Actualités financières en direct

The French lab's trillion-parameter open-weight model enters limited preview, with public weights scheduled for October 27 Mistral AI has a new flagship. Its name is Mistral Large 4, and its nickname, officially, is “Le …

The French lab's trillion-parameter open-weight model enters limited preview, with public weights scheduled for October 27 Mistral AI has a new flagship. Its name is Mistral Large 4, and its nickname, officially, is “Le Chonk.” The French company unveiled the model on October 6, 2026, pitching it as the strongest open-weight AI system built outside China. Mistral also says it outperforms some Chinese rivals. Anyone can judge that claim once the weights go public on October 27. What Mistral actually built Mistral Large 4, or ML4, carries 1 trillion parameters. Only 49 billion of them are active at any given moment. That gap comes from the model’s design. ML4 is a Mixture-of-Experts system, or MoE. Picture a hospital rather than a single general practitioner. When a patient walks in, they get routed to the right specialists instead of every doctor in the building. An MoE model works the same way, sending each request to a small subset of its internal “experts” rather than firing up the whole network. Advertisement ML4 is also natively multimodal. It was built from the ground up to handle more than plain text, rather than having image capabilities bolted on later. Training took approximately two months. Mistral used about 4,000 NVIDIA Grace Blackwell GPUs housed in its own European data centers. 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 benchmark claims, read carefully According to Mistral, ML4 scored 38 points on the Artificial Analysis Intelligence Index. The company says that is the highest score for any non-Chinese open-weight model. MiMo-V2.6-Pro, one Chinese open model, scored 46 on the same index. That puts it comfortably ahead of ML4’s 38. Mistral is targeting ML4 at specific workloads. These include cybersecurity, finance, coding, manufacturing and visual grounding, which is the ability to connect language to specific elements within an image. The model supports more than 160 languages. That list covers every official language of the European Union. Pricing and availability For now, ML4 sits in a limited preview. Full access is restricted to select developers and expert users. That changes on October 27, 2026, when Mistral plans to release the model’s weights publicly. For those who prefer the rental route, Mistral has posted API pricing. Input costs $1.36 per million tokens, and output costs $4.18 per million tokens.

Some companies are preparing for an AI-fueled chip squeeze that could push up prices far beyond the data center boom alone, Mary Daly, president of the Federal Reserve Bank of San Francisco, tells Axios. …

Some companies are preparing for an AI-fueled chip squeeze that could push up prices far beyond the data center boom alone, Mary Daly, president of the Federal Reserve Bank of San Francisco, tells Axios. Why it matters: The Fed can usually look through supply… Some companies are preparing for an AI-fueled chip squeeze that could push up prices far beyond the data center boom alone, Mary Daly, president of the Federal Reserve Bank of San Francisco, tells Ax…

The probability of an October Fed rate hike has fallen to 19% from about 51% a week earlier, according to CME FedWatch, after September payrolls rose by only 29,000. Bitcoin’s recent price rally has …

The probability of an October Fed rate hike has fallen to 19% from about 51% a week earlier, according to CME FedWatch, after September payrolls rose by only 29,000. Bitcoin’s recent price rally has been supported by lower expectations for a Federal Reserve rate hike, but the crypto asset needs stronger market flows to confirm a move toward $90,000-$93,000, according to Lacie Zhang, research lead at Bitget Wallet. CME FedWatch showed the probability of an October hike at about 19% on Oct. 6, down from 51% a week earlier following September payroll growth of just 29,000. A decline in Treasury yields and further evidence of softer inflation could give Bitcoin additional room to rise, Zhang noted. Advertisement “ETF demand remains supportive, but it is not yet strong enough on its own to force a breakout,” Zhang told Crypto Briefing. “US spot Bitcoin ETFs attracted about $2.6 billion in September and approximately $134 million across the first two trading sessions of October. Bitcoin’s repeated failure to hold above $87,000 suggests that profit-taking and existing supply are still absorbing institutional demand.” Bitcoin ETF flows became increasingly choppy heading into October after hitting a $999 million daily net inflow peak on Sept. 21. The shift marked a sharp slowdown in institutional buying, with investors alternating between fresh allocations and profit-taking rather than maintaining the strong accumulation seen in late September. The pattern continued into October, with net inflows of $103 million on Oct. 1 and approximately $190 million on Oct. 2 before flows swung to $90 million in net redemptions on Oct. 5, per Farside Investors. The crypto and markets news you actually need—every morning. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. BlackRock’s IBIT remains the dominant Bitcoin ETF, with cumulative net inflows approaching $66 billion. The fund has consistently brought in new money even on days when the ETF market records net outflows. Zhang said a convincing breakout would require sustained ETF inflows, stronger spot buying and a daily or weekly close above roughly $87,400. The next upside targets are $90,000 and $93,000, while $84,000 and $82,000 are key downside levels, she added. “The main risks are a stronger-than-expected CPI or PPI report, renewed oil-driven inflation, hawkish Fed guidance or another rise in long-term yields. Any of these could revive rate-hike expectations and push Bitcoin back toward $84,000, with $82,000 as the next major support,” she stated. Bitcoin fell back below $86,000 at press time after reaching $86,698 earlier this morning, as most altcoins also declined. The last time BTC traded above $90,000 was in January.

In its infancy, the crypto sector was bent on creating entirely new types of assets. First came Bitcoin and its derivatives, then Ether and its competitors. Governance tokens, NFTs, and memecoins all followed a …

In its infancy, the crypto sector was bent on creating entirely new types of assets. First came Bitcoin and its derivatives, then Ether and its competitors. Governance tokens, NFTs, and memecoins all followed a formula: create a new digital asset class and build a market around it. As the industry has matured, however, its focus has shifted to creating new markets instead of new assets. We have now three major examples in the form of prediction markets, oil and gold perpetuals on Hyperliquid, and pre-IPO perpetuals. These products created real-time, continuously tradable markets around existing things (news, commodities, private firms) that previously lacked them. It turns out that blockchain technology is very well suited for expanding the range of things that we can price. And that might end up being more relevant to the future of finance than the ability to create new, digital assets. Annabelle Huang is the co-founder and chief executive officer of Altius Labs, an infrastructure company that designs high-performance blockchains. From new assets to new markets

Nvidia shares reached a new all time high as the chipmaker neared a $6 trillion valuation, while tokenized versions of its stock continue expanding across crypto platforms. Nvidia approached a $6 trillion market capitalization …

Nvidia shares reached a new all time high as the chipmaker neared a $6 trillion valuation, while tokenized versions of its stock continue expanding across crypto platforms. Nvidia approached a $6 trillion market capitalization on Tuesday as its stock climbed to another all time high, extending a rally that has made the chipmaker the world’s most valuable listed company. Shares rose as much as nearly 2% on Tuesday morning, reaching a record $243.37 before giving up some of those gains. Nvidia remained higher on the day, pushing its market value above $5.8 trillion and closer to a threshold no company has ever reached. Nvidia would need to trade at roughly $249 per share to reach a $6 trillion valuation. The stock has risen about 28% in 2026, adding roughly $1.2 trillion to Nvidia’s market capitalization. Apple, the second largest company by market value, was valued at about $4.86 trillion as of Monday, leaving a gap of roughly $900 billion between the two companies. Nvidia has also contributed more than any other company to the S&P 500’s roughly 14% advance this year, according to Bloomberg data. Advertisement The rally follows another strong earnings report from Nvidia. The company reported $96.2 billion in fiscal second quarter revenue, up 106% from a year earlier, and forecast third quarter revenue of $108 billion, plus or minus 2%. Nvidia also reported $89 billion in data center revenue during the quarter, up 117% from a year earlier. Nvidia added another catalyst in late September when its board authorized an additional $150 billion under its existing share repurchase program, increasing its remaining authorization to $235 billion. The company expects to execute the remaining program through fiscal 2028. 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. “This authorization reflects our confidence in the long term opportunity ahead,” Nvidia CEO Jensen Huang said. Huang has also described Nvidia as “the world’s first and only growth value stock,” arguing that the company combines rapid growth with a valuation that remains relatively low compared with its historical levels. The advance marks a sharp reversal from earlier this year. Nvidia shares were still down about 11% for 2026 as of March 30, when investors were increasingly questioning whether the hundreds of billions of dollars being committed to AI infrastructure would generate sufficient returns. Sentiment has since shifted as spending on AI infrastructure has continued and Nvidia has maintained a strong revenue outlook. Nvidia’s growing dominance has also extended beyond selling chips. The company’s equity investments in AI companies reached $99 billion as of July 26, up from roughly $7 billion a year earlier. Nvidia has committed more than $40 billion to investments in 2026 alone across frontier AI labs, infrastructure providers and other companies across the AI ecosystem. The chipmaker also agreed in September to acquire open source AI platform Hugging Face for about $12.9 billion. The transaction includes roughly $11.9 billion for shareholders and up to $1 billion in equity based retention awards, with the deal expected to close in the first half of 2027. Nvidia’s rise has also increasingly crossed into crypto markets as tokenized stocks have expanded onchain. As the largest company in the world by market capitalization, Nvidia is now represented by several tokenized equity issuers that allow eligible investors to gain exposure to its shares through blockchain based assets. xStocks offers Nvidia as NVDAx, a token backed one to one by underlying Nvidia shares held in custody. Ondo Finance offers Nvidia through NVDAon, which is fully backed by underlying shares and cash in transit and is available across networks including Ethereum, Solana and BNB Chain. Other issuers have also brought Nvidia onchain. Coinbase offers NVDAc through its tokenized stocks platform on Base. Robinhood Europe offers its own NVDA Stock Token, although its structure differs because the product is a derivative contract that tracks Nvidia shares rather than conveying ownership of the underlying stock.

The Global Dollar stablecoin has grown from hundreds of millions at launch, with most of its supply concentrated on X Layer, Robinhood Chain, and Solana Paxos’ Global Dollar stablecoin, USDG, now carries a market …

The Global Dollar stablecoin has grown from hundreds of millions at launch, with most of its supply concentrated on X Layer, Robinhood Chain, and Solana Paxos’ Global Dollar stablecoin, USDG, now carries a market cap of $3.2 billion. That figure represents a 340% increase over the past year. For a token that launched in November 2024 with supply in the hundreds of millions, that is a steep climb. Where the money actually sits USDG’s circulating supply and market cap reached approximately $3.2 billion as of late September 2026. The growth is not evenly spread, though. X Layer, the blockchain network tied to crypto exchange OKX, holds the largest share, with roughly $1.51 billion in USDG. Robinhood Chain comes second at about $703 million. Solana rounds out the top three with approximately $631 million. Together, those three networks hold the bulk of all USDG in circulation. All three networks are partners in the Global Dollar Network, or GDN. That is the consortium built around USDG, and its members have integrated the token as a native asset on their chains. Advertisement Native issuance matters more than it sounds. A bridged stablecoin is essentially an IOU wrapped around a token that lives elsewhere, which adds a layer of risk. A native token is minted directly on the chain where people use it, with no middleman wrapper involved. Trading volume tells its own story On that front, USDG’s numbers are striking. Uniswap trading volume for the stablecoin reached $21.8 billion in September 2026. 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. That single venue accounted for 98% of USDG’s decentralized exchange activity. The expansion has continued into October. On October 6, 2026, USDG launched natively on Arbitrum One, the Ethereum scaling network, alongside support from multiple DeFi protocols. The compliance pitch USDG was issued by Paxos Digital Singapore and Paxos Issuance Europe. Paxos is the same firm behind several other regulated dollar tokens. The stablecoin is backed 1:1 by US dollar cash and cash equivalents. Paxos publishes monthly attestations to support that peg. The Singapore and European entities behind the token also signal where Paxos sees demand. Both jurisdictions have pushed toward formal rules for stablecoin issuers, and USDG was built to fit inside those frameworks from day one. What this means for the stablecoin market USDG did not grow by convincing individual users one at a time. It grew by getting embedded in the plumbing of exchanges and blockchains that already have users. OKX’s X Layer alone holds nearly half the supply. Robinhood Chain brings in a retail brokerage’s audience. Solana adds a high-throughput network with an active DeFi scene. The GDN operates a model where reserve-generated yields are distributed among over 150 partners, fostering widespread adoption across different chains. The risk is the flip side of the same coin. When a handful of partners hold most of the supply, a strategic shift at any one of them could move USDG’s numbers sharply. If X Layer’s activity cooled, a meaningful chunk of the market cap would feel it. The Uniswap concentration raises a similar question. A token with 98% of its DEX volume on one protocol has deep roots in a single plot of soil. Broader DeFi integrations, like the ones accompanying the Arbitrum launch, could help diversify that over time. The things to watch are fairly concrete. Does the Arbitrum rollout attract meaningful supply? Does DEX volume spread beyond Uniswap? And does the supply mix shift away from its heavy reliance on X Layer?

Tribulnation SDK Fully-typed, async Python SDK for crypto trading and data. Market , Wallet , Earn , and Report are abstract interfaces implemented per exchange and chain. Code written against MarketSDK runs unchanged on …

Tribulnation SDK Fully-typed, async Python SDK for crypto trading and data. Market , Wallet , Earn , and Report are abstract interfaces implemented per exchange and chain. Code written against MarketSDK runs unchanged on dYdX, Hyperliquid, MEXC, or any other supported venue. Installation pip install tribulnation-sdk [ dydx,hyperliquid,mexc ] See the support matrix for details on extras. Standalone gateway Install tribulnation-sdk[gateway] for tn gateway and the remote ProxySDK . Venue adapters are installed separately on the server. See the gateway guide for configuration, supported operations and migration details. Trading Quick Start from dotenv import load_dotenv from tribulnation.sdk import MarketSDK , accounts load_dotenv () # load credentials from .env file sdk = MarketSDK ( { 'mexc_account1' : accounts . Mexc ( api_key = '$MEXC_API_KEY' , api_secret = '$MEXC_API_SECRET' ), # 'dydx', 'hyperliquid', and 'mexc' are available by default, even without listing them here } ) mexc = await sdk . market ( 'mexc_account1:spot:BTCUSDT' ) dydx = await sdk . market ( 'dydx:perp:BTC-USD' ) async with mexc . trades_stream () as my_trades : async for my_trade in my_trades : print ( f 'Hedging { my_trade } ' ) await dydx . place_order ( { 'type' : 'LIMIT' , 'qty' : - my_trade . qty , 'price' : my_trade . price , } ) accounts.<Venue>() reads credentials from environment variables named after each field ( accounts.Mexc() reads $MEXC_API_KEY / $MEXC_API_SECRET ) — pass explicit values or other $VAR names to override. Market IDs & Scoping <account_id>:<exchange_id>:<market_id> , e.g. mexc_account1:spot:BTCUSDT . account_id is the key you registered in accounts — not necessarily the venue's own name — so you can run several accounts on one venue side by side. Equivalent ways to reach a market: await sdk . depth ( 'mexc_account1:spot:BTCUSDT' ) venue = await sdk . venue ( 'mexc_account1' ) await venue . depth ( 'spot:BTCUSDT' ) exchange = await venue . exchange ( 'spot' ) await exchange . depth ( 'BTCUSDT' ) market = await exchange . market ( 'BTCUSDT' ) await market . depth () Hold a Market reference in hot loops; use the scoped one-shot calls otherwise. Market Interface Public data: depth() -> Book depth_stream() -> AsyncContextManager[AsyncIterable[Book]] rules() -> Rules : tick/step size, fees, min/max, rounding helpers candles(interval, start, end) -> PaginatedResponse[Candle] : trade candles opening in [start, end) , with timezone-aware bounds and no ordering guarantee; CANDLE_INTERVALS says which widths a venue serves User data: query_order(id) -> OrderState | None open_orders() -> Sequence[OrderState] trades_history(start, end) -> AsyncIterable[Sequence[Trade]] trades_stream() -> AsyncContextManager[AsyncIterable[Trade]] position() -> Position available_notional() -> Decimal : max. notional you could open now Trading: place_order(order) -> OrderResponse place_orders(orders) -> Sequence[OrderResponse] cancel_order(id) cancel_orders(ids) cancel_open_orders() Perpetual markets: index() -> Decimal next_funding() -> FundingRate funding_rates(start, end=None) -> AsyncIterable[Sequence[FundingRate]] : market-wide rate history funding_payments(start, end) -> AsyncIterable[Sequence[FundingPayment]] : your own settled cashflows perp_position() -> PerpPosition : includes entry price Full reference: docs/market/index.md, with per-venue notes for dYdX, Hyperliquid, and MEXC. Mutating methods also take an optional settings dict for venue-specific options, keyed by venue: await dydx . place_order ( { 'type' : 'LIMIT' , 'qty' : 0.01 , 'price' : 60_000 , }, settings = { 'dydx' : { 'order_flags' : 'SHORT_TERM' , 'short_term_gtb' : 2 }}, ) Other SDKs Same account-mapping shape as MarketSDK : WalletSDK : deposit/withdrawal methods — docs/wallet.md : deposit/withdrawal methods — docs/wallet.md EarnSDK : yield instruments — docs/earn.md : yield instruments — docs/earn.md ReportSDK : balance/position history, with provenance — docs/report.md Every SDK object is an async context manager: call methods on it directly, or enter it with async with to close its connections at a point you choose. Details: Async Usage. Error Handling All errors subclass Error : NetworkError , ValidationError , ApiError ( BadRequest , AuthError , RateLimited ), LogicError . Context, Logging & Retries SDK calls are plain by default — no logging, no retries. Wrap them in a Context to add both: from tribulnation.sdk import Context , NetworkError , RateLimited ctx = Context () . retried ( NetworkError , RateLimited , max_retries = 5 ) . logged () with ctx . use (): await sdk . place_order ( 'mexc_account1:spot:BTCUSDT' , { 'type' : 'LIMIT' , 'qty' : 0.01 , 'price' : 60_000 } ) Retries back off exponentially and only wrap plain async calls, not streams or paginated history. Nested SDK calls each re-apply the active context, so retries can compound across scoping layers. Details: Context, Logging & Retries. License MIT

Investors Worried About Inflation, Interest Rates, or the Economy, Should Consider Warren Buffett's Approach to Investing Investors oftentimes react swiftly to market news, such as the latest jobs numbers, inflation reports, and changes to …

Investors Worried About Inflation, Interest Rates, or the Economy, Should Consider Warren Buffett's Approach to Investing Investors oftentimes react swiftly to market news, such as the latest jobs numbers, inflation reports, and changes to interest rates. Tho… Investors Worried About Inflation, Interest Rates, or the Economy, Should Consider Warren Buffett's Approach to InvestingInvestors oftentimes react swiftly to market news, such as the latest jobs num…

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso. Photo: CBN The Central Bank of Nigeria has said its decision to cut the Monetary Policy Rate from 26.5 per cent to 23 …

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso. Photo: CBN The Central Bank of Nigeria has said its decision to cut the Monetary Policy Rate from 26.5 per cent to 23 per cent was designed to stimulate productive activities while sustaining efforts to bring inflation down to single digits. The Director, Stakeholder Engagement and Institutional Relations Department of the CBN, Mrs Hakama Sidi-Ali, said this on Tuesday at the CBN Special Day during the 21st Abuja International Trade Fair. “The Bank recently reset the Monetary Policy Rate from 26.5 per cent to 23 per cent and recalibrated the Standing Facilities Corridor to +50/-300 basis points around the MPR, to support productive activities without losing focus on bringing inflation down to single digit from its current position of 15.39 per cent,” Sidi-Ali said. The 350-basis-point reduction signalled a shift towards monetary easing after an extended period of tight policy aimed at containing inflation and stabilising the foreign exchange market. Sidi-Ali said the CBN, working with fiscal authorities, had implemented reforms aimed at strengthening macroeconomic stability, restoring investor confidence and supporting sustainable growth. According to her, businesses are better positioned to plan, invest and expand when inflation moderates, exchange rates are relatively stable and the financial system remains sound. See more Punch stories on Google. Add Punch on Google She said, “Resilient trade thrives in an environment of macroeconomic stability. Businesses plan and invest with greater confidence when inflation is moderated, exchange rates are relatively stable, and the financial system is sound.” The CBN director also urged financial institutions to increase financing to productive sectors, while businesses should embrace innovation, strengthen governance and seek new markets. “Financial institutions must continue to support productive sectors of the economy. Businesses must embrace innovation, improve governance, and explore new markets,” she added. The CBN also disclosed that Nigeria’s gross external reserves exceeded $55bn as of September 18, 2026, which it described as the highest level in 18 years. Sidi-Ali attributed the improvement to increased foreign exchange inflows from remittances, investments and greater participation in the formal financial system. She also said the unification of the foreign exchange market had enhanced stability, strengthened investor confidence and reduced market distortions. The CBN official identified the Payments System Vision 2028 and the banking sector recapitalisation exercise as other reforms intended to strengthen the financial system. She said the apex bank would continue implementing reforms focused on price stability and financial system resilience while supporting increased competitiveness and sustainable economic growth. Speaking at the event, the President of the Abuja Chamber of Commerce and Industry, Emeka Obegolu, called on the CBN to deepen access to affordable financing for Micro, Small and Medium Enterprises. He said closer collaboration between the CBN, financial institutions and the organised private sector would help businesses convert economic opportunities into sustainable enterprises and employment. “We encourage the CBN to continue strengthening initiatives that improve MSMEs’ access to affordable and sustainable financing, deepen financial inclusion, promote digital financial services and enhance the capacity of small businesses to access formal credit,” Obegolu said. He also called for increased financing for agriculture, manufacturing, trade, technology and export-oriented businesses, noting that high operating costs and limited access to capital continued to constrain businesses. According to him, targeted financing, credit guarantees and innovative funding mechanisms could help businesses overcome some of those challenges.

Strict editorial policy that focuses on accuracy, relevance, and impartiality The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality TL;DR The CFTC has opened an advanced …

Strict editorial policy that focuses on accuracy, relevance, and impartiality The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality TL;DR The CFTC has opened an advanced rulemaking process around retail commodity transactions involving crypto assets. The agency is asking for public input as it considers a more comprehensive federal framework for leveraged and margined retail crypto markets. This is an early-stage rulemaking step, not a final licensing regime that takes effect immediately. The Commodity Futures Trading Commission is moving toward a more formal federal framework for one of crypto’s messier regulatory areas: leveraged retail trading. On October 5, the agency published an Advanced Notice of Proposed Rulemaking focused on retail commodity transactions involving crypto assets. The document begins a consultation process rather than imposing a finished set of rules. The CFTC Wants A Uniform Market Framework The rulemaking centers on Section 2(c)(2)(D) of the Commodity Exchange Act, which covers certain leveraged, margined or financed retail commodity transactions. Crypto has long tested the edges of that framework because platforms can offer products that look economically similar while operating under very different state and federal structures. The CFTC says it wants input on how crypto asset transactions should fit into a uniform national market framework, including questions around intermediaries, customer protections, market integrity and the structure of regulated trading venues. For exchanges, the potential upside is clearer federal treatment. The trade-off is that a federal framework would likely bring more explicit requirements around controls, disclosures and the handling of customer assets. Nothing Has Been Licensed Yet The procedural status is the most important part of the story. An Advanced Notice of Proposed Rulemaking is an invitation to shape the rules that may come later. It is not the final rule and it does not automatically create a new category of licensed crypto venue today. Comments can influence the next proposal, and any binding framework would still need to move through the agency’s rulemaking process. That makes this a beginning rather than an endpoint. Even so, it is a meaningful one. The CFTC is no longer simply applying older commodity law case by case to a rapidly changing retail crypto market. It is openly considering a purpose-built structure for these transactions. The details will determine whether that structure becomes a workable national alternative to the current patchwork or simply adds another regulatory layer for platforms to navigate. This article was written by the News Desk and edited by Samuel Rae.