Flash News

TREE NEWS reports: Chinese chipmaker ChangXin Memory Technologies (CXMT) has filed a lawsuit against the US Department of Defense to be removed from a blacklist, arguing its chips are for civilian use. The company claims its reputation and business have suffered since being listed in January 2025. The DoD declined to comment on the pending litigation.

TREE NEWS reports: Elon Musk responded to reports that OpenAI will end its partnership with Cursor, saying he doesn’t care and reiterating that Sam Altman and others are untrustworthy. The comments add to ongoing tensions between Musk and OpenAI.

TREE NEWS update: Iranian media reports that $7.5 billion in oil-related foreign exchange revenue has been transferred to the central bank, covering government expenses until January. The oil ministry says 99% of planned budget oil revenue was achieved in the first four months, with ample supply unaffected by shipping restrictions.

TREE NEWS reports: Avici has announced it will fully refund approximately $500,000 in losses to 1,685 affected users. The move aims to restore trust and compensate victims of the incident.

TREE NEWS update: Fifteen associated wallets of the GOLD team sold their entire 224.5 million GOLD tokens, realizing a profit of approximately $312,000. The coordinated sale suggests insider distribution, raising concerns about token dumping.

TREE NEWS reports: Musk responded to OpenAI’s plan to terminate its partnership with Cursor after SpaceX’s acquisition, saying he ‘doesn’t care at all.’ He further attacked OpenAI CEO Sam Altman and co-founder Greg Brockman, calling them ‘completely untrustworthy’ and accusing them of ‘stealing an open-source nonprofit.’ The long-standing conflict between Musk and OpenAI has escalated publicly again.

TREE NEWS update: Six months after US/Israel strikes on Iran, the Iranian-American community remains deeply split over military intervention. Proponents are disappointed that regime change hasn’t happened, while opponents warn against repeating past war mistakes, with divisions widening amid ongoing economic pressure.

TREE NEWS reports: This week’s insights cover macro trends like Treasury issuance and gold’s rally, Arthur Hayes’ bullish ETH outlook, and the surge in altcoins. Key developments include Grayscale’s push to convert ZEC and TAO trusts to ETFs, Hyperliquid’s new buyback mechanism, and Ethena’s token buyback and unlock cancellation. The piece also touches on AI demand from Nvidia, Galaxy’s crypto-backed credit lines, and BitMine’s growing ETH holdings.

TREE NEWS update: New York state officials warn that AI-generated deepfakes and fraudulent crypto projects are making investment scams increasingly convincing. The combination of advanced technology and fake digital assets poses a growing threat to investors, urging heightened vigilance.

TREE NEWS reports: Six Bitcoin wallets that had been dormant for over a decade moved a combined $40 million, with most funds not sent to exchanges. The activity suggests long-term holders may be repositioning or selling, though the lack of exchange deposits could indicate OTC deals or custody changes.

TREE NEWS update: The current Crypto Fear & Greed Index stands at 67, indicating a state of greed in the market. This suggests investor sentiment is positive, with increased risk appetite.

TREE NEWS reports: The GOLD project team announced that it has earned over $8.2 million in profit today. The announcement was made via ChainCatcher, indicating a significant financial gain for the project.

TREE NEWS reports: Bitcoin spot ETFs recorded a net outflow of $202 million yesterday, breaking a nine-day streak of net inflows. This marks a notable shift in investor sentiment for the newly launched funds.

TREE NEWS update: The promotional tweet for meme coin GOLD was deleted, causing its price to drop to zero. This incident highlights the volatility and risks associated with meme coins.

TREE NEWS update: A meme coin named GOLD experienced a dramatic crash, dropping more than 95% in just one minute. The sudden collapse highlights the extreme volatility and risks associated with meme coins.

TREE NEWS update: OpenAI and Cursor have ended their nearly four-year collaboration, with direct model supply ceasing on November 12. This marks a significant shift in the AI coding tools landscape, potentially impacting Cursor’s users and the broader AI developer ecosystem.

TREE NEWS reports: In the past 24 hours, total crypto liquidations reached $452 million, with long positions accounting for $360 million and short positions $91.99 million. This indicates significant market volatility and leveraged trading activity.

TREE NEWS update: Data shows that the team controls 82.45% of the total GOLD supply, with developers holding 600 million GOLD tokens. This concentration raises concerns about centralization and potential market manipulation.

TREE NEWS reports: According to RootData, approximately $27.57 million worth of ENA tokens will be unlocked in one week. This event may increase selling pressure on the token.

TREE NEWS reports: According to RootData, Immutable X (IMX) will unlock tokens worth approximately $1.24 million in one week. The unlock is part of the project’s scheduled token release, which may impact market supply.