Flash News

TREE NEWS update: An ECB executive board member said the potential introduction of a digital euro would not “take over the role of banks,” but would ensure they retain a role in the EU’s monetary system. The official warned that without a digital euro, the bloc’s monetary system risks fragmentation.

TREE NEWS update: The New Mexico Attorney General’s Office said federal regulators must revise their environmental assessment of a proposed natural gas pipeline built to power an Oracle data center. Attorney General Raúl Torrez called the original assessment inadequate because it examined only the pipeline’s impact and not the data center itself, and said regulators also failed to account for air pollution and greenhouse gas emissions from gas that would be flared during construction.

TREE NEWS update: Federal Reserve Governor Michelle Bowman said the Fed will soon consider raising the asset threshold for banks, with a review of the fixed-dollar asset threshold planned for this year. The remarks signal a possible easing of the size cutoff at which stricter bank rules apply. The Fed has not given a date for the decision.

TREE NEWS update: US Senator Elizabeth Warren sent letters to Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick raising concerns about the impact of artificial intelligence on Trump administration policy. The letters were also addressed to Lutnick on the same issue. No further details of their contents were disclosed.

TREE NEWS update: The SEC’s Compliance Outreach Program will host a virtual national seminar for investment companies and investment advisers on November 19, 2026. The event is intended to help chief compliance officers and other compliance staff keep pace with regulatory expectations. The agency announced the date through its Compliance Outreach Program.

TREE NEWS reports: The International Monetary Fund warned in the second chapter of its Global Financial Stability Report, published on the 6th, that hedge funds pose a growing risk to macro-financial stability. The fund said hedge fund assets are expanding too quickly, which can amplify price dislocations and liquidity strains during capital market volatility, and a severe negative shock could trigger systemic risk.

TREE NEWS update: Stablecoin issuer Rain is seeking a US trust bank charter for a proposed subsidiary that would issue stablecoins, hold client assets and manage stablecoin reserves. The unit would not accept deposits or make commercial loans. The application adds Rain to a growing list of crypto firms pursuing federally regulated banking status.

TREE NEWS update: France and Germany are pressing the European Commission to design a new protection mechanism for European exporters, urging a solution to prevent industry relocation as climate rules tighten. Spain and Italy are expected to back the initiative. The draft warns that rising carbon costs, absent compensation measures, will erode EU producers’ competitiveness in third-country markets and risk carbon leakage.

TREE NEWS reports: Former New York Governor Andrew Cuomo is calling on Congress to pass durable, bipartisan crypto legislation, warning that US crypto rules could be vulnerable to political change after the midterms. Cuomo argued that without statutory backing, the regulatory framework risks being reversed by the next election. The comments underscore industry concerns that current US crypto policy rests on agency guidance rather than law.

TREE NEWS update: Rep. Don Davis introduced a bill that would impose fines of at least $10,000 on candidates who trade on their own races, with the measure also covering spouses, children and campaign committees. The bill comes five weeks after Kalshi fined and suspended Davis’ Republican opponent for betting on her own race.

TREE NEWS update: The CFTC has revealed a plan to regulate crypto exchanges. The plan is framed as providing clear rules of the road for the industry, though the material does not specify the rules’ contents or timing. The briefing poses what the plan means and its overall impact but offers no further details.

TREE NEWS update: China’s Ministry of Commerce said it hopes France and Germany will uphold open cooperation and free trade and refrain from pushing the EU toward protectionist instruments, after the two countries submitted an informal paper to the European Commission on Oct. 5 seeking stronger trade defense measures. A ministry spokesperson said interdependence is not a risk and decoupling harms all sides, urging that trade issues not be politicized.

TREE NEWS update: The No Betting on Your Own Race Act, introduced by Representative Don Davis, would impose a $10,000 fine on candidates who trade on their own elections. The bill also gives prediction markets legal cover to close such accounts and report the candidates to regulators.

TREE NEWS update: China’s foreign ministry said on October 6 that it has no specific comment on reports that the UK government is considering raising tariffs on Chinese electric vehicles, referring the matter to competent authorities. Spokesperson Guo Jiakun said the essence of trade relations is mutual benefit through comparative advantage, adding that China’s EV industry offers competitive choices to global consumers including UK buyers and contributes to the green transition.

TREE NEWS update: China’s foreign ministry said the EU and China should meet each other halfway and resolve concerns through dialogue, after Bloomberg reported that Germany and France wrote to European Commission President Ursula von der Leyen urging new EU powers to strip single-market access from countries that disrupt trade. Spokesperson Guo Jiakun said the two sides’ supply chains are deeply intertwined and their economic ties are mutually beneficial, without naming China.

TREE NEWS update: Rep. Don Davis introduced legislation barring federal candidates and their families from trading prediction market contracts tied to their own elections. The bill targets contracts that let candidates bet on the outcome of races they are running in. It applies to federal candidates and their family members.

TREE NEWS update: Hong Kong’s government has reiterated that it will submit an amendment to its crypto asset licensing bill before the end of 2026. The commitment was restated in a roundup of market developments that also included Multicoin Capital naming HYPE as its largest holding, Pump.fun holding $2.8 billion on-chain of which $2.19 billion is PUMP tokens, and Fortitude securing priority allocation of Bitmain’s next-generation Zcash miners in a purchase that could reach $100 million.

TREE NEWS update: Adam Iza, a 26-year-old crypto figure, was sentenced to 78 months in prison and ordered to pay $23,402,800 in restitution for defrauding Meta of more than $37 million and concealing the proceeds through crypto custodians. The sentence runs concurrently with a prior 15-year term for attempted bitcoin robbery, so his time served will not increase. Five former Los Angeles County Sheriff’s Department deputies were convicted in connection with the scheme.