Flash News

TREE NEWS reports: Satellite imagery analyzed by research firm Aterio shows IREN’s Horizon 4 data center in Texas, built under a roughly $9.7 billion agreement with Microsoft, still lacks backup generators and cooling equipment and may miss its year-end delivery target. A planned Nebius project in New Jersey, with about 140 megawatts of capacity, could slip to 2027. Microsoft’s AI capital spending last quarter came in about $5 billion below expectations, and its CFO has cited third-party cloud delivery delays as a factor.

TREE NEWS reports: The offshore yuan (CNH) closed at 6.6739 per dollar in New York on Wednesday, down 38 pips from Tuesday’s New York close, marking a second consecutive daily retreat. Intraday trading ranged between 6.6646 and 6.6855, with the quote taken at 05:59 Beijing time Thursday.

TREE NEWS reports: US equity futures closed higher in New York on Wednesday, Nov. 4, with Dow futures up 3.21%, S&P 500 futures up 1.79% and Nasdaq 100 futures up 1.19%. Russell 2000 futures gained 1.74%.

TREE NEWS update: Multiple Chinese motorcycle, electric mobility and accessories brands are exhibiting at the 83rd Milan International Two-Wheel Vehicle Exhibition (EICMA) in Milan, Italy, presenting new products and technologies. The displays drew numerous professional buyers and visitors who stopped to engage with exhibitors.

TREE NEWS update: Qualcomm expects data center revenue to exceed $650 million in the December quarter as the business begins to scale, CEO said. The company also expects QCT non-handset revenue to grow more than 60% year over year in fiscal 2027, while its outlook assumes global handset shipments will be flat to down in calendar 2027. Custom accelerators will begin shipping in October, with Amazon Web Services connectivity solutions accelerating later this month.

TREE NEWS reports: The digital asset industry is being forced to rethink its Washington strategy after Democrats swept Congress, ending two years of a pro-crypto, pro-innovation climate in the U.S. capital. The political shift marks a sharp jolt for the sector, which had built its lobbying and policy approach around a friendlier legislative environment.

TREE NEWS update: Brazilian crypto exchange Mercado Bitcoin will begin a phased restoration of its platform on Nov. 9, starting with website access so users can view balances, statements, assets and investments, with transfers, withdrawals and trading reopening as each module passes final security checks. The exchange reiterated that customer assets will not be lost and that it will compensate affected assets using its own funds. More than $15 million in related assets has now been frozen, up from $12.9 million previously, through collaboration with Tether, Circle, Paxos, BRL1, Chainalysis and crypto community experts.

TREE NEWS update: Ukrainian President Volodymyr Zelensky said on November 4 that he held a roughly 90-minute call with US special envoy Steve Witkoff and Jared Kushner on the trilateral Ukraine-US-Russia talks set for next week. Zelensky said Ukraine has submitted its proposals to the US side and wants to accelerate negotiations to end the conflict as soon as possible. Kyiv also called on the US to supply more air-defense interceptor missiles.

TREE NEWS update: US Senate Democrat Elizabeth Warren said monopolies must be broken up, citing CVS Health as an example. The remarks, made in comments on the healthcare giant, signal continued scrutiny of corporate concentration. No specific legislative action or timeline was announced.

TREE NEWS update: Crypto industry groups have filed suit to strike down Illinois’ new 0.2% tax on digital asset value, which applies to holdings rather than gains. Covered brokers would be required to collect the levy from Illinois customers under the measure. The suit challenges the tax ahead of its collection.

TREE NEWS reports: Spot gold rose 3.32% to $4,060.18 an ounce in late New York trade on Wednesday, Nov. 4, after holding near $4,040 from 16:00 Beijing time. Spot silver gained 4.87% to $52.2265 an ounce, while COMEX copper edged up 0.25% to $6.4180 a pound. The Philadelphia Gold and Silver Index closed up 8.21% and the NYSE Arca Gold Miners Index rose 8.01%, even as the State Street Metals and Mining ETF slipped 1.01% to $95.78.

TREE NEWS update: RoboColosseum, an open robot evaluation program launched by Hugging Face, BitRobot Network, the Singapore Embodied AI Centre and researcher Jiafei Duan, opened on November 5, offering more than 100 real robots including Unitree G1, LeRobot SO-101, YAM and Franka, over 140 field scenarios, open rollout data including failure cases, and 10,000 hours of free evaluation time.

TREE NEWS update: Brazil’s central bank kept its benchmark interest rate unchanged at 13.75% on Wednesday, holding policy steady. The decision leaves the Selic rate at its current level, with no change announced to the monetary stance.

TREE NEWS update: SEC Corporation Finance staff said in a letter that Canton Coin qualifies as a “digital commodity,” applying the agency’s March token taxonomy to the network’s reward token. The conclusion rested on representations Digital Asset made to the agency about how the Canton network operates, the letter shows.

TREE NEWS update: Former FBI agent Patrick Yaroch is scheduled to plead guilty on Thursday, Nov. 5, in federal court in Alexandria, Virginia, to stealing about $1 million in digital assets from crypto wallets tied to an adversarial nation, before Judge Patricia Tolliver Giles. Prosecutors said he used ChatGPT to plan a move to Portugal.

TREE NEWS reports: Australian Bitcoin holders are being advised to consider setting up a self-managed super fund (SMSF) or a company, or even leaving the country, to deal with the large capital gains tax increase scheduled for 2027. The strategies are aimed at mitigating the impact of the CGT hike on their Bitcoin holdings.

TREE NEWS reports: Goldman Sachs and Apollo Global Management are in talks with Wall Street investors to sell portions of a roughly $40 billion SpaceX chip-financing package, with some investors asked to subscribe up to $500 million ahead of a formal syndication. The debt includes an $8.3 billion senior secured loan and several bond tranches, alongside a $7 billion lease prepayment, to fund about $47.3 billion of Nvidia Rubin chips due in the first half of 2027.

TREE NEWS reports: On Wednesday, Nov. 4, the gold ETF rose 3.68% and the U.S. real estate ETF gained 3.18%, leading major U.S. asset-class ETFs, while the Dow ETF added 3.1%, the S&P 500 ETF and Russell 2000 ETF each rose at least 1.51%, and the Nasdaq 100 ETF climbed 0.97%. The U.S. Brent oil fund dropped 8.64% and the VIX long fund fell 9.64%, with the dollar-long index down 0.38%.