TREE NEWS reports: Treasury Secretary Bessent is reportedly using interventions like buybacks and debt restructuring to trigger a short squeeze on CTA bond shorts, aiming to push the 10-year yield down to 4.3% before midterms. Goldman data shows record CTA short positions, making conditions ripe for a squeeze. However, analysts doubt the effectiveness given structural deficits and inflation.
TREE NEWS update: Jack Ma has increased his holdings of Alibaba’s Hong Kong-listed shares, with his total purchases now exceeding HK$600 million. This move signals confidence in the e-commerce giant amid market fluctuations.
TREE NEWS update: Bitcoin’s weekly RSI shows bullish divergence, drawing comparisons to the 2022 bottom, suggesting the macro downtrend may be ending. Analysts weigh the potential for a new price trend.
TREE NEWS reports: The MiMo series has officially launched on B.AI Web Chat, marking a new integration for the platform. This move aims to enhance user experience with advanced AI capabilities.
TREE NEWS reports: A Las Vegas man, Brent Kovar, was convicted by a jury for orchestrating a $24 million Ponzi scheme that defrauded at least 400 investors. Kovar falsely claimed that his supercomputer was mining cryptocurrency for investors and that their funds were FDIC-insured.
TREE NEWS update: The US Treasury has designated digital assets as one of five sectors in a new sanctions campaign targeting Iran, dubbed ‘Economic D-Day.’ This move allows the US to sanction any individual or entity operating in Iran’s crypto sector, alongside technology, gold, aviation, and shipping.
TREE NEWS update: US stock futures edged higher, with storage-related stocks rebounding in pre-market trading. The move suggests a tentative risk-on tone, though the catalyst remains unclear.
TREE NEWS reports: Thailand’s SEC has opened consultations on local Bitcoin and Ether ETF rules and qualification standards for foreign digital asset custodians, signaling a step toward approving crypto ETFs. The move aligns with broader regional interest in crypto investment products.
TREE NEWS update: Strategy raised $2 billion by selling common stock during a record week for bitcoin, but did not purchase any bitcoin. Instead, the company allocated the proceeds to cash, buybacks, and reserves, creating a new $1.59 billion cash pool.
TREE NEWS reports: Crypto whale Jason predicts Bitcoin has further upside above $80,000, with $100,000 potentially arriving sooner than expected. The statement reflects bullish sentiment amid market dynamics.
TREE NEWS reports: OFAC has declared digital assets a sanctionable sector of Iran’s economy under the ‘Economic D-Day’ campaign, meaning any firm worldwide handling significant transactions for Iranian crypto businesses risks losing dollar access. This move escalates US pressure on Iran’s crypto industry.
TREE NEWS update: HyperEVM’s gas fees spiked to over $10 per transaction amid a meme coin frenzy, driven by HYPE’s all-time high of $83.27. Key projects like EGG and CHAMELEON saw massive rallies but have since corrected, while infrastructure like Motion, Kinetiq, HyperLend, and Project X show promise. The ecosystem’s long-term viability depends on user retention and real adoption beyond the meme hype.
TREE NEWS update: Bitcoin’s price surged past $81,000, its highest level since May, driven by the U.S. Treasury’s bond buyback plan and a weaker dollar. The move is attributed to macroeconomic factors rather than crypto-specific developments, reviving the ‘debasement trade’ narrative.
TREE NEWS update: An Indian AI infrastructure company has placed an order for 9,000 NVIDIA Vera Rubin systems, signaling a major investment in AI compute capacity. This move highlights the growing demand for advanced AI hardware in emerging markets.
TREE NEWS reports: Standard Chartered has become the first bank to distribute an HKD stablecoin, expanding the phased rollout of HKDAP into conventional banking. The bank plans to settle tokenized money market funds in the fourth quarter, marking a significant step in integrating stablecoins into traditional finance.
TREE NEWS update: Pudgy Penguins CEO Luca Netz hinted at a potential public listing, sparking a rally in the PENGU token, which surged over 66% in the past week. The announcement has fueled speculation about the company’s future plans and its impact on the NFT and crypto markets.
TREE NEWS reports: SpaceX successfully launched another batch of Starlink satellites, expanding its low-Earth orbit constellation. The mission underscores the rapid growth of satellite internet infrastructure.
TREE NEWS reports: Arthur Hayes notes signs of a comeback in basis trading, which could benefit ENA. The strategy involves exploiting price differences between spot and futures markets. Hayes suggests ENA’s potential upside from this trend.
TREE NEWS update: Anthropic has instructed its San Francisco employees to work from home due to a potential strike by security personnel. The move aims to ensure business continuity and employee safety during the labor action.
TREE NEWS reports: Joe Tsai, co-founder of Alibaba, has spent an additional HK$82 million to purchase 720,000 shares of Alibaba, increasing his stake in the company. This move signals his confidence in the e-commerce giant’s prospects.