TREE NEWS reports: GalaChain has paused its cross-chain bridge following a security incident involving approximately $2.9 million, with 82% of the affected funds linked to wallets associated with the CEO. The platform is investigating the breach and working to secure assets.
TREE NEWS update: A hacker has spent $46.49 million to purchase 21,659 ETH, currently holding an unrealized profit of $4.14 million. The transaction highlights ongoing whale activity in the crypto market.
TREE NEWS reports: South Korean crypto exchange Upbit has listed four new tokens: BICO, BMT, NIL, and GWEI, supporting trading against BTC and USDT. The listings provide increased accessibility for traders on one of Asia’s largest exchanges, reflecting ongoing expansion of token offerings.
TREE NEWS reports: Spot Bitcoin ETFs saw a record single-day trading volume of over $5.3 billion, with BlackRock’s fund accounting for more than $4.4 billion. This surge indicates growing institutional interest and liquidity in the crypto market.
TREE NEWS update: Researchers have disclosed a vulnerability in Solana’s Proof of History (PoH) clock that could be exploited, with transition risks remaining unresolved ahead of the Alpenglow upgrade. The finding highlights potential security concerns for the network.
TREE NEWS reports: The Ethereum Foundation has introduced the better.codes challenge, aiming to advance hash SNARK provable security. This initiative seeks to foster innovation in cryptographic proof systems, potentially impacting blockchain scalability and privacy.
TREE NEWS update: Research suggests Hyperliquid could enter the US compliant market through a permissioned HIP-3 DEX. This move would allow the protocol to offer decentralized trading while adhering to regulatory requirements.
TREE NEWS reports: Data shows that the US HYPE spot ETF recorded a total net inflow of $5.86 million in a single day. This indicates growing investor interest in the fund.
TREE NEWS update: Elon Musk has denied a report that SpaceX is acquiring Spectrum, calling the news inaccurate. The denial comes amid ongoing speculation about SpaceX’s strategic moves in the satellite communications sector.
TREE NEWS reports: Machi Big Brother, a prominent crypto figure, opened a BTC long position and increased it to 100 BTC. His overall long position value exceeds $78 million.
TREE NEWS update: A whale has reportedly cleared out 10,500 ETH after banking a $3.7 million profit within a month. The move highlights notable trading activity in the crypto market, though no broader market impact has been noted.
TREE NEWS reports: Arbitrum is advancing zero-knowledge (ZK) settlement, which could reduce Layer 1 withdrawal times from several days to just hours. This marks a significant improvement in cross-layer interoperability and user experience for the Arbitrum ecosystem.
TREE NEWS update: XCAD Network, a platform for creator tokenization, announced it is ceasing operations. The team will consider open-sourcing the project’s code before the shutdown is complete.
TREE NEWS reports: Grayscale Research suggests that Zcash’s privacy features could become crucial in the AI era, potentially boosting its value ninefold if its market share rises to 5%. The report highlights the growing demand for privacy in AI-driven transactions.
TREE NEWS reports: Binance co-founder Changpeng Zhao (CZ) urged the tokenization of all assets, calling it one of the best ways to attract foreign capital. He emphasized the transformative potential of real-world asset (RWA) tokenization in bridging traditional finance and blockchain.
TREE NEWS reports: A study reveals that over 150 Polymarket wallets allegedly used classified US military intelligence to trade, amassing about $8 million in profits. The findings raise concerns about market manipulation and the integrity of prediction markets.
TREE NEWS update: Glassnode reports that high-conviction buyers have been steadily accumulating Bitcoin since January this year, with their held supply share now exceeding that of the previous market cycle. This trend indicates strong long-term holder confidence despite market fluctuations.
TREE NEWS update: Over the past 24 hours, total liquidations across crypto exchanges exceeded $800 million, with Bitcoin accounting for $461 million. This indicates a sharp market correction or high volatility, impacting leveraged traders significantly.
TREE NEWS update: Kraken’s parent company, Payward, is exploring becoming a full-service bank outside the United States, according to a report. This move could expand its crypto and traditional financial services internationally. The initiative underscores the growing convergence of crypto and traditional finance.
TREE NEWS reports: Optimism Collective has decided to redirect $49.7 million worth of OP tokens from its airdrop reserve to its governance fund, following a late vote by Test in Prod that secured approval. The move aims to support the protocol’s long-term sustainability and governance initiatives.