Flash News

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: 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 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: Postbank, Bulgaria’s fourth-largest bank by assets as of end-June, plans to add stocks, ETFs, crypto assets, commodities and metals to its mobile banking app in early 2027, offered through a partnership with an international investment platform. The move follows First Investment Bank’s announcement that it will offer crypto investing via its app in early 2027 with Austria’s Bitpanda.

TREE NEWS update: Nio sold 111,638 vehicles in China in the third quarter of 2026, co-founder and president Qin Lihong said on October 17, the first time the company’s quarterly deliveries have simultaneously surpassed Mercedes-Benz, BMW and Audi in the market. Qin said the shift toward battery-electric vehicles as the dominant powertrain is accelerating and that Nio will stick to its premium brand strategy.

TREE NEWS reports: Ethereum spot ETFs recorded a net outflow of $69.68 million on October 16, marking a third consecutive day of withdrawals. BlackRock’s ETHA accounted for the entire daily outflow at $69.68 million, while its cumulative net inflows remain $12.494 billion. Total net assets of Ethereum spot ETFs stood at $14.946 billion, with a net asset ratio of 5.07% of Ethereum’s market cap and cumulative net inflows of $12.94 billion.

TREE NEWS reports: US spot bitcoin ETFs recorded a combined net outflow of $82.39 million on October 16. BlackRock’s IBIT posted the largest single-day outflow at $71.78 million, though its cumulative net inflow remains $65.568 billion. Fidelity’s FBTC followed with a $10.61 million outflow, bringing its historical total net inflow to $10.455 billion.

TREE NEWS reports: Douyin E-commerce reported that on October 15, the first day of its 2026 Singles’ Day promotion, the number of merchants whose sales newly surpassed 1 million yuan rose 74% year on year, while merchants with livestream sales above 10 million yuan grew 96%. The count of creators joining the event for the first time and exceeding 1 million yuan in sales rose 30% year on year.

TREE NEWS update: AIVA, a brand under Seres-backed Saidou Technology, has unveiled its first model, the AIVA ME7, in the latest product announcement from China’s Ministry of Industry and Information Technology. The battery-electric vehicle has a wheelbase of more than 3 metres.

TREE NEWS reports: US spot NEAR ETFs drew $2.6062 million in net inflows on Oct. 16, with Bitwise NEAR ETF (NRR) the sole gainer, bringing cumulative inflows to $83.05 million. Spot Zcash ETFs posted $1.2197 million in net outflows, all from Zcash ETF (ZCSH), with cumulative inflows at $163 million. NEAR ETF net assets stand at $82.36 million; ZEC ETF net assets at $625 million.

TREE NEWS reports: US stocks closed lower, with the Dow down 0.34%, the S&P 500 down 1.09% and the Nasdaq down 2.14%, while the VIX rose 21.45%. AI-linked shares led the decline: CoreWeave fell 11.91%, Twilio 10.62%, Super Micro 9.86%, Tempus AI 9.01% and Snowflake 8.43%. The data was sourced from MSX, an RWA trading platform that has listed hundreds of RWA tokens covering US equities and ETFs including Nvidia, GOOGL, MSFT, AMZN, META, TSM and AMD.

TREE NEWS update: Nvidia CEO Jensen Huang said at an event in Berlin that the current turmoil in the AI market will eventually pass and that artificial intelligence will have a profound impact on industries and the global economy, with the industry still in its early stages. Addressing the recent sell-off in AI chip and infrastructure stocks and concerns over rising financing costs and the sustainability of AI capital expenditure, Huang said short-term market moves do not change the industry’s long-term fundamentals and that large-scale hardware investment will ultimately pay off.

TREE NEWS reports: TD Cowen analysts Lance Vitanza and Jonnathan Navarrete raised their price target on bitcoin treasury company Strive (ASST) to $56 from $44 on Friday, citing purchases that exceeded prior full-quarter forecasts. Strive’s bitcoin holdings rose to 35,595 from 28,000 at the end of September, worth about $2.9 billion and ranking fourth among listed companies. Strive also plans to expand its SATS preferred stock offering to 7 million shares at $90 each, targeting $630 million by Oct. 20.

TREE NEWS reports: Prediction market traders pushed the probability of a Tesla-SpaceX merger to above 50% for early 2027 after Barclays published a report Wednesday outlining a possible combination of the two companies. As of Friday morning ET, the odds of integration by March jumped to 56% from 29%, with April and May contracts rising to similar levels. The contract, “When will Tesla and SpaceX merge?”, will be verified via news media and the SEC’s EDGAR database.

TREE NEWS reports: The CDX high yield index fell 0.4 points to 105.84, with cash spreads widening 7.4 basis points to 362.9 basis points. Technology and communications were the worst-performing sectors, widening 13.8 and 11.8 basis points respectively, while senior financial debt tightened 5.8 basis points. Volume across CDX high yield series totaled $14.3 billion.

TREE NEWS reports: The CDX investment-grade index spread widened 1.8 basis points to 62.3 basis points, with technology the worst-performing sector at +3.0bp. Cash spreads also widened 1.8bp to 120.0bp. D.R. Horton and DXC Technology contracts performed best while Oracle and Netflix lagged, with CDX IG series volume at $53.2 billion.

TREE NEWS update: Apple said demand for its iPhone Duo is “absolutely phenomenal” as it works to deliver devices to consumers, and that it will continue accepting online orders. The company gave no figures for the device’s sales or shipment volumes.

TREE NEWS reports: Short sellers betting against semiconductor stocks have booked an estimated $32 billion in paper gains over the past seven days, as the Philadelphia Semiconductor Index fell more than 12%. The SOX benchmark declined for an eighth consecutive session on Friday, matching its longest losing streak since 2006. Semiconductors had been among the strongest performers in the U.S. equity market for most of the past year.

TREE NEWS update: Amazon Web Services’ chief financial officer said the spending boom in AI infrastructure and services is sustainable because it is generating innovation of real value. Some investors and analysts have begun to worry about an AI bubble, pointing to swelling debt, corporate valuations, circular financing deals and whether revenue growth can keep pace with the massive infrastructure buildout.