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Elegant display of Bitcoin, Ethereum, and Cardano coins on a neutral background.
Digitalisation
RWA & Tokenization: Measuring an Inflection Point
The tokenized RWA market totals ~$30-35B in AUM (rwa.xyz: ~$34.5B, ~2x year-over-year). Breakdown: Tokenized US Treasuries & money market funds ~$13.4-15.2B (76 products, ~58,700 holders; top names BUIDL ~$2.4-3.1B, USYC $2.9B, USDY ~$2.1B, BENJI $2.05B); private credit $8-18.9B depending on scope, $33.7B in cumulative originations; commodities (mostly gold) ~$5.5B with XAUT+PAXG >96% of the segment…
09/19/20260Comments
A stunning aerial view of the iconic Atlantis Hotel on the Palm Jumeirah in Dubai.
Analyse de marchéAnalyse de marché
Measuring crypto outflows from the UAE, particularly after a geopolitical event (Epic Fury) on February 28, 2026
The hypothesis is that crypto flows become a significant channel for High Net Worth Individuals (HNWI) leaving the UAE. The core issue is that direct capital flow data is unobservable, and all available proxies (e.g., exchange volume, on-chain data, stablecoin supply, real estate sales, surveys, suspicious activity reports) suffer from significant biases. These proxies measure…
09/19/20260Comments
Focused image of 100g Intergold bars showcasing fine gold quality and luxury.
Analyse de marchéAnalyse de marché
Gold’s +125% Surge Since 2023 Defies Rate Hikes: Fed’s First 2026 Increase Triggers “Buy the Fact” Rebound Toward $4,344
Summary. Quantitative Analysis of Gold Performance (+123% Since September 2023) and 2026-2027 Projections Post-Fed Decision A. Executive Summary. Gold spot price (Sept 18, 2026): $4,344.67, consolidating post-Fed. - Performance since Sept 2023: +125%, indicating a structural bull market. - Fed decision (Sept 16, 2026): Raised rates by 25 bps to 3.75-4.00%, the first hike since…
09/18/20260Comments
Stock market and financial analysis setup with calculator, graphs, and gold coins.
Analyse de marchéAnalyse de marché
Why Gold Is Hitting Record Highs Despite Higher Interest Rates
The structural relationship between gold and US real rates has broken since 2022. Previously, gold moved inversely to real rates; now, gold reaches all-time highs despite elevated real rates (~2.0%). Central banks from emerging markets have structurally increased gold purchases to ~1,000 tonnes/year (2022-2024), up from ~500 tonnes, shifting away from dollar reserves. This creates…
09/18/20260Comments