Flash News

TREE NEWS update: Patrick Witt, executive director of President Trump’s digital assets advisory council, said the window of opportunity for the Clarity Act is closing and that if next week’s procedural vote fails, it is unclear when the bill could get another chance. The procedural vote is scheduled for September 15. Witt urged bipartisan support for the bill.

TREE NEWS update: China’s State Council Information Office will hold a policy briefing at 3 p.m. on Monday, September 14, 2026, on efforts to address the problem of late payments to small and medium-sized enterprises. Vice Minister of Industry and Information Technology Ke Jixin will present alongside officials from the People’s Bank of China, the State-owned Assets Supervision and Administration Commission, the State Administration for Market Regulation and the China Securities Regulatory Commission, and take questions from reporters.

TREE NEWS update: Zeng Nenggui, a former official wanted on a Red Notice for alleged duty-related crimes and who had fled abroad, has been extradited back to China, state broadcaster CCTV reported. The extradition followed coordination by the Central Anti-Corruption Coordination Group’s office for international fugitive pursuit and cross-border law enforcement and judicial cooperation. No further details on his alleged offenses or the timing of the handover were given.

TREE NEWS update: Zhu Hexin, deputy governor of the People’s Bank of China and head of the State Administration of Foreign Exchange, met Hong Kong SFC chairman Wong Tin-yau and CEO Julia Leung on September 11, 2026. The two sides discussed consolidating Hong Kong’s status as an international financial centre and strengthening cross-border financial regulatory cooperation. SAFE deputy administrator Li Bin attended the meeting.

TREE NEWS reports: Revolut is suspected of failing to identify a fraudulent request, exposing personally identifiable information of some users. The leaked data includes passport or driver’s licence copies and verification selfies, account statements, IBANs, withdrawal records, full transaction history including bitcoin trades, plus names, dates of birth, occupations, home addresses, emails and phone numbers. ZachXBT said the number of affected users may be limited but appeared to target high-net-worth individuals. Several Revolut users received security alert emails yesterday.

TREE NEWS update: Singapore has opened online-only bidding for the first two batches of assets confiscated in its S$3 billion money laundering case, with the lots estimated at S$2.9 million to S$3.9 million combined. The seized items are held at the Le Freeport storage facility in Changi North Crescent, and bidders from Singapore and overseas may view them by appointment. A limited-edition Louis Vuitton x Yayoi Kusama pumpkin bag is among the most watched lots.

TREE NEWS update: The UK’s Financial Conduct Authority will open crypto asset authorization applications on Sept 30, moving the country’s crypto regime into its implementation phase. The date sets the starting point for firms seeking formal permission to operate in the UK market. No further details on the application criteria were provided.

TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission (SASAC) held an expanded Party committee meeting on September 11, calling for state-owned enterprises to plan their international operations within the country’s broader opening-up strategy. The meeting urged firms to make coordinated use of both domestic and international markets, optimize overseas investment layout, and strengthen security safeguards while expanding cooperation on technology, equipment and standards.

TREE NEWS reports: EU antitrust regulators have opened an in-depth review of Broadcom’s overhaul of VMware software licensing, following its $61 billion acquisition of the company. Questionnaires dated July show the Commission has asked European cloud service providers about VMware’s importance, the availability of alternatives and allegedly unfair restrictions in new certification arrangements. The scrutiny comes ahead of a March 31 deadline after which cloud providers may lose the right to sell VMware subscriptions under Broadcom’s new partner program.

TREE NEWS update: A federal magistrate judge ordered Paramount Skydance Corp. and a group of state attorneys general challenging its $110 billion acquisition of Warner Bros. Discovery to set a late-October meeting date to negotiate a possible settlement of their lawsuit. WGA West will also take part in the talks, to be held before U.S. Magistrate Judge Thomas Hixson in San Francisco. A spokesman for California Attorney General Rob Bonta said the court-ordered session only means the judge asked the parties to meet and does not indicate a settlement is in progress.

TREE NEWS update: A federal magistrate judge has ordered Paramount Skydance and a group of state attorneys general challenging its $110 billion acquisition of Warner Bros. Discovery to set a meeting date in late October to negotiate a possible settlement of the lawsuit. WGA West will also take part in the talks, held before San Francisco federal Magistrate Judge Thomas Hixson. A spokesperson for California Attorney General Rob Bonta said the court-ordered meeting merely means the judge asked the parties to meet and does not indicate that a settlement is in progress.

TREE NEWS update: Kalshi Inc. is seeking regulatory approval to launch the first US single-stock perpetual futures, with contracts tied to Tesla, Apple and Nvidia. The company will ask the CFTC and SEC to jointly regulate the no-expiry futures as security futures products, with leverage in line with other regulated contracts. Kalshi also plans to expand commodity contracts into agricultural products and add ETF products over time.

TREE NEWS update: The US Court of Appeals for the DC Circuit ruled that the Department of Energy lacks authority under federal law to use emergency powers to stop the closure of the J.H. Campbell coal plant in Michigan. The court sided with Michigan, Minnesota, Illinois and public interest groups, finding the DOE misread the law’s meaning of “emergency intervention” and that no short-term crisis exists to override state grid authority.

TREE NEWS reports: The US Commodity Futures Trading Commission reported that bitcoin net long positioning stood at 1,524 contracts in the week of September 8. The figure reflects speculative positioning in CFTC-regulated bitcoin futures for that reporting week.

TREE NEWS reports: Crypto Banter founder Ran Neuner said Hyperliquid’s network effects give the decentralized exchange a strong competitive moat, but regulatory uncertainty remains its biggest threat. Neuner identified regulation, not competition, as the main risk facing the platform. He did not specify which jurisdictions or regulatory actions he was referring to.

TREE NEWS reports: OpenAI is seeking clarity from Congress on whether slowing down AI development is legal under antitrust law, amid researchers calling for restraint and experts warning that competition leads companies to overlook risks. The company is asking lawmakers to clarify how antitrust law applies to slowing development for AI safety reasons.

TREE NEWS update: OpenAI is seeking clarity from Congress on whether slowing down AI development would be legal under antitrust rules, as researchers call for restraint and experts warn competition pushes companies to overlook risks. The company is asking lawmakers to clarify how antitrust law applies to AI safety-driven slowdowns.

TREE NEWS reports: The White House is considering using the Defense Production Act to expand US refining capacity in response to surging fuel prices, a report said. The move would invoke a Cold War-era law that lets the president direct industrial production. No decision or timeline was given.

TREE NEWS update: US regulators including the Federal Reserve, OCC, FDIC and NCUA released a proposed interagency guidance on banks’ third-party risk management on Friday. The proposal aims to help banks and credit unions better tailor their risk practices to each third-party relationship, and will be open to public comment. Fed Governor Barr opposed it, citing concerns over the “material financial risk” standard.