Citing Jinshi Data, ChainCatcher reports that geopolitical conflicts and a strong El Niño disrupting global rainfall are pushing up core agricultural costs — crude oil and fertilizer in particular — setting the stage for a “perfect storm.” The report also mentions “a new round of global food” without elaborating.

MarsBit’s Weekly Editor’s Picks for July 18 to July 24 pulled together a wide range of stories spanning macro markets, crypto investing, AI, prediction markets, policy, stablecoins, emerging ecosystems and security. The roundup pointed to fresh stress in the U.S. Treasury market, where rising yields and a long stretch of elevated 30-year rates have pushed investors to rethink the Federal Reserve path. It also revisited South Korea’s single-stock leveraged ETF unwind in eight stages, arguing that the selloff was driven by a feedback loop involving foreign capital rebalancing, retail dip-buying, daily ETF rebalancing, forced liquidations, shifting industry expectations, tighter regulation and tighter monetary policy rather than a collapse in fundamentals. On the crypto side, MarsBit highlighted arguments that the next bull market could center on the merger of on-chain finance and traditional finance, with stablecoins, tokenized assets, 24/7 trading, instant settlement and institutional DeFi at the center. Hyperliquid and Robinhood were named as two representative players pushing that convergence from different directions. The roundup also covered Hyperliquid’s HIP-4 proposal, updates around the U.S. CLARITY Act, a report that SpaceX will release $116 billion in stock into circulation on August 6 through a phased structure, and a MetaMask contractor incident in which a person later identified by Consensys as a North Korean hacker had accessed core wallet code. MarsBit said the incident caused no user asset or data losses.