Flash News

TREE NEWS update: Itaú has filed a formal notice with Brazil’s central bank to continue offering crypto trading and custody services, using a route that lets banks already active in digital assets keep operating. The filing came days before the window for banks to submit such notices closes. Brazil’s crypto rules require the formal notice for incumbent bank crypto services.

TREE NEWS update: President Donald Trump directed the U.S. Trade Representative and the Commerce Secretary to open negotiations on robots and industrial machinery to address national security concerns. An executive order instructs the USTR to pursue agreements with trading partners over threats posed by imports of robots, industrial machinery and parts from any country. Trump said he may consider other remedies, including tariffs, taxes, quotas and fees, and plans to incentivize new U.S. production investment.

TREE NEWS update: President Donald Trump signed a proclamation accepting the Commerce Department’s Section 232 finding that imports of robots, industrial machinery and parts threaten national security, but deferred new tariffs. He directed the Commerce secretary and U.S. Trade Representative to negotiate with trading partners and report progress within 180 days. If no deal is reached or implemented effectively, Trump may consider tariffs, quotas or fees, and possible incentives for domestic production.

TREE NEWS update: US Treasury Secretary Scott Bessent said President Donald Trump is “full of confidence” in Federal Reserve Chair Kevin Warsh’s handling of the central bank’s mission. Bessent made the remark on the Fed chair’s approach to the institution’s mandate, indicating continued White House support for Warsh’s leadership. No further details were provided.

TREE NEWS update: UK Chancellor Healey said he has asked the Bank of England to study banks’ capital requirements, adding that the government will press ahead with a financial services and markets bill. Healey said banks are vital to the UK’s prosperity, standing and success. The remarks signal a fresh look at post-crisis capital rules alongside planned financial services legislation.

TREE NEWS update: The Trump administration has asked a federal court to allow it to reconsider three offshore wind projects approved under the Biden administration, keeping open the possibility of later revoking the permits. It simultaneously let five onshore wind projects proceed, two of them already approved, a move officials called a goodwill gesture. The White House has not disclosed next steps for the offshore projects facing legal challenges.

TREE NEWS update: UK Chancellor John Healey will impose a 15% tax on UK property portfolios held by sovereign wealth funds, ending their exemption from rental income tax. Treasury documents published after Healey’s first budget show the measure is expected to raise about £700 million ($932 million) by the 2029-30 fiscal year.

TREE NEWS update: CFTC Chairman Mike Selig said at the agency’s Wednesday AI forum that the convergence of superintelligence, crypto and modern financial infrastructure could transform markets, with AI agents driving a shift toward “autonomous trading.” He raised regulatory questions including whether AI agent developers should register, who bears liability when an agent goes rogue, how regulators identify on whose behalf an agent acts, and whether a new “Know Your Agent” (KYA) identity mechanism is needed. No new AI rules or guidance were announced.

TREE NEWS update: Federal Reserve Chair Kevin Warsh said the balance sheet working group’s recommendations will be submitted to the FOMC for discussion in early in the first quarter of next year. Warsh said any adjustment to the balance sheet would be unlikely to have any effect at this policy juncture. He added that any changes would come only after careful consideration of the task force’s recommendations.

TREE NEWS reports: The US Department of Justice is questioning Nvidia’s $12.93 billion acquisition of AI open-source platform Hugging Face, examining its impact on AI industry competition and whether Nvidia could control a key AI distribution channel to suppress rivals. The inquiry is part of a multi-year conduct investigation into Nvidia’s acquisitions, investments and sales, which also covers its purchases of SchedMD and Run:ai and a technology licensing deal with Groq. Nvidia expects the Hugging Face deal to close in the first half of 2027.

TREE NEWS update: Federal Reserve Chair Kevin Warsh said US political factors played no role in interest rate decisions, when asked whether the midterm elections could influence the central bank’s rate path. Warsh’s remark rejects any suggestion that the political calendar shapes monetary policy. He did not elaborate on the policy outlook in the remarks.

TREE NEWS update: Federal Reserve Chair Kevin Warsh said the central bank will phase in changes to its meeting schedule starting next year, reducing the number of meetings that include rate votes to six annually by 2028. Under the plan, one of 2027’s eight meetings will become a strategic discussion without a rate vote, rising to two in 2028. The Fed earlier held rates steady in a 10-2 vote, and bond traders are pricing about a 90% chance of a December rate hike.

TREE NEWS update: Federal Reserve Chair Kevin Warsh said the central bank will achieve price stability, framing the commitment as unconditional — “neither an ‘if’ nor a ‘but.'” The remark signals a firm anti-inflation stance from the new Fed chair. No policy specifics, rate guidance or timeline were given in the statement.

TREE NEWS update: Federal Reserve Chair Kevin Warsh said he expects two meetings in 2028 to be held without a vote on interest rates. The remark, made by the Fed chief, indicates that the central bank’s policy calendar could include sessions where no rate decision is taken. No further details on which meetings or the reason for skipping the votes were given.

TREE NEWS update: The US Department of Justice has questioned Nvidia over its acquisition of Hugging Face. The DOJ’s inquiry adds antitrust scrutiny to the AI deal. No further details on the scope or timing of the questioning were provided.

TREE NEWS update: Federal Reserve Chair Kevin Warsh said the FOMC’s schedule will change next fall, with six policy-making meetings expected in 2028. Warsh said two meetings that year would not include a vote on the policy rate, and that eight meetings a year is the appropriate number.

TREE NEWS update: The US Federal Election Commission reported an “electronic filing system outage” on Tuesday. The disruption comes as political groups are expected to ramp up spending before the midterm elections, potentially obscuring crypto PAC expenditures. The FEC did not say what caused the outage or when the system would be restored.

TREE NEWS update: Phantom has launched prediction markets for its US users through an integration with Kalshi, offering CFTC-regulated event contracts inside the crypto wallet. The rollout comes as prediction markets face growing legal challenges in the United States. The wallet’s users can now access the regulated contracts directly through the Phantom interface.

TREE NEWS update: The US Treasury has added eight Ethereum and Tron addresses to its Specially Designated Nationals list, targeting crypto facilitators linked to North Korean IT worker schemes. One address appears under both Russian intermediaries. The sanctions designate the wallets as SDN entries, barring US persons from transacting with them.

TREE NEWS reports: The White House Council of Economic Advisers concluded that faster environmental reviews under proposed permitting reform would raise US output by $82 billion to $164 billion annually. The council said shorter project review times would translate into higher real wages for ordinary households each year and lower electricity bills, with tax revenue also rising under the proposed requirements.