Flash News

TREE NEWS update: Kayleen Fulton, who facilitated Ethereum’s core developer calls, is suing the Ethereum Foundation and Vitalik Buterin, alleging she was fired 13 days after telling leadership she had cancer and 12 days after sending a staff letter about the foundation’s new Mandate. The lawsuit names both the foundation and its co-founder as defendants.

TREE NEWS reports: The People’s Bank of China’s open market operations showed divergent net injections across different tenors, with short-term reverse repos seeing consecutive net withdrawals and three-month outright reverse repos rolled over at a reduced scale for the first time in the second half. October net Treasury bond purchases reached 150 billion yuan, a new high since the tool was relaunched. For November, China Merchants Securities expects a pattern of early-month easing recovery and mid-month disturbances, with a broadly stable and accommodative stance and further declines in funding rate centers.

TREE NEWS update: U.S. Senate Republican member Tillis said he expects to vote to impeach Defense Secretary Hegseth. The remark signals potential Republican support for an impeachment move against the Pentagon chief. No further details on timing or the specific charges were provided.

TREE NEWS reports: Since November, a coordinated policy package to stabilize China’s stock market has been rolled out, combining swap facility operations, relending for share buybacks and increases, counter-cyclical margin trading adjustments, and faster active ETF position-building. Major broad-based A-share indices have seen valuations fall to historically low ranges, with dividend yields attractive relative to risk-free rates. Several institutions said they are strengthening counter-cyclical positioning with a focus on earnings quality and balanced allocation.

TREE NEWS update: Skydance expects its film revenue growth to slow in the fourth quarter, the studio said. No specific figures or further details on the expected slowdown were provided. The company did not elaborate on the reasons behind the forecast.

TREE NEWS update: Anthropic released Claude Fable 5.2 and Mythos 5.0, AI models that can build complex software and design physical objects, with users reporting impressive results alongside estimated bills large enough to make developers wince. The models’ capabilities have drawn attention, but the high cost of use is a growing concern among early adopters.

TREE NEWS reports: The yield on 1-year AAA-rated negotiable certificates of deposit in China fell below 1.40% in the first week of November, touching a record low of 1.385%, after the policy rate anchor shift took effect. The drop lowered the funding costs for banks issuing new CDs.

TREE NEWS update: The US October consumer price index is due at 21:30 Beijing time, with the Bureau of Labor Statistics not publishing year-on-year figures. Federal Reserve Governor Christopher Waller delivers a keynote on the economic outlook in London at 17:00, and ECB executive board member Piero Cipollone speaks on the digital euro at a European Parliament hearing at 22:00. CoreWeave reports results after the US market close.

TREE NEWS reports: An Ethereum genesis (pre-mine) address dormant for 11.3 years was activated, holding about 2,155 ETH worth roughly $4.58 million, Whale Alert said. Etherscan data shows the address (0x7dDd…59Bc) sent 0.05 ETH to another address at 06:04 Beijing time, likely a test transfer, and still holds about 2,154.95 ETH.

TREE NEWS reports: Fujian, Hubei, Qinghai, Jilin, Shanxi, Yunnan and Anhui have held meetings on investment and major project construction over the past month, focusing on key projects and the “six networks” buildout to shore up investment. Experts expect investment to rebound marginally in the fourth quarter as central and local governments and social capital converge on the goal.

TREE NEWS reports: Seven Beijing Stock Exchange-listed companies disclosed share purchase plans in October, with combined intended purchases of about 131 million yuan, while three others unveiled new buyback programs worth 48.6 million to 94 million yuan. Year to date, BSE companies have disclosed 25 share purchase plans and 37 buyback programs, and several firms including Caike Technology and Yintu Wanglian said shareholders would end reduction plans early.

TREE NEWS reports: Spot gold rose 1.61% to $4,136.20 an ounce in late New York trading on Monday, November 9, after touching a session low of $4,054.44 in early Asia-Pacific trading and then rallying above $4,130. The metal hit a session high of $4,148.50 late in the U.S. session. Spot silver gained 2.88% to $53.4042 an ounce, while COMEX copper futures rose 1.87% to $6.3825 a pound.

TREE NEWS update: President Donald Trump said he will continue to support Defense Secretary Pete Hegseth, stating he would stand by him even if Hegseth faces impeachment by Congress. The remark is a direct statement of presidential backing for the Pentagon chief amid scrutiny of his position.

TREE NEWS reports: In late New York trading on Monday, November 9, S&P 500 futures closed up 2.44%, Dow futures rose 2.21% and Nasdaq 100 futures gained 3.61%. Russell 2000 futures advanced 3.05%.

TREE NEWS reports: MARA reported a $634.4 million net profit for the third quarter, driven by bitcoin gains, and sold 13,597 BTC to repay $750 million in loans. The bitcoin miner is pivoting toward AI as it restructures its balance sheet.

TREE NEWS reports: The offshore yuan (CNH) closed at 6.6694 per dollar in New York trading on Monday, up 36 pips from Friday’s close, with the currency trading in a range of 6.6744 to 6.6692 during the session. The move came as the dollar softened following the release of U.S. nonfarm payrolls data.

TREE NEWS update: Iran’s top security official told the United States to stop fabricating fake news about fictitious negotiations and said it is time to accept the seven conditions Iran has repeatedly proposed. The statement did not specify the conditions or the venue of any talks. It follows repeated Iranian denials of reported contacts with Washington.

TREE NEWS update: US President Donald Trump said he views Nvidia CEO Jensen Huang as high-caliber talent and expressed surprise at the allegations facing the Nvidia chief executive. Trump said the FBI is investigating the matter and added that he hopes Huang is not in trouble. The remarks were made in comments carried on Wednesday.

TREE NEWS update: Qatar’s prime minister said he held talks with U.S. President Donald Trump on regional issues. The two sides discussed the situation in the region, though no further details of the conversation were provided. The call comes amid heightened geopolitical tensions in the Middle East.