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Monthly Archives: July 2026

Home2026Monthly Archives: July 2026

STEELLDYThrough Steelldy consulting company, I assist companies, fintechs, and institutions in two key areas: ◙ Economic and financial statistical modeling via our DaaS & SaaS software (macroeconomic index platform). Analysis of the transition to a multipolar world: stablecoins, gold, copper, precious metals, industrial metals, oil, dollars, euros, yuan, yen, rubles, CBDC, BISIH, mBridge, Unified Ledger, BRICS, and global regulations. ◙ Web3 Law & Taxation Legal and Tax structuring of blockchain-based projects, RWA, tokenization, cryptocurrency (stablecoins, CBDC), decentralized autonomous organizations (DAO), MiCA compliance, ISO 20022, AI, MANBRIC/biotech technologies, robotics, smart cities, and ESG taxonomy.

From above eagle on antique column in circle on banknote of Unites States placed on table

Analyse de marché

Markets

As US Debt Reaches $31.3 Trillion, Global Investors Hedge with Gold and Dollar Alternatives

The ratio of U.S. government debt to GDP has reached 100%, a milestone not seen since World War II. According to a new Government Accountability Office (GAO) report, the federal debt held by the public has equaled the nation's total economic output. Analysts warn that without immediate policy changes, debt will continue to outpace the…

07/03/20260Comments

ByOleg Turceac

Carbon Credit Market

Climate

The GloBE Regime and Its Structural Implications for Tokenized Assets

Genesis and Legal Foundations of Pillar Two in the OECD/G20 Framework Pillar Two, the product of the OECD/G20 work on base erosion and profit shifting (BEPS 2.0), constitutes the most ambitious reform of international taxation since the OECD and UN model conventions. Its stated objective is to establish a minimum effective tax rate of 15%…

07/02/20260Comments

ByOleg Turceac

Cryptos Tech

Bearish or Rebound? The Key Metrics Behind a 34% Rise in Crypto Market Recovery Risk

As of July 2, 2026, the |...| strategy started in May remains valid, with all four assets declining. Current returns for a |...|x short range from -185% to -297%: - STXUSDT: -23.3% to -29.7% decline, ROI -233% to -297%; - LINKUSDT: -6.5% to -18.5% decline, ROI -65% to -185%; - AVAXUSDT: -25.8% to…

Why OCBC Cut Its Gold Price Outlook by 15% While Other Banks Stay Bullish

On the last day of June, gold traded at $4,023 per ounce. Oversea-Chinese Banking Corporation (OCBC), a major Southeast Asian bank, lowered its year-end gold forecast from $5,100 to $4,360, citing rising real yields, a stronger U.S. dollar, and a more hawkish Federal Reserve policy. https://www.steelldy-indices.com The bank also reduced its silver forecast by about…

The Effective Tax Rate (ETR) anomaly at Nike

The quantitative analysis reveals that Nike's Effective Tax Rate (ETR) dropped from 33.6% in Q4 FY2025 to 19.6% in Q4 FY2026, a statistically extreme anomaly of -14 percentage points. This exceeds the sector standard deviation of ~3%, yielding a Z-score of -4.67σ, indicating over 99.99% certainty that this is not a normal fluctuation. https://www.steelldy-indices.com Compared…

Nike’s Q4 Profit Surge Is an Illusion

On June 30, 2026, @Nike (NKE) reported Q4 FY2026 results that appeared to show a spectacular rebound: Net Income of $1.1 billion, up 407% and far above the consensus of $0.13. However, this performance was not due to operational improvement but to an accounting artifact: a $986 million customs duty refund expected from a U.S.…

Intangible Asset Shifting (IAS) Module

The Real Asset Shifting (RAS) module (www.steelldy-indices.com) focuses on tangible assets, notably cross-border real estate. However, intangible assets (patents, trademarks, software, know-how, databases, client lists) are historically the main channel for profit shifting in multinational groups. Unlike tangible assets, intangibles do not significantly benefit from the Substance-based Income Exclusion (SBIE), are highly sensitive to transfer…

07/01/20260Comments

ByOleg Turceac