Flash News

TREE NEWS update: The White House Office of Management and Budget is reviewing an SEC proposal on how broker-dealers conduct digital-asset business, submitted earlier this week. An SEC spokesperson said the agency expects to consider a proposal amending broker-dealer financial responsibility, recordkeeping and reporting requirements to clarify how the rules apply to crypto assets. The CFTC also submitted a separate proposal to OMB this week to strengthen consumer protections in prediction markets.

TREE NEWS update: The U.S. Federal Reserve and the Office of the Comptroller of the Currency began contacting banks on Monday to ask about unusual activity or service disruptions following an October 29 attack on Binance that affected about $6.34 billion in digital assets. Roughly $2.85 billion of those assets had been frozen or blocked as of the incident report’s publication. A major U.S. bank’s cybersecurity team contacted Binance within hours of the attack, and Binance said it shared its incident report with all banking partners.

TREE NEWS reports: Goldman Sachs’ equity trading desk fielded a surge of investor calls on Thursday as clients sought to gauge how far the tech-stock selloff would go, but found few genuine buyers. John Flood, head of Americas equity execution services, wrote in a client note that Wednesday was one of the desk’s busiest trading days of the year, while Thursday was the opposite: “Our phones are ringing off the hook” with clients seeking market interpretation, yet “we’re not seeing much buying.”

TREE NEWS update: Apple’s high-grade bond offering attracted $31 billion in subscription orders, the company said. The order book for the investment-grade sale was disclosed without further details on size or pricing. The demand underscores continued investor appetite for top-rated corporate debt from large technology issuers.

TREE NEWS update: US regulators including the Federal Reserve and the Office of the Comptroller of the Currency contacted banks following last week’s $6.3 billion security hack at Binance, with experts raising concerns about transaction security and crypto risks. The outreach underscores regulatory scrutiny of banks’ exposure to crypto-linked risks after one of the largest exploits on record.

TREE NEWS update: Meta launched voice and expression avatars in its Muse app, and will roll out voice conversation with Muse on AI glasses and Muse Charm. The company announced the features without giving a release date or further specifications. The update extends Meta’s AI assistant Muse to wearable devices.

TREE NEWS update: OpenSSH has shipped an urgent workaround for a password bypass flaw affecting Alpine Linux, warning that key-only accounts can be exposed if SSH password authentication remains enabled. Alpine is urging operators to update and restart the server process.

TREE NEWS reports: The Shanghai Futures Exchange crude oil 2612 contract closed up 0.22% in night trading at 639.80 yuan per barrel. Shanghai gold rose 0.27% in the night session, while Shanghai silver slipped 0.06%.

TREE NEWS reports: American Bitcoin, the Hut 8-backed miner, swung to a profit in its latest quarter, reversing a prior second-quarter loss, driven largely by a $197 million gain on its Bitcoin holdings. The result reflects the lift that rising Bitcoin prices gave the company’s balance sheet.

TREE NEWS reports: Brent crude oil broke above $98 a barrel, rising 3.57% intraday. The move puts the international benchmark within $2 of the $100 mark. No further details on the drivers of the rally were provided.

TREE NEWS update: Blockaid warned that a bug in reth can generate incorrect state proofs, and listed patched builds for reth, op-reth and Base. Gauntlet curtailed deposits and allocations in response to the issue. The warning concerns the Ethereum execution client and its OP Stack variants.

TREE NEWS update: Chainalysis said hackers using “offensive agentic techniques” exposed all users’ names, usernames, password hashes and valid tokens, with some customers’ KYT accounts suspected of unauthorized access. The firm has taken its transaction monitoring, address screening and investigation platforms offline and told all users to reset passwords and rotate API keys. Coincheck has suspended crypto withdrawals due to the external on-chain analytics service outage, and ICONOMI also paused withdrawals citing Chainalysis service issues.

TREE NEWS reports: Crypto market participants are drawing a distinction between clearing and settlement, noting that netting offsets obligations and collateral backs performance, but neither process completes payment and delivery. The clarification comes as the industry examines post-trade mechanics. Completing a trade requires actual payment and delivery, which remain separate from netting and collateralization.

TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement facility recorded $125 million in usage on Thursday, November 5, with a single counterparty, down from $225 million the previous trading day. The decline in RRP balances reflects the amount of cash parked at the central bank by eligible counterparties.

TREE NEWS update: Iran’s Supreme National Security Council secretary Mohsen Rezaei delivered a message from Supreme Leader Mojtaba Khamenei to Vladimir Putin during talks in Moscow, Iran’s state news agency reported on the 5th. The two sides also discussed bilateral relations and the latest regional developments, with no further details disclosed. Putin had spoken by phone with Rezaei on the 2nd about West Asia, and Iran’s foreign minister called counterparts from Oman, Jordan, Qatar, Saudi Arabia, Turkey and Kuwait the same day.

TREE NEWS update: The UK 10-year gilt yield closed at 5.132% on Thursday, up 0.2 basis points, after the Bank of England raised interest rates for the first time since 2023. The two-year yield rose 0.6 basis points to 4.748%, having traded near 4.72% before the 20:00 Beijing time announcement, then spiking to a session high of 4.801% at the US market open before easing. The 30-year yield added 1.3 basis points.

TREE NEWS reports: The S&P 500 dropped 3.8% on Thursday, putting emergency trading halts in focus, one day after Trump celebrated stock market records. AI stocks led the sharp decline across Wall Street.

TREE NEWS update: The US Treasury Department’s Office of Foreign Assets Control on Nov. 5 added two individuals, six companies and two vessels to its Cuba-related sanctions list, and imposed additional sanctions on two already-designated companies and three vessels. The firms operate in electronic communications, technical services and maritime transport. OFAC also extended sanctions authority to Cuba’s electronics, manufacturing, maritime and technology sectors, freezing US-held property and interests of designated parties.