Flash News

TREE NEWS update: Venezuela and Chevron have signed a bonus agreement for the Orinoco heavy oil belt joint venture project. The deal was inked between the two parties, marking a step in their energy cooperation. Financial terms were not disclosed.

TREE NEWS reports: Iran’s currency plunged to an all-time low on Tuesday, with exchange-tracking websites showing the rial trading above 2.2 million against the U.S. dollar. The depreciation reflects deepening economic pressures amid ongoing sanctions and domestic challenges.

TREE NEWS reports: Bitcoin held above $77,000 on Wednesday after ADP reported just 38,000 private jobs added in August, down from 44,000 in July, prompting traders to raise odds of a September Federal Reserve rate increase. The muted reaction came as 84 of the 125 largest non-stablecoin tokens fell, while gold rose 0.84% and the Nasdaq 100 dropped 1.29%.

TREE NEWS update: Delivery Hero’s board has deemed Uber’s acquisition offer fair and adequate, with the transaction expected to close in the second half of 2027. The deal, which values Delivery Hero’s food delivery business, is pending regulatory approvals.

TREE NEWS update: Chevron shares rose about 0.6% to $212.72, poised for a record closing high, after the company announced a $7 billion investment to double its oil production in Venezuela. The move signals confidence in the country’s energy sector despite geopolitical risks.

TREE NEWS reports: Russia’s retail sales rose 5.3% in July from a year earlier, slightly above the 5.2% forecast. The economy expanded 0.6% in July on an annual basis.

TREE NEWS reports: UK 10-year gilt yield rose 0.8 basis points to 5.228% on Wednesday, touching 5.289% at 17:15 BST, the highest since 2007, before paring gains. The 2-year yield added 1.0 basis point to 4.616%, while 30-year and 50-year yields also edged up. The 2/10-year spread was roughly flat at +61.4 basis points.

TREE NEWS update: Ukraine’s state energy company Naftogaz said Norway has detained a Russian ship at its request. The seizure follows a Norwegian court ruling in Naftogaz’s favor over debts owed by Russian companies. Naftogaz has been pursuing international legal action to recover assets linked to Russia’s energy sector.

TREE NEWS update: US Energy Secretary Wright arrived at Venezuela’s presidential palace, Miraflores Palace, on an unannounced visit. The purpose of the meeting was not disclosed. This marks a rare high-level US official visit to Venezuela, amid ongoing tensions between the two nations.

TREE NEWS reports: Former President Donald Trump has proposed renaming the strategic Strait of Hormuz to ‘Trump Strait,’ a geopolitical move that could impact global oil shipping routes. The suggestion, reported by ChainCatcher, highlights the ongoing tensions in the region and potential implications for energy markets.

TREE NEWS update: Officials from G20 members, under the US presidency, recognized that digital assets could support broad-based economic growth and called for improvements in cross-border transactions. They touted ‘clear pathways’ for digital asset innovation, signaling a supportive stance from major economies.

TREE NEWS reports: Bloomberg ETF analysts report that Bitcoin’s correlation with US equities over the past six months has fallen below that of gold and US Treasuries, indicating a shift in its behavior as an asset. This suggests Bitcoin may be decoupling from traditional risk assets, potentially enhancing its appeal as a diversifier.

TREE NEWS reports: Bloomberg ETF analyst Eric Balchunas said on Sept. 2 that over the past six months, Bitcoin’s correlation with U.S. stocks has been lower than that of gold, small caps, emerging markets, and U.S. Treasuries. He noted Bitcoin’s historical correlation with equities is around 0.4, while gold and Treasuries have seen a notable rise in correlation recently. Balchunas said the window is short but enough to refute the claim that Bitcoin is just another QQQ.

TREE NEWS update: Marc Andreessen, Ben Horowitz, and OpenAI’s Greg Brockman have backed the super PAC behind a new ad campaign promoting AI data centers, amid surging public opposition that has reached 61%. The campaign aims to counter growing resistance to data center construction. The funding underscores the escalating battle over AI infrastructure as communities push back.

TREE NEWS reports: Arthur Hayes predicts Bitcoin could hit $1 million by 2030, driven by macroeconomic factors, but he personally favors Ethereum for its potential. He believes Ethereum’s ecosystem and staking opportunities offer better risk-reward.

TREE NEWS update: US stocks opened mixed with the Dow Jones Industrial Average rising 0.37%, while NIO (NIO.N) dropped nearly 4% in early trading. The move reflects ongoing market volatility amid broader economic uncertainties.

TREE NEWS reports: Spot gold rose 1% intraday to $4,372.30 per ounce, while spot silver gained 2% to $65.35 per ounce, data showed on September 2. The moves reflect ongoing market dynamics.

TREE NEWS update: El Salvador’s Bitcoin holdings have increased to 7,762 BTC, valued at approximately $598 million. The Central American nation continues to accumulate the cryptocurrency as part of its national strategy.

TREE NEWS reports: The Trump administration is planning to impose tariffs on imported chips while providing exemptions for US-based manufacturers. This move aims to boost domestic production but could raise costs for foreign chipmakers.

TREE NEWS update: Mexican billionaire Ricardo Salinas Pliego called fiat currency inflation a hidden tax and advised buying and holding Bitcoin, criticizing the current monetary system. He reiterated his long-standing pro-Bitcoin stance, urging investors to seek refuge in the cryptocurrency.