TREE NEWS update: House Democratic leader Hakeem Jeffries said on Nov. 8 that he supports impeaching Defense Secretary Pete Hegseth, accusing him of abuse of power, harming US national security and planning a war with Iran that drove up prices. Jeffries said Hegseth must step down and that he will discuss the impeachment effort with other House Democrats on the morning of Nov. 10, expressing confidence it will draw strong support.
TREE NEWS reports: Bitcoin block 974961, mined by Antpool, packed 11,255 transactions, making it the second-highest transaction count in the network’s history, 984 short of the record 12,239 set by F2pool’s block 367853 on Aug. 1, 2015. The block was about 1.1 MB and used nearly 99.85% of the block weight limit, yet collected only about 0.002405 BTC in fees.
TREE NEWS reports: Some Chinese “fixed income plus” funds have suffered net value declines exceeding 20% to 30% since the second half of the year, far beyond what holders expected. The drawdowns stem from continued heavy positions in high-volatility technology stocks and related convertible bonds after strong first-half performance, leading to unbalanced position management and excessive industry concentration.
TREE NEWS reports: Japan’s Topix index extended its gain to 2% on the day, marking a broad advance across the Tokyo market. The move reflects a firm session for Japanese equities, with the benchmark adding to its earlier rise. No further details on the drivers or individual sector performance were provided.
TREE NEWS reports: South Korea’s KOSPI index opened 1.2% lower on November 9, falling to touch the 5,000-point level. The benchmark index moved downward at the open.
TREE NEWS reports: South Korea’s KOSPI extended its early decline to 1% at the open. The benchmark index’s move reflects broad market weakness in Seoul, with no specific catalyst cited in the data.
TREE NEWS reports: Japan’s Nikkei 225 opened 0.8% higher on Thursday, while South Korea’s KOSPI opened 0.5% lower. The two benchmarks started the session in opposite directions, with Japanese equities extending gains at the open and Korean stocks slipping. No further market data was provided.
TREE NEWS reports: Japan’s 5-year government bond yield rose 5.5 basis points to 2.1%, extending a move higher in Japanese sovereign debt yields. The increase reflects continued upward pressure on yields along the intermediate segment of the Japanese government bond curve.
TREE NEWS update: China is set to issue or is currently issuing local government bonds. The pipeline covers upcoming and in-progress sales of municipal and provincial debt. No issuance size, pricing or specific provinces were disclosed in the schedule.
TREE NEWS update: China is set to issue or is currently issuing government bonds and policy financial bonds. The offerings include both upcoming and ongoing sovereign and policy bank debt. No further details on size, timing or pricing were provided.
TREE NEWS update: Japan’s Ministry of Finance published daily foreign exchange intervention data for July through September, showing that the country intervened in the currency market on three separate days during the summer to support the yen. The disclosure confirms the scale and timing of the operations.
TREE NEWS update: China’s first comprehensive aerial survey aircraft, the Y-12F atmospheric survey plane, completed a full-subject demonstration flight in Harbin, state-owned AVIC said. The aircraft carried out high-sensitivity detection of multiple pollutants and cloud-water chemistry, capturing three-dimensional distribution data for fine particulate matter, gaseous pollutants, greenhouse gases and cloud water, verifying the reliability of the fixed-wing platform for integrated atmospheric environment monitoring.
TREE NEWS update: Nvidia CEO Jensen Huang has admitted to an extramarital affair in a letter to all employees, saying he owes his family and staff an apology and that there is no excuse for his behavior. Huang said he will remain fully committed to his work at Nvidia and work to regain trust. Nvidia’s board has launched an independent investigation into the matter, which Huang said he supports and will fully cooperate with.
TREE NEWS reports: On-chain analysis of Polymarket account dubdubdub2 found the trader made large speculative and DeFi trades and held election positions until settlement, rather than exiting for profit right after polls were published. The records also show the trader may have kept betting 10 minutes after a Nebraska poll was released. Two experts said the evidence does not strongly point to wrongdoing but cannot fully rule it out; Polymarket said it is investigating.
TREE NEWS update: US President Donald Trump said he has not yet spoken with Jensen Huang, adding that Huang should continue as Nvidia’s CEO. The remarks, which did not specify a date or venue, leave the White House’s position on Nvidia’s leadership unchanged. No further details were given.
TREE NEWS update: Upbit has completed its server maintenance and resumed trading in BTC/KRW and other markets, the exchange announced on Nov. 9. The exchange had delayed the restart of its KRW, BTC and USDT markets to 06:00 Beijing time due to instability during the reopening process. Deposit and withdrawal services will resume gradually once the backlog of orders accumulated during maintenance is processed, with some digital assets opening first; NFT services will be restored separately.
TREE NEWS update: Donald Trump said his suggestion that Dana White could serve as White House press secretary was a joke. The remark came after the president floated the UFC chief executive for the role, a comment that drew widespread attention. Trump did not elaborate further on the matter.
TREE NEWS update: UBS CEO said he is not too concerned about the AI-driven selloff and expects market attention to shift back to inflation and interest rates. The remarks came in response to a question about the recent selloff in AI-related stocks. He did not elaborate on the bank’s positioning or outlook for monetary policy.
TREE NEWS update: US Senator Richard Blumenthal, ranking minority member of the Senate Permanent Subcommittee on Investigations, sent letters to Binance, Tether, World Liberty Financial and Fight Fight Fight LLC demanding they produce requested records and information by January 4, 2027. Blumenthal warned that if the targets do not cooperate, the subcommittee will have “no choice” but to seek other means of ensuring compliance.
TREE NEWS update: Threshold said its tBTC bridge has resumed onchain operations, but the application remains paused while it waits for more operators to reconnect. Aave’s $119.9 million Ethereum Core tBTC reserve remains frozen in the meantime.