Hyperliquid reached an inflection point this week. Two U.S. spot ETFs — 21Shares’ THYP on Nasdaq and Bitwise’s BHYP on NYSE — launched between May 12 and 14, 2026, delivering the first regulated exposure to HYPE, the protocol’s native token. Market reaction was emphatic. On May 21 alone, the
Starting July 1, European players without a MiCA licence will no longer be able to operate. Dfns registered as a DASP with France's AMF for the custody component back in 2023. Was that a defensive bet? Absolutely. We see ourselves as a technology provider, not a financial services
The Big Whale: You run a tech unicorn. What has AI concretely changed in the way you manage Zama? Rand Hindi: The most visible decision is how we manage headcount. We've stopped hiring until every team has integrated AI into their day-to-day work. When someone tells me they&
Kaiko's acquisition of Cometh caught part of the market off guard. On paper, it's hard to see where a data provider and a DeFi infrastructure specialist converge. What's the logic here? You have to understand that Kaiko is built on three pillars. The first
BNP Paribas has been running digital asset experiments for several years now. What is your assessment? We are focused on the tokenization of financial instruments. We have tested several formats: project finance, debt, money market fund units, and we participated in the ECB's experiments on wholesale central bank
The weekend sell-off once again confirmed what markets already know: digital assets remain tightly correlated to the macroeconomic environment. Bitcoin fell roughly 6% over seven days, ending the week in the $78,000 zone after opening around $82,000. The trigger: an April CPI print at 3.8% year-over-year (versus
Let's start with a quick look back. How did Stokr come about, and where does it stand today? STOKR was founded in 2018 in Luxembourg. Our initial focus was on SME financing through digital securities issuances. Over time, our product-market fit shifted toward the Bitcoin ecosystem. A substantial
On May 12, US-based startup Anthropic (developer of the Claude LLM) published a notice leaving no room for ambiguity: any transfer of shares carried out without explicit board approval is void. Direct sales, beneficial interests, forward contracts, SPVs and tokenized securities. Nothing falls outside the scope. The timing is no
The Big Whale: The GENIUS Act passed with broad bipartisan support. The CLARITY Act is now entering committee markup. How do the two bills fit together? Dante Disparte: You can't think about the CLARITY Act without the GENIUS Act. A European observer would get this intuitively: with MiCA,
Shelved “Project Freedom”, launched by the U.S. Army to secure the safe passage of oil tankers through the Strait of Hormuz, due to the refusal from Saudi Arabia to lend infrastructure to the U.S Army, rattled the market late last week, forcing Bitcoin to correct to $79k. However,
Strategy (formerly MicroStrategy) has always warned shareholders: if push came to shove, the company might have to sell some of its Bitcoin to cover financial commitments. Until now, that scenario felt distant. Not anymore. Michael Saylor, the group's executive chairman, acknowledged on May 5 that paying dividends on
Coinhouse ticks a lot of operational boxes: MiCA authorisation in progress, over 50 employees, significant assets under management. Few French players show this level of maturity. How do you explain it? First, let's add some nuance. There are a few French players of meaningful size. Bitstack, for instance,