Flash News

TREE NEWS reports: Shipyard is winding down its work on the InterPlanetary File System (IPFS) after Protocol Labs terminated funding, leaving the software without dedicated maintainers. The future of key public IPFS services now rests with Protocol Labs.

TREE NEWS update: Arthur Hayes announced that the testnet faucet will be accessed via DID keys, and the FLOP airdrop will depend on testnet activity. This move aims to ensure fair distribution and enhance user engagement.

TREE NEWS update: CryptoQuant reports that Binance’s XRP leverage ratio has surged to a seven-month high, indicating increased speculative activity. The rise suggests traders are taking on more risk, potentially signaling heightened volatility ahead.

TREE NEWS reports: Thailand’s Securities and Exchange Commission has published a draft regulation for Bitcoin and Ethereum exchange-traded funds (ETFs) for public consultation. The move signals a potential step toward approving crypto ETFs in the country, aligning with global trends.

TREE NEWS reports: Hyperliquid has introduced trailing stop orders on its testnet, enhancing its trading features. This update aims to improve risk management for traders on the platform.

TREE NEWS reports: The US Treasury has established a Quantum Readiness Working Group to address risks posed by quantum computing to digital assets and emerging technologies. The initiative focuses on safeguarding financial infrastructure against future quantum threats.

TREE NEWS reports: A former X product lead revealed that the social media platform X is planning to introduce a cryptocurrency trading button feature. This move would integrate crypto trading directly into the platform, potentially expanding its user base’s access to digital assets.

TREE NEWS update: The Robinhood Chain ecosystem token DTF briefly surpassed a $5 million market cap, surging over 97 times in a day. This rapid price movement highlights speculative activity in the crypto market.

TREE NEWS update: Bitcoin’s weekly RSI shows bullish divergence, drawing comparisons to the 2022 bottom, suggesting the macro downtrend may be ending. Analysts weigh the potential for a new price trend.

TREE NEWS reports: A Las Vegas man, Brent Kovar, was convicted by a jury for orchestrating a $24 million Ponzi scheme that defrauded at least 400 investors. Kovar falsely claimed that his supercomputer was mining cryptocurrency for investors and that their funds were FDIC-insured.

TREE NEWS update: The US Treasury has designated digital assets as one of five sectors in a new sanctions campaign targeting Iran, dubbed ‘Economic D-Day.’ This move allows the US to sanction any individual or entity operating in Iran’s crypto sector, alongside technology, gold, aviation, and shipping.

TREE NEWS reports: Thailand’s SEC has opened consultations on local Bitcoin and Ether ETF rules and qualification standards for foreign digital asset custodians, signaling a step toward approving crypto ETFs. The move aligns with broader regional interest in crypto investment products.

TREE NEWS update: Strategy raised $2 billion by selling common stock during a record week for bitcoin, but did not purchase any bitcoin. Instead, the company allocated the proceeds to cash, buybacks, and reserves, creating a new $1.59 billion cash pool.

TREE NEWS reports: Crypto whale Jason predicts Bitcoin has further upside above $80,000, with $100,000 potentially arriving sooner than expected. The statement reflects bullish sentiment amid market dynamics.

TREE NEWS reports: OFAC has declared digital assets a sanctionable sector of Iran’s economy under the ‘Economic D-Day’ campaign, meaning any firm worldwide handling significant transactions for Iranian crypto businesses risks losing dollar access. This move escalates US pressure on Iran’s crypto industry.

TREE NEWS update: HyperEVM’s gas fees spiked to over $10 per transaction amid a meme coin frenzy, driven by HYPE’s all-time high of $83.27. Key projects like EGG and CHAMELEON saw massive rallies but have since corrected, while infrastructure like Motion, Kinetiq, HyperLend, and Project X show promise. The ecosystem’s long-term viability depends on user retention and real adoption beyond the meme hype.

TREE NEWS update: Bitcoin’s price surged past $81,000, its highest level since May, driven by the U.S. Treasury’s bond buyback plan and a weaker dollar. The move is attributed to macroeconomic factors rather than crypto-specific developments, reviving the ‘debasement trade’ narrative.

TREE NEWS update: Pudgy Penguins CEO Luca Netz hinted at a potential public listing, sparking a rally in the PENGU token, which surged over 66% in the past week. The announcement has fueled speculation about the company’s future plans and its impact on the NFT and crypto markets.