Flash News

TREE NEWS update: Circle has deployed native USDC, EURC, and CCTP support on the Plasma network, enabling developers to use Circle-issued dollar and euro tokens. The burn-and-mint mechanism facilitates seamless USDC transfers across supported chains.

TREE NEWS update: HyperliquidNews announced on X that HIP-4, which enables permissionless deployment, will be activated in the next network upgrade. This marks a significant step towards open participation on the Hyperliquid network.

TREE NEWS update: Data shows that if Bitcoin falls below $76,000, cumulative long liquidation intensity on major CEXs could reach $797 million. This highlights the fragility of leveraged long positions in the current market.

TREE NEWS reports: Solana validators passed SGP-0002, doubling the disinflation rate, with 176.29 million SOL in favor versus 66.19 million opposed. The vote was influenced by Kraken’s largest validator switching its ~8.1 million SOL stake from against to for hours before the deadline.

TREE NEWS update: Data shows that Hyperliquid’s largest long trader has opened another long position of 1000 BTC. This move indicates continued bullish sentiment from the top trader on the platform.

TREE NEWS update: Ethena announced plans to expand its USDe backing strategy to include equity-perpetual basis trades, with the first partner exchange announcements and deployments expected in the coming weeks. This move aims to diversify the collateral backing of its synthetic dollar.

TREE NEWS reports: DWF Ventures highlights the accelerating rise of social trading, where platform competition is shifting from trade execution to social networks and information advantages. This trend underscores the growing importance of community-driven insights in crypto markets.

TREE NEWS reports: Ethena proposes a revised fee switch mechanism that would activate ENA token buybacks when USDe supply reaches certain thresholds. The plan aims to align token economics with protocol growth.

TREE NEWS reports: A whale address pension-usdt.eth had its ETH short position liquidated, incurring a loss of approximately $23.93 million. The liquidation highlights the risks of leveraged shorting in volatile crypto markets.

TREE NEWS update: MANTRA disclosed a post-mortem of a recent attack, revealing that an underflow vulnerability allowed over 720 million tokens to be transferred, with approximately 37.96 million frozen. The incident underscores ongoing security challenges in DeFi protocols.

TREE NEWS update: Moonwell, a DeFi lending protocol, lost $8.7 million on Base after an attacker bypassed its supply cap by depositing once and then sending 53 million tokens directly to the market, inflating the value of their shares about 3.7-fold. The exploit highlights vulnerabilities in supply cap mechanisms.

TREE NEWS update: The second phase of incentives for USDD and Pendle has been launched, offering $600,000 in rewards. This initiative aims to boost participation and liquidity in the associated DeFi protocols.

TREE NEWS reports: Ethena Foundation proposed a fee switch converting 95% of net protocol revenue into ENA buybacks and a vote to buy back tokens held by early investors. The news drove ENA up 10%.

TREE NEWS reports: Base, with over $5 billion TVL and ~12 million daily transactions, is nurturing products beyond speculation. Highlighted are Hydrex (MetaDEX), SwapRoyale (fantasy trading), BlockRun (AI agent gateway), PixieChess (NFT chess), and Tokensto (AI token resale). These show a broader surface of on-chain activity than commonly acknowledged.

TREE NEWS reports: The Sandbox has announced plans to reimburse users on a 1:1 basis after a bridge vulnerability led to the theft of approximately $700,000 worth of SAND tokens. The exploit targeted the platform’s bridge, prompting the team to assure affected users of full compensation while investigating the incident.