Flash News

TREE NEWS update: Kalshi rejected wash-trading allegations after an analyst said a single order size accounted for as much as 58% of ether perpetual volume on the platform. The prediction-market exchange said the critic had confused prediction-market data with perpetual futures data. The dispute centers on repeated $5,500 ether perpetual trades flagged by the analyst.

TREE NEWS reports: Hyperliquid repurchased and burned 39,980 HYPE tokens over the past 24 hours at a volume-weighted average price of $94.18, worth $3.76 million. Cumulative burns now total 48.84 million HYPE, about $4.64 billion at current prices, or 4.88% of maximum supply. Cumulative revenue has reached $1.27 billion.

TREE NEWS update: Binance will update collateral ratios for cross-margin borrowing and transfers, unified account collateral, and Unified Account Pro tiers on September 25, 2026 at 06:00 UTC, the exchange said in an official announcement. The adjustment covers ENA, BCH, GAS, NEWT, ORCA, SFP, UMA, 1MBABYDOGE and KAVA, among other assets.

TREE NEWS reports: DeFi researcher Chado estimates Aave DAO would need roughly 473 days of retained income to repay a 30,000 ETH Mantle credit line tied to April’s rsETH incident. Aave DAO’s retained revenue averaged about $167,000 a day over the 144 days since April 29, down 41% from the prior 144-day period. The DAO contributed 25,000 ETH of its own treasury to the recovery.

TREE NEWS reports: Ethereum holders weighing how to use idle ETH face a choice between native staking and DeFi lending, which serve different needs. Native staking earns protocol rewards by capitalizing on long holding periods, while post-Pectra 0x02 compounding validators raised the maximum effective balance per validator from 32 ETH to 2,048 ETH. Lending, such as on Aave, releases liquidity against ETH collateral but adds debt, interest-rate and liquidation risk.

TREE NEWS reports: Ethena’s synthetic dollar USDe briefly lost its peg on Binance on September 22, with the USDe/USDT pair falling as low as $0.9202. The token has since recovered its peg and was last quoted at $0.9997.

TREE NEWS update: Onchain prediction market Trueo has migrated to Ethereum, drawing praise from co-founder Vitalik Buterin, who called it a strong contender that is decentralized, ethical and ‘not corposlop.’ The move puts Trueo on Ethereum’s main network as a competing venue to established prediction markets.

TREE NEWS reports: A single whale converted another 200.71 BTC, worth $17.2 million, into 6,247 ETH on September 22, bringing its six-day total to 1,308 BTC ($104 million) swapped for 40,670 ETH. All of the acquired ETH has been staked.

TREE NEWS update: Balancer’s community has floated a ‘Fork and Rebirth’ proposal under which MAXYZ would lead an official fork to continue the protocol, with liquidity, team, partners, users and intellectual property migrating regardless of whether a separate shutdown proposal passes. Pools and the treasury would run until the end of Q2 2027. Around 6 million uncirculated BAL would serve as pre-fork funding, and Balancer’s treasury would receive 10% of a post-fork token’s fully diluted valuation if a TGE occurs. The proposal remains under discussion before a Snapshot vote.

TREE NEWS update: Prediction market Trueo has moved from Base to Ethereum mainnet, saying greater integration potential now outweighs the higher gas costs that led it to Base at launch. The project had originally chosen Base because Ethereum gas fees were higher at the time.

TREE NEWS update: Decentralized prediction market Trueo announced on September 22 that it will deploy to Ethereum mainnet, having launched natively on Base in March 2025. Hours later, Ethereum co-founder Vitalik Buterin said he welcomed a strong new prediction market competitor on L1, sending the TRUE token from about $0.02 to $0.214 within five hours, a gain of more than 10x. TRUE was trading near $0.11 with an FDV of about $11 million.

TREE NEWS update: Bankr founder deployer said the project will direct 30% of Bankr token issuance revenue toward BNKR staking. The staking smart contract is expected to go live this weekend, with rewards to begin distribution shortly after. Staking is not yet live.

TREE NEWS update: ZetaChain’s Proposal 68 passed with 99.4% support and 58% participation, approving the wind-down of its Layer 1 network and the migration of ZETA to Solana. Exchanges must first confirm the swap before a second vote sets the snapshot, claims and shutdown schedule.

TREE NEWS update: Circle has opened bitcoin-backed USDC borrowing to its mint clients, routed through Morpho. The cirBTC market on Arc holds $14.3 million of USDC borrowed against 287 cirBTC, up from $1.37 million on Sept. 17. Galaxy and Keyrock supply nearly all the dollars; Circle issues the wrapper and the wallet, while loan terms sit with Morpho.

TREE NEWS reports: Most of the dollar volume in Kalshi’s ether perpetual futures comes from trades of one repeating size. Kalshi said its incentive programs are filed publicly. The concentration suggests a single participant or strategy accounts for a large share of activity in the contract.

TREE NEWS update: World Liberty Financial has opened a WLFI tokenholder vote on a 180-day governance rewards program, with payouts carrying no fixed rate and drawn from a pool funded by the treasury and World Liberty Markets fees. The proposal sets the reward structure but leaves the distribution rate undetermined. Voting is now live for WLFI holders.

TREE NEWS update: Circle has launched Bitcoin-backed borrowing for institutional clients, letting them access USDC liquidity against their BTC holdings without selling the Bitcoin. The product gives institutions a way to raise dollar-denominated stablecoin liquidity while keeping their Bitcoin exposure. Circle did not disclose terms, fees or which clients are eligible.

TREE NEWS reports: Crypto futures liquidations across major exchanges totaled $926 million over the past 24 hours, with short positions accounting for $785 million and longs $142 million, CoinGlass data show. Bitcoin liquidations reached $509 million and Ether $198 million. The single largest liquidation, worth $11.30 million, occurred on Binance’s BTCUSDT contract.

TREE NEWS update: Perpetual futures DEX Velocity has lifted its whitelist and opened its Beta version to all users. The platform supports wBTC, wETH, SOL and USDT as collateral for contract trading within a single account, with some contracts offering up to 20x leverage and trades settled on-chain in USDT.

TREE NEWS reports: Hyperliquid’s daily active users reached an all-time high of 283,230, on-chain data platform Artemis shows. The figure tops the protocol’s previous peak levels set in March and July.