Flash News

TREE NEWS update: US President Donald Trump said on November 4 that the midterm election losses were largely caused by the conflict with Iran, but that he would make the same decision again. Speaking at the White House in his first appearance after the defeat, Trump said Iran must never be allowed to obtain nuclear weapons, confirmed Defense Secretary Hegseth would stay and said impeachment by Democrats would destroy the Democratic Party.

TREE NEWS reports: Shanghai Futures Exchange crude oil futures for December 2026 delivery closed the night session down 7.07% at 628.40 yuan per barrel. In the same session, Shanghai gold futures rose 2.61% and Shanghai silver futures gained 4.80%.

TREE NEWS update: The U.S. Securities and Exchange Commission’s Division of Corporation Finance said in a letter Tuesday that it views Canton Network’s native Canton Coin as a “digital commodity” and would not recommend enforcement action over its programmatic minting. Canton filed its request on Oct. 30 and SEC staff replied four days later. Canton said the relief is the first of its kind since the SEC’s March interpretive release and its August proposed crypto asset rules.

TREE NEWS update: USDC Treasury minted 250 million USDC on the Solana network at 02:14 Beijing time, worth about $250 million. The mint transaction has been confirmed. The issuance adds to the stablecoin’s circulating supply on Solana.

TREE NEWS update: Canadian Prime Minister Mark Carney will travel to Europe and Asia from Nov. 11 to Nov. 19, his office said. The trip spans the two regions over a nine-day period. No further details on the itinerary or the purpose of the visits were provided.

TREE NEWS reports: The direction of US-Iran negotiations will become clear on Friday, with significant progress already made in the talks. The report did not specify the nature of the progress or the issues under discussion.

TREE NEWS update: US President Donald Trump said he is not considering replacing Defense Secretary Pete Hegseth. The remark addresses speculation about Hegseth’s position at the Pentagon. No further details were provided.

TREE NEWS update: Iranians held anti-US and anti-Israel rallies across multiple cities on November 4, the country’s “Day of Opposition to Global Arrogance,” denouncing what they called US and Israeli hegemony. Tehran Mayor Alireza Zakani said Iran’s struggle against the US is aimed at confronting oppression and criminal acts, and that US and Israeli attempts to seek regime change in Iran will fail. He added that Washington cannot achieve its goals through economic war, as Iran is taking steps to defeat US economic and cognitive aggression.

TREE NEWS update: US President Donald Trump said he alone will decide when the war with Iran ends, stating “I’ll end the Iran war whenever I want.” Trump also said he knew in advance the war would affect elections and that he would not do anything differently on Iran, adding that Vice President JD Vance may not run for office.

TREE NEWS update: US President Donald Trump said Vice President JD Vance’s post was good and that he knows Vance’s views on war, in remarks carried in a brief statement. Trump did not elaborate on the content of the post or specify which conflict was being referenced. The comment comes as the administration’s foreign policy posture continues to draw attention.

TREE NEWS update: US Vice President JD Vance on November 4 blamed the war with Iran for the Republican Party’s midterm election losses, writing on social media that “the root cause of our election loss is this war” and that the president himself has acknowledged it. Vance said turnout among Republican voters was not low, but that many 2024 Trump-Vance voters backed Democrats in the 2026 midterms. He cited a pollster’s findings that the top four answers from swing voters were ending the war, focusing on cost of living and inflation, upholding “America First,” and adjusting relations with Israel.

TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility recorded $225 million in usage on Wednesday, November 4, with one counterparty, down from $427 million in the prior trading session. The figure reflects the amount of cash parked at the central bank through the RRP facility.

TREE NEWS reports: Monero requires privacy mechanisms for ordinary transfers, while Zcash supports both transparent and shielded transaction modes. Neither network erases the identity records held by exchanges where users buy or sell the coins. Bitcoin was also included in the comparison.

TREE NEWS update: US President Donald Trump said he is not concerned about the prospect of impeachment should Democrats take control of the Senate and House, warning that impeaching him would destroy the Democratic Party. The remarks address a scenario in which Democrats win both chambers of Congress.

TREE NEWS update: Bitcoin developer Matt Corallo said the next soft fork, aimed at patching four legacy bugs, is as much about rebuilding the community’s coordination muscle memory as it is about maintenance. The upgrade is being framed as a practice run for future protocol changes. Corallo’s comments underscore the technical and social work involved in changing Bitcoin’s code.

TREE NEWS update: US President Donald Trump said he does believe launching war with Iran was worth it, calling the Iran issue something that had to be done and vowing to continue. He also said it is true that Republicans broadly lost the midterms because of the Iran war, but attributed the losses to prices rather than the war, and said he would deal decently with Democrats while denying he asked Speaker Mike Johnson to drop his bid for House Republican leadership.

TREE NEWS reports: OECD data show negotiators resolved a record number of cross-border tax disputes through the mutual agreement procedure (MAP) in 2025, with nearly two-thirds of cases closed last year eliminating double taxation entirely. The figures also show an increase in advance pricing arrangements (APAs), through which taxpayers obtain pre-approval of their transfer pricing arrangements for a set period to gain certainty.

TREE NEWS update: A single vessel paid up to $5.2 million to transit the Panama Canal this year, the canal authority’s administrator said. About three liquefied natural gas carriers now pass through the waterway each week, compared with two per day before the war.

TREE NEWS reports: Circle is turning to payments fees and future staking rewards to diversify revenue as lower yields and rising competition pressure its core stablecoin business, with the ARC token sale lifting earnings. The company’s USDC income is being weighed down by the softer rate environment, prompting a push beyond stablecoin reserves into payments and staking.