Flash News

TREE NEWS update: Revolut said customer money and data were safe after a disruption affected payments, crypto services, sign-in and ATM withdrawals. The company confirmed the outage hit multiple services but did not say how many customers were affected or what caused it. Payments and crypto functions were among those disrupted, with ATM withdrawals also impacted.

TREE NEWS reports: More than 6 billion XRP flowed onto exchanges tracked by CryptoQuant in the 30 days to Oct. 19, the largest 30-day inflow since March. The data points to holders, including large whales, moving tokens to trading venues while whale activity shifts to the sidelines.

TREE NEWS update: Revolut said on October 20 that it is experiencing a service disruption affecting multiple services, while all customer funds and data remain safe. The company said its team has been working to fix the issue since it was identified this morning and apologized to affected users.

TREE NEWS update: Mt. Gox has pushed its creditor repayment deadline to 2027, the sixth time the defunct bitcoin exchange has extended the timetable. Some creditors remain unpaid because of incomplete procedures and payment processing issues, the trustee said. The extension delays the final distribution of recovered funds more than a decade after the exchange collapsed in 2014.

TREE NEWS update: Switzerland’s Financial Market Supervisory Authority (FINMA) has approved the country’s first retail bitcoin ETF, granting an exemption from diversification rules. The approval requires custody safeguards and clear warnings to investors about volatility and potential losses. The decision opens bitcoin exchange-traded product access to Swiss retail investors under the regulator’s conditions.

TREE NEWS update: Bitget plans to acquire Bangkok-based digital asset exchange and broker GMO-Z.com Cryptonomics (Thailand) Co., Ltd. through its affiliated entity BTGT Management (Thailand) Ltd., the companies disclosed on October 20. The deal would bring a Thai-licensed crypto trading venue under the Bitget umbrella. Financial terms were not disclosed.

TREE NEWS update: Mesh has signed a deal with Visa to let users pay directly from crypto and stablecoin balances held in participating wallets, with Mesh acting as program manager and a Visa credential set up in the background. Neither company has said when the service will launch. The arrangement is designed to enable card-free payments from wallet balances.

TREE NEWS update: Bitget is planning to acquire a Thai cryptocurrency exchange, weeks after suffering a $388 million hack. The proposed acquisition would give the crypto exchange a route into Thailand’s crypto market through a locally licensed operator. The name of the Thai exchange and the deal’s value were not disclosed.

TREE NEWS update: Tesla and Alipay signed a cooperation agreement on an in-car assistant project, under which Tesla China’s vehicle system will add Alipay’s smart parking service. Through a subsequent software upgrade, owners will be able to pay parking fees quickly and securely on the car’s screen. Tesla said more convenience features for in-car lifestyle scenarios are in development.

TREE NEWS reports: Qubic Wallet may have leaked most of its users’ private keys. The private keys can reportedly be reconstructed through six connections. No further details on the scope of the exposure or the number of affected wallets were provided.

TREE NEWS reports: The attacker behind Drift Protocol deposited 25,700 ETH worth $61.56 million into Tornado Cash over the past two hours, ending a two-month lull in moving the more than $270 million stolen in ETH. The address still holds 81,864 ETH valued at $195 million.

TREE NEWS update: BlackRock filed for the iShares Bitcoin Managed Protection ETF, which would use options on its existing IBIT fund to limit losses in exchange for giving up some upside. The filing came as IBIT drew $665 million in a single day.

TREE NEWS update: South Korean crypto exchange Upbit will list the MPLX token on its Korean won market, with trading set to begin at 18:30 local time on October 20. The exchange disclosed the listing in an official announcement. Upbit is one of South Korea’s largest crypto trading venues.

TREE NEWS reports: Lido engineering lead Dima Gusakov warned that delegated staking protocols face front-running attacks during Ethereum’s Glamsterdam hard fork transition. Glamsterdam introduces builder deposits using 0xB0-prefixed withdrawal credentials that share the deposit queue with validator deposits around the fork, letting malicious node operators capture staker funds into their builder accounts and preventing the corresponding validators from activating. The fix proposal, consensus-specs #5735, was closed as “not planned,” so staking protocols must run their own pre-deposit checks.

TREE NEWS reports: JPMorgan has included Bitcoin in its long-term capital market outlook for the first time, projecting the cryptocurrency will outperform US stocks and gold over the next decade. The bank cautioned that Bitcoin’s volatility and unstable correlations limit its role in investment portfolios.

TREE NEWS reports: Barclays and Goldman Sachs said the selloff in CoreWeave’s roughly $1.5 billion of unsecured bonds, yielding about 15% with CDS spreads above 1,000 basis points, resembles the 2023 Silicon Valley Bank panic rather than a systemic credit collapse. Barclays’ Ajay Rajadhyaksha noted the notes sit behind about $35 billion in total debt, while Goldman argued the unsecured market no longer reflects CoreWeave’s true funding costs, estimated at 800-900 basis points.

TREE NEWS update: 21Shares listed two physically backed exchange-traded products in Europe on October 20, one tracking Lighter (LIT) and the other Venice Token (VVV), both carrying a 2.50% fee. The Lighter ETP trades as LIHT on Germany’s Xetra in euros and dollars, while the Venice Token ETP trades as VENC on Switzerland’s SIX in dollars. Investors can hold the products through ordinary brokerage accounts without buying, custoding or managing the tokens themselves. Lighter is a zero-knowledge decentralized perpetuals platform and Venice a privacy-focused AI platform.

TREE NEWS update: The CFTC argued in an Oct. 16 court filing that CME’s crypto futures volume grew by 621,570 contracts between May and September, using the exchange’s own data to rebut claims that perpetual futures cause market harm. The regulator also cited CME’s CEO telling investors that customers have not asked for perps, as the agency defends its approach to crypto derivatives regulation.

TREE NEWS update: Binance Wallet launched a CopyTrade feature that lets users follow wallets selected from a leaderboard or entered manually, setting buy amounts and take-profit and stop-loss parameters for automatic execution. Users can start or stop copying at any time, and the feature supports tokens including meme coins and bStocks.