Global TradFi & Macroeconomics

According to Herald Economy, South Korean President Lee Jae-myung recently ordered acceleration of the inheritance and gift tax reform bill, designed to prevent stock price suppression. Data shows companies trading below 0.8x price-to-book (PBR) ratio now comprise nearly half of all South

According to CNBC, Bank of America raised JPMorgan Chase's price target to $420 from $408 on July 16, implying 21% upside from Wednesday's close. The firm reiterated its buy rating following the bank's stronger-than-expected second-quarter results. JPMorgan reported adjusted Q2 earnings per share o

GE Aerospace stock fell 4.2% to $345.10 in pre-market trading on Thursday despite reporting second-quarter revenue of $13.35 billion and adjusted earnings of $2.02 per share, both exceeding analyst estimates. The decline followed a 1.87% gain to $360.35 in the previous session, suggesting

According to GE Aerospace, the company posted second-quarter revenue of $13.35 billion, up 31.5% year-over-year and well above analyst expectations of $11.91 billion on Thursday. Adjusted earnings per share reached $2.02, beating estimates of $1.86 by 8.6%, while the company raised full-year

According to Morning Minute, Jesse Pollak, Coinbase executive running Base blockchain, handed the Base consumer app to trader Cobie today and acknowledged his 2024-2025 strategy betting on onchain social growth was incorrect. Pollak admitted that the social ecosystem he championed—including

On July 16 evening session, Shanghai Gold Exchange gold T+D contracts fell 0.72% to 877.2 yuan per gram, while silver T+D contracts declined 3.02% to 13,849 yuan per kilogram.

According to Odaily, Longsine Technology has set its IPO offering price at 8.66 yuan per share, requiring 4,330 yuan per winning lot of 500 shares. Based on market analysis across four valuation scenarios, the company's post-listing opening-day gain is projected between 70%-600%, translating to

According to Eni's CEO, Europe could face high natural gas prices in January 2027 due to halted Russian imports and low storage levels.

According to Odaily, Huofang Quantitative, controlled by Liang Wenfeng, is participating in Changxin Technology's IPO underwriting at 8.78 yuan per share, with maximum bids up to 230 million shares per batch. The Zhejiang Jiuzhang and Ningbo Huofang entities, both registered with China's fund industry association and both 85%+ controlled by Liang, are placing most products in the 70–140 million share range. Changxin's IPO strategic allocation also attracted state-backed funds including the Natio

According to Reuters on July 16, Iran has instructed Yemeni Houthi forces to prepare to close the Strait of Hormuz should the United States attack Iranian power infrastructure, according to three informed sources. The directive poses a significant new threat to

South Korea's benchmark stock indices fell sharply today, with the KOSPI dropping more than 6% to close at 6,820 and the KOSDAQ declining over 4% below the 800-point level. The declines were driven by weakness in U.S. semiconductor stocks and the Bank of Korea's recent interest rate

Strategy CEO Phong Le told Bloomberg TV that the company's balance sheet would remain very secure until Bitcoin reaches the $8,000–$10,000 range, framing it as a capital-structure stress threshold tied to debt risk. At Bitcoin's current price of approximately $64,500, that level implies roughly an 8

Ethereum is trading around $1,900 after gaining 8% across seven days, driven by institutional buying through U.S. spot Ethereum exchange-traded funds. The first three trading days this week attracted $96 million in ETF inflows, surpassing last week's $84 million total, with Wednesday alone

According to Bloomberg TV, Strategy CEO Phong Le stated that Bitcoin reaching the $8,000–$10,000 range represents the company's debt risk threshold, at which point the balance sheet would enter a capital-structure stress zone. At BTC's current price of approximately $64,500, this level implies

Eli Lilly announced on Thursday it will acquire AtaiBeckley Inc. for $6.75 per share in cash, with additional milestone payments of up to $2.50 per share tied to development and regulatory achievements for ATAI's two lead depression programs. The deal, expected to close in Q3 pending shareholder and

According to Eli Lilly, on July 16, the pharma giant announced it will acquire ATAI at $6.75 per share in cash, with additional milestone payments tied to two lead depression therapies bringing total potential value to $9.25 per share. Based on ATAI's Wednesday close of $5.36, the deal represents a

ARK Invest director of research Lorenzo Valente pushed back on Wednesday against venture capital firm a16z crypto's thesis that traditional finance will adopt permissioned blockchain infrastructure rather than decentralized finance. In an X post, Valente cited the outperformance of public blockchain

According to the Financial Services Commission on July 16, South Korea's financial regulator expects the market capitalization of single-stock leveraged exchange-traded funds (ETFs) to shrink from the current 12 trillion won to 4-5 trillion won, returning to levels at the time of initial listing. A

According to Federated Hermes fund manager Karen Manna in a report on July 16, the institution believes the Federal Reserve will likely hold steady while inflation remains one of the most unpredictable macroeconomic variables. The shift from the low-inflation environment after the 2008-09

According to ChainCatcher, Binance Futures will launch five USDT-settled perpetual contracts on July 17, starting at 11:00 UTC. MINIMAX USDT contracts open at 11:00, followed by ZHIPU USDT at 11:05, HK0700 USDT Quanto at 11:10, HK1810 USDT Quanto at 11:15, and TENCENT USDT at 13:00.