Zano blockchain has been restarted at the block height immediately before Hard Fork 6, the upgrade that introduced Gateway Addresses, rolling the chain back roughly a month after an exploit tied to the feature. The restart discards all blocks produced since Gateway Addresses went live, returning the network to its pre-upgrade state.

TREE NEWS update: THORChain has refused to blacklist addresses linked to the Bitget hack, drawing criticism as the exchange’s stolen funds move across the network. Separately, Ethereum co-founder Vitalik Buterin said Ethereum is evolving from a mere blockchain into a world cryptographic computer.

TREE NEWS reports: An onchain analyst has linked $18.4 million in memecoin extractions on Robinhood Chain to a single rug-pull operation. The creators of 10 Pons V2 launches exempted a set of wallets from Pons’ anti-sniping tax, and those wallets then bought most of each token’s supply.

TREE NEWS update: Privacy blockchain Zano rolled its chain back to block height 3,833,000, undoing roughly a month of transactions, to address an inflation bug tied to Gateway Addresses that allowed unauthorized minting of its native ZANO token and the dollar-pegged stablecoin fUSD. Nodes, miners, stakers and service providers must adopt the update. Freedom Dollar said millions of dollars in project assets had been swapped into counterfeit fUSD and that it will bear the losses, asking fUSD holders to halt activity until the patched chain stabilizes.

TREE NEWS reports: Crypto futures liquidations across exchanges totaled $173 million in the past 24 hours, CoinGlass data shows, with $87.98 million from long positions and $84.53 million from shorts. Bitcoin liquidations accounted for $18.64 million and Ethereum $19.71 million. The largest single liquidation, worth $3.35 million, occurred on the HYPERLIQUID-XRP-USD pair.

TREE NEWS reports: THORChain has pushed back on Bitget’s demand that it block addresses tied to a hacker, and an address flagged by the exchange completed an XRP-to-bitcoin swap after that request. OKX’s Star Xu challenged THORChain’s comparison of its position with Bitcoin’s. The dispute centers on whether the cross-chain protocol should censor specific wallets at an exchange’s request.

TREE NEWS reports: A single group on Robinhood Chain has been linked to at least 53 token launch projects over the past two months, cashing out roughly $18.43 million through rug pulls, on-chain analyst Wazz found. The actual scale may be larger, and the DEED token cash-out that triggered the investigation does not rank among the group’s top ten.

TREE NEWS reports: On-chain analyst Wazz identified a persistent rug-pull operation on Robinhood Chain that launched at least 53 tokens over the past two months, cashing out roughly $18.43 million in total. The actual figure may be larger, and the DEED token that prompted the investigation did not even rank among the group’s top ten cash-outs.

TREE NEWS reports: Address 0x9c6a opened a 20x leveraged long on 550,087 SOL roughly a month ago, a position with a notional value of about $67.88 million and unrealized gains now above $23 million. The trader has placed a take-profit sell order near $200. If SOL reaches $200, the leveraged trade’s cumulative profit could exceed $65 million.

TREE NEWS update: DYORSWAP said it has finished reviewing addresses affected by a scam tied to a fake GIWA mainnet and will reimburse those who bridged in less than 5 ETH at a 40% rate. Addresses that bridged more than 5 ETH, some of which appear to involve phishing or fraudulent bridge activity, will be reviewed separately. Payouts go to 0xdf25f88aa6cde9937fdcfcf10fa349528c79dbf9, and DYORSWAP stressed it will never ask users to transfer funds or pay fees.

TREE NEWS update: Hyperliquid founder Jeff Yan said in Discord that the next network upgrade will lower the funding rate cap from 4% to 0.5% per hour, following user feedback. Yan noted the cap is rarely reached in practice. The change applies to the perpetuals trading venue’s funding mechanism.

TREE NEWS reports: Trader mk4 holds the largest NEAR position on Hyperliquid, a 10x long of 5.838 million NEAR tokens worth $31.28 million, opened at an average price of $2.35 with the token now at $5.36 — an unrealized gain of $17.55 million. The position accounts for 7.68% of open interest in NEAR and is his only long. NEAR is up 187% this month; mk4 opened in early September.

TREE NEWS update: Polygon co-founder Sandeep Nailwal said the POL community has burned 100 million POL, about 1% of total supply, accumulated from on-chain revenue, with roughly 25 million more POL still being accumulated for burning. He also said Polymarket has launched perpetual contracts on Polygon, and that upcoming upgrades could bring 1-millisecond block confirmation via block streaming. OMS is set to add about 1 million daily transactions of capacity to Polygon.

TREE NEWS update: DyorSwap said the network it had previously identified as the “GIWA mainnet” was in fact a fake chain set up by scammers, who used the correct GIWA chain ID 9134 to appear legitimate during initial verification. The fraudulent bridge caused significant losses. DyorSwap is hiring a security team for on-chain tracing, preserving evidence including chats, RPC details, bridge addresses and transactions, and preparing to compensate affected users from its treasury; eligibility and loss-verification rules will follow the investigation. Users were told not to use any unofficial GIWA mainnet RPC, bridge or contract.

TREE NEWS reports: THORChain generated about $382,000 in revenue on September 25, its highest daily figure since April 25. Trading volume on the network reached $211 million the same day, the second-highest level since April 23 and behind only the roughly $280 million recorded on September 10.

TREE NEWS update: THORChain responded to criticism from on-chain tracking platform MistTrack that it has repeatedly been used to move funds stolen from exchanges including Bybit and Bitget, saying it is a decentralized, permissionless protocol like Bitcoin, Ethereum and BNB Chain. The project asked what responsibility those chains should bear when they process known stolen funds. Bitget’s CEO had earlier called on THORChain to refuse service to attacker addresses.

TREE NEWS update: Sui said on X that CME Group’s micro futures now cover SUI and DeFi assets in the Sui ecosystem. The network compared the tool to the futures used by corn farmers and airlines that lock in fuel prices three years ahead, arguing that businesses cannot operate on price guesses. No launch date or contract details were given.