Global TradFi & Macroeconomics

Hong Kong's Securities and Futures Commission (SFC) has established a regulatory framework for round-the-clock trading of tokenized products on licensed platforms. With 13 tokenized products and approximately HK$10.7 billion in assets, this initiative aims to integrate traditional finance with Web3 through regulated stablecoins and tokenized deposits, enhancing liquidity.

Key Insights Solana ETF inflows reached $22.14 million this week, signaling sustained institutional accumulation and reinforcing short-term support above the 50-day EMA level. Futures open interest climbed to $5.53 billion, highlighting increased retail participation and growing

Digital asset treasury (DAT) companies are emerging as the focal point at Bitcoin Conference 2026 in Las Vegas, according to BTC Inc. head of growth partnerships Sean Hagan. After months of market drawdowns, nearly all firms that loaded their balance sheets with Bitcoin remain operational and are

Trump first directly mentioned Iran’s “regime change” in a public statement, and explicitly said that the U.S. side would not be influenced by Israel. He used Venezuela as an analogy, implying that the U.S. may adopt a long-term pressure strategy against Iran. This will change the negotiation framework and increase the risk of oil-price and market volatility. Taiwan investors need to pay attention to the oil price trend, the reaction at the Fed hearing, and the agenda of the U.S.-China summit.

JSCC, under the JPX Japan Exchange Group, partnered with Mizuho, Nomura, and Digital Asset to launch a concept proof-of-concept project based on the Canton network. The project will test the feasibility of Japanese government bonds as digital collateral, with the aim of improving liquidity and management efficiency in financial markets, and ensuring it does not conflict with existing regulations. The initiative also covers cross-border trading scenarios, signaling the application potential of Japanese government bonds in the digital asset space.

Russian cryptocurrency exchange Grinex ceased operations after a cyberattack caused losses over $13 million. The shutdown impacts Russian businesses' ability to convert rubles internationally and challenges the country's shadow finance system.

Indonesia aims to halt diesel imports by July 1, 2026, as it prepares to launch its B50 biofuel policy, blending 50% biodiesel with conventional diesel, according to Agriculture Minister Andi Amran Sulaiman.

President Trump deemed it "highly unlikely" that the ceasefire with Iran will be extended and indicated that the Strait of Hormuz will remain closed until a deal is finalized, with the current agreement expiring soon.

Kevin Warsh, nominated by Trump, becomes the first “Tech Bro” Fed chair, closely connected with Silicon Valley giants, and argues that AI can reduce inflation and supports an accommodative monetary policy. His Silicon Valley background could influence the Fed’s interest-rate decisions; expectations for the crypto market are positive, but the risk of conflicts of interest also needs to be considered. His appointment process and future policy direction will affect the U.S. Dollar Index and valuations of Taiwan stocks.

MicroStrategy bought 34,164 bitcoins for $2.54 billion last week, bringing its total holdings to 815k BTC, making it the largest bitcoin-holding institution in the world. The funding source was mainly raised through STRC preferred shares and common stock offerings, reflecting a signal from institutions to buy in the face of market weakness. Although the MSTR stock price faces short-term pressure, it still shows a strong long-term capital allocation trend, providing multiple ways for investors in Taiwan to participate.

Tether and CEO Giancarlo Devasini own 1.95 million shares (8.2%) in Bitcoin mining finance company Antalpha, which raised $49.3 million in its IPO. Antalpha offers Bitcoin-collateralized lending and has a $1.6 billion loan portfolio.

A major centralized exchange is negotiating with another to explore tokenization and custody for U.S.-listed stocks. The second exchange aims to enter the U.S. market via a separate entity, assisted by a local partner for compliance.

Gate News: According to the latest Gate TradFi data, AALG (AMERICAN AIRLINES GROUP INC) has dropped by 10% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Oil prices surged over 5% after the US seized an Iranian cargo ship, escalating tensions with Iran. Brent crude rose to $95.46, while WTI reached $88.86. Iran warned of retaliation, highlighting ongoing disruptions in the Strait of Hormuz.

Cryptocurrency ETPs saw $1.4 billion in inflows last week, marking the highest since January, driven mainly by Bitcoin. Year-to-date inflows reached $3.8 billion, boosted by positive geopolitical sentiment and Bitcoin price increases.

Shaanxi Tourism clarified a report on its shareholders, stating it hasn't listed tradable shares yet. It completed its IPO in late 2025 but saw declines in revenue and profit that year. As of April 20, shares were down slightly.

Iraq's Rabia border crossing with Syria has reopened after closure since 2011 due to security issues. This reopening, announced by Iraq's border authority, aims to enhance trade, movement, and energy transactions between Iraq, Syria, and neighboring countries.

Empery Digital sold 20 BTC for around $1.5 million, raising its total holdings to 2,914 BTC. The company plans to continue selling bitcoin to fund share repurchases and manage debt.

Polysilicon futures in China surged due to policy signals aimed at regulating the solar sector, yet analysts warned that the rally is based on expectations rather than actual market improvements. Elevated inventory levels and supply-demand imbalances remain concerns.

Hong Kong's SFC launched a pilot framework for secondary trading of tokenised investment products on licensed platforms, enhancing retail access and blockchain settlement. The framework includes investor protection measures and aims to expand the tokenised products market.