Global TradFi & Macroeconomics

According to Chinese Customs, lithium spodumene imports totaled 758,000 tonnes in April 2026, declining 9.5% month-on-month. Imports from Australia rose to 355,000 tonnes, up 38.9% from March and 19.2% year-over-year. Shipments from South Africa dropped 33.2% to 113,000 tonnes, while Brazilian impor

TDK announced on May 19 that its Singapore battery unit Amperex Technology Singapore will acquire all shares of Linergy Power, a Kuala Lumpur-based lithium-ion battery maker, for approximately US$241.1 million. The transaction, comprising US$240 million for shares and US$1.1 million in advisory

According to Bits.media on May 20, Yekaterina Lozyazhnikova, Director of the Department for Financial Market Strategic Development at the Bank of Russia, confirmed that only when foreign crypto exchanges “do not comply” with international sanctions will Russians be allowed to trade on the platform via Russian brokers. The Bank of Russia plans to set domestic standards to allow Russian brokers and investors to use qualified foreign platforms; the annual purchase limit for non-professional investo

Shanghai Gold futures main contract fell 2.00% intraday on May 20, trading at 980.56 yuan per gram.

Bitcoin (BTC) continues a weak trend, temporarily trading at around $76,820 as of May 20. The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit over a Minnesota state-level bill that clearly bans prediction markets in the state. Japan will allow foreign trust-based stablecoins to enter its payment system starting June 1. Macro events & Crypto hot spots 1、According to a report by The Block, the U.S. Commodity Futures Trading Commission (CFTC) and the Department of Justice have

According to Bloomberg, Perpetuals.com, led by ex-FTX executive Patrick Gruhn, launched UpsideOnly on May 19, a platform where users submit paper trades without depositing funds while the company shares half of any profits generated. The platform uses an proprietary AI model trained on 22 billion tr

According to Odaily, on May 20, U.S. stock indices closed lower, with the Dow Jones down 0.65%, S&P 500 down 0.67%, and Nasdaq down 0.84%. The VIX fear index rose 1.35%. Crypto-related stocks declined broadly: BTCS fell 5.71%, Robinhood dropped 3.88%, Tron Inc. fell 3.03%, Hut 8 lost 3%, and DeFi D

According to Lloyd's List Daily, at least 54 vessels transited the Strait of Hormuz during May 11-17, up from 25 the previous week. The report noted that despite continued U.S. restrictions on ships entering and leaving Iranian ports, shipping traffic through the waterway increased significantly. Th

China's central bank conducted 50 billion yuan in 7-day reverse repos today (May 20) at a fixed rate of 1.40%, matching the previous day's rate. Additionally, 500 million yuan in repos matured today.

According to China's interbank forex market, the USD/CNY middle rate rose 22 pips to 6.8397 on May 20, indicating yuan depreciation. The EUR/CNY rate fell 230 pips to 7.9207. Other major currency pairs against the yuan: HKD/CNY

According to Foshan Gold Control Futures research on May 20, China's alumina inventory continues to accumulate amid ongoing supply disruptions in the Middle East. The Strait of Hormuz passage remains restricted, with multiple regional aluminum smelters maintaining reduced output or suspending

Groww, a Bengaluru-based investment platform, saw its promoter group sell approximately 0.23% of the company in recent days. According to stock exchange disclosures, the stake sale was valued at an estimated 2.5 billion rupees (US$25.9 million) to 2.6 billion rupees (US$27 million). BSE filings

U.S. President Trump signed an executive order on May 19, directing the federal government to update its regulatory framework to “integrate digital assets and innovative technologies into traditional financial services and payment systems.” The executive order instructs heads of relevant financial regulators to review existing rules within 3 months, identify any rules that “improperly hinder financial technology companies from establishing cooperative relationships with federal regulators”; with

According to Jin10, on May 20, China's stock market saw several key developments. The Ministry of Foreign Affairs announced that China and the U.S. have agreed to initiate government-level dialogue on artificial intelligence. Separately, Yangtze Memory Technologies launched IPO preparation

According to Guru Club, China's domestic futures market opened broadly higher on May 20 morning. Baltic Exchange's China Containerized Freight Index (欧线 equivalent) surged over 2%, while crude oil (SC), asphalt, and fuel oil each gained nearly 2%. Other gainers included low-sulfur fuel oil (LU),

According to the Wall Street Journal, the U.S. Commodity Futures Trading Commission (CFTC) is reviewing a surge in crude oil futures trading volume that occurred in March, ahead of the Trump administration's announcement to delay military strikes against Iran. As part of the investigation, the CFTC

On May 20, Bitcoin fell to around $76,700, down from its previous week’s high of $82,000. On May 19, the yield on the 30-year U.S. Treasury briefly rose to 5.198%, the highest level since 2007. Prime Capital Financial Chief Investment Officer Will McGough said, “The bond vigilantes are doing their job right now.” Confirmed data on U.S. Treasury yields Confirmed based on TradingView and CNBC data (May 19, 2026): 30-year U.S. Treasury yield: 5.198% (briefly touched), the highest since 2007; up mor

On the morning of May 20 (Wednesday), Shanghai Gold Exchange gold T+D fell 1.01% to 988.46 yuan per gram, while silver T+D declined 2.93% to 18,180 yuan per kilogram.

Shanghai Silver Futures fell 4.00% intraday on May 20, trading at 18,087 yuan per kilogram.