Global TradFi & Macroeconomics

Grayscale has submitted the fifth amendment to its filing with the SEC for a Zcash spot ETF, proposing to convert the existing Grayscale Zcash Trust into a spot ETF to be listed and traded on NYSE Arca under the ticker ZCSH. If approved, it would become the first spot ETF in the United States to directly track the price of Zcash, with an annual management fee of 2.5%. Structure of the Grayscale Zcash Trust’s Transition to a Spot ETF (Source: SEC) The Grayscale Zcash Trust has operated since 2017

Overnight SHIBOR fell to 1.4190%, down 1.50 basis points. The 7-day SHIBOR rose to 1.4320%, up 0.64 basis points, while the 3-month rate remained unchanged at 1.4300%.

According to ANZ research, LME copper futures fell 0.5% to $14,143 per metric ton in Asian early trading on August 24. The research report noted that copper remains a market focus as global inventory dynamics shift, with substantial copper inflows into London Metal Exchange warehouses helping to

Hanmi Pharmaceutical disclosed on the 24th a technology transfer agreement with US-based Genentech for obesity drug candidate HM17321, a sustained-release urocortin-2 (UCN2) analog. The deal totals $2.305 billion (approximately 3.1892 trillion KRW), with Genentech receiving exclusive global

Anthropic plans to go public at an estimated valuation of approximately $2 trillion and confidentially filed its IPO registration documents in June 2026. However, a Gallup poll conducted in May 2026 showed that 70% of Americans do not want an AI data center built near their homes, with nearly half of respondents saying they “strongly oppose” such facilities and only about one-quarter supporting local projects. Public opposition is emerging as a material risk that must be disclosed in the IPO fil

According to Goldman Sachs, if liquefied natural gas exports through the Strait of Hormuz fail to increase further, European TTF natural gas prices will need to surge above €100 per megawatt-hour (MWh) for December 2026 delivery to effectively absorb winter inventory. The investment bank estimates t

According to BlockBeats, trader xm39 expanded long crude oil and short Nasdaq positions on Hyperliquid on August 24, raising combined exposure from $17.6 million to $48.2 million, a 173.8% increase. WTI long positions grew from $7.3 million to $12.8 million, with an average entry price of $81.80 an

According to Yonhap Infomax, Hanmi Pharmaceuticals signed a technology license agreement with Genentech on August 24 for HM17321, an obesity drug candidate targeting muscle gain. The total deal value is $2.305 billion in non-refundable upfront payments plus $21.15 billion in milestone payments

The crypto market will see a series of key U.S. economic data releases this week: on Wednesday, the July Personal Consumption Expenditures (PCE) Price Index (forecast to increase 0.1% month over month and 3.6% year over year) and the annualized Q2 GDP growth rate will be released, while Fed Chair Kevin Warsh will also deliver a speech at the Jackson Hole symposium that day; on Thursday, initial jobless claims for the week ending August 22 will be released. This Week’s Key Economic Data Release C

Morgan Stanley Capital International (MSCI) announced a consultation on removing Strategy (formerly MicroStrategy) and other Bitcoin treasury companies from its Global Investable Market Indexes (GIMI). The index provider is consulting on defining 'Non-Operating Companies' and making them

High-net-worth investors in the Korean stock market maintained their portfolios through extreme volatility in July, avoiding panic selling despite widespread market turmoil. The KOSPI index dropped nearly 30% during July after briefly exceeding 9000 in June, then rebounded 17% in a single day on the

According to Strategy's official X account, on August 14, MSCI proposed removing non-operating companies from its Global Investable Market Indexes, affecting Bitcoin treasury firms like Strategy and Japanese rival Metaplanet. Strategy fired back, stating on X Friday: "Digital assets are assets. Inde

According to the Korea Exchange and financial regulators, the delisting market cap standard was raised to a maximum of 500 billion won (approximately $375 million USD) on August 21, based on 25% of the 2,000 billion won listing entry requirement. However, the specific rationale behind the 2,000 bill

Four major South Korean commercial banks attempted bond issuances on the 21st ahead of the Bank of Korea Monetary Policy Committee meeting, but only Hana Bank successfully secured investor demand. The failed issuances reflect heightened caution in the credit market as investors anticipate

Ray Dalio, founder of hedge fund Bridgewater Associates, warned on the 22nd (local time) about fiscal and debt problems across major economies, forecasting relative strength for assets not issued by governments such as gold and Bitcoin. Dalio posted on X an article titled 'How Countries Go Broke:

US Bitcoin spot exchange-traded funds (ETFs) recorded a net inflow of $1.92 billion for the week ending May 21, marking the largest weekly inflow in approximately 10 months, according to digital asset data platform SoSoValue.

According to Herald Economics reporting, U.S. government and AI hyperscaler companies have sharply increased bond issuance in recent weeks, pushing long-term interest rates to 19-year highs. The U.S. national debt reached $40.047 trillion as of August 18, while hyperscaler corporate bond issuance

In July, Leopold Aschenbrener's artificial intelligence hedge fund was forced to liquidate its positions after prime brokers including Goldman Sachs and JP Morgan demanded additional collateral, with assets under management plummeting from $45 billion to approximately $10 billion, according to

According to Ray Dalio, founder of Bridgewater Associates, on August 22, major economies including the U.S., UK, EU, China, and Japan face similar debt and fiscal deficit challenges. In a statement on X, Dalio warned that most economies will experience currency depreciation and debt adjustments.

According to SoSoValue, U.S. Bitcoin spot ETFs recorded net inflows of $1.92 billion in the week ended August 21, marking the largest weekly inflow since October 2025. The surge reversed the prior week's outflow of $389.71 million, while trading volume jumped to $22.15 billion, more than triple the