Global TradFi & Macroeconomics

On July 17 at 4:30 p.m. local time, the onshore Chinese yuan closed at 6.7773 against the U.S. dollar, down 95 pips from the previous trading day.

According to Samsung Securities researcher Lee Jong-wook, SK Hairix shares fell 15.4% on July 13, marking the worst trading day since October 2008. Samsung Electronics dropped 10.7%, Samsung Electro-Mechanics fell 18.6%, and LG Innotek declined 11.3% on the same day. The analyst attributed the

According to Kyodo News, the Bank of Japan kept interest rates unchanged at its July meeting on July 17.

According to Jin10 data, Federal Reserve official Logan said today (July 17) that rate hikes should be raised to combat inflation. Separately, U.S. mortgage rates rose to 6.55%, marking the highest level since

The wealthiest 0.00001% of Americans now hold 12% of total US national income, according to data from economists Emmanuel Saez and Gabriel Zucman cited by The Kobeissi Letter. This concentration level is more than four times higher than after the 2008 financial crisis. The surge stems primarily from

According to The Kobeissi Letter, citing data from economists Emmanuel Saez and Gabriel Zucman, the top 0.00001% of Americans currently command 12% of total national income—more than four times higher than the post-2008 financial crisis level. Historical data shows this share remained below 1% from

According to BIT trading data, Nasdaq 100 index futures fell 2% on July 17, with S&P 500 futures down 1%, according to Jin10.

According to an official Gate announcement on July 1, 2025, as reported by Gate News, Gate TradFi stock services now support deposits and withdrawals of U.S. and Hong Kong stocks. Users can apply to transfer stocks held with external brokerages into Gate or transfer stocks from their Gate Stock Account to other brokerages. Transfers use the FOP method, with U.S. stock transfers processed through the DTC and Hong Kong stock transfers through CCASS. Gate does not charge transfer fees, and transfer

Pharmaresearch is accelerating overseas market expansion based on its competitive strength in the domestic Rejuran market. Samsung Securities forecasts the company's Q2 revenue will reach 172.5 billion won, up 22.6% year-over-year, and operating profit will increase 25.3% to 70 billion won,

According to CNBC, BP and ConocoPhillips plan to announce multi-billion-dollar investments in Iraq on Friday (July 18) during a U.S.-Iraq Business Summit in Washington. Iraqi Prime Minister Mohammed Shia al-Sudani will attend talks with U.S. officials and major energy executives. The combined inves

According to Samsung Securities, Pharmaresearch forecasts Q2 operating profit at 70 billion KRW, up 25.3% year-over-year, with revenue reaching 172.5 billion KRW (up 22.6%). The company is accelerating overseas expansion through medical tourism growth and export channels in Japan, Europe, and the

According to BlockBeats citing BIT trading data, SpaceX continued its downward trend on July 17, falling 4.6% in pre-market trading to $125 per share, breaking below its $135 IPO price. The company's Starship rocket was halted before

According to a report from First Financial (一财), on July 17, Veritasdb co-founder and former Chief Operating Officer Tao Song filed a real-name complaint alleging the company and founder Liu Peichao concealed major equity defects in the A-share prospectus. Song claimed he should hold 69.7373% of the

On Hong Kong market close on July 17, Zhipu (02513.HK) fell 28.49%, while MINIMAX-W (00100.HK) declined 15.63%. The Hang Seng Tech Index dropped 4.37%, and the Hang Seng Index fell 1.78%.

According to Bitget market data, U.S. optical communications stocks extended declines in pre-market trading on July 17. Corning and Coherent fell 5%, while Credo, Lumentum, and Marvell Technology dropped

Gate News reports that, according to an official Gate announcement, Home Depot, Linde, UnitedHealth Group, Qualcomm, and Meta Platforms have announced that they will distribute this period’s cash dividends. Gate will complete the USDT dividend settlement for users who held the relevant stocks at the snapshot time on a pro-rata basis. For the dividend rules: Home Depot pays a dividend of $2.33 USD per share, Linde $1.60 USD per share, UnitedHealth $2.32 USD per share, Qualcomm $0.92 USD per share

According to the London Metal Exchange (LME), base metal inventories declined across the board today (July 17). Copper inventory fell by 3,975 tons, the largest decline, followed by lead down 1,950 tons and nickel down 564 tons. Aluminum inventory decreased 1,500 tons, zinc fell 150 tons, and tin in

Gate News reports that, according to the platform’s announcement, 206 stocks and ETF underlying assets—including Nike (NKE)—have declared the distribution of cash dividends for the current period. Gate will complete USDT dividend settlement proportionally for users who held the relevant stocks during the snapshot time window, with full automation throughout. This dividend distribution covers corporate dividend dates from June 29, 2026, to July 5, 2026, for the relevant stocks and ETF underlying

Strategy raised its cash reserves to approximately $3 billion through a $466.7 million share sale between July 6 and July 12, while keeping its Bitcoin holdings unchanged at 843,775 coins. JPMorgan analysts led by Nikolaos Panigirtzoglou described the move as financially disciplined and issued a

According to JPMorgan analysts led by Nikolaos Panigirtzoglou, Strategy raised cash reserves to $3 billion between July 6 and July 12 through a $466.7 million share sale. The bank characterized the move as an encouraging signal for Bitcoin's outlook, as it provides roughly 20 months of preferred