Flash News

TREE NEWS update: US House Speaker Mike Johnson said AI regulation should not be pushed through hastily, and that lawmakers should meet with AI leaders before any legislation is drafted. He also said a proposed $5,000 check plan floated by Donald Trump would not add to the debt.

TREE NEWS update: Thailand’s Securities and Exchange Commission has proposed draft rules that would require licensed crypto platforms to restrict stablecoin deposits and withdrawals to a customer’s own verified account or wallet, banning transfers to third-party wallets. The draft sets a daily limit of 5 million baht (about $150,000) per person per platform for both inbound and outbound transactions. The proposal is open for public comment until September 25 and has not yet taken effect.

TREE NEWS update: China will hold its 2026 National Cybersecurity Week from September 14 to 20 nationwide, under the theme “Cybersecurity for the People, Cybersecurity by the People — Safeguarding Cybersecurity in the Intelligent Era.” The annual campaign is organized on a unified national basis.

TREE NEWS update: Chinese President Xi Jinping proposed five initiatives on deepening BRICS cooperation at the 18th BRICS Leaders’ Meeting in New Delhi on September 13, including an AI open-source sharing initiative, a trade and investment facilitation initiative, a digital industry cooperation initiative, a smart manufacturing cooperation initiative and a science and technology talent initiative. Xi said BRICS must keep industrial and supply chains stable and smooth and build an integrated large market, letting emerging technologies light the path to shared prosperity.

TREE NEWS update: China’s National Data Administration Director Liu Liehong chaired a symposium on embodied intelligence in Beijing on September 10, the agency said. Representatives from the Chinese Academy of Sciences’ Institute of Automation, the Beijing Institute for General Artificial Intelligence, JD.com, Lightwheel, and the Beijing Humanoid Robot Innovation Center discussed how data can support embodied AI development. The industry is increasingly data-driven, with demand for high-quality, large-scale data continuing to grow.

TREE NEWS update: Revolut disclosed that sensitive customer information was leaked to an unauthorized third party that filed fraudulent record requests using an email domain impersonating a government agency. The company called it a “sophisticated external impersonation scam,” said it blocked the address once identified, and confirmed its systems and customer funds were unaffected. A limited number of customers were affected and have been contacted directly.

TREE NEWS update: The US Senate will hold a procedural cloture vote on the CLARITY Act (H.R. 3633) on Sept 15 at 2:15 pm ET, requiring 60 votes to advance the digital asset market structure bill that passed the House 294-134 in July 2025. Circle’s Arc mainnet is set to launch Sept 16 with BlackRock, DTCC and Visa among genesis validators, while the Fed publishes its rate decision on Sept 17.

TREE NEWS update: Grayscale has filed with the U.S. Securities and Exchange Commission to rename its Litecoin Trust as the “Grayscale Litecoin Trust ETF” and list it on NYSE Arca under the ticker LTCN. The SEC has received the filing, marking the latest step in Grayscale’s push to convert its single-asset trusts into exchange-traded funds.

TREE NEWS update: BRICS leaders adopted the New Delhi Declaration at their 18th summit, reaffirming multilateralism and urging all parties to the UNFCCC and the Paris Agreement to maintain and increase climate efforts. The declaration opposes unilateral, punitive, discriminatory and protectionist measures, including carbon border adjustment mechanisms, and voices concern over their impact on developing countries. It fully supports China hosting the 19th BRICS summit in 2027.

TREE NEWS update: BRICS leaders adopted the New Delhi Declaration at their 18th summit, calling for urgent reform of the Bretton Woods institutions to make them more agile, effective, credible, inclusive, fit-for-purpose, just, accountable and representative. The declaration said the voice and representation of emerging markets and developing economies must match their relative position in the global economy.

TREE NEWS update: BRICS leaders adopted a declaration at their 18th summit in New Delhi warning that proliferating trade restrictions — whether tariffs, non-tariff measures or environmental protectionism — could further shrink global trade, disrupt supply chains and deepen economic uncertainty. The declaration expresses serious concern over rising unilateral tariff and non-tariff measures, saying they distort trade and violate WTO rules, and condemns unilateral coercive measures including economic and secondary sanctions.

TREE NEWS reports: Patrick Witt, executive director of the President’s Council of Advisers on Digital Assets, signaled optimism on the CLARITY Act ahead of an imminent Senate vote, saying it is “not a good day for CLARITY Act skeptics.” Polymarket nonetheless puts the bill’s odds of passing in 2026 at just 20%.

TREE NEWS update: Revolut fulfilled a fraudulent information request sent from a government agency’s own email domain, exposing ID documents and full crypto transaction histories for a limited number of users. The fintech company said the breach affected only a limited number of users, and the incident involved passports and complete Bitcoin transaction histories.

TREE NEWS reports: Revolut processed a fraudulent information request sent from a government agency’s own email domain, resulting in the exposure of identity documents and complete cryptocurrency transaction histories for a limited number of users. The fintech company confirmed that the incident involved passports and Bitcoin transaction records, affecting a limited number of users.

TREE NEWS reports: North Korea is using remote IT workers from third countries including Iran and Lebanon to infiltrate US companies, with North Korean personnel typically taking over the position once the interview is passed. US authorities and foreign agencies warned in July of the insider threat, and some third-country IT workers recruited via LinkedIn are paid $500 in crypto monthly as interview helpers. CrowdStrike data puts crypto losses from North Korea-linked hackers in 2025 at over $2 billion, up 51% year on year.

TREE NEWS update: Crypto billionaires Ben Delo and Christopher Harborne have each donated £36 million to Nigel Farage’s Reform UK. The donations come as the House of Lords considers a bill that would halt crypto donations and cap overseas giving at £100,000 a year.

TREE NEWS reports: North Korea is recruiting IT workers from third countries to pass job interviews at US companies, after which the positions are typically taken over by North Korean operatives. The tactic is part of the DPRK’s broader effort to place its personnel inside foreign firms.

TREE NEWS update: The US House Ways and Means Committee will mark up a package of digital-asset tax legislation on Sept 16, advancing crypto tax bills toward a full House vote. The markup centers on two measures: H.R. 9175, which would let miners and stakers defer tax on newly created tokens until they are sold, and H.R. 9172, which would extend wash-sale and constructive-sale rules to actively traded digital assets.

TREE NEWS update: Mexican authorities seized an illegal cryptocurrency mining operation in a remote mountain building in Tlaola, Puebla, finding 300 GPUs, 80 medium-voltage terminals and 8 satellite antennas. Officials are investigating whether the site stole power from a nearby hydroelectric plant. It is the fourth such crypto farm found in the area since early last year, with three others discovered near hydroelectric plants in northern Puebla.