Flash News

TREE NEWS update: A lawsuit alleges that Radiant World sent forged Glencore contracts to lenders. The claim was made in legal filings, suggesting the company used fabricated documents in financing arrangements. Further details were not immediately available.

TREE NEWS update: Accelink Technologies announced on September 3 that it will unveil the world’s first fully self-developed distributed acoustic sensing (DAS) module in a compact pluggable CFP2 package at CIOE 2026. The low-power, highly integrated product, paired with a proprietary data acquisition board, quickly adapts to existing rack architectures for easy deployment.

TREE NEWS reports: Arthur Hayes, BitMEX co-founder, predicts EURJPY will fall from 185 to 140 or lower by June, citing U.S. Treasury Secretary Bessent’s strategy to sell euros and buy yen. Hayes argues this will trigger a sharp expansion in dollar liquidity as French bank stress forces Federal Reserve RMP purchases, potentially restarting the crypto bull market. He remains long bitcoin, ether, Ethena, and Ether.fi.

TREE NEWS update: A Michigan judge has ordered Kalshi to stop offering sports event contracts in the state, labeling the platform a sports betting operation “masquerading as an investment opportunity.” The court threatens fines of up to $500,000 per day for non-compliance. Kalshi, a federally regulated prediction market, has not yet commented on the ruling.

TREE NEWS update: WeChat PR director @微信粥姨 responded to user interest in the ‘view single unfollowing friends when over 10,000 contacts’ feature, clarifying it is not designed to identify who deleted you, but to help users overwhelmed by contact limits manage their relationships. The statement was made in a post on the platform.

TREE NEWS reports: Predict.fun shows a 75% probability that DK defeats BFX in today’s LCK playoff lower bracket match. The best-of-five series starts at 4 PM, with the winner facing KT tomorrow and the loser eliminated from the season. DK was swept 0-3 by KT in the first round, while BFX lost 2-3 to T1 in a five-game thriller.

TREE NEWS update: Prediction market Kalshi plans to file with the CFTC as early as next week for a never-expiring futures contract on West Texas Intermediate crude, a source told Reuters. The 24/5 perpetual contract would allow continuous trading on oil prices without expiry dates.

TREE NEWS update: The CFTC asked a Washington federal court to dismiss CME’s lawsuit over Kalshi’s bitcoin perpetual futures, arguing CME lacks standing to claim competitive injury because nothing prevents it from listing such products itself. The regulator’s motion challenges CME’s assertion of harm from Kalshi’s rival offering.

TREE NEWS update: Payward, the parent company of crypto exchange Kraken, now plans to list its shares on the stock market by mid-2027. The listing will not occur before the second quarter of 2027, extending a delay that began in March.

TREE NEWS update: New Jersey’s attorney general filed the first certiorari petition over Kalshi’s sports contracts, asking the Supreme Court to resolve a split between two federal appeals courts on whether states can regulate sports event contracts. The petition marks a significant step in the ongoing legal battle over prediction markets and state regulatory authority.

TREE NEWS update: Australia’s ASIC warned that crypto companies relying on temporary regulatory relief must apply for an Australian financial services license or amend an existing one by September 30, or face fines up to 10% of annual turnover. Firms requiring market or clearing and settlement licenses must also notify the regulator and attend pre-application meetings. From October 1, non-compliant firms may breach financial services laws and face civil and criminal penalties. ASIC has recorded over 45 digital asset-related license applications since updating guidance in October 2025.

TREE NEWS update: Montage Technology said in an investor relations filing that it began trial production of its CXL 3.2 MXC chip in July, the industry’s first, and has successfully integrated it into Samsung and SK Hynix’s next-generation CXL products. The company expects 2027 to mark the first year of large-scale CXL commercialization. Its PCIe Switch chip is slated to complete engineering sample tape-out within the year.

TREE NEWS update: ASIC has recorded over 45 digital asset-related license applications as its temporary enforcement relief nears Sept. 30 expiration. The regulator warns unlicensed crypto firms of fines up to 10% of annual turnover, signaling stricter oversight ahead.

TREE NEWS reports: Trader BonkGuy (Unipcs) said on Sept 3 that MARSCOIN reminds him of SAFEMOON on BNB Chain in 2021, which once reached a $17B market cap, but MARSCOIN has a stronger narrative combining Musk, CZ, Mars, and SpaceX. He noted MARSCOIN holders earn SPCXB rewards linked to SpaceX-tokenized assets. Data shows he holds about 24.9M MARSCOIN worth $2.51M, with unrealized gains of $1.55M.

TREE NEWS reports: Ether ETFs saw $48 million in outflows on Wednesday, ending a 12-day streak that had attracted $1.62 billion. XRP funds also halted an 11-session inflow run. Meanwhile, Bitcoin funds rebounded, though specific figures were not provided.

TREE NEWS reports: Bitcoin broke above 78,000 USDT on OKX, trading at 78,009.7 USDT, a 0.49% increase over 24 hours. The move marks the latest price action for the largest cryptocurrency as it continues to hover near recent highs.

TREE NEWS update: Upbit Singapore will list USDG (Global Dollar), a Solana-based stablecoin issued by Paxos, on its USDT market at 15:00 SGT on September 4. For the first five minutes after listing, sell orders will be restricted, and sell orders below 10% of the reference price will be rejected. USDG is pegged 1:1 to the US dollar.

TREE NEWS update: Guoke Photonics (Haining) Technology Co., Ltd. announced the completion of a Series B+ financing round of hundreds of millions of yuan. The round was led by Sichuan Science and Technology Innovation Investment Group, with participation from Hangzhou Caitai Capital and Shandong Science and Technology Innovation Group. Proceeds will fund development of next-gen silicon photonics products, expansion of its data communications subsidiary, and overseas delivery centers.