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: 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 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 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 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: 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 update: Chevron shares rose about 0.6% to $212.72, poised for a record closing high, after the company announced a $7 billion investment to double its oil production in Venezuela. The move signals confidence in the country’s energy sector despite geopolitical risks.

TREE NEWS reports: Russia’s retail sales rose 5.3% in July from a year earlier, slightly above the 5.2% forecast. The economy expanded 0.6% in July on an annual basis.

TREE NEWS reports: UK 10-year gilt yield rose 0.8 basis points to 5.228% on Wednesday, touching 5.289% at 17:15 BST, the highest since 2007, before paring gains. The 2-year yield added 1.0 basis point to 4.616%, while 30-year and 50-year yields also edged up. The 2/10-year spread was roughly flat at +61.4 basis points.

TREE NEWS update: Ukraine’s state energy company Naftogaz said Norway has detained a Russian ship at its request. The seizure follows a Norwegian court ruling in Naftogaz’s favor over debts owed by Russian companies. Naftogaz has been pursuing international legal action to recover assets linked to Russia’s energy sector.

TREE NEWS update: US Energy Secretary Wright arrived at Venezuela’s presidential palace, Miraflores Palace, on an unannounced visit. The purpose of the meeting was not disclosed. This marks a rare high-level US official visit to Venezuela, amid ongoing tensions between the two nations.

TREE NEWS reports: Former President Donald Trump has proposed renaming the strategic Strait of Hormuz to ‘Trump Strait,’ a geopolitical move that could impact global oil shipping routes. The suggestion, reported by ChainCatcher, highlights the ongoing tensions in the region and potential implications for energy markets.

TREE NEWS update: Officials from G20 members, under the US presidency, recognized that digital assets could support broad-based economic growth and called for improvements in cross-border transactions. They touted ‘clear pathways’ for digital asset innovation, signaling a supportive stance from major economies.

TREE NEWS reports: Bloomberg ETF analysts report that Bitcoin’s correlation with US equities over the past six months has fallen below that of gold and US Treasuries, indicating a shift in its behavior as an asset. This suggests Bitcoin may be decoupling from traditional risk assets, potentially enhancing its appeal as a diversifier.

TREE NEWS reports: Bloomberg ETF analyst Eric Balchunas said on Sept. 2 that over the past six months, Bitcoin’s correlation with U.S. stocks has been lower than that of gold, small caps, emerging markets, and U.S. Treasuries. He noted Bitcoin’s historical correlation with equities is around 0.4, while gold and Treasuries have seen a notable rise in correlation recently. Balchunas said the window is short but enough to refute the claim that Bitcoin is just another QQQ.