Flash News

TREE NEWS update: Coinbase has filed notices with the SEC in a bid to offer single-stock perpetual futures to US customers, expanding its equity-derivatives lineup beyond thematic stock indexes. The exchange still needs CFTC product approval, which it states as the next step.

TREE NEWS update: Revolut announced that the Office of the Comptroller of the Currency (OCC) has conditionally approved its proposed US national bank charter. The fintech still requires clearances from the FDIC, Federal Reserve, and final OCC approval before a planned 2027 launch, which will offer insured deposits, credit, and crypto access.

TREE NEWS reports: Trading terminal volume crossed $1 billion on Sept. 2, the first time since January 2025, with GMGN accounting for nearly half. Of GMGN’s trades, 91% settled on Robinhood Chain. DEX volume across all networks rose 26% over 30 days, while GMGN’s Solana volume stayed flat.

TREE NEWS update: The U.S. Commodity Futures Trading Commission (CFTC) has filed to dismiss a lawsuit brought by CME Group over crypto perpetual futures. The CFTC’s lawyers called the suit “much ado about nothing,” arguing that CME lacked standing to file and contesting its claims regarding the agency’s oversight of such products.

TREE NEWS reports: The US Rate-Cut Winners Index rose 1.27% to 94.04 points on Thursday (September 3), after an initial surge that peaked at 94.80 points at 21:36 Beijing time before retreating. The index tracks stocks likely to benefit from Federal Reserve rate cuts.

TREE NEWS reports: US stock index futures closed higher Thursday night in New York. S&P 500 futures rose 0.97%, Dow futures gained 1.13%, and Nasdaq 100 futures climbed 1.08%. Russell 2000 futures added 0.41%.

TREE NEWS reports: The offshore yuan (CNH) traded at 6.7175 per dollar late Thursday in New York, down 5 pips from Wednesday’s close. The currency traded in a range of 6.7207-6.7162 during the session.

TREE NEWS update: Sophos will integrate OpenAI’s GPT models into its managed risk services. The move aims to enhance threat detection and response capabilities for clients. Details on the specific use cases and deployment timeline were not disclosed.

TREE NEWS reports: Robinhood Chain gas fees jumped 82-fold in 11 days, reaching $4.45 million on Sept. 2, surpassing Ethereum, Solana, and Tron combined. The base fee rose 23 times off its 0.02 gwei floor. Robinhood absorbs the cost in its wallet app until Sept. 29.

TREE NEWS reports: MSCI’s emerging markets stock index rose 0.2% today, while its foreign exchange index also gained 0.2%. The move reflects modest risk appetite in developing markets.

TREE NEWS reports: The dollar weakened broadly on Thursday, with the euro up 0.35% to 1.1629 and sterling gaining 0.29% to 1.3528. The Swiss franc strengthened 0.67% against the dollar, while the Hungarian forint surged 1.90%. Commodity currencies and Nordic currencies also advanced, though the Turkish lira and Brazilian real slipped.

TREE NEWS update: On September 3, Ukraine’s Navy reported that its unmanned boats struck a Russian multi-purpose support vessel at the port of Sochi, causing a violent explosion and large smoke plumes. The vessel is part of Russia’s maritime and energy infrastructure. Russia has not yet responded.

TREE NEWS update: Prediction market Polymarket has listed 67 perpetual futures contracts on stocks, crypto, indices, and commodities, offering up to 20x leverage. The platform blocks order placement from the United States, limiting access to non-U.S. users.

TREE NEWS reports: Spot gold rallied 2.07% to $4,472.28/oz at New York close Thursday, briefly touching $4,510.85 at 23:19 Beijing time. Silver gained 2.56% to $66.984/oz, while COMEX copper rose 1.18%. The Philadelphia Gold and Silver Index closed up 3.04%, and the NYSE Arca Gold Miners Index gained 3.85%.

TREE NEWS reports: PONS, the token behind Robinhood Chain’s meme coin factory, has flipped CASHCAT to become the chain’s largest cryptocurrency by market cap. The token’s price has surged over 18,000% since July, with its chart resembling a hockey stick.

TREE NEWS update: U.S. Vice President JD Vance downplayed opposition to data centers, calling the rapid buildout an investment opportunity amid rising public negativity ahead of the midterms. “You have to make it easier to reinvest in America,” he said Thursday at a White House press briefing, adding that the backlash stems from insufficient electricity construction until about 18 months ago.

TREE NEWS update: US Vice President JD Vance said on September 3 that Washington is investigating a recent attack on a wedding in Iran. Speaking at a White House press conference, he noted that such incidents sometimes happen, but the US has no confirmed information yet. He expressed skepticism toward Iranian media reports and reiterated that the US will not negotiate with Iran as long as attacks on ships in the Strait of Hormuz continue.

TREE NEWS update: Brazil said it may impose reciprocal countermeasures against the European Union if negotiations to lift the EU’s ban on Brazilian meat imports fail to progress. The statement was issued by the Brazilian government, warning of potential retaliation in the ongoing trade dispute.

TREE NEWS update: The U.S. Securities and Exchange Commission today proposed rescinding its “pay-to-play” rule that bars investment advisers from providing compensated services to government clients for two years after certain political contributions. The proposal, if adopted, would remove restrictions aimed at curbing conflicts of interest in public pension fund management. Public comment will be sought.

TREE NEWS reports: On Thursday, September 3, US sector ETFs mostly advanced, with the network stock index ETF up 2.1% and financials ETF gaining 1.56%. Consumer discretionary, technology, banking, global tech, and industrial ETFs each rose at least 1.03%, while semiconductor ETF lagged with a 0.39% gain. Energy ETF fell 0.74%.