Flash News

TREE NEWS update: Arthur Hayes said the quantum computing threat to crypto is a known and manageable risk and does not justify selling bitcoin, pointing to wallet management as the practical defense. He cited avoiding address reuse and using newer signature types, noting most of the risk is concentrated among users who mismanage their addresses.

TREE NEWS reports: Robinhood’s platform client assets surpassed $350 billion in the second quarter, CEO Vlad Tenev said while reviewing the company’s post-IPO transformation. Tenev attributed the return to growth to business diversification. The figure marks a new high for the retail brokerage’s asset base.

TREE NEWS reports: Stolen funds tied to the Cryptobills Ledger incident and a $12 million Triple-A hack are now flowing into Zcash (ZEC), on-chain sleuth Specter has flagged, following ZachXBT’s disclosure that Bitget attackers used ZEC to obscure stolen assets. Threat actors are increasingly using ZEC to move illicit funds, the monitoring shows.

TREE NEWS reports: Arthur Hayes said on October 16 on the Convergence program that OpenAI, Anthropic and SpaceX are unprofitable, with AI model companies relying on debt and equity financing and implicit U.S. government support. The Nasdaq 100 fell 2.5% and chip stocks dropped for an eighth straight session, the longest losing streak since 2008. With bitcoin near $81,400 on October 17, Hayes argued the bigger the AI bubble, the larger the eventual bailout and the higher bitcoin goes.

TREE NEWS reports: Circle is looking to enter 40 developing markets, CEO Jeremy Allaire said, as demand for stablecoins rises across Southeast Asia, Latin America, Africa and the Middle East. The stablecoin issuer’s planned expansion targets regions where local currency volatility and limited dollar access are driving adoption of dollar-pegged tokens.

TREE NEWS reports: Fundstrat co-founder Tom Lee said crypto, chip stocks and AI cloud computing companies have all retraced to support levels, calling them “coiled springs” if fundamentals hold, in a CNBC interview clip posted on Oct. 17. Lee argued the assets offer an attractive risk-reward ratio when fundamentals remain intact while market panic rises.

TREE NEWS update: Newly filed court documents disclose that Telegram provided user data to U.S. authorities under a court order, including a letter from the company listing a specific user’s phone number, user ID and IP address. The filing offers a concrete example of Telegram complying with a legal demand for account information.

TREE NEWS reports: Uniswap’s UNI token is in a distribution phase as exchange inflows reach their highest level this year, with Binance UNI inflows peaking and Z-scores exceeding 4 multiple times in late September, including single-day inflows above $40 million, analyst Darkfost said. UNI’s TVL hit a yearly high above $4 billion in September and DEX volume peaked at $93.6 billion, with the price up as much as 370% from its June low. If inflows keep declining, UNI may bottom out and end its over-30% correction from the recent high of $10.9.

TREE NEWS update: Strive priced a $630 million offering of its SATS preferred stock at $90 per share. The $100 dividend base implies a 16.7% simple annual yield at the offer price, above SATA’s initial 15%. The offering is tied to the company’s bitcoin-linked preferred equity.

TREE NEWS reports: Ether ETFs shed $320 million in outflows, surpassing bitcoin funds’ withdrawals for the week, as five crypto ETF groups tracked by Farside lost a combined $610.7 million during Oct. 12–16. Bitcoin outflows slowed 66% from the preceding week, leaving ether products as the main source of redemptions.

TREE NEWS update: Aiden Pleterski, who calls himself Canada’s “Crypto King,” is on trial at Ontario Superior Court, where a senior forensic accountant for the Ontario Securities Commission testified that investors put $36.3 million into his operation between 2020 and 2022 and he spent nearly half on personal expenses. Those included about $5.6 million on luxury cars, $4.9 million in credit card bills, $870,000 on travel and private jets, and nearly $3.7 million transferred to his parents, while paying investors about $16.1 million as “returns.”

TREE NEWS update: D-Wallet has launched a Guardian Signature feature that adds a dedicated guardian-rights channel on top of multi-signature security, the crypto wallet said on October 17. Users can create a guardian signature alongside a multi-sig setup and, using their rights, retrieve assets in one click to a designated guardian address. The feature aims to reconcile self-custody security with flexible asset access within the same account.

TREE NEWS reports: Strategy shares slid 9.6% following MSCI’s decision, a steeper decline than bitcoin’s own drop. The company’s disclosed bitcoin holdings remained about $5.1 billion above cost. MSCI’s final affected-company list is due Nov. 11.

TREE NEWS update: Bitget said it will discontinue services for some users in a one-off exercise, with user funds confirmed safe and the exchange continuing to operate during the change. The crypto exchange did not specify which users are affected or a timeline for the action.

TREE NEWS reports: Only 4.4% of bitcoin held for 6-12 months flowed to exchanges over the past 30 days, down from 40.4% in mid-June, analyst IT Tech said. These coins were mainly bought near or after the 2025 top. Monthly movement stayed between 144,000 and 216,500 BTC, but the share sent to exchanges fell to 30.9% in mid-July, 9.8% in mid-August, 9.8% in mid-September and 4.4% in mid-October, suggesting high-level buyers have largely stopped selling.

TREE NEWS update: Ethereum co-founder Vitalik Buterin said Bitcoin mining costs are split roughly evenly between computing hardware capital expenditure and electricity, while AI inference costs are almost entirely driven by computing hardware capital expenditure. He made the comparison in a post published on October 17.

TREE NEWS update: Changpeng Zhao said his recent deletion of a large number of old crypto-related retweets was part of testing an AI tool and cleaning up old reposts. CZ emphasized that he has not deleted any original content and urged the public not to over-interpret the move.

TREE NEWS reports: Celestia’s TIA token climbed 23% in a single day, extending a rally that has now run for four weeks. Daily transaction fees on the network rose to $158, while data posted to Celestia declined on the latest complete day.