Flash News

TREE NEWS reports: Blockaid reported that an attacker exploited an Ankr liquid staking token and E-mode to overborrow from More Markets, draining approximately $9.3 million in WFLOW from a lending reserve. The incident highlights ongoing vulnerabilities in DeFi protocols.

TREE NEWS update: Pons, a token launch platform on Robinhood Chain, has seen its PONS token surge from $60M to $400M market cap in a week, now around $300M, driven by record token issuance and trading volumes. Daily protocol revenue hit $930K, surpassing Jupiter and Polymarket, with 80% of fees used to buy back and burn PONS, creating a positive flywheel. Sustainability depends on Robinhood Chain meme momentum and Pons’ market share.

TREE NEWS reports: HyperEVM’s ecosystem is heating up as HYPE hits new highs, with gas fees soaring above Ethereum’s. Meme coins like EGG and CHAMELEON have surged, while projects like Motion, Kinetiq, HyperLend, and Project X are gaining traction. The ecosystem’s sustainability remains uncertain as high fees may limit long-term growth.

TREE NEWS update: More Markets, a DeFi protocol, suffered an attack where the attacker siphoned off 15.5 million WFLOW tokens, impacting funds worth approximately $9.3 million. The incident highlights ongoing security vulnerabilities in the decentralized finance space.

TREE NEWS update: Venus Protocol has introduced a Liquidity Hub to serve as a unified entry point for liquidity, streamlining access to its decentralized lending services. The move aims to enhance user experience and capital efficiency within the Venus ecosystem.

TREE NEWS update: HyperliquidNews announced on X that the total result trading volume on Hyperliquid has surpassed $300 million. This milestone highlights the growing activity on the platform.

TREE NEWS update: Bitget has introduced an exclusive ETH wealth management product for VIP users, offering a comprehensive APR of up to 4.5%. This move aims to attract high-tier users by providing enhanced yield opportunities on their ETH holdings.

TREE NEWS update: Wintermute’s short position on Hyperliquid has turned into a floating profit of $1.73 million. The move reflects a successful bearish bet amid market conditions.

TREE NEWS update: Hyperliquid’s permissionless HIP-4 deployment has kicked off with Outcome as the first builder, staking 500k HYPE (~$42M) as collateral, followed by Skew. Unit Labs, the team behind trade.xyz, is also preparing to enter, sparking a competition for prediction market dominance on Hyperliquid.

TREE NEWS reports: Cronos blockchain was halted after a security exploit on the Tectonic lending protocol, with estimated losses of around $75 million. Crypto.com CEO Kris Marszalek assured that the company’s app and exchange were unaffected and continued operating normally.

TREE NEWS reports: The USDC Treasury has minted an additional 250 million USDC on the Solana blockchain, increasing the stablecoin’s supply on the network. This move reflects ongoing demand for USDC within the Solana ecosystem, particularly for DeFi and trading activities.

TREE NEWS update: Robinhood Chain’s application revenue reached $1.84 million in the past 24 hours, surpassing Ethereum and rising to second place across all chains. This marks a significant milestone for the chain’s on-chain activity and adoption.

TREE NEWS reports: Bitcoin is advancing toward post-quantum security, while Solana validators have approved a measure to reduce inflation by cancelling 18.9 million SOL. Bernstein analysts predict Bitcoin could peak at $500,000 this cycle.

TREE NEWS reports: Data shows that if Ethereum (ETH) falls below $2,388, the cumulative long liquidation intensity across major centralized exchanges (CEXs) could reach $903 million. This highlights significant liquidation risk in the market.

TREE NEWS reports: Cronos Network has suspended operations following an attack on Tectonic, a DeFi lending protocol, with estimated losses of around $75 million. The incident underscores ongoing security challenges in the DeFi space.

TREE NEWS update: Outcomes, a prediction market on Hyperliquid, surpassed $1 million in trading volume within 24 hours, a first since July 30. @Outcomexyz contributed $661,000 of that volume.

TREE NEWS update: Data shows that on Hyperliquid, there are currently 6 positions exceeding $100 million and 18 positions exceeding $50 million, indicating significant whale activity on the platform.