Flash News

TREE NEWS reports: UK police have seized 20.21 BTC worth $1.4 million, traced to darknet markets that operated between 2016 and 2019. The bitcoin was held by a man who died before the forfeiture, and the funds have now been confiscated by authorities.

TREE NEWS update: CryptoQuant CEO Ki Young Ju says Bitcoin’s profitability data has flashed a bear-market reversal signal last seen in early 2023, suggesting the current downtrend may be ending. The metric indicates that the bear market is likely over, with recovery patterns mirroring the 2023 rebound.

TREE NEWS reports: In the UK, 240 crypto asset taxpayers declared £717 million in capital gains, accounting for more than half of the total reported gains. This highlights the significant contribution of crypto investors to the country’s tax revenue.

TREE NEWS reports: Circle, the issuer of USDC, has become the official shirt sponsor of Chelsea FC, with the USDC logo set to feature on the team’s jerseys. This partnership highlights the growing mainstream adoption of stablecoins and crypto in sports.

TREE NEWS update: HMRC’s first-ever breakdown reveals 17,600 UK residents declared £1.38 billion in taxable crypto gains, with 240 individuals accounting for over half. Most declarants are under 55, and 87% are men.

TREE NEWS reports: A whale address spent 13.55 million USDT to purchase 5,425 ETH within 30 minutes, indicating significant large-scale buying activity in the crypto market. This move could signal bullish sentiment or strategic accumulation by a major investor.

TREE NEWS update: MANTRA disclosed a post-mortem of a recent attack, revealing that an underflow vulnerability allowed over 720 million tokens to be transferred, with approximately 37.96 million frozen. The incident underscores ongoing security challenges in DeFi protocols.

TREE NEWS update: Moonwell, a DeFi lending protocol, lost $8.7 million on Base after an attacker bypassed its supply cap by depositing once and then sending 53 million tokens directly to the market, inflating the value of their shares about 3.7-fold. The exploit highlights vulnerabilities in supply cap mechanisms.

TREE NEWS reports: Charles Schwab will offer trading in Solana, Avalanche, and Chainlink to its nearly 40 million brokerage accounts in the coming months, marking its first token additions since launching with bitcoin and ether. This expansion broadens retail access to major altcoins through a traditional brokerage platform.

TREE NEWS reports: Blockstream researchers have proposed SHRINCS, a new signature scheme designed to make Bitcoin quantum-resistant while preserving block space efficiency, maintaining roughly three transactions per second. The draft aims to safeguard Bitcoin against future quantum threats without compromising network capacity.

TREE NEWS update: Arthur Hayes has called on the community to create a Technocore DID to qualify for the FLOP token airdrop. This move aims to leverage decentralized identity in the crypto space, potentially marking a step towards broader adoption of DID-based reward systems.

TREE NEWS reports: In the last hour, Binance recorded a net outflow of 30.3875 million USDT, indicating a notable movement of stablecoins off the exchange. This could signal shifts in trader behavior or market sentiment.

TREE NEWS reports: Samsung’s Galaxy Z Fold8 is facing tight supply of Display Driver ICs (DDIs), prompting the company to consider using its development allocation intended for next year. This move highlights ongoing supply chain constraints in the smartphone industry.

TREE NEWS reports: Bitget’s institutional TradFi perpetual contracts trading volume surpassed $100 billion in August, marking a significant milestone for the exchange’s expansion into traditional finance derivatives. The surge reflects growing demand for crypto-native perpetual products among institutional traders.

TREE NEWS update: The second phase of incentives for USDD and Pendle has been launched, offering $600,000 in rewards. This initiative aims to boost participation and liquidity in the associated DeFi protocols.

TREE NEWS update: AEON has integrated with Kenya’s M-Pesa, enabling crypto asset payments through the popular mobile money platform. This move aims to bridge digital assets with traditional mobile payments in Africa.