Flash News

TREE NEWS update: Commerce Secretary Howard Lutnick said Anthropic’s issues with the Trump administration have been resolved, but a senior Pentagon official disagrees. Deputy Under Secretary of Defense for Research and Engineering Emil Michael said on social media Thursday that the Pentagon’s determination that Anthropic poses a supply chain risk remains in effect.

TREE NEWS update: BitMEX co-founder Arthur Hayes contributed 75% of Reform UK’s donations in Q2 2026, the party led by Nigel Farage has accepted. The contributions from crypto-industry figures raise questions about potential influence on UK policy. No specific policy changes have been proposed.

TREE NEWS update: Apple is facing a £2 billion ($2.7 billion) class action lawsuit filed by app developers, who allege the company abused its market dominance by imposing stricter App Tracking Transparency (ATT) rules on third-party apps to favor its own advertising business. The lawsuit, reported by Reuters, comes ahead of Apple’s new product launch. Developers claim the restrictions caused significant losses for businesses relying on Apple’s platform.

TREE NEWS update: The SEC’s Investor Advisory Committee will hold a public meeting at SEC Headquarters in Washington D.C. on Sept. 10 at 10 a.m. ET to discuss artificial intelligence technologies in public markets and the SEC’s related initiatives. The meeting is open to the public, with agenda details to be announced.

TREE NEWS update: China’s Ministry of Ecology and Environment issued the 2025-2026 allowance allocation plans for the national carbon market, covering power generation and expanding to steel, cement, and aluminum smelting in 2026. The plan details allocation scope, calculation methods, issuance, and compliance for these industries.

TREE NEWS update: The Shanghai Stock Exchange has issued a regulatory work letter to Longban Media regarding abnormal fluctuations in its stock trading. The exchange’s action follows unusual price movements in the company’s shares, prompting regulatory scrutiny. Further details of the letter were not disclosed.

TREE NEWS update: Hong Kong’s Securities and Futures Commission (SFC) is intensifying scrutiny of fund investments in unlisted private products, requiring fund managers to clearly disclose risks. If such investments exceed half of the fund’s portfolio, they will be treated as ‘complex products’ under stricter regulation, aiming to prevent retail investors from buying products beyond their risk tolerance.

TREE NEWS update: China’s unified information disclosure platform for the wealth management industry, operated by the Banking Wealth Management Registration and Custody Center, officially launched on September 1. All 32 wealth management companies, 141 banks with outstanding public offerings, and 41 custodians have joined, marking a key step in standardizing industry disclosures.

TREE NEWS update: China’s National Radio and Television Administration, with provincial regulators and industry bodies, removed 3.52 million pirated links and handled 134 infringing accounts in August 2026. The action targeted hot-played TV dramas under enhanced monitoring.

TREE NEWS update: New York City schools will impose a one-year moratorium on generative AI tools, affecting nearly 600,000 students. Five named vendors will continue metered pilots in high schools during the ban.

TREE NEWS update: Standard Chartered has become the first major global bank to offer institutional clients spot Bitcoin and Ether trading in the UAE. The move marks a significant step for traditional banking into digital assets, expanding its crypto services in the region.

TREE NEWS update: Ukrainian authorities have dismantled a Kyiv-based cybercrime ring that used fake Telegram investment ads to lure EU victims to a lookalike exchange, draining wallets of up to $1 million monthly. The operation funneled victims through fraudulent ads into a counterfeit platform that emptied their funds. Details on arrests and charges were not disclosed.

TREE NEWS reports: Kalshi reportedly plans to file with the CFTC for approval of a WTI crude oil perpetual futures contract that would trade around the clock five days a week with no expiration date. The contract would offer continuous exposure to crude prices, pending regulatory green light.

TREE NEWS update: On September 2, Beijing Vice Mayor Sun Shuo visited the Beijing Stock Exchange (BSE) to mark its fifth anniversary and chaired a working meeting on enterprise listing services. The meeting reviewed the city’s IPO support and listed company development, with officials from the Beijing Financial Regulatory Bureau, CSRC Beijing office, and BSE in attendance.

TREE NEWS update: A Michigan judge has ordered Kalshi to stop offering sports event contracts in the state, labeling the platform a sports betting operation “masquerading as an investment opportunity.” The court threatens fines of up to $500,000 per day for non-compliance. Kalshi, a federally regulated prediction market, has not yet commented on the ruling.

TREE NEWS update: China’s State Administration for Market Regulation has approved the first special medical formula for patients over one year old with phenylketonuria (PKU), a rare disease. The amino acid component food, now registered, fills a domestic gap in nutrition for rare disease patients.

TREE NEWS update: Prediction market Kalshi plans to file with the CFTC as early as next week for a never-expiring futures contract on West Texas Intermediate crude, a source told Reuters. The 24/5 perpetual contract would allow continuous trading on oil prices without expiry dates.

TREE NEWS update: The CFTC asked a Washington federal court to dismiss CME’s lawsuit over Kalshi’s bitcoin perpetual futures, arguing CME lacks standing to claim competitive injury because nothing prevents it from listing such products itself. The regulator’s motion challenges CME’s assertion of harm from Kalshi’s rival offering.

TREE NEWS update: New Jersey’s attorney general filed the first certiorari petition over Kalshi’s sports contracts, asking the Supreme Court to resolve a split between two federal appeals courts on whether states can regulate sports event contracts. The petition marks a significant step in the ongoing legal battle over prediction markets and state regulatory authority.