Flash News

TREE NEWS update: DWF Maas and Falcon Digital, affiliates of market maker DWF Labs, have sued BitGo for $141 million, alleging the custodian sold discounted Falcon Finance and ESPORTS tokens while lock-ups were still in effect. The claim centers on BitGo’s disposal of the tokens ahead of the agreed lock-up periods.

TREE NEWS update: China’s Financial Regulatory Administration released the Regulations on Insurance Product Development for Property Insurance Companies, a systematic revision of its earlier product development guidelines. The new rules run to eight chapters and 41 articles, covering general provisions, basic product development requirements, main and rider clause and rate requirements, product development management, evaluation and cancellation, and supervisory oversight. The revision follows extensive research and public consultation.

TREE NEWS reports: Tesla has begun using the name “Tesla Assisted Driving” on its European websites in a bid to win regulatory approval for its driver-assistance system in Europe, distancing itself from the long-criticized Full Self-Driving label. Its US site still calls the technology “Full Self-Driving (Supervised)”.

TREE NEWS update: The US Treasury Department has appointed Judy Shelton as an adviser to Treasury Secretary Scott Bessent. The appointment places Shelton, a former nominee to the Federal Reserve Board of Governors, in a senior advisory role at the department. No further details of her remit were given.

TREE NEWS update: Blockchain.com has applied to the U.S. Commodity Futures Trading Commission for Designated Contract Market and Futures Commission Merchant licenses, seeking to offer event contracts and crypto derivatives to U.S. users. CEO Peter Smith said the company wants users to manage digital assets, trade derivatives and take part in real-world event prediction on one platform. Blockchain.com currently offers prediction markets to some international users via partner Polymarket and perpetual futures through Hyperliquid.

TREE NEWS update: The UK government has sanctioned five crypto and payment platforms, including Cryptomus and TokenSpot, in a new Russia sanctions package. Two of the five platforms handled transactions with Russia’s A7 network, the government said. The designations target firms accused of facilitating Russian financial activity.

TREE NEWS update: The Shenzhen Stock Exchange said it took self-regulatory disciplinary measures in 141 cases of abnormal securities trading between September 28 and October 9, 2026, covering practices such as intraday price ramping and suppression and false order submissions. The exchange also referred two suspected violations of laws and regulations to the China Securities Regulatory Commission.

TREE NEWS update: US Treasury Secretary Scott Bessent said the Trump administration is escalating its “maximum pressure” campaign on Iran into an “absolute isolation” effort, and that Washington could seize about $1 billion in crypto assets this week. Bessent said the US has located the assets and moved to isolate them. The operation also involves maritime blockades, air and land restrictions, and coordination with the UAE, Oman, Pakistan and Turkey. The specific tokens, wallets, enforcing agencies and legal basis were not disclosed.

TREE NEWS update: US Vice President JD Vance announced on October 8 a suspension of the PERM labor certification program for Microsoft and other technology companies. Vance also accused nine US universities, including Harvard and Stanford, of J-1 visa fraud, saying they face further investigation. The move affects foreign employees’ green card sponsorship through the permanent labor certification route.

TREE NEWS update: China and the European Union agreed to keep exploring the possibility of cutting tariffs on some goods within the WTO rules framework, according to the consensus list from the second meeting of their trade and investment consultation mechanism. The two sides will also step up communication and cooperation under the trade monitoring mechanism and further use the dialogue channel to improve mutual understanding.

TREE NEWS update: China and the European Union reaffirmed the need to further strengthen their export control dialogue and welcomed deeper communication on each side’s export control policies, according to the consensus list from the second meeting of the China-EU trade and investment consultation mechanism. The two sides said the exchanges would include publishing policy guidelines, organizing government-business exchanges and holding training sessions.

TREE NEWS update: China and the European Union agreed at the second meeting of their trade and investment consultation mechanism to keep global industrial and supply chains predictable and stable. Beijing will continue to facilitate export licensing for rare earths and permanent magnets to Europe through a “green channel,” while the EU will work with member states to ease key dual-use licensing cases involving China.

TREE NEWS update: China and the EU reached an understanding on hybrid vehicle trade in a manner consistent with WTO rules, following intensive consultations at the second meeting of their trade and investment consultation mechanism. Both sides recalled the guidance document on price undertakings in the EU’s anti-subsidy case against Chinese electric vehicles, and will continue the company-specific price undertaking and review procedures in that case.

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng met with Goldman Sachs President and Chief Operating Officer John Waldron, the central bank said. The two sides exchanged views on the global economic and financial situation and China’s macroeconomic policy. No further details of the meeting were disclosed.

TREE NEWS update: Thailand’s Securities and Exchange Commission has issued rules permitting crypto ETFs limited to bitcoin and ether, with the framework taking effect Oct. 16. The rules cover custody, exposure and trading requirements for the new products. Only bitcoin and ether qualify under the initial scope set by the regulator.

TREE NEWS update: China’s National Development and Reform Commission said developing “new quality productive forces” requires an energy revolution to provide reliable security guarantees. In a Q&A on the Opinions on Developing New Quality Productive Forces, the NDRC cited frequent regional conflicts, the politicization and weaponization of energy issues, and heightened volatility in global energy markets. It said meeting growing power demand from the national integrated computing network, next-generation communications networks, integrated circuits, AI and new energy vehicles requires raising the share of domestic energy supply.

TREE NEWS update: The UK has sanctioned three crypto exchanges and payment processors, citing links to thousands of Russian entities and the sanctioned HTX exchange. The designations target firms accused of facilitating illicit Russian funds. The action follows the UK’s broader sanctions push against crypto channels used to evade restrictions.

TREE NEWS update: China’s Communist Party Central Committee and State Council issued an opinion on developing new quality productive forces, calling for the orderly development of advanced nuclear fission power. The document sets out an energy revolution aimed at peak carbon and carbon neutrality, including a high-share renewable power system, improved renewable consumption and dispatch policies, and demonstration of major application scenarios.

TREE NEWS update: Senate subcommittee ranking member Richard Blumenthal sent Cantor Fitzgerald Chairman Brandon Lutnick 13 requests for records concerning the firm’s Tether stake and custody role, with responses due October 23. The demands center on the brokerage’s financial ties to the stablecoin issuer.