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How Circular Financing in AI Creates Hidden Risks Beneath a Boom

Circular financing in the AI sector refers to a tightly interlinked system of equity investments, compute commitments, guarantees, and off-balance-sheet structures among chipmakers, hyperscalers, AI labs, and data-center operators. Money and obligations circulate among a small group of counterparties, accelerating infrastructure buildout while amplifying downside risks if end-user monetization falls short. How It Works.…

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BIS Warns: AI Spending Spree Echoes Past Market Manias and Recessions

AI bubble risks are elevated as of mid-to-late 2026, driven by an unprecedented capital expenditure boom outpacing near-term monetization, high valuations, circular financing, and competitive pressure from low-cost Chinese open models. Official warnings from institutions like the Bank for International Settlements highlight parallels to historical overinvestment cycles, while real technological progress and strong current revenues…

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Crypto Short Squeeze

Bitcoin surged to $76,800-$77,600, gaining 6-8% in 24 hours and 20% for the week. The market saw over $4 billion in 24-hour liquidations, marking the most violent short squeeze of 2026. Combined BTC/ETH ETF inflows exceeded $800 million, indicating massive institutional entries. The funding rate shifted from negative to positive, signaling a return of long…

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ScoreGex. De l’AVM local à l’oracle de rente institutionnel

"L'immobilier tokenisé est le segment le plus difficile à mesurer", c'est exactement le vide que ScoreGex peut remplir. Le marché RWA tokenisé a atteint 38,2 Md USD de valeur distribuée on-chain pour 345,3 Md USD d'actifs sous-jacents référencés. L'immobilier tokenisé représente moins de 6 % du total (~2 Md USD), alors que l'immobilier mondial pèse ~450 000 Md USD. Cette asymétrie n'est…

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Stablecoins: $315 billion in circulation, zero dynamic reserve ratings. Why this must change

Price is the last indicator to move The stablecoin market has reached a new milestone: over $315 billion in total market capitalization, serving as the backbone of on-chain settlements, with adoption now extending far beyond the crypto ecosystem alone cross-border payments, corporate treasuries, and collateral for tokenized finance. Yet a massive, under-discussed anomaly persists:…

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Global Real Estate as an Ocean of Liquidity & the Institutional Shift SFR / BTR

Global real estate remains the dominant asset class, valued at approximately $393-448 trillion (Savills, 2026 estimates), about 3.3 times the global equity market capitalization and 2.8 times that of bonds. In this context, institutional capital is structurally shifting toward rental income streams (SFR/BTR). The institutional share of the US Single-Family Rental market remains low (2.0-3.1%…

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