Flash News

TREE NEWS update: Turkish President Recep Tayyip Erdogan said he will meet senior economic officials and heads of relevant agencies on Tuesday, as the government prepares further measures to address turmoil in the country’s fund market. Authorities are proceeding “extremely cautiously” given the capital market’s particular characteristics, and liquidation of affected funds is being handled carefully. The statement followed a cabinet discussion at which Treasury and Finance Minister Mehmet Simsek and Justice Minister Akin Gurlek reported on the investigation and measures taken so far.

TREE NEWS update: The SEC has announced settled charges against New York-based investment adviser Zoe Financial Inc. for failing to fully and fairly disclose material facts about conflicts of interest to clients and prospective clients. The regulator announced the settlement on its website. Terms of the settlement were not disclosed in the material.

TREE NEWS update: Tether said it helped authorities freeze nearly $550 million in USDT tied to Iran, acting alongside law enforcement. The disclosure came the same day a Senate minority report found USDT dominated activity in 84% of the 846 Iran- and proxy-linked wallets it studied. The report examined wallets connected to Iran and its proxies.

TREE NEWS update: Russian President Vladimir Putin signed a decree on September 28 extending the gas-for-rubles payment requirement from October 1, 2026 to April 1, 2027. Under the rule, foreign buyers must deposit rubles into a Russian supplier’s account at a Russian bank before payment can be completed.

TREE NEWS update: US Supreme Court Justice Samuel Alito has recused himself from a pending case involving climate damage claims against oil companies. The recusal removes Alito from the justices hearing the matter. No reason for the recusal was given in the material.

TREE NEWS update: The New York City Council said it expects executives from OpenAI and Meta to appear at an AI hearing. The council announced the anticipated attendance without specifying a date or the names of the executives. No further details on the hearing’s scope or agenda were provided.

TREE NEWS update: Coinbase is expanding its partnership with Citi to give businesses infrastructure that connects traditional fiat payments with stablecoins. The arrangement is aimed at bridging conventional banking rails and on-chain dollar tokens for corporate payment flows. No financial terms or launch timeline were disclosed.

TREE NEWS update: Fairshake, the crypto industry’s political action committee, has spent $11 million on media opposing Democratic Senator Sherrod Brown in Ohio’s Senate race, part of an initial $30 million pledge. The spending is seen by some as a repeat of the crypto industry’s 2024 election playbook.

TREE NEWS update: SEC Commissioner Hester Peirce is spending her last week at the agency after nearly a decade in the role. In remarks reflecting on her tenure, Peirce said there was still work she wanted to complete, adding that “there’s no good time to leave.” Her departure ends a term in which she became a prominent voice on crypto policy at the commission.

TREE NEWS update: Revolut has received approval from Argentina’s central bank to acquire Banco Cetelem Argentina, the French bank BNP Paribas’ local unit. Following completion, the entity will be renamed Revolut Bank Argentina S.A.U. and operate as a licensed bank, though it will not initially offer products or services to the public until remaining regulatory and operational requirements are met. Revolut says more than 150,000 people have joined its Argentina waitlist.

TREE NEWS update: The US Securities and Exchange Commission has issued a warning over the valuation of private assets, flagging “hard-to-value” holdings. The regulator said firms need to exercise “particular caution” when valuing private credit. The alert applies to private assets where reliable market prices are difficult to obtain.

TREE NEWS update: Bitget CEO Gracy Chen said the $388 million hack of the exchange exploited a third-party security vulnerability. Some stolen assets have been frozen, but Bitget has not disclosed how much has been recovered, as investigators continue to assess a possible North Korea link.

TREE NEWS update: Liu Liehong, head of China’s National Data Administration, toured Suzhou, Taizhou and Yangzhou in Jiangsu province from Sept 21 to 23, 2026, visiting firms including MegaRobo, Cowin Biotech, Yangzijiang Pharmaceutical and Biointron and holding meetings on the market-based allocation of data elements. Provincial data groups from Jiangsu, Nanjing and Wuxi, alongside companies such as PatSnap and Bank of Nanjing-BNP Paribas Consumer Finance, took part in the discussions.

TREE NEWS update: European Central Bank President Christine Lagarde said most government fuel support measures are neither temporary nor targeted. The remark points to fiscal aid that risks becoming a lasting, broad-based subsidy rather than a short-term, focused cushion.

TREE NEWS update: The European Securities and Markets Authority will shift its MiCA focus from rulemaking to supervision, its chair said, concentrating on crypto-asset service provider resilience, outsourcing and reverse solicitation. The regulator is also pursuing harmonized reporting across national authorities as the framework moves into its enforcement phase.

TREE NEWS update: Public security organs across China have filed and investigated more than 26,000 cases of counterfeiting and intellectual property infringement since the start of the year. Enforcement focused on food, drugs, daily consumer goods and electronics, as well as well-known trademarks and online shopping, social media and livestreaming channels. The Ministry of Public Security placed 177 cases under direct supervision, including fake brand car wheels in Zhejiang, counterfeit branded clothing in Chongqing and substandard e-bike helmets in Sichuan.

TREE NEWS update: China’s National Intellectual Property Administration has drafted two supporting regulatory documents to implement the newly revised Trademark Law, opening both to public comment starting today. The drafts — measures on handling trademark business under the revised law and updated trademark examination and review guidelines — focus on the law’s key amendments and address concerns raised by business operators.

TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission (SASAC) has formally issued the 15th Five-Year Plan for central state-owned enterprises, spokesperson and deputy director Pang Xiaogang said at a State Council Information Office briefing. The plan highlights value-added output while downplaying scale-based indicators such as operating revenue, Pang said, calling the drafting a centerpiece of this year’s work for state assets and central SOEs.

TREE NEWS update: The European Commission has published the text of its proposed EU Children’s Act, which would set new age limits for minors using social media across the bloc. Australia, Malaysia and other countries have already introduced similar restrictions, while some governments are pushing platforms to adjust features for minors, including curbing addictive algorithms and adding parental controls.