Flash News

TREE NEWS update: Iran reported on Sunday that three of its pilots were killed in the latest US attack on the country. The announcement was made by Iranian officials, who did not provide further details. The incident marks a significant escalation in tensions between the two nations.

TREE NEWS reports: ADP reported August private payrolls rose by just 38,000, well below market expectations of 47,000-48,000 and the lowest since January. The miss initially boosted rate-cut bets, but a hawkish tone from New York Fed’s Williams later reversed sentiment. Small-cap Russell 2000 swung from a 1.2% intraday loss to close up 1.13% at 2,953.

TREE NEWS reports: On-chain sleuth Arkham flagged a wallet, ‘Bonk Guy Fomo,’ with weekly unrealized gains of about $5 million, ~$4.4 million from PONS, bought near a $6 million market cap. The trader, @theunipcs, confirmed the address and hinted gains could hit $6.5 million soon. PONS, a launchpad token on Robinhood Chain, saw $400 million in 24-hour volume on Sept 3, with market cap exceeding $500 million.

TREE NEWS update: Zhou Kai, Communist Party secretary of Ulanqab city in Inner Mongolia, is under investigation for suspected serious discipline and law violations, the regional discipline watchdog announced. The probe is being conducted by the Inner Mongolia Commission for Discipline Inspection and Supervision.

TREE NEWS reports: The Japanese yen strengthened further against the U.S. dollar, reaching an intraday high of 156.07, a gain of 1.7%. This marks a continuation of the yen’s recent appreciation trend, reflecting ongoing currency market dynamics.

TREE NEWS update: China’s Ministry of Water Resources said on June 3 that the Puru Qiangzang barrier lake is flowing normally upstream and downstream, based on drone and satellite imagery. However, a small landslide downstream poses a risk of collapse, potentially forming a new barrier lake.

TREE NEWS update: Liu Liehong, head of China’s National Data Bureau, led a delegation to Guizhou on Aug 28-29, during the 2026 China International Big Data Industry Expo, to inspect data factor marketization reform. The team visited Guizhou Big Data Group, Guizhou AI Data Factory, Anxin Shutong, Lanxiang Zhilian, Shanghai Guan’an, and Tianyima, examining progress on market-based allocation of data factors.

TREE NEWS reports: In H1 2026, China’s NEV sales surpassed 7.4 million units, nearly half of total car sales, while global power battery installations exceeded 608 GWh, with Chinese firms taking seven of the top ten spots and over 70% market share. At the 2026 World Power Battery Conference in Yibin on September 3, CATL chairman Robin Zeng warned against complacency, saying ‘the more we grow, the more we must stay vigilant.’ He emphasized not sacrificing product quality and consumer trust for speed, noting an average of three new car models launch daily in China.

TREE NEWS reports: Burberry shares reversed earlier losses to trade up as much as 2.1% on the day. The move comes after a volatile session for the luxury retailer’s stock.

TREE NEWS update: Isabel Schnabel, a member of the European Central Bank’s Executive Board, is reportedly considering leaving her position ahead of schedule to take a senior role at the International Monetary Fund. The move would mark a significant leadership change at the ECB.

TREE NEWS update: China’s first ‘Token loan’ product for the token economy has been launched in Haizhu District, Guangzhou, with Bank of China’s Guangzhou branch extending about 28 million yuan in credit to related firms. Other banks, including China Construction Bank, Agricultural Bank of China, Bank of Jiangsu, Shanghai Rural Commercial Bank, and Zhangjiagang Rural Commercial Bank, have also introduced compute-related credit products, incorporating computing power and token consumption into credit assessments.

TREE NEWS update: Suiyuan Technology announced the lottery result for its A-share IPO, with 20,657 winning numbers. Each winning number is entitled to subscribe to 500 shares of Suiyuan Technology A-shares.

TREE NEWS update: Multiple drugmakers said the negotiation and bidding for China’s 2026 National Reimbursement Drug List (NRDL), along with price consultations for the commercial insurance innovative drug catalog, will commence on September 5 at the National People’s Congress Conference Center. The National Healthcare Security Administration completed pre-communication with negotiating companies last week. Industry insiders expect the on-site negotiations and price consultations to last four to five days.

TREE NEWS reports: Bitcoin’s correlation with gold has reached a six-year high. However, Glassnode remains skeptical of bitcoin’s recent divergence from U.S. equities, noting that similar moves in the past have been short-lived. Analysts question whether the equity decoupling will persist.

TREE NEWS update: Pencil Finance said it completed a $1 million onchain lending cycle for 6,600 students in Southeast Asia, marking its first-of-a-kind loan. The financing targeted students underserved by traditional lenders.

TREE NEWS update: Russian President Vladimir Putin said on [date missing] that achieving peace between Russia and Ukraine requires the two sides to first reach an agreement on their own. He emphasized that external mediation should not substitute direct bilateral talks. The statement underscores Moscow’s stance on resolving the conflict without imposed solutions.

TREE NEWS update: Jingzhida has signed a procurement agreement with an unnamed client for semiconductor testing equipment, with a total contract value of RMB 1.576 billion. The deal underscores the company’s role in the semiconductor supply chain. Financial details of the contract were disclosed in an official statement.

TREE NEWS update: Guangdong province has added one new generative AI service to its registration list, bringing the cumulative total to 194 registered services. The update reflects the province’s ongoing oversight of AI deployments under national filing requirements.

TREE NEWS update: Beijing’s first high-value land auction since the August 28 housing policy shift saw a significant cooling, with one plot’s live bidding abruptly suspended. Two residential parcels in Chaoyang and Shunyi, with a combined starting price of 14.592 billion yuan, ended online bidding. The market views this as a stress test for the shift to completed-home sales.

TREE NEWS update: Russian Deputy Prime Minister Alexander Novak said the country’s diesel and jet fuel markets are adequately supplied, while noting a certain gasoline shortage persists. The remarks highlight ongoing fuel supply challenges in Russia despite sufficient stocks of other key products.