The Financial Times reports a marked shift among wealthy investors toward direct ownership of physical gold and secure, individually allocated storage. In 2026, purchases by this group have surged to record levels, signaling a retreat from electronic exposure in favor of tangible assets.
Industry observers highlight capacity constraints across premier vault facilities. London dealer Sharps…
The defining shift in digital assets this decade is not a price level. It is a change in structure: from instruments whose value rests on uncertain future appreciation to instruments whose value is delivered through continuous, automated cash flows, rent, interest, coupons, distributed by code. The RWA market has quietly completed this migration in 2026,…
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…
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:…
The voluntary carbon market is on a well-documented trajectory: roughly $2 billion today, heading toward $100 billion by 2030. CSRD reporting, net-zero commitments, and the rise of tokenized credits are pulling institutional money into a market that was, until recently, a boutique affair of project developers and well-meaning corporates.
There is just one problem, and…
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:…
The numbers, first. Tokenized real-world assets crossed $30 billion in early 2026, a 300% year-on-year increase : US Treasury debt ($10.7bn), commodities ($5.1bn), private credit ($2.9bn), institutional alternative funds ($2.2bn) leading the mix. Measured against what is coming, $30bn is a rounding error. The 2030 forecasts, by institution:
Source2030+ forecastScope noteMcKinsey~$2tnExcludes crypto, stablecoins, deposits,…
According to the methodology of Dixit and Pindyck (1994), gold contains an implicit call option on the collapse of the fiat system. The price dynamics St incorporate a Poisson jump process Nt: dSt/St = μdt + σdWt + (J-1)dNt, where Nt∼Poisson(λ) for the arrival of a systemic fiat crisis, and J is the jump amplitude…
RWA Treasuries (Sharpe 1.0-1.3 | Volatility 2-3%). Asset representing the tokenization of U.S. Treasury bills (e.g., BUIDL, OUSG).
The high Sharpe ratio (1.0-1.3) with negligible volatility (2-3%) makes it the ideal foundation for "Cash-and-Carry" strategies and collateral for HFT strategies. On-Chain Infrastructure and Regulation: The integration of the BIS (tokenization on a unified ledger)…
https://www.steelldy-indices.com
SpaceX has a gross margin of 55.3%, but negative operating and net margins (-1.8% and -6.9%). Only Starlink connectivity is profitable (~+$1.66B OI), while Space and AI segments are loss-making. AWS boasts a 39.4% operating margin (+650 bps YoY), generating ~60% of Amazon's consolidated OI from ~21% of revenue. Microsoft Cloud's gross margin is…
Analyse de marché
ESG Data Services