Flash News

TREE NEWS update: The CFTC has filed to dismiss CME’s lawsuit challenging its crypto perpetual futures rules, arguing CME lacks standing because it is free to list perp futures as a designated contract market. The CFTC called the suit ‘much ado about nothing.’

TREE NEWS update: China will accelerate construction of a project library for its ‘Six Networks’ initiative, improving information sharing with financial institutions for efficient ‘investment-loan linkage’. The government will publicize attractive projects to encourage participation by diverse entities, leverage government investment, and improve pricing and support policies to drive business model innovation.

TREE NEWS update: Japan’s 30-year government bond auction drew a bid-to-cover ratio of 3.79, surpassing the 12-month average of 3.52. The auction reflects steady demand for long-dated JGBs amid ongoing monetary policy expectations.

TREE NEWS reports: Shanghai Composite rose 0.43% to 3,958.19 points at midday, while Shenzhen Component gained 0.39% to 13,664.14. ChiNext added 0.43%, CSI 300 rose 0.51%, but STAR 50 slipped 0.04%. CSI 500 and CSI 1000 also advanced.

TREE NEWS update: Chinese equities traded mixed at midday on Tuesday, with the Shanghai Composite up 0.43%, Shenzhen Component up 0.39%, and ChiNext up 0.43%. Cultivated diamond and shipping sectors rallied, with stocks like Huanghe Whirlwind and COSCO Shipping Energy hitting limit-up. However, over 3,000 stocks fell across the three bourses, and turnover reached 1.11 trillion yuan in the morning session.

TREE NEWS reports: China’s treasury bond futures closed higher in the morning session, with the 30-year main contract rising 0.35%, the 10-year up 0.09%, the 5-year up 0.04%, and the 2-year up 0.02%.

TREE NEWS reports: A two-person arbitrage team revealed they earned $10 million in profit over 10 months by trading stock perpetuals on Hyperliquid’s HIP-3 against IBKR, with $32 billion in combined volume. The strategy, detailed in a post, weathered a $1.1 million loss from a data glitch. They now face competition from institutions like Ethena.

TREE NEWS update: Thailand’s Securities and Exchange Commission has finalized its cryptocurrency “travel rule,” requiring digital asset operators to identify senders and receivers of every transaction from February 27, 2027. Operators must implement transfer risk policies, collect customer and counterparty identity data, and retain records for at least five years. Non-compliant transfers will be prohibited. The rule, aimed at combating money laundering and terrorist financing, aligns Thai standards with FATF recommendations, including verifying user control over self-custody wallet funds.

TREE NEWS reports: From July 1 to September 1, the Mohan railway port on the China-Laos Railway processed 57,000 passenger entries and exits from 72 countries, up over 51% year-on-year. Daily peak crossings exceeded 1,100, a record high.

TREE NEWS update: Ethereum Layer 2 network Silicon announced it stopped accepting new bridge deposits on Sept 2 and initiated shutdown, requiring users to withdraw all assets by Dec 31, after which the network and block explorer will go offline and remaining assets will be unrecoverable. Approximately $9.75 million in assets remain on-chain, including USDC ($2.66M), WBTC ($2.54M), ETH ($2.08M), and USDT ($1.85M). Assets bridged from Ethereum mainnet can be withdrawn directly, but tokens issued on Silicon cannot be bridged and rely on on-chain liquidity, which may dwindle.

TREE NEWS update: Chongqing has issued a 10-year general local government bond totaling 11.8724 billion yuan with a coupon rate of 1.7400%. The marginal multiple was 2.12 times, exceeding the expected 1.74 times. Additionally, the municipality issued 10-year and 20-year special bonds of 1.03 billion and 3.989 billion yuan respectively, with rates of 1.7400% and 2.2500%.

TREE NEWS reports: Lab-grown diamond concept stocks rallied again in China on [date not specified]. Huanghe Whirlwind hit the daily limit up, while Hensheng Energy had previously sealed its limit. Huifeng Diamond rose over 10%, with Sifangda, Lijian Diamond, and World leading gains.

TREE NEWS update: SEC Chair Paul Atkins said in a Fox Business interview that the CLARITY Act will be voted on in the Senate on September 15, expecting passage and presidential signature, making the US the ‘global crypto capital.’ He noted regulators are advancing rules to modernize for blockchain and crypto assets. Despite the vote delay, SEC and CFTC continue crypto policy work, with the SEC submitting a crypto custody framework proposal to the White House last week.

TREE NEWS reports: Japan’s 10-year government bond yield broke above 3% this week, the highest since September 1996, as markets price a 25bp BOJ rate hike in September. US Treasury Secretary Bessent warned of forced unwinds if yen moves turn disorderly, while analysts see carry-trade unwinding risk as manageable. Japan holds over $1 trillion in US Treasuries, raising concerns about capital repatriation.

TREE NEWS update: Brazil’s Congress passed a critical minerals bill granting the government greater power to review mining transactions. Brazil holds the world’s second-largest rare earth reserves after China, along with other key minerals for smartphones, EVs, and military drones. President Lula, who pushed the legislation as part of his sovereignty-focused agenda, argues Brazil should process more minerals domestically to retain value.

TREE NEWS reports: Turnover across the Shanghai, Shenzhen and Beijing stock exchanges surpassed 1 trillion yuan on Wednesday, shrinking by nearly 130 billion yuan compared with the same time the previous day. Full-day turnover is projected to reach only about 1.6 trillion yuan, indicating reduced trading activity.

TREE NEWS reports: The MSCI Asia Pacific Index advanced 1% to 277.23 points, reflecting broad gains across regional markets. The move comes amid improved investor sentiment, though specific drivers were not detailed in the report.

TREE NEWS update: A Michigan court has issued a preliminary injunction against Kalshi, ordering the prediction market to continue blocking state residents from accessing sports event contracts. The injunction, effective September 3, converts a temporary restraining order from June into a formal ruling, with violations subject to a $500,000 daily fine.

TREE NEWS update: Tencent officially launched WorkBuddy Financial Edition on September 3, targeting insurance, asset management, and banking institutions. The suite provides out-of-the-box expert and skill matrices covering investment research, compliance, client operations, credit due diligence, and wealth allocation, along with rich financial data sources and a secure, trustworthy full-chain infrastructure.

TREE NEWS reports: China’s overnight Shanghai Interbank Offered Rate (SHIBOR) fell 0.10 basis points to 1.3620% on the latest fixing. The 7-day rate declined 0.30 basis points to 1.3740%, while the 3-month rate held steady at 1.4300%.