Flash News

TREE NEWS reports: Whale Loracle fully closed a 20x leveraged gold long position, realizing a cumulative loss of about $1.2535 million. The trader still holds short positions in altcoins ENA, NEAR and CASHCAT and in US equities SanDisk, Nvidia and Micron, worth roughly $79.385 million with an unrealized loss of about $6.765 million, an ROI of about -45%. A separate address holds a 3x HYPE short of 104,699.13 tokens, worth about $9.669 million, with an unrealized loss of about $2.895 million.

TREE NEWS reports: Japan’s Nikkei 225 closed 1.3% higher at 66,364.20 on Thursday. The benchmark index ended the session in positive territory.

TREE NEWS reports: The Hang Seng Tech Index narrowed its decline to 1.5%, recovering from an earlier drop of as much as 2.6%. The index had been down 2.6% before the losses were trimmed.

TREE NEWS reports: Ethereum spot ETFs drew $66.01 million in net inflows on Sept. 24, extending the streak to five consecutive days. BlackRock’s ETHA led with $26.81 million, bringing its all-time net inflow to $13.23 billion. Fidelity’s FETH followed with $21.45 million, for a cumulative $2.42 billion.

TREE NEWS reports: US spot bitcoin ETFs recorded a net inflow of $191 million on September 24, marking a sixth consecutive day of positive flows. BlackRock’s IBIT led with $163 million, bringing its all-time net inflow to $65.185 billion. Fidelity’s FBTC followed with $12.862 million, for a cumulative $11.014 billion.

TREE NEWS reports: Canaccord Genuity lifted its price target on Meta to $950 from $930. The revised target is the only change disclosed, with no new rating or additional detail given alongside the update.

TREE NEWS update: Shenzhen-based Transsion Holdings plans to launch the promotional roadshow for its Hong Kong listing next week. The smartphone maker, known for its Tecno, Infinix and itel brands across emerging markets, is moving ahead with the Hong Kong share sale. No size or valuation for the offering was disclosed.

TREE NEWS update: French semiconductor company Sequans Communications has sold its remaining 314 bitcoin, fully exiting its bitcoin treasury strategy. The company had previously held more than 3,200 BTC. Sequans said the exit follows its May redemption of convertible debt and will let it refocus on its core cellular IoT and software-defined radio businesses.

TREE NEWS reports: Bankless co-founder David Hoffman posted on X that Cypherpunk Technologies (ticker CYPH), a ZEC treasury company, hit another all-time high in its share price, saying he is “on a fucking roll.” Hoffman said his position in the stock has returned nearly 5x since June. He did not disclose the size of his holding.

TREE NEWS update: Tesla announced new promotional offers: orders placed by October 31, 2026 get a 5,000 yuan reduction on the final payment for all Model 3 variants and 7,000 yuan off for some Model Y models, plus a choice of 5-year zero-interest financing, an 8,000 yuan paint option, or special charging benefits. Some Model 3 variants also get an 8,000 yuan insurance subsidy. After discounts, Model 3 starts at 222,500 yuan and Model Y at 256,500 yuan.

TREE NEWS update: Tesla began delivering its Semi electric truck to the first customers this week, nearly nine years after CEO Elon Musk first unveiled the heavy-duty vehicle, executives said at the company’s Sparks, Nevada plant. A Thursday evening livestreamed event at the factory did not disclose production plans or pricing for the truck. Tesla reiterated its plan to build 50,000 Semi trucks a year at the Nevada facility.

TREE NEWS update: Value Partners listed its optical communication active ETF on the Hong Kong Stock Exchange on September 25, the firm announced. The fund is both Value Partners’ first AI-themed ETF and Asia’s first active ETF focused on the optical communication sector.

TREE NEWS reports: Citi said Tencent’s native AI assistant Xiaowei, embedded in WeChat, can leverage the platform’s large monthly active user base, proprietary social graph and mature mini-program commerce ecosystem. The bank expects Xiaowei to open significant long-term monetization through transaction commissions and advertising as agentic commerce grows in China. Citi maintained a Buy rating on Tencent with a HK$765 target price, implying 74% upside from Thursday’s close.

TREE NEWS reports: The Hang Seng Tech Index extended its intraday decline to 2%, with Xiaomi and Alibaba each falling more than 3%. The move marks a broad pullback in Hong Kong-listed technology shares, with the two companies among the index’s heaviest-weighted constituents.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened down 0.96% at 24,523.50 points, while the Hang Seng Tech Index fell 0.99%. Alibaba and NetEase each dropped more than 2%, and JD Health and BYD shares slipped nearly 2%.

TREE NEWS reports: Japan’s Topix index extended its advance to 1% on the day. The broader Tokyo benchmark’s move came as the index widened its gain during the session. No further details on the drivers of the move were given.

TREE NEWS reports: European equity futures opened slightly higher, with Euro Stoxx 50 and German DAX futures each up 0.4% and UK FTSE futures up 0.2%. In the US, S&P 500 and Nasdaq futures each fell 0.2%.

TREE NEWS reports: Japan’s Nikkei 225 opened 0.3% higher on Thursday, while South Korean stock markets remained closed for a public holiday. Trading in Seoul was suspended for the day, leaving the Tokyo benchmark as the main gauge of regional equity sentiment at the open.

TREE NEWS reports: Goldman Sachs Asset Management is underweight the companies borrowing most heavily in the artificial intelligence sector, saying a wave of new debt issuance is hitting the market. The firm expects hyperscale cloud service providers to keep issuing debt in large volumes. The asset manager did not specify which issuers it is underweight.

TREE NEWS reports: Costco Wholesale Corp. reported quarterly profit above Wall Street estimates, helped by a gain tied to tariff refunds. Excluding some items, earnings per share came in at $6.75 for the quarter ended Aug. 30, ahead of the analyst average compiled by Bloomberg. Tariff refunds added 15 cents to EPS.