Flash News

TREE NEWS update: Spicenet, a brokerage network for on-chain finance, has raised a $5 million Series A led by dao5, with Babylon and Astrarizon participating. Combined with its $3 million seed round co-led by Hack VC and Magnus Capital, total funding now stands at $8 million. The proceeds will fund the launch of cross-venue margin product Spice Edge and the SPICE token, plus initial liquidity for network products. Spice Flow’s beta has processed over $160,000 in trading volume.

TREE NEWS update: NEAR has added a confidential pre-IPO trading contract for Jio ahead of the Indian telecom giant’s listing. The contract offers up to 5x leverage and is expected to convert into an equity perpetual after the listing, without delivering shares or IPO allocations.

TREE NEWS update: Robinhood has opened its Earn product to all eligible users, letting them lend onchain USDG. Deposits are routed to a Steakhouse-curated Morpho vault on Robinhood Chain, where rewards top up lending interest. Withdrawals depend on vault liquidity.

TREE NEWS update: Ripple and C2FO are testing the settlement of approved invoice payments on the XRP Ledger, while BNY has added XRP and RLUSD to its custody platform. The two developments pair a payments pilot with expanded institutional custody for the XRP ecosystem. No timeline or volume figures were disclosed.

TREE NEWS update: SUN.io completed its 52nd SUN token buyback and burn on October 27, destroying 7,232,977.17 SUN for the July 25–October 25 period. Cumulative burns since December 2021 have reached 685,780,165.49 SUN, worth over $11 million and equal to 3.44% of total supply. The burns are funded by protocol revenue from SunSwap V2, SunPump and SunX.

TREE NEWS update: Bitget Wallet launched Virtual Account, giving users personal USD and EUR account numbers from licensed partner Noah inside the self-custodial wallet. Incoming deposits via ACH, Fedwire, SEPA and SWIFT convert automatically to USDT or USDC. The feature is being rolled out to the wallet’s 100 million users.

TREE NEWS reports: A matched price-gap example shows a stop-loss order may sell below its trigger price while a stop-limit order can leave tokens unsold when the market gaps past the limit. Onchain swaps add liquidity and transaction checks to the execution, meaning a triggered order is not the same as a filled one.

TREE NEWS update: Solana staking protocol Marinade said nodes running Alpenglow’s Agave 4.3.2 skip about half their slots in each epoch’s first block-production window, and that a fix has been merged but not yet released. Until the patched version ships, the Protected Staking Rewards (PSR) mechanism will not deduct validator bonds for those slots, and the Staking Auction Market (SAM) will not count them as uptime shortfalls. Marinade said the client bug should not be borne by validators.

TREE NEWS update: Initia has drafted a fix for a security vulnerability discovered on Oct. 23 and the remedy is now being audited by security partners, the project said. Once the audit is complete, Initia will publish a detailed plan to restore backing for affected assets and orderly restart its L1 and Rollup networks, expected within the coming days. Users were warned to beware of unofficial links, messages and statements.

TREE NEWS update: Marinade has exempted first-window slots from PSR and SAM bond charge calculations to address an Agave slot-skipping bug. A fix is included in an Agave 4.4 release candidate. The exemption applies to bond charges tied to the bug.

TREE NEWS update: Ethereum developers have merged a fix into the Glamsterdam upgrade that prevents validator deposits pending at the Gloas fork from being credited to a builder sharing the same key. The change addresses a scenario its author described as a conditional finding rather than a live exploit. The fix was merged ahead of the Gloas fork to close the deposit-crediting edge case.

TREE NEWS update: BOB announced on X that it will stop supporting oUSDT on the BOB network on Oct 31, giving holders until that deadline to move the asset out via a cross-chain bridge. The protocol urged users holding oUSDT on BOB to complete the transfer before support ends.

TREE NEWS update: Bloom suffered a security breach in which hackers drained $953,000 from 48 wallets. The platform pledged to reimburse nine affected traders and said no private keys were accessed or compromised. The incident, which unfolded rapidly, is the latest exploit targeting a crypto trading bot service.

TREE NEWS update: Ethereum developers have fixed a flaw in the Glamsterdam upgrade that could have let operators claim ETH that staking services deposited to launch new validators. Researcher avsetsin found draft rules might credit both deposits to a builder account if an operator registered as a builder with a specific public key and a staking service later used the same key. The fix, merged Monday, sorts pending deposits by withdrawal credentials so validator deposits stay with validators; no losses were reported.

TREE NEWS update: Hyperliquid has listed a perpetual futures contract for XTEN, the platform’s native trading venue announced. The listing adds XTEN to Hyperliquid’s on-chain perpetuals market, giving traders a new leveraged instrument on the decentralized exchange. No further details on contract specifications or launch terms were disclosed.

TREE NEWS update: Osmosis has ended OSMO token inflation, removing an estimated two percentage points of issuance-funded staking APR and shifting staking rewards to protocol revenue. The change also freezes about 51.9 million pre-minted developer tokens.

TREE NEWS update: Akash has opened a governance vote on Prop 346 to migrate its network from Cosmos to Solana, authorizing a one-way AKT token conversion. Staking rewards would end at a later marketplace cutover that requires a separate vote. The proposal is now with AKT holders.

TREE NEWS update: Bitso has added Morpho lending to its app through a product called Bóvedas, moving USDC and peso-pegged MXNB into noncustodial lending vaults. The vaults offer variable returns and carry no deposit insurance. The integration gives Bitso users direct access to Morpho’s on-chain lending markets from within the exchange app.

TREE NEWS update: Akash Network has opened governance proposal 346 to migrate its network from Cosmos sovereign chain akashnet-2 to Solana mainnet, with voting running from Oct. 26 to Nov. 2 (Beijing time) and about 98.29% approval so far. If passed and audits of the token and migration portal are completed in an expected two to three weeks, AKT will launch on Solana as an SPL token in a 1:1 migration retaining its ticker. A one-way migration portal will stay open for two years, and staked AKT must be unbonded over 21 days before migrating; the proposal sets no switchover date.