Flash News

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.

TREE NEWS reports: WTI crude oil rose 2% in intraday trading to $92.85 per barrel. The move reflects renewed supply concerns amid geopolitical tensions. Traders are watching for further escalation and its impact on energy prices.

TREE NEWS reports: After the mid-August short squeeze, Bitcoin’s rebound stalled near $80,000 and retreated to $76,000 amid persistent supply. On-chain data shows floating supply in profit rose to 68% at current levels, up from 65% in May. US 10-year Treasury yields climbed to 4.8%, erasing the relief from Treasury buybacks. Options positioning points to a $14B open interest barrier at the September 25 expiry.

TREE NEWS update: Russian President Vladimir Putin said on September 3 at the Eastern Economic Forum that Russia-US contacts are ongoing and could yield results. He expressed support for fully restoring relations with Washington.

TREE NEWS update: Shenzhen Acting Mayor Li Yun visited Pingshan District and toured companies including BYD, emphasizing the need to foster a first-class business environment and industrial ecosystem. He called for developing new quality productive forces according to local conditions to drive high-quality economic and social development.

TREE NEWS update: Israel’s defense minister said on Tuesday that if Iran attacks, Israel will strike back and send Iran back to the Stone Age. The warning escalates rhetoric amid tensions between the two enemies. No further details were provided.

TREE NEWS update: Japanese Finance Minister Katsunobu Katayama said on [date] that the sense of urgency following coordinated FX intervention with the US remains unchanged, aligning with Prime Minister Takaichi Sanae’s considerations. He added that G7 and G20 counterparts have responded very positively to Japan’s growth and fiscal policies.

TREE NEWS update: The third MDPI Chemistry Summit and inaugural Tang Youqi Award ceremony took place recently at Peking University. The summit aims to foster cutting-edge exchange in chemistry, promote innovation in crystal and structural chemistry, and discuss open-access publishing trends and national science policy. Peng Hailin of Peking University received the inaugural award.

TREE NEWS update: Standard Chartered has become the first major global bank to offer institutional clients spot Bitcoin and Ether trading in the UAE. The move marks a significant step for traditional banking into digital assets, expanding its crypto services in the region.

TREE NEWS update: State Councilor Shen Yiqin inspected elderly care services in Tianjin from the 2nd to 3rd, stressing the need to deepen reform and development of elderly care, expand and improve services to ensure a happy and healthy old age for the elderly.

TREE NEWS update: China’s Ministry of Natural Resources and the China Meteorological Administration issued an orange geological disaster risk warning at 18:00 on September 3. From 20:00 September 3 to 20:00 September 4, parts of southern Zhejiang, eastern and southern Fujian, southern Jiangxi, southern Hunan, eastern Guangdong, and southern Tibet face high risk (yellow). Orange-level high risk applies to southern Zhejiang, eastern and southern Fujian, southwestern Jiangxi, and southeastern Hunan.

TREE NEWS update: Porsche is restructuring its sales and market operations, reducing the number of international sales regions from five to four. The automaker announced the move as part of a broader reorganization of its sales network. The change is expected to streamline operations and improve efficiency.

TREE NEWS update: Shanghai’s municipal government has issued measures to promote sustained growth of farmers’ incomes. The plan emphasizes strengthening agriculture-industry linkages, advancing modern agricultural technology systems, and supporting socialized services to help farmers reduce costs and increase earnings.

TREE NEWS update: Israeli Defense Minister Israel Katz said Iran may be forced to take extreme measures under pressure. He warned that if Iran attacks Israel, it would free Israel from existing constraints. The remarks signal heightened tensions in the region.

TREE NEWS update: Ukrainian authorities have dismantled a Kyiv-based cybercrime ring that used fake Telegram investment ads to lure EU victims to a lookalike exchange, draining wallets of up to $1 million monthly. The operation funneled victims through fraudulent ads into a counterfeit platform that emptied their funds. Details on arrests and charges were not disclosed.