Flash News

TREE NEWS reports: Crypto futures liquidations across major exchanges totaled $315 million over the past 24 hours, with long positions accounting for $248 million and short positions $66.31 million, CoinGlass data show. Bitcoin liquidations reached $52.40 million and Ether $61.21 million. The largest single liquidation was a $3.77 million order on HYPERLIQUID-XYZ:SOXL-USD.

TREE NEWS update: ether.fi has acquired Zeal Wallet, the companies announced on October 23, with the purchase price undisclosed. Zeal users can now migrate directly within the Zeal app. After migration, users gain access to borrowing against their portfolio, earning yield, and trading stocks and gold.

TREE NEWS update: Shenwan Hongyuan Hong Kong said the group recently received a suspected extortion message and has reported the matter to the Hong Kong Police Force. The company said its core businesses and management systems are operating normally and that no client assets or funds have been lost.

TREE NEWS reports: Bankless co-founder David Hoffman said a batch of tokens he called “2017-era bitcoin clones” are heating up again. PRL rose 30% this week to a fully diluted valuation of about $4.2 billion, while QTC gained 300% this month, valuing it at roughly $1.8 billion on a total supply of 21 million tokens, Hoffman said. He noted that such tokens, with a fixed 21 million supply cap, are drawing multi-billion-dollar valuations.

TREE NEWS update: China has set a 2030 target for its national blockchain network, prioritizing trade and finance applications in the Yangtze River Delta and industrial uses in the Chengdu-Chongqing region. The plan also maintains existing restrictions on cryptocurrency business. No further details on funding or governance were disclosed.

TREE NEWS reports: Genshin Impact’s in-game creative platform, Qianxing Qiyu, has drawn nearly 100,000 global creators who have produced more than 128,000 levels. Players have logged 120 million cumulative hours on the platform and completed levels over 900 million times. Creators build and share levels using the Qianxing Shaxiang editor, which provides access to in-game assets.

TREE NEWS update: Succinct has patched a vulnerability in its SP1 zero-knowledge proof system that could allow invalid proofs to pass verification in native Rust versions 6.0.0 through 6.8.0. Onchain Groth16 and Plonk verification via Solidity verifiers was not affected, the company said. The fix addresses the flaw in the affected Rust releases.

TREE NEWS update: Andreessen Horowitz has dropped the word “Crypto” from the name of its crypto fund, a change the firm says is symbolic of the fund’s future investing focus while it will continue investing in crypto. The renaming signals a shift in emphasis for the venture firm’s digital-asset strategy.

TREE NEWS update: China’s five-year digital development plan sets a 2030 target for building out its national blockchain network, calling for wider blockchain use in trade and manufacturing alongside stronger technical standards. The plan, part of the country’s digital development roadmap, aims to expand deployment of the technology across industrial sectors while tightening technical standards.

TREE NEWS update: Interpol’s Operation Serengeti III recovered $105 million and led to 1,462 arrests across 21 countries, the international police organization said. Angolan police seized more than 2,000 crypto mining devices as part of the sweep targeting African cybercrime, including illegal crypto mining operations.

TREE NEWS update: Phantom has rolled out Kalshi prediction markets to its US users, with trades funded via CASH stablecoins. Market restrictions apply in Michigan, Nevada and Washington. The wallet provider said it is “confident and comfortable” launching the product amid state lawsuits against prediction markets.

TREE NEWS update: New York Attorney General Letitia James is seeking $1.37 billion from the founders of NovaTech following an August 2025 default judgment in the state’s Ponzi scheme case. The office also announced nearly $6 million in settlements with four promoters of the scheme.

TREE NEWS reports: Bitcoin price volatility cooled on Friday’s Asia trading session after the cryptocurrency posted a 3% loss, as stock markets battled another day of resurgent AI fears. The consolidation came as investors weighed renewed concerns over artificial intelligence valuations that have pressured equities in recent sessions.

TREE NEWS update: Ethereum has postponed the Glamsterdam testnet fork on Hoodi after security firm ChainSecurity identified gas changes that could allow contracts to lock in failures, citing 13 real-world cases. The fork was halted pending review of the vulnerability. No new date for the testnet upgrade was given.

TREE NEWS reports: Recent hardware wallet security incidents have reignited debate over whether self-custody is suitable for beginners, with attention also on the risks carried by multisignature and seedless wallet designs. The incidents have prompted questions about how newcomers should safeguard crypto assets, as alternative custody models each present their own trade-offs.

TREE NEWS reports: U.S. spot bitcoin ETFs returned to net outflows on Thursday, with $636 million withdrawn across the group and erasing the previous day’s inflows. BlackRock’s IBIT led the withdrawals at $254.1 million, while four other funds also recorded net redemptions.

TREE NEWS update: Sundiro Honda unveiled LINKA MOTOR, its new electric two-wheeler subsidiary, at the company’s 25th-anniversary brand launch event on October 23, 2026. The new brand, which debuted alongside its first model, the CE6, draws on the parent company’s two-wheeler engineering experience and targets the upgrade market for riders seeking better ride quality and daily efficiency.

TREE NEWS update: Heatbit launched a water heater element called Bitwater that swaps a tank’s resistance wire for 20 mining chips, priced at $899. The company says the element uses the same electricity to heat the water while the chips mine Bitcoin. It is designed as a drop-in replacement for a standard tank’s heating element.

TREE NEWS update: Security firm Socket identified 16 malicious Firefox add-ons impersonating Rabby and OKX Wallet, which Mozilla had unpublished by Oct. 5. The fake extensions could steal wallet recovery phrases, and Socket warned that removing them does not secure wallets whose seed phrases were already exposed. Users who installed the add-ons should treat their recovery phrases as compromised.