Flash News

TREE NEWS update: Starknet’s community has overwhelmingly backed research into turning the network into an independent post-quantum Layer 1, with a draft whitepaper expected in November. The vote endorses exploring a quantum-resistant architecture for the Starknet chain. No timeline beyond the November whitepaper was given.

TREE NEWS reports: A whale position of 121.33 BTC, worth about $9.91 million, was liquidated as cryptocurrency prices fell, Lookonchain data shows. The liquidation highlights the risk leveraged positions face during a market downturn. The figure was reported on October 22.

TREE NEWS update: QuantumCTek reported a net loss attributable to shareholders of 47.07 million yuan for the first three quarters of 2026, widening from a 26.47 million yuan loss a year earlier. Revenue fell 16.73% year on year to 158 million yuan, while non-recurring net loss reached 77.68 million yuan. Third-quarter revenue dropped 49.66% to 34.41 million yuan, mainly due to lower quantum computing revenue, with a quarterly net loss of 23.90 million yuan.

TREE NEWS reports: MAGMA rose more than 70% on October 22, with two traders opening 2x leveraged long positions on Aster DEX that together hold 1.5 million MAGMA, built at a value of about $775,000. The two positions now show combined unrealized profit of roughly $340,000, with a peak return of 105.84%.

TREE NEWS reports: XRP whales — addresses moving more than 1 million tokens per transaction — have raised their average monthly inflows to Binance by about $72 million since August, reaching $112.4 million, the highest since March, analyst Darkfost said. Single-day inflows topped $400 million at one point. The shift coincided with XRP’s more than 30% rebound since August, suggesting some large holders may be taking profits.

TREE NEWS reports: Layer 2 scaling solutions are processing transactions off-chain and posting data or proofs back to Ethereum, easing pressure on the main network’s limited blockspace. Rollups, the dominant design, bundle transactions for cheaper and faster execution while still relying on Ethereum for settlement, security, data posting or verification. The approach keeps users from being priced out when base-chain fees climb.

TREE NEWS update: President Trump said at a White House cybercrime roundtable that $1.6 billion in losses had been prevented, while the Justice Department’s strike force reported $938.5 million in cryptocurrency restrained as of Oct. 15. The figures cover scam-linked crypto assets frozen as the DOJ expands its enforcement effort nationwide.

TREE NEWS reports: Ether dropped below $2,400 on October 22, trading at $2,398.98 per token, a decline of 4.53% within the day. The move marks a fresh intraday low for the second-largest cryptocurrency.

TREE NEWS reports: A single whale sold 246.25 BTC worth about $20.64 million and bought 8,286 ETH for roughly the same amount, Lookonchain data shows. Over the past 11 days the wallet has sold 1,917.7 BTC valued at about $159 million and bought 64,545 ETH worth about $155 million, continuing to rotate funds from BTC into ETH.

TREE NEWS update: Cloudflare CEO Matthew Prince said the network logged thousands of exploit attempts against a PHP vulnerability even before the flaw was publicly disclosed, with total attempts reaching into the millions. The activity points to attackers exploiting the bug ahead of any public warning.

TREE NEWS update: A Cambodian court has frozen nearly $1 billion in assets linked to the Prince Group case, covering buildings, casinos and thousands of properties, with 198 affiliated companies identified — 98 in Cambodia and 100 overseas. The freeze does not constitute formal confiscation, and authorities are studying legal management and disposal options, including temporary state control or eventual forfeiture, pending court rulings. Minister Chhay Sinarith said the months-long probe is examining suspected online fraud use of some affiliated buildings and casinos.

TREE NEWS update: A Tianjin court has opened a six-month notice period in prosecutors’ bid to forfeit Qian Zhimin’s 61,896 bitcoin, one day after London’s High Court ruled that Chinese law applies to whether victims have rights in the coins. The parallel proceedings pit Chinese forfeiture efforts against UK-held bitcoin.

TREE NEWS update: TSMC is seeking equipment that uses fewer rare earth elements, the company said. The move comes as the semiconductor industry faces supply-chain concerns over critical minerals. No further details were provided.

TREE NEWS update: CoinDCX co-founder Sumit Gupta denied that the exchange suffered a new hack after a $16 million wallet alert, saying the flagged addresses were compromised in July 2025 and that no funds in CoinDCX’s current wallets were affected. The July 2025 incident remains the source of the exposure.

TREE NEWS update: Nasdaq-listed Alpha Modus exchanged 51.6 million shares and matching warrants for 3,170 bitcoin, giving it a Bitcoin holding worth more than $250 million. The share swap expands the company’s asset base while diluting existing shareholders. The transaction was disclosed in a company report.

TREE NEWS update: Gemini co-founders Cameron and Tyler Winklevoss said Zcash is “encrypted Bitcoin” and argued ZEC, at a roughly $25 billion market cap, or about 2% of Bitcoin’s, has fivefold upside if privacy is worth 10% of Bitcoin’s value — implying a price above $5,000 with a path to $10,000. The twins, who led Zcash’s 2016 seed round, said AI and quantum computing accelerate demand for on-chain financial privacy and that their company Cypherpunk keeps buying and mining ZEC.

TREE NEWS reports: US spot Bitcoin ETFs pulled in $528 million on the latest trading day, bringing their three-session total to $1.08 billion and pushing October flows back above water. The inflows mark a sharp rebound for the funds after a weaker start to the month.

TREE NEWS reports: Fourteen of 19 top DeFi tokens that distribute revenue to holders outperformed Bitcoin between Aug. 22 and Oct. 20, with Raydium up 178% and the group’s median gain at 12.9%, more than double Bitcoin’s 5.6% advance. Tokens in the dividend-growth group rose a median 18.3% versus 6.9% for the rest. Hyperliquid distributed $146.9 million to holders over the period, 59% of the sample total, yet its token gained just 6%.

TREE NEWS update: WeChat said it is actively working to adapt its app to Apple’s foldable iPhoneDuo and will release an update as soon as possible, after users reported the interface does not fit the device’s screen properly. The company said it will continue optimizing the experience. Users had shared photos on social media showing WeChat’s interface failing to display correctly on the iPhoneDuo’s screen.