Flash News

TREE NEWS reports: Stablecoin firm KAST has acquired Gemini’s shuttered UK and EU operations for under $10 million, though no deal has been formally announced. A KAST job listing describes moving Gemini’s UK and EU staff to KAST and integrating the acquired UK and EU entities, indicating the transaction is under way.

TREE NEWS reports: Where transactions run is only part of the difference between Layer 1s, rollups and sidechains. Ethereum, OP Mainnet, Linea and Polygon PoS illustrate how validation checks, settlement finality and withdrawal wait times diverge across these architectures, shaping the trade-offs users and developers face.

TREE NEWS update: Chongqing’s municipal government released a 15th Five-Year Plan for drug safety and high-quality development, setting 15 quantitative targets across eight sections. The plan aims for a drug inspection pass rate above 99% and more than 10 new innovative drugs and medical devices approved by 2030, with 28 key tasks outlined.

TREE NEWS reports: The U.S. Climate Prediction Center now puts the probability of an El Niño stronger than the 1982-83 event at about 60%, down from an earlier forecast of 83%. The revised figure was issued by the CPC.

TREE NEWS update: Chow Sang Sang said it detected unauthorised access to its systems on November 9, with customer and employee data potentially extracted. The jewellery group said it has moved to stop all unauthorised access, strengthen system security and appointed cybersecurity experts to investigate and advise on remedial measures. Initial findings show the affected systems include its membership system and official e-commerce channels.

TREE NEWS update: Sveriges Riksbank official Seim said inflation will reach levels above the target as the economy performs strongly. Global supply disruptions will mean higher costs for companies, Seim said. Action is needed now to curb inflation.

TREE NEWS reports: Federal Reserve official Hammack said she prefers smaller and more stable changes in interest rates, noting that smaller moves cause less disruption to the economy. She also warned that if the Fed falls behind the curve, it may need to take larger action. The remarks were reported without specifying the date or venue.

TREE NEWS update: SoFiUSD, the first stablecoin issued by a U.S. national bank, is now live on Polygon’s Open Money Stack, adding to its existing deployments on Ethereum and Solana. The bank-issued dollar token expands SoFi’s stablecoin reach to a third blockchain payments stack.

TREE NEWS update: SoFiUSD, the bank-issued stablecoin from SoFi, went live on Polygon, adding the network alongside Ethereum and Solana for the firm’s more than 17 million members. The expansion gives SoFi’s users another chain on which to access the stablecoin. SoFiUSD is issued by a bank, distinguishing it from many stablecoins in circulation.

TREE NEWS update: Nvidia shares fell as much as 10% in premarket trading Thursday after Jensen Huang resigned, dragging down memory and optical communications stocks. Elon Musk and other Silicon Valley figures publicly backed Huang, saying he should not be dismissed before an investigation concludes, while Musk said it would be an honor to hire him. The selloff came as US equity futures slipped and oil extended gains.

TREE NEWS update: Jensen Huang has resigned as Nvidia’s chief executive officer and left the company’s board, sending the chipmaker’s shares sharply lower. Colette Kress will remain Nvidia’s chief financial officer while serving as interim CEO as the board searches for a permanent successor.

TREE NEWS update: Tether, TRON and Chainalysis have formed a Digital Crime Task Force to identify scams, hacks and money laundering involving USDT on TRON and pass leads to law enforcement before victims report a crime. The initiative aims to freeze illicit USDT before it moves, shifting the focus from reactive victim complaints to proactive detection.

TREE NEWS update: Nvidia will report third-quarter fiscal 2027 results on Tuesday, November 17, as previously scheduled, the company said. The chipmaker will hold its earnings conference call at 2 p.m. US Pacific Time that day. Nvidia is a key supplier of AI chips and a bellwether for AI-related demand.

TREE NEWS reports: Ether’s roughly four-week loss reached 14.7%, outpacing bitcoin’s 9.9% decline, as the token approached the $2,000 level. US ether ETFs recorded a fifth consecutive session of net withdrawals, adding to selling pressure on the second-largest cryptocurrency.

TREE NEWS update: Nvidia said Jensen Huang’s contribution to the company is enormous, in a statement that offered no further detail. The remark came without additional figures, context or explanation, and Nvidia did not specify what prompted it. Huang is the company’s co-founder and chief executive.

TREE NEWS update: Republican Senator Kevin Cramer, a member of the Senate Banking Committee, said he would support issuing a subpoena to compel Nvidia CEO Jensen Huang to testify before Congress “if necessary.” Cramer said it would be preferable for Huang to testify voluntarily.

TREE NEWS reports: Bit Digital’s third-quarter revenue of $27 million came in 16% below analyst consensus, a shortfall of more than $5 million. The revenue miss sent the bitcoin miner’s stock down 5% in pre-market trading.

TREE NEWS update: Nvidia CEO Jensen Huang has resigned, and the company has appointed Chief Financial Officer Colette Kress as interim CEO. Nvidia also named Harvey Jones as its first board chairman and said it will consider both internal and external candidates for the permanent CEO role. The changes were announced without further details on Huang’s departure.

TREE NEWS update: Federal Reserve official Hammack said inflation is moving in the wrong direction, signaling concerns about price pressures. The remark points to a policy stance that may favor keeping interest rates higher for longer. No specific figures or policy actions were cited in the statement.