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Cryptos

Toute l’actualité du monde des cryptos en France et (plateformes, cryptos, rachat, IA, acteurs, fondateurs). Vidéos, analyses, commentaires et interviews.

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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.

Cryptos

Toute l'actualité du monde des cryptos en France et (plateformes, cryptos, rachat, IA, acteurs, fondateurs). Vidéos, analyses, commentaires et interviews.

Flat lay of various cryptocurrency coins on white background, showcasing digital currency concept.

Cryptos

137 Countries, One Question. Measuring the CBDC Race Before the Settlement Reset

Central bank digital currencies have a communication problem. Every central bank publishes pilots, speeches and consultation papers, an endless stream of qualitative noise from which it is nearly impossible to extract the only question that matters for markets: who is actually going to ship, and how fast? The count is no longer small. 137 countries…

7 hours ago0Comments

ByOleg Turceac

Monochrome image of Ripple coins stacked vertically, symbolizing digital currency.

Cryptos

$315 billion stablecoins: why “trust me” is no longer a reserve policy

The stablecoin market has crossed a symbolic threshold: a market capitalization of over $315 billion. What was, five years ago, a niche tool for crypto traders has become a cash management infrastructure, for funds, fintechs, corporations, and soon, under the effect of the MiCA regulation, for regulated European institutions. Yet the fundamental question remains unchanged:…

2 days ago0Comments

ByOleg Turceac

Bitcoin coin standing on a chessboard with silver and brass chess pieces. Concept of strategic digital currency investment.

Cryptos Tech

Beyond the Sharpe Ratio: Why Tail-Risk Hedging Is Essential in Bitcoin’s Fat-Tailed Markets

A long-only Bitcoin strategy with a target Sharpe ratio of 0.8–1.2 and 60–70% volatility is an inherently risky proposition. The asset is high-beta with extreme negative skew and fat tails. While the elevated Sharpe suggests a high risk premium, this masks a pathological risk of ruin during retail capitulation events. The market's inefficiency stems…

4 days ago0Comments

ByOleg Turceac

A hand holds a smartphone displaying BTC-USD chart amidst digital trading screens, highlighting crypto finance.

Cryptos Digitalisation Tech

Detailed Technical Exploration of the mBridge Project

mBridge is a multi-CBDC (wholesale) platform for cross-border payments and foreign exchange settlements in central bank digital currencies. Originating from Project Inthanon-LionRock (HKMA + Bank of Thailand, 2019), it expanded in 2021 with the Digital Currency Institute of the PBoC and the Central Bank of the UAE, coordinated by the BIS Innovation Hub Hong Kong.…

08/12/20260Comments

ByOleg Turceac

A display of various national flags on flagpoles set against a mountain backdrop, symbolizing global unity.

Cryptos Tech

Interoperability of Instant Payment Systems and CBDCs within BRICS

On August 11, 2026, RBI Governor Sanjay Malhotra confirmed that BRICS members are actively exploring links between their instant payment systems (FPS) and Central Bank Digital Currencies (CBDC). The goal is to cut costs and settlement times for cross-border retail and trade payments. Discussions remain exploratory; India, as 2026 chair, hosted the summit and pushed…

08/12/20260Comments

ByOleg Turceac

Close-up of Bitcoin and Ethereum coins symbolizing digital currency and blockchain technology.

Cryptos Tech

The ETH/BTC ratio currently stands at approximately 0.0292–0.0293

The ETH/BTC ratio currently stands at approximately 0.0292–0.0293 (early August 2026), meaning one Ethereum is worth about 2.92–2.93% of one Bitcoin. Recent historical context (2025-2026): - Local peak: 0.0421 (August 24, 2025) - Cycle low: 0.02578 (June 6, 2026), down 38.8% from peak - Current level: ≈0.0292 (August 4, 2026), up 13–14% from the low…

08/04/20260Comments

ByOleg Turceac

Close-up of Ethereum and Bitcoin coins symbolizing cryptocurrency and blockchain technology against a purple backdrop.

Cryptos Tech

The correlation between Bitcoin (BTC) and Ethereum (ETH)

The correlation between Bitcoin (BTC) and Ethereum (ETH) is structurally high and stable, typically ranging between +0.80 and +0.90 across various time horizons, with 30-day figures around +0.88 and one-year values between +0.82 and +0.91. This relationship is markedly different from the BTC-Gold correlation, which averages only about +0.10 to +0.13 and can sometimes be…

08/04/20260Comments

ByOleg Turceac

Golden Bitcoin coins scattered over US dollar bills, symbolizing modern digital currency.

Cryptos

The correlation between Bitcoin and physical gold (XAU/USD)

The correlation between Bitcoin and physical gold (XAU/USD) remains weak and unstable over the long term, making them an excellent diversification pair. Long-term (since 2015/3-5 years): average correlation ≈ +0.10 to +0.13. Over one year: typically between -0.17 and +0.32. Short-term (30 days): currently negative (recent readings between -0.31 and -0.46, with extremes at -0.88…

08/04/20260Comments

ByOleg Turceac

Cryptos Tech

BTC, Liquidity Pools, Institutional Flows, and Sharpe Ratios

1. Liquidity Pools include: Binance spot ($5-10B daily), Coinbase spot ($1-3B), perpetuals from Binance, Bybit, OKX ($20-40B), CME Futures ($2-5B), US spot ETFs like IBIT and FBTC ($1-3B), and OTC/DP estimated at $2-5B. 2. Institutional flows show CTA trend-following algorithms are neutral with no large liquidation signals. ETF flows have slight net outflows recently,…

07/31/20260Comments

ByOleg Turceac

Close-up of two golden Bitcoin coins on a tablet screen displaying financial data.

Cryptos

Structural risk of private banking blockchains on Bitcoin and the crypto ecosystem

https://www.steelldy-indices.com JPMorgan's note from July 9, 2026 identifies a structural threat to Bitcoin and public cryptocurrencies: the rapid expansion of private and permissioned blockchains driven by commercial banks (Kinexys, JPM Coin, tokenized deposits, CBDCs). This trend, supported by settlement volumes exceeding $4 trillion on Kinexys, could siphon institutional demand for public digital assets by offering…

07/13/20260Comments

ByOleg Turceac