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The prediction market turned derivatives exchange wants to bring crypto-native trading instruments to traditional equities, and regulators will have plenty to say about it. Kalshi, the New York-based derivatives exchange that built its name …

The prediction market turned derivatives exchange wants to bring crypto-native trading instruments to traditional equities, and regulators will have plenty to say about it. Kalshi, the New York-based derivatives exchange that built its name on prediction markets, is pushing into territory that will make both Wall Street and crypto traders pay attention. The company plans to file for regulatory approval to list perpetual futures contracts on individual stocks, starting with some of the largest names in the market: Tesla, Apple, and Nvidia. Perpetual futures, or “perps,” have been the bread and butter of crypto exchanges like Binance and Bybit for years. Kalshi wants to take a product born in crypto markets and apply it to the most liquid equities on Earth. Gloria Bull case, bear case, or the catalyst that breaks it — Gloria Finance runs the whole research in one click. Run a playbook → What Kalshi is actually proposing The filing, expected to land at both the CFTC and SEC, would cover around 60 stock- and ETF-linked perpetual futures products. Each contract would represent 100 shares, with a minimum margin requirement of roughly 15% of the notional value. Advertisement To qualify for listing, underlying stocks would need a minimum market cap of $100B and an average daily trading volume of at least $450M. That effectively limits the initial universe to mega-cap names. The contracts would trade 23 hours a day, five days a week, and settle in cash with no physical delivery. Unlike standard futures, perpetual contracts have no expiration date. Traders hold positions indefinitely, with periodic funding rate payments keeping the contract price anchored to the underlying asset. Building on regulatory momentum Kalshi received CFTC approval for Bitcoin perpetual contracts back in May 2026, and just recently launched gold and silver perps in September 2026. Its crypto perpetual futures have reportedly generated tens of billions in notional volume. Because equities are securities, these contracts fall under the jurisdiction of both the CFTC and the SEC. Single-stock futures were technically legal in the US after the Commodity Futures Modernization Act of 2000, but the product category largely failed to gain traction, partly because of the cumbersome joint oversight structure. Not everyone is cheering CME Group filed a lawsuit against the CFTC in June 2026 claiming that the agency improperly approved perpetual futures contracts. Citadel Securities has raised concerns that equity perpetual futures could create a parallel shadow market, potentially creating compliance blind spots around issues like insider trading, position reporting, and investor protection. Kalshi is also eyeing expansion into agricultural commodity perpetual futures, adding to its existing copper and equity-index perps, with WTI crude oil reportedly on the wish list as well.

ETH's ongoing recovery push moves it past major corporations in the global wealth hierarchy Ethereum has moved from the 100th spot to 61st among the world’s top assets by market capitalization, a climb that …

ETH's ongoing recovery push moves it past major corporations in the global wealth hierarchy Ethereum has moved from the 100th spot to 61st among the world’s top assets by market capitalization, a climb that captures the ongoing recovery the asset has staged throughout 2026. A year of dramatic swings Ethereum’s trajectory through 2026 has been anything but linear. In early July, ETH sat between 93rd and 95th globally, with a market cap of roughly $215B to $216B, having only recently climbed back above the top 100 threshold after slipping below it in late June when its valuation hovered around $192B to $197B. Gloria See exactly what Buffett, Soros and Pershing Square are buying — then mirror the smart money in Gloria Finance. Follow the greats → At that earlier low point, ETH ranked alongside companies like SoftBank and Shell in terms of market value. Advertisement Earlier in 2026, on January 31, ETH had actually ranked as high as 56th globally, carrying a market cap of approximately $305B. That came before a sharp 14.43% weekly decline knocked it down several rungs. By mid-September, ETH prices were trading between $2,500 and $2,600, with the market cap crossing back above $300B, a recovery fueled in part by U.S. inflation data that shifted broader risk sentiment. No major upgrade, no network event drove the move. How Ethereum got here historically Ethereum first cracked the global top 100 asset ranking in January 2021, debuting at 97th with a market cap of around $132B. The circulating supply of ETH stood at approximately 120.68 million tokens in early July 2026 and had grown to around 122 million by September. Bitcoin maintained a ranking of around 15th among global assets during the same period, a gap that illustrates just how much daylight still exists between the two largest crypto assets in terms of perceived store-of-value status. What the ranking shift actually signals The swings Ethereum has experienced in 2026 highlight how sensitive the asset remains to macroeconomic signals. U.S. inflation data, interest rate expectations, and broader risk appetite continue to move ETH’s price in ways that can shift its global ranking by dozens of places within weeks. The January 2026 peak at 56th, followed by the decline toward the bottom of the top 100, is a useful reference point. It suggests that the mid-50s to low-60s range represents a recurring zone for ETH under current market conditions, one reached without any specific catalyst from within the Ethereum ecosystem.

The Oracle co-founder's planned sale would mark a dramatic departure from his decades-long strategy of holding shares and borrowing against them instead. Larry Ellison, the co-founder and chairman of Oracle, is planning to sell …

The Oracle co-founder's planned sale would mark a dramatic departure from his decades-long strategy of holding shares and borrowing against them instead. Larry Ellison, the co-founder and chairman of Oracle, is planning to sell up to $7.5 billion worth of his Oracle stock, a move that would roughly double the total amount he’s sold over the past decade and a half in a single transaction. A break from the playbook Ellison currently owns approximately 1.16 billion shares of Oracle, a stake that represents roughly 40-41% of the company. His preferred approach has long been what estate planners call “buy, borrow, die.” The logic is elegant in its tax efficiency: hold appreciating stock, pledge those shares as collateral for personal loans, and never trigger capital gains taxes by actually selling. When the owner eventually passes away, heirs inherit the shares at a stepped-up cost basis, and the tax bill vanishes like it never existed. Gloria See exactly what Buffett, Soros and Pershing Square are buying — then mirror the smart money in Gloria Finance. Follow the greats → To put the scale of this planned sale in context, Ellison’s cumulative Oracle stock sales since 2010 have totaled around $7.5 billion. In no single year did he sell more than $1 billion worth. A sale of this magnitude would effectively compress 15 years of selling activity into one concentrated move. The liquidity question One possible explanation lies in Ellison’s increasingly complex web of personal financial commitments. He has made personal guarantees supporting media deals totaling over $40 billion, a figure that raises obvious questions about how he’d cover potential liabilities without tapping his Oracle holdings. Advertisement Recent disclosures indicate that Ellison has already pledged between 277 million and 346 million of his Oracle shares as collateral. Oracle shares have been trading around $150 as of mid-September 2026, reflecting broader market anxiety about the pace of AI-related contract signings and enterprise cloud spending. For someone whose net worth peaked near $400 billion in 2025 before dropping by over $45 billion at various points, that volatility directly impacts borrowing power. Stepping back from the spotlight The planned sale comes at a time when Ellison has already been reducing his visible role in Oracle’s operations. He has stepped back from participating in the company’s earnings calls, a notable shift for someone who spent decades as the face of Oracle’s strategy and ambition. Ellison’s net worth remains enormous by any standard, but nearly all of it is tied up in Oracle shares. A sale of up to $7.5 billion, while large in absolute terms, represents roughly 6-7% of his total holding, assuming current price levels around $150 per share. What this means for Oracle investors For Oracle shareholders, the primary concern is straightforward: does the founder know something they don’t? Insider sales are common and often routine, but the scale here is anything but routine for Ellison. That said, the timing is uncomfortable. Oracle’s stock has been caught in a broader pullback tied to uncertainty around AI infrastructure spending and the cadence of large enterprise cloud contracts. The practical market impact will depend heavily on how the sale is structured. Ellison’s historical discipline around selling, never exceeding $1 billion in a single year, suggests he understands this dynamic well. Investors holding Oracle should watch not just the total sale amount but the tempo at which shares hit the market over the coming quarters.

Nvidia is reportedly negotiating to invest in Anthropic’s upcoming initial public offering (IPO), according to sources familiar with the matter. Anthropic, an AI startup known for its Claude chatbot and backed by major tech …

Nvidia is reportedly negotiating to invest in Anthropic’s upcoming initial public offering (IPO), according to sources familiar with the matter. Anthropic, an AI startup known for its Claude chatbot and backed by major tech firms like Google and Amazon, is seeking to raise up to $100 billion in an IPO that could value the company at around $2 trillion. This potential investment by Nvidia would deepen its existing strategic partnership with Anthropic, suggesting strong institutional backing for what could be a record-breaking public listing. The report suggests Nvidia’s continued commitment to Anthropic follows its previous announcement in November 2025 to invest up to $10 billion in the AI firm. This move appears to reinforce confidence in Anthropic’s strategic direction and its potential to secure a high valuation upon going public. Current market activity indicates expectations for a significant increase in Anthropic’s market cap, reflecting Nvidia’s possible investment as a positive indicator. Gloria See exactly what Buffett, Soros and Pershing Square are buying — then mirror the smart money in Gloria Finance. Follow the greats → Advertisement Market participants are closely monitoring these developments, with pricing movements in prediction markets suggesting increased confidence in a higher market cap for Anthropic at its IPO close. As the IPO date approaches, these discussions and the potential capital infusion by Nvidia could play a crucial role in shaping investor sentiment and market expectations. Key Takeaways Nvidia’s discussions to invest in Anthropic’s IPO appear to support a substantial public offering and strong institutional confidence. Market pricing suggests increasing expectations for a higher market cap at Anthropic’s IPO, consistent with recent developments. The potential Nvidia investment is seen as reinforcing Anthropic’s strategic growth and valuation prospects. What to Watch Market participants will be watching for any official announcements from Anthropic regarding its IPO pricing and date, as these could provide further clarity on the startup’s valuation trajectory. Additionally, any disclosures or guidance from Nvidia or Anthropic about their partnership could influence market sentiment. Regulatory filings and approvals by the U.S. Securities and Exchange Commission (SEC) will also be critical milestones to watch as Anthropic moves closer to its IPO. Get live prediction-market analysis, powered by Vera. Sign up for Vera.

The enterprise software giant is putting Clay Magouyrk and Mike Sicilia front and center while its legendary founder steps further into the background Oracle’s upcoming user conference in October will spotlight co-CEOs Clay Magouyrk …

The enterprise software giant is putting Clay Magouyrk and Mike Sicilia front and center while its legendary founder steps further into the background Oracle’s upcoming user conference in October will spotlight co-CEOs Clay Magouyrk and Mike Sicilia as the public faces of the company’s AI push. Conspicuously absent from the program: Larry Ellison, the billionaire founder who spent decades as Oracle’s most recognizable figure. The move completes a leadership transition that began in September 2025, when Magouyrk and Sicilia were elevated to the co-CEO roles, succeeding Safra Catz. 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 → The new guard takes the stage Magouyrk and Sicilia were named co-CEOs on September 22, 2025, each inheriting a distinct piece of Oracle’s business. Magouyrk oversees cloud infrastructure, including the AI workloads that have become Oracle’s most compelling growth story. His portfolio includes the relationship with OpenAI, one of the most closely watched partnerships in enterprise tech. Sicilia, meanwhile, runs the development of industry-specific applications and vertical AI solutions. Think healthcare, financial services, and other sectors where Oracle has long maintained deep enterprise relationships but now wants to layer on AI capabilities. Advertisement Catz, who led Oracle as sole CEO for years, transitioned to executive vice chair of the board. Ellison’s quiet fade Larry Ellison hasn’t vanished. He retains the titles of executive chairman and CTO, positions that theoretically keep him involved in Oracle’s strategic and technical direction. But his visibility has dropped sharply. Ellison has been absent from Oracle’s earnings calls throughout 2026. His omission from the user conference program suggests this isn’t a temporary scheduling conflict but a more permanent shift in how Oracle presents itself to the world. Ellison co-founded Oracle in 1977. He served as CEO until 2014, when Catz and the late Mark Hurd took over as co-CEOs. AI as the centerpiece The leadership change is inseparable from Oracle’s strategic pivot toward artificial intelligence infrastructure. The company has reported significant AI-related growth, positioning its cloud services as critical plumbing for enterprises racing to deploy AI workloads. During a Q1 earnings call in September 2026, Magouyrk discussed challenges with data center construction, specifically noting delays at a site in New Mexico that has been pushed back to February 2027. The partnership with OpenAI gives Oracle a high-profile reference customer that few competitors can match. What investors should watch A dual-CEO arrangement carries its own risks. Oracle’s version at least has the advantage of clear role delineation: Magouyrk handles infrastructure, Sicilia handles applications. The data center delays Magouyrk flagged are worth monitoring closely. A February 2027 completion date for the New Mexico site gives the market a concrete milestone to track.

The alternative asset manager is trimming mid-market receivables and supply-chain finance offerings while keeping the broader platform operational. Apollo Global Management is pulling the plug on certain invoice-financing products at its Eliant Trade Finance …

The alternative asset manager is trimming mid-market receivables and supply-chain finance offerings while keeping the broader platform operational. Apollo Global Management is pulling the plug on certain invoice-financing products at its Eliant Trade Finance platform, a strategic retreat driven by what sources describe as a difficult stretch for the inventory financing market. The wind-down, disclosed on September 11, specifically targets Eliant’s mid-market accounts receivable and supply-chain finance initiatives. The rest of the platform continues to operate. Gloria Flexible superpowers for every investor — best-in-class data, algorithms, and AI-powered research, together in Gloria Finance. Research smarter → What Eliant was built to do Eliant Trade Finance LP came together in January 2022 as a collaboration between Apollo, its insurance affiliate Athene, and French banking giant BNP Paribas. The premise was straightforward: purchase invoices and provide working capital solutions to businesses that traditional banks often underserve. The platform launched with $1.3 billion in signed programs. Athene and its European counterpart Athora handled the funding side, while BNP Paribas brought structuring and financing expertise to the table. Advertisement By 2025, Eliant reported $1.6 billion in new transactions spanning inventory, receivables, and supply chain financing. The platform also expanded its geographic footprint, appointing new leadership in 2024 to push into the Asia-Pacific region. Why the market shifted Apollo’s decision to wind down specific Eliant products stems from adverse market conditions in inventory financing rather than any operational failure at the platform itself. What stays and what goes The products being wound down are specifically the mid-market receivables and supply-chain finance offerings. Eliant’s other trade finance activities remain operational. What this signals for the broader market Traditional banks have been pulling back from trade finance for years, partly due to capital requirements under Basel regulations that make the business less profitable. Alternative lenders like Eliant were supposed to fill that gap. The $1.6 billion in new transactions Eliant reported for 2025 provides some baseline for gauging the platform’s scale. Losing the mid-market receivables and supply-chain finance components will meaningfully reduce that figure going forward, though the exact impact depends on how much of the transaction volume those specific products represented.

US-Iran Deal in 2026 In a recent statement, former U.S. President Donald Trump hinted at a potential shift in the U.S.’s approach to the ongoing conflict with Iran, suggesting that the situation could change …

US-Iran Deal in 2026 In a recent statement, former U.S. President Donald Trump hinted at a potential shift in the U.S.’s approach to the ongoing conflict with Iran, suggesting that the situation could change after the midterm elections. This remark comes amid a protracted conflict involving the U.S., Iran, and Israel, which began in February 2026 and remains unresolved. Trump’s comments imply a possible escalation or alteration in U.S. policy depending on the midterm election outcomes, raising questions about the future of diplomatic efforts with Iran. Market participants appear to interpret these developments as reducing the likelihood of a U.S.-Iran deal by year’s end. Advertisement Key Takeaways Trump’s statement appears to suggest a potential policy shift regarding Iran post-midterms, impacting the perceived likelihood of a deal. Market pricing suggests reduced optimism for a U.S.-Iran agreement in 2026, reflecting increased uncertainty. Ongoing military activities and the lack of a durable settlement continue to influence market perceptions. What to Watch Observers will be closely monitoring the midterm election results, as they may provide insight into the future U.S. stance towards Iran. Additionally, any changes in military or diplomatic activities involving the U.S., Iran, and Israel will be significant indicators. Markets will likely react to any developments that suggest either a de-escalation or intensification of the conflict, influencing the pricing of related prediction markets. Get live prediction-market analysis, powered by Vera. Sign up for Vera.

China Invasion of Taiwan Australia’s deepening military alliance with the United States has raised concerns about the potential for entanglement in a conflict with China, as reported by The Guardian. This strategic partnership, highlighted …

China Invasion of Taiwan Australia’s deepening military alliance with the United States has raised concerns about the potential for entanglement in a conflict with China, as reported by The Guardian. This strategic partnership, highlighted by increased U.S. military presence and logistical support in Australia, underscores the growing tension in the Indo-Pacific region. While Australia and China have restored diplomatic and economic ties, the 2026 defense strategy identifies China’s expanding influence as a critical factor in regional security dynamics. Although this alignment does not necessarily point to imminent conflict, it suggests preparations for potential military scenarios, including those involving Taiwan. Advertisement Key Takeaways The Guardian’s report suggests increased military alignment between Australia and the U.S., which could heighten regional tensions. Market pricing indicates a slight increase in perceived likelihood of a Chinese invasion of Taiwan, with recent movements reflecting this sentiment. The strategic landscape in the Indo-Pacific remains complex, with military readiness and diplomatic engagements both influencing market perceptions. What to Watch Observers should monitor any further military developments or strategic announcements from Australia, China, or the United States that could influence regional stability. Additionally, any escalatory actions or statements from Chinese or U.S. officials could impact market perceptions of the likelihood of conflict involving Taiwan. The integration of U.S. forces in Australia and any related diplomatic shifts will be key indicators of future regional dynamics. Get live prediction-market analysis, powered by Vera. Sign up for Vera.

The U.S. House Ways and Means Committee has scheduled a markup session for crypto tax rules on September 16, according to Bloomberg. This session will focus on deferring miner tax liabilities and extending wash-sale …

The U.S. House Ways and Means Committee has scheduled a markup session for crypto tax rules on September 16, according to Bloomberg. This session will focus on deferring miner tax liabilities and extending wash-sale restrictions to digital assets. The development is part of broader efforts to clarify digital asset taxation under current laws, marking a shift from discussion drafts to formal committee consideration. This potential regulatory change may influence market confidence and demand for cryptocurrencies, including Bitcoin. Advertisement Key Takeaways The U.S. House Ways and Means Committee appears to be moving forward with formal consideration of crypto tax regulations. Market pricing suggests participants view the markup as a potential positive regulatory shift, possibly boosting confidence in Bitcoin. Current Bitcoin price prediction markets reflect these developments, with some scenarios priced consistent with a regulatory-driven price increase. What to Watch Observers will be keen to see the outcomes of the September 16 markup session, as it could lead to significant shifts in digital asset taxation policy. Should the committee advance these proposals, it may indicate a supportive regulatory environment for cryptocurrencies. Markets are likely to monitor any congressional activities closely that could impact Bitcoin’s trajectory towards the $200,000 mark by the end of 2026. Get live prediction-market analysis, powered by Vera. Sign up for Vera.

Russia cities entry by December 31, 2026 Russian President Vladimir Putin has issued a warning to Europe regarding the potential deployment of troops to Ukraine, suggesting that such actions could lead to a direct …

Russia cities entry by December 31, 2026 Russian President Vladimir Putin has issued a warning to Europe regarding the potential deployment of troops to Ukraine, suggesting that such actions could lead to a direct conflict with Russia. Despite the warning, Putin stated that Moscow does not pose a threat to the continent. This development comes amid ongoing hostilities between Russia and Ukraine, with Russia continuing its military operations in Ukrainian territory, which it partially occupies. The warning has introduced the possibility of escalating the conflict from a bilateral war to a confrontation involving NATO. Advertisement Key Takeaways Putin’s warning appears to have heightened concerns about direct military conflict between Russia and European nations, potentially influencing market expectations for increased Russian military activity in Ukraine. Market pricing suggests a significant impact on scenarios where Russia might enter additional Ukrainian cities, with a particular focus on cities like Sloviansk and Kramatorsk. The potential for a broader conflict involving NATO appears to have pushed odds higher in markets tracking Russian military movements in Ukraine. What to Watch Observers will be closely monitoring any indications of troop movements or military build-up by Russia near Ukrainian territories. Reports of increased NATO military support to Ukraine or diplomatic efforts towards a ceasefire could alter current market expectations. Additionally, any official announcements from Moscow regarding territorial objectives or military successes may further influence market dynamics. Markets will likely respond to developments suggesting either de-escalation or further escalation in the conflict. Get live prediction-market analysis, powered by Vera. Sign up for Vera.