The Big Analysis
Derivatives occupy a central place in the crypto ecosystem. They now account for the majority of traded volumes (around 76% according to Kaiko), but their regulatory status remains in flux. Each jurisdiction is moving at its own pace, between the desire to regulate innovation and the need to protect investors.
The Big Analysis
Maple Finance has become a textbook case in the digital asset ecosystem. Designed as an institutional lending platform, the protocol is aimed at an audience familiar with financial markets, but looking to exploit the opportunities offered by blockchain infrastructure. It's intriguing positioning: Maple claims the role of on-chain
The Big Analysis
The stablecoin market continues to grow rapidly, driven by rising capitalisation and increasingly widespread adoption by major financial and technology players. Tether remains the undisputed leader, with a net profit of $4.9 billion recorded in the second quarter of 2025, proof of the intensity of demand. On the fintech
The Big Analysis
Ethena has rapidly established itself as a central player in the stablecoin market, combining a yield-generating synthetic dollar (USDe) and an institutional version backed by BlackRock's BUIDL fund (USDtb). But behind this innovative architecture, between delta-neutral strategy, institutional integration and plans to list on Nasdaq, the protocol remains
The Big Analysis
The rise of stablecoins is transforming the payments sector and accelerating the shift towards transactions carried out directly on blockchains. Faced with this development, incumbent players such as Visa and Mastercard are not standing on the sidelines: they are gradually opening up to cryptocurrencies and stepping up initiatives in the
The Big Analysis
What you need to know before you start Ostium is a decentralised trading platform built on Arbitrum. It mainly offers trading in perpetual contracts on traditional financial assets: commodities, currencies, corporate shares or even indices such as the S&P 500. Unlike most decentralised platforms that rely on an
The Big Analysis
What you need to know before you start Linea is a layer 2 of Ethereum that relies on a different approach to establish itself in an already dense market. Its positioning is based on four pillars: direct alignment with Ethereum, tokenomics designed for its users, privileged integration with Metamask and
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What you need to know Launched in February 2025, HyperEVM is a general-purpose blockchain that operates independently of the Hyperliquid trading platform. The two projects are nonetheless linked: the stated ambition is to gradually bring the two layers together to build a coherent ecosystem, centred on decentralised finance. Still young,
The Big Analysis
Since its first trials with bitcoin in 2014, Stripe has always kept a close eye on crypto-assets as payment methods. After dropping support for BTC in 2018, the US company has relaunched its strategy, this time betting on stablecoins. The acquisition of startup Bridge for $1.5 billion marked a
The Big Analysis
After a first quarter marked by profit-taking and a tense macroeconomic environment, the second quarter of 2025 showed a clear recovery in the crypto markets. Bitcoin hit a new all-time high of almost $113,000, compared with a low of around $74,000 in April. That's an increase
The Big Analysis
Bitcoin is increasingly attracting institutions looking for an alternative form of collateral and an asset deemed particularly resilient. In recent months, several US states, including New Hampshire, Arizona and Texas, have passed legislation to incorporate Bitcoin into their reserves, signalling a shift in adoption beyond the circle of individuals and
The Big Analysis
The institutional appetite for Bitcoin began in 2020 with the first strategies for listed companies to buy BTC. But it really asserted itself with the arrival of spot Bitcoin ETFs in January 2024. The largest asset managers then gave their clients access to the asset via regulated, structured products that