Flash News

TREE NEWS reports: A Lido engineer has warned that a staking deposit hijack is possible under Ethereum’s planned Glamsterdam upgrade, after a related consensus-specs issue was closed as “not planned.” The author of the issue points to pre-deposit checks as a defense against the attack vector. No exploit or loss was reported.

TREE NEWS update: Strive spent about $330 million to buy 4,045 bitcoin at $81,734, bringing its holdings to roughly 36,818 BTC, the company said on October 19. Listed non-mining companies bought a net $360 million of bitcoin last week, up 1,500% from two weeks earlier. Strategy added 267 BTC at $82,900, and Bitmine now holds 6.0415 million ETH, or 4.9% of supply.

TREE NEWS update: Elon Musk said he will give one share of his SpaceX stock to each of the roughly 70 million children in the United States next year, worth just over $10 billion at the Oct. 19 closing price of $147.96. He framed the pledge alongside a broader push toward universal basic income, a direction also taken by OpenAI’s Sam Altman through World’s WLD token distributions and by Anthropic, which placed 5% of its shares into a public benefit fund.

TREE NEWS update: Modular blockchain project Sophon will permanently shut down its mainnet on Nov. 30, with users required to withdraw assets by Nov. 25. The project, which raised more than $70 million including a $10 million round in March 2024 and $60 million via node sales in May 2024, had already announced in June that it would close its Layer 2 network and migrate to Base to focus on consumer applications. Sophon’s TVL has fallen from a peak of about $20.1 million in May 2025 to roughly $16,500.

TREE NEWS reports: Several Chinese banks have launched promotional offers waiving or cutting fees on their gold accumulation accounts, with some dropping the charge to zero, as international gold prices trade back at $4,100–$4,200 an ounce. The fee promotions are aimed at attracting retail savers into the banks’ regular gold purchase products during the price rebound.

TREE NEWS reports: BlackRock’s IBIT bitcoin ETF attracted a $665 million inflow, its largest since October 2025. Presto Research associate researcher Min Jung said investors could be positioning for a potential ‘catch-up trade’ in bitcoin.

TREE NEWS update: PaperTrade, a synthetic perpetuals platform, announced its PAPER token will remain non-transferable with no timetable for open transfers or secondary trading, citing attackers who would short PAPER and manipulate prices to drain its pools. Paragon and Aster halted PAPER pre-market perpetuals and Hyperliquid settled all open positions at $0.026296. BTC open interest on PaperTrade fell 41% to $230 million and ETH fell 55% to $66.3 million after the announcement, with TVL down about 7% to $58.3 million.

TREE NEWS update: Gate’s security team and Web3 security firm GoPlus Security said in the third installment of Gate’s ‘Gate Security Course’ that a one-time audit is a snapshot that begins to expire on delivery, as contracts upgrade, permissions change and new attack methods emerge. GoPlus partner Adam cited automated tooling that can surface deep flaws in long-live contracts within minutes, and said projects need full-lifecycle security rather than a single report. Gate said it conducts periodic audits of listed projects and offers a security score plus an account protection plan covering up to $200,000 per incident.

TREE NEWS reports: Coinbase’s x402 payment protocol recorded about 138.5 million transactions on the Base blockchain by the end of Q3 2026, up from 58,800 in Q3 2025. 15. The surge comes as crypto networks and payment teams build infrastructure for AI agents to pay for services on-chain, with Pharos Network outlining an Agent Native roadmap that targets end-to-end agent workflows by 2028.

TREE NEWS reports: US spot Bitcoin ETFs attracted $527 million in net inflows, the largest showing since September. BlackRock’s IBIT led with $665.2 million in inflows, offsetting withdrawals from Fidelity and Grayscale funds, while other funds recorded no net flows.

TREE NEWS update: Sophon has set Nov. 25 as the deadline for users to withdraw funds before it shuts down its standalone blockchain. In June, the project’s developers said the cost of maintaining the chain no longer justified its benefits and announced plans to focus on consumer finance and AI applications on Base.

TREE NEWS update: Aerodrome and Velodrome merged into Aero on Oct. 22, halting emissions on both protocols and launching the combined token across seven chains including Base, Ethereum mainnet, OP Mainnet, Arbitrum and Robinhood Chain. Old AERO converts 1:1 to new AERO, while 1 VELO converts to 0.044 new AERO, with Aerodrome holders receiving about 94.5% of the new supply. The launch replaces weekly ve(3,3) voting with Predictive Allocation and ties emissions to protocol revenue.

TREE NEWS update: The Blockchain Association filed comments on the U.S. Treasury’s proposed rule implementing the GENIUS Act, which governs who may issue and sell payment stablecoins. The group said the rollout needs clearer rules for DeFi and foreign stablecoin issuers. The filing responds to Treasury’s proposed rulemaking under the stablecoin law.

TREE NEWS update: Ramp has applied to the Office of the Comptroller of the Currency for a trust bank charter to provide digital asset custody. The proposed bank would not take deposits or make commercial loans, and Ramp said it would build products alongside its banking partners. The filing marks the latest push by a crypto firm to secure a national trust charter.

TREE NEWS update: CATL and Chery Automobile have jointly established CATL Chery (Wuhu) New Energy Technology Co., Ltd., with registered capital of 1 billion yuan. The new company’s business scope covers battery manufacturing, battery component production and sales, and energy storage technology services. Equity penetration data shows the venture is co-owned by CATL and Chery.

TREE NEWS update: Paragon suspended PAPER trading and settled all open positions at $0.026296, with the halt taking effect at 06:31:15 Beijing time. The platform acted after Papertrade said it no longer plans to open PAPER transfers, removing the spot price basis the pre-listing perpetual contract needed to converge toward. Settlement used the time-weighted average of oracle prices over the hour before the halt; all orders were cancelled and margin released, requiring no action from traders.

TREE NEWS update: Aster is set to delist its PAPER perpetual contract after Papertrade ruled out token transfers for now. Paragon had already halted its PAPER market and settled all open positions at $0.026296. The transferability decision removes the basis for the perpetual market, prompting the delisting.

TREE NEWS update: Papertrade founder Jez said the team set its PAPER token to non-transferable after perpetual futures markets arrived faster than expected, exposing unresolved attack risks the protocol had not yet mitigated. Jez said the team had assumed large perp markets were about six months away, forcing a decision before a fix was found. He argued PAPER represents a claim on protocol revenue and its value depends on Papertrade attracting traders, not on free trading.

TREE NEWS reports: A single address is holding more than $24 million in long oil positions on Hyperliquid, ranking first in CL contracts and fourth in BRENTOIL. The CL position totals 149,000 contracts worth $14.73 million at an average entry of $98.14, with unrealized gains of $109,000. The BRENTOIL position is 93,000 contracts worth $9.98 million at an average entry of $106, showing $48,000 in unrealized profit.