Flash News

TREE NEWS reports: An address withdrew 1 million UNI tokens, worth $6.36 million, from Binance within three hours. The move came after UNI reached a new high for the year.

TREE NEWS update: Binance will temporarily suspend its US stock trading service on September 5, 2026, from 18:50 to 22:00 (UTC+8) to facilitate a system upgrade coordinated with its broker partner. During this period, users will be unable to submit stock trading orders. The exchange announced the planned maintenance in an official notice.

TREE NEWS reports: An address linked to Ethena’s project team deposited all 14 million ENA tokens into Bybit six hours ago, likely signaling a full exit after two years dormant. The tokens, worth $6.89 million at receipt (price $0.4928), are now valued at $2.41 million, a loss of $4.48 million from acquisition and over $8.735 million from peak value.

TREE NEWS update: ByteDance and ZTE’s new Doubao phone, the Nubia NaviX Ultra, will feature 10,667Mbps LPDDR5X memory from ChangXin Memory Technologies (CXMT), marking the first mass production of China-made high-speed LPDDR5X chips. The phone is set for mass production and launch in September.

TREE NEWS reports: Nitya Subramanian, CEO of Para, which builds wallet infrastructure for AI agents, said Coinbase’s x402 protocol has won grassroots developers, but rivals from Google and Stripe, offering more recourse, will split the market by transaction type. Subramanian predicts no single standard will dominate agent payments.

TREE NEWS reports: Market pricing now shows about a 50% chance of a 25 basis point Fed rate hike this month, down from 70% yesterday, after Fed officials pushed back. Bitcoin briefly broke above $82,000 this morning, with major tokens up 3-6%. Meanwhile, the House GOP canceled votes on the CLARITY Act until after the midterms, dimming its passage prospects.

TREE NEWS reports: Elon Musk’s tunneling venture The Boring Company has completed a funding round at a valuation of approximately $20 billion. The round’s size and investors were not disclosed. The company focuses on underground transportation tunnels.

TREE NEWS reports: Thai businessmen have filed a lawsuit against Tether over $42 million in frozen USDT allegedly tied to a pig butchering scam. The plaintiffs claim the stablecoin issuer’s actions have caused losses. Separately, Australian crypto firms face significant fines unless they meet their licensing deadline.

TREE NEWS update: Uniswap Labs has purchased the Pons token, which said the acquisition was made “for long-term alignment.” The purchase came four weeks after Uniswap Labs placed a rival launchpad on Robinhood Chain. Neither company disclosed the size of the purchase, the price paid, or the wallet holding the token.

TREE NEWS reports: At Devcon, ten AI coding agents attempted 12 Solidity security challenges designed for human developers. Only OpenAI’s Codex completed the course, while open-weight DeepSeek nearly finished, becoming the cheapest near-finisher. The results highlight gaps in AI’s ability to handle smart contract security tasks.

TREE NEWS reports: LIT rose 13% to $4.21 and has doubled in 30 days as traders speculate on a U.S. perpetuals launch that Lighter has not applied for. Robinhood order flow now supplies 17% of the exchange’s daily volume, up from 12% on a 30-day basis, even as sector-wide perp DEX volume fell 30% in seven days.

TREE NEWS reports: Crusoe, a cloud computing provider and data center developer, has raised more than $3 billion in a funding round at a $30 billion valuation. The round was co-led by Atreides Management and Valor Equity Partners, with participation from Mubadala Capital.

TREE NEWS update: Distressed-asset firm Echo Base has formed a claimholder committee for creditors of crypto exchange BitMart and is weighing an involuntary bankruptcy filing. Echo Base says BitMart never responded to its offer of up to $10 million to fund a court-supervised bankruptcy. The committee aims to organize creditors to pursue recovery.

TREE NEWS reports: As innovative drug BD deals stay active, pharma firms’ R&D funding grows, boosting willingness to pay for external R&D services. CRO companies report a ‘volume and price rise’ in orders, with project quotes rising. The sector may accelerate its recovery in the second half.

TREE NEWS update: The CFTC has asked a judge to dismiss CME’s challenge to its classification of perpetual futures as futures rather than swaps. At an Unchained panel, lawyers from Hyperliquid Policy Center, WilmerHale, and Temporal supported the CFTC’s stance, arguing that perps are futures. The move could shape regulatory oversight of crypto derivatives.

TREE NEWS update: A Bitcoin miner has abandoned its mining site to pursue an AI deal that could generate over $1.2 billion in projected revenue, the company said. The revenue estimate depends on two contract extensions, with an option for additional computing capacity potentially pushing the total above $3 billion. The move underscores the growing trend of miners pivoting to AI infrastructure.

TREE NEWS update: Coinbase has filed notices with the SEC in a bid to offer single-stock perpetual futures to US customers, expanding its equity-derivatives lineup beyond thematic stock indexes. The exchange still needs CFTC product approval, which it states as the next step.

TREE NEWS update: Revolut announced that the Office of the Comptroller of the Currency (OCC) has conditionally approved its proposed US national bank charter. The fintech still requires clearances from the FDIC, Federal Reserve, and final OCC approval before a planned 2027 launch, which will offer insured deposits, credit, and crypto access.

TREE NEWS reports: Trading terminal volume crossed $1 billion on Sept. 2, the first time since January 2025, with GMGN accounting for nearly half. Of GMGN’s trades, 91% settled on Robinhood Chain. DEX volume across all networks rose 26% over 30 days, while GMGN’s Solana volume stayed flat.

TREE NEWS update: The U.S. Commodity Futures Trading Commission (CFTC) has filed to dismiss a lawsuit brought by CME Group over crypto perpetual futures. The CFTC’s lawyers called the suit “much ado about nothing,” arguing that CME lacked standing to file and contesting its claims regarding the agency’s oversight of such products.