TREE NEWS reports: The S&P 500 fell 2.4% for the week amid the U.S. midterm elections and nonfarm payrolls data, while the Dow dropped 0.9% and the Nasdaq slid 3.4%. The Nasdaq 100 lost 5% and the semiconductor index tumbled 12.4%, with the memory-chip index down 21.5%. On the day, the S&P 500 and Nasdaq 100 both rebounded, gaining 0.3% and 1.3% respectively.
TREE NEWS reports: The Nasdaq Golden Dragon China Index rose 1.5% in preliminary closing, bringing its weekly gain to 8%. Among individual names, Zai Lab climbed 12.6%, Hesai gained 11.4%, Canadian Solar rose 7.7%, JinkoSolar added 6.9%, ASE Technology gained 6.6%, Lenovo rose 5.2%, Baidu advanced 3% and Alibaba added 1%, while Pinduoduo fell 1%. Among ETFs, KWEB rose 0.2% and CQQQ slipped 0.3%.
TREE NEWS update: OpenAI has completed a new $11 billion funding round, valuing the company at $1.25 trillion. The round marks one of the largest private financings on record and lifts the AI developer’s valuation to a level comparable with the world’s largest listed companies. No investors in the round were disclosed.
TREE NEWS reports: The Mexican peso rose 0.6% on Friday, recovering part of the previous session’s losses after the Bank of Mexico unexpectedly cut its benchmark interest rate by 25 basis points, calling the move a one-off adjustment. Mexican stocks gained 0.3%, extending gains to a third straight session. The region’s currencies were flat overall, with the MSCI Latin American currency index on track for a second consecutive weekly decline.
TREE NEWS update: Gnosis Pay said a data breach exposed customer card details, personal information and crypto wallet data, while customer funds remained safe. The crypto debit card provider disclosed the exposure of sensitive financial and personal information but did not specify how many customers were affected or when the breach occurred.
TREE NEWS reports: A wallet linked to Ansem (3bzbmH78…E1uUs) withdrew 504.5 SOL, worth about $69,000, from an exchange in two transactions on June 25, 2024. The same day, it moved 377.43 SOL, valued at roughly $52,300, to Ansem’s main wallet (AVAZvHLR…5QNXYm). The exchange’s hot wallet had sent 99.06 SOL, worth about $16,400, to the sub-wallet on May 31, shortly after the JENNER and MOTHER launches.
TREE NEWS update: Greece’s parliament passed a cryptocurrency tax law that, from January 1, 2027, imposes a 10% tax on all gains for investors whose annual net gains exceed €500, with staking, crypto lending and DeFi liquidity provision income taxed separately at 15%. The parliament’s scientific service warned that broad wording on “disposal for consideration” could bring crypto-to-crypto swaps into scope and recommended an explicit swap exemption. The finance ministry will issue guidance on transparency and audits in coming weeks.
TREE NEWS update: The US Treasury Department has withdrawn a controversial proposal that would have expanded reporting requirements for cryptocurrency transactions. The plan, tied to the so-called travel rule, would have broadened surveillance of digital-asset transfers. The withdrawal removes, for now, a planned expansion of crypto transaction reporting obligations.
TREE NEWS update: TRM Labs executive Ari Redbord called the record $6.3 billion Binance theft an act of “cyber war” and urged governments to take offensive action against North Korean hackers. The remarks follow the largest cryptocurrency exchange hack on record, which Redbord attributed to state-linked actors.
TREE NEWS reports: Speculative traders held a net long position of 102,321 yen contracts in the week to Nov. 3, the U.S. Commodity Futures Trading Commission said. The same positioning data showed a net short of 157,791 contracts in the euro, 59,821 in the pound and 16,589 in the Swiss franc.
TREE NEWS reports: Speculators reduced their net short position in CBOT 10-year U.S. Treasury futures by 19,179 contracts to 962,359 in the week ended Nov. 3, the Commodity Futures Trading Commission said. Net shorts in 2-year Treasury futures fell 6,932 to 1,002,544 and ultra-long Treasury futures dropped 21,646 to 361,932. The 5-year Treasury futures net short rose 246,314 to 1,275,370.
TREE NEWS reports: COMEX gold speculators cut their net long position by 3,107 lots to 104,297 in the week to Nov. 3, the CFTC said. Silver net longs slipped 238 lots to 2,665, while copper net longs fell 5,988 lots to 34,444 over the same week.
TREE NEWS reports: U.S. Commodity Futures Trading Commission data show stock fund managers increased their net long position in CME S&P 500 futures by 55 lots in the week ended Nov. 3, bringing the total to 917,568 lots. The weekly positioning snapshot reflects how asset managers were placed in equity index futures during that period.
TREE NEWS reports: Speculative net long positions in WTI crude fell by 17,846 lots to 86,469 in the week ended Nov. 3, the CFTC reported. Over the same week, natural gas speculators across the four NYMEX and ICE markets increased their net short positions by 23,133 lots to 219,265 lots.
TREE NEWS update: Arbitrum has launched a new perpetual market called Internet Meltdown, allowing users to trade internet security risk through @perpdotcity, the network said in a post on X. The market is hosted on the Arbitrum network and focuses on exposure to internet security risk.
TREE NEWS reports: CBOT soybean futures fell 3.22% over the week to $11.9450 a bushel, closing Friday’s New York session lower, with soymeal down 1.72% and soyoil down 5.45%. The Bloomberg Grains Subindex slipped 0.04% to 29.3476 points and lost 2.25% for the week. Corn fell 1.23% to $4.4225 a bushel and wheat dropped 2.15% to $5.9050; lean hogs slid 9.34%, live cattle 3.07% and feeder cattle 3.94%.
TREE NEWS update: Zcash completed Network Upgrade 7 (NU7), cutting its block target time from 75 seconds to 25 seconds and adjusting the block reward to 0.52083333 ZEC to maintain a fixed daily issuance. The supply cap remains 21 million ZEC, with the next halving expected in late 2028 at block height 6,132,390. ZEC rose from $1,225 to above $1,380 before trading near $1,345, up about 8% in 24 hours.
TREE NEWS reports: The U.S. Department of Labor’s proposal on digital assets in retirement plans sets no minimum market-cap threshold and requires plan fiduciaries to weigh performance, fees, liquidity, valuation, benchmarks and complexity. Teresa Goody Guillén of Bellementis PLLC said bitcoin and ether may enter 401(k) plans first, though market cap is not the deciding factor, and expects ETFs and managed funds to launch before direct crypto holdings. Trace Finance CEO Bernardo Brites expects crypto options to begin appearing in 2027, with broader retirement-fund availability by 2028.
TREE NEWS reports: The ICE US Dollar Index rose 0.75% to 102.310 at the New York close on Friday, November 6, its largest single-day gain in about five months. The index traded continuously higher through the session within a range of 101.099 to 102.358 and gained 0.42% over the week. The Bloomberg Dollar Index added 0.42% to 1227.43, up 0.36% for the week after touching its period low before the European open on November 5.
TREE NEWS update: The U.S. Treasury’s FinCEN ordered a ban on U.S. financial institutions transferring funds to or from crypto exchange MEXC Global, cutting it off from the U.S. financial system under Section 9714(a) of the Anti-Russia Money Laundering Act. The order, part of “Operation Economic Outcast,” takes effect 30 days after publication in the Federal Register. Treasury said MEXC facilitated at least $16 billion in transactions tied to Iran, North Korea and Russia sanctions evasion and cybercrime between May 2021 and May 2026, including about $22 million linked to Iran’s central bank and the IRGC Quds Force.