The traditional financial trading volume of the six major CEXs remained low throughout 2025, but has surged sharply this year, with Binance, MEXC, and Bitget leading the way.

The Iran conflict has triggered market turbulence, with crude oil, stock markets, and Bitcoin moving in tandem. The decline in oil prices reflects a rise in risk aversion, while inflation expectations and liquidity changes influence asset pricing. This article analyzes how geopolitical risks affect financial market trends through a transmission chain.

This week, Microsoft, Meta, Apple, and Amazon will report their earnings. The market's focus is on whether AI spending can drive revenue and profit growth, and to examine the effectiveness of capital expenditures. Simultaneously, the Fed's interest rate decision will impact tech stock valuations, making earnings and policy direction the center of market attention.

Multiple long-dormant Bitcoin whale wallets, inactive for years, conducted concentrated transfers in July, drawing market attention. Some addresses have realized significant profits, fueling market concerns over potential selling pressure. However, these moves could also represent portfolio rebalancing or security upgrades. Whether on-chain anomalies will impact the market's future direction remains to be seen.

BitMart has announced it will cease trading on August 26, 2026, and shut down the platform on January 31, 2027, advising users to withdraw tokens and transfer assets promptly. MEXC, Gate, KuCoin, and Bitget are the primary alternative exchanges.

BitMEX has announced it will shut down on September 23, 2026, ending 11 years of operations. The platform has stopped accepting new user registrations, and from August 26, it will prohibit opening new positions and gradually force-close outstanding positions. Users can still withdraw funds, but it is advised to do so as early as possible to avoid potential fees or delays.

Tesla's second-quarter revenue reached $28.24 billion, up 26% year-over-year, beating expectations, but earnings per share fell short. Continued investments in AI, Robotaxi, and Optimus drove capital expenditures higher and weighed on profit margins, with free cash flow turning negative.

The escalation of the U.S.-Iran conflict has disrupted oil shipping and driven up oil prices, shifting market focus to whether the energy shock will reignite inflation and prolong the high-interest-rate environment. If supply disruptions persist, they will compress corporate profits and weaken consumer demand, potentially forcing a revaluation of risk assets.

Bitcoin broke through $66,000, rising approximately 3.3% in 24 hours. The market is watching for a continuation of the recovery trend. Investors are focusing on selling pressure release, rate cut expectations, and ETF capital inflows. Although the short-term structure has improved, a new bull market has yet to be confirmed.

NIGHT experienced a 24-hour drop of approximately 33% with a surge in trading volume, driven by anomalies in the Wanchain cross-chain bridge and massive sell-offs. The incident involved the transfer of locked assets, raising concerns about liquidity and collateral security; Midnight stated that its mainnet was unaffected.

The U.S. June Leading Economic Index, released before the Fed's rate decision, will test whether the economic improvement is genuine. Although the May index rose for a consecutive month, the momentum mainly came from stock prices and interest rate spreads, while non-financial indicators remain weak. The risks of recession versus soft landing are still to be observed.

Following the end of the EU's MiCA transition period, crypto exchanges are undergoing an accelerated shakeout. The majority of over 1,200 legacy licensed entities have failed to complete the conversion, and ESMA has refused to grant an extension. Providing services without authorization will be illegal, leading to platform exits, license migrations, and a concurrent contraction in trading scope.

On its first trading day on the US Nasdaq, SK Hynix's American Depositary Receipt (ADR) recorded a premium of over 50% compared to its common stock on the Seoul bourse, a figure that quickly narrowed to approximately 26% the following day. This phenomenon, driven by high demand colliding with limited float supply, reflects intense interest from U.S. investors while also highlighting constraints on cross-market arbitrage and short-term pricing deviations.

In the first week of MiCA implementation, the European market experienced license redistribution and liquidity restructuring. Service providers must obtain authorization or cease serving EU clients. Licensed institutions gain market access, while unlicensed platforms restrict new users, adjust products, or migrate accounts, with stablecoins shifting toward compliant assets.

Solana's single-day DEX trading volume reached $4.15 billion, continuing to lead major public chains with its market share rising to 31%. This growth is driven by aggregators, automated market makers, and diverse trading entry points. However, single-day data only reflects short-term activity and is insufficient to prove sustained long-term capital inflows or an inevitable rise in SOL's price.