Flash News

TREE NEWS update: China’s State Council executive meeting on Nov. 6 called for improving the capital market stabilization mechanism and enhancing the stock market’s internal stability to promote steady and healthy development. A-share major indices rebounded last week in a volatile recovery. Several institutional strategy reports expect the rebound to continue as stabilization measures intensify and overseas uncertainties subside.

TREE NEWS update: China launched the 29th group of satellite internet low-orbit satellites at 4:24 a.m. on the 9th from the Hainan Commercial Spaceport, using a Long March 12 carrier rocket. The satellites entered their planned orbit and the launch mission was a complete success.

TREE NEWS update: US Secretary of State Marco Rubio said Iran’s demands are outrageous and some are even absurd, adding that a diplomatic solution is sometimes not feasible. Rubio said Washington would explore a diplomatic path on Iran if an opportunity arises. He made the remarks without specifying which demands he was referring to or setting a timeline for any talks.

TREE NEWS reports: Bitcoin traded below Strategy’s average purchase price of $75,451, leaving the company’s disclosed 849,327 BTC worth about $63.58 billion at Sunday’s quote against an acquisition cost of $64.08 billion. The position is now underwater by roughly $500 million on paper.

TREE NEWS reports: Machi Big Brother (Huang Lih-cheng) had his entire 540 ETH long position liquidated on Hyperliquid at 05:51 Beijing time on Nov. 9 as ether fell sharply, with the liquidation valued at about $1.18 million at an average price of roughly $2,192. The close resulted in a loss of about $60,000, and his Hyperliquid account value has now dropped to zero.

TREE NEWS update: South Korean crypto exchange Upbit delayed the resumption of its KRW, BTC and USDT markets to 07:00 KST on Nov. 9 (06:00 Beijing time) after finding instability during the restart process. The exchange had begun roughly five-hour server maintenance at 02:00 KST and previously said maintenance was completed early, with trading to resume in batches from 06:00 KST. Deposits and withdrawals will resume gradually once trading is restored and backlogged orders are cleared.

TREE NEWS reports: Ether dropped below $2,100 on November 9, trading at $2,096.73, a 6.48% decline within the day. The move marks a sharp intraday selloff for the second-largest cryptocurrency.

TREE NEWS reports: Bitcoin dropped below $74,000 on November 9, trading at $73,993.40 per coin. The move marked a 2.74% decline within the day.

TREE NEWS reports: Bitcoin dropped below $75,000 on November 9, trading at $74,996.10 per coin. The move marks a 1.42% decline within the day.

TREE NEWS reports: Ether dropped below $2,200 on November 9, trading at $2,197.74 per token, down 1.97% on the day. The move marks a fresh intraday low for the second-largest cryptocurrency.

TREE NEWS update: South Korean crypto exchange Upbit completed server maintenance and resumed trading in its KRW, BTC and USDT markets at 06:00 KST on Nov. 9 (05:00 Beijing time), about an hour ahead of the originally scheduled 07:00. Trading is being restored in batches starting with some assets, and maintenance could be extended if instability occurs. Deposits and withdrawals will resume after trading restarts and backlogged orders are processed, while NFT services will be restored separately; buy orders above and sell orders below the last pre-maintenance price will be canceled.

TREE NEWS update: A drone of unknown origin attacked the Khor Mor gas field in Sulaymaniyah province, in Iraq’s Kurdistan Region, on the evening of the 8th local time. The field has suspended production following the strike.

TREE NEWS update: Nvidia’s board has launched an independent investigation into recent reports that founder and CEO Jensen Huang was a target of a foreign intelligence operation, the board said on November 9. A committee of independent directors is overseeing the probe with outside counsel. The board said it has no reason to believe U.S. national security or Nvidia secrets were compromised, and Huang supports and will cooperate with the review.

TREE NEWS update: German Chancellor Friedrich Merz announced his support for Ilse Aigner to become Germany’s first female president, stating the decision during a CDU leaders’ dinner. The endorsement positions Aigner as the candidate for the federal presidency, a largely ceremonial role, marking a first for a woman in the post.

TREE NEWS reports: The probability of a 25-basis-point Federal Reserve rate hike in December rose to 77%, with the odds of holding rates steady falling to 23%. Trading volume on the event reached $16.7 million.

TREE NEWS update: SpaceX plans to build, own and operate a gas-fired power plant and supercomputing facility on roughly 444 acres east of Brownsville, Texas, with initial-phase investment estimated at about $24 billion and possible multi-phase expansion. The Starbase City Commission will hold a public hearing at 9:00 Beijing time on December 10 to review property tax abatements and an economic development agreement for the project.

TREE NEWS update: LNbits has urged every server operator running its software to shut down their instances following a series of attacks, and the project has disabled its own hosted instances. Contributor Ben Arc said patches should be available within 24 to 48 hours.

TREE NEWS update: Iraq’s Foreign Minister Fuad Hussein said on November 8 that the US Treasury has demanded Iraq close most of its border crossings with Iran, leaving only two open. The request covers the land crossings between the two countries. No further details on implementation or timing were given.

TREE NEWS update: Iraq has reached an understanding with the United States allowing its oil to be exported through the Strait of Hormuz via a shipping lane near Oman, Iraqi Foreign Minister said, adding that export operations are continuing. Iraq has lost $60 billion from the Iran war and the disruption to its oil exports.

TREE NEWS update: Web3Auth moved funds out of Keplr wallets whose private keys were exposed by a flaw in its service, which affected wallets created via Google or Apple login, the company said. On-chain data shows 12 recovery addresses it published now hold about $5.6 million in crypto assets, including roughly 2.49 million ATOM worth about $3.3 million on Cosmos Hub. Keplr co-founder Josh Lee estimated about 20% of Google and Apple login accounts were affected, though only a small share were actually exploited.