Flash News

TREE NEWS update: A Polygon governance proposal calls for a hard fork to recover 70.49 million POL tied to the Polymarket and Binance incidents, with the funds directed to recovery wallets. The proposal states that the move would not change POL’s total supply.

TREE NEWS update: Osmosis has burned 55.5 million OSMO from its community pool, leaving roughly 63.78 million OSMO in the reserve. New token issuance no longer replenishes the community pool, so the burn permanently reduces the pool’s holdings rather than being offset by fresh emissions.

TREE NEWS reports: Intel shares narrowed their decline to 2.4% on the day, paring a steeper earlier drop. The move leaves the chipmaker down modestly in the session as the stock recovered from its worst levels. No further details were immediately available.

TREE NEWS update: US President Donald Trump launched a sharp attack on Fox News, blaming the network’s declining ratings for Republican electoral losses. The criticism ties the party’s setbacks directly to the outlet’s viewership slump, marking a public rupture with a broadcaster long aligned with his base.

TREE NEWS update: Spain requested technical support from the European Union Agency for Railways on November 4 to assist in the investigation of the October 28 high-speed train accident in Castilla-La Mancha, EU Transport Commissioner Apostolos Tzitzikostas said. The assistance is already under way.

TREE NEWS reports: Citadel Securities head of equity and equity derivatives strategy Scott Rubner said US stocks are poised to rebound into year-end once the midterm elections remove a major source of uncertainty. He cited light positioning, the resumption of corporate buybacks and historically favorable post-midterm seasonality as reasons the path of least resistance is higher. Retail investors have bought US equities net for 22 consecutive sessions, while systematic funds’ US equity positioning has fallen to its lowest since March 31.

TREE NEWS update: House Democratic leader Hakeem Jeffries said Democrats are expected to win at least 255 seats in the U.S. House of Representatives. The projection, stated by the party’s House leader, points to a Democratic majority in the chamber. No further details or seat-by-seat breakdown were provided.

TREE NEWS update: US House Democrats will hold leadership elections on Nov 18-19. The vote will determine the party’s leadership team in the chamber ahead of the next congressional session.

TREE NEWS reports: Ukraine’s dollar bonds rose after markets bet a landslide Democratic victory in the US midterm elections would improve Kyiv’s relationship with Washington and bolster the country’s defense efforts. The 4.5% bond maturing in 2034 climbed more than 1 cent to above 63 cents on the dollar, its highest level in over a month, as investors reacted to a heavy defeat for President Donald Trump’s Republicans.

TREE NEWS update: UBS Group cut about 200 positions in London, including roles in its investment bank, the Swiss lender’s largest hub outside Switzerland. The reduction affects staff across the London operation. UBS did not specify which teams or business lines were affected beyond the inclusion of investment banking roles.

TREE NEWS reports: Microsoft and Alphabet shares rose while Nvidia and Tesla fell following a Democratic sweep in Washington, a split that reflects investors reassessing the government’s approach to AI and Big Tech. The divergent moves underscore how policy expectations are reshaping positioning across the tech and AI complex.

TREE NEWS update: Delegations from Ukraine, Germany, France, the UK and the US met with representatives of NATO and the World Bank to discuss Ukraine’s post-war reconstruction and prosperity, the EU said in a statement. The talks covered identifying the tools and instruments that can support Ukraine’s future development and its own efforts. Work today and going forward will focus on refining the various plans for Ukraine’s post-war economic development and prosperity.

TREE NEWS reports: Shanghai nickel futures rose 2.37% in night trading, leading gains among base metals, while lead added 0.86% and copper gained 0.31%. International copper closed up 0.26%, aluminum edged up 0.02%, zinc rose 0.08% and tin added 0.06%. Stainless steel climbed 1.38%, aluminum alloy rose 0.56% and alumina slipped 0.08%.

TREE NEWS reports: Zcash rose 9.5% ahead of its NU7 network upgrade, expected around Nov. 5. The upgrade will shorten target block times without materially increasing scheduled daily issuance, and node operators face a software-upgrade deadline.

TREE NEWS update: Iran’s Supreme National Security Council Secretary Mohsen Rezaei said the Iranian nation inflicted a major strategic defeat on Donald Trump on the battlefield and at the Strait of Hormuz, while Washington also suffered a heavy political loss. Rezaei said Americans and their government are bearing the high cost of Trump’s belligerent policies, and warned that any force in conflict with Iran will pay a heavy price from the battlefield to its own homeland.

TREE NEWS update: Coinbase said 99% of customer assets are held in cold storage and that it was not affected by the $6.3 billion breach at Binance. The disclosure comes after Binance confirmed the hack. Coinbase did not provide further details on its custody arrangements or the incident.

TREE NEWS reports: UK 10-year gilt yields fell 13.0 basis points to 5.126% in late European trading on Wednesday, November 4, closing in on the August 28 high of 5.023% and nearly erasing the gap opened by the September 1 jump. Two-year yields dropped 11.8 bps to 4.735%, widening losses since 23:40 Beijing time as US midterm election results came in, while 30-year and 50-year yields each fell 12.3 bps to session lows of 5.574% and 4.977%.

TREE NEWS update: The Panama Canal’s administrator said the waterway has yet to see a full recovery in liquefied natural gas (LNG) tanker transits, signaling that shipping through the key trade route remains below normal levels. The remark addresses the canal’s LNG traffic specifically, without giving a timeline or figures for a return to full volumes. The Panama Canal is a major conduit for global LNG and other commodity shipments.

TREE NEWS reports: Moderna’s market capitalization surpassed $100 billion ahead of its quarterly earnings release, with the stock last up 9.5%. The move higher came before the company reported its quarterly results.

TREE NEWS reports: Bitcoin fell to about $75,600 as midterm election results came in, then climbed past $81,000 on Wednesday, forcing out hundreds of millions of dollars in bets against crypto. The rebound squeezed short sellers who had positioned for further declines during the midterm dip.