Global TradFi & Macroeconomics

From Q4 2025 through Q2 2026, the combined hashrate of publicly listed Bitcoin mining companies fell 13.4%, exceeding the 10.6% decline in the global Bitcoin hashrate over the same period. The fundamentals of Core Scientific and TeraWulf have undergone a structural shift: Core Scientific’s Q2 AI hosting revenue reached $136.7 million, nearly five times its mining revenue. Six-Month Hashrate Decline of Listed Mining Companies Compared with the Global Hashrate According to the latest Miner Weekly

Citibank forecasts that the Bank of Korea will raise its growth and core Consumer Price Index projections in its August economic outlook, according to a report released on August 14 by Citibank economist Kim Jin-wook. The bank expects a back-to-back interest rate hike in August while maintaining its

According to Citibank economist Kim Jin-wook's August 14 report, South Korea's central bank is expected to raise the policy rate by 25 basis points in August, November, and February, bringing the final target to 3.50%. The report forecasts the central bank will significantly raise 2026 and 2027

The US Treasury's 30-year bond auction on August 13 (local time) resulted in a yield of 5.216%, the highest level since 2001 and the fourth consecutive month exceeding 5.0%. The auction exhibited a tail phenomenon, with the issued yield 0.4 basis points above pre-auction trading levels, indicating i

According to Vice President Vance's interview with Fox News on Thursday, the U.S. has shifted its primary war objective in Iran from preventing nuclear weapons development to lowering fuel costs for American consumers. Vance stated that ensuring affordable gasoline for Americans is now the "top

Singapore sovereign wealth fund Temasek disclosed on August 12 that it had taken positions in Samsung Electronics and SK hynix, stating that memory semiconductors are the most undervalued segment of the entire AI supply chain. The news drove both stocks up 6% intraday, while the Korea Composite Stock Price Index (KOSPI) rose about 3%. According to South Korean media outlet Asia Business Daily, Temasek is evaluating the best time to enter the market in consultation with the South Korean governmen

According to the U.S. Treasury Department, yesterday (August 13), the 30-year U.S. Treasury auction showed a 'tail' phenomenon, with the issued yield of 5.216% exceeding pre-auction trading levels by 0.4 basis points. This was the highest yield since 2001 and marked the fourth consecutive month

Applied Materials stocks extended their post-earnings decline, falling 5% in after-hours trading Thursday despite the chip-equipment maker forecasting a 'very significant' dynamic random-access memory (DRAM) revenue surge and announcing plans to double manufacturing capacity by 2028. The slide

Tokenization firm Securitize (U.S. stock ticker: SECZ) shares plunged as much as 20% in after-hours trading on August 13 after the company released its first quarterly earnings report since going public. Its Q2 2026 results fell far short of market expectations: revenue was $14.4 million, while the loss per share was $2.37. However, operating metrics on the Securitize platform posted explosive growth during the same period, diverging from its financial performance. Securitize Q2 2026 Financial D

Indonesia's President believes the country's GDP growth could reach 6% by the end of 2026, according to his statement on August 14.

TSMC (2330) Advanced Packaging Vice President He Jun publicly stated on August 11 that CoWoS at 5.5x reticle size has officially entered mass production, with the yields of multiple AI customers’ products remaining above 98% over the long term and some exceeding 99%. TSMC aims to advance CoWoS to 14x reticle size by 2029. He Jun also pointed out that ABF substrates will become the next bottleneck in the AI packaging supply chain after memory. CoWoS Mass Production Data: 5.5x Reticle Yield Exceed

On Thursday, August 13, Sandisk unveiled its FY2028–FY2030 long-term financial guidance at its 2026 investor day, projecting mid-to-high double-digit revenue growth, non-GAAP gross margin of approximately 80%, operating margin of roughly 75%, and adjusted free cash flow margin of about 50%. The

According to Shanghai Observer, international spot gold prices surged from around $4,000 per ounce in early August to $4,440 per ounce in recent days. This surge triggered a spike in buyback requests at Shenzhen's Shuibei gold market, where recovery clients comprised over 60% of foot traffic on Augu

According to South Korea's Ministry of Economy and Finance, on August 14, the government is revising its tax reform proposal related to stock price manipulation prevention, extending the evaluation period to a maximum of 20 half-years (10 years) or the full 13-term period. The modification comes

Billionaire Bill Ackman and Ryan Israel, Chief Investment Officer of Pershing Square Capital Management, announced in the Q2 letter to shareholders on August 13 that PSI had begun preparing the Pershing Square Ventures Ltd. fund. The fund is an evergreen permanent-capital vehicle that allows investors to hold shares in portfolio companies before their IPOs. Pershing Square Ventures Ltd. Fund Structure According to Pershing Square Capital Management's Q2 letter to shareholders, Pershing Square Ve

According to European Energy Exchange (EEX) data released on August 14, Japan's electricity futures trading volume surged in July, with short-term contracts on the country's largest trading platform posting over 10,000 lots—nearly double compared to the same period last year. The exchange marked

MTR Corporation (stock code 00066) reported net profit attributable to shareholders of HK$15.872 billion for the half-year ended June, up 106% year-on-year. The stock rose as much as 4.4% intraday to HK$33.73, bucking broader market trends. The profit surge was driven by property development profit

Hong Kong's MTR Corporation reported mid-period net profit attributable to shareholders of HK$15.872 billion as of end-June, more than doubling year-over-year. The stock surged 4.4% to HK$33.73. Earnings per share reached HK$2.55, with interim dividend maintained at HK$0.42. Property development pr

According to Jin10, Sandisk's positive outlook lifted Asian memory chip stocks today (August 14), with Kioxia Holdings climbing 8.7% and SK Hynix gaining 6.5%. The Bloomberg Asia Semiconductor Index rose 1.6%, on track for its fifth consecutive trading day

Google (NASDAQ: GOOG) released Gemini 3.7 Flash on August 13, the second low-cost coding model it has launched in the three weeks since 3.6 Flash. The company said the new model was developed based on internal optimization work and developer feedback. Notably, Google’s flagship model, Gemini 3.5 Pro, which it promised developers in May, has still not been released. Gemini 3.7 Flash Pricing: $0.75 per Million Input Tokens Google’s Gemini 3.7 Flash pricing plan, effective from August 13, 2026, thr