The Big Analysis
Circle received final OCC approval to charter First National Digital Currency Bank, which will operate as Circle National Trust. The application was filed in June 2025 with conditional approval in December 2025. The entity falls under direct federal supervision, replacing Circle’s prior patchwork of state money transmitter licenses. At
The Big Analysis
Relief from Japan The main trigger for the rebound is macroeconomic. For nine consecutive days, Japanese government bond (JGB) yields climbed, threatening to trigger a massive unwinding of the "yen carry trade." In plain terms: billions of dollars borrowed cheaply in Japan and invested abroad (including in crypto)
The Big Analysis
It is a strong signal from one of Europe's largest market infrastructures. On July 1, Crédit Agricole officially launched EURXT (EURO eXchange Token), a euro-denominated stablecoin issued by CACEIS, its longstanding asset servicer (custody, settlement, fund administration). The inaugural transaction is anything but anecdotal: a subscription via
The Big Analysis
Bitcoin reclaimed the $63k zone this week, invalidating the bearish setup flagged after the $60k break. Ether outperformed with a 12% gain, and the TOTAL2ES index rose 9%. On the surface, last week's pullback has been reversed. Beneath the surface, the move's composition argues for restraint.
The Big Analysis
Bitcoin is trading around $60,000 on Monday, barely above the $58,000 hit on 25 June, its lowest level since October 2024. The rest of the crypto market (excluding Bitcoin and stablecoins, cryptocurrencies pegged to the dollar) stands at roughly $560 billion after a sharp weekly decline. Ether (the
The Big Analysis
The principle behind "Digital Asset Treasuries" (DATs), pioneered by Strategy (formerly MicroStrategy), rests on a simple mechanism: a publicly listed company raises funds by issuing equity or debt, then uses the proceeds to buy bitcoin. As long as the market values the company above the value of its
The Big Talk
You have been working in the infrastructure sector for nearly thirty years. You seem to harbour a certain frustration with the pace at which technology standards penetrate the world of finance. How do you view this evolution? My frustration is real and it goes back to 1994. At the time,
The Big News
It is a calculated sidestep. Bitstack, known as the first Bitcoin savings app in France (MiCA-licensed since June 2025), is launching Bitstack Boost on June 23, a euro yield product offering 2.51% net of fees. The service is built on the Spiko Amundi Overnight Swap Fund (SAFO). CACEIS
The Big Analysis
Bitcoin retraced from 66,000 toward the 64,000 invalidation level flagged last week, as the macro tailwind powering the rebound reversed. The pullback stayed orderly, yet flows reveal a more nuanced story than price alone. The macro backdrop tightened The Fed held its policy rate at 3.75% on
The Big Analysis
Recent 2026 disclosures from IREN, Core Scientific, Riot, TeraWulf, and Cipher show that the shift to AI is now all about how it’s being paid for. The huge cost of building new AI data centers has largely shifted off miners’ balance sheets and onto big tech companies. How the
The Big News
France is facing a binary choice: be the sole country to grant MiCA authorization to Binance, the world's largest crypto exchange (over 300 million users), or let it exit the European market. According to our sources, discussions are underway between Binance and the AMF regarding a potential MiCA
The Big Talk
Privy was acquired by Stripe in June 2025. What does this acquisition let you do that you couldn't as an independent startup? Three things, essentially. The first — and probably the most important — is that we're entering an era where stablecoins and digital assets are becoming a