Flash News

TREE NEWS reports: Huawei founder Ren Zhengfei shares his views on artificial intelligence, highlighting its transformative potential and the need for global collaboration. He emphasizes the importance of AI development for future economic growth and urges a balanced approach to regulation and innovation.

TREE NEWS reports: China’s Ministry of Finance announced that the 2025 fiscal expenditure budget has been set at over 30 trillion yuan, a historic first. This marks a significant expansion in fiscal policy to support economic growth.

TREE NEWS reports: Walmart reported Q2 FY2027 revenue of $187.9B and adjusted EPS of $0.81, both beating estimates, but US same-store sales growth of 2.6% was the lowest in over six years due to pharmacy price deflation. The company raised its full-year guidance, though the upper end of EPS guidance still missed consensus, signaling slowing growth momentum.

TREE NEWS update: Walmart beat Q2 FY2027 revenue and adjusted EPS expectations, but US same-store sales grew only 2.6%, the slowest in over six years, due to pharmacy price deflation. The company raised its full-year guidance, yet the adjusted EPS upper end remained below consensus, signaling slowing momentum.

TREE NEWS reports: US stocks fell with Dow down 1.32%, while gold and bitcoin both rose over 10% in the past month as Treasury Secretary Bessent’s two attempts to rescue the bond market failed to lower yields. The market remains concerned about high deficits and inflation, with Walmart’s weak guidance highlighting consumer slowdown fears.

TREE NEWS reports: Micron’s CEO stated that memory has become strategic infrastructure for AI, with data center demand currently exceeding supply by 50%. This underscores the critical role of memory chips in the AI boom.

TREE NEWS update: Cathie Wood predicts AI will trigger an explosion of entrepreneurship, advising graduates to use AI as employees when starting businesses. She emphasizes AI’s transformative potential across industries, potentially reshaping the economy and labor market.

TREE NEWS reports: Gold (XAUUSD) has broken above $4,550 per ounce, currently trading at $4,551.84, marking a 1.6% increase in the last 24 hours, according to Gate data. The rise reflects ongoing market uncertainty and investor demand for safe-haven assets.

TREE NEWS update: Gold (XAUUSD) surged past $4,550 per ounce, currently trading at $4,551.84, marking a 1.6% increase in the last 24 hours, according to Gate data.

TREE NEWS reports: South Korean lawmakers have proposed granting the Financial Intelligence Unit (FIU) expanded powers to investigate and refer unregistered cryptocurrency operators to law enforcement. This move aims to strengthen regulatory oversight of the crypto industry in the country.

TREE NEWS update: Bitcoin briefly surpassed $75,000, driven by policy optimism from Trump’s crypto meeting, improved liquidity, and a short squeeze. Institutional flows via US spot Bitcoin ETFs and Strategy’s financing loop are now critical for sustaining the rally.

TREE NEWS reports: Gold and Bitcoin have both broken out, with Bitcoin surpassing its bear market trendline and the 21-week moving average, while gold rebounds after a correction. The US government debt surpassing $40 trillion and 10-year Treasury yields near 4.70% are pressuring long-term financing costs, prompting the Treasury to expand buybacks. This macro backdrop is driving renewed interest in hard assets like gold and bitcoin as hedges against debt expansion.

TREE NEWS reports: British media reports that Ukraine is seeking to use StarLink-equipped drones to target Russian missile launchers. This development highlights the growing integration of commercial satellite communications in modern warfare.

TREE NEWS update: According to data, if Bitcoin falls below $70,909, the cumulative long liquidation intensity on major centralized exchanges could reach $1.96 billion. This highlights the potential for cascading liquidations and increased market volatility.

TREE NEWS update: UK’s HMRC has dispatched warning letters to over 81,000 crypto asset holders, nearly triple the number from last year. The letters urge taxpayers to review their crypto holdings and pay any owed taxes, as part of a broader compliance push.

TREE NEWS update: South Korea plans to revise its law to grant the Financial Intelligence Unit (FIU) direct enforcement authority to crack down on unregistered crypto exchanges. This move aims to strengthen regulatory oversight and combat illegal cryptocurrency trading activities.

TREE NEWS update: CFTC Chair Michael Selig outlined a ‘New Frontier of Finance’ roadmap covering crypto, AI compute markets, and prediction markets. He emphasized that if Congress fails to pass crypto market structure legislation, the CFTC is prepared to use its existing authority to regulate crypto asset markets. The agency is also exploring rules for compute markets and reforming event contract regulations.

TREE NEWS update: Hungary has abolished the requirement for verifying crypto-asset conversions and removed penalties of up to 8 years in prison, aligning its regulations with the EU’s MiCA framework. This move simplifies crypto operations and harmonizes national law with broader European standards.

TREE NEWS reports: Bitget’s chief CFD analyst notes that the FOMC minutes were hawkish, with markets focusing on the possibility of interest rates staying higher for longer. This could impact risk assets including cryptocurrencies.