Global TradFi & Macroeconomics

On July 8 at 3:00 AM Beijing time, the onshore Chinese yuan fell 110 points against the U.S. dollar, closing at 6.8052 CNY per USD. Trading volume reached 48.695 billion USD.

According to the Wall Street Journal, Iraq has agreed to a U.S. request to stop providing dollar funding flows to Iran-backed militia groups. The move marks a shift in Iraq's financial support mechanisms for the armed

French bond yields surged on the 8th (local time), with the 10-year yield jumping 13.30 basis points to 3.8081% by 12:30. The spike followed an appeals court ruling the previous day that lifted Marine Le Pen's electoral ban, clearing her path to run in the presidential election where she currently l

Block Inc., owner of Cash App, agreed Wednesday to pay $45 million to settle allegations from regulators in nearly every U.S. state after prosecutors said the company failed to adequately protect customers from fraud and misled users about the app's security. The New York Attorney General's Office s

According to Yonhapinfomax, French 10-year sovereign bond yields surged to 3.8081% on July 8 (local time, morning), up 13.30bp in a single session. The 2-year yield climbed to 2.8412% and the 30-year to 4.7034%. Yields have risen 26bp this month alone. The move followed far-right National Rally

According to the New York Attorney General's Office on Wednesday, Block Inc. agreed to pay $45 million to settle allegations that the company failed to protect Cash App users from fraud and misled them about security. Regulators across nearly every U.S. state claimed Block marketed Cash App as

Kraken's parent company Payward raised $800 million in late 2025 at a $20 billion valuation, backed by Citadel Securities, Jane Street, and DRW Venture Capital. A Deutsche Börse secondary share purchase in April 2026 valued the cryptocurrency exchange at $13.3 billion, representing a 33% decline

UniCredit secured a 47.6% stake in Commerzbank after a contested takeover offer, but Commerzbank said on Wednesday that less than 2% of institutional and retail investors tendered their shares. The German lender stated the low acceptance rate among independent shareholders demonstrates the low

WTI August crude futures rose 4.37% to $73.52 per barrel today (July 8), with a gain of $3.08. Abu Dhabi Murban crude futures climbed 8.09% to $74.55 per barrel, outpacing broader crude gains amid market

U.S. crude oil futures settled at $73.52 per barrel today on July 8, rising $3.08, or 4.37%.

According to Jin10, Shanghai gold futures closed down 1.47% at 892 yuan per gram, while Shanghai silver futures fell 3.88% to 14,260 yuan per kilogram on July 9 at the 2:30 a.m. close. SC crude oil futures rose 4.30% to 475 yuan per

Gold T+D on the Shanghai Gold Exchange fell 1.25% to close at 891.59 yuan per gram, while silver T+D declined 3.36% to 14,258.0 yuan per kilogram during tonight's trading session on July 8.

According to Commerzbank, less than 2% of institutional and retail investors tendered shares in UniCredit's takeover offer on Wednesday, despite the Italian bank holding 47.6% of the German lender. Commerzbank said the low acceptance rate demonstrates the "low attractiveness of the offer." German p

According to the Federal Reserve's June meeting minutes released on July 9, real gross domestic product maintained robust growth in the second quarter. Artificial intelligence expansion continued to drive real investment spending in data centers, high-tech equipment, and software. Real private domes

Bitcoin exchange-traded funds have recorded $510 million in net inflows over the past three days since Friday, reversing a prolonged outflow trend. The shift follows an eight-week period during which the products shed roughly $8 billion as Bitcoin fell to a 21-month low. James Butterfill, head of re

According to 21Shares, Bitcoin exchange-traded funds generated $510 million in net inflows over the past three days, reversing a record slump after shedding $8 billion over eight weeks. "It looks like sentiment might be turning a corner," said James Butterfill, head of research at 21Shares. "They a

According to its latest meeting minutes released yesterday, the Federal Reserve raised its inflation forecasts for 2024 and 2025 above the projections set in April. Core inflation has already exceeded 3% and is expected to remain largely unchanged for the remainder of the year, the central bank

According to Jin10, the Federal Reserve's June meeting minutes, released July 9, show all officials voted to maintain interest rates unchanged despite growing inflation concerns. Some officials argued for immediate rate increases, but the broader discussion revealed divided views: most officials

According to Glassnode, on July 8, Bitcoin has traded below the cost basis of both long-term and short-term holders for nearly five months, driving long-term holders to realize losses of roughly $280 million per day—the highest level since late 2022. The analytics firm attributed the pressure to

According to Federal Reserve meeting minutes released recently, most participants expressed the desire to remove the 'accommodative bias' language from the policy statement, reflecting potential shifts in the central bank's forward