Global TradFi & Macroeconomics

According to Seoul forex market data as of July 23, the USD/KRW exchange rate fell to around 1,480 won from a peak of 1,559.20 won on July 1, marking the first decline since hitting its highest level since 2009. The roughly 80-won drop reflects increased dollar supply flowing from record-breaking ex

According to the Bank of Korea, South Korea's Gross Domestic Income (GDI) grew 3.6% quarter-over-quarter and 15.6% year-over-year in the second quarter of 2026 (as of July 23). The growth was driven primarily by surging semiconductor export prices, which boosted corporate profits and household

According to Yusuke Matsuo of Mizuho Securities on July 23, Bank of Japan Governor Ueda is expected to reaffirm the central bank's hawkish stance at next week's press conference, though this is unlikely to reverse the yen's weakness. Matsuo noted that markets have largely priced in the BoJ's expecte

According to Guru Club, lithium carbonate futures contract rose 3.58% intraday on July 23, trading at 146,500 yuan/ton.

Former BlackRock portfolio manager and Phinance Technologies co-founder Ed Dowd said in an interview with Kitco that 45% of the market cap of the S&P 500 is related to the AI sector, and that, at current valuations, the expected return over the next 10 years is zero. He said that private credit packaged into insured “wrappers” and resold to insurance companies is a structure that “sounds a lot like the 2008 financial crisis.” Credit default cycle kicks in: Private credit growth stalls Dowd said

According to on-chain analyst Yu Jin, a major whale closed its $13.5 million long position in Google at a loss of $740,000 on July 23, after Google's earnings report. The whale subsequently opened a $24.1 million long position in Micron at $977.6 per share, shifting focus to the semiconductor

South Korea's IPO market recorded sharp declines in the first half, with 17 new listings and ₩1.1 trillion in fundraising, according to Shinhan Securities on the 23rd. The 17 listings represented a 55.3% year-on-year decrease, while fundraising fell 48.7%, marking the weakest first-half

Hong Kong stocks opened higher today following a soft U.S. close, with the Hang Seng Index up 73 points, or 0.3%, to 24,966 points. The Hang Seng China Enterprises Index rose 15 points, or 0.2%, to 8,266 points, while the Tech Index gained 9 points, or 0.2%, to 4,677 points. AIA Group was among the

According to Shin Young Securities, South Korea's initial public offering (IPO) market posted its weakest first-half performance since 2020, with only 17 new listings and 1.1 trillion won in fundraising, down 55.3% and 48.7% year-over-year respectively. As of end-June, the average return from offer

According to BitcoinTreasuries.NET, the Louisiana State Employees' Retirement System, with $16.3 billion in assets under management, has increased its holdings of Microstrategy (MSTR) stock to 21,300 shares, valued at approximately $2.13 million, as of

比特币（BTC）短期反弹缺乏动能，截至7月23日暂报约$65,900。美国参议院共和党人正式发布了《CLARITY Act》（《加密市场结构法案》）最新修订版。该法案明确禁止在任期间的公职人员（例如总统、国会议员和联邦法官）为盈利而发行或参与发起数字资产。S&P推出了一项数字资产区块链基础指数，为传统按市值加权的加密指数提供了替代方案。 宏观事件与加密市场热点 1、据知名记者Eleanor Terrett在X上的发文，美国参议院共和党人已正式发布《CLARITY Act》（《Crypto Market Structure Act》，加密市场结构法案）的最新修订版。该草案涵盖五个核心领域：对公职人员的严格伦理规则、设立区块链开发者豁免、监管稳定币收益，以及旨在加强破产保护和强化执法的具体条款。其目标是为美国加密市场建立更清晰、更安全的监管框架。 尽管部分条款仍在与民主党进行激烈的跨党派谈判中，此次公布文本却清晰披露了共和党在加密政策上的核心底线。在修订草案中，由白宫与共和党参议员Cynthia Lummis等人谈判的“伦理规则”是主要关注点。法案明确禁止在任期间的公职人员（包括总统、国会

According to Binance's official announcement, the exchange is launching POPMART stock contracts (POPMARTUSDT) today (July 23). Trading goes live at 10:30 UTC+8.

According to Bitwise CIO Matt Hougan, Bitcoin has surged 9% since July 1 while Nasdaq declined 6%, signaling potential market bottom as ETF inflows turn positive. Hougan identifies stable coins, tokenization, 24/7 trading and instant settlement as core growth drivers. He highlights Hyperliquid

Australia's employment increased by 76,300 people in June, significantly exceeding the forecast of 19,000, according to official data. The increase compares to a prior month change of 40,300, demonstrating stronger-than-expected job creation

According to Jin10, at 09:30 Beijing time on July 23, WTI crude oil futures climbed 2.31%, while U.S. natural gas futures gained 0.99%.

According to MSX.COM, South Korea's KOSPI index surged 4% intraday to 7,072.44 points on July 23. SK Hynix gained over 6%, while Samsung Electronics rose more than 4%.

According to MSX.COM, U.S. stock market indices declined at market close on July 23, with the Dow Jones falling 0.01%, the S&P 500 dropping 0.14%, and the Nasdaq down 0.57%. AI-related stocks were hit harder, with UiPath losing 11.13%, Twilio falling 6.54%, ServiceNow declining 6.47%, Workday down 6.2%, and Palantir dropping 6.1%.

Seoul housing mortgage usage dropped 7.29 percentage points to 45.67% in one year ending June. Government loan caps drove the decline, pushing cash buyers to dominate districts like Ichon-dong and Sincheon-dong where mortgage ratios fell over 20 percentage points. The 6·27 and 10·15 policy

According to Korea Exchange, Shin Dong-bin, chairman of Lotte Group and largest shareholder of Lotte Shopping, announced plans to sell his stake worth 42.3 billion won on July 23. The stock declined 6.92% to 125,100 won by 10:09 a.m., with intraday losses exceeding 12% as investors reacted to the ma

The People's Bank of China conducted 204 billion yuan in 7-day reverse repurchase operations today, with bids and successful allocations both totaling 204 billion yuan. The operation rate was set at 1.40%, unchanged from the previous operation.