Flash News

TREE NEWS reports: The altcoin market has lost about $200 billion in value, with roughly 70% of tokens on Binance now trading below their 200-day moving average, CryptoQuant analyst Darkfost said. Altcoin market cap excluding Bitcoin and stablecoins had risen $320 billion from mid-August to late September before the pullback erased nearly two-thirds of that gain, as tightening macro conditions and a 14% Nasdaq drop weighed on risk assets.

TREE NEWS reports: On-chain sleuth ZachXBT said he has repeatedly called out Ansem for promoting low-cap and celebrity tokens, but “this cycle, gamblers once again gave him credibility and provided exit liquidity.” The remark, dated Nov. 7, points to the recurring pattern of influential promoters backing small-cap and celebrity coins while retail buyers absorb the downside.

TREE NEWS update: The United States has sanctioned Canadian money-exchange firms for their ties to Iran, offering up to $20 million and possible relocation for information about Iran’s nuclear program. The sanctions target businesses accused of facilitating Iranian financial activity, as Washington escalates pressure over Tehran’s nuclear ambitions. No further details on the firms or the specific sanctions were provided.

TREE NEWS update: CMA CGM is exhibiting at the China International Import Expo for the ninth consecutive year, reaffirming its long-term commitment to the Chinese market. Since entering China in 1992, the French logistics group now operates about 90 direct maritime shipping routes in the country, with more than 260 port calls at Chinese ports each week.

TREE NEWS update: Arc’teryx debuted at the China International Import Expo (CIIE) for the first time, the outdoor brand said. Yin Yi, senior vice president and general manager of Arc’teryx Greater China, said the appearance marks a natural step after nearly 20 years of development in the Chinese market, and the brand hopes to use the platform to deepen cooperation with partners and better participate in China’s outdoor industry. Arc’teryx plans to open more stores in China.

TREE NEWS reports: Ukraine has received $49.4 billion in financial support over the past two years funded by proceeds from frozen Russian assets, based on calculations from Ukrainian Finance Ministry data. In 2026 alone, Ukraine received $10.5 billion, all sourced from the returns on those frozen assets.

TREE NEWS update: New Zealand’s National Party-led coalition has won enough seats to remain in government, the country’s electoral commission said on the 7th, based on results from 95% of ballots counted in the parliamentary election. The partial count indicates the incumbent coalition has secured a governing majority.

TREE NEWS update: China’s Office of the Coordinating Group for Building a Quality Power dispatched four quality inspection teams to relevant provinces, launching the second batch of 2026 quality supervision work. The teams were formed by the office together with relevant member units and have begun entering the provinces. No further details on the provinces or inspection scope were disclosed.

TREE NEWS update: General Motors Global Senior Vice President and President of GM China and Asia Markets Luo Xi said at the ninth China International Import Expo that the expo provides a platform for GM to engage with Chinese consumers and showcase cooperation results. China’s auto market is highly innovative with fast product development and iteration cycles, creating opportunities for innovation and collaboration, and GM remains bullish on developing new energy vehicles in China.

TREE NEWS update: UN Development Programme Administrator Alexander De Croo said on November 6 that artificial intelligence is one of the most powerful tools humanity has ever created, with huge potential to accelerate development. He stressed that countries must strengthen cooperation to improve AI governance and cybersecurity capacity, and ensure that AI developers and producers bear corresponding responsibility.

TREE NEWS reports: A Polymarket user placed a nearly $200,000 bet on Oct. 31 that Nebraska Senator Pete Ricketts would win reelection, one hour before a New York Times/Siena College poll showed Ricketts leading. The trader’s profit exceeded $77,000, and the same user made similar large bets on Kalshi and other markets. Vanderbilt University researcher Brett Goldstein said the sequence is hard to explain as random coincidence and warrants further investigation.

TREE NEWS update: Ouyang Minggao, an academician of the Chinese Academy of Sciences and professor at Tsinghua University, said all batteries currently billed as industrialized solid-state units are actually hybrid solid-liquid batteries, with no true all-solid-state battery in mass production. His remarks follow recent announcements by several automakers that their solid-state batteries had rolled off production lines. The comments were reported by Economic Daily.

TREE NEWS reports: Bitcoin could climb to $120,000–$150,000 by the end of 2027 if liquidity improves and institutional demand returns, said Utkarsh Ahuja, founder and managing partner of Moon Pursuit Capital. He described the post-U.S. midterm rally as a fragile relief bounce rather than a confirmed recovery. Bitcoin briefly reclaimed $80,000 on Wednesday before falling to around $75,000 on Thursday.

TREE NEWS reports: Bitcoin fell below $76,000 on November 7, trading at $75,990.20 per coin. The move came as the largest cryptocurrency held a modest gain of 0.17% over the 24-hour period despite slipping through the round-number threshold.

TREE NEWS update: Gree Electric has won a centralized procurement tender for temperature-control equipment from China Mobile and China Tower, with the order value exceeding 300 million yuan. The winning products include air-cooled fluorine pump room air conditioners, chilled-water inter-column air conditioners, hybrid room air conditioners and base-station air conditioners, providing integrated cooling solutions for data centers and telecom base stations nationwide.

TREE NEWS update: Explosions and the sound of warplanes were heard in Yemen’s capital Sanaa around midday on the 7th local time, with reports saying the Saudi-led coalition carried out airstrikes on the city. No further details on casualties or targets were immediately available.

TREE NEWS update: Iran’s navy said an oil tanker struck a mine in the Strait of Hormuz on Saturday. No further details on the vessel, its cargo, casualties or the extent of damage were immediately provided. The Strait of Hormuz is the world’s most important oil chokepoint, and any incident there carries implications for global crude flows.

TREE NEWS update: Pablo Hernández de Cos, one of two potential successors to ECB President Christine Lagarde, said monetary policymakers must stay vigilant about inflation risks from high energy prices. In an interview published Saturday, de Cos said second-round effects have not yet materialized, but hopes that the conflict would end quickly and energy prices would fall have not been realized. He said any rate hike should come only if central banks see risks to price stability in the latest data.

TREE NEWS update: The European Space Agency announced that an international research team using the ExoMars Trace Gas Orbiter has detected anomalous hydrogen chloride gas distribution and surface fissures in the Arsia Mons region of Mars. The findings suggest that the Martian interior may still retain heat capable of supporting volcanic activity.

TREE NEWS reports: A whale withdrew another 3,300 ETH, worth about $7.42 million, from Binance, bringing cumulative withdrawals over the past six days to 13,080 ETH, or roughly $29.97 million. The transfers were tracked on November 7.