Global TradFi & Macroeconomics

According to Gate market data, on May 4, the Dow Jones Index closed down 557.37 points (-1.13%) to 48,941.9. The S&P 500 index fell 29.37 points (-0.41%) to close at 7,200.75, while the Nasdaq Composite declined 46.64 points (-0.19%) to 25,067.8.

According to ChainCatcher citing Jin 10 data, Italy's FTSE MIB index fell 1% intraday on May 4, while France's CAC 40 broke below 8,000, down 1.42% for the day.

According to U.S. Treasury Secretary Bessent on May 4, the United States controls the Strait of Hormuz, and global oil supply will be "very well supplied" despite current conflicts. Bessent stated the global oil deficit caused by ongoing conflict is approximately 8 million to 10 million barrels per

According to Iran's FARS News Agency, Iranian military attacked a U.S. warship attempting to transit the Strait of Hormuz on May 4. In response to the incident, international crude oil prices surged intraday, with Brent crude futures rising 5.1% and West Texas Intermediate (WTI) crude futures climbi

Financial expert explains why the stock market is going to crash. He goes into detail on how the Fed could respond and how best to navigate it. Could a crypto price rally occur instead? A reputed financial expert explains why the stock market is going to crash sometime this year,

Cerebras is set to list on Nasdaq, with an estimated valuation of about $40 billion and a fundraising cap of $4 billion, issuing shares at $115–$125. Powered by its wafer-scale processor WSE, it positions itself as an AI infrastructure platform, with clients including OpenAI and AWS, and TSMC as a key contract manufacturer. Revenue in 2025 is expected to be $510 million but with losses, relying on a small number of major customers such as G42 and MBZUAI; OpenAI plans to deploy 750MW of low-latency compute, and AWS Bedrock also has a partnership.

Chaozhou Three-Circle Group has filed for a Hong Kong listing targeting up to US$1 billion in fundraising after securing regulatory approval in China, according to Reuters. The Guangdong-based ceramic components manufacturer filed its draft prospectus in December 2025 and plans to deploy proceeds to

According to Reuters, AI chipmaker Cerebras Systems started its IPO roadshow on May 4 for a Nasdaq listing under the ticker CBRS. The company plans to price shares at US$115 to US$125 and could raise up to US$4 billion at a valuation of approximately US$40 billion. This marks Cerebras' second

The UAE has exited OPEC. At its May meeting, OPEC+ announced a June production increase of 188k barrels per day without the UAE, with the seven countries coordinating to restrain supply. The UAE’s departure limits the organization’s influence; if it were to independently increase production again, the market could face additional pressure. Key focus going forward: the direction of the June meeting, the UAE’s independent moves, and the supply role of US shale amid disruptions in the Strait of Hormuz.

WisdomTree crypto ETPs saw $137M inflows in Q1 2026, reversing prior-year outflows and signaling renewed investor interest. Crypto AUM reached $1.8B despite market declines, while total firm assets grew over 30% year over year. Product expansion and tokenization efforts boosted

South Korea is pushing a won-pegged stablecoin after $115B flowed into dollar-backed tokens, raising FX and policy concerns. The Bank of Korea favors a bank-led rollout with strict oversight, warning of risks to monetary stability and reporting compliance. Competing KRW stablecoin

Meta announced during its latest earnings call that Threads has surpassed 150 million daily active users and expanded advertisements to over 200 countries, according to the company's financial disclosures. However, Meta cautioned that Threads and WhatsApp Status are unlikely to generate meaningful r

Morgan Stanley once again raised its forecast for capital expenditure by the top five U.S. cloud giants: about $805B in 2026 and about $1.116 trillion in 2027, and in 2026 spending on non-tech sectors will be roughly comparable to 2025. David Sacks said AI capex contributes about 2.5% to GDP and could exceed 3% next year, viewed as a new engine for the U.S. economy.

The Wall Street Journal said that, to prepare for IPOs from SpaceX, OpenAI, Anthropic, and others, the S&P and Nasdaq have loosened the criteria for component stock selection. The S&P has cut the new-share observation period to six months, or waived the profit threshold; the Nasdaq 100 has introduced fast-track inclusion, allowing ultra-large IPOs to be added to the index on the 15th day after listing. Selection criteria have been changed to rely on total market capitalization, remove the minimum free-float requirement, and adopt dynamic weighting. Experts questioned whether it could amplify the risk of popular stocks and distort price discovery when it may be insufficient.

According to Amy Oldenburg, head of digital asset strategy at Morgan Stanley, the bank's Bitcoin-linked exchange-traded product (ETP) MSBT attracted over $100 million in inflows within its first six days after launch. Speaking at a Bitcoin conference in Las Vegas, Oldenburg stated that all fund infl

According to The Korea Times, Samsung Electro-Mechanics and LG Innotek reported stronger first-quarter earnings driven by surging demand for AI-related semiconductor substrates and components. Samsung Electro-Mechanics posted 3.2 trillion won ($2.18 billion) in revenue and 280.6 billion won ($191 mi

According to Hong Kong Radio, the Hong Kong Exchanges and Clearing (HKEX) on May 4 announced plans to resume gold futures trading within coming months. HKEX's market director said the exchange will consult market participants and stakeholders to optimize contract design and refine mechanisms. The mo

AI inference rewrites the memory value standard. HBM demand is no longer affected by DRAM cycle times, and instead uses token throughput as the core metric. Token throughput equals the product of HBM capacity and bandwidth, and intergenerational growth requires both to increase in tandem. Software optimization cannot replace hardware demand, so the GPU supply side must restrain capacity expansion to avoid the risk of oversupply.

According to Bloomberg, on May 4, Australia's stock exchange operator ASX warned companies not to overstate the impact of artificial intelligence on their businesses. ASX Chief Compliance Officer Lucinda McCann said the exchange was watching for "ramping" or claims intended to lift share prices