The Big Analysis
In brief * Bitcoin has lost more than 20% since its ATH, technically entering a bear market. * Two possible paths: a short correction or a full-blown post-halving bear market. * The macro context works in the opposite direction, however: monetary tightening is over, limiting the risk of a prolonged cycle. Has Bitcoin
The Big Analysis
Switzerland likes discretion, especially when it comes to its finances. But behind the hushed tone and stated neutrality of the Swiss National Bank (SNB), a bold move seems to be taking shape: that of exposure, albeit indirect, but very real to Bitcoin. For several months, a debate has been running
The Big Analysis
The party seems to be over, for a while at least. In the space of a few weeks, Bitcoin has lost more than 20% of its value, falling below the symbolic $100,000 mark in early November before stabilising at around $105,000. Ethereum and Solana have suffered even more,
The Big News
The debate on the taxation of crypto-assets has crept into the bill to establish a budget for France in 2026. Two amendments tabled by MPs Virginie Duby-Muller (Les Républicains) and Paul Midy (Renaissance) proposed creating a specific tax framework for governance tokens, crypto-assets giving voting or initiative rights over decentralised
The Big News
The now high-profile "Mara-Exaion" deal could take a new turn. According to information from The Big Whale, the contract for the sale of Exaion to US bitcoin miner Mara Holdings contains a provision that has gone almost unnoticed but is fraught with consequences for EDF and France: for
The Big News
The European Central Bank (ECB) announced on 30 October the launch of a new phase in the digital euro project. After two years of preparatory work, the Eurosystem is now entering the technical phase, designed to prepare for a potential first issue by 2029. If the European regulation is adopted
The Big Analysis
This analysis was carried out in collaboration with Castle Labs. Introduction Digital Asset Treasuries (DATs) - or digital asset treasuries - have become an increasingly popular mechanism for attracting interest from traditional finance (TradFi) into major crypto-assets such as Bitcoin (BTC) and Ethereum (ETH). We are now seeing a wave
The Big News
Financial players' interest in digital assets continues to grow. IBM intends to position itself at the heart of this dynamic. According to our information, the American group is preparing to launch, by the end of 2025, a crypto services platform for its institutional clients (companies and organisations), primarily banks.
The Big Talk
The Big Whale: Ledger has just presented a new Nano model. What does this product actually change? Charles Guillemet: The idea behind the new Nano is to continue developing our range while making our products more accessible. We've kept the concept of the e-ink touch screen, which significantly
The Big Talk
The Big Whale: You've just launched your stablecoin, EUROD, a project that ODDO BHF has been working on for over two years. Why this launch now? Have the announcements of other projects, in particular European consortia, prompted you to accelerate? Guy de Leusse: As you know, we'
The Big Analysis
Artificial intelligence agents are gradually emerging as a new category of autonomous actors capable of interacting with the real world. These digital entities, equipped with reasoning, memory and access to external data, can search, book, pay or perform complex tasks without direct human intervention. Through the integration of digital wallets,
The Big Analysis
After years of preparation and collaboration with European regulators, Lise has become the first French player authorised to operate a DLT TSS system (pilot regime). This licence, granted under the European pilot regime (DLTPR), allows Lise to combine the functions of multilateral trading facility (MTF) and central securities depository (CSD)