Flash News

TREE NEWS update: SpaceX’s chief financial officer said demand for cloud services is especially strong, without providing figures or a time frame. The comment points to sustained appetite for cloud capacity tied to the company’s operations. No further details were disclosed.

TREE NEWS reports: The North Korea-linked attacker behind April’s $295 million Drift heist sent 25,700 ETH, worth roughly $61 million, through Tornado Cash within two hours. The wallet still holds about $198 million in assets from the exploit. The transfer marks one of the largest single laundering batches tied to the April incident.

TREE NEWS update: Bitwise and Hyperliquid have filed requests with the U.S. Securities and Exchange Commission seeking clearer rules on how crypto assets are classified and how secondary-market trading and airdrops should be treated. The filings come as the SEC’s public comment period closes. The firms are asking the agency for guidance that would resolve open questions about token trading and distribution.

TREE NEWS reports: USDC Treasury minted 500 million USDC on the Solana network in two transactions of 250 million each, at 03:47 and 03:49 Beijing time on October 21, worth about $500 million. Blockchain explorer data shows both transactions were executed by the USDC mint authority address.

TREE NEWS reports: US stocks closed mixed on October 21, with the Dow up 1.00%, the Nasdaq down 0.10% and the S&P 500 up 0.27%. Among crypto-linked names, BitMine (BMNR) rose 5.68%, Circle (CRCL) gained 5.12% and Strategy (MSTR) added 4.52%, while Riot Platforms (RIOT) fell 2.23% and MARA rose 2.04%.

TREE NEWS reports: Eighty-two crypto projects have shut down so far in 2026, spanning DeFi, blockchain infrastructure and gaming, as falling revenues, depleted funding and security breaches force closures. The wave of shutdowns has hit DeFi, infrastructure and gaming projects hardest, with security breaches adding to the pressure from weak revenue and scarce capital.

TREE NEWS update: Switzerland’s Financial Market Supervisory Authority (FINMA) has approved the country’s first retail fund that holds bitcoin directly. FINMA waived the diversification rules for the fund, but imposed strict custody and investor-protection safeguards. The approval opens direct bitcoin exposure to retail investors under Swiss regulation.

TREE NEWS update: Utah has filed a lawsuit against prediction-market platform Kalshi, likening it to a “back-alley gambling den,” and naming Susquehanna-affiliated firms in the action. The state is seeking to recover alleged gambling profits and to block Kalshi’s bets across sports, politics and culture. The suit adds to mounting legal pressure on event-contract venues over whether their products constitute regulated gambling.

TREE NEWS update: Extended will require holders of more than $1 of USDT or wBTC in a sub-account to convert or withdraw their assets ahead of an Oct. 22 settlement migration from Starknet to Arc, warning that non-compliant balances face forced closure. The exchange’s notices, however, give conflicting deadlines for the move, leaving users uncertain about the exact cutoff.

TREE NEWS reports: U.S. spot Bitcoin ETFs attracted $526.7 million in net inflows on Monday, their largest single day since Sept. 22. BlackRock’s IBIT accounted for the entire total, while Fidelity and Grayscale funds recorded net outflows.

TREE NEWS update: Coinbase has suspended trading in Blast (BLAST) and warned users that tokens not withdrawn from the exchange by Oct. 26 will be inaccessible once the Blast network shuts down. Blast had announced it is ceasing operations and advised users to bridge assets to Ethereum mainnet before that date. Upbit also plans to delist BLAST on Oct. 26.

TREE NEWS reports: J.P. Morgan Asset Management issued its first long-term bitcoin return forecast, projecting 10% annual returns. The firm flagged 55% volatility as a barrier to broader portfolio adoption.

TREE NEWS reports: Ethereum’s staked supply reached a record 43.8 million ETH, Bitwise said, while the network’s gross annualized staking yield fell to 2.63% from 2.81%. Solana also recorded higher stake alongside lower staking returns.

TREE NEWS reports: Bitcoin is trading just below $83,000, holding above both its short-term and long-term moving averages. Traders are watching those technical levels for the next directional move in the largest cryptocurrency.

TREE NEWS update: Strive closed a $630 million IPO for its bitcoin treasury vehicle SATS, the company said, without specifying how much of the proceeds will go to bitcoin. The company could buy an estimated 7,372 BTC with its net proceeds, a purchase that would put its holdings above Metaplanet’s if the full amount is allocated.

TREE NEWS reports: Compound’s COMP token rose 27%, outpacing both bitcoin and ether, and also led the two benchmarks over seven- and 28-day periods. Despite the token’s gains, Compound’s total value locked remained below its late-September level.

TREE NEWS update: Utah Attorney General Derek Brown sued prediction-market platform Kalshi and two Susquehanna-affiliated trading firms in the state’s Third District Court, alleging they kept offering sports and event contracts to Utah residents after a federal court confirmed the state’s authority to enforce its gambling ban. The suit seeks to block resident access, restitution, disgorgement of profits and a public-nuisance finding. Utah estimates Kalshi collected $30.6 million to $61.2 million in fees from state accounts, with over 32,000 Kalshi accounts registered to Utah residents.

TREE NEWS update: LayerZero said its Layer 1 blockchain Zero mainnet and trading engine lzATLAS will go live on Nov 30. lzATLAS, the first application on Zero, will start as Open ATLAS with support for more than ten trading venues at launch, with more to be added within the year. LayerZero said the mainnet will initially focus on open markets, while institutions are already testing lzATLAS for large markets such as US equities, with venues integrating trading infrastructure and testing order execution and settlement.

TREE NEWS update: Nectar Group, the developer of bitcoin income platform HoneyB, has raised $5 million in a seed funding round at a $30 million valuation. The company builds a platform focused on generating yield from bitcoin. No lead investor or other participants in the round were disclosed.