Flash News

TREE NEWS update: UBS Chairman Colm Kelleher said he can accept a compromise in Switzerland’s debate over bank capital requirements that would let lenders use a form of convertible debt to meet part of the rules. Speaking at a Swiss Bankers Association event in St. Gallen, Kelleher said UBS’s “primary goal” is a “Swiss-style compromise,” adding the plan would raise its costs and must be proportionate and aligned with international standards.

TREE NEWS update: SEC Commissioner Hester M. Peirce raised six questions about the shift toward 23-hour, five-day-a-week US equity trading, noting overnight sessions still account for less than 1% of NMS stock volume and are highly concentrated in a few names. Her questions cover what US equities can learn from forex, crypto and futures markets, broker best-execution and retail protection when overnight liquidity fragments, whether asset managers may reasonably skip overnight trading, and how extended hours affect corporate disclosure.

TREE NEWS update: The FDIC board approved a proposed rule to establish parity in the application of state law for out-of-state state-chartered banks and national banks. The rule would clarify which state laws apply when state-chartered banks operate across state lines, including for innovative financial activities such as digital assets. Senator Cynthia Lummis said the proposal could boost state-level banking and responsible innovation involving digital assets.

TREE NEWS update: The US Department of Justice is weighing antitrust guidance focused on artificial intelligence safety, a DOJ official said. The guidance would address competition questions arising from AI safety practices, though no timeline or scope was given. The department has not issued a formal proposal.

TREE NEWS update: Uniswap Labs founder Hayden Adams said the SEC has granted an exemption covering permissioned pools in Uniswap v4, opening a path for compliant AMM trading of certain assets and users in the United States. SEC Commissioner Hester Peirce wrote in a comment letter that truly decentralized systems driven by automated software do not need the exemption, meaning permissionless AMMs such as the Uniswap main protocol fall outside it. Adams said Uniswap will file a comment letter proposing improvements to the rules.

TREE NEWS update: A Turkish court has jailed the chairman of Destek and barred the chairman of Tera from leaving the country. The detentions mark an escalation in Turkish authorities’ scrutiny of the two firms’ leadership. No charges or further details were immediately disclosed.

TREE NEWS update: The UK Financial Conduct Authority has targeted three additional London sites over unregistered peer-to-peer crypto trading. The regulator’s enforcement chief said anyone running an unregistered peer-to-peer crypto business “should assume we are looking at them.” The action expands the FCA’s crackdown on P2P crypto operations that are not registered under UK money-laundering rules.

TREE NEWS reports: The White House is considering establishing an incubator for internet research and startups. Details of the plan, including its structure, funding and timeline, were not disclosed. It was not immediately clear which agencies or offices would be involved in the initiative.

TREE NEWS update: Crypto.com CEO said its sister exchange OG.com has been cleared by the SEC to offer US access to single-stock perpetual futures. The approval makes OG.com the latest platform bridging traditional finance and digital assets. No launch date or further terms were disclosed.

TREE NEWS update: S&P Global has agreed to acquire blockchain security firm OpenZeppelin, which will continue operating as a standalone business unit under the ratings and data group. Financial terms of the deal were not disclosed. The acquisition marks a further push by S&P Global into onchain security infrastructure.

TREE NEWS update: The SEC has released its long-awaited innovation exemption, which the agency frames as a way to bring America’s capital markets into the digital age. The measure is positioned as a response to the Senate’s failure to advance crypto legislation. No further details on the exemption’s scope or effective date were given.

TREE NEWS update: Crypto.com has registered with the SEC to offer single-stock futures, CEO Kris Marszalek said, adding that the company is also working with the SEC and CFTC to offer single-stock perpetual futures in the U.S. The filing marks the exchange’s push into U.S. equity derivatives.

TREE NEWS reports: German crypto adoption is advancing through family offices and wealth managers, while the UK’s retail-facing cryptocurrency market remains “nascent,” a CoinShares researcher said. The researcher said the UK is falling “behind” Germany in building out crypto adoption. The comments contrast institutional uptake in Germany with a less developed retail market in Britain.

TREE NEWS update: A former head of a private banking team at Deutsche Bank in Frankfurt was given a two-year suspended prison sentence for embezzling more than €626,000 ($718,400) from wealthy clients, the Frankfurt Regional Court ruled Thursday. The 39-year-old, who under German law can only be identified as Sven R., exploited the bank’s internal transfer processes from late 2023 until he was discovered in spring 2025.

TREE NEWS update: Beijing’s Municipal Market Regulation Bureau and Finance Bureau issued a reward measure for reporting illegal market conduct, effective October 1, 2026. Verified reports of six categories of major violations can earn up to 1 million yuan. Delivery riders who report “ghost kitchens” or illegally modified electric bikes are also eligible for rewards of up to 500 yuan.