Flash News

TREE NEWS update: Senate investigations subcommittee ranking member Richard Blumenthal has given Tether and Nxum until early November to hand over contracts, payment records and messages tied to Nxum, the consulting firm co-founded by Tether’s U.S. chief, Bo Hines. The demand covers every payment between the stablecoin issuer and the firm.

TREE NEWS reports: Zcash (ZEC) has gained about 3000% year to date, drawing increased involvement from Gemini co-founders Cameron and Tyler Winklevoss and Digital Currency Group founder Barry Silbert, who are competing over Zcash mining infrastructure and investment products. DCG’s Grayscale launched the first US Zcash ETF in August, while the Winklevoss twins filed for their own Zcash ETF this month.

TREE NEWS update: New York Attorney General Letitia James announced that four promoters of the NovaTech and AWS Mining crypto pyramid scheme will pay a combined nearly $6 million in disgorgement to compensate victims and are permanently barred from the securities, commodities and cryptocurrency industries. The scheme targeted Haitian and other immigrant communities through prayer groups, social media and WhatsApp, defrauding hundreds of thousands of investors worldwide, including over 11,000 New Yorkers.

TREE NEWS reports: Credit stress in AI infrastructure is spreading, with CoreWeave bond yields rising to 15% and stoking concerns over financing costs and profitability across the neocloud sector, QCP Capital said on Oct. 23. Tesla’s cut to future capital spending added to worries about AI returns, pushing investors toward Treasuries. QCP said bitcoin is still tracking equities lower and has yet to show independent price discovery.

TREE NEWS update: A former Circle engineer has filed a derivative lawsuit accusing President Trump of accepting foreign emoluments through World Liberty Financial, the crypto venture tied to his family. Circle says it did not authorize the suit filed on its behalf. The complaint centers on payments from Emirati interests to the Trump-linked platform.

TREE NEWS reports: An attacker who exploited Cysic’s bridge to mint 10 million tokens on BNB Smart Chain has moved $744,000 in ETH and BNB into Tornado Cash. Cysic is offering a 10% bounty in connection with the incident. The exploit involved unauthorized minting of tokens through the bridge on BNB Smart Chain.

TREE NEWS update: New York is seeking more than $1.3 billion from the founders of NovaTech, whose platform took in $1.16 billion but traded only a fraction of it. The action follows the couple’s flight from the United States.

TREE NEWS reports: Base active addresses climbed another 50% while transactions fell 8.7% and dollar-denominated user fees dropped 20% on Oct. 22, as a GMGN trading competition continued on the network. The divergence points to more wallets interacting with the chain even as overall activity and fee revenue cooled.

TREE NEWS update: China’s Central Cyberspace Affairs Commission issued the National Informatization 14th Five-Year Plan, calling for a national blockchain network project to strengthen the value internet and an integrated national computing power network coordinating computing, power and network resources. The plan also covers optimizing general, intelligent and supercomputing capacity, exploring space-based computing, and building data circulation infrastructure.

TREE NEWS update: China’s Central Cyberspace Affairs Commission issued the national informatization plan for the 15th Five-Year Plan period, calling for the full build-out of next-generation communications networks by 2030 and the timely launch of sixth-generation mobile communications (6G) commercial services. The plan also sets a goal of basically completing the national blockchain network and accelerating the layout of the intelligent internet.

TREE NEWS reports: Bitcoin fell 45.5% in the month after the 2018 US midterms but rose 31.6% in the 30 days following the 2010 vote. One year after each election, BTC posted gains ranging from 23.0% in 2014 to 1,580.0% in 2010. The data suggest no consistent “sell the midterms” pattern, with short-term volatility and longer-term positive returns.

TREE NEWS reports: The ether.fi team transferred another 3.5 million ETHFI, worth about $2.28 million, to address 0xB20 on October 23, a wallet that received 1.255 million ETHFI roughly 12 months ago and appears to be a vesting smart contract. The move means nearly 5 million ETHFI is now freely disposable and remains unstaked.

TREE NEWS reports: South Korea is amending its foreign exchange law to regulate stablecoins as payment instruments, alongside drafting the Digital Asset Basic Act, a comprehensive crypto framework. The move would bring stablecoins under the country’s forex rules while establishing broader digital asset legislation.

TREE NEWS update: Bybit has obtained the first full Virtual Assets Regulatory Authority (VARA) license for spot trading services in Dubai. The exchange must still complete additional regulatory requirements before launching the service. The approval makes Bybit the first crypto exchange to hold a full Dubai license covering spot trading.

TREE NEWS update: Binance Alpha is removing PTB, AA, OWL, DORA, ELIZAOS, MEMES and Kukumah from its listings. The delisting affects seven tokens on the exchange’s early-stage asset platform. No reason for the removals was given.

TREE NEWS update: The Blockchain Association sent a letter to the four party leaders in Congress urging them to pass crypto tax rules, laying out 10 principles. The trade group asked for a de minimis exemption, wash sale rules for crypto and no tax on transfers between a holder’s own wallets.

TREE NEWS reports: Ether slipped below $2,400 on OKX on October 23, trading at $2,399.90 per token. The move left ETH up just 0.05% for the day. The sub-$2,400 print marks a fresh intraday low for the session.

TREE NEWS reports: The total cryptocurrency market capitalization rose 39.6% quarter-on-quarter in Q3 2026, adding $840.1 billion to about $3 trillion, ending three straight quarters of declines and marking the largest quarterly gain since Q4 2024. Year-to-date, total market cap is still down 4%. Ethereum gained 71% to $2,684, outperforming bitcoin and other major assets, while spot ETH ETFs drew $3.1 billion in net quarterly inflows.