Analysis

AI tokens are attracting capital, but how much are their market valuations backed by real technology usage? We compare Bittensor, Render, Virtuals, and Venice based on payments, customer activity, and token economics. We explore who profits from AI infrastructure, how demand affects the value of crypto assets, and what signs may indicate speculative overheating.

Markets find themselves once again caught between inflationary pressures and the risk of economic slowdown. During the week of October 12–16, the focus will be on the U.S. CPI and PPI, IMF forecasts, the oil market, data from China and the Eurozone, reports from major banks, and TSMC. We analyze which signals could change expectations regarding rates, growth, and risk assets.

Some altcoins are rapidly rising, while others continue to lag behind Bitcoin. But can we call what’s happening an altseason? We compare the indices of BlockchainCenter, CoinMarketCap, and Glassnode, analyze token performance, liquidity distribution, and demand across sectors of the crypto market. We investigate why capital is concentrating in certain assets and what signals might indicate the start of a broad rally.

Central banks are increasing their gold reserves, while the share of the dollar in global currency reserves is gradually declining. But does this mean real de-dollarization? We analyze data from the IMF, ECB, BIS, and Fed, separating gold purchases from revaluation effects, comparing strategies of the largest central banks, and determining whether gold is truly displacing the dollar from the global reserve system.

Markets entered 2026 with expectations of lower rates, but a new surge in inflation changed the scenario. We analyze what is behind the rise in prices, why the Fed, ECB, and other central banks are tightening policy again, and whether the energy shock can turn into a sustained inflation wave.

Spot ETFs, institutional investors, and corporate treasuries have already transformed the Bitcoin market. However, for a new phase of BTC growth, additional capital is needed. We explore who might become the next major Bitcoin buyer, how sustainable current demand is, and where a new wave of money might come from.

Bitcoin was created as a system to store and transfer value without banks and other financial intermediaries. A decade and a half later, the world's largest asset managers offer access to BTC through ETFs, institutional investors include it in portfolios, and the asset's dynamics increasingly depend on the overall situation in financial markets. Has Bitcoin become digital gold, or is its success gradually turning an alternative to the traditional system into just another tool of that system?