In Q4 2026, the stablecoin market shows high concentration: USDT (Tether, $183B) is non-compliant with MiCA, USDC (Circle, $72.7B) is compliant, USDS/DAI (Sky, $14.3B) is non-compliant, Ethena USDe ($4.1B) is non-compliant, USDG (Paxos, $3.4B) is compliant, PYUSD (Paxos for PayPal, $2.8B) is in progress, and EURC (Circle, <$1B) is compliant.
Total market cap peaked at…
The Federal Reserve's decision to raise interest rates by another 25 basis points has drawn market attention, with 10-year Treasury yields exceeding 5%.
However, Laurent Morel believe investors are overemphasizing the Fed's actions. While central banks can influence demand through borrowing costs, they cannot address physical supply constraints, no rate hike can produce an extra…
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…
The provided article is a financial news analysis of the September 19-20, 2023, FOMC meeting, confirmed by internal data and factual verification. All key assertions, such as a 5.25%-5.50% target rate, a ~97% pause probability, NFP of +187,000, unemployment at 3.8%, core CPI at 4.3%, and a $95 billion/month QT, are accurate.
The meeting…
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…
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…
The current BTC price is part of a deep liquidity hunt orchestrated by |...| algorithms to trigger the programmed liquidation of CTAs, who must purge 2.4 million Long contracts. This 66,752 USD price is not a fundamental discovery but a microstructure artifact. Institutional |...| are using D Pools and O orders to absorb CTA and…
Multi-engine analysis suggests that the closure of the Strait of Hormuz, leading to a supply shock of 20 Mb/d (20% of world consumption), has established a regime of "structural energy constraint." This regime is characterized by a high conditional probability of activating restrictive measures on mobility ("energy lockdown"), estimated at 81.3% for 03/31/26, according to…
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