Global TradFi & Macroeconomics

According to Grayscale's latest assessment, the crypto asset manager outlined two divergent scenarios for Bitcoin's price bottom. If the four-year cycle theory holds based on historical patterns, Bitcoin could bottom in September or October, with past cycles showing price floors forming

According to Bitget, during intraday trading on July 23, Nasdaq-100 components showed sharp divergence, with semiconductor and industrial stocks outperforming. Honeywell surged 6.59% following stronger-than-expected earnings, while Applied Materials (+3.21%), Micron (+3.88%), and Lumentum (+3.55%) a

The European Central Bank (ECB) held all three policy rates steady at its July 23 monetary policy meeting. The deposit rate remained at 2.25%, the main refinancing rate at 2.40%, and the marginal lending rate at 2.65%. The ECB stated it is monitoring the impact of its June rate hike, when it

According to its official statement, the European Central Bank held all three key policy rates unchanged on July 23, following a 25 basis point increase across all rates in June. The deposit rate remains at 2.25%, the main refinancing rate at 2.40%, and the marginal lending rate at 2.65%. The ECB ci

According to Hong Kong Exchanges and Clearing data reported by Hong Kong Economic Journal, the July Hang Seng Index futures fell to 25,000 points as of late evening on July 23, down 210 points or 0.83%, trading at a discount of 211 points. The Hang Seng China Enterprises Index futures traded at 8,27

According to Coinbase's July 23 announcement, the exchange unveiled its post-quantum cryptography roadmap and launched the Bitcoin Security Consortium alongside BlackRock, Fidelity Digital Assets, Block, Blockstream, and others to support long-term Bitcoin network security. Coinbase is developing

According to CoinDesk, Tesla held 11,509 BTC unchanged for a fourth consecutive year, taking approximately $112 million in impairment loss in the second quarter as bitcoin fell 14%.

According to Reuters calculations, Russia's federal oil and gas tax revenue increased 60% year-over-year in July, reaching 1.3 trillion rubles, driven by rising global oil prices.

Norfolk Southern Railroad (NSC) surged 8.4% on July 23, marking its largest intraday gain since November 2024, driven by better-than-expected second-quarter earnings and optimism over a potential acquisition. The rally followed an agreement announced by Union Pacific and Canadian National under

Tesla Inc. (TSLA) faced price target cuts from Wall Street analysts following its second-quarter earnings miss, with firms citing concerns that the company's rising AI spending must now be matched by tangible progress in its robotaxi and Optimus programs. Shares fell more than 12% in Thursday's

According to the U.S. Energy Information Administration (EIA), American natural gas inventories increased by 32 billion cubic feet last week, falling short of the Bloomberg consensus forecast of 34 billion cubic feet. Inventories rose 1.06% week-over-week to 3.06 trillion cubic feet, compared to the

According to Yuanalyze, Honeywell Technologies (HON-US) raised its full-year 2026 earnings guidance on July 23, driven by strong demand for industrial and building automation products. Building Automation delivered 9% organic revenue growth with 13% order growth, boosted by double-digit expansion in

According to Morgan Stanley, leveraged investors have reduced funding in U.S. Treasury basis trading by over $200 billion in recent months, with total capital currently standing at around $1 trillion. Basis trading, which exploits price differences between Treasury futures and spot bonds, has lost a

According to EIA, U.S. natural gas stockpiles for the week ending July 17 stood at 32 billion cubic feet, falling short of expectations of 35 billion cubic feet and declining from the prior week's 41 billion cubic feet.

According to the EIA weekly natural gas report, U.S. natural gas inventories reached 3.056 trillion cubic feet for the week ending July 17, up 32 billion cubic feet from the prior week. Year-over-year, inventories declined 16 billion cubic feet, or 0.5%. The current level remains 183 billion cubic f

According to MSX.COM, Google raised its 2026 capital expenditure forecast to $195-205 billion from $190 billion on Thursday, with the stock price declining over 7%. The increase highlights mounting costs in artificial intelligence competition among major tech firms. Meta, Microsoft, and Amazon

According to SemiAnalysis, ASML raised its full-year 2026 guidance for the second time in Q2, signaling strengthened momentum in the semiconductor equipment cycle. The institution highlighted positive indicators including order visibility extending to 2028, accelerated capacity expansion, planned

According to Korean Economic TV, on July 23, Alphabet announced it will continue expanding capital expenditure to meet artificial intelligence demand. The statement eased market concerns about an AI investment peak, shifting investor focus to Microsoft, Meta, and Amazon and signaling potential

The US dollar strengthened on the 23rd, with the Dollar Index rising to 101.297 as of 8:03 AM Eastern Time, up 0.175 points or 0.173% from the previous close of 101.122, according to Yonhap Infomax. The currency gained as shipping disruptions in the Strait of Hormuz and Red Sea coincided with

According to Yonhap Infomax, on July 23, the U.S. Dollar Index (DXY) rose to 101.297, up 0.175 points (0.173%) from the previous close of 101.122, as shipping disruptions in the Red Sea and Strait of Hormuz drove up international oil prices. Pro-Iran Houthi forces claimed responsibility for