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Binance-linked BNB Chain is rapidly carving out a bigger role in the real-world asset (RWA) sector as more capital flows into tokenized financial products. The network’s expanding infrastructure and growing adoption have fueled a …

Binance-linked BNB Chain is rapidly carving out a bigger role in the real-world asset (RWA) sector as more capital flows into tokenized financial products. The network’s expanding infrastructure and growing adoption have fueled a sharp increase in RWA activity, allowing it to post stronger value growth than established competitors such as Solana and Ethereum. BNB Chain Posts Whopping $3.6 Billion RWA Growth Surge Recent CryptoRank data indicates that BNB Chain has emerged as the fastest-growing blockchain for real-world assets in 2026, recording the largest increase in RWA value among major networks so far this year. Building on this strong momentum, BNB Chain has surpassed Solana in RWA value growth, adding an impressive $3.6 billion so far in 2026. BNB Chain emerged as the clear leader in RWA value growth among major blockchain networks, underscoring its rapidly expanding presence in the tokenized assets market and growing user adoption throughout 2026. BNB Chain is an EVM-compatible blockchain developed within the Binance ecosystem, designed to support decentralized applications with high throughput, scalability, and relatively low transaction costs. Solana followed in second place with a $2.6 billion increase in RWA value, while Stellar ranked third after adding $2.5 billion over the same period. By comparison, Ethereum posted a much smaller increase in RWA value over the same period, adding approximately $1.6 billion. This placed it well behind BNB Chain’s $3.6B expansion. The data thus places Ethereum fourth in RWA value growth, even as the network continues to command the largest overall share of the RWA market. Could BNB’s RWA Dominance Trigger Its Next Rally? Ethereum remains the dominant blockchain for institutional tokenization and DeFi activity. However, the aforementioned RWA data suggests BNB Chain is rapidly strengthening its position in the sector, with the network recording the largest RWA value growth among major blockchains so far in 2026. Its $3.6 billion increase highlights rising demand for tokenized assets across its ecosystem. The strong RWA expansion could provide an additional catalyst for BNB as investors increasingly focus on the network’s growing utility. The influx of tokenized assets, rising user participation, and expanding institutional activity point to stronger fundamentals for the BNB Chain ecosystem. If this momentum translates into sustained network activity and demand for BNB, the token could be positioned for a broader recovery. From a price perspective, BNB’s ability to hold key support levels will remain important. Sustained buying pressure could strengthen the bullish setup and potentially open the door to higher levels around the $720 to $730 zone. However, those targets remain dependent on broader market conditions and continued buyer momentum.

Amidst the ongoing price appreciation of ZCash (ZEC), the privacy coin’s miners are also experiencing a major redemption arc. ZEC mining is currently significantly more profitable than Bitcoin mining, especially at the individual level, …

Amidst the ongoing price appreciation of ZCash (ZEC), the privacy coin’s miners are also experiencing a major redemption arc. ZEC mining is currently significantly more profitable than Bitcoin mining, especially at the individual level, according to a recent analysis by Grayscale and a few other reporting agencies. Grayscale tweeted: Image Source: X Zach Pandl, Grayscale’s current head of research, pointed out that BTC miners pocket around $35 million of crypto daily, compared to just $2 million for ZCash miners. However, the former has tens of billions of dollars in hardware and real estate investments and needs access to cheap electricity to operate effectively. ZCash, on the other hand, is a much smaller network with a hashrate a fraction of BTC’s. Despite that, Zcash mining rewards are currently around 2x higher per mining rig and roughly four times higher per megawatt-hour (MWh) than Bitcoin, Grayscale points out. The Experiment The test was carried out using the latest mining hardware, Bitmain S23 Hydro for BTC and Bitmain Z15 Pro for Zcash, and was conducted on September 9, 2026. The results showed that ZEC is currently much more profitable to mine, especially after the latest price increase. However, the privacy coin’s advantages didn’t stop there, as in some instances its returns were better than returns available from certain artificial intelligence and high-performance computing cloud services. “At current valuations, Zcash mining can be highly profitable. This is encouraging more mining activity, which in turn supports network security,” Pandl stated. Both ZCash and BTC use Proof of Work (PoW) algorithms for mining, an old-school yet effective way to secure a crypto network. Both are energy-intensive systems, and if ZEC can scale effectively, it might face the same criticism as BTC has done over the years. In comparison, most other networks like Ethereum, Solana, and others have moved to a Proof of Stake (PoS) mining approach that uses less energy but is not nearly as effective. The Future Zcash’s recent success has once again propelled it into the spotlight. It is a privacy-focused cryptocurrency that is banned in most countries, and according to its users, it is doing what BTC was supposed to do but was ultimately taken over by mining corporations. ZEC recently went past $1,000 in a major move that has drummed up interest in the token. However, Zcash has had a turbulent last year or so. It tends to show volatile price movements, sparking discussion before eventually undergoing a major price squeeze that traps buyers on the wrong side of the equation. Investors are advised to stay vigilant and keep the bigger picture in mind, rather than treating it as a get-rich-quick scheme.

After launching tokenized US stocks in August, Coinbase's Layer-2 network is now calling on builders to bring hard-to-access local stock markets onchain. Coinbase’s Layer-2 network Base has issued an open call to builders and …

After launching tokenized US stocks in August, Coinbase's Layer-2 network is now calling on builders to bring hard-to-access local stock markets onchain. Coinbase’s Layer-2 network Base has issued an open call to builders and projects working on tokenizing local stock markets, specifically targeting equities that are difficult to access from outside their home countries. The initiative extends the network’s ambitions well beyond the US equities it launched in August, aiming to create a global, composable layer for stock market access. From US stocks to global equities The new push builds on Base’s launch of tokenized US equities on August 24, 2026. That initial rollout brought shares of Nvidia, Apple, Meta, and Alphabet onchain, backed 1:1 by real shares custodied at Alpaca under Abu Dhabi Global Market (ADGM) regulation. The tokens were issued natively on Base using the B20 standard, which enables 24/7 trading, dividend management, and full composability with DeFi protocols. 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 → Approximately $4.5 million was minted on day one, and cumulative trading volume reached into the hundreds of millions shortly after. By early September 2026, the offering had expanded to include Amazon, Tesla, and Microsoft. Advertisement Base’s “Request for Builders” post targets projects working on neobrokerages, local-market integrations, and onramps for emerging markets. The specific ask is for teams that can tokenize equities from stock markets that are notoriously difficult for foreign investors to access. Why emerging markets are the real target In many emerging markets, buying US equities involves hefty transaction fees, currency conversion costs, and logistical barriers that price out the average investor. Base’s existing US equity tokens were designed to solve exactly that problem. 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. Base’s builder request specifically mentions the importance of local onramps and stablecoin integrations. The B20 standard restricts minting and redemption to authorized participants, creating a structure similar to how ETFs work in traditional finance. Market makers and authorized entities handle the creation and destruction of tokens, while retail users trade the resulting assets freely on secondary markets. The regulatory guardrails The existing tokenized US equities on Base are available only to eligible non-US persons, operating under Regulation S. American investors are explicitly excluded from participation. The ADGM regulatory framework that governs the current US equity tokens provides one model. Abu Dhabi’s financial free zone has positioned itself as a crypto-friendly jurisdiction with clear rules for digital asset issuance, and it has become a popular domicile for projects that need regulatory legitimacy without the burden of navigating US securities law. What this means for DeFi and traditional markets Tokenized equities that live on Base can be used as collateral in lending protocols, traded in automated market makers, bundled into index products, or paired with stablecoins in liquidity pools. Base’s decision to crowdsource this effort through a builder program rather than attempting it internally reflects the coordination challenge of maintaining 1:1 backing and regulatory compliance across multiple jurisdictions.

Fed Decisions from July to October The Federal Reserve has reiterated its commitment to a 2% inflation target, despite consumer prices rising at an annualized rate of 4% since January 2020. This discrepancy has …

Fed Decisions from July to October The Federal Reserve has reiterated its commitment to a 2% inflation target, despite consumer prices rising at an annualized rate of 4% since January 2020. This discrepancy has prompted discussions about potential interest rate hikes to restore price stability. The Fed’s current federal funds target range is between 3.50% and 3.75%, following the most recent FOMC meeting. Markets are closely observing these developments, particularly in light of recent inflation data showing PCE inflation at 3.7% and CPI at 3.4%, both above the Fed’s target. This has led to speculation that the Fed may need to take further action to curb inflationary pressures. Advertisement Key Takeaways The Fed’s reaffirmation of a 2% inflation target appears to suggest potential rate hikes, as current inflation rates significantly exceed this target. Market pricing suggests a decrease in the likelihood of rate cuts in upcoming meetings, consistent with the Fed’s stance on inflation control. Recent inflation data showing rates above the Fed’s target may indicate continued restrictive monetary policy rather than a shift towards a neutral stance. What to Watch The next Federal Reserve meetings and any statements from Chair Kevin Warsh or other officials will be critical in determining future policy direction. Markets will be attentive to September’s FOMC Dot Plot and any projections on rate cuts for late 2026. Observers will also monitor upcoming inflation reports and labor market data, as these could influence the Fed’s approach to meeting its inflation target. Changes in these indicators could be consistent with either maintaining or altering the current monetary policy trajectory. Get live prediction-market analysis, powered by Vera. Sign up for Vera.

The rideshare company's first major autonomous vehicle deployment lets riders hail Waymo cars through the Lyft app, challenging Uber's head start in the space. Lyft is officially in the robotaxi business. The rideshare company …

The rideshare company's first major autonomous vehicle deployment lets riders hail Waymo cars through the Lyft app, challenging Uber's head start in the space. Lyft is officially in the robotaxi business. The rideshare company has partnered with Alphabet’s Waymo to deploy autonomous vehicles in Nashville, creating the first market where Waymo’s self-driving fleet can be hailed through both the Waymo One and Lyft apps simultaneously. The service went live on September 9, 2026, covering core Nashville neighborhoods including Downtown/Broadway, North Nashville/Germantown, East Nashville, Midtown, and South Nashville. Riders can choose from multiple service tiers: Standard, Priority Pickup, Wait & Save, and Extra Comfort. Gloria Thousands of headlines moved markets today. Gloria Finance shows you the three that matter most to your portfolio. See what matters → How the dual-app model works Waymo’s fleet of Jaguar I-Pace electric vehicles will be dynamically dispatched based on demand across both the Waymo and Lyft platforms. By pulling demand from two separate rider pools, Waymo and Lyft can theoretically keep utilization rates higher than either app could manage alone. Advertisement Lyft’s subsidiary Flexdrive will handle the behind-the-scenes work from a new 80,000-square-foot operations depot set to open in October 2026. The facility will manage fleet maintenance, charging, and cleaning. Lyft says many of the technicians staffing the depot are former Lyft drivers. The competitive chess match with Uber This deal positions Lyft squarely against Uber in the autonomous vehicle space, where Uber has been building its own Waymo relationships across multiple cities. Waymo already operates in Phoenix, Atlanta, Austin, Los Angeles, and San Francisco, with Uber serving as a partner in several of those markets. AI, tech, and the markets they move—in one daily briefing. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. The Lyft-Waymo arrangement is non-exclusive, which means Waymo could theoretically add Uber as another dispatch channel in Nashville later. But for now, Lyft has the distinction of being the only rideshare partner in the city. The partnership traces its roots back to 2017, when Lyft and Waymo first established a non-exclusive agreement. Lyft sold its autonomous vehicle division to Toyota’s Woven Planet in 2021 for $550 million, effectively exiting the self-driving development game. What investors are watching When the partnership was first announced on September 17, 2025, Lyft’s stock jumped between 10% and 16%. Human drivers are Lyft’s largest cost center, and autonomous vehicles reduce per-ride marginal costs once the fleet is deployed. For Lyft, which doesn’t have to bear the cost of developing the self-driving technology itself, the economics could be even more favorable. Nashville is Lyft’s second autonomous vehicle market, following a pilot program with May Mobility in Atlanta. Lyft executives have signaled that the Nashville model could be replicated in other cities. The risk for Lyft is dependency: the Lyft-Waymo arrangement is non-exclusive, and Lyft’s lack of proprietary self-driving technology means it relies on a subsidiary of Alphabet to keep the arrangement mutually beneficial.

The Claude AI maker files its S-1 and sets sights on an October debut that could rank among the largest public offerings in history. Anthropic has chosen Nasdaq as the exchange for its upcoming …

The Claude AI maker files its S-1 and sets sights on an October debut that could rank among the largest public offerings in history. Anthropic has chosen Nasdaq as the exchange for its upcoming IPO, confirming what Wall Street had been quietly expecting for months. The company filed a draft S-1 registration statement with the SEC on June 1, 2026, kicking off a process that could redefine the scale at which AI companies enter public markets. The target listing window is October 2026, with the roadshow potentially beginning in mid-October. The company is reportedly aiming to complete the offering before the November US midterm elections, giving underwriters a tight but workable runway. Gloria Own any of the names in this story? See what today's moves actually do to your portfolio. Open in Gloria → Numbers that make most IPOs look modest Anthropic is reportedly targeting a valuation of around $2 trillion. For context, that figure is more than double the $965 billion valuation the company carried after closing a $65 billion Series H funding round in May 2026. Advertisement The offering itself could raise as much as $100 billion, with some estimates placing the floor closer to $60 billion. Reports have also indicated that Nvidia is considering a $10 billion investment as part of the deal. Lead underwriting duties fall to Goldman Sachs, JPMorgan, and Morgan Stanley. Anthropic’s annualized revenue run rate surpassed $65 billion by the end of July 2026, reflecting deep enterprise adoption of its Claude model family. The company reported net losses of nearly $42 billion in 2025, reflecting the capital intensity of frontier AI development. AI, tech, and the markets they move—in one daily briefing. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. How Anthropic got here Anthropic was founded by former OpenAI researchers, including CEO Dario Amodei and President Daniela Amodei, who left to build a lab with a more explicit focus on AI safety. Amazon has committed multi-billion-dollar backing, and Google has been a significant investor as well. The May 2026 Series H round pushed the private valuation past $965 billion. What the listing means for AI markets and investors A successful Anthropic IPO at scale would create a liquid, publicly traded benchmark for frontier AI company valuations. Once Anthropic trades on Nasdaq, every other major AI lab gets a real-time comparables chart. The losses are the story that will not go away during the roadshow. Nearly $42 billion in net losses in a single year is a number that requires a compelling narrative, and the revenue run rate exceeding $65 billion annualized gives the company something to work with.

The world's largest derivatives exchange is suing the CFTC over how Bitcoin perpetual futures should be classified, and the outcome could reshape crypto trading in the US. CME Group, the exchange that handles more …

The world's largest derivatives exchange is suing the CFTC over how Bitcoin perpetual futures should be classified, and the outcome could reshape crypto trading in the US. CME Group, the exchange that handles more derivatives volume than anyone else on the planet, has picked a fight with its own regulator. The target: a relatively new type of crypto product that’s eating into its turf at a breathtaking pace. On June 18, CME filed a lawsuit against the Commodity Futures Trading Commission, arguing that Bitcoin perpetual futures contracts, specifically those listed by rival exchange KalshiEX, should be classified as swaps rather than futures. The distinction sounds like regulatory semantics. It is anything but. Gloria Flexible superpowers for every investor — best-in-class data, algorithms, and AI-powered research, together in Gloria Finance. Research smarter → Why classification matters more than you think In derivatives markets, what you call a product determines who gets to trade it, how much margin is required, and what kind of reporting obligations come attached. Swaps carry stricter registration, reporting, and business conduct rules under the Dodd-Frank framework. Futures, by comparison, often face lighter-touch oversight. The CFTC accepted KalshiEX’s Bitcoin perpetual contract as a futures product on May 29. Less than three weeks later, CME went to court. If perpetual contracts get the “futures” label, they can operate with fewer regulatory hurdles, making them more competitive against CME’s existing crypto futures lineup. If they’re reclassified as swaps, the compliance burden rises considerably, potentially slowing their adoption on US-regulated platforms. Advertisement A $93 trillion problem Bank of America projects that crypto perpetual trading volume will exceed $93 trillion in notional value by 2025. To put that in perspective, that’s nearly five times the size of the underlying spot crypto market. Centralized perpetual exchanges reported roughly $86.2 trillion in volume for 2025, a 47.4% year-over-year increase. Decentralized platforms added another $6.7 trillion on top of that. 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. CME’s crypto futures averaged 278,000 contracts per day in 2025, translating to approximately $12 billion in daily notional value. Q4 2025 was particularly strong, with volume hitting 379,000 contracts and setting multiple records. But here’s the math: $12 billion per day across a full year works out to roughly $4.4 trillion annually. That’s less than 5% of the perpetual market’s volume. Perpetual contracts never expire, which means traders avoid the cost and friction of rolling positions from one contract month to the next. They trade around the clock, matching crypto’s 24/7 market rhythm. And they offer continuous exposure without the quarterly resets that characterize CME’s Bitcoin and Ether futures. The competitive landscape CME’s lawsuit isn’t happening in a vacuum. The exchange has watched for years as offshore platforms like Binance, Bybit, and OKX built massive perpetual trading businesses largely outside US regulatory reach. The emergence of US-regulated perpetual products represents a new front in that competition. KalshiEX, originally known as a prediction markets platform, has been aggressively expanding into new product categories. Getting CFTC approval to list Bitcoin perpetuals as futures was a significant win, giving the platform access to US traders under a regulatory framework that many see as more business-friendly than the swaps regime. If CME loses this lawsuit, a legal precedent confirming that perpetual contracts qualify as futures could open the door for similar products in commodities, equities, and other asset classes. A CME victory would likely slow the domestic rollout of perpetual products by raising compliance costs, requiring platforms to register as swap dealers and meet higher capital requirements. The funding rate mechanism that keeps perpetual prices anchored to spot, the absence of settlement dates, and the continuous nature of the contracts all factor into the classification debate.

Only a handful of months in recorded market history have seen valuations this stretched, and the last time things looked like this, the 2000 crash followed. The Shiller CAPE ratio for the S&P 500 …

Only a handful of months in recorded market history have seen valuations this stretched, and the last time things looked like this, the 2000 crash followed. The Shiller CAPE ratio for the S&P 500 has climbed to approximately 41.1, a level not seen since the peak of the dot-com bubble. To put that in perspective, the long-term average for this metric since the 1880s sits around 17. The market is currently trading at more than twice that historical norm. For those unfamiliar, the CAPE ratio works like a price-to-earnings ratio with a memory. Rather than dividing a stock index’s price by a single year of earnings, it uses the average of ten years of inflation-adjusted earnings. The idea is to smooth out the boom-and-bust swings in corporate profits and reveal what you’re actually paying for a dollar of normalized earnings. Gloria Flexible superpowers for every investor — best-in-class data, algorithms, and AI-powered research, together in Gloria Finance. Research smarter → How extreme is a CAPE of 41? The current reading places the S&P 500 in the top 1% of all historical valuations going back to 1881. That is not hyperbole. Out of roughly 1,700 monthly data points in Robert Shiller’s Yale dataset, only a tiny handful have recorded ratios at or above current levels. Advertisement The all-time record was 44.2, set in December 1999, right before the dot-com crash erased trillions in market value over the following two years. The present reading of 41.1 sits uncomfortably close to that watermark. The CAPE first crossed 40 in January 1999 during the late-1990s tech frenzy. It has now remained above 40 continuously since May 2026, a sustained stretch that has no real precedent outside of that brief dot-com window. 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. Adding another layer of concern, the Buffett indicator, which compares total US stock market capitalization to GDP, exceeded 237% in September 2026. Readings above 200% are generally considered to reflect significant overvaluation. Warren Buffett himself described a version of this ratio as probably the best single measure of where valuations stand at any given moment. What history says about buying at these levels What the CAPE is actually useful for is forecasting long-term returns. And on that front, the historical record is fairly consistent: starting valuations above 30 to 40 have correlated closely with weak equity returns over the following decade. It’s also worth noting that CAPE skeptics have raised legitimate objections over the years. Changes in accounting standards, the growing share of buybacks versus dividends, and a shift in index composition toward higher-margin technology companies have all been cited as reasons the modern CAPE might naturally run higher than its 19th and 20th century predecessors. Those arguments have merit. They just don’t fully explain away a reading of 41 against a historical average of 17. What investors are watching now The sustained elevation above 40 for multiple consecutive months is the part that stands out to market watchers. A brief spike and retreat is one thing. A prolonged plateau at these levels is a different kind of signal, suggesting the market isn’t simply overreacting to a single earnings cycle but is pricing in a structurally optimistic long-term view of corporate profitability. The CAPE is one data point among many, but a ratio sitting in the 99th percentile of 145 years of data, accompanied by a Buffett indicator above 237%, is the kind of confluence that tends to show up prominently in the rear-view mirror of future market histories.