Flash News

TREE NEWS reports: Hyperliquid’s Assistance Fund has burned more than $1.3 billion worth of its native token through cumulative buybacks, on-chain monitoring shows. The fund uses protocol revenue to repurchase and destroy HYPE, permanently removing the tokens from circulation as part of the network’s supply-reduction mechanism.

TREE NEWS update: Chainflip plans to restart its protocol with Tron paused, converting what its Tron liquidity providers hold into a claim: their balances read zero and what they are owed moves to a separate on-chain record. The protocol says it will make those providers whole, but has not publicly said when or from where the funds will come.

TREE NEWS reports: The attacker behind the September 6 Liquid Network exploit has returned 3,400 bitcoin, about 85% of the assets moved, but still holds 598.50 BTC worth more than $45 million. Blockstream, which maintains the network, has refused to pay a ransom and is demanding the remaining bitcoin back. L-BTC redemption for bitcoin remains offline, with Sideswap saying it cannot process redemptions, as circulating L-BTC of 4,234.76 exceeds the 3,632.23 BTC in reserves.

TREE NEWS update: Polymarket has hired the former CEO of Zora as it pushes to rebuild its onchain product, with the prediction market’s vice president of DeFi engineering saying its existing central limit order book cannot be saved long term and is being rebuilt in Rust. The hire and the rebuild point to a broader shift toward onchain infrastructure at the platform.

TREE NEWS update: Solana has conducted the first on-chain governance vote in its history in which any SOL holder, not just validators, could vote on the network’s constitution, inflation and fees. Nick Almond, Head of Governance at the Jito Foundation, discussed the vote. The outcome and vote totals were not disclosed.

TREE NEWS update: World has rolled out a self-custodial money app that combines Bridge-linked accounts with Morpho lending, though key features remain country-limited. Availability, eligibility and third-party providers vary by jurisdiction, the company said. The launch ties World’s wallet to Bridge’s account infrastructure and Morpho’s on-chain credit markets.

TREE NEWS reports: Zcash (ZEC) swung more than 20.84% on September 18, triggering $66.74 million in liquidations over the past 24 hours. Short positions accounted for $58.90 million of the total, while long liquidations reached $7.83 million. The single largest liquidation order was worth $6,990,340.

TREE NEWS update: Uniswap Labs founder Hayden Adams said the SEC has granted an exemption covering permissioned pools in Uniswap v4, opening a path for compliant AMM trading of certain assets and users in the United States. SEC Commissioner Hester Peirce wrote in a comment letter that truly decentralized systems driven by automated software do not need the exemption, meaning permissionless AMMs such as the Uniswap main protocol fall outside it. Adams said Uniswap will file a comment letter proposing improvements to the rules.

TREE NEWS update: World has launched “World Money,” a self-custody super app that bundles stablecoins, Stripe, Kalshi and Morpho integrations, with World ID verification unlocking boosted rewards. The app is self-custodial and connects to Stripe for payments, Kalshi for prediction markets and Morpho for on-chain lending. Users who verify through World ID receive enhanced rewards.

TREE NEWS update: Circle, the issuer of the USDC stablecoin, has developed Arc, a new layer-1 blockchain designed specifically for stablecoin-native finance. The network is positioned around stablecoins as the core unit of account and settlement asset rather than as one application among many. Circle has not disclosed a launch date or further technical details.

TREE NEWS reports: A long-dormant whale closed a 15,108.3 ETH long position at an average price of about $2,450.6, netting roughly $1 million on the single trade. The position was opened early on Sept. 16 at an entry price of about $2,382.4, with a size of about $35.995 million, and was held for roughly 36 hours. Since resuming trading in early September, the whale has completed six rounds — four profitable and two losing — for cumulative net gains of about $3.839 million.

TREE NEWS reports: SYN rose more than 100% on September 17. One address opened a 4x leveraged long of 3.25 million SYN, worth $588,000, on Aster DEX and is now sitting on an unrealized profit of $304,000, a 207% return.

TREE NEWS reports: Circle’s stablecoin-focused public chain Arc saw its meme-token market collapse within a day of launch, with liquidity fragmented across more than 50 launchpads identified before the chain went live. Arc product team member Rachel Mayer posted a dog image captioned ‘Arc’s duke is here,’ which drew mockery rather than buying, and a team livestream was likened to a Fed meeting. Traders said Arc’s first-day playbook mimicked Robinhood’s chain without its retail trading gateway.

TREE NEWS update: Jumper, the cross-chain smart money app built by LI.FI, opened early whitelist applications on September 15, requiring an X account registered more than 180 days ago with at least 10 followers. The app supports 69 chains, 33 bridges and 41 DEXs. LI.FI has raised about $52 million in total, including a $29 million round completed in late 2025 led by Multicoin Capital and CoinFund.

TREE NEWS update: Circle CEO Jeremy Allaire said the company’s x402 Facilitator service is now live on Arc. The service uses EIP-3009 to enable USDC settlement on Arc, Base and Polygon PoS. The launch extends Circle’s payments infrastructure to three networks.

TREE NEWS update: A New York federal court is hearing a dispute over a $15 million loan involving on-chain perpetuals exchange Ostium, which lost $23.75 million in a July exploit. ESS Frontier and Hong Kong-based lender Minghui Zheng sued Ostium earlier this month, asking the judge to freeze its assets and send the dispute to arbitration.

TREE NEWS reports: Trader fluffysnow opened a 5x leveraged long on 8,469.64 ZEC at an average price of $1,322.49 at 04:50, worth $11.66 million, and is now sitting on an unrealized gain of $487,000, making the position the 7th-largest ZEC long on Hyperliquid. ZEC liquidations over the past 24 hours totaled $57.36 million, trailing only Bitcoin and ETH.

TREE NEWS reports: On-chain analyst Ai Yi flagged that GSR Markets appears to be a market maker for LSK after a multisig address 0xCAa…B0C02 moved 9.2 million LSK, worth $6.52 million, to address 0x9c7…0C04D six hours earlier, with 2 million LSK then deposited to GSR’s Binance deposit address. A similar operation occurred nine months ago. LSK spiked to $2.37 last weekend, a near 10x gain, before crashing to $0.5084, a 78.5% market cap decline.

TREE NEWS reports: A newly created wallet, address 0xC2f1, withdrew 2,695 ETH worth $6.94 million from Gemini five hours ago and staked the entire amount, on-chain tracker Lookonchain said on September 17. The withdrawal and staking were executed from a wallet with no prior transaction history.