Flash News

TREE NEWS update: Matter Labs has launched Prividium Connect, a proposed public deployment that would channel interoperability fees into the ZK token. Activation, integration and fee parameters still require governance approval before taking effect. The plan ties cross-chain interoperability revenue directly to ZK.

TREE NEWS update: Alibaba has proposed a spin-off and separate listing of its wholly owned subsidiary T-Head, a leading full-stack data center chip supplier in China, on the Hong Kong Stock Exchange main board, with the exchange confirming the plan can proceed. T-Head filed a confidential A1 listing application on September 11, 2026. The spin-off would be conducted via a global offering of T-Head H shares, and Alibaba expects T-Head to remain a subsidiary after completion; offering size, structure and the extent of stake reduction have not yet been finalized and remain subject to listing committee approval, China Securities Regulatory Commission filing and final decisions by both parties.

TREE NEWS update: Bank of England Deputy Governor Lombardelli said the energy shock has become more persistent and the likelihood of second-round effects is greater. The economy has multiple plausible paths, and there may be reason for further rate hikes in the near term. Economic activity is more resilient while disinflation has stalled.

TREE NEWS update: Bitdeer (BTDR) reported record unaudited third-quarter revenue of $320.7 million, up 89% year on year, with adjusted EBITDA of $69.6 million, up 173%. The bitcoin miner posted a net loss of $125.5 million, including a $54.6 million non-cash loss from fair-value changes on digital asset borrowings. Bitdeer self-mined 3,855 BTC in the quarter and held only 47 BTC at period end, while its AI cloud backlog stood at about $2.9 billion with roughly 332 MW of AI cloud capacity contracted.

TREE NEWS update: Chinese Foreign Minister Wang Yi held a phone call with French Foreign Minister Jean-Noël Barrot on the 10th. Wang said China and France, as founding members of the UN and permanent members of the Security Council, should maintain communication and strengthen coordination on international developments. He said China is ready to work with France to uphold the UN-centered international system and their special responsibilities as permanent members.

TREE NEWS update: Anthropic’s IPO registration covers 948.75 million shares, including an underwriter option, implying a $64.35 billion base offering at the maximum registration price of $78 per share. The filing sets the ceiling for the AI developer’s planned listing.

TREE NEWS update: Google has committed $10 billion to Anthropic, with the investment priced at the AI company’s IPO price. Anthropic has launched its roadshow with a proposed share range of $70 to $78. The commitment ties the size of Google’s investment to the final offering price set in the listing.

TREE NEWS update: Anthropic has registered up to 948.75 million shares for an IPO, with the amendment’s fee table pricing shares at $78 each. Crypto derivatives tied to the company would require a different denominator: its total outstanding shares. The filing does not disclose a valuation or offer size.

TREE NEWS update: European Central Bank chief economist Philip Lane said the ECB should not slow the pace of bond-holding reduction or deploy crisis-response tools to help France address its budget problems. France’s debt issues do not yet warrant assistance from Frankfurt, Lane said, adding that the signal from French bond market adjustment is uncertainty over the fiscal outlook that must be resolved in Paris. He said the ECB should stick to short-term policy rates as its main tool.

TREE NEWS update: Huawei will soon begin trial commercial use of its new storage system, moving the technology from lab validation into joint verification in real customer scenarios, the company said on Nov. 10. The move comes two weeks after Fujifilm said it would invest in and expand its data-storage tape capacity through fiscal 2026-2028, its first major tape capacity expansion in nearly 20 years. AI infrastructure buildout is driving data-center storage demand toward long-term data retention and management.

TREE NEWS update: Initia halted its layer-1 chain after $605,000 in USDC flowed out, the team said. A preliminary investigation points to compromised rollup infrastructure keys that were used to fabricate cross-chain transfers. The team disclosed the outflow and the suspected cause in its initial findings.

TREE NEWS update: Anthropic is seeking a fully diluted valuation of $1.4 trillion in its initial public offering. The AI developer’s target would mark one of the largest IPO valuations on record. No further terms of the offering were disclosed.

TREE NEWS update: Anthropic launched Fable 5.2, a model it says nearly matches Opus 5.5’s best FrontierCode result at roughly half the cost per task, with token prices 20% lower. The company said the lower cost per task holds despite higher per-token rates.

TREE NEWS update: BioNTech purchased an FDA priority review voucher for $205 million. The voucher allows the holder to expedite regulatory review of a future drug application. The transaction was reported by Bloomberg.

TREE NEWS update: A cross-regional e-commerce intellectual property protection alliance was formally established in Beijing on June 10, jointly initiated by the IP protection centers of Beijing, Shanghai and Zhejiang and six platforms — JD.com, Taobao & Tmall, Douyin, Kuaishou, Xiaohongshu and Pinduoduo. The nine-member body is described as the country’s national cross-regional, cross-platform IP protection collaboration organization for e-commerce, aimed at exploring new paths for coordinated IP governance.

TREE NEWS update: Binance has halted transfers with MEXC, rejecting withdrawals to the exchange and holding deposits from it for review, after FinCEN cut MEXC off from the US financial system over $16 billion in suspicious flows. The restrictions make Binance the latest major venue to sever direct links with MEXC following the US enforcement action.

TREE NEWS update: French President Emmanuel Macron is negotiating with Saudi Arabia and other Gulf states on a public-sector-backed mechanism to absorb part of the insurance risk for ships transiting the Strait of Hormuz, aiming to cut shipping costs and sustain energy flows. Shipping through the strait has been disrupted since the US and Israel began strikes on Iran in February. France’s energy, foreign and finance ministries are involved; how the mechanism would work and what guarantees it would offer remain unclear.

TREE NEWS update: Hyperscale Data (GPUS) sold its remaining 211.56 bitcoin at an average price of about $76,000, raising roughly $16 million as of Nov. 8, the company said. Since it began trimming holdings in late July, the Nasdaq-listed firm has sold about 1,113 BTC for about $74.4 million, with proceeds going to debt repayment and construction of a Michigan AI data center whose first 10 MW is due to be powered in December. It continues mining in Montana.

TREE NEWS update: Cybersecurity startup Daylight has raised $80 million in a funding round led by Goldman Sachs, valuing the company at $400 million. The round was raised through Daylight’s Series B fund. The company focuses on cybersecurity, not crypto or blockchain.