The Big Analysis
Strategy (formerly MicroStrategy) has always warned shareholders: if push came to shove, the company might have to sell some of its Bitcoin to cover financial commitments. Until now, that scenario felt distant. Not anymore. Michael Saylor, the group's executive chairman, acknowledged on May 5 that paying dividends on
The Big Talk
Coinhouse ticks a lot of operational boxes: MiCA authorisation in progress, over 50 employees, significant assets under management. Few French players show this level of maturity. How do you explain it? First, let's add some nuance. There are a few French players of meaningful size. Bitstack, for instance,
The Big Analysis
On May 1, Senators Thom Tillis (R-NC) and Angela Alsobrooks (D-MD) released the CLARITY Act compromise on stablecoin remuneration. As expected, the text prohibits passive yield on stablecoins in order to protect bank deposits, while allowing rewards tied to actual usage. The two senators, from opposite sides of
The Big News
Where do CASPs stand in their authorization process? Who has already obtained their licence? What do the ESMA guidelines actually require? And what are the risks for those who are not ready? This webinar is an operational state of play hosted by The Big Whale and Homsy Legal: for CEOs,
The Big Analysis
Western Union announced during its Q1 2026 earnings call that USDPT, its Solana-based stablecoin, would go live next month. CEO Devin McGranahan didn't mince words: "The question is no longer whether Western Union will be active in digital assets, but how fast we can scale."
The Big Analysis
The latest major DeFi hacks — the LayerZero bridge exploit on Kelp DAO ($293 million in rsETH drained on April 18) and the compromise of Drift Protocol's admin key ($285 million on April 1) — didn't just make headlines because of the dollar figures involved. The real shock
The Big Talk
Before we begin, we'd like to address the Kelp hack over the weekend. It triggered a major liquidity crisis on Aave, with nearly $10 billion frozen. How did Morpho weather the episode? There was zero contagion on Morpho, and that's exactly the point. We built an
The Big Analysis
Two significant exploits, within three weeks of each other, have again exposed the fragility of DeFi infrastructure. On April 2, Solana-based perpetuals protocol Drift was drained of approximately $286 million in a suspected DPRK (Democratic People's Republic of Korea )-linked attack, according to blockchain analytics firm Elliptic.
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