Flash News

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.

TREE NEWS update: Euronext has restarted trading in CoinShares’ Zcash exchange-traded product after halting it on its debut day. The exchange cited securities-depository settlement requirements for the suspension, while CoinShares said settlement had nothing to do with the firm. The ETP is now trading again on the Euronext venue.

TREE NEWS reports: The crypto sector is bracing for a potential change in congressional oversight following the midterm elections, with the political landscape under a new Congress possibly diverging sharply from the one that produced the Clarity Act. The industry could face a very different set of lawmakers and committee priorities once the new session begins.

TREE NEWS update: UK data centres serving critical services will receive priority grid connections and permission for on-site generation under new rules aimed at speeding up key infrastructure, Chancellor John Healey said in his budget speech. The access will be conditional on data centre operators investing in local communities, creating local jobs and protecting local water resources.

TREE NEWS update: Google Cloud has outlined its preview MPC service for institutional Bitcoin custody, presenting the offering at a New York symposium focused on digital asset security. The service is aimed at institutions seeking to hold Bitcoin with multiparty computation-based key management. No launch date or pricing details were disclosed.

TREE NEWS update: House Oversight Chair James Comer is scrutinizing Delaware’s proposed “AIC” corporate structure, warning it could shield AI firms from liability, and has asked the state’s governor for documents by November 9. The probe targets a plan that would allow companies to be run by artificial intelligence. Comer’s request sets a document deadline for the governor’s office.

TREE NEWS update: Beijing added six generative AI services to its regulatory filing list as of October 28, 2026, bringing the city’s total to 325 registered services. The registrations fall under China’s Interim Measures for the Administration of Generative AI Services. The update was published by the Cyberspace Administration of Beijing.

TREE NEWS update: UK Chancellor Healey said the government will introduce capital gains tax relief for founders of the country’s most successful companies. The measure targets entrepreneurs behind top-performing businesses, though the announcement gave no further detail on rates, eligibility or timing. It marks a policy shift aimed at rewarding founders of high-growth firms.

TREE NEWS update: UK Chancellor Healey said the bank surcharge will rise from 3% to 6%, doubling the rate levied on banks. The change was announced as part of the government’s fiscal measures. No effective date or revenue estimate was given in the statement.

TREE NEWS update: China Reinsurance Group President Zhu Xiaoyun said at the 2026 Shanghai International Reinsurance Conference that the company will leverage Lingang New Area policy advantages to land cross-border reinsurance business and make full use of the “foreign funds, foreign use” pilot policy to drive two-way business flows between domestic and overseas markets.

TREE NEWS update: Shanghai’s financial authorities launched a pilot allowing cross-border reinsurance inward business income to be invested offshore, known as the “foreign-in, foreign-use” policy, at the 2026 Shanghai International Reinsurance Conference. PICC P&C, CPIC P&C, Ping An P&C and China Re P&C are the first four pilot institutions, working with ICBC, Bank of China and CCB as partner banks and the reinsurance trading center.

TREE NEWS update: Moody’s rated Ripple’s RLUSD stablecoin A2, citing its Treasury-heavy reserves, one day after the OCC granted bank approval. The agency noted that holders currently have no direct ownership interest in the reserves. RLUSD’s market value stands at $2.6 billion.

TREE NEWS update: Euronext has suspended CoinShares’ Zcash exchange-traded product ahead of its planned debut, citing operational settlement requirements. A Euronext spokesperson said the suspension remains in effect until settlement operations are supported by the central securities depository (CSD). The halt delays the listing of the ETP, which would give investors exposure to Zcash.

TREE NEWS update: Bithumb, South Korea’s second-largest crypto exchange, said hackers accessed an internal system and it is checking whether customer data was exposed. Two other financial firms also reported breaches. The exchange did not disclose how many customers may be affected or when the intrusion occurred.

TREE NEWS reports: The increase in the UK bank tax is expected to be temporary. No further details on the scope, duration or size of the levy were provided. The measure affects UK banks, though the specific rate and timeline were not disclosed.

TREE NEWS update: Coinbase denied any breach of its own systems on Oct. 28 after reports that hackers obtained contact information for more than 70,000 users, saying the incident occurred at analytics vendor Amplitude and that no customer funds or passwords were affected. The exchange said it found no evidence of unauthorized access to Coinbase systems and will notify affected customers and regulators. Amplitude had not responded publicly as of Oct. 28.

TREE NEWS update: Itaú Unibanco has become the first bank in Brazil to formally launch cryptocurrency trading and custody services under the central bank’s new regulations. The bank notified the Banco Central do Brasil of the business on Tuesday, ahead of the October 30 deadline. The move makes Itaú the first major Brazilian lender to operate in the crypto market under the new framework.

TREE NEWS update: Coinbase said a breach at analytics vendor Amplitude exposed customer data for a “small subset” of its users, without disclosing how many were affected. The exchange stated that funds were “not impacted” by the incident. Coinbase did not provide further details on the scope of the data exposure or the timing of the breach.

TREE NEWS update: BNY has added XRP and RLUSD to its institutional custody platform, the bank that already holds reserves for Ripple’s stablecoin. BNY also plans direct RLUSD minting in cooperation with Ripple. Broader XRP Ledger initiatives and a C2FO trade finance effort remain at an early stage.