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 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 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 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 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
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
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 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 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'
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,
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)
Tempo has yet to launch its network, but its impact is already being felt. This blockchain, designed by Stripe in partnership with the Paradigm fund, has completed one of the biggest fundraisings in the sector since 2022. According to Fortune, Thrive Capital, led by Joshua Kushner, and Greenoaks led the
The Big Talk
We've seen signs of stress around private credit and US regional banks. Is this a real issue or just a passing warning? Yes, it is a real stress signal. In recent weeks, several players have announced bankruptcies or losses (First Brands, Tricolor, Zions Bank). All this shows that
The Big Analysis
Speakers * Emma Lovett, Markets DLT & Executive Director at JPMorgan Chase * Michael Bentley, Cofounder & CEO at Euler Labs * Bilal El Alamy, Cofounder & CEO at Zaïffer DeFi vs TradFi: A Hybrid Future * "Full automation is a myth." Real-world assets need manual pricing and liquidity; a hybrid model
The Big News
It all began quietly on Wednesday, October 9 at 3 p.m. (Paris time). Beijing announced new restrictions on the export of rare earths, those materials essential to the manufacture of semiconductors and green technologies. From now on, any product containing more than 0.1% rare earths of Chinese origin
The Big News
After watching impassively as the BlackRock tidal wave washed away everything in its path, Amundi is taking the plunge. According to our information, Europe's leading asset manager is preparing to launch its own bitcoin ETNs - the European equivalent of US ETFs. The launch is scheduled for early
The Big News
Yet another bank initiative in the world of stablecoins. Following the announcement by ING, UniCredit and seven other European banks, it is now the turn of ten of the world's largest institutions - including Bank of America, Goldman Sachs, Deutsche Bank, BNP Paribas, Santander and UBS - to
The Big Analysis
The third quarter continued the rebound seen at the end of the second quarter, marked first by the US tariff tantrum and then by the market rally following the announcement of a 90-day trade truce. Against this backdrop, risky assets performed exceptionally well: Bitcoin and Ethereum hit new all-time highs,
The Big Analysis
Pump.fun has established itself as one of the most controversial projects in the ecosystem. For some, it is nothing more than a digital casino, a pure speculation engine that feeds the most conspicuous excesses of crypto. For others, on the contrary, it is an example of a simple, viral
The Big Analysis
Until now, the stablecoin giants have posted outstanding profitability, to the point of being among the most profitable companies in the world in relation to the number of employees. But the change in direction of US monetary policy could well cause an earthquake: Circle and Tether, long seated on a
The Big News
SWIFT is accelerating its move into blockchain. According to our information, the interbank network has chosen Linea, the layer 2 developed by the American company Consensys, to experiment with the transition of its messaging system "onchain". More than a dozen banks are taking part in the trial, including
The Big Focus
Nigeria has established itself as the heart of the African crypto ecosystem. With a 99% awareness rate according to Consensys (a world record) and second place in Chainalysis' Adoption Index, the country is attracting all eyes. Between July 2023 and June 2024, it concentrated 47% of sub-Saharan Africa'
The Big News
This could be the start of a turning point for European digital finance. Nine banking institutions, including ING, UniCredit and CaixaBank, announced on Thursday the creation of a consortium to launch a MiCA-compliant euro stablecoin. The issue is planned for the second half of 2026, under the supervision of the
The Big News
Tether has never ceased to surprise. The issuer of USDT, the world's largest stablecoin with a capitalisation of $172 billion, is reportedly in talks with investors to raise between $15 billion and $20 billion. According to Bloomberg, the deal would target around 3% of the capital and value