Global TradFi & Macroeconomics

According to Jin10 data, Moderna surged 177% overnight on August 20 following the company's announcement with Merck of successful results for a melanoma skin cancer vaccine in a large-scale trial. Meanwhile, multiple China-listed ETFs experienced significant premiums on August 20, triggering

According to Yonhapinfomax, the Korean won weakened to the 1,380 level against the U.S. dollar today (August 20), hitting its lowest point since September last year. The won briefly fell to 1,385.20, while the U.S. dollar index declined to 98.7, marking a three-month low. Semiconductor companies inc

According to Bitget, spot gold fell below $4,500 per ounce today (Aug 20), declining 0.51% intraday.

Cypherpunk Technologies (NASDAQ: CYPH) issued 43,290,042 prepaid warrants to Winklevoss Treasury Investments as consideration for its $33.33 million acquisition of a Zcash mining enterprise; CYPH shares rose 32.85% to $1.07 on Aug. 19. Financial Structure of the Cypherpunk Warrant Transaction The $33.33 million acquisition was paid for with warrants rather than cash. The transaction details are as follows: Number of warrants: 43,290,042 prepaid warrants for common shares, all issued to Winklevos

The US Federal Communications Commission (FCC) proposed a comprehensive ban on new optical communication modules manufactured by Chinese companies, triggering volatility in US and China optical communications stocks. Following the initial market reaction, Lumentum and Coherent reported earnings

According to BlockBeats, South Korea's KOSPI index (Korea Composite Stock Price Index) expanded intraday gains to 5% on August 20. The Korean Exchange activated its sidecar mechanism to temporarily halt program trading on the benchmark index.

On August 19, U.S. Eastern Time, U.S. President Trump said at a press conference: “As I understand it, CFTC Chairman Mike Selig is also working to bring Hyperliquid Strategies into the United States in a fully compliant and legal manner.” Following the news, shares of Hyperliquid Strategies (Nasdaq: PURR) surged 30.52% to close at $9.39. PURR Stock Surges 30%, While Cboe and CME Decline After Trump publicly mentioned Hyperliquid at the press conference, the market immediately reacted to the comp

According to Shanghai Gold Exchange, gold and silver futures surged during the morning session on August 20. Gold T+D rose 3.11% to 973.28 yuan per gram, while silver T+D jumped 5.15% to 16,204 yuan per

According to Guru Club, on August 20, Chinese yuan's share of global payments on SWIFT held steady at 3.1% in July, unchanged from the previous month.

Barclays analyst Simon Coles assessed SK Hynix as undervalued on 19일 (local time), maintaining an 'Overweight' rating and $300 target price on the company's American Depositary Receipts (ADR) following the announcement of a 40 trillion won share buyback program. The buyback represents

According to CryptoSlate, Nasdaq-listed AIxCrypto Holdings announced on August 20 an ordered liquidation of its cryptocurrency holdings as of June 30. The company held 46 BTC, 616 ETH, 6,659 SOL, 1,308 BNB, and smaller positions in ADA, LINK, TRX, USDT, and XRP, with a cost

China's five-year loan prime rate (LPR) remained at 3.5% in August, unchanged from the previous month's rate. The central bank maintained the benchmark lending rate amid ongoing economic conditions.

According to Nick Timiraos, the U.S. Treasury announced it will increase the maximum repurchase limit for long-term nominal coupon-bearing Treasury securities from $2 billion to at least $4 billion, effective September 9. Timiraos noted the timing is noteworthy: the announcement came roughly two

According to Bloomberg, Goldman Sachs is gauging investor demand for approximately $1.15 billion in junk bonds to fund the Digital Drive data center in Virginia, to be leased by CoreWeave, with issuance expected in September. CoreWeave, rated as speculative-grade credit, faces higher financing

On August 20, Bitcoin surged from around $64,100 to approximately $69,500, while Ethereum rose more than 9% to break above $2,100 for the first time since June. On August 19, the U.S. Treasury announced that it would raise the maximum size per operation of liquidity-supporting buybacks for 10–20-year and 20–30-year U.S. Treasuries from $2 billion to at least $4 billion. Policy Details of the U.S. Treasury’s Expanded Treasury Buybacks The specific policy announced by the U.S. Treasury is to raise

UBS strategists assessed short- and medium-term quality government bonds as attractive investments amid a global bond selloff that pushed long-term yields to multi-year highs. The assessment came as US 30-year Treasury yields approached their highest levels since 2007, Japan's 10-year yields

According to Jin10 Futures, crude oil prices continued to rise on August 20, driving fuel oil markets higher with a bullish sentiment. Refineries held back supplies at lower prices while pushing up asking prices, while downstream

According to Jin10 Futures, as of 8:45 today, CNEX money market sentiment index stood at 49, up 1 point from yesterday 4 p.m. Large banks, mid-sized banks, and non-bank financial institutions reported sentiment indices of 48, 50, and 48, respectively, each rising 1 point.

According to Jin10 Futures, on August 20, South China LPG market remained steady with upside potential driven by firmer international oil prices and reduced dock-to-vessel shipment plans. Refineries held prices steady while port traders executed multiple upside transactions. International oil prices

According to Hana Securities, on August 20, the brokerage maintained Naver's target price at 400,000 Korean won and designated the current price as a "zone of conviction to buy," with potential for further upside as the Neocloud business scales. Analyst Lee Jun-ho stated that Nvidia is directly