The Big Analysis
The last quarter left no room for ambiguity: market sentiment towards digital assets remains lacklustre. But it is for Digital Asset Treasuries (DATs) that the storm is most violent. While Bitcoin accumulation strategies are still putting up resistance, the market valuations of these players remain heavily depressed. What's
The Big Analysis
The last quarter left no room for ambiguity: market sentiment towards digital assets remains lacklustre. But it is for Digital Asset Treasuries (DATs) that the storm is most violent. While Bitcoin accumulation strategies are still putting up resistance, the market valuations of these players remain heavily depressed. What's
The Big Analysis
It has been a week of procrastination for the crypto-asset market. After hitting a low of $59,930 on 6 February, Bitcoin appears to have traded in its legendary volatility for a narrow consolidation phase, hovering between $60,000 and $70,000. Despite an attempted $10,000 bounce, the
The Big Analysis
Key takeaways * Launched in July 2024, Canton listed its token on the main exchange platforms in November 2025. * During this seed phase, institutional participants in the ecosystem built up significant token positions. * Canton benefits from the support of major players in traditional finance, who are simultaneously acting as strategic investors
The Big Analysis
This week has seen a flurry of activity in the digital asset equities market, punctuated by the much-anticipated earnings releases from Robinhood and Coinbase. These figures offer an unvarnished X-ray of the sector's still visceral dependence on market cyclicality, despite efforts to diversify. Robinhood: the paradox
The Big Analysis
Last week served as a stark reminder of the close correlation that now links crypto-assets to the traditional technology sector. Driven by a major correction in artificial intelligence-related stocks (where giants such as Amazon, Microsoft and AMD saw their valuations melt away) the risk asset segment suffered a
The Big Analysis
The market is experiencing severe turbulence. While the correction is affecting all assets, from precious metals to AI-related technology stocks (with AMD, Palantir and Microsoft posting declines of more than 10% from their peaks), one asset class is suffering a more marked disinterest: digital asset treasuries (DATs). At the
The Big Analysis
The digital assets market is going through a period of severe turbulence. Since the start of the month, global capitalisation has begun a sharp decline, giving up a further 2.3% between Wednesday and Thursday, to stand at around $2.6 trillion. Bitcoin and Ethereum have not been spared, posting
The Big Analysis
The past week has been marked by an exceptional upsurge in volatility on all commodity markets, whether physical or digital. The figures illustrate the brutality of the movement: realised volatility for silver almost doubled in less than a month, rising from 65.72 on 5 January to 111.16 on
The Big Analysis
It's a document that the financial centre and players in the crypto industry were nervously scrutinising. Concomitantly with the media La Lettre, The Big Whale was able to consult the confidential authorisation document sent by the French Treasury to Mara Holdings, the American Bitcoin mining giant, concerning the
The Big Analysis
The success of BitGo's IPO this week on the New York Stock Exchange is recognition of the regulated custody model for digital assets. And behind this operation is already taking shape one of the major events of 2026: Ledger's IPO. Positioned in the same segment, but
The Big Analysis
Key takeways * October 10, 2025 marked a turning point for the digital asset market: a wave of liquidations exceeding $19 billion caused a lasting shock of confidence among investors. * In the fourth quarter, digital assets underperformed all major asset classes. Bitcoin fell by 23.5%, Ethereum by 28.47%, and