Flash News

TREE NEWS reports: Bitwise CEO Hunter Horsley said on X that global gold’s market size was about $2.5 trillion when gold ETFs launched in 2004, while Bitcoin’s total market was about $2 trillion when US spot Bitcoin ETFs launched in 2024. He drew the comparison to show both asset classes already carried substantial scale as ETF products entered the market. US spot Bitcoin ETFs were approved and listed in 2024.

TREE NEWS update: SoftBank-backed fintech OPay is planning a listing in New York, aiming to raise as much as $500 million. The company has not disclosed a timetable or valuation for the offering. OPay is a mobile payments and financial services platform.

TREE NEWS update: Google released the Fitbit Edge fitness band, priced at $180, the company’s latest wearable under its Fitbit line. The device was announced as a new addition to Google’s consumer hardware lineup. No further specifications or availability details were disclosed.

TREE NEWS reports: Bitmine (BMNR) bought another 12,532 ETH last week, bringing its Ethereum treasury to 6.03 million tokens, or 4.9% of total supply, with 84% of the holdings staked. Chairman Tom Lee flagged the potential for the “largest-ever” crypto bull market.

TREE NEWS reports: US sector ETFs opened mixed on the day, with the energy ETF up 1.5% and the regional banks ETF up nearly 1%. The semiconductor ETF fell 1.65% in early trading, leading declines among the main industry funds.

TREE NEWS update: Bitmine added $32 million in Ethereum, lifting its treasury to 6.03 million ETH, or 4.9% of the token’s total supply. Chairman Tom Lee said the company is nearly “done stacking” and predicted the biggest crypto bull market yet.

TREE NEWS reports: The Philadelphia Semiconductor Index extended its decline to more than 2% on the day. The index, which tracks major US-listed chipmakers, deepened its losses as selling pressure in semiconductor shares persisted. No further detail on the drivers of the move was given.

TREE NEWS reports: The Dow rose 0.2% and the S&P 500 added 0.1% while the Nasdaq slipped 0.1% in early US trading. The Philadelphia Semiconductor Index fell 1.9%, led by memory chip names: Micron dropped about 4%, SanDisk about 4%, SK Hynix about 3% and Western Digital about 2%. Starbucks gained 1% after a spokesperson denied the company is considering acquiring Chipotle, which fell 2.9%.

TREE NEWS reports: The S&P 500 opened up 1.50 points, or 0.02%, at 7,813.04, while the Dow Jones Industrial Average opened 110.40 points, or 0.21%, higher at 51,765.35. The Nasdaq Composite opened down 13.66 points, or 0.05%, at 27,352.51.

TREE NEWS reports: Starbucks is not acquiring Chipotle, CNBC reported. The denial followed reports that had circulated about a possible deal involving the two restaurant chains. Neither company announced any transaction.

TREE NEWS reports: Microsoft is preparing to install the newest version of its in-house chips across its data centers, aiming to power its AI software mainly with its own hardware. The company expects to stockpile multi-gigawatt volumes of Maia chips, with Maia 300, designed for inference, rolling out next year. Microsoft says Maia 300 can deliver 40% more tokens per megawatt than leading GPU-based systems, and it currently does not plan to rent the underlying compute directly to cloud customers.

TREE NEWS update: Jishi Media said its shares rose by a cumulative 20% deviation over three consecutive trading days from Oct. 8 to Oct. 12, 2026, triggering an abnormal trading alert. The company said it and controlling shareholder Jilin Radio and Television have no undisclosed major matters, and that its AI micro-drama business remains at an early stage with very low revenue and no material impact expected on this year’s results.

TREE NEWS update: Strategy purchased $21.5 million worth of bitcoin, lifting its total holdings to 848,250 BTC. The buy follows a $176 million repurchase of STRC preferred stock the week before, alongside a $192 million buyback of the same instrument.

TREE NEWS reports: Elon Musk said only three organizations have enough programming training data to build truly excellent AI: OpenAI, Anthropic and SpaceX’s Cursor, with Google as a marginal addition. The remark came in a pre-market roundup that also flagged IREN’s multi-year cloud deal with Anthropic, sending the cloud provider’s shares up over 4% pre-market. Broadcom’s CEO said AI compute demand will outstrip supply over the next two years.

TREE NEWS update: Bitmine Immersion Technologies said on October 12 it holds about 6.03 million ETH, roughly 4.9% of total ETH supply, after adding 12,532 ETH last week. The company’s crypto, cash, tradable securities and other investments total about $16.2 billion, with 5.067309 million ETH staked, valued at about $12.9 billion. Chairman Tom Lee said annualized staking revenue could reach about $400 million once all ETH is staked.

TREE NEWS update: Strategy purchased an additional 250 Bitcoin, lifting its total holdings to 848,250 BTC, the company disclosed. The Michael Saylor-led firm also said it is maintaining a $4.88 billion cash reserve alongside the bitcoin position.

TREE NEWS update: Salesforce has signed a definitive agreement to acquire Loops, with plans to integrate the company’s technology into Tableau. The transaction is expected to close in early November of fiscal year 2027. Financial terms of the deal were not disclosed.

TREE NEWS update: Shengshida signed an agreement with Guangzhou Xintu on October 10, 2026 to transfer 45.0721 million shares of Rongfeng Holding, equal to 29.99% of total share capital, via negotiated transfer. Guangzhou Xintu intends to launch a partial tender offer for a further 5.01% of the shares. Rongfeng Holding’s stock will resume trading on the morning of October 13, 2026.

TREE NEWS update: Aoke Chemical announced it will terminate its plan to acquire assets via share issuance and cash payment, citing that conditions for completing the deal were not yet ripe in the short term. No formal agreement was signed and no party bears liability for breach. The stock resumes trading on October 13, 2026, and the company pledged not to plan any major asset restructuring for at least one month.

TREE NEWS update: Nasdaq-listed Solana treasury company DeFi Development (DFDV) bought about 22,070 SOL last week, lifting its total holdings to roughly 2.5862 million SOL, worth about $302 million. The company said its SOL and equivalent asset reserves have grown about 12% since it published second-quarter results on August 12. A recently established $300 million at-the-market offering program, CHAD ATM, will provide additional funding to keep expanding the SOL reserve.