Flash News

TREE NEWS update: A crypto trade group cautioned regulators that extending KYC requirements to peer-to-peer wallet transfers under the GENIUS Act would ‘cripple the industry.’ The warning comes as implementation of the stablecoin law begins.

TREE NEWS update: LayerZero has launched ATLAS, a headless exchange engine that routes 75% of post-venue trading fees into ZRO buybacks and burns, while paying trading venues rebates of up to 65%. This aims to align incentives and increase ZRO utility.

TREE NEWS reports: Metaplanet’s CEO has denied rumors of selling its Bitcoin holdings and reaffirmed a bullish stance on the cryptocurrency. The company remains committed to its Bitcoin accumulation strategy despite market fluctuations.

TREE NEWS reports: A wallet’s purchase of yield tokens in a $9 million Pendle pool dropped the principal token price by 2.8%, triggering liquidations of looped positions on a Morpho market with $52 million in borrows. No bad debt was incurred.

TREE NEWS reports: Lisk blockchain has announced it will cease operations, providing users an optional migration path to the Celo network. The move marks a significant consolidation in the Layer-1 landscape as Lisk winds down its infrastructure.

TREE NEWS reports: Galaxy has introduced a revolving credit facility backed by crypto assets, accepting BTC, ETH, and SOL as collateral. This move expands crypto-native lending options for institutional clients.

TREE NEWS update: The Human Rights Foundation has distributed 60 million sats (approximately $60,000) in Bitcoin grants to 16 projects supporting human rights and digital freedom. This initiative highlights the use of Bitcoin as a tool for financial inclusion and censorship resistance.

TREE NEWS update: Nikita Bier, who left X on Aug. 5, suggests that trading buttons are coming to the platform. However, no X corporate account has ever announced such a feature, and Bier previously stated in February that X is not handling trade execution.

TREE NEWS reports: SpaceX has moved up the launch of its first AI satellites to Q4 2027, earlier than previously planned. The announcement boosted its stock by nearly 3%.

TREE NEWS update: Coinbase has submitted a response to the CFTC and SEC regarding the definition of perpetual derivatives. The move aims to clarify regulatory treatment of these products, potentially impacting the broader crypto derivatives market.

TREE NEWS update: The Human Rights Foundation has announced 500 million satoshis in new grants through its Bitcoin Development Fund to support 16 projects worldwide. The initiative aims to promote Bitcoin adoption and freedom technology globally.

TREE NEWS update: Arcus, developed by dYdX Labs, has introduced leveraged tokens on Robinhood Chain that wrap perpetual positions into transferable ERC-20s, providing fixed-leverage exposure to assets like bitcoin and Robinhood stock without active position management. This innovation bridges traditional equities and crypto in a DeFi context.

TREE NEWS update: DGAI, the token of DGrid’s decentralized AI inference network, surged 93% on its first trading day as the network went live. DGrid also introduced hardware for its personal AI agent, expanding its distributed AI infrastructure.

TREE NEWS update: Mantle Vault is extending its services from centralized finance (CeFi) to decentralized finance (DeFi) by introducing a non-custodial yield vault designed for stablecoin holders. This move aims to provide users with a secure way to earn yields while maintaining control over their assets.

TREE NEWS reports: Bitcoin struggled to hold the $80,000 level as gold retreated from its highest since mid-May, pressured by declining US bond yields. The pullback in both assets reflects a broader market adjustment to changing yield dynamics.

TREE NEWS reports: Bitcoin surged past $81,000, its highest level since January, sparking debate over whether the ‘debasement trade’ is back. The move comes amid macroeconomic uncertainty and renewed interest in Bitcoin as a hedge against currency debasement.

TREE NEWS reports: Japheth Dillman, founder of Block Bits Capital, was convicted of fraud for misleading investors about the functionality of its ‘Autotrader’ software, which was not operational. He raised nearly $1 million from victims.

TREE NEWS reports: Data shows that BlackRock’s clients have purchased $200 million worth of Bitcoin. This significant investment by the world’s largest asset manager underscores growing institutional adoption of cryptocurrency.