Actualités financières en direct

The Base-native decentralized exchange now handles more than half of all onchain FX spot trading, powered by a liquidity model that gives every dollar of revenue back to its community. One decentralized exchange on …

The Base-native decentralized exchange now handles more than half of all onchain FX spot trading, powered by a liquidity model that gives every dollar of revenue back to its community. One decentralized exchange on Coinbase’s Base network is now processing more Bitcoin spot FX volume than every other onchain DEX combined. Aerodrome, the ve(3,3) liquidity hub that launched in August 2023, crossed $2 billion in spot FX volume by June 2026, capturing roughly half of all onchain FX activity for the year to date. In Q2 2026, Aerodrome accounted for over 50% of all onchain FX spot trading volume, meaning it didn’t just lead the pack. It beat the rest of the field put together. Gloria Own any of the names in this story? See what today's moves actually do to your portfolio. Open in Gloria → The numbers behind the dominance By July 2026, Aerodrome’s cumulative trading volume had surpassed $400 billion. During July specifically, Aerodrome captured 54% of BTC-USD spot volume across all EVM-compatible decentralized exchanges. On its home chain, Aerodrome consistently maintains between 50% and 63% of all DEX volume on Base, largely powered by Slipstream, its concentrated liquidity engine. Advertisement Uniswap recorded around 34% of onchain FX volume during Q2 2026. Why the liquidity keeps concentrating The protocol uses a ve(3,3) vote-escrow model, a mechanism where token holders lock their AERO governance tokens in exchange for voting power over how liquidity incentives get distributed. Holders who lock tokens (becoming veAERO voters) get to direct emissions toward specific trading pairs. The pairs that attract the most votes get the deepest liquidity, which attracts the most volume, which generates the most fees, which makes voting for those pairs more attractive. The news moving money, markets, and the world—before your day starts. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. Aerodrome operates what it calls a “zero-leak economy,” directing 100% of protocol revenue to liquidity providers and veAERO voters. No treasury take. No protocol fee siphoned off to a foundation. Every basis point of trading fees goes to the people providing capital or governing the system. Base as the backbone Aerodrome’s rise is inseparable from the growth of Base itself. Launching on Base in August 2023 gave Aerodrome a first-mover advantage on a chain backed by one of crypto’s largest companies. The concentrated liquidity model, Slipstream, lets liquidity providers focus their capital around the prices where trading actually happens, rather than spreading capital evenly across all possible price ranges the way traditional automated market makers do.

The Petroline shutdown forces Riyadh to rely on the very chokepoint it spent decades trying to avoid, sending Brent crude above $100 per barrel. Saudi Arabia is funneling crude oil shipments through the Strait …

The Petroline shutdown forces Riyadh to rely on the very chokepoint it spent decades trying to avoid, sending Brent crude above $100 per barrel. Saudi Arabia is funneling crude oil shipments through the Strait of Hormuz after drone strikes knocked out its primary alternative export route, the East-West Crude Oil Pipeline known as Petroline. The pipeline, which stretches 1,200 km from eastern oil fields to the Red Sea port of Yanbu, was shut down on September 10 following attacks on pumping stations in the Riyadh and Medina regions. What happened and why it matters Saudi officials attributed the strikes to drones launched from Iraq’s Maysan province. Rather than retaliating immediately, the kingdom said it was respecting a request from Iraq’s prime minister for time to address the situation domestically. Satellite imagery confirmed major damage, including fires at pumping stations along the route. Gloria See what insiders and Congress are actually buying. Gloria Finance surfaces the moves worth a second look. Follow the money → Before the attack, the Petroline was moving 4 to 5 million barrels per day. That represents roughly 4% to 5% of global oil supply flowing through a single piece of infrastructure. Its design capacity is even higher, at up to 7 million bpd. Advertisement Repair estimates range from three to six weeks. Storage capacity at the Yanbu port, the pipeline’s western terminus, can only sustain five to seven days of exports at current consumption rates. Brent crude responded the way you’d expect. Prices surged into the $105 to $110 per barrel range by September 14, crossing the psychologically significant $100 threshold for the first time in this cycle. The news moving money, markets, and the world—before your day starts. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. A supply picture that was already ugly Saudi crude exports had already fallen to a 13-year low of 3.2 million bpd in August, the result of multiple overlapping disruptions that have squeezed the kingdom’s ability to get oil to market. The Strait of Hormuz itself has been anything but calm. Escalating tensions involving the US, Israel, and Iran have created recurring friction in the waterway since late February. About a fifth of the world’s petroleum passes through that 21-mile-wide gap between Oman and Iran on any given day. Market and geopolitical fallout Saudi Arabia’s decision to hold off on retaliation adds a diplomatic dimension worth watching. The restraint buys Iraq’s government time but also creates an implicit deadline. The repair timeline is the single most important variable for energy markets over the next month. Every additional week the Petroline stays offline compounds the pressure on Hormuz transit and tests the limits of Yanbu’s five to seven days of storage capacity.

Standard Bank strategist Steven Barrow sees 10-year yields climbing to 5.2% by year-end, with more pain ahead in early 2027 Steven Barrow, G10 strategist at Standard Bank, just raised his year-end forecast for the …

Standard Bank strategist Steven Barrow sees 10-year yields climbing to 5.2% by year-end, with more pain ahead in early 2027 Steven Barrow, G10 strategist at Standard Bank, just raised his year-end forecast for the 10-year US Treasury yield to 5.2%. That’s up from an already aggressive 5% call he made earlier in the year, and he’s not stopping there: Barrow expects yields to push to 5.3% in the first quarter of 2027. On September 14, the 10-year yield hit an intraday high of 5.01%, punching through the round-number barrier that markets have been nervously watching for months. The last time this yield closed above 5% was back in 2007, with only a brief spike in October 2023 offering a taste of what was to come. Gloria One app, one screen — every morning, Gloria Finance briefs you on what happened and how it affected your portfolio. Read your brief → Why yields are climbing Brent crude prices have been hovering between $108 and $111 per barrel, fueled by supply concerns related to tensions with Iran. August’s Consumer Price Index came in at 3.4% annualized. Add in robust economic growth, increased Treasury supply hitting the market, and persistent fiscal deficits, and you get the ingredients for a yield environment that makes 5% look less like a ceiling and more like a floor. Advertisement Barrow isn’t the only strategist seeing higher yields ahead. Tracy Chen and Ian Lyngen have both signaled that yields could exceed 5% in the medium term, citing continued supply-side inflation and prolonged policy lags. The 5% threshold matters more than you think Mortgage rates key off this benchmark. So does corporate borrowing. When the risk-free rate sits above 5%, every other form of debt has to offer even more to attract capital. That means higher monthly payments for homebuyers, more expensive debt for companies looking to expand, and larger interest bills for a US government already running substantial deficits. Macro, rates, and crypto—what moved markets and what matters next. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. What Barrow’s call means for portfolios Barrow’s forecast stands out because it’s notably more bearish than many of his peers. While several Wall Street strategists have issued lower year-end targets for yields, Barrow’s view reflects a conviction that the inflationary forces driving the bond selloff aren’t going away anytime soon. For fixed-income investors, the rising yield environment creates an interesting paradox. Existing bondholders are watching the market value of their holdings decline, since bond prices move inversely to yields. But new buyers can lock in rates that haven’t been available in nearly two decades. The housing market, already grappling with affordability issues, stands to feel the pinch most directly. Mortgage rates track the 10-year yield closely, and a sustained move above 5% on the benchmark would push 30-year mortgage rates even further from the levels that fueled the pandemic-era housing boom. The divergence between Barrow and more dovish forecasters essentially boils down to a question about inflation’s staying power. If price pressures moderate and the Fed can begin easing, yields could retreat from current levels. If Barrow is right and inflation proves stickier than consensus expects, the bond market’s rough stretch is far from over, and 5.2% might end up being the conservative call.

The two exchanges are teaming up on settlement modernization, extended trading hours, and ETF development through a new joint collaboration council. The New York Stock Exchange and the Korea Exchange just formalized a partnership …

The two exchanges are teaming up on settlement modernization, extended trading hours, and ETF development through a new joint collaboration council. The New York Stock Exchange and the Korea Exchange just formalized a partnership that could reshape how global investors access South Korean capital markets. The two signed a memorandum of understanding on September 3 in New York, covering everything from faster settlement cycles to longer trading windows. What the deal actually covers The MOU lays out collaboration across several operational areas. The headline item is settlement cycle modernization, with both exchanges expressing interest in moving toward T+1 settlement. That means trades would settle within one business day rather than the current longer windows. The US already moved to T+1 settlement, and Korea’s interest in following suit signals alignment with global best practices. Gloria Wall Street's edge, now anyone's — Gloria Finance is your agentic-AI investment research terminal. Get the edge → Extended trading hours are another major pillar. The agreement also targets ETF development and market data sharing. Cross-listed or jointly developed ETF products could give investors on both sides of the Pacific more efficient exposure to each other’s markets. Index products built on shared data infrastructure could follow. Advertisement To actually execute on any of this, the two exchanges plan to establish a NYSE-KRX Joint Collaboration Council. No specific timelines have been attached to any of the planned changes, which suggests both sides are prioritizing getting the framework right over rushing to announce flashy product launches. Why this matters now This isn’t the first time these two exchanges have shaken hands. They signed an earlier MOU back in 2004, but that agreement was lighter on substance. The 2026 version is notably more ambitious in scope, focusing on operational infrastructure and post-trade efficiencies rather than just symbolic cooperation. The news moving money, markets, and the world—before your day starts. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. The timing is deliberate. KRX Chairman and CEO Jeong Eun-bo recently completed a Global Roadshow with BofA Securities, presenting South Korean capital market reforms to approximately 30 institutional investors. That roadshow was essentially a sales pitch: here’s what Korea is doing to make its markets more attractive, now here’s a concrete partnership with the world’s largest stock exchange to back it up. For the NYSE, operated by Intercontinental Exchange, the deal extends its influence as a global market infrastructure partner. Implications for investors and the competitive landscape The cautious approach, no hard timelines, no immediate product announcements, is actually the smart play here. The establishment of a formal Joint Collaboration Council suggests this is meant to be more than a photo opportunity. What investors should watch for next: any concrete announcements from the Joint Collaboration Council on pilot programs for extended hours or T+1 settlement testing.

Opposition to the CLARITY Act widened on Sept. 14 as banks, Democrats, state attorneys general and developer advocates rejected key compromises. The backlash came hours after Senate Republicans released what they described as their …

Opposition to the CLARITY Act widened on Sept. 14 as banks, Democrats, state attorneys general and developer advocates rejected key compromises. The backlash came hours after Senate Republicans released what they described as their final version of the landma… Opposition to the CLARITY Act widened on Sept. 14 as banks, Democrats, state attorneys general and developer advocates rejected key compromises. The backlash came hours after Senate Republicans rele…

By Doina Chiacu and Michelle Price WASHINGTON, Sept 14 (Reuters) - U.S. Senate Republicans on Sunday released a revised draft of major cryptocurrency legislation that they said addressed Democrats' concerns over ethics provisions and …

By Doina Chiacu and Michelle Price WASHINGTON, Sept 14 (Reuters) - U.S. Senate Republicans on Sunday released a revised draft of major cryptocurrency legislation that they said addressed Democrats' concerns over ethics provisions and banking industry worries … By Doina Chiacu and Michelle PriceWASHINGTON, Sept 14 (Reuters) - U.S. Senate Republicans on Sunday released a revised draft of major cryptocurrency legislation that they said addressed Democrats' co…

The American Reserve Modernization Act would lock up government-held Bitcoin for 20 years and require quarterly third-party audits The House Financial Services Committee will take up H.R. 8957, the American Reserve Modernization Act of …

The American Reserve Modernization Act would lock up government-held Bitcoin for 20 years and require quarterly third-party audits The House Financial Services Committee will take up H.R. 8957, the American Reserve Modernization Act of 2026, on Wednesday, September 16. The bill would codify a Strategic Bitcoin Reserve managed by the Treasury Department, turning what started as an executive order into binding federal law. What’s actually in the bill The legislation, introduced by Rep. Nick Begich (R-AK) on May 21, 2026, carries more than 20 co-sponsors, including Democratic Rep. Jared Golden of Maine. Gloria Thousands of headlines moved markets today. Gloria Finance shows you the three that matter most to your portfolio. See what matters → At its core, ARMA would impose a mandatory 20-year lockup on all Bitcoin held in the reserve. No trades, no swaps, no sales. The bill also mandates quarterly proof-of-reserve reports conducted by third-party auditors. Advertisement Within 180 days of the bill’s enactment, the Treasury would need to establish secure storage infrastructure for the Bitcoin holdings. The reserve would primarily consist of Bitcoin already seized through criminal and civil forfeitures, meaning no new market purchases and no fresh taxpayer dollars. Notably, the bill also creates a separate category called the Digital Asset Stockpile for non-Bitcoin digital assets. The news moving money, markets, and the world—before your day starts. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. From executive order to legislation ARMA builds on a March 2025 executive order from President Trump that initiated the consolidation of Bitcoin seized by federal agencies into a single reserve. That order prohibited the sale of those holdings for 20 years, establishing the basic framework that this bill now seeks to enshrine in statute. Texas recently established an advisory committee focused on Bitcoin reserves, and several other states have explored similar frameworks. ARMA essentially aligns federal policy with what’s already percolating in state capitals. What this means for markets The 20-year lockup provision is particularly significant for supply dynamics. By legally prohibiting the government from selling its Bitcoin holdings for two decades, the bill effectively removes those coins from circulating supply. For an asset with a hard cap of 21 million coins, taking a meaningful chunk off the table for a generation has real implications for scarcity calculations. The prohibition on new market purchases means the government won’t be a buyer competing with institutional and retail investors, and it removes the political risk of taxpayer money being used to buy a volatile asset. The creation of a separate Digital Asset Stockpile for non-Bitcoin assets implicitly acknowledges that the government holds seized tokens beyond Bitcoin, and that those assets need their own governance framework. Wednesday’s markup is a committee-level event, not a final vote. The bill would still need to pass the full House, survive Senate consideration, and reach the president’s desk.

Mitch McConnell, the senior Republican senator from Kentucky, is expected to return to the Senate this week, according to Politico. McConnell has been absent since June following a fall and subsequent health issues, including …

Mitch McConnell, the senior Republican senator from Kentucky, is expected to return to the Senate this week, according to Politico. McConnell has been absent since June following a fall and subsequent health issues, including pneumonia. His anticipated return comes after his office previously stated he was recovering at home without a confirmed return date. This development suggests that McConnell’s health is improving, which may affect market expectations regarding his potential resignation before his term ends. Advertisement The prediction market focused on whether Mitch McConnell will step down from the Senate before his term ends reflects a decrease in the perceived likelihood of his resignation. The current odds for McConnell resigning before January 3, 2027, are at 17.5% YES, down slightly from a week ago. This shift indicates that market participants may view McConnell’s expected return to the Senate as reducing the probability of an early resignation. Key Takeaways McConnell’s anticipated return appears to reduce the likelihood of his resignation before his term ends. The market pricing for McConnell stepping down shows a decrease in YES outcome probability. Participants may interpret McConnell’s return as indicative of his recovery and continued service. What to Watch Observers will closely monitor McConnell’s presence and activity in the Senate upon his return. An official statement from McConnell or his office regarding his health status could further influence market expectations. Additionally, any developments related to McConnell’s capacity to fulfill his duties may continue to affect predictions about his potential resignation. Markets will also be attentive to any further health updates or official announcements from relevant Senate or Kentucky officials. Get live prediction-market analysis, powered by Vera. Sign up for Vera.

The milestone signals growing institutional appetite for crypto trading infrastructure that separates execution from custody, mirroring traditional finance plumbing. Institutional clients have now pushed more than $2 billion in cumulative notional volume through CROSSx, …

The milestone signals growing institutional appetite for crypto trading infrastructure that separates execution from custody, mirroring traditional finance plumbing. Institutional clients have now pushed more than $2 billion in cumulative notional volume through CROSSx, Crossover Markets’ electronic communication network, with all of it cleared via BitGo’s Go Network. What CROSSx and Go Network actually do CROSSx is Crossover Markets’ execution-only ECN, meaning it matches buyers and sellers without ever touching client assets. The platform operates at single-digit microsecond latency, which puts it in the same speed tier as the infrastructure powering traditional equities venues. Trades are anonymous at the point of execution, a feature institutions tend to value highly when moving large blocks of digital assets. 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 → BitGo’s Go Network handles the other side: acting as a central counterparty for net settlement while assets remain in regulated custody. Assets stay in BitGo’s custody throughout the process, which dramatically reduces the counterparty risk that has historically made institutional treasurers break out in hives at the mention of crypto trading. Advertisement Adam Sporn, BitGo’s Head of Prime Brokerage, framed the $2 billion figure as evidence of sustained institutional demand for infrastructure that prioritizes risk management and operational efficiency. Crossover’s growth trajectory The partnership between Crossover Markets and BitGo has been live since around April 2025, meaning the $2 billion milestone was reached in roughly 17 months. The company reported nearly $5 billion in matched volumes in the year prior to this announcement, suggesting that a significant share of its institutional flow is now routing through the BitGo settlement layer. The news moving money, markets, and the world—before your day starts. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. In May 2026, the company launched CROSSx Disclosed, a platform designed for relationship-based trading. Unlike the anonymous matching on the core ECN, Disclosed connects traders directly with over 30 market makers and uses net settlement through BitGo Prime. Crossover closed a $31 million Series B round in March 2026, led by Tradeweb, the fixed-income trading giant that processes trillions in notional volume annually. Ripple and Virtu Financial also participated. The round valued Crossover at $200 million. Why institutions care about separating execution and custody The collapse of FTX in late 2022 left a scar on institutional crypto adoption that still hasn’t fully healed. When a single entity controls trade execution, asset custody, and settlement, the failure of that entity means clients lose everything simultaneously. The entire value proposition of platforms like CROSSx paired with Go Network is that no single point of failure can wipe out a client’s position, their assets, and their settlement pathway all at once. Off-exchange settlement also solves a practical problem around capital efficiency. When institutions have to pre-fund exchange accounts to trade, they’re locking up capital that could be deployed elsewhere. Net settlement through a trusted custodian means firms can trade throughout the day and only move the net difference at settlement time.

Bitcoin’s price rose toward $80,000 after US President Donald Trump hinted that the US-Iran war would end, pushing oil prices lower. Bitcoin (BTC) returned to $79,000 after Monday’s Wall Street open as markets dissected …

Bitcoin’s price rose toward $80,000 after US President Donald Trump hinted that the US-Iran war would end, pushing oil prices lower. Bitcoin (BTC) returned to $79,000 after Monday’s Wall Street open as markets dissected mixed signals over the US-Iran war. Key points: Bitcoin rises above $79,000 as oil prices fall after US President Donald Trump suggests the Iran war could be nearing an end. Markets raise the odds of a 25-basis-point Federal Reserve rate hike to more than 90%. Bitcoin tests its 50-week exponential moving average after closing below the key trend line on Sunday. Bitcoin gains as Trump references end to Iran war Data from TradingView showed BTC/USD erasing its weekend losses and gaining around 3% on the day. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Crypto saw fresh upside as US President Donald Trump boosted prospects of a peace deal with Iran. “The failing Nation of Iran wants to make a deal, quickly and badly. I will determine whether or not the U.S.A. will choose to engage - The concept of which we are open to,” he wrote in a post on Truth Social. US equities initially gained at Monday’s Wall Street open but subsequently turned red amid ongoing uncertainty over the fate of key oil-transit routes in the Middle East. The S&P 500 was down 0.3% at the time of writing. In addition to the Strait of Hormuz, both Saudi Arabia’s East-West pipeline and the Bab El-Mandeb Strait were under threat as the conflict expanded beyond Iran. US WTI crude oil remained above $100 per barrel at the time of writing, while Brent crude traded at $105 per barrel. CFDs on WTI crude oil one-day chart. Source: Cointelegraph/TradingView Trump later doubled down on his prediction of lower oil prices while also alluding to an end to the Iran conflict, causing oil prices to dip. “With the temporary exception of Oil, prices are coming down sharply, and Oil will drop like a rock as soon as the Military Conflict with Iran is over, and that will not be long,” a separate Truth Social post read. The latest data from CME Group’s FedWatch Tool puts the odds of a hike at 92.7%, up from 59.4% a week ago. Fed target rate probability comparison for Sept. 16 FOMC meeting (screenshot). Source: CME Group Commenting on the developments, trading company QCP Capital predicted that continued high oil prices would directly impact US financial policy. The Federal Reserve will announce its latest decision on interest-rate changes on Wednesday, with markets predicting a 25-basis-point hike to 3.75-4%. “A prolonged disruption would increase the risk of higher energy costs feeding into transport and logistics pricing, potentially lifting inflation expectations and constraining the Fed’s ability to pause tightening even as growth slows,” QCP wrote on Monday, adding: “This dynamic creates policy tension: continued energy prices could keep the Fed restrictive, while economic data weakness from higher energy costs could argue for patience.” Focus shifts to Fed wording around interest-rate move Discussing the implications of the week’s Fed decision for BTC price action, QCP argued that risk assets had already priced in a 0.25% hike, with less volatility expected as a result. Related: CLARITY Act vote meets Fed rate hike: Five things to know in Bitcoin this week An overall muted response to last week’s Consumer Price Index (CPI) inflation data, it argued, means that Fed officials’ language now mattered more than the decision itself. “This containment reflects a shift in focus: the binary question of whether the Fed will hike has been answered; the critical issue for positioning is now how policymakers frame the move and what it signals about the path ahead,” it wrote. BTC/USD returned above its 50-week exponential moving average (EMA) at $77,430 on Monday after initially closing the weekly candle below it. As Cointelegraph reported, the 50-week EMA represents a key support target for Bitcoin bulls to reclaim as part of a bull-market comeback.