Flash News

TREE NEWS update: Zipcoin said it is shutting down and plans to hold a token sale, with project wallets holding 2.2% of the token supply. The ZC token has fallen 84% over the past 24 hours. The announcement did not specify a timeline for the sale or further details on the shutdown.

TREE NEWS update: Ireland’s central bank has fined Coinbase Ireland €3.25 million over failures in safeguarding customer funds, with the shortfall reaching €5.2 million in 2024. The sanctions require High Court confirmation before they take effect. The penalty targets gaps in how the exchange’s Irish entity protected client assets.

TREE NEWS update: Dune has launched real-time onchain trading data feeds covering trade data from more than 200 onchain venues across 12 blockchain networks. The new market feeds arrive as tokenized markets continue to expand.

TREE NEWS update: The PHP development team released patches on the 21st for two critical security vulnerabilities in the widely used web programming language, requiring urgent updates. Researchers at a cybersecurity firm discovered the flaws using artificial intelligence tools. One researcher said exploiting the bug on a website is essentially like entering a house through its front door, after which an attacker can move freely inside.

TREE NEWS update: Former FTX chief operating officer Constance Wang criticized Netflix’s upcoming series ‘The Altruists’ for framing the exchange’s collapse as a love story, calling the premise absurd in an interview with the New York Post. Wang said she felt physically sick after watching about 40 seconds of the trailer and that SBF’s focus was on changing the world, not romance. She also revealed she lost nearly all her personal wealth in the collapse and has since co-founded crypto trading platform Pacifica.

TREE NEWS reports: Bitcoin dipped to an hourly close of $80.1K on Oct. 15, sweeping the average cost basis of U.S. spot ETFs and corporate treasuries clustered between $80K and $81.5K before buyers stepped back in. Glassnode flagged resistance at $85K–$87.5K from 6-to-12-month holders, Binance spot asks and the largest liquidation cluster. U.S. spot ETFs drew $653 million on Oct. 19, the biggest day since Sept. 22, while volumes stayed weak.

TREE NEWS update: CoinDCX said users will not bear losses tied to $16 million in transfers it linked to wallets compromised in July 2025. Investigators said the addresses involved remained connected to CoinDCX’s operations, raising questions about the exchange’s account of the transfers.

TREE NEWS update: Italian police dismantled a mafia-run underground bank operating out of a car-rental firm near Milan and seized $24 million, authorities said. The operation served ‘Ndrangheta and Camorra figures, moving money abroad and into cryptocurrency. The car-rental business functioned as a secret bank for organized crime groups.

TREE NEWS reports: Bitcoin reversed a run toward $85,000 and fell below $82,000 after Tesla reported lower-than-expected capital expenditure in Q3. The pullback came as South Korea’s KOSPI also declined. No further details on the size of the moves were provided.

TREE NEWS update: Some Kalshi Prime clients can now fund margin on the prediction market’s perpetual futures using loans from a lending affiliate, secured by Bitcoin and Ether held in BitGo custody. The arrangement lets eligible clients post crypto as collateral for margin without selling the underlying assets. Kalshi Prime is the exchange’s offering for professional traders.

TREE NEWS reports: Nasdaq-listed HYPE treasury company Hyperliquid Strategies (PURR) bought about 130,000 HYPE last week, worth roughly $10.23 million. Its total HYPE holdings now stand at 38.83 million tokens, valued at about $3.055 billion at current prices.

TREE NEWS update: OKX has opened its Exchange OS Open API, giving developers and professional traders access to on-chain spot and perpetual contract trading interfaces, the exchange said on October 22. Developers can connect trading bots, terminals and other systems to fetch market data, manage orders and execute on-chain strategies, with trades self-custodied and verifiable on-chain. The API also supports the third season of its prediction campaign during public beta.

TREE NEWS update: Cysic has offered a settlement to the attacker who unauthorizedly minted 10 million CYS tokens, demanding the return of 275.872 ETH — about 90% of confirmed ETH proceeds — to a designated Cysic Foundation address within 72 hours of an on-chain notice. The attacker may keep the remaining roughly 30.652 ETH as a bug bounty. Cysic said it has reconstructed the key attack steps and retained technical and on-chain evidence, and will escalate to law enforcement for a full criminal investigation if the funds are not returned by the deadline.

TREE NEWS reports: Bitcoin is again testing its ETF cost basis of about $81,000, a level that capped its May rebound before a sharp selloff and was briefly breached and quickly reclaimed last week, Glassnode said. The analytics firm warned that a decisive close below that level could push BTC down toward the $70,000 range.

TREE NEWS update: Chinese prosecutors have applied to confiscate $5.1 billion in Bitcoin seized by UK authorities in the Qian case, with a Tianjin court set to hear the application after a six-month notice period. A parallel legal dispute over the same coins is ongoing in London.

TREE NEWS update: The NEM token contract NemTokenV2 was exploited for about $821,920, SlowMist said. The attacker moved tokens into a liquidity pool and repeatedly executed skim() and flushLpSellRecycle() 42 times, steadily depressing pool reserves before selling the remaining NEM at an inflated price for USDT. The attack involved the PancakeSwap USDT/NEM pair, and SlowMist published the attacker, attack contract and vulnerable NemTokenV2 addresses.

TREE NEWS reports: Twenty crypto trading frontends each booked at least $100,000 in revenue over the past 30 days, with six exceeding $1 million, as third-party frontends’ share of perpetual futures volume climbed from under 1% in early 2025 to about 20% by August. Phantom led the group at more than $7 million, followed by MetaMask at about $3.72 million and Trust Wallet at about $1.93 million, data through Oct. 21 shows.

TREE NEWS update: CoinDCX said user funds are safe and that wallet addresses and transaction data circulating on X are misleading, in a statement on Oct. 22. The Indian exchange said the activity involves old wallet addresses created in January 2025 and compromised in July 2025, after which the platform stopped using them. It said the reported on-chain activity is unrelated to its current operations and urged users to rely on official announcements.