Global Macro Brief: KOSPI Resilience vs. Geopolitical and DeFi Tail Risks – Neutral Flows Presage Tactical Rotation

KOSPI recovery and persistent risk appetite offset negative headlines from an Iranian bounty escalation and a $75M DeFi exploit; neutral stablecoin flows imply consolidation and rotation before the next directional impulse.

Macro Crosscurrents: Risk-Off Sentiment Persists as Global Equities Surge and Stablecoin Infrastructure Expands

Bitcoin consolidates near $64K amid extreme fear, while A-shares and gold rally on macro uncertainty. Stablecoin adoption accelerates via Western Union's Stablecard and BlackRock's tokenized MMFs, yet crypto leverage risks surface on Hyperliquid.