As of September 22, 2026, the total crypto market cap is approximately $2.9–3.0 trillion, with Bitcoin dominance around 58–59% and a high Fear & Greed Index of 78, indicating a regime where tight stops are likely to be hunted. Trading volumes are elevated at roughly $150 billion in 24 hours.
Key asset prices are: BTC…
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…
Facts. Humanoid robotics: $8.7B in VC from January to July 2026; market estimated at ~$4.2B in 2026 → ~$40.5B in 2033 (CAGR 38.2%); Goldman Sachs: $38B in 2035 (bull case $152B)[30]; Morgan Stanley: 930 million units in 2050 (China 302.3M, US 77.7M), unit price dropping from $200k (2024) to ~$50k (2050).
Industrialization signals: Unitree…
Three macro variables dominate the pricing of five crypto assets today. The August CPI, released on September 11, is the last inflation print before the FOMC. A "hot" print raises perceived r* and compresses crypto duration, while a disinflationary print reopens the hold scenario.
The FOMC meeting on September 15-16 has hike probabilities of…
AI will lead to mass dumbing down of society. This is one of the most underestimated risks of AI transformation. The process of societal dumbing down was already rapid before LLMs, but now it could accelerate exponentially. Not progress, but degradation of society will speed up. This involves the gradual destruction of the very mechanism…
Thesis. While the market watches tokens, the largest financial data upgrade in history is concluding: after the end of the MT/MX coexistence period (November 22, 2025 — 97% of cross-border payments now in ISO 20022), 2027 mandates structured/hybrid addresses on SWIFT CBPR+ (SEPA on the 15th), with 65% of messages still non-compliant and 44% of…
According to Société Générale, the time has come to view gold optimistically again, as they observe a gradual recovery after months of correction. In a recent market assessment, analysts stated the precious metal looks attractive again, despite trimming their gold positions in the first half of the year. Gold recently rebounded to around $2,450 after…
Les trois banques russes Gazprombank, Alef Bank et Interprombank (Алеф-Банк, АКБ «ИНТЕРПРОМБАНК» и Газпромбанк) n’ont pas "volé" le milliard moldave, mais elles ont facilité techniquement le mécanisme de fraude en fournissant des dépôts overnight (dépôts à vue d’un jour, sans intérêt) aux trois banques moldaves impliquées (Banca de Economii, Unibank, Banca Socială), ce qui a…
Private credit funds face significant 2026 risks from two AI-related channels: disruption to software borrowers and demand shortfalls in AI infrastructure. These are compounded by liquidity mismatches, sector concentration, and ties to insurers and pensions. Non-bank direct lending, via vehicles like BDCs, has heavily expanded into both areas, heightening vulnerability.
Two Primary AI-Related Risk…
EXECUTIVE SUMMARY. QUANTITATIVE FINANCE
Contagion in AI financing cannot be understood through valuation levels or even growth rates. It is grasped through the counterparty dependency structure and the second derivative of infrastructure spending.
Our cross-analysis shows:
¤ The central risk is not the disappearance of AI demand, but the existence of a…
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