Flash News

TREE NEWS reports: Data suggests that if Ethereum (ETH) surpasses $2,486, cumulative short liquidation intensity on major centralized exchanges could reach $1.329 billion. This indicates a potential for significant short squeezes and increased volatility in the crypto market.

TREE NEWS reports: fomo’s daily active traders surged from under 10,000 in early June to over 100,000 by late August, a tenfold increase, as Robinhood Chain trading gained momentum. On August 31, Robinhood Chain accounted for about 75% of fomo’s daily volume, with Solana at 20%. The platform also reported over 1.9 million total users and predicted August trading volume above $2.8 billion.

TREE NEWS reports: Robinhood Chain’s soaring gas fees and trading taxes are eroding profits for meme coin traders, with data showing ~60% of sellers losing money. The article suggests that providing liquidity in high-quality pools may offer better risk-adjusted returns than PvP trading in this high-fee environment.

TREE NEWS update: Uniswap recorded over 7 million transactions on a single day, setting a new all-time high. This milestone underscores the growing adoption of decentralized exchanges and the broader DeFi ecosystem.

TREE NEWS reports: GMGN’s smart money data shows BITCAT leading the 24-hour net inflow ranking, indicating heightened whale interest. The list reflects recent capital movements among tracked tokens, with BITCAT attracting the largest net inflow.

TREE NEWS reports: Defimon reports that YAM Finance has suffered a governance takeover attack. The attacker submitted an empty proposal in an attempt to gain control of the Timelock contract. The incident highlights ongoing risks in DeFi governance mechanisms.

TREE NEWS update: A trader opened a highly leveraged long position on 18,587 ETH, valued at $44.85 million, using 25x leverage. This significant trade highlights the ongoing speculative activity in the crypto market.

TREE NEWS reports: Core DAO will undergo an emergency hard fork to address an issue where validators claimed excessive rewards. The network upgrade aims to correct the reward distribution and restore protocol integrity.

TREE NEWS reports: THENA, a DEX on BNB Chain, has surpassed $40 billion in cumulative spot trading volume. The milestone highlights the platform’s growing adoption and liquidity within the BNB Chain ecosystem.

TREE NEWS reports: SlowMist reported a security breach in the GebProxyActions contract, where an access control vulnerability resulted in the theft of 5.9436 ETH. The incident highlights ongoing risks in DeFi smart contracts.

TREE NEWS update: ARB rose nearly 30% in a day as Robinhood Chain generated over $2M in daily on-chain revenue, with ~10% flowing back to Arbitrum. The growth, from $54K to over $1M in eight days, marks a potential milestone for L2 token value capture.

TREE NEWS reports: Arbitrum has accumulated approximately $1.3 million in revenue share from Robinhood Chain, reflecting growing adoption of its Layer 2 technology. Meanwhile, ARB token surged 46.7% over the past two weeks, highlighting positive market sentiment.

TREE NEWS reports: Huang Licheng, a prominent crypto investor, holds a long ETH position worth nearly $100 million that is only $63 away from its liquidation price. This highlights the high leverage and risk in the current market.

TREE NEWS update: Hyperliquid Strategies has expanded its equity purchase agreement to $2.5 billion. This move signals significant capital deployment, potentially impacting the crypto market.

TREE NEWS reports: Data shows Hyperliquid platform whales currently hold $7.206 billion in positions, with a long/short ratio of 0.93. This indicates a slightly bearish sentiment among large traders on the platform.

TREE NEWS reports: Pump.fun has announced the activation of its limit order feature on the Solana blockchain. This new functionality allows users to set specific buy or sell prices for tokens, enhancing trading flexibility on the platform.

TREE NEWS update: DAC has raised $1 million in a funding round led by Unicorn Crypto Ventures. The investment will support the development of its digital asset custody solutions.

TREE NEWS update: Full Sail, a DeFi protocol on the Sui ecosystem, has announced it will gradually cease operations. The decision marks a retreat from the competitive DeFi landscape on Sui.

TREE NEWS reports: Robinhood Chain, an Ethereum Layer 2, saw its DEX volume jump 61% to $1.6 billion within days. DeFi deposits and stablecoin holdings on the network have approached $800 million, indicating growing adoption.