TREE NEWS update: Elon Musk said SpaceX’s fourth-quarter revenue is expected to grow about 70% quarter-over-quarter. The projection, given by Musk himself, points to a sharp sequential acceleration in the rocket and satellite company’s top line for the closing quarter of the year. No absolute revenue figure was disclosed.
TREE NEWS reports: Shanghai crude oil futures for the December 2612 contract rose 0.36% in night trading to 639.10 yuan per barrel. Shanghai gold fell 0.53% and Shanghai silver fell 0.41% in the same session.
TREE NEWS update: A rule that would open 401(k) retirement accounts to alternative assets, including cryptocurrencies, has reached the White House for review. The proposal marks a step toward allowing crypto exposure in US retirement plans, moving the measure closer to formal consideration. No timeline for a decision was given.
TREE NEWS update: White House Council of Economic Advisers Chair Phelan said a strong US nonfarm payrolls report should not be expected to prompt the Federal Reserve to raise interest rates. Phelan said the next consumer price index reading is needed to gauge what the Fed will do. On the November 4 midterm elections, he said public dissatisfaction stems from prices still being much higher.
TREE NEWS update: San Francisco Fed President Mary Daly said the Federal Reserve will likely need to tighten monetary policy further and is prepared to raise rates if necessary, calling stubborn inflation her top priority. In a CNBC interview, Daly, a 2027 FOMC voter, said the October jobs report was good news for American workers and that a strong labor market gives the Fed room to address inflation, though more information is needed on the pace and timing of further tightening.
TREE NEWS update: Bitcoin treasury company Strive purchased 15,124 BTC in October, lifting its total holdings to 43,124 BTC, the company said alongside its third-quarter results. Strive also reported $509 million in third-quarter net income. The October buying brings the treasury firm closer to the largest corporate Bitcoin holders.
TREE NEWS update: Federal Reserve Bank of San Francisco President Mary Daly said services inflation will not decline as previously anticipated. The remark signals that price pressures in the services sector remain a concern for the central bank. Daly did not provide a specific figure or timeline in the statement.
TREE NEWS update: Federal Reserve Bank of San Francisco President Mary Daly said interest rates may be slightly restrictive, indicating the current policy stance could be weighing on the economy. The remark, a characterization of the Fed’s rate level, comes as markets watch for signals on the path of monetary policy. Daly did not specify a preferred direction for rates in the comment.
TREE NEWS update: The U.S. Department of Agriculture will roll out an artificial intelligence tool to verify crop production data following errors, the agency said. The tool is intended to check yield figures after mistakes were identified. No launch date, scope or specific error figures were disclosed.
TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility saw $150 million in usage on Friday, November 6, with one counterparty, up from $125 million the prior trading day. The modest volume indicates limited take-up of the Fed’s overnight sterilization tool.
TREE NEWS reports: Citi lowered its 0-3 month LME copper futures price forecast to $13,300 per tonne, down from a previous estimate of $14,500. At current prices, the copper market is set to be in oversupply in 2027-28, the bank said.
TREE NEWS reports: Stablecoin market capitalization changes only when tokens are issued or redeemed, or when the token’s price moves, not when coins are transferred between wallets. Issuance and redemptions alter circulating supply, while transfers leave it unchanged; a price move can shift market cap without any tokens being created or destroyed.
TREE NEWS update: US President Donald Trump said Israel and, in fact, the entire Middle East would not exist today if he had not stopped Iran from obtaining nuclear weapons. “Nobody wants to say it, but everyone knows it’s true,” Trump said. The remark was made without further details on timing or venue.
TREE NEWS update: OpenAI has partnered with Hacktron to identify vulnerabilities in OpenAI’s systems. The collaboration is aimed at finding security flaws in the AI company’s platforms. No further details on the scope, timeline or terms of the partnership were disclosed.
TREE NEWS update: Russian President Vladimir Putin confirmed on Nov 6 that trilateral Russia-US-Ukraine talks on the Ukraine issue will be held on Nov 10 in Abu Dhabi, the capital of the United Arab Emirates. Putin said the Russian delegation members attended a Russian Security Council meeting that day to discuss preparations for the talks. The participants included presidential aides Vladimir Medinsky and Yuri Ushakov, GRU chief Igor Kostyukov, and deputy foreign ministers Mikhail Galuzin and Sergei Ryabkov. Putin thanked the UAE leadership for its efforts to promote a resolution of the Ukraine crisis.
TREE NEWS update: Federal Reserve Bank of San Francisco President Mary Daly said the repricing of AI-related trades has so far proceeded in an orderly manner. She added that if the repricing of AI-related assets signals a slowdown in demand, a modest pullback in economic growth could follow. Daly did not specify which asset classes or markets the remarks referred to.
TREE NEWS update: The Algorand Foundation is shutting down its community forum and advisory council and will pause xGov grants on Dec. 6, the foundation said. It is also shelving Project King Safety while keeping bonus staking support in place through January 2028. The changes mark a pullback in the foundation’s governance and grant programs.
TREE NEWS reports: Hackers behind the Binance breach converted stolen tokens into $124 million worth of bitcoin, Elliptic said, with little of the stolen crypto likely cashed out so far. The blockchain analytics firm added that $2.85 billion of the funds remains frozen, while Binance plans to reopen more withdrawals.
TREE NEWS update: Federal Reserve Bank of San Francisco President Mary Daly said the latest employment report is good news for working-class Americans. Daly, a Fed policymaker, framed the labor-market data as a positive for wage earners in remarks on the jobs figures.
TREE NEWS update: Veranta has added 1,000x leverage trading for bitcoin (BTC) and ether (ETH) on the Base network. The venue said traders can redeem profits immediately, with payouts drawn from a protocol buffer before liquidity-provider capital is used. No launch date or additional terms were disclosed.