The Big Analysis
On May 12, US-based startup Anthropic (developer of the Claude LLM) published a notice leaving no room for ambiguity: any transfer of shares carried out without explicit board approval is void. Direct sales, beneficial interests, forward contracts, SPVs and tokenized securities. Nothing falls outside the scope. The timing is
The Big Analysis
Shelved “Project Freedom”, launched by the U.S. Army to secure the safe passage of oil tankers through the Strait of Hormuz, due to the refusal from Saudi Arabia to lend infrastructure to the U.S Army, rattled the market late last week, forcing Bitcoin to correct to $79k. However,
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 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 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 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 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
The Big Analysis
Last Thursday, the IMF published its first major note of 2026 on tokenization, and the framing is deliberately institutional. Rather than treating the phenomenon as a technological upgrade to existing rails, the Fund positions it as a structural migration of trust: away from regulated intermediaries and toward shared infrastructure and
The Big Analysis
Since January 2024 and the approval of the first spot Bitcoin ETFs in the United States, the market has coalesced into a de facto duopoly. BlackRock’s IBIT on one side, now surpassing $50 billion in assets under management. Fidelity’s FBTC on the other, firmly established in second place.