Flash News

TREE NEWS reports: Three wallets believed to belong to the same whale withdrew a combined 211,430 HYPE, worth about $19.4 million, from Hyperliquid within minutes, on-chain data shows. The withdrawals comprised 81,340, 78,090 and 52,000 HYPE. The wallets are now moving HYPE between Hyperliquid and linked addresses.

TREE NEWS reports: Hyperliquid bought back and burned 10,400 HYPE tokens in the past 24 hours at a volume-weighted average price of $91.97, worth about $956,800. Cumulative burns now stand at 48.96 million HYPE, roughly $4.48 billion, or 4.9% of maximum supply. Protocol revenue over the past 30 days was $58.27 million.

TREE NEWS update: Morpho said an AI marketing tool was responsible for a now-deleted post from its official X account claiming most curator businesses are not self-sustaining from vault fees and rely on private distribution agreements. The post was removed the same day. Aave founder Stani Kulechov called it the most bearish take for MORPHO holders.

TREE NEWS reports: Crypto futures liquidations across all exchanges totaled $93.15 million over the past 24 hours, CoinGlass data shows, with $43.29 million from long positions and $49.86 million from shorts. Bitcoin liquidations reached $8.56 million and Ethereum $9.41 million. The largest single liquidation was an $802,900 BTCUSDT order on Binance.

TREE NEWS update: Bitget’s CEO said the exchange has publicly disclosed and is tracking addresses tied to its attacker, and has formally asked THORChain to deny service to those addresses. Decentralization is a design principle and should not serve as a shield for handling known stolen funds, the CEO said, adding that the whole industry is watching.

TREE NEWS reports: Circle’s Arc public blockchain reached $494 million in DeFi total value locked 10 days after its mainnet launch, up 44.52% over the past week — the fastest growth among leading blockchains. The network recorded $55 million in DEX trading volume over the past 24 hours.

TREE NEWS update: Bitget CEO Gracy Chen said the exchange has launched a recovery bounty program paying 5% for helping freeze attackers’ funds and another 5% for successful recovery. She called on exchanges, security researchers and on-chain investigators to join the tracing effort, thanking Circle and Tether for freezing 218,023 USDT and 99,990 USDC linked to the attack, worth about $318,000. Bitget says the breach caused roughly $351.6 million in losses.

TREE NEWS update: Solana’s Alpenglow consensus upgrade went live on Testnet on September 24 and on Devnet on September 25, and is now running on both public test networks so app teams can check compatibility before mainnet. Alpenglow aims to cut finality from roughly 12.8 seconds to about 150 milliseconds by having validators exchange votes directly rather than writing them into blocks as transactions. The 150ms figure is a simulation target, not yet verified on mainnet, and the Solana Foundation said vote-based transaction counts may fall after the upgrade without necessarily reducing user payments or volume.

TREE NEWS reports: A trader at address 0xc8F7 opened a 15x leveraged long position of 2.15 million ENA tokens on Aster DEX, with a notional entry value of about $592,000. The position is currently showing an unrealized profit of roughly $310,700, a return of about 786.54%.

TREE NEWS reports: An address linked to the suspected Bitget hack withdrew about $1.23 million from Binance and routed it back to a Bitget hacker-associated wallet, on-chain tracker Lookonchain said. Wallet “0x4885” first pulled 257.6 ETH (~$692,000) and 545,000 USDT from Binance, swapped all the USDT for 200.2 ETH, then moved its accumulated 457.9 ETH (~$1.23 million) to the Bitget hacker-linked wallet.

TREE NEWS reports: USDC Treasury minted 250 million USDC on Solana at 05:42 Beijing time and another 250 million at 11:04, for a total of 500 million USDC issued on the network on September 26. The two mints bring the day’s new USDC issuance on Solana to half a billion tokens.

TREE NEWS update: AlphaFi is winding down operations following an oracle error, with the Sui Foundation providing support. New deposits and loans have been disabled, and Slush users are being told to exit four strategies through immediate withdrawals. The shutdown follows the oracle malfunction that affected the protocol.

TREE NEWS update: Privacy blockchain Zano said an inflation bug tied to its Gateway Addresses has forced it to roll back roughly 24 hours of chain history, and it told users to immediately halt all economic activity involving ZANO and Confidential Assets. Zano pledged to compensate losses caused by the rollback, but has not disclosed the target block height, a patched release, the claims process, the mechanics of the bug or how many assets were created without authorization. Gateway Addresses launched on August 26 with Hard Fork 6.

TREE NEWS update: The European Banking Authority is proposing that the EU examine rules for DeFi gateways, floating options that include leverage caps and certification requirements for lending protocols. The regulator’s proposal targets stablecoin lending by EU crypto firms, with the gateways serving as the access point between traditional finance and decentralized platforms.

TREE NEWS update: Payy said a compromised key was not the cause of a $1.92 million drain of users’ deposits, after on-chain records showed funds leaving its bridge in two batches. The first transfer moved about $95,000, and a second roughly five hours later took almost all of the remainder, with both batches sent to the same address.

TREE NEWS update: The European Banking Authority called for new requirements on crypto firms that connect users to DeFi lending, and raised the option of barring those firms from facilitating lending with stablecoins that lack EU authorization. The regulator also floated leverage caps and a certification regime for DeFi.

TREE NEWS update: Coinbase has launched fixed-rate, fixed-term USDC loans collateralized by bitcoin through Morpho Midnight, letting borrowers obtain USDC without selling their bitcoin. Rates and repayment dates are set at loan origination, and the pledged bitcoin may be liquidated if USDC and interest are not repaid by maturity. Coinbase’s existing Morpho-backed floating-rate bitcoin loans exceed $1.4 billion outstanding, against roughly $3 billion in collateral value.

TREE NEWS update: Cosmos Hub voters are rejecting a proposal titled “ATOM Refund & Justice Bounty” that would have paid 1.72 million ATOM from the Hub’s community pool, including 1.2 million ATOM to the Neutron attacker and 500,000 ATOM to voters who backed the measure. The vote is trending toward a veto.

TREE NEWS update: SlushWallet, a wallet built for Sui by Mysten Labs, now supports gas-free stablecoin transfers that settle within one second, Sui said on X. The wallet also supports strategies and lets users replace wallet addresses with SuiNS names. Sui did not give a launch date or say which stablecoins are supported.