Flash News

TREE NEWS update: SlowMist issued a risk alert on FomoPeek App versions 1.1–1.2 after multiple user asset theft reports traced to private key leaks, some involving users who had downloaded the app. A joint analysis by SlowMist and OKX’s security team confirmed malicious code was implanted, bundling two unrelated modules including a professional iOS kernel attack framework with eight exploits, auto-selected by device model and OS version, affecting iOS 12.0–18.7 and 26.0–26.1.

TREE NEWS reports: Circle issued about $9.1 billion and redeemed about $9.4 billion of USDC in the seven days to September 17, cutting circulating supply by roughly 300 million tokens. Total USDC in circulation stands at $73.8 billion, backed by about $74 billion in reserves, including roughly $40.7 billion in overnight reverse Treasury repos and about $25.7 billion in Treasuries maturing in under three months.

TREE NEWS update: Oracle provider Switchboard announced it is ceasing operations, with core developer Switchboard Technology Labs winding down remaining business. All Switchboard implementations stop being maintained immediately, and remaining support ends September 25, with protocols told to migrate to alternatives such as Pyth and RedStone. Switchboard cited AI lowering the cost of running in-house oracles, a crypto bear market cutting new chain and project budgets, and data providers like Hyperliquid and S&P working directly with protocols.

TREE NEWS reports: A trader known as solanadoomer on Hyperliquid closed out a 14,300 ZEC position on September 19, booking a profit of about $5.237 million at an average sell price of $1,559.6 per token. The exit fully unwound the position, which was closed to lock in gains.

TREE NEWS reports: A new wallet address 0xa3b…38587 opened a first position of 1 million UNI tokens worth $9.05 million five hours ago, at an entry price of $9.05. UNI has surged 145% over the past month amid Robinhood meme trading activity and the SEC’s new rules on compliant on-chain US equity trading.

TREE NEWS reports: Hyperliquid’s priority fees reached an all-time high of more than $264,900 on September 15. The figure marks the highest daily level recorded for priority fees on the decentralized perpetuals exchange.

TREE NEWS update: Binance will list a USD/BRL USDT-margined perpetual contract on September 21, offering up to 100x leverage and 24/7 trading. During regular forex hours the contract tracks a third-party data provider’s weighted index; on weekends and public holidays it uses an order-book-based index weighted moving average pricing mechanism instead of external price sources. Bybit previously launched 24/7 perpetuals for the euro, pound and yen against the dollar.

TREE NEWS update: Binance has launched around-the-clock foreign exchange perpetual futures, introducing a weekend pricing system for the products. The move makes the exchange the latest crypto platform to offer 24/7 FX exposure through perpetual futures. Binance did not disclose further terms of the offering.

TREE NEWS update: Neutrl opened NUSD redemptions at 51 cents, with Strata scheduling a 48-hour valuation update that would write its junior tranche jrNUSD to zero. Withdrawals from Strata’s senior tranche settle in sNUSD at revised share values.

TREE NEWS reports: Crypto futures liquidations across exchanges totaled $514 million over the past 24 hours, with short positions accounting for $458 million and longs $56.08 million, CoinGlass data shows. Bitcoin liquidations reached $236 million and Ether $89.03 million. The largest single liquidation order, worth $8.53 million, occurred on HYPERLIQUID-BTC-USD.

TREE NEWS update: HYPE set a record high of $90.92 after Hyperliquid launched manual borrowing, a feature that lets users take out stablecoin loans against HYPE and Bitcoin collateral. The new facility expands the protocol’s lending options beyond its existing automated market. The token’s move to a fresh all-time high came alongside the product launch.

TREE NEWS reports: Whale entity Garrett Jin (0x92ea…050e) sold 35,000 ETH at $2,500 for $87.5 million, roughly 10 minutes after withdrawing the tokens from Binance. The entity then added margin to its ZEC short, lifting the liquidation price from $2,631 to $4,738. The ZEC short is currently down $30 million.

TREE NEWS update: NEAR Protocol said perpetual futures trading on its network now has privacy protection enabled by default, letting users open positions with their existing accounts without others being able to identify who holds them. The feature is powered by Hyperliquid, NEAR announced on X.

TREE NEWS update: Binance will support the merger of Stargate Finance’s STG token into LayerZero’s ZRO at a ratio of 1 STG to 0.08634 ZRO, automatically converting user holdings. STG/USDT spot trading and open orders will be delisted on October 6, 2026 at 11:00, with STG deposits and withdrawals suspended at 11:30 the same day. STGUSDT and STGUSD perpetual contracts will auto-settle and delist on September 24, 2026 at 17:00.

TREE NEWS update: Hyperliquid has launched a manual lending feature allowing users to borrow USDC and USDT against HYPE or BTC collateral, with loan-to-value ratios of 65% for HYPE and 50% for BTC and liquidation thresholds of 82.5% and 75% respectively. Posted HYPE and BTC earn no interest, while deposited USDC and USDT earn interest but do not count toward borrowing capacity. Rates float with utilization and accrue hourly, with account and global caps; $269 million was borrowed on the day.

TREE NEWS reports: Stablecoins pegged to the US dollar on Robinhood Chain have surpassed $1 billion in combined market capitalization. USDG accounts for about 67% of the total, making it the largest stablecoin on the chain, while Ethena-issued USDe holds close to 30%.

TREE NEWS reports: A large UNI holder sold 600,000 UNI tokens through multiple swaps for about 5.1 million USDT. The same address also deposited 100,000 UNI, worth roughly $844,000, to the crypto exchange OKX, suggesting it may continue selling. The transactions were flagged on September 18.

TREE NEWS update: World is rolling out World Money, a self-custodial app combining stablecoin payments, digital asset rewards and trading, across more than 150 countries. The launch puts stablecoin payments, rewards and trading in a single non-custodial application for users in those markets.

TREE NEWS update: S&P Global has agreed to acquire OpenZeppelin, the security firm behind the open source smart contract libraries widely used across DeFi, and will place the business under S&P Global Ratings. The ratings firm cut Tether’s stability grade to its lowest level last year. Terms of the deal were not disclosed.