Flash News

TREE NEWS update: The Fogo Foundation reported that approximately 400 million FOGO tokens have been transferred, indicating an attack on the project. The incident highlights security vulnerabilities in the crypto space, urging users to stay alert.

TREE NEWS update: Avici suffered an attack resulting in a loss of approximately $1.02 million, with the attacker converting the stolen funds into about 418 ETH. The incident highlights ongoing security vulnerabilities in the crypto space.

TREE NEWS reports: Data shows that if Ethereum breaks above $2,565, cumulative short liquidation intensity on major centralized exchanges could reach $1.318 billion. This highlights a key resistance level for ETH, with potential for a short squeeze.

TREE NEWS reports: Catapult Trade, a HyperEVM trading protocol, has completed a $6 million funding round and announced the upcoming Token Generation Event (TGE). The funds will be used to further develop the protocol and prepare for the token launch.

TREE NEWS update: Data shows that Unitxyz used Coinbase Prime funds to purchase $15 million worth of Hyperliquid tokens. The transaction highlights growing institutional interest in the Hyperliquid ecosystem.

TREE NEWS update: Data shows Abraxas Capital holds more than $472 million in perpetual contract short positions, earning $21 million in profits over the past 24 hours. This highlights significant leveraged positioning in the crypto derivatives market.

TREE NEWS update: Solana validators have approved a proposal to accelerate SOL deflation, doubling the annual deflation rate to 30%. This move is expected to significantly reduce the token supply over time, potentially impacting its economics.

TREE NEWS reports: An attacker drained over $1 million from Avici users in a live attack on the Solana neobank, holding 10,005 SOL at press time. Avici acknowledged the issue affecting card balance withdrawals nearly two hours after the first drain transaction, as funds continued to be taken.

TREE NEWS update: Solana validators approved SGP-0002 ‘Double Disinflation’ with 67.0% support, increasing annual emission decay to 30% and bringing the 1.5% issuance floor forward to 2029, reducing SOL issuance by ~18.9M over six years. The SGP-0001 constitution also passed, while SGP-0003 was rejected. Staking yields are expected to drop from ~5.25% to ~2.25% within three years.

TREE NEWS reports: The Sandbox has committed to compensating users affected by the recent bridge exploit with a 1:1 SAND repayment, using treasury funds. The compensation will be based on pre-incident balances on Base and BNB Chain, without increasing the token’s fixed 3 billion maximum supply.

TREE NEWS reports: The Solana community narrowly approved the ‘Double Disinflation’ proposal, reducing SOL’s inflation rate, despite Kraken’s opposition. A separate fee-burning measure failed, marking a significant governance decision for the network.

TREE NEWS update: HyperliquidNews announced on X that TradeXYZ has exceeded 400,000 independent traders, marking a new user milestone. The platform’s growing adoption reflects the expanding crypto derivatives ecosystem.

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.