Flash News

TREE NEWS update: Chainstack disclosed that an AI-powered security breach exposed customer data and said the threat is now contained. The blockchain infrastructure provider is treating node credentials as compromised and has asked customers to rotate them and change passwords. The company did not specify how many customers were affected or when the breach occurred.

TREE NEWS reports: Brent crude oil rose 1% intraday to trade at $93.8 per barrel. The move marks a gain of 1% within the session for the global benchmark.

TREE NEWS reports: New-energy vehicle penetration exceeded 50% across all vehicle segments in October, Cui Dongshu of the China Passenger Car Association wrote in a note. The average passenger car price was 16.2万元 in October, down 0.1万元 year on year, which he attributed largely to Tesla’s unusually low prices. The 2025 average passenger car price was 16.7万元, down 1.7万元 from 2024’s 18.4万元, while the 2026 average stood at 17.2万元, up 0.5万元 from the same period a year earlier.

TREE NEWS reports: The onshore yuan closed at 6.6689 per dollar at 16:30 Beijing time on Wednesday, up 16 pips from the previous official close and 60 pips from the prior overnight close. The official fixing reflects the day’s final traded level in the onshore market.

TREE NEWS update: ZetaChain’s community voted 100% in favor of a second governance proposal to migrate ZETA to Solana, with the L1 set to halt at block height 20,755,000 around December 9, 2026. About 55 million unissued ZETA from validator incentives will be burned monthly through 2027, cutting total supply to 2.045 billion. Users can claim Solana-based ZETA 1:1 via ZetaHub at no cost, and the ZetaLabs private AI product launches December 9.

TREE NEWS update: Indonesian President Prabowo Subianto said he respects and supports Vice President Gibran Rakabuming Raka’s decision to resign, calling for all parties to remain calm. The statement follows Gibran’s resignation announcement. No further details on the timing or reasons for the resignation were provided.

TREE NEWS reports: US President Donald Trump and Israeli caretaker Prime Minister Benjamin Netanyahu erupted in a “hellish, fierce argument” during a phone call last weekend over whether to restart military action against Iran, Fox News reported on the 11th, citing Israeli media. The report did not specify the outcome of the call or any decision on renewed strikes.

TREE NEWS update: Server demand now accounts for more than 50% of total memory demand, ChangXin Technology vice president Luo Xiaodong said at the 2026 IC China conference on Nov. 12. He said memory demand has entered a “tiered era,” with high-end storage and high-performance chips rising in the server segment. Automotive storage per vehicle is also climbing, and demand for in-vehicle memory and automotive-grade chips is expected to grow at a compound annual rate of about 30% through 2030.

TREE NEWS update: China’s Ministry of Commerce said on November 12 it is willing to continue strengthening cooperation with the US under the bilateral economic and trade consultation mechanism, ahead of next week’s APEC summit in Shenzhen. The remarks came at a regular press conference after Vice Premier He Lifeng held a video call with US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer on November 6.

TREE NEWS reports: Stifel lowered its Nvidia price target to $205 from $315 while keeping a Buy rating, treating a leadership transition as its base case. The cut stems mainly from valuation: the firm reduced its FY2028 P/E multiple to 13x from 20x. Bernstein downgraded Nvidia to Market Perform with a $200 target, and Morgan Stanley removed it from its top-picks list while keeping Overweight and a $300 target. Nvidia has not announced any leadership change.

TREE NEWS update: Russian President Vladimir Putin is expected to meet US presidential envoy Steve Witkoff and Jared Kushner, the US president’s son-in-law, in Moscow at 12:00 local time on December 12 (17:00 Beijing time), Russian sources said. The meeting is scheduled for the same day, with no further details on the agenda disclosed.

TREE NEWS update: Foxconn chairman Young Liu said the company sees no sign of a slowdown in demand from buyers of AI servers, signaling sustained appetite for artificial-intelligence computing hardware. The comment from the Taiwanese contract manufacturer, a key assembler of AI servers, points to continued orders from data-center and cloud customers.

TREE NEWS reports: US spot Bitcoin ETF outflows climbed to nearly $300 million on Wednesday, up from $95 million a day earlier, pushing five-session withdrawals to $1.44 billion. Outflows from BlackRock’s Bitcoin ETF have now reached $2 billion over nine consecutive sessions, as redemptions from US spot Bitcoin funds accelerated this week.

TREE NEWS update: China’s Ministry of Public Security, Supreme People’s Procuratorate and Supreme People’s Court have jointly listed 18 major food safety criminal cases for centralized supervision, including cases involving formaldehyde-treated cabbage, fake imported health products and sulfur-treated bamboo shoots. A Central Political and Legal Affairs Commission official said judicial authorities will maintain a high-pressure crackdown on food safety crimes and strengthen enforcement to protect public food safety.

TREE NEWS reports: Europe’s Stoxx 50 opened up 0.3%, Germany’s DAX rose 1%, the UK’s FTSE 100 gained 0.5% and France’s CAC 40 added 0.5%. Semiconductor shares fell, with ASML down 2.6%.

TREE NEWS reports: Turkey’s central bank now expects Brent crude to average $97.2 a barrel in 2026, up from its previous forecast of $87.8, and $86.7 a barrel in 2027, up from $76.4. The revised assumptions were published as part of the bank’s updated projections.

TREE NEWS update: Turkey raised its end-2027 inflation forecast to 21% from 15%. The revision lifts the expected inflation path for the period, with the 2027 year-end estimate now set six percentage points higher than previously forecast.

TREE NEWS update: Shandong province issued a 7-year special local government bond for shantytown renovation with a scale of 7.172 billion yuan at an issuance rate of 1.4200%, a marginal bid-to-cover ratio of 1.64 times against an expected 1.42. The same issuance included a 30-year special bond of 19.0 billion yuan at 2.1900%, a 15-year special bond of 13.408 billion yuan at 1.8700%, a 10-year special bond of 449 million yuan at 1.6000%, and a 10-year affordable housing special bond of 2.842 billion yuan at 1.6000%.

TREE NEWS update: Foxconn chairman said the company is cautiously optimistic about its business prospects for 2027. The comment offers a forward-looking view on the contract electronics manufacturer’s outlook beyond the current year. No specific financial figures or additional details were provided.