TREE NEWS update: Chenzhou Municipal People’s Government and CATL have signed a strategic cooperation memorandum, the battery maker said. The two sides will cooperate on green resource development, green power and battery-swap infrastructure, transport electrification and zero-carbon scenarios, aiming to build a green and low-carbon industrial system.
TREE NEWS update: Mark Carney has appointed Bridgewater Associates’ Karen Karniol-Tambour to run Canada’s sovereign wealth fund. Karniol-Tambour, a senior Bridgewater executive, will take charge of managing the fund’s operations and investment strategy. The appointment marks a significant move for Canada’s state investment vehicle as it navigates global markets.
TREE NEWS reports: The U.S. dollar index fell 0.5% on the day to 101.78, marking an intraday decline for the greenback. The move reflects selling pressure on the dollar against a basket of major currencies.
TREE NEWS reports: US 10-year and 30-year Treasury yields fell to intraday lows on Wednesday, moving in tandem with a decline in oil prices. The move reflects bond investors reacting to softer crude prices, though the material did not specify the levels reached or the size of the drop. Treasury yields and oil have traded in the same direction during the session.
TREE NEWS reports: Strive purchased 29 BTC in its latest weekly buy, paying an average of about $75,721 per coin between Oct. 31 and Nov. 6. It marks the second consecutive week the company’s bitcoin buying has declined and the lowest average cost of its last three weekly purchases.
TREE NEWS reports: Binance has pledged to cover all user losses from a $6.3 billion hack, a move analysts say has contained the fallout and prevented broader market contagion. The exchange’s commitment to make users whole has limited the knock-on effects of the incident, which ranks among the largest in crypto history.
TREE NEWS reports: Nvidia shares fell nearly 5% in US premarket trading as a scandal involving CEO Jensen Huang roiled markets, while US stock futures rose. Alphabet is considering issuing Hong Kong dollar and Singapore dollar bonds amid heightened AI-related market volatility. Google also unveiled two new TPUs in a challenge to Nvidia’s dominance, and Brent crude dropped more than 4% as Iran signaled flexibility on the Strait of Hormuz.
TREE NEWS reports: The Euro Stoxx 50 index climbed 1.5% intraday to 6,268.43 points. The move marked a sharp single-session gain for the eurozone blue-chip benchmark. No further details were immediately available.
TREE NEWS update: Iran’s armed forces will place greater emphasis on rapid response and strike effectiveness in future military operations and will no longer be bound by geographic limits, military spokesman Mohammad Akrami-Nia said on the 9th. He said the forces are implementing recent instructions from the Supreme Leader.
TREE NEWS update: Mercado Bitcoin has begun a view-only reopening following a hack, the exchange said, with customer balances visible but withdrawals and trading still suspended. The exchange is replacing stolen assets using its own company funds. Payments and trading are set to return in later phases, it added.
TREE NEWS reports: Stablecoin freezes proved effective in the $2.85 billion Binance hack, and the UK should now make clear freeze rules a condition for listing coins. The article argues that making freeze capabilities explicit would strengthen the UK’s crypto regime. No regulatory action or official statement is reported.
TREE NEWS update: Strategy acquired 1,036 Bitcoin for $81.9 million last week, lifting its total holdings to 850,364 BTC. The company also spent $188.3 million repurchasing STRC preferred shares during the same period.
TREE NEWS update: Dongfang Xinneng (Beijing) Enterprise Management Center, a limited partnership under Dongfang Xinneng, signed a sales contract with Distributor A to buy GPU products for a high-performance computing cluster, with a total contract value of about 912 million yuan including tax. Delivery is due no later than 12 months after signing. The board approved the deal, which needs no shareholder vote. The company’s computing services business is still at an early stage and has generated no revenue or confirmed customer orders.
TREE NEWS update: CGT President Sophie Binet said French unions are calling a nationwide strike and protests on Nov 17 over the cost of living and public-sector pay. The CGT urged employees, retirees and young people to make it another day of mass strikes and demonstrations. Binet accused the government of making only “derisory concessions” after weeks of protests in France.
TREE NEWS update: IRIS will launch fixed-rate borrowing on SparkLend on Nov. 10, letting borrowers request custom loan durations. Solvers will post capital to absorb the difference between fixed quotes and floating funding costs. The launch adds a fixed-rate option to the SparkLend lending market.
TREE NEWS update: Strategy bought $82 million in bitcoin and repurchased $188 million of its STRC securities, funding both moves by selling $284 million of MSTR stock. The transactions came days before MSCI is set to name companies facing index removal. The Bitcoin treasury firm disclosed the purchases and the stock sale without specifying the timing of the index decision.
TREE NEWS update: Iraqi Prime Minister met with Iranian Parliament Speaker Mohammad Bagher Qalibaf to discuss efforts to end the war. The meeting focused on diplomatic initiatives aimed at halting the conflict. No further details on the outcome or timeline were provided.
TREE NEWS update: Coinbase has received final approval from the Office of the Comptroller of the Currency to charter a national trust company for crypto custody. The federal charter now covers its planned trust company, the exchange said, though it did not give a date for when customer custody will move over. The approval clears a key regulatory step for Coinbase’s custody business.
TREE NEWS reports: UK gilts extended their rally, pushing the 10-year gilt yield down 5 basis points to 5.10%. The move marks a continued decline in the benchmark yield as government bonds gained.
TREE NEWS reports: Nvidia CEO Jensen Huang may become a key target of oversight by U.S. Senator Elizabeth Warren, POLITICO reported. The report did not specify what particular issues or proceedings the scrutiny would involve, or what actions Warren might take. Neither Nvidia nor Warren’s office has commented on the matter.