The ongoing US Senate vote on crypto regulation (CLARITY Act) is a direct and significant macro factor for Solowin Holdings, as the company operates in Web3, digital assets, and stablecoins. Regulatory clarity or changes could profoundly impact its operational models, compliance costs, and market opportunities.

IMF's projected downgrade of global growth forecasts due to the Middle East conflict could lead to a decrease in overall investment activity, potentially dampening interest and capital flow into emerging and volatile sectors like Web3 and digital assets, where Solowin Holdings operates.

The Middle East conflict driving oil prices higher and threatening global growth indirectly affects global financial markets and investor sentiment towards growth assets. Higher oil prices could lead to inflation, impacting central bank policies and the availability of capital for speculative assets like digital assets, which Solowin Holdings heavily focuses on.