Global TradFi & Macroeconomics

According to the U.S. Commerce Department, the nation's second-quarter real GDP grew at an annualized rate of 1.5% on a seasonally adjusted basis on August 26, matching market expectations and the preliminary estimate. The growth was slower than the first quarter's 2.1%. The revisions reflected

According to a joint statement, Coinbase and Better Mortgage made their token-backed conforming mortgage generally available to Coinbase One members on Aug. 12, allowing eligible borrowers to pledge crypto as collateral. Approved borrowers receive a lender credit equal to 1% of the mortgage value, c

According to The Block, Better Mortgage and Coinbase have fully opened their crypto-collateralized mortgage product to Coinbase One users on August 26. The offering allows borrowers to use BTC and USDC as down payment collateral without selling their holdings. Eligible Coinbase One users receive a 1

According to Bloomberg, citing knowledgeable sources, JPMorgan Chase recently evaluated launching its own stablecoin. The evaluation reflects the bank's ongoing interest in blockchain and digital asset

According to Jin10, data released on August 26 showed the U.S. July PCE price index, the Federal Reserve's preferred inflation gauge, remained at 3.7% year-over-year, higher than economist expectations of 3.6%. The print marks the 65th consecutive month above the Fed's 2% target. Separately, the

According to Bloomberg, French-German tank manufacturer KNDS NV plans to restart investor meetings regarding a potential initial public offering as early as late September. The company will hold meetings next week to brief investors on the latest developments, after a defense sector downturn

According to Morningstar, Ed Yardeni, president of Yardeni Research and longtime Wall Street bull, has raised his S&P 500 year-end target three times this year, from 7,700 to 8,250 and then to 8,400. Yardeni argues the current market rally is driven by "excellent earnings momentum" (FEMO) rather

According to Morgan Stanley's Chief Economic Strategist Ellen Zentner, August's core personal consumption expenditures (PCE) price index rose 0.2% month-over-month and 3.3% year-over-year, both in line with expectations. Zentner noted that while the data showed a modest upside surprise in

According to the U.S. Energy Information Administration (EIA), American refinery utilization rates rose to their highest level since September 2018 in the latest week.

According to Wall Street Journal reporter Nick Timiraos, Fed Chair Kevin Warsh will deliver remarks at Jackson Hole Global Central Bank symposium on Friday, August 28, with markets focused on whether he will signal support for a rate hike. The key question centers on the source of U.S. inflation: te

According to Jin10, intraday on August 26, WTI crude oil surged 1.00% to $81.50 per barrel, while Brent crude oil climbed 1.00% to $86.72 per barrel.

According to Bloomberg, Blackrock processed more than $5 billion in direct bitcoin-to-ETF conversions in July, following a significant reduction of the minimum transaction size from $25 million to $1 million for its iShares Bitcoin Trust (IBIT). "It's going to keep growing because we keep

According to Bitget data, most U.S. crypto-linked stocks rose over the past 24 hours on August 26. ASST (Strive) led gainers with a 8.10% increase, followed by GEMI (Gemini) up 7.91% and CRCL (Circle) up 7.68%. Other notable gainers included GLXY (Galaxy Digital) at 6.30%, RIOT (Riot Platforms) at 5

Warner Bros. Discovery faces operational uncertainty following the delayed merger with Paramount Skydance, as settlement talks between California Attorney General Rob Bonta and Paramount fell apart earlier this week. The $110 billion acquisition, which values WBD at $31 per share, has been

According to CNBC, Paramount Skydance's $110 billion merger with Warner Bros. Discovery stalled this week after preliminary settlement talks between California Attorney General Rob Bonta and the company fell apart amid antitrust concerns. The deal, initially valued at $31 per share, has faced

According to Bitcoin News, Strive Asset Management purchased 1110 Bitcoin for approximately $81.5 million between August 17-21, bringing total holdings to 21356 BTC valued at approximately $1.7 billion at current prices. The purchase makes Strive the 7th largest Bitcoin holder among publicly

According to EIA data, U.S. gasoline production in the week ended August 21 reached 9.92 million barrels per day, up from 9.54 million barrels per day in the prior week.

According to the U.S. Energy Information Administration (EIA), distillate fuel oil production rose to 5.6293 million barrels per day for the week ended August 21, up from 5.5536 million barrels per day in the prior week.

According to the U.S. Energy Information Administration, American crude oil production rose to 19.987 million barrels per day for the week ending August 21, up from 19.794 million barrels per day in the prior week.

According to Bloomberg reporter Emily Nicolle, Bitcoin surged 23% this week, marking its largest weekly gain in over three years and ending a prolonged period of sideways trading since summer. U.S. Treasury Secretary Bessent's proposal to expand long-term Treasury repurchase programs prompted