The Big Talk
The Big Whale: You have just obtained your MiCA approval from the French market authority. Why is this so important? Jérôme de Tychey: More and more companies want to get a foothold in the world of onchain finance and they want to work with regulated players. So it's
The Big Analysis
Key takeaways * Coinbase is the main driver of crypto M&A in 2025, with nearly 19% of committed amounts in an exploding market (+532% year-over-year). * The strategy aims to transform the business model, from a simple spot exchange to an integrated platform (derivatives, venture capital, services, prediction markets). * Deribit
The Big News
This is a potential turning point in the tax regulation of digital assets in France. Last Tuesday, an amendment tabled by the Communist Party was passed, aimed at requiring holders of cryptocurrencies to declare their "self-custody" portfolios to the tax authorities, once their value exceeds €5,000. A
The Big Talk
The Big Whale: You're in Abu Dhabi for Abu Dhabi Finance Week. What brings you here and what specific opportunities do you see in the UAE? Brian Armstrong: We're very excited about investing more in the UAE. The country has become a global hub, both for
The Big Analysis
This is a major strategic shift that is being played out discreetly in Berne. Until 6 February 2026, the Federal Council is consulting the industry on a comprehensive revision of the financial markets laws, including money laundering and financial institutions. While the stated intention is to modernise the system following
The Big Analysis
The essentials * A structural pivot: MARA is emerging from all-mining to become a hybrid conglomerate (AI, energy infrastructure) and a "Bitcoin treasury company" (53,000 BTC). * Financial fragility: Behind book profits driven by asset valuations, the group is burning through operating cash and financing its growth through dilution.
The Big Analysis
The crypto-asset market this Sunday offered a glimpse of what the coming end-of-year weeks could be like: erratic and violent. In an environment of low liquidity, Bitcoin swung wildly between $88,000 and $92,000, while Ethereum made a jump from $2,910 to $3,150. For analysts at QCP
The Big News
A small revolution. After more than a year of development, customers of the BPCE banking group will be able to buy and sell cryptocurrencies from Monday - a first in France for a major traditional bank, while BPCE manages more than €900 billion in assets and reaches nearly one in
The Big Analysis
In brief * Industrial breakthrough: Scheduled for this evening, the "Fusaka" update allows Ethereum to aim for 100,000 transactions per second. A theoretical capacity greater than that of Visa, essential to absorb global financial flows. * Operational gains: this overhaul of the infrastructure should reduce the costs of secondary
The Big Analysis
Briefly * Gold jumped more than 50% in 2025 * Tether became one of the world's biggest gold buyers * Tether (XAUT) and Paxos (PAXG) tokens dominate the tokenised gold market, which is still tiny with around 80,000 holders. * MKS Pamp, a historic player in gold, is entering tokenisation with
The Big Talk
The Big Whale: A year after raising €5 million, you're capping a $15 million Series A round. What is your objective? Alexandre Roubaud: There are three priorities behind this round. Firstly, international expansion. Until now, Bitstack was only present in France. With MiCA approval, we're going
The Big Talk
The Big Whale: We're seeing gold really take off at the end of 2025. How would you describe the state of the market today? Benjamin Louvet: The market is in turmoil: since January, gold has gained more than 50% and is trading at historic levels. Geopolitics is often