TREE NEWS update: Federal Reserve Vice Chair Michelle Bowman said the benefits of further tightening “must be carefully weighed against its costs” given recent market developments, striking a cautious note on the same day that officials Waller and Logan opened the door to faster rate hikes following the release of US CPI inflation data. In her remarks, Bowman cited the interconnectedness of the AI financing ecosystem, including “the emergence of circular financing phenomena.”
TREE NEWS update: German Chancellor Friedrich Merz said on the 10th that the EU must fully integrate its support for Ukraine into the EU budget, arguing the issue should be central to negotiations on the bloc’s next multi-year budget. Speaking after talks with Hungarian Prime Minister Viktor Orbán, Merz said the talks are entering a critical phase and that financial support for Kyiv must not be relaxed because it concerns Europe’s collective security. He acknowledged at least four member states disagree.
TREE NEWS update: Forward Industries has grown its SOL treasury to 8.7 million tokens and added a $50 million credit line plus a housing-linked investment to support further accumulation, as the token trades near a three-month low. The company did not disclose the size of the housing-linked investment or the terms of the credit facility.
TREE NEWS update: Binance has begun refusing outbound transfers involving MEXC and screening inbound ones, four weeks before a FinCEN ban on transfers involving the exchange takes effect for U.S. financial institutions on Dec. 10. The U.S. Treasury’s FinCEN rule binds American institutions from that date, but Binance is already applying the restrictions.
TREE NEWS reports: US crude oil inventories fell by 9.8 million barrels last week, the American Petroleum Institute said, a sharp acceleration from a 5.267 million-barrel draw the prior week. The API data, released ahead of official government figures, points to a steep tightening in weekly US crude stockpiles.
TREE NEWS reports: The MSCI Emerging Markets stock index rose 1.6% on the session, while the emerging-market foreign-exchange index edged up 0.05%. The two gauges moved in the same direction, with equities posting the larger gain.
TREE NEWS update: The U.S. Commodity Futures Trading Commission has warned Kalshi that the derivatives regulator may file a lawsuit against the prediction-market platform imminently. The warning signals a potential enforcement action against Kalshi, which offers event contracts regulated as derivatives. No further details on the timing or scope of a possible suit were provided.
TREE NEWS update: US Senate Republican leader John Thune said the chamber may extend its session and add voting days to finish its work on a strong note. The remarks point to a possible schedule change as Senate Republicans look to wrap up legislative business. No specific dates or bills were named.
TREE NEWS reports: Trump Media & Technology Group, the parent of Truth Social, reported $409.7 million in quarterly income, largely driven by its cryptocurrency investments. The company’s stock, however, remains more than 94% below its March 2024 peak.
TREE NEWS reports: Crypto custodians are moving into a US derivatives settlement market that handles billions of dollars daily, but regulatory relief and a shift in congressional control leave questions over their long-term role. The push comes as trust firms look to compete with banks in the settlement business.
TREE NEWS reports: CoreWeave shares turned negative after rising as much as 11% following the release of its earnings report. The stock gave up its post-earnings gain and moved into the red, with no further details disclosed in the available material.
TREE NEWS update: Cubist Systematic Strategies, the quantitative trading unit of Point72 Asset Management, sued former research analyst Xin Jin in Connecticut state court in Stamford on Monday, alleging he used Anthropic’s Claude and OpenAI’s Codex to steal proprietary source code to join a competitor. The firm said an investigation concluded Jin “attempted to steal (and likely did steal)” confidential, proprietary and competitively sensitive information, and it fired him in September.
TREE NEWS reports: Gold ETF dropped 2.68% on Tuesday, Nov. 10, leading losses across major US asset-class ETFs. The 20+ Year Treasury Bond ETF fell 1.32%, while Brent oil, emerging markets, Nasdaq 100, Russell 2000, convertible bond, long-yen, long-euro, S&P 500, Dow and US real estate ETFs declined by up to 0.97%. Agricultural funds rose 0.61%, the long-dollar index gained 0.62% and the soybean fund added 2.78%.
TREE NEWS update: Across Protocol has warned users to avoid its app while it investigates a potential security incident affecting its domain, after several users reported losing funds following interaction with the platform. The cross-chain bridge protocol did not disclose the number of affected wallets or the value of funds lost. Users were told to stay off the app pending further notice.
TREE NEWS update: The American Petroleum Institute (API) will release its industry version of the weekly crude oil inventory report at 05:30 Beijing time. Non-API members may obtain data details as early as around 04:32. The report is a key precursor to official U.S. government inventory data.
TREE NEWS reports: Former House Financial Services Committee chair Patrick McHenry said he doubts an anti-crypto bill can pass the incoming Democratic-majority House, arguing the new Congress is more pro-crypto than those of six and eight years ago. He also said he sees votes for a credit card rate cap.
TREE NEWS update: Anthropic has filed an IPO prospectus with an Australian regulator, the company disclosed. The filing marks a formal step toward a public listing for the AI developer. No financial terms, share count or timetable were included in the disclosure.
TREE NEWS update: American Barrick Gold, a unit of Barrick Mining, has filed for an initial public offering in the United States and is seeking to list its shares on the New York Stock Exchange. The filing marks a step toward a US listing for the Barrick subsidiary. No pricing terms or offering size were disclosed.
TREE NEWS reports: FTSE China A50 index futures closed the overnight session down 0.29% at 12,879 points. The move reflects overnight positioning in the Singapore-listed contract tracking the 50 largest A-share companies.
TREE NEWS reports: The technology sector of the S&P 500 closed down 1.4%, leading losses among the index’s 11 sectors. Materials slipped 0.55%, while consumer discretionary and financials gained as much as 0.49%. The split session left most sectors higher even as tech weighed on the benchmark.