Flash News

TREE NEWS update: The Block has published the GCCI 2026 Country Profile, opening with a section on South Korea’s crypto market. The index is pitched as a shift away from demand-side measures such as trading volume, ownership and adoption toward the operating environment for crypto companies and capital. It notes a country can post large trading volume while maintaining a restrictive domestic regime.

TREE NEWS update: US Treasury Secretary Scott Bessent said the Treasury is cutting off the funding sources Tehran uses to finance its war efforts, and that it will continue to expose those who facilitate Iranian oil sales. Bessent did not name specific entities or individuals in the remarks.

TREE NEWS reports: A US government wallet holding Bitcoin seized from the Bitfinex hacker sent 12,267 BTC to a new, unlabeled address, Arkham data shows. The transfer is valued at roughly $1 billion at current prices. The coins stem from the 2016 Bitfinex exchange hack, and the destination wallet has not been identified.

TREE NEWS update: European Central Bank President Christine Lagarde told euro-area finance ministers at the Eurogroup that the central bank is monitoring markets, saying the ECB has the tools to control unsupported market dynamics. She gave no further detail on which instruments might be used or which markets were under scrutiny.

TREE NEWS update: CFTC Chairman Mike Selig said the United States will no longer stand by as crypto businesses move offshore and other countries set the standards. In a post on X, Selig said the crypto industry is returning to the US, and that clear regulatory rules will help keep it there and let the US lead its development.

TREE NEWS update: Jane Street told an Indian tribunal it has no incentive to stall the market-manipulation investigation by the Securities and Exchange Board of India, saying it must protect its global reputation. Lawyer Darius Khambata said the firm has paid a 4.84 billion rupee penalty and is not currently trading in India. Jane Street is also seeking access to all stock order logs reviewed by SEBI, arguing the data could show whether it was executing existing buy and sell instructions or creating new demand to move prices.

TREE NEWS reports: China’s new financial product online marketing rules, the ‘930 Rules’ issued by eight government departments, have forced lending platforms to overhaul their advertising. Slogans like ‘instant approval, instant payout’ and ‘low threshold, low rates’ have vanished from social media and short-video channels. Bank of Hangzhou, Xiaoying Card Loan and Ctrip Finance have returned to social feeds with ads that now disclose the lending entity, annualized costs, risk warnings and liability terms.

TREE NEWS update: The United States has suspended immigration programs targeting India’s Tata and Infosys and Singapore-based AI firm Cognizant. The suspension affects the three companies’ immigration plans, the material said, without specifying the programs involved or a duration. No further details or an official US statement were provided.

TREE NEWS update: The Eurogroup will decide in November on a successor to Isabel Schnabel. Schnabel currently serves on the European Central Bank’s Executive Board. The timing sets up a November decision on one of the six seats atop the ECB’s executive arm.

TREE NEWS update: The US Labor Secretary announced the suspension of Microsoft, Adobe and several other large global IT outsourcing service providers from participating in a labor certification program. The announcement did not specify the duration of the suspension or the full list of affected companies.

TREE NEWS update: At least 16 Chinese mutual fund companies have disclosed lists of third-party internet platforms they work with, as the new Measures for the Administration of Online Marketing of Financial Products took effect on September 30. Under the rules, financial institutions must publicize the third-party platforms they commission for online marketing, and those platforms must in turn publicize the financial institutions that commission them. Compliance departments have held密集 meetings as firms work out how to apply the rules in practice.

TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission (SASAC) and the Chinese Academy of Sciences (CAS) signed a batch of cooperation agreements and major institute-enterprise projects at their 2026 annual consultation meeting in Beijing on the 8th. SASAC Director Cheng Fubo said more than 1,200 cooperation projects have been implemented and over 32 billion yuan invested since the two sides set up the annual mechanism in 2023.

TREE NEWS update: Chen Jianxin, former party secretary and president of the People’s Bank of China’s Jiangxi provincial branch, has taken over as director of the PBOC Credit Information Bureau, succeeding Ren Yongmei. Chen holds a doctorate in economics from Southwestern University of Finance and Economics and previously served as chief editor of Financial News, head of the central bank’s asset management division and deputy director of the Currency, Gold and Silver Bureau.

TREE NEWS update: Members of the European Parliament called for crypto to be included in the EU’s anti-corruption agenda, alongside stronger asset recovery measures. The European Commission plans to adopt its first anti-corruption strategy by the end of this year.

TREE NEWS update: Bank of England Governor Andrew Bailey said a clear commitment to fiscal policy is more necessary than ever when negative shocks hit, warning that large, concentrated positions in the market must not be taken lightly. Bailey made the remarks in comments published without a specified date or venue.

TREE NEWS update: China has opened a public consultation on a draft national standard governing quality management system self-inspections by health food manufacturers. The draft, titled “Working Specification for Self-Inspection of Quality Management Systems of Health Food Manufacturing Enterprises,” is posted on the National Standards Information Public Service Platform. The consultation period allows industry and the public to submit comments on the proposed rules.

TREE NEWS update: Bank of England Governor Andrew Bailey said policymakers should strengthen core financial markets so they can absorb future shocks without amplifying them. He warned that as shocks become more frequent, potential growth weaker and successive shocks push government debt higher, governments will find it much harder to use their balance sheets to buffer severe recessions.

TREE NEWS update: Dongshan Precision said market talk of a 65% US-origin materials requirement is unofficial and not an effective regulatory policy, responding to investor questions about optical chip procurement restrictions. The company said optical chips it makes in-house account for no more than 10% of optical module BOM cost, leaving ample compliance room, and that it may eventually build capacity in the United States.

TREE NEWS update: Bank of England Governor Andrew Bailey said monetary policy requires a firm commitment to bringing inflation back to target, adding that core market resilience must be strengthened. He said greater absorption of government debt has brought higher vulnerability, and that while markets are seeing larger swings, conditions remain some distance from normal with no liquidity shortage or market stress yet.