Flash News

TREE NEWS update: Bitget’s September 24, 2026 breach saw losses revised from roughly $351.6 million to $387.5 million after abnormal transfers from hot and warm wallets. TRM Labs found the laundering path overlaps with prior North Korea-linked attacks including Bybit and AFX Bridge, and Elliptic assesses a North Korea link as “highly likely.” Including the Bitget incident, cumulative North Korea-related crypto thefts now approach $7.8 billion.

TREE NEWS update: China’s Finance Minister Lan Fo’an said the government will implement a more proactive fiscal policy with greater precision, including issuing 300 billion yuan in special treasury bonds to replenish the core tier-one capital of central financial enterprises. In an article in Qiushi, Lan said spending will be accelerated and ultra-long special treasury bonds and local government special bonds will be deployed to support the “Two Major” construction projects, while fiscal-financial coordination policies will be expanded to boost consumption and private investment.

TREE NEWS update: The Commodity Futures Trading Commission is seeking to define event contracts as swaps, a classification that could support its claim of exclusive federal jurisdiction over event contracts offered on regulated prediction markets. The move comes amid an ongoing fight over prediction market oversight.

TREE NEWS update: Wuhan’s housing, natural resources and local financial regulators issued implementation rules for a national notice on reforming commodity housing sales. Developers that sign a land transfer contract and obtain a pre-registration certificate for the parcel can first secure planning and construction permits; projects paying land fees on schedule may apply for pre-sale permits for the corresponding portion, with pre-registration of the land mortgage allowed under closed fund management.

TREE NEWS reports: Hunter Biden said the crypto market-structure Clarity Act failed because the Trump administration refused to compromise on ethics laws as they applied to Trump’s family personally. Speaking on Unchained, he predicted the bill faces a hard road over the next two years.

TREE NEWS update: Minneapolis Fed President Neel Kashkari said the Federal Reserve’s currency swap lines are a monetary policy implementation tool, and that he has not learned of any reconsideration of the swap facilities. The remarks address the status of the central bank liquidity backstops used to supply dollar funding to other central banks.

TREE NEWS reports: Bitwise chief investment officer Matt Hougan said the failure of the Clarity Act left crypto with fewer restrictions and faster action from the SEC. Hougan argued the legislative defeat produced quicker regulatory wins for the industry than the bill would have delivered.

TREE NEWS update: US prosecutors said their antitrust case concerning Paramount Skydance and Warner Bros. Discovery (PSKY-WBD) will not be delayed. The statement addresses the timing of the government’s antitrust action involving the two companies. No further details were provided.

TREE NEWS update: The U.S. Treasury’s Office of Foreign Assets Control sanctioned a Tren de Aragua ATM network and designated seven Tron addresses, Chainalysis said. The wallets’ counterparties had exposure to laundering networks used by Mexican and Colombian cartels and Venezuelan launderers, the firm said. The designations freeze any U.S.-linked assets tied to the listed addresses.

TREE NEWS update: US President Donald Trump said Federal Reserve Chair Kevin Warsh will act according to his own judgment. Trump’s comment addresses how the central bank chief will make policy decisions. It follows repeated past criticism by Trump of the Fed and its leadership over interest-rate policy.

TREE NEWS update: The CFTC secured a judgment exceeding $30 million against defendants in the Fundsz fraud case, the agency said. Two defendants were found to have participated in a crypto scheme and then attempted to walk back their involvement.

TREE NEWS update: A Coinbase-backed crypto advocacy group issued its first Senate endorsements, backing Republicans Jon Husted and Ashley Hinson and Democrat Chris Pappas. The endorsements come two weeks after the collapse of the Clarity Act, as the industry’s legislative fight shifts to the campaign trail.

TREE NEWS update: White House AI adviser David Sacks said artificial intelligence companies have agreed to accept external audits, adding that new legislation is not necessary to move forward. No further details on the scope, timing or which companies are involved were provided.

TREE NEWS update: US Senator Steve Daines formally introduced the 56-page ADAPT Act, setting tax rules for stablecoin payments, network fees, staking and lending, and extending wash-sale and constructive-sale rules to digital assets. Payments in compliant dollar stablecoins for goods and services would generally not require gain or loss recognition, with qualifying consumer transactions exempt from broker information reporting. Most provisions apply to tax years or transactions after December 31, 2026.

TREE NEWS update: The US government’s AI chatbot America.gov, launched September 29 as a unified federal digital gateway drawing on some 29,000 government websites, does not cover some recent crypto legislation and presents digital-asset guidance the SEC has already withdrawn, including on bitcoin reserves, crypto regulation and tax filing. Built with Google’s Gemini as technology partner and Grok also involved, it offers tax forms, scam reporting and security tips, and its FAQ warns AI can err and users should check each reply’s cited sources.

TREE NEWS update: US President Donald Trump said Jerome Powell, who has already stepped down as Federal Reserve chair, should be forced to resign from the Fed’s Board of Governors. Trump also said he has asked the Attorney General to look into reports concerning the Federal Reserve. Powell’s status on the board and the scope of the requested review were not detailed.

TREE NEWS update: US Senator Steve Daines introduced the ADAPT Act, a crypto tax bill that would exempt qualifying stablecoin purchases and crypto-paid transaction costs of $10 or less from gain-or-loss recognition. The measure would simultaneously restrict loss harvesting through wash-sale rules. The bill pairs payment relief with tighter treatment of crypto tax losses.

TREE NEWS update: The UK Financial Conduct Authority has opened its crypto authorization window, allowing existing firms that apply by Feb. 28, 2027 to keep taking on new business while their applications are still pending when the new regime starts on Oct. 25. The FCA’s regime is set to take effect on Oct. 25, 2027.

TREE NEWS update: A crypto advocacy group announced its endorsements for US House and Senate races as midterm elections approach. The picks came as many polls showed Democrats favored to regain control of both chambers in 2027. The organization did not disclose the names of the endorsed candidates in the material provided.

TREE NEWS reports: OpenAI CEO Sam Altman and other company executives declined to appear at a congressional hearing held today on “runaway artificial intelligence” and national security. Republican Senator Josh Hawley disclosed the refusal, citing the report, and shared the article on X. No reason was given for the executives’ absence.