Flash News

TREE NEWS reports: US Vice President JD Vance has been discussing Iran almost daily with the prime ministers of Qatar and Pakistan, as Washington and mediators explore the possibility of a working-level US-Iran dialogue. The idea of a US-Iran working group meeting has not yet been finalized. No date or format for such talks has been set.

TREE NEWS update: The United Steelworkers union reached a tentative agreement with Cleveland-Cliffs covering about 12,000 workers across several states. The deal includes a base wage increase of more than 18%, retains premium-free health insurance, and commits the company to at least $4 billion in investment at union-represented plants. The agreement increases pressure on U.S. Steel to reach a similar deal; USW said U.S. Steel’s latest offer falls short on wages.

TREE NEWS reports: Two missiles struck Qeshm Island in Iran in the early hours of the 7th. Iranian officials have not released details. The explosions may have been a US airstrike targeting an Iranian air-defense missile launcher on the island that had fired at a fighter jet.

TREE NEWS update: Circle’s minting address executed a transaction minting 250 million USDC on the Solana network at 06:06 Beijing time on November 7. The newly issued tokens are valued at approximately $250 million. The mint was flagged by Whale Alert.

TREE NEWS update: Greece’s foreign ministry issued a navigational warning on Nov. 6 authorizing a French company to survey and lay cable in the eastern Mediterranean for the Greece-Cyprus electricity interconnector, with Cyprus issuing a parallel warning for surveys in its exclusive economic zone from Nov. 19, 2026. Both warnings run four months. Turkey’s foreign ministry objected, saying parts of the French-flagged survey vessel’s work area fall within its claimed continental shelf.

TREE NEWS reports: The offshore yuan (CNH) weakened to 6.6730 per dollar at the New York close on Friday, down 82 pips from Thursday’s close, trading in a 6.6615-6.6743 range. The US non-jobs report triggered a brief V-shaped move but did not significantly alter the day’s overall downward trend. For the week, the CNH fell about 200 pips, or roughly 0.3%, with a sharp drop around 08:30 on November 3.

TREE NEWS update: Fitch Ratings affirmed Greece’s long-term foreign-currency issuer default rating at BBB with a stable outlook, the agency said. The rating sits one notch above the investment-grade threshold, making Greece the second-lowest rated investment-grade sovereign. The stable outlook indicates Fitch does not expect a rating change in the near term.

TREE NEWS update: New Zealand opened polls for its general election on Saturday, with more than 2,300 polling stations operating from 9am to 7pm and nearly 3.8 million voters registered, 93.6% of the estimated eligible electorate. Advance voting had already cast over 1.66 million ballots by Nov. 5, up from about 1.37 million at the same point in 2023. The National-led coalition and the Labour-led opposition are locked in a tight race, with neither bloc expected to win an outright majority, leaving minor parties to decide the next government. Preliminary results are due Saturday night, with official counts on Nov. 27.

TREE NEWS reports: In late New York trading on Friday, Nov. 6, Nasdaq 100 futures closed up 1.42%, while Dow futures fell 0.42%. S&P 500 futures gained 0.4% and Russell 2000 futures rose 0.89%.

TREE NEWS reports: Spot gold fell 0.4% to $4,071.39 an ounce in New York trading on Friday, hitting a session low of $4,028.49 after the US nonfarm payrolls report, but still gained 5.06% for the week. COMEX gold futures rose 4.65% on the week to $4,080.10. COMEX copper futures fell 3.8% for the week to $6.2605 a pound.

TREE NEWS update: Aave Labs has acquired the team behind Avon, adding Avon’s lending protocols and onchain order book to its fixed-rate lending development efforts. The deal’s financial terms were not disclosed, and Aave Labs has not named a first market or launch date for the acquired technology.

TREE NEWS reports: Arini Capital Management’s main hedge fund lost 19.7% in October, bringing its cumulative decline for January through October 2026 to 32%. The figures, attributed to people familiar with the matter, mark a sharp drawdown for the credit-focused hedge fund over the first ten months of the year.

TREE NEWS update: The U.S. Justice Department and lawyers for Federal Reserve Governor Lisa Cook asked a federal judge on Friday to keep the legal dispute over President Trump’s attempt to remove her on hold until a White House hearing scheduled for December. In a joint filing to U.S. District Judge Jia Cobb, they said the court should suspend upcoming deadlines and will update her again in early January. The Supreme Court this summer found Trump did not give Cook a proper chance to defend herself before his first removal attempt and allowed her to stay on the job.

TREE NEWS update: Anthropic will begin its IPO roadshow next week, the company said, setting up a public listing for the AI developer. No pricing terms, valuation or exchange were disclosed in the announcement. The roadshow marks the next step toward a stock-market debut for one of the sector’s largest private AI firms.

TREE NEWS update: SpaceX board member Donald Harrison has resigned, following a midterm election in which US President Donald Trump’s Republican Party suffered a heavy defeat. The material did not specify a reason for the resignation or a date for the board departure. Harrison’s exit comes as the company’s board composition draws attention after the electoral loss.

TREE NEWS reports: Bitcoin rose above $76,000, trading at $76,006.10 per coin with a 0.19% gain on the day, OKX market data showed. The move marks a fresh push past the $76,000 threshold for the largest cryptocurrency.

TREE NEWS update: Paraguay’s Congress passed an impeachment motion against President Santiago Peña. The vote moves the process against the sitting president forward in the national legislature. No further details on the grounds for the motion or the next procedural steps were given.

TREE NEWS update: Paraguay’s Senate voted to remove President Pena from office amid the Ueno Bank scandal. The Senate’s action follows the controversy surrounding the bank, though the material did not specify the vote count or the next steps in the process. Pena’s removal marks a major political shake-up in the South American country.

TREE NEWS reports: Fidelity transferred 27,000 ETH, valued at about $60.27 million, to Galaxy Digital on November 7. The latest move was a 10,000 ETH transfer worth roughly $22.32 million. Arkham data shows the transfers originated from a Fidelity Custody address, and the ETH may be intended for sale.

TREE NEWS reports: The MSCI Emerging Markets Index fell 2.7% to its lowest level since April, bringing its weekly decline to 4.1% and marking a sixth straight week of losses. Investors are anxious that midterm election results raise the risk Democrats will tighten regulation of the artificial intelligence industry. The MSCI Emerging Markets Currency Index was roughly flat.