Flash News

TREE NEWS reports: Solana-based meme coin SOLCAT surged over 14x intraday, briefly pushing its market cap above $3.4 million. The rally highlights continued speculative interest in Solana ecosystem meme tokens.

TREE NEWS update: Polygon Labs announced that its Open Money Stack has successfully completed a SOC 2 Type 1 audit, demonstrating its commitment to security and compliance. This certification is a significant milestone for the blockchain infrastructure provider, enhancing trust among institutional clients.

TREE NEWS update: Chevron shares rose about 0.6% to $212.72, poised for a record closing high, after the company announced a $7 billion investment to double its oil production in Venezuela. The move signals confidence in the country’s energy sector despite geopolitical risks.

TREE NEWS reports: ArbitrumDAO reported $6.19 million in revenue for the first half of 2024, with Robinhood Chain contributing 35% of July’s revenue. The report highlights the growing influence of institutional adoption on Arbitrum’s ecosystem.

TREE NEWS reports: Russia’s retail sales rose 5.3% in July from a year earlier, slightly above the 5.2% forecast. The economy expanded 0.6% in July on an annual basis.

TREE NEWS reports: ArbitrumDAO generated $6.19 million in income during the first half of the year. In July, license fees from the Arbitrum Expansion Program, totaling $360,000, accounted for 35% of the DAO’s monthly income. That month marked the first full month Robinhood Chain operated on mainnet.

TREE NEWS update: Analyst Garrett Jin notes Bitcoin has held the $76,600 support level, suggesting a potential move higher if it breaks above $79,000. The analysis focuses on price action and technical levels, with no direct link to RWA tokenization.

TREE NEWS update: US Commerce Secretary Howard Lutnick said the Trump administration now trusts AI firm Anthropic after months of tension. Asked if he trusts CEO Dario Amodei, Lutnick said: “We trust Anthropic. They did what we asked and are back on the right side, so yes.”

TREE NEWS reports: UK 10-year gilt yield rose 0.8 basis points to 5.228% on Wednesday, touching 5.289% at 17:15 BST, the highest since 2007, before paring gains. The 2-year yield added 1.0 basis point to 4.616%, while 30-year and 50-year yields also edged up. The 2/10-year spread was roughly flat at +61.4 basis points.

TREE NEWS update: Ukraine’s state energy company Naftogaz said Norway has detained a Russian ship at its request. The seizure follows a Norwegian court ruling in Naftogaz’s favor over debts owed by Russian companies. Naftogaz has been pursuing international legal action to recover assets linked to Russia’s energy sector.

TREE NEWS update: US Energy Secretary Wright arrived at Venezuela’s presidential palace, Miraflores Palace, on an unannounced visit. The purpose of the meeting was not disclosed. This marks a rare high-level US official visit to Venezuela, amid ongoing tensions between the two nations.

TREE NEWS reports: Backpack US, a crypto exchange, has appointed Kyle Samani, co-founder of Multicoin Capital, to its board of directors. This move signals strategic growth for the exchange, leveraging Samani’s expertise in crypto investments.

TREE NEWS update: Crypto influencer Rune revealed that the proposal to acquire a Nasdaq-listed company was generated by Claude, an AI, and that the associated data was fabricated or exaggerated. The disclosure raises questions about the authenticity of information in the crypto space.

TREE NEWS update: Google Gemini announced that its latest Gemini 3.8 Flash model is now available to Pro and Ultra users starting today, September 2. The model promises more reliable and comprehensive responses in tasks such as action suggestions for everyday topics, text analysis, and complex coding, enhancing practicality and efficiency in high-frequency usage scenarios.

TREE NEWS update: Two Thai businessmen have sued Tether, claiming the company unlawfully froze access to their stablecoins months before U.S. federal authorities obtained a seizure warrant. The lawsuit alleges Tether blocked $42.4 million in USDT without legal basis, causing financial losses. The plaintiffs seek damages and the release of their funds.

TREE NEWS update: Microsoft-backed AI company G42 is seeking billions of dollars in new funding and plans to bring in external capital. The move aims to support its expansion in AI and cloud services.

TREE NEWS reports: Former President Donald Trump has proposed renaming the strategic Strait of Hormuz to ‘Trump Strait,’ a geopolitical move that could impact global oil shipping routes. The suggestion, reported by ChainCatcher, highlights the ongoing tensions in the region and potential implications for energy markets.

TREE NEWS reports: Nasdaq-listed Chinese company Farmmi (FAMI) saw its share price pull back from an intraday high of $0.50 to around $0.18, still up 50%. The stock remains significantly higher despite the sharp decline from its peak.