Flash News

TREE NEWS update: The U.S. Securities and Exchange Commission charged BG Wealth and DSJ Exchange in an alleged $130 million crypto fraud, saying investors lost more than $100 million after the firms promised risk-free trading returns. The agency said the firms also used false filings to claim SEC approval for their offerings.

TREE NEWS update: General Motors has been fined and ordered to pay $220 million over the sale of driver data collected through its Smart Driver program. The penalty, announced in connection with the automaker’s handling of vehicle-generated driving data, centers on the sale of that information. Further details on the regulator involved and the terms of the settlement were not immediately specified.

TREE NEWS reports: The crypto industry has spent $176 million on next week’s U.S. midterm elections, but only 13% of Americans say a candidate’s support for crypto growth is very important. The findings highlight a gap between industry spending and voter priorities ahead of the elections.

TREE NEWS update: KuCoin has suspended services for users based in Russia and Belarus, citing legal and regulatory compliance. The two countries are currently targets of international sanctions. The exchange did not provide a timeline for the suspension or further details on affected accounts.

TREE NEWS update: The SEC charged BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd, two foreign-operated, Colorado-incorporated entities, with orchestrating a $130 million fraud scheme that used false SEC filings to boost investor confidence. The regulator announced the charges against the two entities for the scheme, which relied on fabricated regulatory filings to lend credibility to the operation.

TREE NEWS update: India’s Enforcement Directorate has conducted searches as part of a probe into $524 million in crypto transfers, naming Binance and Bybit as platforms used for alleged foreign payouts. The agency did not announce charges against either exchange. The investigation centers on transfers routed through the two platforms.

TREE NEWS update: Intercontinental Exchange, owner of the New York Stock Exchange, signed a deal with Trade[XYZ] to launch regulated perpetual futures built on Hyperliquid in the United States. The announcement sent Hyperliquid’s HYPE token up 13%. The partnership would bring on-chain perpetual futures into a regulated US framework.

TREE NEWS update: Kalshi has raised $1 billion at a $40 billion valuation, with its non-sports revenue run rate surpassing $1 billion, the prediction market said. The round comes as Kalshi expands partnerships with the NBA and S&P Dow Jones Indices while facing legal challenges over its sports contracts.

TREE NEWS update: The European Central Bank left interest rates unchanged on Thursday, but the biggest news was President Christine Lagarde’s announcement that she will leave the ECB early to pursue greater freedom of expression outside monetary policy. Lagarde said a rate hike was discussed at the meeting and signaled another increase in December remains highly likely. Traders now price an 84% probability of a December hike, while energy prices pose upside inflation risks.

TREE NEWS update: France’s Senate adopted a bill authorizing the automatic exchange of crypto-asset tax information between international tax authorities. The measure still needs to complete the full legislative process before taking effect. The vote advances France’s push to bring digital-asset holdings into cross-border tax reporting.

TREE NEWS update: Orient Securities said its 25.12 billion yuan ($3.5 billion) acquisition of 100% of Shanghai Securities cleared the Shanghai Stock Exchange’s merger and restructuring review committee on the day of its 2026 20th deliberation meeting. The deal, a consolidation within Shanghai’s state-owned financial system, still requires approval, clearance and registration from the China Securities Regulatory Commission and other authorities before it can be implemented.

TREE NEWS update: European Commission President Ursula von der Leyen said the European Union and Canada will jointly develop rules and standards for artificial intelligence. She gave no further details on the scope, timeline or format of the cooperation. The announcement concerns AI governance and does not involve crypto or blockchain.

TREE NEWS update: Tianjin’s housing authorities and State Grid Tianjin jointly issued an implementation plan to simplify new home purchase procedures. The plan creates a unified application form and consolidates document collection so that identity documents and home sale contracts are submitted once and shared across departments, reducing requirements for buyers.

TREE NEWS update: European Central Bank President Christine Lagarde said the direction of the ECB’s monetary policy “journey” is fairly clear for all, provided no unexpected events occur. Lagarde made the remark in comments on the ECB’s policy path, without specifying further details on rates or timing.

TREE NEWS update: European Central Bank President Christine Lagarde said the central bank has the tools to address disruptions in monetary policy transmission. The remark, reported without further detail, signals the ECB’s readiness to counter any breakdown in how its policy decisions flow through financial markets and lending channels.

TREE NEWS update: European Central Bank President Christine Lagarde said financial conditions may have tightened since the central bank’s last policy meeting. The remark points to market moves since the ECB’s previous rate decision, without specifying the drivers or the size of any change. The ECB has not signaled how the shift, if sustained, would affect its next policy step.