Global TradFi & Macroeconomics

Bitcoin (BTC) is decoupling from U.S. tech stocks and continues to rise, temporarily around $65,500 as of July 21. U.S. President Trump did not sign the ethics provisions, and negotiations on the CLARITY Act have hit a stalemate. Grayscale has filed a registration statement for a Grayscale Worldcoin ETF with the U.S. Securities and Exchange Commission (SEC). Macro Events & Crypto Market Hotspots 1、According to The Block, last week, Sichuan普 President and Republican senators Bernie Moreno and Cyn

According to Korea Securities Depository, equity-linked securities (ELS) issuance in the first half of 2026 reached 27.76 trillion Korean won, marking a 28% increase compared to the same period last year. By underlying asset, ELS linked to U.S. and European indices saw declining issuance, while

South Korea's Financial Supervisory Service has not yet confirmed the schedule for its comprehensive inspection of KB Financial Group, despite earlier announcements targeting the second half of this year. The FSS entered a three-week inspection suspension period from the previous day until next

LX International's operating profit for Q2 is forecast to more than double compared to the same period last year, driven by rising coal prices in its core business. According to the average forecast from six securities firms compiled by Yonhap Infomax on the 21st, LX International's Q2 operating pro

According to Business Wire, Archer Aviation (NYSE: ACHR) and Anduril unveiled a military-commercial autonomous vertical takeoff and landing aircraft platform on July 20, lifting Archer shares 19% to $5.31. The dual-use platform combines defense and commercial applications, with Anduril's unmanned mo

According to Business Insider, Goldman Sachs identified three non-AI sectors as investment opportunities on July 20. The bank recommended consumer experience-related stocks, high-growth companies, and acquisition targets as areas to consider amid market volatility. Goldman noted that consumer experi

According to Jin10, the People's Bank of China conducted 253 billion yuan in 7-day reverse repos today (July 21). With 236.5 billion yuan maturing, the operation resulted in a net injection of 16.5 billion yuan into the money

According to U.S. Central Command and the Pentagon, American forces carried out their 10th consecutive night of strikes on Iran on Monday, July 21, as military operations near the Strait of Hormuz intensified. The conflict has claimed 17 U.S. troops killed and approximately 430 wounded since late

According to a Korea Economic TV survey of 18 research center directors, nine respondents identified 6,000-6,500 as KOSPI's key support level amid current market volatility. Four additional directors cited 6,500-7,000 as potential support; however, some brokerages including Sangsangin Securities

On July 21, China's interbank foreign exchange market set the yuan's midpoint rate against the dollar at 6.7917, down 31 points from the previous day as the yuan appreciated. The euro/yuan rate was set at 7.7418, down 152 points, while the British pound/yuan fell 179 points to 9.1083. The Canadian d

According to Robinhood's X announcement on July 21, the platform has opened AI agent functionality to users. Users can now authorize AI agents to research, trade, and manage their investment portfolios by connecting Robinhood's MCP server to their agent platform, with setup taking less than one

Korean securities firms have experienced a sharp decline in analyst headcount, dropping from 1,575 in 2010 to approximately 1,000 in recent years, while individual workload surged from 15 reports annually to over 20. The exodus stems from stagnant compensation and the reclassification of research ce

Samyang Foods and Nongshim are forecast to achieve earnings surprises in Q2 2026, according to securities firm analyses compiled on May 21. Both Korean instant noodle manufacturers are expected to exceed market expectations due to overseas sales expansion and favorable exchange rate effects.

According to Seoul Economics, South Korea's analyst workforce fell to around 1,000 from 1,575 in 2010, with 'no rating' (N/R) reports surging to 13.3% in the first half of 2026 from 5.7% in 2022. The decline reflects simultaneous pressures: personnel cuts and increased workload per analyst to 20+ re

According to CEO Bae Jae-kyou of Korea Investment Trust Management, leveraged and inverse single-stock ETFs pose significant risks to retail investors. On July 20, while SK Hynix shares fell 17.9%, related leveraged ETF products plunged 47.5%—far exceeding the theoretical decline of

According to major South Korean securities firms, Samyang Foods and Nongshim are expected to deliver Q2 2026 earnings surprises led by strong overseas performance. Samyang's Q2 revenue is projected at 761.6 billion won with operating profit of 176 billion won; overseas revenue is forecast to

Julia Herman, global market strategist at New York Life Investments, forecasted on the 20th (local time) via Business Insider that 'chipflation' — surging prices for AI-related logic and memory chips — will become the next major challenge testing the AI investment market. Herman stated that

Metaplanet’s subsidiary, Bitcoin Japan, announced on July 17 that it has approved a convertible bond transaction with the EVO Fund. It plans to raise 9.66 billion yen (about $59.5 million) and intends to make its first bitcoin purchase with more than 662 million yen (about $4 million). Its parent company, Metaplanet, is a Japan-listed public company. Bitcoin Japan Funding Deal: EVO Fund Convertible Bonds and First Bitcoin Purchase Plan Bitcoin Japan is a publicly traded company headquartered in

South Korean bond markets maintained a cautious stance on July 21, closely monitoring Middle East-related headlines as Houthi rebels declared a maritime blockade against Saudi Arabia. The market weakness centered on short- to medium-term bonds, driven by heightened inflation concerns and

According to The Block, on July 21, Ark Invest purchased 170,634 shares of SpaceX (SPCX) worth approximately $20.5 million, as SPCX fell 3.3% on the day. On the same day, Ark sold 41,322 shares of Robinhood (HOOD) valued at approximately $4.1 million.