Flash News

TREE NEWS update: The United States has announced a 50% reduction in tariffs on Canadian steel and aluminum imports, easing trade tensions between the two countries. This move is expected to positively impact Canadian exporters and could influence broader trade negotiations.

TREE NEWS reports: Moderna’s stock more than doubled after a Phase 3 trial showed its cancer vaccine outperformed the standard of care, causing short sellers to lose $4.8 billion. This is a major milestone for the biotech sector, but it is not related to crypto or RWA.

TREE NEWS reports: Prosus plans to invest $100 million in Indian fintech company Navi, marking Navi’s first institutional funding round. The investment underscores Prosus’s continued focus on India’s financial technology sector.

TREE NEWS update: Hong Kong’s ZD Group has been classified as a fraud case by the Hong Kong police, involving HK$1 billion in IPO ‘subscription’ funds. The company is accused of misappropriating funds intended for new stock subscriptions, marking a major scandal in the city’s financial sector.

TREE NEWS update: HSBC and Standard Chartered have completed the first live transaction using Swift’s blockchain ledger, which matched and netted obligations across the banks’ separate platforms. Final settlement still ran through existing systems, marking a step toward integrating blockchain with traditional finance.

TREE NEWS reports: Nebius, an AI infrastructure company with ties to crypto, fell 6% after announcing a $4.5 billion convertible notes offering. The move is aimed at raising capital for expansion, but it dilutes existing shareholders.

TREE NEWS update: US major stock indices opened higher in today’s trading session. The move reflects positive market sentiment, though specific drivers were not detailed in the brief report.

TREE NEWS reports: Shanghai-based InsurTech firm Zhibao has completed a $154.7 million private placement funded entirely in Bitcoin, adding 2,380 BTC to its treasury. The move signals a strategic shift toward crypto as a reserve asset for the insurance technology sector.

TREE NEWS update: South Korea’s Qualified Foreign Investor (QFI) has reportedly acquired a stake in ChangXin Technology, a Chinese semiconductor company. This move highlights growing foreign investment in China’s tech sector amid ongoing geopolitical tensions.

TREE NEWS reports: Marvell Technology has entered into a chip development agreement with Google, according to ChainCatcher. The deal likely involves custom silicon for Google’s data centers, potentially including AI accelerators. This marks a significant collaboration in the semiconductor industry.

TREE NEWS update: DataVita, an AI data center operator, has raised over $400 million in funding, with participation from ING among others. The funds will be used to expand its infrastructure and meet growing demand for AI computing power.

TREE NEWS update: Marvell Technology has issued warrants to Google, potentially deepening their strategic partnership. The move could strengthen Marvell’s position in custom chip development and AI infrastructure.

TREE NEWS reports: Cantor Fitzgerald plans to open access to the Kalshi prediction market for its institutional clients. This move integrates event contracts into traditional finance, potentially expanding the reach of prediction markets.

TREE NEWS reports: The US Treasury will auction $16B in 20-year bonds and release Fed minutes, testing a bond market already at multi-decade highs. A weak auction and hawkish minutes could push yields higher, pressuring tech stocks and global markets.

TREE NEWS reports: Sweden’s H100 reported a $26 million loss for the first half of the year, driven by falling Bitcoin values. The company completed acquisitions to become Europe’s second-largest Bitcoin treasury by holdings.

TREE NEWS update: Glassnode reports that approximately 80% of publicly disclosed companies holding Bitcoin as a treasury reserve are currently at a loss. This highlights the volatility and risk associated with corporate Bitcoin adoption.

TREE NEWS update: Ripple has secured $275 million to expand into traditional financial services, including prime brokerage and multi-asset clearing, driven by strong institutional demand. This move signals Ripple’s push into broader financial infrastructure beyond crypto.

TREE NEWS update: Moderna’s stock surged 30% in pre-market trading, marking a significant move for the biotech company. The sharp rise suggests strong investor sentiment, possibly driven by recent news or developments. This rally highlights the volatility and momentum in the pharmaceutical sector.

TREE NEWS update: Metaplanet announced a $134.6 million deal to acquire nearly 96% of Nasdaq-listed Super League, combining Bitcoin and cash. The acquisition includes seeding a new bitcoin treasury platform, Superplanet, with 2,100 BTC from Metaplanet’s balance sheet, subject to a five-year lockup.

TREE NEWS update: The CEO of Rain revealed that stablecoin payments have reached over 100,000 merchants, most of whom use them without realizing it. This indicates growing mainstream adoption of stablecoins in everyday transactions.