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Senate Republicans have unveiled a revised draft of the Clarity Act, incorporating a new ethics proposal that has secured the agreement of President Trump. The updated text also includes modifications related to blockchain regulation, …

Senate Republicans have unveiled a revised draft of the Clarity Act, incorporating a new ethics proposal that has secured the agreement of President Trump. The updated text also includes modifications related to blockchain regulation, yield protections, and agricultural rules. This development represents a significant step toward potential legislative approval, suggesting that the bill remains active and continues to address contentious issues affecting the crypto market structure. Key provisions in the revised text involve maintaining ethics standards while introducing changes in non-decentralized DeFi protocols and stablecoin yield limitations. Advertisement Key Takeaways The release of the revised Clarity Act text suggests progress towards its passage, consistent with increased support for a YES outcome. Market pricing indicates a rise in the likelihood of the Clarity Act being signed into law, with odds moving from 14% to 21.5% over the past week. The agreement by President Trump on the ethics proposal could indicate further bipartisan negotiations and potential advancement of the bill. What to Watch Observers will be closely monitoring any forthcoming statements or actions from key political figures, including President Trump and Senate Banking Committee Chairman Tim Scott. Announcements regarding Senate votes or further White House support could impact market perceptions and pricing. Additionally, any delays or setbacks in the legislative process may influence the current market outlook, as stakeholders await confirmation of the bill’s progress. Get live prediction-market analysis, powered by Vera. Sign up for Vera.

Anthropic, the AI firm known for its Claude chatbot, is reportedly anticipating its second consecutive quarter of profitability and is eyeing a Nasdaq IPO that could value the company at $2 trillion, according to …

Anthropic, the AI firm known for its Claude chatbot, is reportedly anticipating its second consecutive quarter of profitability and is eyeing a Nasdaq IPO that could value the company at $2 trillion, according to a Financial Times report. This development marks a significant turnaround for Anthropic, which was valued at $965 billion during its Series H funding round in May 2026. Market participants appear to interpret this news as indicative of strong future performance, with the company’s potential public offering becoming one of the most anticipated in the AI sector. The IPO discussions come amid Anthropic’s confidential filing and valuation assessments linked to projected revenues of up to $200 billion by 2028. Advertisement Key Takeaways Market pricing suggests a decreased likelihood of Anthropic’s market cap being less than $1.25 trillion at IPO close, consistent with news of expected profitability and high valuation. Anthropic’s potential $2 trillion IPO valuation appears to support robust market confidence in its future growth prospects. Current market activity reflects anticipation of a high-impact IPO, with shifts in pricing likely driven by the company’s profitability and valuation forecasts. What to Watch Market participants will closely monitor Anthropic’s financial disclosures and any amendments to its IPO filing, as these could provide further clarity on expected revenue growth and valuation. Key actors, including lead underwriters and the U.S. Securities and Exchange Commission, may play pivotal roles in determining the timeline and final valuation range of the IPO. Any regulatory developments or strategic investments by major stakeholders such as Amazon or Google could further influence market expectations. Get live prediction-market analysis, powered by Vera. Sign up for Vera.

Live Events RISING YEN FACES BOJ RECKONING as a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now! (You can now subscribe to our (You can now subscribe to …

Live Events RISING YEN FACES BOJ RECKONING as a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now! (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The dollar was steady on Monday, with the yen holding on to its recent sharp gains and hovering near a ​seven-month high as investors pondered possible rate hikes from ​the Federal Reserve and Bank of Japan in a pivotal week for monetary policy.Global policymakers are grappling with ​erratic pricing pressures from the six-month-long U.S.-Israeli war on Iran that has pushed oil prices well above $100 per barrel and upended the path for rates amid bouts of selloffs in long-end bonds.The European Central Bank raised rates last week and warned of further hikes, setting the stage for the Fed policy decision on Wednesday and a ‌widely expected rate hike ⁠from the ⁠BOJ on Friday. The Bank of England is expected to stand pat on Thursday, but the voting is likely to be close.Traders ramped up bets for a Fed rate hike after ​data on Friday showed U.S. consumer prices accelerated in August; they priced in an 86% chance of an increase this week and another move higher later ​in the year, the CME FedWatch tool showed."The Fed could decide to wait, but that is complicated by its October meeting being just ahead of the U.S. midterm elections and waiting until December to move will be too long," said Shane Oliver, chief economist and head of investment strategy ​at AMP.The euro was recently at $1.159, while sterling last bought $1.3524. The U.S. dollar index, which ⁠measures the ‌greenback against six other units, was steady at 99.15 after two straight weeks of meager declines.U.S. Treasury yields remained ​near multi-year highs, with ​the 2-year yield , which typically moves in step with Fed rate expectations, easing a touch to 4.6148%, after rising ⁠26 basis points last week.The rising yields and shifting rate expectations have so far ​failed to push the dollar higher as central banks in major economies are also expected to raise ​rates while worries around Fed policy credibility linger."We think the dollar would welcome a hike in that it would back up the Fed's monetary policy credibility and take a little more steam out of the debasement trade," ING analysts said in a note."Yet the dollar does not need to rally too far. After all, we think this is a recalibration of Fed policy, not a new cycle."Meanwhile, Brent crude futures rose nearly 3% to $107.51 per barrel in early Asian trading after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf compounded supply ‌concerns following the closure of a key Saudi oil pipeline.The Japanese yen was at 153.49 per U.S. dollar, not far from the seven-month high of 152.89 it touched last week as fresh signs emerged of market ​sentiment on the ​Asian currency changing, with speculators turning to ⁠a net long position on the yen for the first time since February."A 25 bps hike is already almost fully priced," analysts at MUFG said in a note. "For the yen to strengthen further, the BOJ will have to signal that they are planning to stick to the faster ​pace of hikes."TD Securities analysts said not putting another rate hike on the table for either the October or December meeting risks a knee-jerk dollar/yen rally back to 157 to 160.The yen is up 4% this month on the back of expectations that the BOJ will be faster in delivering rate hikes and signs of potential repatriation of assets by domestic investors."Not hiking would be a catastrophic error. Not communicating robustly will be a significant own goal," said James Athey, fixed-income portfolio manager at Marlborough, adding that expectations about repatriation and GPIF asset allocation changes are playing a significant role in the yen move.

US-Iran peace talks attendance Former U.S. President Donald Trump has dismissed reports suggesting Chinese aid to Iran, while confirming the postponement of a planned Gulf State meeting in Oman. The meeting, intended to address …

US-Iran peace talks attendance Former U.S. President Donald Trump has dismissed reports suggesting Chinese aid to Iran, while confirming the postponement of a planned Gulf State meeting in Oman. The meeting, intended to address issues surrounding the Strait of Hormuz, a strategic oil transit chokepoint, was anticipated as part of ongoing regional diplomatic efforts. This postponement indicates potential challenges in diplomatic coordination amid heightened tensions following recent U.S. and Israeli military actions against Iran. The timing of these developments may impact the likelihood of Mojtaba Khamenei attending a U.S.-Iran diplomatic meeting by the end of 2026. Advertisement Key Takeaways The postponement of the Oman meeting suggests a lack of momentum in diplomatic efforts, which appears to affect market confidence regarding Khamenei’s attendance at U.S.-Iran talks. Trump’s dismissal of reports about Chinese aid to Iran may indicate limited external influence on the diplomatic process, contributing to uncertainty in market expectations. Market pricing currently reflects skepticism about a U.S.-Iran diplomatic meeting occurring by the end of 2026, with odds for Khamenei’s attendance at 11.5%. What to Watch Observers should monitor any announcements from the U.S. State Department or Iranian Foreign Ministry regarding rescheduling of the Gulf State meeting or new diplomatic engagements. Further statements by Trump or Chinese officials about regional involvement could influence market perceptions. Additionally, any unforeseen developments or escalations in the region could shift the current diplomatic landscape and market expectations. Get live prediction-market analysis, powered by Vera. Sign up for Vera.

SGX's Bitcoin and Ether perpetual contracts, already boasting $5.8 billion in cumulative volume, will soon be accessible to American trading desks through existing clearing members. The Singapore Exchange just became the first major Asian …

SGX's Bitcoin and Ether perpetual contracts, already boasting $5.8 billion in cumulative volume, will soon be accessible to American trading desks through existing clearing members. The Singapore Exchange just became the first major Asian bourse to crack open its crypto perpetual futures market to US institutional money. SGX received authorization from the US Commodity Futures Trading Commission under Regulation 48.10, a pathway that lets US institutions trade on a foreign exchange without that exchange having to register domestically. The practical effect: American hedge funds, asset managers, and proprietary trading firms will soon be able to tap directly into Asian crypto liquidity pools from their existing setups. No new exchange memberships, no offshore entity gymnastics. Just onboarding through SGX’s current clearing members, which is expected to take two to four weeks, with live trading access following within one to two months. Gloria Own any of the names in this story? See what today's moves actually do to your portfolio. Open in Gloria → What SGX is actually offering The products in question are Bitcoin perpetual futures (BTP) and Ether perpetual futures (ETP), contracts that never expire and instead use periodic funding rates to keep prices tethered to the spot market. The difference here is that SGX wraps these instruments in the full infrastructure of a regulated securities exchange: traditional margin calls, collateral top-ups, and central clearing. One notable detail: SGX does not accept stablecoins as collateral. That’s a deliberate choice that reinforces the traditional finance guardrails around these products and separates them from the DeFi-adjacent collateral practices common on offshore platforms. Advertisement The contracts launched on November 24, 2025, and have already built meaningful traction. Cumulative traded volume reached $5.8 billion, roughly 400,000 lots, by the time the CFTC authorization was announced. Peak daily volume hit 11,500 lots in a single session, equivalent to about $145 million changing hands in one day. Open interest stood at 1,300 lots, approximately $19 million, at the end of August 2026. Bitcoin accounts for 66% of open interest, while commanding 83% of average daily trading volume. 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. Why Regulation 48.10 matters Regulation 48.10 allows the CFTC to authorize foreign boards of trade to offer their products to US persons, provided the foreign exchange meets certain regulatory standards. It’s the same framework that has historically allowed US traders to access commodities markets in London or Tokyo. Perpetuals have been the most traded crypto derivative globally for years, dwarfing the volume of traditional dated futures on CME. Yet they’ve existed almost entirely outside the US regulatory perimeter. CME doesn’t list them. Neither does any other CFTC-regulated US exchange. By listing the products on a well-regulated foreign exchange and then obtaining CFTC authorization for US access, SGX achieves something that no domestic venue has managed: giving US institutions a regulated way to trade the single most popular crypto derivative instrument on the planet. Competitive implications and what comes next For CME Group, which has dominated regulated crypto futures in the US with its dated Bitcoin and Ether contracts, this introduces a new competitive dynamic. US desks that previously had to choose between CME’s regulated products and offshore perpetuals now have a middle path. SGX is not stopping at perpetuals either. The exchange is working on expanding its crypto lineup to include dated Bitcoin and Ether futures alongside options products. The $5.8 billion in cumulative volume SGX has already attracted suggests there’s real appetite from Asian and international institutions for exchange-traded crypto perpetuals. SGX’s decision to stick with traditional collateral frameworks rather than accepting stablecoins looks like a deliberate hedge against regulatory scrutiny.

Russia cities entry by December 31, 2026 Lithuania is reinforcing its borders in preparation for potential conflict with Russia, according to CBS World. The move includes the construction of anti-tank obstacles and trenches along …

Russia cities entry by December 31, 2026 Lithuania is reinforcing its borders in preparation for potential conflict with Russia, according to CBS World. The move includes the construction of anti-tank obstacles and trenches along its border with Russia and Belarus. Lithuania, a NATO member, is responding to increased military activity by Russia near NATO borders, amidst ongoing tensions from the Ukraine conflict. The measures are seen as defensive, aiming to delay any potential armored incursions from Russian forces, particularly near the Kaliningrad region. Advertisement Key Takeaways Lithuania’s border fortifications appear to indicate heightened defensive readiness against a potential threat from Russian tanks. This development suggests increased regional tensions, potentially affecting market expectations regarding Russian military advances. Market pricing for scenarios involving Russian entry into Sloviansk reflects decreased likelihood, consistent with Lithuania’s reinforced defenses. What to Watch Observers should monitor any further military developments from Russia, particularly near the Lithuanian border, as these could impact regional security dynamics. Additional NATO responses or support for Lithuania may influence market expectations regarding Russian military actions in Ukraine. Any diplomatic engagements or announcements from involved parties could also shift market perceptions and pricing related to potential Russian advances. Get live prediction-market analysis, powered by Vera. Sign up for Vera.

South Korea's largest crypto exchange posted an 11.2 trillion won week, with XRP outpacing Bitcoin in retail trading activity South Korea’s crypto market is doing just fine, thanks for asking. Upbit, the country’s dominant …

South Korea's largest crypto exchange posted an 11.2 trillion won week, with XRP outpacing Bitcoin in retail trading activity South Korea’s crypto market is doing just fine, thanks for asking. Upbit, the country’s dominant exchange, posted weekly trading volume of 11.2 trillion won, roughly $8 billion, for the most recent reporting week. That figure represents a 6.74% jump from the prior week, and XRP claimed the top spot among the most actively traded assets on the platform. The trading hierarchy on Upbit for the week placed XRP first, Bitcoin second, and USDT third. XRP/KRW pairs have repeatedly surpassed BTC/KRW in daily and weekly rankings over the past year, with Korean traders dealing directly in won-denominated pairs rather than routing through dollar-based stablecoins. Gloria Own any of the names in this story? See what today's moves actually do to your portfolio. Open in Gloria → Advertisement XRP has captured the largest share of volume spikes during periods of heightened activity, including recent daily peaks where Upbit’s trading volumes soared over 270%, with single-day figures reaching as high as $3.81 billion. Upbit is operated by Dunamu and sits comfortably at the top of the South Korean exchange hierarchy. Its closest domestic competitor is Bithumb, though Upbit’s volumes have consistently run ahead. The exchange has over 12–13 million registered users historically noted as active participants. 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. For anyone tracking global crypto demand, the Upbit data carries a few implications worth sitting with. XRP sits well outside the top two by market cap globally, but by trading activity on one of Asia’s most active exchanges, it routinely competes with Bitcoin for the top slot. Strong local demand for XRP/KRW can support price floors and reduce volatility in ways that are not immediately visible if you are only watching dollar-denominated order books on Western exchanges.

Bitcoin (CRYPTO: BTC) is back. Or, at least, that's what the crypto bulls would have you believe after a phenomenal August, in which Bitcoin gained 23%. In fact, Coinbase Global CEO Brian Armstrong now …

Bitcoin (CRYPTO: BTC) is back. Or, at least, that's what the crypto bulls would have you believe after a phenomenal August, in which Bitcoin gained 23%. In fact, Coinbase Global CEO Brian Armstrong now thinks that Bitcoin -- currently trading at $77,000 -- co… Bitcoin (CRYPTO: BTC) is back. Or, at least, that's what the crypto bulls would have you believe after a phenomenal August, in which Bitcoin gained 23%. In fact, Coinbase Global CEO Brian Armstrong n…

Gold Price by End of December Gold prices have slipped as the latest U.S. inflation data exceeded expectations, strengthening the likelihood of an interest rate hike by the Federal Reserve. The Consumer Price Index …

Gold Price by End of December Gold prices have slipped as the latest U.S. inflation data exceeded expectations, strengthening the likelihood of an interest rate hike by the Federal Reserve. The Consumer Price Index (CPI) for August showed a 0.4% increase month over month and 3.4% year over year, prompting markets to price in an 85-90% chance of a rate hike at the upcoming Fed meeting. This development typically pressures gold, which does not yield interest, leading to a decline in its appeal as an investment. Markets appear to interpret the inflation data as a significant headwind for gold prices, which have been fluctuating between $4,355 and $4,414 per ounce. The probability of gold reaching $15,000 by the end of December has been negatively impacted, with prediction markets reflecting a decreased likelihood of such a spike. The odds of gold hitting this target have shown a consistent downward trend, with market participants adjusting their expectations in response to the potential monetary policy shift. 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 → Advertisement The Federal Reserve’s decisions regarding interest rates remain a key factor in the gold market, with any indication of rate hikes likely to further suppress gold prices. Meanwhile, geopolitical factors and central bank actions continue to play a role in shaping market sentiment, alongside the evolving macroeconomic landscape. Key Takeaways Recent U.S. inflation data appears to have increased expectations for a Federal Reserve rate hike, which is consistent with pressure on gold prices. Market pricing suggests a lower probability of gold reaching $15,000 by December, reflecting adjustments in response to potential monetary policy changes. The spot gold price has remained in a tight price band, with current economic indicators suggesting limited upward momentum in the near term. What to Watch Investors will be closely monitoring the Federal Reserve’s upcoming meeting for any announcements regarding interest rate policy, which could further influence gold market dynamics. Additionally, geopolitical developments and central bank purchasing patterns may offer clues on future gold price movements. The interplay of these factors will be crucial in determining whether gold can stage a comeback or continue facing downward pressure. 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. Get live prediction-market analysis, powered by Vera. Sign up for Vera.

The high-yield AI datacenter credit basket is trading wider than June 2022 levels, signaling investor caution as nearly $500 billion in AI-related debt floods the market Goldman Sachs’ high-yield AI datacenter basket is now …

The high-yield AI datacenter credit basket is trading wider than June 2022 levels, signaling investor caution as nearly $500 billion in AI-related debt floods the market Goldman Sachs’ high-yield AI datacenter basket is now trading at a spread of 353 basis points, wider than where it sat back in June 2022. Broader AI-related bond issuance expected across 2025 and 2026 carries an option-adjusted spread of 381 basis points, a meaningful premium over the wider high-yield market. The numbers behind the nervousness Goldman launched its high-yield AI issuer basket in July 2026, comprising 18 equal-weighted US high-yield names. At inception, the basket carried an average spread of 319 bps and a yield of 7.45%. For context, the broader high-yield market was sitting at 267 bps and a yield of 7.3% at the time. Gloria Bull case, bear case, or the catalyst that breaks it — Gloria Finance runs the whole research in one click. Run a playbook → Goldman’s AI leadership basket, a separate instrument tracking investment-grade AI-adjacent credits, has seen its spread widen from 74 bps to nearly 150 bps over the past 12 months. Advertisement The basket includes names like CoreWeave alongside various joint venture debt structures. Of the 23 recent datacenter joint-deal ventures Goldman tracks, 17 are now trading wider than their origination yields. New-issue concessions on large deals have widened by up to 20 bps, as demand for longer-dated tranches has cooled. Half a trillion dollars of AI debt Goldman estimates that close to $500 billion of AI-related debt will be issued in 2026 alone, representing approximately 18% of total US investment-grade supply. 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. Goldman has responded to this dynamic by creating tradable instruments, custom baskets and swaps, that let investors express views on AI credit without needing to buy individual bonds. What the spread widening actually means The distinction between the datacenter basket at 353 bps and the broader 2025-2026 AI issuance OAS of 381 bps is worth noting. The wider spread on forward issuance suggests that the market expects conditions to get tighter, not looser, as more supply hits. For the companies issuing this debt, wider spreads translate directly into higher borrowing costs. A datacenter operator that could have financed a billion-dollar facility at 7.45% a few months ago is now looking at meaningfully higher rates. At the scale of the AI buildout, even 30-40 bps of additional spread across hundreds of billions in issuance represents billions of dollars in incremental interest expense over the life of these bonds. Hyperscalers like Microsoft, Google, and Amazon can finance datacenter construction off their investment-grade balance sheets at far tighter spreads. Independent operators and joint ventures, the names populating Goldman’s HY basket, don’t have that luxury.