Flash News

TREE NEWS update: Binance has expanded its proof-of-reserves coverage to 44 tokens following a hack, saying it has replenished about 98% of affected assets. The exchange’s new cryptographic proof remains unfinished and withdrawals are not fully reopened.

TREE NEWS update: TC Ziraat Bankasi AS and Turkiye Is Bankasi AS, the banks overseeing the liquidation of a Turkish fund, sold about $254 million of blue-chip stocks via private placement to investment and pension management companies on Tuesday. The off-exchange sale removes a major source of uncertainty for investors who had been watching how the liquidated fund’s holdings would be sold and whether a large-scale selloff would hit the market.

TREE NEWS reports: Microsoft (MSFT) shares climbed 6.1% to set a new intraday record high. The move marks a fresh peak for the software giant during the trading session. No further details were immediately available.

TREE NEWS update: Riot Platforms has signed a $28 billion AI lease covering its entire Corsicana campus, the bitcoin miner said. Riot has sold 20,264 BTC this year to help fund data centers, while mining still supplied about 64% of third-quarter revenue.

TREE NEWS reports: US crude oil inventories fell by 865,000 barrels in the week ended last week, the Energy Information Administration said. The draw was smaller than the 2.2 million-barrel decline Bloomberg users expected and the 377,500-barrel drop analysts forecast. Inventories had decreased by 1.892 million barrels in the prior week.

TREE NEWS reports: US refinery utilization rose 1.7% in the week ending October 30, compared with expectations of a 0.4% decline and a prior reading of -0.6%. The swing to a gain from the previous week’s drop signals stronger crude run rates at US refineries.

TREE NEWS reports: US distillate inventories fell by 3.565 million barrels in the week to October 30, far exceeding expectations of an 850,000-barrel draw. The previous week’s change was a decline of 1.462 million barrels. The larger-than-expected draw signals tighter refined product supply.

TREE NEWS reports: Bitcoin rose toward $80,500 as risk assets rallied following Democrats’ gains in the US midterm elections. Oil prices also fell, adding to the supportive backdrop for crypto and equities. The move reflects broader market reaction to the election outcome.

TREE NEWS reports: The S&P 500 consumer discretionary sector climbed 4.5% on Tuesday, its best intraday performance in five months, with constituents broadly higher. Expedia (EXPE) rose 11%, Booking gained 9.2%, DoorDash added 8.1% and Amazon rose 7.8%, while Tesla fell more than 2.3% as the only decliner after President Trump’s Republican Party lost a Texas seat.

TREE NEWS update: Equinor evacuated 70 people and halted production at its Visund oil and gas platform in Norway after a fire broke out in the platform’s electrical system, a company spokesperson told NRK. The fire has been extinguished. In a separate market notice issued through Gassco, Equinor said the shutdown is expected to last at least until Thursday morning local time. Visund mainly produces natural gas and is owned by Equinor (53.2%), Petoro (30%), ConocoPhillips (9.1%) and Repsol (7.7%).

TREE NEWS reports: Lyft shares extended their gain to 11% while Uber rose 7%, a move in the two US ride-hailing stocks. No further details on the trading session or the drivers behind the gains were given. Both companies are listed on US exchanges.

TREE NEWS reports: Freddie Mac shares fell 24% while Fannie Mae shares dropped 22%. No further details on the cause or timing of the declines were provided in the available material.

TREE NEWS update: Greenland’s parliament voted on November 3 to approve a security agreement between the United States, Denmark and the autonomous territory, clearing the way for a expanded US military presence on the island. The session was briefly suspended amid a dispute between Greenland’s self-government and the opposition. US President Trump, Danish Prime Minister Frederiksen and Greenland Premier Jens-Frederik Nielsen signed the pact in September.

TREE NEWS update: The European Union’s chip design platform will mobilize €525 million in investment, the bloc announced. The funding is aimed at supporting semiconductor design capacity within the EU. No further details on the timing or allocation of the investment were provided.

TREE NEWS update: The U.S. Energy Information Administration will publish its weekly government crude oil inventory report at 23:30 Beijing time, the agency’s scheduled release slot. The report covers national crude stockpiles and is a scheduled data release, not a market event. No figures were given ahead of publication.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps said on the 4th that it shot down a US MQ-1 drone over Qeshm Island using a new advanced air-defense system. The IRGC said the enemy had stepped up reconnaissance and intelligence activity in recent nights to probe Iran’s air defenses and had carried out “conspiratorial actions” in the Strait of Hormuz, which Iran said its navy continues to monitor and control.

TREE NEWS reports: Alphabet shares rose 5.8% on the day, marking the stock’s largest intraday gain since August. The move lifts the Google parent company sharply in the session. No further details were immediately available.

TREE NEWS reports: Citi set a 0-3 month gold price target of $4,500 per ounce, citing substantial upside if the Strait of Hormuz reopens and Yemen-Saudi tensions ease by year-end as expected. The bank set a 6-12 month target of $5,000 per ounce. Citi also said a sharp drop in oil prices could prompt the Federal Reserve to begin cutting rates, making gold more attractive to investors and fueling a new global gold rally.

TREE NEWS reports: The Polkadot Treasury lost $1.38 million after an XCM patch failed to reach production, distorting DOT/dotUSD pool pricing. A later upgrade repaired the stablecoin’s supply accounting without changing holders’ balances.

TREE NEWS reports: Apple, Microsoft, Google and Amazon all posted sharp gains, adding a combined $1.13 trillion in intraday market value. Amazon rose 8.14% and added about $220.7 billion, the largest percentage gain of the four. Apple climbed 6.50% and added roughly $313.4 billion, Microsoft gained 6.41% for about $248.1 billion, and Google’s A and C shares rose 5.06% and 5.11%, adding a combined $349 billion.