);)
US President Trump said on Friday that he wants to maintain the US-Russia strategic nuclear weapon deployment limit of the 2010 New START Treaty. The treaty expires next February. As President Trump was leaving the White House for Scotland, he told reporters, "I would not want such an agreement to expire" and "Lifting nuclear limitations would become a big problem".
2. China Hong Kong Stablecoin Issuance 'Countdown' Related Stocks Strengthen
With the Hong Kong Special Administrative Region's 'Stablecoin Ordinance' set to officially take effect on August 1st, stablecoin issuance is entering a 'countdown' stage, and China Hong Kong stock market's stablecoin-related stocks have recently shown strength. According to securities firm analysis, as the stablecoin regulatory framework becomes clearer, compliance will become the core driving force for stablecoin industry development, and stablecoin development is expected to inject new momentum into RMB internationalization, with related sector enthusiasm expected to continue.
3. Hedge Funds Gold Purchase Betting at Highest Level Since April
As the US and EU conduct trade negotiations, hedge funds' gold purchase betting has risen to its highest level since April this year. As of the week of the 22nd, hedge funds and other large speculators' net long positions increased by 19% to reach 170,868 contracts. According to data released by the US government on Friday, this is the highest level in 16 weeks. While trade tension easing could weaken safe asset demand, gold is being supported by strong central bank purchases.
Choi Joo-hoon joohoon@blockstreet.co.kr
