The Big Analysis
The IPO may be on ice, but the money keeps flowing. Deutsche Börse Group just acquired a strategic 1.5% stake in Kraken for $200 million. The deal comes only months after the platform shelved its plans to go public, caught off guard by a souring market. The agreed valuation
The Big Analysis
It's the kind of launch that caught nearly the entire European digital asset ecosystem off guard. All of it, really. On Monday, French company Heuro SAS announced it had issued €600 million worth of its new HEURO stablecoin, with part of the reserve set to be invested in
The Big Talk
You've announced that HEURO has crossed the 600 million euro mark in circulating stablecoins. What does that figure mean relative to the existing market? Depending on estimates, there were between 400 and 700 million euros' worth of euro stablecoins in circulation before our issuance. With our additional
The Big Analysis
The Council of Economic Advisers (CEA), a panel of three prominent economists who advise the President of the United States, published a study on April 8 that seriously undermines the American banking lobby's stance on stablecoin yields. With the Senate committee vote on the CLARITY Act scheduled for
The Big Talk
Tell us about Dowsers. What exactly do you do? We do formal verification for on-chain finance. It's the highest level of software security that exists — and that's not an opinion, it's a scientific fact. To give you a concrete reference: the three automated metro
The Big Analysis
Last Thursday, the IMF published its first major note of 2026 on tokenization, and the framing is deliberately institutional. Rather than treating the phenomenon as a technological upgrade to existing rails, the Fund positions it as a structural migration of trust: away from regulated intermediaries and toward shared infrastructure and
The Big Talk
The Big Whale: Google just published a research paper that is generating a lot of buzz in the crypto ecosystem. Can you explain in simple terms what it's about? Charles Guillemet: Google has introduced a new algorithm that, in theory, can break ECDSA, i.e. elliptic curve cryptography,
The Big News
This is a world first. French exchange Lise is preparing to carry out the first-ever initial public offering on a natively tokenised infrastructure. Scheduled for 9 April, the transaction involves ST Group, an industrial SME in the aerospace and defence sector based near Toulouse, which is targeting a raise of
The Big Talk
What is AllUnity's business model and what are your main sources of revenue? We are stablecoin issuers. AllUnity is a German electronic money institution, licensed by BaFin in Germany, fully compliant with the MiCA regulation. Our initial model, like that of all issuers, is built on interest generated
The Big Analysis
Since January 2024 and the approval of the first spot Bitcoin ETFs in the United States, the market has coalesced into a de facto duopoly. BlackRock’s IBIT on one side, now surpassing $50 billion in assets under management. Fidelity’s FBTC on the other, firmly established in second place.
The Big Analysis
The Iranian crisis has served as an unexpected stress test for decentralized trading infrastructure — and the results deserve close attention from asset allocators. While traditional venues observed their usual opening hours, DeFi platforms operated without interruption, absorbing a wave of activity that had little to do with crypto itself. The
The Big Talk
Bitstack's Series A (15 million dollars) was completed last December. Why open the capital to the public so quickly? From the very beginning, every time we announced a major milestone, the same question came back from our clients: "Can we participate, and how?" This wasn'