Flash News

TREE NEWS update: US President Donald Trump said he may use military force against Iran if necessary. The remark signals heightened tension over Iran policy and comes without further detail on timing or conditions. It is a geopolitical development that could affect global markets, including risk assets such as cryptocurrencies.

TREE NEWS reports: The US Treasury reported a $404 billion budget deficit for October, the first month of fiscal 2027, marking the largest October deficit on record. The shortfall rose $120 billion, or 42%, from the same month a year earlier, as revenues shrank and spending surged. The figure follows a near-$2 trillion deficit for fiscal 2026 and represents another fiscal setback for Treasury Secretary Scott Bessent.

TREE NEWS update: UK Prime Minister Andy Burnham said there will be “long nights” in the coming week as his government prepares for a summit aimed at deepening UK-EU trade ties. Speaking to reporters on the sidelines of the European Political Community meeting in Dublin on Thursday evening, he said: “The deal is not yet done. Of course, we must hope. We have made a very compelling case, and we have been listened to positively.” The UK wants a new agreement removing post-Brexit paperwork on cross-border trade in animals and plants, while the EU is pushing to ease student mobility between the UK and the continent. Unresolved issues include whether the UK will let EU students pay domestic tuition fees and the annual cap on eligible participants.

TREE NEWS update: Coinbase will list Pearl (PEARL) for spot trading, opening the PEARL-USD pair in supported jurisdictions once liquidity conditions are met. The exchange had added PEARL to its listing roadmap in October.

TREE NEWS reports: Trafigura Group has become the key driver of a historic aluminum squeeze on the London Metal Exchange, with November contract longs now exceeding the exchange’s entire deliverable stock of 226,350 tonnes — the lowest since 1990. The large positions, combined with shrinking LME inventories, pushed the cash-to-forward spread to its steepest backwardation in decades this week, though the spread eased slightly on Thursday while remaining elevated.

TREE NEWS update: Mexican President Claudia Sheinbaum said on Feb. 12 that no migrant caravan has reached Mexico’s northern border since Donald Trump returned to office in January 2025, responding to Trump’s threat to double tariffs on Mexican goods unless Mexico immediately stops caravans heading for the U.S. border. Trump announced the threat in a social media post but did not specify which goods or tariff rates would be affected.

TREE NEWS update: Artist and architect @architect_btc has created Drawing Bitcoin, a visual block explorer that renders each Bitcoin transaction as a circle whose radius is calculated from the logarithm of the transaction amount in satoshis. Initially built on block 865,318 to produce physical artworks, the tool is now a free public block explorer that lets users visualize and compare Bitcoin blocks on a unified scale to observe patterns, correlations and structure within each block.

TREE NEWS update: Anthropic has released a beta version of Claude Meetings, allowing the Claude AI assistant to join video calls as a visible participant. The feature is available on the company’s Team and Enterprise plans. The launch extends Claude from text-based chat into live meeting environments.

TREE NEWS reports: TWST dropped 10.6% over the past 24 hours and was last trading at 112.58 USDT.COM data. The move marks a sharp single-day decline for the token.

TREE NEWS update: Prediction market platform Kalshi has terminated its advisory contract with Donald Trump Jr. after his venture firm 1789 Capital took a stake in rival platform Polymarket, a Kalshi spokesperson said. The spokesperson described the move as a mutual agreement, saying both parties saw a conflict of interest in the president’s son advising Kalshi while being a major investor in Polymarket.

TREE NEWS reports: Talks between Tesla and SpaceX over a potential merger have made progress, people familiar with the matter said. No financial terms, timeline or further details of the discussions were disclosed. Tesla is a listed electric-vehicle maker and SpaceX is a privately held rocket and satellite company; both are led by Elon Musk.

TREE NEWS reports: Bank of America said traders are seeing short sellers cluster into rate-sensitive stocks, pointing to concentrated bearish positioning in equities most exposed to interest-rate moves. The observation, reported by the bank’s trading desk, highlights how rate sensitivity is shaping current short-side activity in the stock market.

TREE NEWS update: European Council President António Costa and European Commission President Ursula von der Leyen said the EU has taken part in this week’s peace talks in Abu Dhabi and will keep following the process, in a joint statement issued after meeting Ukrainian President Volodymyr Zelenskyy in Dublin on December 12. The EU welcomed the new momentum and will continue financial and military aid to strengthen Ukraine’s negotiating position. EU leaders will discuss Ukraine’s urgent 2027 financing needs and a 22nd sanctions package against Russia at a special summit on November 26-27.

TREE NEWS update: Truist Securities analyst William Stein downgraded Nvidia from Buy to Hold and cut his price target to $174 from $346, the firm said. The move halves the prior target on the chipmaker. Nvidia shares were not specified in the material.

TREE NEWS reports: Analyst Ming-Chi Kuo said Nvidia CEO Jensen Huang’s sudden departure creates management succession uncertainty that could let Google’s in-house TPU AI chips gain market share. As major cloud providers reassess AI compute supply, Google may win more customer and supply-chain trust, with key partners Broadcom and MediaTek likely in short-term focus.

TREE NEWS update: Binance said it has fully covered the $6.3 billion in assets stolen in an October hack, stating that all losses from the attack have been made whole. The announcement did not specify how the shortfall was funded. Separately, bitcoin fell 4.0% on the day to trade at $71,435.

TREE NEWS update: US President Trump posted a series of messages on social media on the 12th, calling the Democratic Party “corrupt and evil” and urging Republicans to “fight hard.” The posts did not specify what prompted the attack or what action he was calling for. The remarks mark an escalation in his public criticism of Democrats.