Actualités financières en direct

Bitcoin gained 84.2% from the January 2024 pre-ETF baseline through Oct. 5, 2026, even as nominal and real yields rose. The post Bitcoin price has risen 84% since January 2024 while Treasury yields climbed …

Bitcoin gained 84.2% from the January 2024 pre-ETF baseline through Oct. 5, 2026, even as nominal and real yields rose. The post Bitcoin price has risen 84% since January 2024 while Treasury yields climbed appeared first on CryptoSlate. Bitcoin traded below $84,000 on Oct. 7 as US Treasury yields near 5.3% offered investors a competing interest-bearing alternative. Higher yields can raise the return investors expect to justify specu…

Credit default swaps on the rocket company jumped to a record after reports it wants to borrow heavily to buy Nvidia AI chips SpaceX has spent years making the impossible look routine. Bond traders, …

Credit default swaps on the rocket company jumped to a record after reports it wants to borrow heavily to buy Nvidia AI chips SpaceX has spent years making the impossible look routine. Bond traders, it turns out, are less easily impressed. The company’s five-year credit default swaps climbed to a record 197 basis points on October 7, 2026. The jump followed reports that SpaceX is negotiating a fundraising round of approximately $40 billion to buy Nvidia AI chips. What the bond market is saying Think of a credit default swap as an insurance policy on a company’s debt. If the borrower can’t pay, the policy pays out. The more investors pay for that protection, the more worried they are about repayment. SpaceX’s five-year CDS traded between 195 and 197 basis points on October 7. Both ends of that range mark record territory for the contract. To put that in plain terms: protecting $10 million of SpaceX debt for a year now costs roughly $197,000. That is the highest price the market has ever charged for this particular kind of peace of mind. The company’s cash bonds told a similar story. SpaceX’s 6.65% notes due in 2056 saw their spread widen by 12 basis points in secondary trading, reaching 238 basis points over the benchmark. That is a notable drift from where those bonds started. At issuance, the same notes priced at a spread of 175 basis points. Advertisement Equity investors reacted too, though more gently. SpaceX shares slipped by 1% to 2% after the news broke. Nvidia’s stock, meanwhile, held steady. The $40 billion shopping list The financing plan was outlined in reports from the Financial Times and Bloomberg. It would reportedly be split into two pieces. 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 first is $10 billion in bank loans. The second is $30 billion in investment-grade debt. Together, they would fund a large purchase of Nvidia AI chips. Apollo Global Management is expected to lead the deal. The talks remain preliminary, however, and the financing may not close until 2027 at the earliest. The chips would feed SpaceX’s growing push into artificial intelligence. The company has been building out Nvidia GPU clusters and has landed lucrative contracts with tech giants including Google. A balance sheet that keeps getting heavier As of June 30, 2026, the company reported total debt of $38.4 billion. That figure came after a busy June. SpaceX completed a record-setting IPO that month, then quickly followed it with a $25 billion bond issuance. Add a potential $40 billion on top of $38.4 billion, and the math changes. The company’s debt load would roughly double if the full package goes through as reported. There is also a circular quality to the deal worth noting. Nvidia holds about 123 million shares of SpaceX, a stake valued around $21 billion at the end of June 2026. So the chipmaker would effectively be selling hardware to a company it partly owns, financed by debt that company raises from others. The broader worry about AI leverage SpaceX is borrowing into a market already uneasy about how the AI boom is being financed. Investor Ray Dalio has raised alarms about rising leverage and a potential bubble forming as borrowing costs tied to AI investments climb. What this means For bondholders, the immediate takeaway is that SpaceX debt is being repriced, not abandoned. A spread of 238 basis points signals caution, not panic, and the planned $30 billion portion is still being framed as investment-grade debt. For Nvidia, the stakes cut both ways. A successful SpaceX build-out could strengthen both companies and validate Nvidia’s position as the default supplier for large AI projects. If debt concerns deepen, though, Nvidia’s roughly $21 billion stake becomes exposed to the same pressures weighing on SpaceX’s credit. The timeline also leaves plenty of room for things to change. With a close not expected before 2027 at the earliest, terms, size and structure could all shift. Markets will be watching Apollo’s role, the final split between loans and bonds, and whether SpaceX’s CDS keeps setting new records along the way.

A commissioned forensic review links the memecoin's chaotic launch to thin liquidity and market-maker gains, and Biden wants the firms to pay it back in burned supply Hunter Biden has a request for the …

A commissioned forensic review links the memecoin's chaotic launch to thin liquidity and market-maker gains, and Biden wants the firms to pay it back in burned supply Hunter Biden has a request for the trading firms behind his memecoin’s launch: buy back the excess tokens and burn them. The call follows a forensic review commissioned after $LAPTOP’s September debut. The review ties the token’s wild opening swings to thin liquidity and market-making missteps, and it found that some of those market makers walked away with sizable gains. From launch to forensic review $LAPTOP went live on September 9, 2026, on Base, the Ethereum layer-2 network built by Coinbase. The token launched with a supply of 1 billion units and a starting price of approximately $0.05. Things moved fast. The price shot up almost immediately, and for a moment the token’s fully diluted valuation sat somewhere between $144 billion and $317 billion. The spike did not last. $LAPTOP fell 98% to 99% within hours, a drop driven largely by how little liquidity was backing the market. By early October 2026, the token had settled around $0.079. On October 7, 2026, Groom Lake published an independent forensic review of the launch. Its central finding concerned one market maker that contributed only about $5,200 in liquidity, a figure the review put at less than 0.003% of the total supply. Advertisement The review also documented who benefited. One market-making firm earned approximately $686,000, while another collected more than $2.1 million shortly after the price peaked. Together, those two firms booked nearly $3 million in the immediate aftermath. Biden’s response and the burn request Market makers identified in connection with the launch include G20, GSR, and Wintermute. Biden is calling on these firms to buy back and burn the excess tokens they hold. 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. Biden has also pushed back on criticism directed at him personally. He said he had no connection to the sell-offs and pointed to the founder allocation as evidence. That allocation equals 30% of the total supply. According to Biden, those tokens are locked for six months, then vest gradually over the following 24 months, and they have not moved. He also said he plans to burn most of the unclaimed tokens from the project’s first airdrop tranche during the week of October 7, 2026. The anti-Trump-coin pitch $LAPTOP has been marketed as having “opposite tokenomics” to the memecoins associated with the Trump family. The structure breaks down into a few major buckets. Insiders hold 30%, which the project frames as a comparatively lower allocation for founders. Another 20% is set aside for targeted airdrops aimed at traders who lost money on the $TRUMP token. A further 30% sits in a pool tied to prediction markets. That pool is earmarked for prediction-linked burns or charitable contributions. What this means for traders and market makers A contribution of about $5,200 against a token that briefly implied a valuation in the hundreds of billions shows the mismatch plainly. Retail buyers saw a price chart. They did not see how shallow the pool underneath it was. For market-making firms, the fallout is reputational. Biden’s public burn request turns what is usually a private contractual relationship into a public accountability question. G20, GSR, and Wintermute now face pressure to respond, even though the review frames the problem as missteps rather than deliberate wrongdoing. The founder tokens unlock after six months and vest over two years, so the credibility of the “opposite tokenomics” pitch will be tested well after the launch-day headlines fade.

A recent survey indicates that a majority of voters believe the Trump administration and Congress are not adequately addressing risks associated with artificial intelligence. The report comes amid a shift in U.S. government AI …

A recent survey indicates that a majority of voters believe the Trump administration and Congress are not adequately addressing risks associated with artificial intelligence. The report comes amid a shift in U.S. government AI procurement policies, moving away from safety-focused companies like Anthropic towards major tech firms such as OpenAI and Google. This realignment follows a Pentagon directive that identified Anthropic as a national-security risk, effectively excluding it from federal contracts. The decision suggests that the U.S. government is prioritizing adaptability and customization in AI applications over stringent safety protocols. Advertisement The market appears to interpret the government’s move as consistent with decreased prospects for Anthropic in AI model rankings by the end of October 2026. Pricing in the “Best AI Model by October 2026” market currently reflects a significant shift, with Google’s models gaining traction and Anthropic’s declining. Market participants seem to view the exclusion of Anthropic from federal use as a notable disadvantage in the competitive landscape of AI development. Key Takeaways Survey results suggest a perceived lack of seriousness by U.S. leadership on AI risk, possibly impacting public confidence in AI policy. The U.S. government’s procurement shift away from Anthropic aligns with market pricing that indicates a decrease in Anthropic’s competitive edge. Google’s increasing presence in government contracts may contribute to its dominant market position in AI rankings. What to Watch Watch for further developments in U.S. government AI procurement policies. Any shifts in government stance could influence market dynamics, particularly if new safety measures are introduced or if Anthropic regains eligibility. Additionally, updates on AI model performance benchmarks from Google, OpenAI, and other competitors could affect perceptions of leading AI providers by the end of October 2026. As the situation evolves, these factors will play a crucial role in shaping market views.

The Robinhood Chain launchpad's graduated tokens have now pushed more than $6 billion through its custom Uniswap v4 hook Pons, a non-custodial token launchpad that runs only on Robinhood Chain, has crossed $6 billion …

The Robinhood Chain launchpad's graduated tokens have now pushed more than $6 billion through its custom Uniswap v4 hook Pons, a non-custodial token launchpad that runs only on Robinhood Chain, has crossed $6 billion in cumulative trading volume through its Uniswap v4 hook pools. The project announced the milestone on October 7, 2026. Pons launched on July 13, 2026. Reaching that figure in under three months is a fast clip for a platform that did not exist this summer. How the Pons machine works Under Pons’ V2 model, a token stays on a bonding curve until it hits a threshold of roughly 4.2 ETH equivalent. At that point, it “graduates.” Graduation moves the token into a full-range liquidity position on Uniswap v4, and that position is permanently locked. Full-range means the liquidity covers every possible price. Locked means nobody can pull it later, which removes one of the more familiar ways early meme tokens tend to go sideways. The $6 billion figure measures trading in those graduated pools. It does not count activity on the bonding curves themselves. Advertisement The hook and the fee split Pons runs its graduated pools through a hook called PonsV2MemeHook. It handles swaps after graduation and distributes fees, along with other operational mechanics. The fee split leans heavily toward creators. Roughly 70% goes to token creators, and around 30% goes to the Pons protocol. 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 v3 to v4 Pons did not start with this design. The project rolled out its V2 contracts on August 3, 2026, just weeks after launching. Before that, Pons deployed tokens directly to Uniswap v3. The V2 upgrade replaced that approach with the curve-then-v4-hook structure described above. Robinhood Chain’s outsized share of Uniswap In early September 2026, Robinhood Chain accounted for $901.5M of Uniswap’s total $1.6B trading volume over a 24-hour period, representing 56.3% of Uniswap’s volume for the day. Fee generation and the pump.fun comparison On one day in early September, Pons generated $5.95M in trading fees. On a weekly basis, its average fees have run in the tens of millions. Pons has often outpaced pump.fun in daily fee generation. Pons puts part of its revenue toward recurring buybacks and burns of its $PONS token, using its earnings to purchase its own token on the open market and then permanently removing those tokens from circulation. Uniswap Labs takes a position Uniswap Labs bought $PONS tokens in early September 2026. The purchase was framed as a sign of long-term engagement with the project.

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial …

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. TL;DR: Robinhood has added $25 million worth of Bitcoin to its corporate balance sheet, marking its first proprietary BTC holding separate from customer assets. The amount is small relative to Robinhood’s roughly $100 billion valuation, but the company says that is partly the point: the purchase is intended as a signal of alignment with Bitcoin and the wider crypto market. Robinhood has spent years building a business around giving customers access to crypto. Now it has put some of its own money into Bitcoin. Johann Kerbrat, Robinhood’s Senior Vice President and General Manager of Crypto and International, confirmed that the company has purchased $25 million worth of BTC for its corporate balance sheet. Crucially, the Bitcoin is Robinhood’s own. It is separate from the crypto the company holds on behalf of customers. That distinction turns what would otherwise be a relatively modest purchase into a more interesting strategic move. Robinhood is not attempting to transform itself into a Bitcoin treasury company in the mold of firms whose balance sheets are dominated by BTC. Against a market capitalization of roughly $100 billion, a $25 million allocation is small. Kerbrat acknowledged as much while explaining the thinking behind the move. The purpose is less about materially changing Robinhood’s financial position and more about putting the company alongside the asset and ecosystem it has increasingly built around. Robinhood’s involvement in crypto has expanded well beyond simple spot trading. The company has been building out crypto products, international services and blockchain infrastructure as it tries to position itself as a broader financial platform. Holding Bitcoin directly adds another layer to that strategy. It also makes Robinhood the latest publicly traded company to move BTC from something offered to customers into something held at the corporate level. That trend has taken several different forms. Some businesses have made Bitcoin accumulation a central capital allocation policy. Others have made smaller purchases that function more as strategic reserves or statements of conviction. Robinhood currently appears to sit firmly in the second category. There is also no indication that the company has committed itself to a fixed recurring BTC purchase program. For now, the $25 million position looks deliberately restrained. But the symbolism is difficult to miss. A company with tens of millions of funded accounts, a growing crypto operation and an expanding blockchain strategy has decided that offering Bitcoin is no longer enough. Robinhood now owns some too.

The post Bitmine Falls 7% as Tom Lee Says the Ethereum Buying Spree Is About to End; Sharplink and Strategy Drop 5% appeared first on 24/7 Wall St.. A standing weekly buyer of Ethereum …

The post Bitmine Falls 7% as Tom Lee Says the Ethereum Buying Spree Is About to End; Sharplink and Strategy Drop 5% appeared first on 24/7 Wall St.. A standing weekly buyer of Ethereum (CRYPTO:ETH) is about to step away from the market, and crypto treasury st… The post Bitmine Falls 7% as Tom Lee Says the Ethereum Buying Spree Is About to End; Sharplink and Strategy Drop 5% appeared first on 24/7 Wall St..A standing weekly buyer of Ethereum (CRYPTO:ETH) is…

The latest transfer of seized crypto to the Marshals Service's chosen custodian has traders asking the usual question: is a sale coming? The US government has moved $470 million in Bitcoin and Tether from …

The latest transfer of seized crypto to the Marshals Service's chosen custodian has traders asking the usual question: is a sale coming? The US government has moved $470 million in Bitcoin and Tether from seized funds to Coinbase Prime, according to a post on X tracking the activity. The appearance of Tether in the mix makes this move stand out. Earlier reported government transfers did not include USDT, even though government wallets hold significant amounts of the stablecoin. A pattern of transfers to Coinbase Prime Coinbase Prime is the institutional platform that the US Marshals Service (USMS) selected in July 2024 to handle custody and trading of seized digital assets. The Marshals Service is the agency responsible for managing assets forfeited in federal criminal cases. On-chain data from Arkham Intelligence has tracked several earlier shipments. In mid-July 2026, approximately $288-297 million in seized assets landed on Coinbase Prime. Advertisement Most of that batch was Bitcoin: between 3,800 and 3,941 BTC, valued at $244-250 million at the time. Some of those wallets were tied to cases involving Ryan Farace and Brian Krewson. On October 7, 2026, roughly 833.6 BTC, valued at $71.6 million, went to Coinbase Prime addresses. About 40,285 BNB, worth approximately $31.6 million, moved in the same window. Both were part of a larger $103 million asset shift. 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 reserve that complicates the story In March 2025, President Trump signed an executive order creating a Strategic Bitcoin Reserve. The order set a no-sale policy for seized BTC. That policy covers Bitcoin specifically. Tether is a stablecoin designed to hold a steady dollar value, so moving it raises different questions than moving Bitcoin does. A transfer to a custodian is also not the same as a sale. Coins can be moved for consolidation, safekeeping, or administrative handling without ever hitting an order book. Estimates put US government-held crypto between $20-28 billion, including around 324,000-325,000 BTC. What this means for the market The Tether portion deserves particular attention. Selling or redeeming a dollar-pegged stablecoin would not create the kind of price pressure that dumping Bitcoin would, but it would signal that the government is actively managing parts of its crypto portfolio that sit outside the reserve’s no-sale protection. For the Bitcoin portion, the key question is whether the reserve policy holds in practice. Any evidence of seized BTC actually being sold would raise questions about how firmly the no-sale policy is being applied. As the Marshals Service’s chosen custodian since July 2024, Coinbase Prime sits at the center of one of the largest government crypto operations in the world.

Paxos's Global Dollar is building a foothold on Arbitrum as DeFi integrations go live and an ArbitrumDAO incentive proposal sits on the table Paxos’s Global Dollar stablecoin, USDG, just had a busy day on …

Paxos's Global Dollar is building a foothold on Arbitrum as DeFi integrations go live and an ArbitrumDAO incentive proposal sits on the table Paxos’s Global Dollar stablecoin, USDG, just had a busy day on Arbitrum One. Its market cap on the network rose by $10.2 million over the past 24 hours to reach $31.2 million. That works out to roughly 49% growth in a single day. Paxos launched USDG natively on Arbitrum One on October 6, 2026. Rather than showing up to an empty room, the token arrived with integrations across several decentralized finance protocols from the start. The lineup covers the main DeFi use cases. Fluid handles trading, Morpho supports lending, GMX accepts deposits, and Maple offers yield products built around the token. Advertisement Native issuance also matters here. A natively issued stablecoin is minted directly on the chain by the issuer, rather than wrapped and shipped over from another network through a bridge. The Arbitrum rollout is part of the Global Dollar Network, or GDN, the partner framework Paxos uses to expand USDG’s presence and utility across platforms. 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. Small slice of a much bigger token For context, the $31.2 million on Arbitrum is a sliver of USDG’s overall footprint. Total circulating supply for the stablecoin now exceeds $3.2 billion, which places it as the seventh-largest stablecoin by market capitalization. Until now, USDG’s supply has been concentrated on other networks, including X Layer, Robinhood Chain, and Solana. Arbitrum adds an Ethereum Layer 2 to that mix. Arbitrum already has an estimated $4 billion in stablecoins on its network. Against that pool, USDG’s $31.2 million is still under 1% of the existing stablecoin base. The regulated dollar pitch, plus a revenue twist USDG operates under strict regulatory oversight. Each token is backed 1:1 by US dollar reserves, and monthly attestations are published to confirm that backing. Through the GDN, revenue generated from reserve yields is shared with distribution partners instead of being kept entirely by Paxos. The platforms that bring USDG to users can share in that income, which gives them a direct reason to push adoption. For Arbitrum, that arrangement positions the ecosystem to take a cut of GDN revenue tied to activity from its user base. ArbitrumDAO weighs a 100 million ARB incentive There’s also a governance angle. An ArbitrumDAO proposal seeks to allocate 100 million ARB tokens to incentivize USDG liquidity and adoption on the network.

The Bridge-issued stablecoin grew its Ethereum footprint roughly tenfold in a week, but most of the supply sits in a handful of wallets Open USD (OUSD), the new stablecoin issued by Stripe subsidiary Bridge, …

The Bridge-issued stablecoin grew its Ethereum footprint roughly tenfold in a week, but most of the supply sits in a handful of wallets Open USD (OUSD), the new stablecoin issued by Stripe subsidiary Bridge, just had a very good first week on Ethereum. Its market cap on the network climbed from about $10 million to more than $100 million in roughly seven days. The growth was driven largely by minting from the project’s founding partners. That partner list reads like the guest roster at a payments industry gala: Coinbase, Mastercard, Shopify, Stripe and Visa. How OUSD got to $100 million on Ethereum The rise on Ethereum is one piece of a bigger debut. OUSD’s total supply across all chains reached roughly $666 million to $722 million within days of launch. On-chain data put the figure at about $666.3 million by October 5, 2026. Ethereum was not the main stage at first. At launch, 71% of OUSD’s supply lived on the Tempo blockchain, while about 9% sat on Ethereum. Ethereum’s share then grew quickly. Supply on the network went from the low double-digit millions to over $100 million by early October, tracking heavy partner-driven minting. Placements with institutions and market makers added to the climb. Activity numbers also look healthy at first glance. OUSD logged $2.6 billion in transfer volume as of October 5. The token had somewhere between 554 and 613 holders at that point. Advertisement Those two figures together say a lot. Billions of dollars moved, but only a few hundred addresses held the coin. That is the profile of institutional plumbing, not a retail frenzy. A heavyweight consortium with a concentration problem OUSD is the product of Open Standard, a group whose founding partners hold equal equity stakes. Coinbase, Mastercard, Shopify, Stripe and Visa collectively committed over $1 billion in initial liquidity to get the stablecoin off the ground. 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 coin is fiat-backed, meaning each token is supposed to be matched by real dollars or equivalents held in reserve. OUSD’s reserves are held at BlackRock, Lead Bank and BNY Mellon. Those reserves support its $1 peg. Businesses can mint and redeem OUSD on a 1:1 basis. There are no transaction fees and no volume limits on either side of that process. The token is already available on Coinbase, Kraken and Uniswap. It is also accessible through Stripe, Visa and Mastercard. On-chain data showed that 10 wallets held approximately 74% of OUSD’s total supply. Decentralized exchange trading has been thin as well. Across all chains, DEX volume came to roughly $4.1 million in the first six days after launch. Compare that with the $2.6 billion in transfer volume. Plenty of money is moving between wallets, but very little of it is being traded on open markets. What this means for traders, issuers and Ethereum The most important signal from OUSD’s first week is who is using it. A large transfer volume, a small holder count and heavy wallet concentration all point to institutions and partners doing the early heavy lifting. For traders, concentration cuts both ways. When 10 wallets control roughly 74% of supply, decisions by a few holders could swing liquidity on a given chain. Thin DEX activity also means slippage risk for anyone trying to trade larger amounts on decentralized venues. The flip side is that redemption at 1:1 without fees or limits gives institutional holders a clean exit. That mechanism, combined with reserves at BlackRock, Lead Bank and BNY Mellon, is designed to keep the peg anchored even if on-chain trading stays light. Several metrics will tell the real story over the coming weeks. Watch whether the holder count climbs well beyond the 554 to 613 range. Watch whether the share held by the top 10 wallets falls from around 74%. And watch whether DEX volume grows beyond the roughly $4.1 million recorded in the first six days.