Flash News

TREE NEWS update: Nomura’s crypto arm, Laser Digital, has obtained a crypto asset license in Japan, marking the first such approval in four years. This milestone allows the firm to operate in the Japanese market, signaling a positive shift in the country’s regulatory stance towards digital assets.

TREE NEWS reports: Bank of America cautioned that if the US Treasury’s long-dated bond buyback program fails, risk assets could come under pressure. The warning highlights potential liquidity and market stability concerns, urging investors to monitor the program’s progress.

TREE NEWS update: The article discusses how AI infrastructure financing and US Treasury competition are pressuring long-term yields. It highlights the ongoing demand for long-term capital from both sectors, which is affecting the bond market. The piece suggests that this trend could have implications for macroeconomic conditions and risk assets.

TREE NEWS reports: Bank of Montreal (BMO) has initiated research coverage on Nvidia and Micron Technology, signaling potential investment interest in these semiconductor companies. The coverage may influence market sentiment and investor decisions in the tech sector.

TREE NEWS update: Tether’s bitcoin mining project in Uruguay has been terminated due to disagreements over power supply, with the project costing approximately $120 million. The shutdown highlights challenges in the crypto mining sector regarding energy procurement and regulatory issues.

TREE NEWS reports: Bitcoin has dropped below $78,000, marking a notable decline in the cryptocurrency market. The move comes amid ongoing volatility and investor caution.

TREE NEWS update: Solana has achieved a historic milestone by reducing its block time to 350 milliseconds for the first time, significantly enhancing network throughput and user experience. This improvement underscores Solana’s commitment to scalability and performance in the blockchain space.

TREE NEWS reports: South Korean crypto exchange Upbit has announced support for the Nexo (NEXO) token, adding a KRW trading pair. This listing provides Korean investors with direct access to the Nexo token, potentially boosting its liquidity and market presence.

TREE NEWS update: A study by the Bank of Italy found that stablecoin remittances do not offer systemic cost advantages over traditional methods, with on-chain components accounting for only a small portion of total costs. The research suggests that while stablecoins can reduce certain fees, the overall cost savings are limited and not transformative for cross-border payments.

TREE NEWS reports: Analysts note that Ethereum is approaching the key $2,450 resistance zone. A weekly close above this level could pave the way for a move toward $3,000.

TREE NEWS update: Coinkite has released a firmware update for Coldcard hardware wallets, but warns that existing vulnerable seed phrases remain unsafe and urges users to generate new ones. The update strengthens seed generation to prevent potential security issues.

TREE NEWS update: CMB Wing Lung Bank is reviewing zero-balance, non-initiative investment accounts held by mainland investors. Accounts without submitted declarations may face suspension or closure.

TREE NEWS reports: At a CFTC advisory meeting, CME’s Terrence Duffy accused prediction markets of manipulation risk, prompting Kalshi’s Luana Lopes Lara to turn the question back on him. The heated exchange highlighted ongoing regulatory tensions over prediction market oversight.

TREE NEWS update: Bitcoin surpassed $75,000 for the first time in three months, driven by a Treasury buyback plan that fueled a short squeeze. The cryptocurrency is on pace for its best week since March 2024.

TREE NEWS reports: Two Binance employees were detained at Emirati airports as part of police inquiries into possible financial crimes. The UAE has become Binance’s regulatory home, making the detention significant for the exchange.

TREE NEWS update: CFTC Chair Michael Selig told the agency’s new innovation committee that the CFTC will draft its own crypto market structure rules if the Senate fails to pass the Clarity Act. This move signals potential regulatory action in the crypto space, impacting market participants and possibly setting a precedent for other jurisdictions.

TREE NEWS update: The US Treasury expanded its long-dated bond buyback program, raising maximum sizes to at least $4B, which markets interpreted as a signal of potential intervention to cap rising long-term yields. Analysts view this as a ‘Bessent Put’ but note it’s not QE or YCC yet, as the move is small and conditions must worsen significantly before such measures are adopted.

TREE NEWS reports: Circle has minted an additional 500 million USDC on the Solana blockchain, increasing the stablecoin’s supply on the network. This move reflects growing demand for USDC within the Solana ecosystem.

TREE NEWS update: HashKey Global’s HSK token has broken through $0.1094, marking a 24-hour increase of 21.15%. This price surge reflects growing market interest in the token.