Commodities (Crude Oil & Copper) & Macro Outlook

From 01:00 to 02:00 (UTC) on August 4, 2026, BTC moved sideways with an upward bias, posting a Return % of +0.18%. The price ranged from 63,363.5 to 63,489.0 USDT, with an Ampl of 0.20%, trading in the upper-middle portion of the range. The main driver of this move was the spillover effect among safe-haven assets amid escalating geopolitical risks. The U.S.-Iran conflict continued to escalate, with Iran launching ballistic missiles at a U.S. military base in Kuwait and disrupting passage through

According to China's National Bureau of Statistics, hog prices (outer three-element breed) fell to 10.4 yuan/kg in late July 2026, down 5.5% from mid-July. The monitoring of 50 major production material commodities showed 20 products rose in price, 27 declined, and 3 remained unchanged during the

As of 9:30 AM Beijing time on August 4, WTI crude oil futures rose 1.00%, while U.S. natural gas futures fell 0.22%.

According to Odaily, on August 4, the U.S. dollar strengthened against the Japanese yen, with USD/JPY climbing 0.24% to 157.513, according to the latest data from Gate. In commodities, gold prices fell to $4,049.09 per ounce, declining 0.06% intraday, while WTI crude oil rose 1.44% to $81.52 per

Bitcoin (BTC) gives back a small portion of the overnight gains, currently around $63,460 as of Aug. 4. Tyler Williams, a senior official in the U.S. Treasury overseeing digital asset policy, has left his post. He played a core role in advancing the Trump administration’s agenda of “making the U.S. the crypto capital of the world.” Hashdex will shut down its Hashdex Bitcoin ETF, with the last trading day on Aug. 17. Macroeconomic Events & Crypto Market Hotspots 1、According to Cointelegraph, Tyle

According to Coinbase CEO Brian Armstrong, the exchange has launched 24/7 perpetual futures contracts for gold, silver, and crude oil on August 4. The three commodities are now available for direct trading as perpetual contracts on the

According to Gloric Club, polysilicon futures contracts rose over 4% intraday on August 4, trading at 36,400 yuan per ton.

According to Jin Lian Chuang, as of August 4 (the second working day of the current pricing period), reference crude oil prices averaged $84.73 per barrel with a decline rate of -5.23%, suggesting China's domestic gasoline and diesel retail prices should fall 240 yuan per ton. The next price

According to Jin10 Futures, on August 4, crude oil prices declined following easing U.S.-Iran tensions, pressuring China fuel oil costs as traders grew cautious on high-priced purchases. On the supply side, rising coking plant operating rates and declining residual oil supplies provided limited supp

According to Jin10 Futures, China's PX market weakened on August 4 as falling international oil prices reduced cost support. Supply remains tight in the near term, sustaining a structural advantage for the product despite current pricing

According to reports, Malaysia's crude palm oil futures on the Bursa Malaysia Derivatives (BMD) are expected to open lower on Tuesday morning (August 4), reflecting further declines in international crude oil prices. U.S. President Trump canceled a new round of strikes on Iran on Monday, pushing

South Korea's Finance Ministry stated it will work to stabilize prices for oil products and food items following the release of consumer price data. The commitment aims to address price pressures in key sectors affecting household

According to BlockBeats, on August 4, President Trump criticized ExxonMobil and Chevron for earning excessive profits during the Iran conflict-driven energy crisis, calling on the companies to return part of their gains to the public and reduce retail gasoline prices. The two companies generated co

South Korea's National Data Office announced on August 4th that the country's consumer price index (CPI) rose 2.8% year-over-year in July 2026, marking a return to the 2% range after two consecutive months in the 3% territory. The decline from June's 3.2% increase was driven by petroleum prices

According to Guru Club, WTI crude oil fell 5.4% to close at $80.11 per barrel on August 4, after dropping over 7% intraday. The oil price decline transmitted to the fixed income market, with U.S. Treasury yields declining across the curve on Monday. The 10-year Treasury yield fell 5 basis points to

According to TrendForce's DRAMeXchange data, PC-grade DDR4 8Gb DRAM hit $24 in July, up 14.3% from June and marking the highest price since the organization began tracking in June 2016. Meanwhile, 128Gb MLC NAND flash memory reached $30.05, breaking through the $30 level for the first time on

According to Korean Economic TV, over the weekend President Trump canceled plans for a large-scale military strike against Iran and called for diplomatic negotiations instead. The shift toward deescalation sparked a rally in risk assets, with

On August 3, the U.S. and Japan jointly intervened in the yen market to stabilize the currency, with the dollar index holding steady at 99.90. The yen strengthened 0.3% to 157.18 per dollar, rebounding from a 40-year low of 162 hit in late July. U.S. Treasury Secretary Scott Bessent confirmed

The bitcoin futures carry trade, once a lucrative strategy yielding over 20% during the 2021 bull market, has collapsed to approximately 3% returns since February 2026, now underperforming short-term U.S. Treasuries which average 3.8% on two-year notes. This yield compression stems from shrinking pr