emilyvuong

🇰🇷The KRW currency falls to its lowest level in 17 years despite record export growth.
Why is the KRW falling but the US not including South Korea in the list of "currency manipulators"? First, the US will evaluate based on the criteria:
- Large trade surplus with the US: from $15B and above.
- Current account surplus: 3% of GDP or more.
- One-sided intervention in FX: net foreign currency purchases of at least 2% of GDP over 12 months.
-> The first two criteria have been met. In the FX report for January 2026, the US still keeps South Korea on the watch list along with China, Jap

🟠 More than 50% of the BTC supply is currently in a loss state. This zone often marks the bottom of major $BTC downtrends.
However, it’s important to remember that market bottoms are always formed over several months and never increase in a V-shaped rebound immediately.
There is still plenty of time to allocate capital for the next bull run.

🔴Warsh brings conservative figures into the Fed
📌 Kevin Warsh, after serving as Fed Chair, selected Paul Winfree and Daniel Heil as interim advisors during the transition period at the Fed. These two will support Warsh with policy analysis, strategic planning, and special projects (not necessarily permanent staff at the Fed).
📌 Winfree was a domestic policy expert at the White House during Trump's first term, and is also the author of the chapter on the Fed in Project 2025 — a conservative policy proposal prepared ahead of the 2024 election.
-> Extremely conservative stance, supportin

📍Trump signs an executive order to promote AI, making cybersecurity a new layer of America's defense
📌Trump has just signed an executive order requiring federal agencies to establish cybersecurity standards for advanced AI systems.
📌The focus is not only on controlling infrastructure risks as AI begins to be deployed in defense, finance, energy, and government data.
📌According to the order, the Department of the Treasury will establish an AI cybersecurity coordination center. This center will coordinate directly with AI companies and critical infrastructure operators.

📍The S&P 500 officially wiped out all retreat levels from the beginning of the year and set an ATH (again).
The market capitalization of the S&P 500 reached $69 trillion.

📍Iran announces suspension of negotiations, Trump denies
📌 Tasnim: Iran announces the cessation of all exchanges with the U.S., citing Israel's escalation in Lebanon and U.S. violations of the ceasefire. Negotiation leader Ghalibaf said Washington is not complying with the agreement, leaving Tehran with no basis to continue talks.
📌 Trump says he has not received an official notification from Iran, while reaffirming that the U.S. still maintains the Hormuz blockade.
📌 Axios: Lebanese Parliament Speaker Nabih Berri informs the Trump administration that Hezbollah is ready to cease fire

📍Countries are taking advantage of high oil prices to release reserves
📌From March to June, the amount of oil released from the global strategic reserves reached about 265 million barrels. If including July, the figure approaches 285 million barrels.
The release rate is expected to slow down from July. June still had about 76M -> 22M in July, a decrease of over 70%. Countries are simply exploiting high oil prices to make profits and restructure their reserves.
📌Neither side believes oil prices will stay high for long. If the world believed that oil prices would sustain a steady upward

Bitcoin ends May down 4%

$ETH -11% in May

🇺🇸 Trump demands an audit of Fort Knox gold reserve
President Trump says he wants to inspect the Fort Knox gold reserve to confirm whether “America’s gold reserves are still there.”
Fort Knox has never undergone an independent physical audit in the past 70 years.
Fort Knox is currently announced by the U.S. Mint to hold approximately 147.3 million troy ounces of gold, equivalent to more than $660B according to market prices. However, on the U.S. government’s books, this gold is still recorded at the historical price of $42.22/oz.

📍U.S. GDP Q1/2026 revised down to +1.6%
📌 The real U.S. GDP for Q1/2026 was revised down by the BEA to +1.6% annualized, lower than the originally reported figure of +2.0%, but still clearly higher than Q4/2025’s +0.5%.
📌 GDP contribution structure:
- Personal consumption: +0.95 percentage points, down from +1.08 percentage points
- Fixed investment: +1.11 percentage points, the main driver
- Net exports: -1.25 percentage points
- Government spending: +0.73 percentage points, unchanged from the previous month
The most important part of the revised data is that total private in

Rumors are spreading that Strategy has started selling $BTC
. Strategy recently transferred 411.48 BTC, worth approximately $30.3M, to Coinbase Prime, sparking market speculation that the company might be preparing to sell some Bitcoin.
There has been no official announcement from Strategy; this $BTC figure could be custody, OTC, collateral assets, or a restructuring of wallets.
If true, it’s not too concerning because 411 $BTC is a very small amount compared to Strategy’s massive Bitcoin holdings.
The issue is not "Saylor selling a few hundred BTC" but "Saylor breaking his vow never t

🟠 CFTC “carve-out” case against Gemini, wants to cancel the fine $5M
📌 CFTC and Gemini request the court to cancel the settlement agreement in the 2022 lawsuit. Previously, Gemini was accused of providing false information related to Bitcoin futures contracts and agreed to pay a fine $5M in January 2025.
📌 After review, the CFTC believes this lawsuit may not have been appropriate to file under current enforcement standards. If the court approves, Gemini will be released from remaining obligations in the settlement agreement.
📌With Trump’s support, the CFTC is being positioned at the cente

📍Foreign investors continue to sell off US bonds
📌The amount of US Treasury bonds held by foreign entities under Fed Custody has fallen to $2.68T, the lowest level since 2012. This refers to the US Treasuries that the Fed holds in custody on behalf of foreign governments, central banks, and international institutions.
📌This trend began in March 2021, when foreign-held Treasuries at the Fed reached about $3.14T.
📌From March 2025 to date alone, holdings have declined by roughly $265B. The trend remains in place and is even stronger. The sell-off intensifies as the Iran conflict escalat

The U.S. Department of the Treasury is designing a $250 bill featuring President Trump.
If this becomes reality, President Trump will be the "living" person to appear on U.S. currency for the first time since 1866.

📍The hot momentum of South Korea’s tech stocks has spread across Asia
The 2x Leveraged ETF for SK Hynix listed in Hong Kong has drawn +$1.3B in inflows since the start of the year. As a result, the fund’s total assets under management have risen to roughly $8B, a record high. It’s also the world’s largest leveraged ETF tracking a single stock by AUM. In just 3 months, the fund’s size has grown more than 3 times.
Not only SK Hynix—Samsung’s 2x leveraged ETF has also pulled in about $1.3B since early 2026, even topping the 2x ETFs that track Tesla and Microsoft.
Simply put, a 2x ETF allow

🟠 China is shifting its thinking from rescuing real estate to revitalizing domestic demand
📌 Beijing is making three notable moves at the same time: easing household registration for migrant workers, lowering funding costs through the MLF, and preparing a 6-network investment package worth over 7 trillion RMB.
📌 Stimulating consumption through household registration policies.
China is expanding access to public services for migrant workers in the cities where they work, including social insurance, healthcare, education, public housing, and other basic services.
-> Stimulating demand