Flash News

TREE NEWS reports: Bitcoin’s volatility eased as it hit its highest level since mid-May, approaching $77K support. Gold also neared three-month highs, with both assets close to 100-day moving averages.

TREE NEWS reports: President Trump urged lawmakers to pass a ‘fair version’ of the Clarity Act to provide regulatory clarity for crypto. The CFTC warned it would draft its own rules if the bill stalls, while the SEC advanced its first crypto fundraising framework.

TREE NEWS reports: Pakistan announced a new regulatory framework for crypto after nearly a decade-long ban, inviting foreign businesses to set up operations. The move follows the country’s Virtual Assets Act progress, signaling a shift toward embracing digital assets.

TREE NEWS reports: Goldman Sachs analysts, including Lina Thomas, report that surging demand for gold call options increases the risk of sharp two-way price movements in gold. They maintain their forecast of $4,900 per ounce by end-2026 but note significant upside risk and greater volatility.

TREE NEWS reports: Iran’s Foreign Minister Seyed Abbas Araghchi stated that past US sanctions and pressure campaigns against Iran have all failed, and the latest US economic pressure will also be ‘doomed to fail’. He criticized the US for repeating the same policies with no substantial change.

TREE NEWS update: Bitcoin rallied as Treasury bond buybacks fueled the ‘not-QE’ trade, while Metaplanet expanded to the US and Cypherpunk made a $33 million Zcash mining bet.

TREE NEWS update: Sources indicate that the upcoming US-Canada trade agreement will introduce steel quotas and a lower tariff of 25%. This development follows ongoing negotiations between the two countries.

TREE NEWS reports: CFTC Chairman stated the agency will defend its exclusive regulatory authority over prediction markets and establish rules for them. This move aims to clarify the legal framework for such markets, which have grown in popularity.

TREE NEWS reports: Bitcoin surged 7.9% in a day to around $77,000, triggering a short squeeze that liquidated $1.21 billion in bearish bets. The rally came amid a wave of favorable news from Washington, boosting market sentiment.

TREE NEWS update: Citadel founder Ken Griffin published an investor letter discussing ‘Situational Awareness,’ likely addressing geopolitical and market risks. The letter offers insights into his macroeconomic outlook and its implications for investors.

TREE NEWS reports: Coinbase CEO Brian Armstrong announced that the CLARITY Act is expected to receive 60 votes in the Senate by September 15, signaling a significant step forward for crypto regulatory clarity in the US. The legislation aims to provide clear rules for digital assets, potentially boosting institutional adoption and market stability.

TREE NEWS reports: CFTC Chairman stated that if Congress continues to shelve the Clarity Act, the agency will push forward with its own framework for regulating crypto markets. This indicates proactive regulatory steps amid legislative gridlock.

TREE NEWS update: The CFTC has indicated it will step in to offer regulatory clarity for cryptocurrencies if Congress fails to act. Meanwhile, Bitcoin approaches $80k and altcoins like Pump and ZEC surge.

TREE NEWS reports: The US Internal Revenue Service (IRS) has issued a warning about a novel cryptocurrency phishing attack that uses fraudulent letters containing QR codes to steal wallet private keys. Taxpayers are advised to be cautious of unsolicited correspondence and verify the authenticity of any IRS communication.

TREE NEWS reports: VanEck attributes Bitcoin’s recent surge to growing concerns over fiscal dominance, where government debt and spending undermine currency trust. The asset manager suggests that investors are increasingly viewing Bitcoin as a hedge against fiscal irresponsibility and potential monetary debasement.

TREE NEWS reports: US stocks showed mixed performance as the Nasdaq turned negative while the S&P 500 trimmed its gains to 0.3%. The market reflects ongoing volatility amid investor uncertainty.

TREE NEWS reports: S&P Global reported that US business activity in August reached its highest level in 52 months, indicating robust economic expansion. The data suggests resilience in the private sector despite macroeconomic headwinds.

TREE NEWS update: The US flash composite PMI for August came in above forecasts, signaling stronger-than-expected business activity. This data point may influence Federal Reserve policy decisions regarding interest rates.

TREE NEWS update: Bitwise’s Chief Investment Officer commented that Treasury Secretary Bessent’s plan to buy back US Treasuries underscores Bitcoin’s role as a hard asset. This move highlights the growing appeal of decentralized, scarce assets amid concerns over fiat currency debasement.