TREE NEWS reports: Strive’s SATA has purchased 200 Bitcoin today, with two hours left before market close.NET. The funds raised this week are sufficient to support purchases exceeding 1,000 Bitcoin.
TREE NEWS reports: The Trump administration is drafting a post-war strategy centered on regional powers to contain Iran and promote Israel’s normalization with neighbors. The plan, in early stages, aims to guide US Middle East policy after an Iran war and through Trump’s final two years. Key constraints include Israel’s October 27 election and November US midterms.
TREE NEWS reports: Speculators raised net long positions in ICE Brent crude oil futures by 37,837 contracts to 261,435 contracts in the week to September 1, marking a 14-week high. Meanwhile, net long Robusta coffee positions fell to a 12-week low, and net short London cocoa positions dropped to a 7-week low.
TREE NEWS update: AI cloud company Nscale is seeking to raise $3.5 billion in funding ahead of a potential initial public offering. The move signals the firm’s ambition to scale its cloud infrastructure for AI workloads. The funding round would likely be one of the largest in the AI cloud sector this year.
TREE NEWS update: Blockchain fintech OpenReserve on Sept. 2 received preliminary conditional approval from the OCC to establish a full-service national bank in Salt Lake City, Utah. The approval, granted in under five months, requires the company to raise at least $210 million in initial paid-in capital within 12 months and maintain a minimum 12% tier 1 leverage ratio for three years after opening. OpenReserve plans tokenized deposits, treasury management, and banking-as-a-service for institutions, and must open within 18 months or lose approval.
TREE NEWS reports: Corporate crypto investments are expanding as rising markets favor direct exposure, shifting focus to balance-sheet strategies and institutional adoption. The trend highlights growing corporate confidence in digital assets amid bullish conditions.
TREE NEWS update: OpenReserve, backed by Andreessen Horowitz (a16z), has received approval to operate as a full-service national bank. Choosing a full national charter over the trust-bank route typical for crypto firms, the startup can now offer insured deposits and conventional lending alongside stablecoin issuance. This approval marks a significant step for crypto-native banking integration.
TREE NEWS reports: On Friday, September 4, the Federal Reserve’s overnight reverse repurchase agreement (RRP) facility saw usage of $675 million, down from $702 million the previous trading day, with two counterparties participating. The decline reflects continued low demand for the Fed’s liquidity absorption tool.
TREE NEWS update: US Energy Secretary Wright said energy is the key driver for improving Venezuela’s situation. He expressed honor in witnessing multiple energy agreements that will replace past conflicts with current and future economic and trade exchanges.
TREE NEWS update: Tesla has moved the launch of its Robotaxi network taxi service to 2:00 pm Central Time, responding to user demand. The service was originally scheduled to go live at 5:00 pm CT. The earlier launch time takes effect today.
TREE NEWS update: QuFi has launched a post-quantum verification platform that uses post-quantum cryptography to verify digital asset transactions without requiring changes to existing blockchain settlement networks. The platform includes a proof on the Bitcoin testnet, demonstrating its capability to secure transactions against future quantum threats.
TREE NEWS update: BitMine transferred 25,000 ETH, valued at approximately $61.51 million, to a new wallet (0x0BeF…6853) minutes ago. The transfer was detected in real-time, indicating a significant whale movement.
TREE NEWS update: The National Sheriffs’ Association has shifted to a neutral stance on the CLARITY Act, retracting its earlier opposition over consumer protection concerns. The law enforcement group will now ‘step back and allow the legislative process to proceed,’ potentially easing a hurdle for the bill.
TREE NEWS reports: A new analysis by Cornell Tech Policy Institute estimates that exempting small digital asset purchases from capital gains tax could increase U.S. federal revenue by about $859 million over the next decade. Senator Cynthia Lummis’s S. 2207 bill would exempt qualifying purchases under $300, with an annual cap of $5,000. The study suggests each $100 qualifying payment could yield $3.18 in net federal income.
TREE NEWS reports: The total number of active drilling rigs in the US stood at 588 for the week ending Sep 4, unchanged from the previous week. The figure reflects stability in domestic drilling activity amid ongoing market conditions.
TREE NEWS reports: International copper gained 0.24% in night trading, with Shanghai copper up 0.16%. Shanghai aluminum fell 0.23%, zinc rose 0.97%, lead added 0.09%, nickel was flat, and tin dropped 0.2%. Alumina rose 0.44%, aluminum alloy fell 0.21%, and stainless steel gained 0.69%.
TREE NEWS reports: Zcash (ZEC) surged past $1,000 as Grayscale’s ZCSH fund saw inflows climb and miners increased activity. Rising network competition, however, is cutting into miners’ gains from the token’s rally.
TREE NEWS update: Gimlet Labs, an AI infrastructure startup, has raised $300 million in funding, boosting its valuation to $3 billion. The round was led by Andreessen Horowitz, with participation from Arm Holdings and Microsoft’s M12. Gimlet Labs helps clients allocate AI tasks across different chip types and is partnering with Arm to ensure its software supports Arm’s chip technologies.
TREE NEWS reports: Marco Oviedo, strategist at XP Investimentos, said the US nonfarm payrolls data confirms that CPI is the key data point. If CPI shows core annual inflation declining as expected, a Fed pause in rate hikes would be largely confirmed. Until then, he does not expect major volatility.
TREE NEWS reports: The MSCI emerging markets currency index is set for a tenth consecutive weekly gain, the longest streak since 2007, after rising 0.4% on Friday, bringing the week’s advance to 0.7%. Gains were trimmed after strong US jobs data boosted rate-hike bets and the dollar. Investors now await next week’s US inflation data for clues on Fed policy.
Subscribe to get important Web3 & AI updates from the TREE NEWS desk by email — free.