Flash News

TREE NEWS reports: LME copper settled down $59 at $14,216 per metric ton. Aluminum rose $2 to $3,284/t, while nickel gained $248 to $16,913/t. Zinc fell $58 to $3,865/t, lead dropped $24 to $1,894/t, tin lost $401 to $54,232/t, and cobalt plunged $5,625 to $50,665/t.

TREE NEWS update: OpenAI CEO Sam Altman met US Commerce Secretary Howard Lutnick during a G20 event. OpenAI stated that artificial intelligence will be the largest boom in global business history.

TREE NEWS reports: Barrick Gold is considering postponing the initial public offering of its North America Gold unit until 2027. The potential delay, reported by Bloomberg, signals a cautious approach to equity markets. No official decision has been made, and plans could still change.

TREE NEWS update: The US Mint officially launched a $1 coin featuring President Trump on September 2. The coin was introduced as part of a series honoring American presidents.

TREE NEWS update: OpenAI’s unreleased model, Astra, has become its first AI with ‘critical’ hacking abilities, able to find zero-day vulnerabilities and chain them into working exploits without human guidance. Access is currently limited to a small group of testers.

TREE NEWS reports: European gas futures advanced on Wednesday, with ICE UK natural gas up 2.17% and TTF benchmark Dutch gas up 0.09%. ICE EU carbon emission allowance futures rose 0.93%.

TREE NEWS reports: Tether has released an open-source AI translation model that can operate offline, aiming to enhance privacy and accessibility. The model is part of Tether’s broader push into AI technologies, though it does not directly involve tokenization of real-world assets.

TREE NEWS update: Glassnode analysts indicate Bitcoin is likely to remain in a range-bound pattern, with key resistance between $83,000 and $86,000. The firm suggests that market conditions may not support a breakout in the near term.

TREE NEWS reports: German 10-year Bund yields rose 3.2 basis points on Wednesday to 3.376%, marking a sixth consecutive daily gain and a cumulative 17.5 bps increase over that period. The yield touched intraday levels near 3.395%, approaching the 2011 Q2 peak of 3.505%. Two-year yields also rose 3.2 bps to 3.376%, while 30-year yields added 1.8 bps to 3.835%. French, Italian, Spanish, and Greek yields also advanced.

TREE NEWS update: Iran said a US military strike overnight killed 18 people and wounded 108. The announcement comes amid heightened tensions in the region. No further details were immediately provided.

TREE NEWS reports: Bitcoin’s apparent demand indicator turned negative again, ending a brief August rebound, as BTC slipped below $77,000 amid a broader bond and equities sell-off. The on-chain metric points to weakening investor appetite for the cryptocurrency.

TREE NEWS update: Venezuela and Chevron have signed a bonus agreement for the Orinoco heavy oil belt joint venture project. The deal was inked between the two parties, marking a step in their energy cooperation. Financial terms were not disclosed.

TREE NEWS reports: Iran’s currency plunged to an all-time low on Tuesday, with exchange-tracking websites showing the rial trading above 2.2 million against the U.S. dollar. The depreciation reflects deepening economic pressures amid ongoing sanctions and domestic challenges.

TREE NEWS update: OpenSea has integrated Solana NFT support on its OS2 platform, enabling users to browse, buy, and sell Solana-based NFTs. This expansion broadens OpenSea’s cross-chain capabilities and strengthens its position in the NFT market.

TREE NEWS reports: Bitcoin held above $77,000 on Wednesday after ADP reported just 38,000 private jobs added in August, down from 44,000 in July, prompting traders to raise odds of a September Federal Reserve rate increase. The muted reaction came as 84 of the 125 largest non-stablecoin tokens fell, while gold rose 0.84% and the Nasdaq 100 dropped 1.29%.

TREE NEWS update: JPMorgan’s co-head of investment banking said the bank’s pipeline of M&A and IPO mandates continues to expand as corporate boards focus on growth. The executive added that M&A volumes could surpass the historic highs of 2021.

TREE NEWS update: Delivery Hero’s board has deemed Uber’s acquisition offer fair and adequate, with the transaction expected to close in the second half of 2027. The deal, which values Delivery Hero’s food delivery business, is pending regulatory approvals.

TREE NEWS reports: Soitec now expects second-quarter revenue to grow about 50% year over year, up from its previous forecast of over 30% growth. The French semiconductor materials company cited stronger demand for its engineered substrates. The revised guidance was announced in a trading update.