Flash News

TREE NEWS update: Binance has appointed Justin Yek as its new chief financial officer, succeeding Kaiser Ng, who is leaving the company to pursue other career opportunities. Yek previously served as vice president of finance at cross-border payments firm Airwallex, led Southeast Asia technology investment banking at Morgan Stanley and also worked at Citigroup. Ng joined Binance in 2022.

TREE NEWS update: Apple and Meta have objected to the planned OKX-ICE trading venue, meaning all seven of the biggest U.S. tech companies have now asked to keep their shares off the platform. The two companies’ objections complete the set of Magnificent Seven stocks opting out of the venue, which is being developed by crypto exchange OKX and Intercontinental Exchange.

TREE NEWS reports: Coinbase Wallet’s Solana trading volume jumped 12x without any incentive program. The material provides no further details on the timeframe, volume figures or the reasons behind the increase. Coinbase has not issued a statement on the matter.

TREE NEWS update: Coinbase CEO Brian Armstrong said he is devoting substantial personal time to improving the exchange’s app, addressing explanations for frozen funds, a simplified identity-verification flow, faster app launch times, and bugs that lack error explanations or interrupt operations. The fixes will roll out in the coming version updates, and Armstrong invited users to reply with recent problems, saying he and his team are reading the feedback.

TREE NEWS reports: US spot bitcoin ETFs recorded $1.28 billion in net outflows for the week, the heaviest since June, pushing the group’s year-to-date flows negative for 2026. BlackRock’s IBIT accounted for 98% of Friday’s outflows, with $403 million leaving the industry-leading fund.

TREE NEWS reports: The Binance hacker has converted about $175 million in stolen altcoins into roughly 2,300 bitcoin, Elliptic co-founder and chief scientist Tom Robinson said. The funds moved across 16 blockchains, more than 20,000 wallets and at least 65,000 transactions, with about 88 BTC run through Wasabi Wallet. Robinson said the hacker’s main bitcoin and ether holdings remain untouched, while Arkham Intelligence data showed 18,384.725 BTC in linked addresses as of 10 a.m. ET on Nov. 7.

TREE NEWS reports: Starknet’s STRK token has slumped 57% over the past four weeks as the network’s rally unwound. The decline coincided with DeFi total value locked on Starknet falling to $35.8 million after Extended moved its settlement to Arc. Starknet’s proposed transition to a Layer 1 network remains at the research stage.

TREE NEWS reports: AI chip stocks rebounded on Friday following a historic selloff, offering relief to investors. The rebound comes as questions mount over whether politics and rising debt could turn an AI correction into a deeper downturn. The material did not specify which stocks or indexes moved.

TREE NEWS update: MEXC CEO Vugar Usi said the exchange is seeking constructive communication with FinCEN and has launched an independent review of its anti-money-laundering and sanctions controls. Usi said deposits and withdrawals remain operational despite higher withdrawal volume, and that Elliptic has restored MEXC Global to its standard “exchange” category, removing a prior risk flag. FinCEN had ordered US financial institutions to stop processing transfers involving MEXC, alleging it handled at least $16 billion linked to sanctions evasion and cybercrime from May 2021 to May 2026.

TREE NEWS update: Former FBI special agent Patrick Steven Yaroch pleaded guilty on Nov. 5 to wire fraud and money laundering, admitting he used his access to FBI case files to steal about $2.4744 million in cryptocurrency. Prosecutors said he made roughly 100 fraudulent transfers tied to 35 separate investigations, moving funds through swaps and multiple transfers to hide their origin. Sentencing is set for March 4, 2027; he faces up to 20 years in prison.

TREE NEWS update: The U.S. Securities and Exchange Commission submitted a crypto broker-dealer rule proposal to the White House on November 3, 2026, for regulatory review. The proposal touches four Securities Exchange Act rules — 15c3-1, 15c3-3, 17a-3 and 17a-4 — covering net capital requirements, customer asset protection, recordkeeping and record retention. No public draft or release date has been set. Democrats won majorities in both congressional chambers in the November 3 midterms and take control of the new Congress on January 3, 2027.

TREE NEWS reports: OFAC’s official sanctions-search tool lets users look up company names and exact cryptocurrency wallet addresses, but a hit still requires separate identity verification, and an unlisted wallet or company can remain subject to blocking rules. The tool does not clear a party that does not appear in its results.

TREE NEWS reports: A former FBI counterintelligence agent stole almost $2.5 million in cryptocurrency, using the proceeds to pay off debts and to finance a planned move to Portugal, where he intended to buy a vineyard. The theft was carried out by Yaroch, whose first name was not given in the material.

TREE NEWS reports: Restoring access to a crypto wallet hinges on what was lost: a forgotten app password is distinct from lost private keys, and recovery options differ accordingly. Social-login wallets and guardian-based systems also rely on specific credentials or recovery arrangements that must already be in place, meaning users cannot rely on them unless set up beforehand.

TREE NEWS update: Strategy’s perpetual preferred stock Stretch completed its debut offering in July 2025, raising approximately $2.521 billion, with net proceeds used to purchase 21,021 bitcoin, Michael Saylor said. Stretch trades on Nasdaq and carries a monthly dividend rate policy set by the board. Saylor framed digital credit as combining centuries of financial infrastructure including corporate equity, preferred stock, trading markets, tax law and securities regulation.

TREE NEWS reports: Sony’s move to eliminate game discs from PlayStation consoles will have an outsized impact on low-income gamers, experts said. A disc-free console would price out poorer players, while in much of Africa digital-only gaming forces users to break Sony’s rules. The shift away from physical media is expected to reshape how games are bought and resold.

TREE NEWS update: US Central Command chief Cooper ordered the creation of Task Force Iron Gate on November 7, aimed at supporting ongoing US government efforts to stop Iran from transporting advanced weapons and other materiel by land. The roughly 20-person civilian and military team will be based in Tampa, Florida.

TREE NEWS update: Iraqi Foreign Minister Fuad Hussein said on the 7th that current conditions indicate the Middle East may see a renewed war. Hussein said Iraq lost about $60 billion from the halt in oil exports through the Strait of Hormuz, and that exports have resumed after agreements with the US and Iran. He added that the US formally asked Iraq to close all border crossings with Iran except two, and that Iraq told Iran it accepts friendly ties but rejects interference in Iraqi affairs.

TREE NEWS update: Iraq’s Oil Ministry said it will comply with the OPEC+ production level of 4.31 million barrels per day. Raising the output ceiling requires unanimous OPEC+ agreement, the ministry said, adding that it will keep working to secure an increase next year.

TREE NEWS reports: Sinolink Securities chief strategist and deputy director Mu Yiling said A-share market pressure since mid-to-late September has been driven mainly by heightened external uncertainty, and that valuations of core blue-chip stocks are already at historically low levels. He said growth-oriented large-cap blue chips in particular now offer compelling value.