Global TradFi & Macroeconomics

According to Grayscale Research Chief Zach Pandl on July 15, 2026, if Bitcoin forms a solid bottom but trades sideways before recovery, a covered call strategy can generate income from Bitcoin volatility while managing spot price exposure. Assuming a spot price of $65,000 and 40% implied volatility

According to BlockBeats, on July 20, the Southbound Double Long Haixi (07709.HK) and Southbound Double Long Samsung Electronics (07747.HK) both opened 15% higher.

POSCO became the first Korean company to redeem foreign currency bonds early through a debt tender offer. The steelmaker recently redeemed approximately $360 million of $1 billion bonds issued in 2023, with the bonds originally set to mature in January 2028. POSCO undertook this measure to reduce fi

According to Yonhap Infomax, Posco recently early-redeemed $360 million of foreign currency bonds issued in 2023 through a debt tender offer on July 20, ahead of their January 2028 maturity. The bonds carry a 5.75% interest rate, issued when U.S. rates were rising. The early redemption is

China's central bank conducted 398.5 billion yuan in 7-day reverse repurchase operations today (July 20), with 224 billion yuan expiring. The operations resulted in a net injection of 174.5 billion yuan into the money

According to Iran's Islamic Revolutionary Guard Corps (IRGC), two tankers were destroyed after attempting to transit the southern route of the Strait of Hormuz. The IRGC warned that the strait will remain unsafe for transporting petrochemical products or any oil and gas shipments as long as the

According to China's interbank foreign exchange market, on July 20, the Chinese yuan weakened against major currencies. USD/CNY rose to 6.7948, up 14 points. EUR/CNY fell to 7.7570, down 61 points; GBP/CNY dropped to 9.1262, down 152 points; AUD/CNY declined to 4.7365, down 98 points; CAD/CNY

Semiconductor materials, parts, and equipment ETFs dominated weekly returns as investor funds rotated away from major chip stocks during a correction phase. Samsung Electronics and SK Hynix entered short-term pullbacks after rapid gains, prompting buying interest to shift toward equipment and materi

Korean retail investors net purchased over 34 trillion won in Samsung Electronics and SK Hynix stocks from June 16 to July 16, according to Korea Exchange data released July 20. The buying spree occurred as foreign investors sold 37.45 trillion won in the same two stocks during the period. Retail in

According to Economist, LG Electronics stock plummeted from 392,500 won on June 2 to 190,000 won range recently, despite recording record-high second-quarter operating profit of 1.58 trillion won. Market expectations for AI infrastructure cooperation with Nvidia had driven the stock rise in early Ju

According to Seoul Economic Daily, semiconductor supply chain ETFs posted strong gains this week as investors rotated capital from large-cap chip stocks like Samsung Electronics and SK Hynix to equipment and materials companies. South Korea's central bank is set to release second-quarter GDP data on

According to the Financial Investment Association, over 1.16 million South Korean investors completed mandatory education for leveraged exchange-traded funds (ETFs) in the first half of 2026, marking a nearly 19-fold increase compared to the same period last year. The surge in educational sign-ups

From 00:45 to 01:00 (UTC) on July 20, 2026, BTC fell by 0.41% over 15 minutes. Its price range was 64,411.7–64,822.2 USDT, with an Ampl of 0.63%. Over the past 24 hours, BTC’s price change was only -0.02%. The current offer is about $64,824.5. The intraday trading range is limited to $64,278–$64,970 (Ampl of about 1.1%). Overall, the market shows extremely low volatility characteristics: trading is thin and the filled amount is at a relatively low level. The main driver behind this abnormal move

DCK Investment, an investment vehicle affiliated with Macquarie Asset Management, announced on July 20 a tender offer for KOSDAQ-listed Gabia at 48,000 won per share. The offer targets 9,805,505 shares (73.1% of issued stocks) excluding treasury stocks and controlling shareholder stakes, with a

A survey of 13 domestic macroeconomic experts by Yonhap Infomax forecasts South Korea's Q2 GDP growth at 0.37% quarter-on-quarter, following Q1's 1.8% expansion. The projection is driven by strong exports led by the semiconductor sector and supported by the government's expansionary fiscal stance. T

Kevin Warsh, the new Federal Reserve Chair, testified to Congress last week and confirmed plans to reduce the Fed's forward guidance and communication transparency, marking a sharp departure from predecessor Jerome Powell's approach. Warsh stated that providing forecasts for upcoming meetings

Kevin Wash, the new Federal Reserve Chair, announced a significant shift in the Fed's communication strategy during Congressional testimony last week, stating the central bank will adopt a more cautious approach by reducing forward guidance and eliminating the dot plot. This marks a departure from t

According to Guru Club, shipping index Europe route main contract rose 5% intraday on July 20, currently trading at 2775.0 points.

According to Piper Sandler, the investment firm cut its price target for Coinbase to $155 from $170 on July 16, while maintaining a neutral rating on the cryptocurrency exchange.

South Korea's KOSPI Stocks index fell over 4% in early trading but reduced losses as foreign investors net bought 256.2 billion won. The benchmark declined due to weakness in US markets and Middle East geopolitical tensions. Foreign and institutional buying reversed the selloff, with the index