Flash News

TREE NEWS reports: A Kaito multisig address transferred 8 million KAITO tokens, worth $2.25 million, to address 0xd21…B2629 40 minutes before the report, on-chain analyst Ai Yi said. The intermediary address had received 7 million tokens from the same source three months earlier. The transfer may be linked to a 12.1 million KAITO unlock on Oct. 20, equal to 5.01% of circulating market value.

TREE NEWS update: Strive completed a $630 million preferred stock offering on Tuesday, roughly 25% larger than originally planned, with a 15% nominal annual yield and issued at a discount for a real yield near 17%. Strategy’s 12%-yield STRC preferred has not been issued since its price fell in June, and the company is seeking daily dividend payments while continuing to sell common stock to buy bitcoin, diluting existing shareholders.

TREE NEWS update: Gate will list Axis Robotics (AXIS) futures trading, trading bots and copy-trading features on Oct 21 at 21:10 (UTC+8), supporting 1x to 20x long and short positions. The exchange announced the listing in an official notice.

TREE NEWS reports: SideSwap has processed about 600 redemptions after reopening L-BTC swaps, paying users from its own bitcoin wallet while Liquid federation reserves still cover roughly 85.8% of outstanding L-BTC. The disclosure follows the resumption of swaps on the platform.

TREE NEWS update: Industrial and Commercial Bank of China President Liu Jun said digital technology is reshaping how monetary trust is generated, with data, algorithms and programmability now participating in credit creation, but “technology can only reinforce trust, not replace it.” Speaking on the active global development of digital currencies from stablecoins and crypto assets to central bank digital currencies, Liu said a digital currency qualifies as money not by its algorithm design but by how its credit is supported, redeemed and how responsibility is enforced.

TREE NEWS update: The UK High Court has granted roughly 16,000 Chinese victims the right to appeal its Oct. 12 ruling that Chinese law governs property rights over more than 60,000 bitcoin tied to the Qian Zhimin case. The court held a fresh hearing four days after that decision, and lawyers also discussed litigation costs from the choice-of-law dispute and whether the individual claimants would continue their pursuit or withdraw.

TREE NEWS reports: JPMorgan Asset Management has assigned bitcoin a 10% base case in its 2027 long-term return outlook, marking the first time the firm has given the asset a range of outcomes. The report’s authors described bitcoin as a speculative asset that does not yet function as a portfolio diversifier and said it has no clear portfolio role.

TREE NEWS update: Solana is scheduled to activate its Alpenglow consensus upgrade on Oct. 21 at epoch 1064, replacing TowerBFT with the Votor voting engine. Developed by Anza over roughly 18 months, the upgrade aims to cut on-chain finality from about 12.8 seconds to 100–150 milliseconds and free roughly 75% of block space previously used by vote transactions. More than 90% of validators have met the switch requirements.

TREE NEWS reports: An address tagged “Drift Exploiter 1” has moved a fresh batch of stolen funds into Tornado Cash, transferring about 18,800 ETH valued at roughly $46 million as of the monitoring time. The transfers were flagged by on-chain tracking, with the funds routed through the mixing service in a new round of laundering activity tied to the Drift exploit.

TREE NEWS update: PancakeSwap has opened voting on ‘The Flip,’ a proposal that retains CAKE buybacks funded by non-stablecoin protocol fees and phases in a roughly 69% cut in effective daily emissions. The final plan ties the emissions reduction to a CAKE supply condition. A vote outcome has not been disclosed.

TREE NEWS update: Hongguo Short Drama announced it will phase out its gold coin feature in stages. Starting Nov. 1, 2026, the feature will no longer be offered to new users, and it will be fully discontinued by the end of December 2026. The notice did not specify a reason for the move or say how existing coin balances would be handled.

TREE NEWS reports: US spot Ether ETFs have recorded $1.08 billion in net outflows so far in October, the largest monthly outflow of 2026, as Bitcoin ETF inflows slowed following Monday’s spike. The figures cover flows through the month to date.

TREE NEWS update: Security researcher Bürgel warned that exploits targeting PHP are circulating ahead of critical patches scheduled for release at 10 a.m. ET. Security advisories urged operators to restrict exposed services and prepare to patch immediately. The warning comes as PHP prepares to ship fixes for the vulnerabilities.

TREE NEWS update: Honor unveiled its WIN2 series on October 21, with the WIN RT2 carrying a 12,070mAh Qinghai Lake battery and the standard WIN2 a 10,100mAh cell. Both phones feature 185Hz refresh-rate screens. The company also launched the WIN tablet, which packs a 10,000mAh battery and debuts a 240Hz display, a first for the industry.

TREE NEWS update: Binance launched its “Binance Pick” prediction activity on its main site at 8 a.m. today, with a prize pool that has reached $1 million, including a $100,000 weekly leaderboard, a $500,000 monthly leaderboard and a $100,000 participation pool. Separately, Web3 AI development platform NoahAI said its Season 0 points campaign is live, offering 100 points for daily check-ins and 2,600 points for three social quests.

TREE NEWS reports: Papertrade, a synthetic perpetuals venue on HyperEVM launched October 10, saw traders net lose $63.2 million in its first 212 hours, with $54.1 million (86%) distributed to PAPER stakers, IOSG data through October 19 shows. About 23,000 addresses deposited $335 million and $249 million was realized in losing closes. A Paragon HIP-3 perpetual on Hyperliquid priced PAPER at $0.024, implying a $211 million market cap on 8.69 billion tokens.

TREE NEWS update: NSCALE’s chief executive said the company’s contract revenue has exceeded $100 billion, without specifying the period covered or how the figure was calculated. The disclosure gives an unusually large revenue claim for the company but no further financial detail was provided.

TREE NEWS update: SlowMist is urging crypto platforms to prepare for critical PHP security fixes ahead of patches scheduled for release at 10 a.m. ET on Oct. 21. The affected PHP versions and technical details will be published alongside the patch release. The blockchain security firm advised crypto businesses to get ready for the update before the fixes become public.

TREE NEWS update: Major technology companies have moved to block eight digital certificates issued by Indian certificate authority eMudhra after a private key generation flaw allowed attackers to guess keys and forge HTTPS certificates for any website. The flaw meant anyone could derive the private keys, enabling fake sites to appear legitimate. The block affects certificates that could be used to impersonate any domain.

TREE NEWS update: China’s digital yuan infrastructure service system has been fully upgraded, the National Energy Administration-adjacent announcement said, without disclosing technical details or a timeline. The upgrade covers the e-CNY ecosystem’s underlying infrastructure. No figures on transaction volume or participating institutions were provided.