DeFi Fixed Income Platform Treehouse Finance Completes New Funding Round, with Ethena Founder Guy Young Among Investors

SSV Labs recently submitted the DIP-59 proposal, requesting an extension of network management authorization to June 30, 2027, along with major adjustments to its budget and work scope. The proposal marks SSV’s shift from an expansion strategy to a “maintenance-first” approach amid market and funding pressures. On the technical roadmap, the second half of 2026 will focus on completing the Boole network fork and supporting Ethereum’s ePBS upgrade; the first half of 2027 will enter a pure maintenance period with no new product development. Financially, SSV Labs has scaled back its funding requests: it is seeking 1.5 million USDC for 2026, and 2.7 million SSV tokens (including an option conversion mechanism) for the first half of 2027. The proposal waives certain previously due outstanding funds and requires a $900,000 asset as payment collateral.

California Attorney General Rob Bonta announced on October 16 that his office has reached a $500,000 settlement with Fidelity Digital Assets, National Association, the successor entity to Fidelity Digital Asset Services. The settlement addresses restrictions Fidelity previously imposed on California retail customers transferring cryptocurrency off its platform, which regulators deemed potentially violated California’s 1990 Commodity Law. Under that statute, certain speculative commodity contracts are restricted unless the buyer obtains physical delivery within a set timeframe, and state authorities view the ability to withdraw cryptocurrency as the functional equivalent of such delivery. From November 2022 to April 2025, California customers could trade cryptocurrency on Fidelity’s platform but were barred from sending assets directly to external wallets. Fidelity attributed the restriction to its then-regulator, the New York State Department of Financial Services (NYDFS), failing to grant required approval. The approval was secured in April 2025, and the transfer function was extended to all California retail customers in June 2025.

According to on-chain data analyst @ai_9684xtpa, a whale address (0xdeA…a1d5c) that has been using a loop lending strategy to long ETH since the end of September added 9,000 ETH to its position, successfully bringing its average long cost down to $2,553.31. Currently, the address has deposited 18,500.54 WETH (worth around $45.53 million) as collateral on the Aave protocol, borrowed $25.01 million in stablecoins, and holds a position health factor of 1.51. Since September 29, the address has cumulatively withdrawn 12,549.9 ETH (approximately $32.04 million) from Binance through this approach, with its average entry and average add-to-position price range falling from $2,736.47 to $2,460.

Sonic Labs announced on social media that approximately 13 million S tokens will be transferred over the next 24 to 48 hours under a strategic over-the-counter (OTC) agreement. The transaction counterparty is a long-term partner. The team is disclosing this information in advance to ensure the community clearly understands the rationale behind the on-chain fund transfer when it is observed on the blockchain.

Investment bank and prime broker Rosenblatt Securities analyst Chris Brendler initiated coverage on Robinhood (HOOD) on Oct. 20, assigning a buy rating and $135 price target, which implies roughly 37% upside from the stock’s prior closing price. On the same day, JPMorgan raised its target price from $103 to $115 but maintained a neutral rating. As a result, Robinhood’s shares rose around 4.16% in Oct. 21 trading, closing near $102.29, with market participants focusing on the two firms’ divergence on valuation and growth prospects. Brendler described Robinhood as a “generational growth story” in his report, noting it has evolved from its origins as a commission-free trading app into a comprehensive financial platform covering brokerage, retirement accounts, credit cards, futures, index options and crypto assets, adding the market still underestimates the maturity of this transformation. He cited factors supporting a higher valuation premium than traditional brokerage peers: the core brokerage business continues to gain market share even at scale, the Pattern Day Trading regulatory reform removed key restrictions on high-value active clients, plus accelerated international expansion, deepened product lines, and a relatively fixed operating cost structure. By contrast, JPMorgan’s $115 target price reflects some recognition of recent business momentum, but its neutral rating signals caution on valuation levels and long-term sustainability. Wall Street’s overall consensus rating for Robinhood is “moderate buy” or “buy,” with an average target price in the $130–$135 range. Most analysts are optimistic about its growth potential from platform expansion and product diversification, though some warn of its high volatility and relatively elevated valuation multiples. The rating update comes ahead of Robinhood’s scheduled third-quarter earnings release on Oct. 27.

Pump fun(@Pumpfun) is dumping $SOL again! 8 hours ago, they deposited 129,798 $SOL ($14.07M) into #Kraken. In total, has sold 5,477,722 $SOL($875.5M) at an average price of $159.8.