Global TradFi & Macroeconomics

According to Gate data, Hong Kong stocks opened higher on August 25 as the Hang Seng Index rose 0.46% and the Hang Seng Tech Index gained 0.18%. XPeng Group declined 8.18% post-earnings, while Li Auto rose 2.57%.

According to Business Insider, on August 24, Finnish economist Tuomas Malinen warned that excessive leverage in the U.S. financial system could trigger a recession by late 2026 or early 2027, potentially sparking a new phase of financial crisis. In a recent report, Malinen cited extreme leverage

According to Jin10 Futures, as of 09:20 on Aug 25, several commodity options recorded significant gains. Fuel oil 2610 call option (strike 4900) surged 255.56% to 64.0 yuan/ton, while fuel oil 2610 call option (strike 4650) jumped 200.0% to 105.0 yuan/ton. PVC 2610 put option (strike 4400)

According to the People's Bank of China (PBOC), today the central bank conducted a 386 billion yuan 7-day reverse repurchase agreement operation, with successful bidding of 386 billion yuan at an operating rate of 1.40%, unchanged from the previous

According to official announcement reported by PANews on August 25, Entropy.io, the HIP-3 deployer on Hyperliquid, completed a $14 million funding round led by Ribbit Capital and secured $40 million in HYPE token collateral support. Entropy enables perpetual futures trading on global stocks,

The Reserve Bank of Australia (RBA) will release its August monetary policy meeting minutes in approximately 10 minutes. The minutes are expected to provide details on the board's decision-making process and economic

According to E-Daily, Hanmi Pharmaceuticals fell 10.46% on August 25, a day after surging to its daily limit on news of a major technology export deal. Parent company Hanmi Science dropped 19% in tandem, as profit-taking selling pressure emerged across the

China's yuan midrate against the US dollar fell to 6.7852 on August 25, down 11 points from the previous trading day's midrate of 6.7841.

On August 21, Kakao announced a spin-off into two separate entities: Kakao AI, focused on artificial intelligence, and Kakao X, an investment arm. The stock price declined sharply following the announcement amid market concerns about execution risks. However, Shinkyung Securities maintained

China's interbank foreign exchange market set the yuan midpoint rates on August 25 as follows: USD/CNY at 6.7852, up 11 basis points; EUR/CNY at 7.8791, down 72 points; HKD/CNY at 0.86587, up 4.5 points; GBP/CNY at 9.2106, down 38 points; AUD/CNY at 4.8302, down 93 points; CAD/CNY at 4.8757, down 16

According to Jin10, U.S. Treasury Secretary Bessent announced an "economic offensive" on August 25 to sever Iran's global economic ties. Separately, Trump stated that tariffs on multiple Canadian goods will rise to 50% starting next year, alleging Canada is taking advantage of the U.S. Fidelity

According to Yonhapinfomax, the dollar-won exchange rate hit 1,383.20 won on August 25, driven by foreign investors dumping a record 3.6 trillion won ($2.6 billion) in Korean stocks. U.S. Treasury Secretary Scott

According to Yonhap Infomax, Hanwha Aerospace established Hanwha Horizon USA subsidiary today (August 25) to enter the global LNG business. The subsidiary will serve as the control tower for Hanwha's LNG operations, handling procurement, trading, and logistics optimization. Hanwha Horizon USA will supply fuel to Hanwha Energy's Yeosu LNG power plant, which is scheduled to begin commercial operations in 2029, and plans to expand LNG supply to domestic and overseas power generation and energy comp

KB Asset Management's 'RISE Samsung Electronics SK Hynix Bond Mixed 50 ETF' surpassed 4 trillion won in net assets as of the 25th, becoming the largest bond-mixed ETF in South Korea. The milestone follows heightened investor interest in semiconductor stocks after Samsung Electronics and SK Hynix

According to ING Bank on August 24, the U.S. Treasury's Treasury buyback program is proving effective, with the key focus being future expansion of purchase volumes rather than funding mechanisms. The bank highlighted a 4 basis point compression in 30-year swap spreads upon the buyback

According to Cointelegraph, on August 25, Bernstein maintained its "outperform" rating on Circle (CRCL) with a $140 target price, implying approximately 60% upside from current levels. The analyst said USDC will enter a significant new growth cycle over the next 12 months. Bernstein noted USDC

According to Herald Economics, KB Asset Management launched the RISE Samsung Electronics-SK Hynix Bond-Mixed 50 ETF on August 25, with net assets reaching approximately 4.08 trillion Korean won, making it the largest bond-mixed ETF in South Korea. The fund allocates 25% each to Samsung Electronics a

According to ChainCatcher, China's largest DRAM manufacturer CXMT's monthly wafer production peaked at approximately 240,000 units by end of 2025 and is expected to remain flat through 2026. US export controls on advanced semiconductor equipment, especially EUV lithography machines, have

According to CNBC, Micron CEO Sanjay Mehrotra stated in recent remarks that memory has shifted from a basic computer component to strategic infrastructure for the AI era. He emphasized that AI advancement requires larger capacity, higher speed, and lower power

Bitcoin rebounded further to $79,598 on August 25, gaining approximately 27% over the past month. Multiple analysts view $83,000 as the next key resistance level. From August 17–23, Strategy sold 18.26 million MSTR shares through its at-the-market (ATM) program, raising approximately $2 billion, but did not purchase any new Bitcoin this week. Multiple Analysts Set $83,000 Bitcoin Target Four major analysts share a common focus on $83,000 in their outlooks, though each emphasizes different factor