Actualités financières en direct

Coinbase’s Vice Chair Ryan VanGrack has remarked that traditional finance is shifting its focus from debating whether to engage with cryptocurrencies to figuring out how to integrate them into their systems. This development aligns …

Coinbase’s Vice Chair Ryan VanGrack has remarked that traditional finance is shifting its focus from debating whether to engage with cryptocurrencies to figuring out how to integrate them into their systems. This development aligns with recent moves by major banks forming a consortium to issue a joint stablecoin, indicating increased integration of crypto into financial infrastructures. Coinbase has been proactive in expanding its capabilities, notably partnering to extend stablecoin services to over 1,000 community banks and credit unions. These trends suggest a growing institutional adoption of crypto, with stablecoins and tokenized assets playing a significant role. Advertisement Key Takeaways The statement from Coinbase’s Vice Chair suggests traditional finance is increasingly integrating crypto, which could influence Ethereum’s adoption. Markets appear to view this shift as consistent with scenarios where Ethereum’s price could increase. Current pricing in related prediction markets reflects modest support for Ethereum reaching higher price thresholds by the end of 2026. What to Watch Observers should monitor developments in the integration of crypto into traditional financial systems, particularly any joint initiatives by major banks. Moves by regulatory bodies regarding stablecoin and crypto adoption could also impact market expectations. Further institutional partnerships by Coinbase or major announcements from key players like Ethereum’s Vitalik Buterin could influence market sentiment and pricing in prediction markets. Get live prediction-market analysis, powered by Vera. Sign up for Vera.

The Oracle chair scrapped a trading plan for 50 million shares just one day after it became public, removing a significant overhang from the market. Larry Ellison had a plan to sell a lot …

The Oracle chair scrapped a trading plan for 50 million shares just one day after it became public, removing a significant overhang from the market. Larry Ellison had a plan to sell a lot of Oracle stock. Then he didn’t. The Oracle executive chair and CTO canceled a Rule 10b5-1 trading plan that would have allowed him to offload up to 50 million shares, worth roughly $7.5 billion at recent market prices of around $150 per share. The cancellation came just one day after the plan’s existence became public knowledge, making it one of the fastest reversals of an insider trading arrangement in recent memory. Gloria You may own more of this than you think. Gloria Finance looks through your funds and identifies your hidden true exposure. Check your exposure → What happened and why it matters Ellison had originally set up the trading plan on June 22, 2026, with an expiration date of October 24, 2026. At the time of adoption, those 50 million shares were valued at closer to $8.75 billion, so the subsequent dip in Oracle’s stock price had already trimmed the plan’s headline number before Ellison pulled the plug entirely. Advertisement A Rule 10b5-1 plan is the mechanism corporate insiders use to sell stock on a pre-scheduled basis without running afoul of insider trading rules. Think of it as setting up automatic instructions with a broker: the executive agrees in advance to sell X shares at Y price on Z date, then steps away from the decision. The plan executes regardless of what the insider knows later. Those 50 million shares represent roughly 1.65% of Oracle’s total outstanding shares. That kind of supply hitting the market, even gradually, creates what traders call an overhang: a persistent downward pressure on the stock because the market prices in the anticipated selling before it even happens. By withdrawing the plan, Ellison effectively removed that ceiling from the stock. People close to him have suggested he views Oracle’s shares as undervalued. Oracle’s financial picture right now Oracle has outlined plans to raise $40 billion in its current fiscal year to fund growth initiatives, with an additional $45 to $50 billion anticipated in 2026. At the same time, the company is absorbing restructuring costs estimated at $2.8 billion, stemming from job cuts and operational reorganization. Gross margins have faced compression despite strong backlog growth. Ellison owns approximately 40% of Oracle’s outstanding shares. Historically, he has not exceeded sales of 25,000 shares in a single instance, which made the 50 million share trading plan particularly noteworthy among investors. What this signals for Oracle investors Oracle is asking the market to trust that its AI and cloud buildout will generate returns commensurate with the capital being deployed. A $7.5 billion share sale by the company’s largest individual shareholder, announced during that same buildout, would have created a cognitive dissonance for investors trying to price in the long-term thesis. Removing that overhang does not fix Oracle’s margin compression or make its $40 billion fundraising plan any easier. But it removes one clear negative signal from the board.

OKX's layer 2 chain is quietly becoming a serious player in tokenized equities, with 836 assets and no concentration risk in sight Three months ago, X Layer had zero tokenized stocks on its platform. …

OKX's layer 2 chain is quietly becoming a serious player in tokenized equities, with 836 assets and no concentration risk in sight Three months ago, X Layer had zero tokenized stocks on its platform. Today it’s sitting on roughly $91.5M in market cap across 836 listed assets, putting it within striking distance of the $100M mark. The milestone represents about 3.1% of the overall tokenized equities market, a slice that didn’t exist before mid-June. And the portfolio is notably well-distributed: no single asset accounts for more than about 9% of total holdings, with the largest being MSTRx, a tokenized version of MicroStrategy stock, sitting at around $8.45M. Gloria A stock you don't own just moved — and two you do depend on it. Gloria Finance sees the connections others miss. See the connections → How X Layer got here X Layer is OKX’s Ethereum layer 2, built using Polygon CDK and zkEVM technology. It officially launched in June 2024. That use case arrived on June 1-2, 2026, when X Layer announced a partnership with xStocks to bring tokenized US equities, ETFs, and commodities onto the chain. By June 15, the integration was live, with assets issued by Backed Finance trading through OKX Wallet. The value proposition is straightforward: 1:1 backed tokens representing real stocks, zero-fee trading, self-custody, and permissionless access. Users in over 110 countries can participate, though US persons are excluded. The chain uses OKB for transaction fees. Advertisement The asset mix skews heavily toward equities at roughly 88%, with ETFs making up the remaining 12%. The bigger xStocks picture X Layer’s $91.5M is impressive in isolation, but it’s a fraction of the broader xStocks ecosystem. The platform’s total assets under management range from $685M to $811M across multiple blockchains. Solana remains the dominant chain for xStocks, followed by Ethereum, with X Layer in third position. Since launching on June 30, 2025, xStocks has recorded cumulative trading volumes exceeding $35B. The platform’s issuer, Backed Finance, handles the critical trust layer. Each token is backed 1:1 by the underlying asset, which means someone, somewhere, is actually holding the real MicroStrategy shares (or Apple shares, or S&P 500 ETF units) that correspond to on-chain tokens. Why distribution matters One of the more interesting design choices in X Layer’s xStocks implementation is the concentration cap. With no single asset exceeding roughly 9% of total market cap, the platform avoids the kind of lopsided exposure that has plagued other tokenized asset platforms. MicroStrategy’s pole position as the largest holding is telling, though. MicroStrategy, led by Michael Saylor, has effectively become a leveraged Bitcoin proxy in traditional markets. The fact that crypto-native users are tokenizing a stock that already serves as a crypto exposure vehicle is a wonderfully recursive piece of financial engineering. The RWA race heats up X Layer’s push into tokenized equities arrives during what has become a land grab in the real-world asset tokenization space. Solana has the trading volume lead. Ethereum has the institutional credibility. X Layer is betting that its connection to OKX, one of the world’s largest crypto exchanges, gives it a distribution advantage that pure-play DeFi chains can’t match. OKX Wallet integration means xStocks assets on X Layer are accessible to OKX’s existing user base without requiring them to navigate unfamiliar interfaces or bridge assets across chains. X Layer capturing 3.1% of that market within three months, starting from zero, indicates that distribution partnerships can compress adoption timelines dramatically. For OKX, every tokenized stock traded on X Layer generates ecosystem activity, burns OKB for fees, and deepens user engagement with OKX’s wallet infrastructure.

Andreessen Horowitz’s crypto division, a16zcrypto, highlighted Marc Andreessen’s advocacy for the U.S. to take a leading role in technology development, specifically supporting the establishment of cryptocurrency infrastructure within the country. This endorsement aligns with …

Andreessen Horowitz’s crypto division, a16zcrypto, highlighted Marc Andreessen’s advocacy for the U.S. to take a leading role in technology development, specifically supporting the establishment of cryptocurrency infrastructure within the country. This endorsement aligns with current discussions surrounding the Digital Asset Market Clarity Act (CLARITY Act), which aims to define regulatory boundaries for digital assets between the SEC and Commodity Futures Trading Commission. The act is currently under negotiation in Congress, with its latest action being a Senate cloture motion in August 2026. The ongoing debate over the CLARITY Act suggests a prolonged process in achieving regulatory clarity for the U.S. crypto market. Advertisement Key Takeaways The statement by Andreessen suggests a push for U.S. leadership in technology development, including crypto, which could influence sentiment positively. The CLARITY Act remains a proposal, indicating ongoing negotiations and uncertainty in the U.S. regulatory environment for digital assets. Market activity appears to reflect cautious optimism, likely due to the potential for clearer regulatory frameworks that could support crypto growth. What to Watch Observers should monitor the progress of the CLARITY Act in Congress, as its passage could significantly impact the regulatory landscape and market sentiment. Key dates include upcoming congressional sessions and potential announcements from the Federal Reserve that could affect broader economic conditions. Market participants are also likely to react to any major institutional announcements or shifts in Bitcoin’s price resistance levels, particularly in the context of reaching $100,000 by the end of 2026. Get live prediction-market analysis, powered by Vera. Sign up for Vera.

The tokenized equity product is part of a broader suite on Base that has generated nearly $399 million in cumulative trading volume Coinbase’s tokenized version of SpaceX stock, trading as SPCXc on the Base …

The tokenized equity product is part of a broader suite on Base that has generated nearly $399 million in cumulative trading volume Coinbase’s tokenized version of SpaceX stock, trading as SPCXc on the Base network, generated roughly $6.6 million in decentralized exchange volume in a single day. For a product that lets people trade a version of a recently-public rocket company through a Layer 2 blockchain, that’s a pretty solid Tuesday. The SPCXc token is one of ten tokenized equities Coinbase now offers on Base, and it’s quickly become one of the more actively traded assets in a category that barely existed a few months ago. The broader suite of tokenized stocks has accumulated nearly $399 million in cumulative DEX volume since launch, a number that keeps climbing. Gloria One app, one screen — every morning, Gloria Finance briefs you on what happened and how it affected your portfolio. Read your brief → How tokenized SpaceX stock actually works SPCXc is structured as a 1:1 backed B20 token, meaning each token is supposed to represent one share of SpaceX equity sitting in custody somewhere off-chain. SpaceX went public on Nasdaq under the ticker SPCX in June 2026, which made the tokenization process considerably more straightforward than it would have been during the company’s long run as a private entity. Advertisement The token launched on September 4, 2026, as part of a second wave that brought six new tokenized stocks to Base. Coinbase had initially debuted four tokenized equities on August 24, and the expansion added names like Amazon and Tesla to the lineup. One important caveat: these products are currently available only to non-US users. So American investors eyeing on-chain SpaceX exposure will need to stick with their brokerage accounts for now. By September 11, SPCXc had accumulated around $1.11 million in total supply with approximately 3,400 holders. The Aerodrome effect Most of the trading action for Coinbase’s tokenized stocks isn’t happening on some obscure venue. Aerodrome, the largest decentralized exchange on Base, has accounted for more than 77% of total DEX volume for these tokenized equities. The entire tokenized equities category on Base hit a milestone on September 12, when daily trading volume crossed $100 million for the first time. To put that in context, the suite had only generated about $227.7 million in its first 30 days. Reaching $100 million in a single session suggests the demand curve is accelerating rather than flattening.

Crude oil all time high predictions Energy, shipping, and material costs are on the rise amid escalating tensions in Iran and the exacerbating effects of El Niño. This development is expected to impact retail …

Crude oil all time high predictions Energy, shipping, and material costs are on the rise amid escalating tensions in Iran and the exacerbating effects of El Niño. This development is expected to impact retail clothing prices, as businesses face higher input costs. The recent data indicates that U.S. apparel prices have remained elevated, with the Consumer Price Index (CPI) for apparel showing a 3.62% increase year-over-year in August 2026. Although monthly changes have plateaued, the pressures from energy and shipping costs suggest that the retail sector may continue to experience price hikes. Advertisement In the context of prediction markets, these rising costs are seen as a significant factor influencing the crude oil market. The market pricing currently reflects a 2.3% probability of crude oil reaching a new all-time high by September 30, while the probability for December 31 stands at 15.5%. These figures highlight the potential impact of geopolitical tensions and natural phenomena on global oil prices. Key Takeaways Rising energy and material costs appear to be consistent with the likelihood of increased retail clothing prices. Market pricing suggests a low probability of crude oil hitting a new all-time high by September 30, with a slight increase expected by December 31. The Iran conflict and El Niño are key indicators shaping current market expectations and pricing dynamics. What to Watch Observers should monitor geopolitical developments in Iran and weather patterns related to El Niño, as these could further influence energy and material costs. Additionally, upcoming reports from key energy agencies, such as OPEC and the International Energy Agency, may provide further insights into supply and demand dynamics. Changes in these factors are likely to affect the prediction market’s assessment of crude oil reaching a new all-time high. Get live prediction-market analysis, powered by Vera. Sign up for Vera.

Staggered insider lockup expirations are pushing SpaceX's public float from under 5% to roughly 16%, forcing index funds to buy billions in additional shares during the quarterly rebalance. When SpaceX joined the Nasdaq 100 …

Staggered insider lockup expirations are pushing SpaceX's public float from under 5% to roughly 16%, forcing index funds to buy billions in additional shares during the quarterly rebalance. When SpaceX joined the Nasdaq 100 in early July, it entered with training wheels. A public float of roughly 3-5% meant the company’s index weighting was capped below 1%, a modest footprint for a firm valued north of $1.75 trillion. That’s about to change. The upcoming quarterly rebalancing of the Nasdaq 100 will give SpaceX a significantly larger slice of the index, driven by lockup expirations that have expanded its publicly tradable shares to approximately 16% of total outstanding stock. For the passive funds that track the index, including the mammoth Invesco QQQ ETF, that means one thing: they need to buy a lot more SpaceX. Gloria A stock you don't own just moved — and two you do depend on it. Gloria Finance sees the connections others miss. See the connections → How SpaceX got here so fast SpaceX went public on June 12, 2026, pricing shares at $135 each and immediately commanding a valuation in the range of $1.75 to $1.8 trillion. Just 15 trading days later, on July 7, SpaceX was added to the Nasdaq 100. A precedent established in May 2026 allows sufficiently large IPOs to bypass the traditional multi-month seasoning period, which SpaceX used to fast-track its inclusion. Advertisement But fast inclusion came with a catch. The Nasdaq applies a 3x multiplier rule to companies where less than 33.3% of shares are publicly available. With SpaceX’s float sitting at just 3-5% at the time of inclusion, its effective index weight was constrained to under 1%. The float is expanding, and index funds must follow As insider lockup periods expire on a staggered schedule running through December 2026, more SpaceX shares become available for public trading. By early September, that float had grown to roughly 16% of total shares outstanding. During SpaceX’s initial inclusion in July, the passive investment inflows from QQQ alone were estimated at approximately $4.3 billion. The September rebalance should trigger another wave of mandatory buying as fund managers realign their portfolios to match SpaceX’s updated weighting. For context, the rebalance dynamic works like this: Nasdaq recalculates index component weights quarterly, and every ETF and mutual fund tracking the index must adjust its holdings accordingly. When a stock’s weight jumps, fund managers have a narrow window to execute those trades, which can concentrate buying pressure into a few trading sessions. What investors should be watching SpaceX is a particularly interesting case because the float expansion isn’t a one-time event. With insider lockup expirations scheduled through December 2026, the company’s index weight will likely continue to grow at each subsequent quarterly rebalance. As of the initial IPO, the vast majority of shares remained locked up with insiders, including employees and early investors. Each expiration effectively converts illiquid insider holdings into freely tradable stock, increasing supply while simultaneously increasing demand through the index mechanism. The December rebalance could bring another weight increase, and another round of forced buying, depending on how much additional float hits the market between now and then.

Base (Coinbase L2) official brand mark 'The Square' (white on Base Blue) from the official base/brand-kit repository Coinbase's layer-2 network is turning into a miniature stock exchange, and Aerodrome is eating most of the …

Base (Coinbase L2) official brand mark 'The Square' (white on Base Blue) from the official base/brand-kit repository Coinbase's layer-2 network is turning into a miniature stock exchange, and Aerodrome is eating most of the order flow Tokenized stocks trading on Base just hit $100 million in daily decentralized exchange volume, a level the network hadn’t touched in 26 days. For a product category that didn’t exist on the chain five weeks ago, that’s a remarkably fast climb toward relevance. Coinbase’s Ethereum layer-2 network launched tokenized versions of major US stocks on August 24, 2026, and within a month, cumulative trading volume blew past $228 million. Gloria Flexible superpowers for every investor — best-in-class data, algorithms, and AI-powered research, together in Gloria Finance. Research smarter → What’s actually trading, and where The tokenized stocks available on Base include some of the most recognizable names in public markets: Nvidia (NVDAc), Apple (AAPLc), Alphabet (GOOGLc), and Meta (METAc). Each token follows the B20 standard and is backed 1:1 by actual shares held in custody by Alpaca, a brokerage infrastructure provider. Advertisement The bulk of this activity is flowing through one venue. Aerodrome, the dominant DEX on Base, has captured more than 77% of all tokenized stock trading volume since launch. In the first week alone, cumulative volume across these tokens reached roughly $94.6 million, and the pace has only accelerated from there. Why tokenized stocks are finding an audience Traditional stock markets operate roughly 6.5 hours a day, five days a week. Tokenized versions trade around the clock, every day. On Base, traders can acquire fractional amounts of NVDAc and use it as collateral in DeFi protocols. A tokenized stock sitting in a wallet can be lent, used as collateral for borrowing, or paired in a liquidity pool to earn trading fees. The Aerodrome effect and competitive implications Aerodrome’s 77%-plus market share in tokenized stock volume is a significant data point for the Base ecosystem. For Aerodrome’s liquidity providers, the tokenized stock pools represent a new source of fee revenue with a different risk profile than typical crypto pairs, as the underlying assets are correlated to traditional equity markets rather than to ETH or Bitcoin. The 1:1 backing model with Alpaca as custodian creates a clear link between the onchain token and a real, regulated share. Whether that structure satisfies the SEC long-term is an open question. T+0 settlement on Base versus T+1 through DTCC is a meaningful operational difference for firms managing large portfolios. The current roster of four tokenized stocks is deliberately narrow, focused on mega-cap names. One month of data doesn’t make a trend, but $228 million in cumulative volume and a $100 million daily peak suggest that demand for onchain equities is more than a novelty.

The Solana memecoin launchpad is overhauling its fee distribution system to reward patient holders over active traders Pump.fun has quietly rewritten the rules for how traders get paid on its platform. The Solana-based memecoin …

The Solana memecoin launchpad is overhauling its fee distribution system to reward patient holders over active traders Pump.fun has quietly rewritten the rules for how traders get paid on its platform. The Solana-based memecoin launchpad announced on September 12 that it is introducing a new “Holder Rewards” token type while fully deprecating its Cashback mode for any new token launches going forward. The core logic is simple: instead of routing trading fees back to creators or returning them instantly to active traders, the new system funnels those fees into a dedicated Pump.fun distribution wallet, which then pays out to token holders several times per hour. The longer you hold, and the more you hold, the larger your cut. Gloria Your portfolio shows you what you own. Gloria Finance shows you what's worth looking at next. Discover ideas → Advertisement What changed and why Cashback mode was not always part of the Pump.fun playbook. The platform introduced it in February 2026 as an attempt to redirect creator fees away from developers and toward the traders actually moving volume. The problem, according to community feedback the platform cited in its announcement, was structural. Many of the highest-volume tokens on the platform no longer had active development teams behind them. In those cases, the original Cashback mechanic still disproportionately benefited creators relative to the traders engaging with the token daily. Holder Rewards is the platform’s answer to that criticism. Token creators launching new projects now choose between two configurations: a standard Creator Fee token, where fees flow to the project team as before, or a Holder Rewards token, where those same fees get redistributed to holders on an ongoing basis. There is no hybrid option. For existing tokens that ran under Cashback or Creator Fee structures, conversion to Holder Rewards is possible but gated. Tokens must meet specific objective criteria set by the platform, and the conversion is permanent. Once a token moves to the Holder Rewards structure, there is no reverting to prior mechanics. Existing Cashback tokens remain tradable under their original rules, and users can still claim any rewards they have already accrued. The mechanics of holding-based payouts Distributions go out multiple times each hour. A minimum holding threshold of $20 appears to be required for maximizing rewards under the new structure, putting a floor on who can meaningfully participate in the distribution mechanics.

The headquarters of the European Central Bank (ECB) is pictured in Frankfurt am Main, western Germany (file picture). Wall Street banks Goldman Sachs and Citigroup, alongside Barclays, expect the European Central Bank to raise …

The headquarters of the European Central Bank (ECB) is pictured in Frankfurt am Main, western Germany (file picture). Wall Street banks Goldman Sachs and Citigroup, alongside Barclays, expect the European Central Bank to raise interest rates further after Thursday's hawkish policy decision reinforced concerns that inflation could remain elevated for longer, reports Reuters. The central bank raised interest rates by 25 basis points, as expected, and projected that inflation would remain above its 2% target for an extended period. Renewed hostilities between the US and Iran have pushed crude prices above $100 a barrel, worsening the inflation outlook for the euro zone and reinforcing expectations that policymakers may need to keep monetary policy restrictive for longer. While Goldman Sachs, Citi and Barclays expect the ECB to raise rates again in December, Citi anticipates an additional hike in March 2027. Traders are pricing in a 94% chance of a quarter-point rate hike in December, according to LSEG data. "The longer inflation remains high, the more pronounced the risks that it becomes endogenous," Citi economists said. Swiss investment bank UBS, through its Global Research and Global Wealth Management divisions, also expects the ECB to hike rates in December, although UBS Global Research sees the move being reversed later, with rates returning to 2.5% by the fourth quarter of 2027. Barclays said the ECB's latest rate hike, which President Christine Lagarde described as a "no-brainer", underscored policymakers' continued focus on taming inflation, which the central bank does not expect to return to its 2% target until late 2027. Goldman Sachs said a December rate hike would push interest rates into "mildly restrictive territory". The ECB has increasingly emphasised that future policy decisions will be data-dependent. Policymakers are due to meet on October 29.