Laurent Pignot

Crypto companies: is the party over?

From Wall Street to Tokyo, the euphoria of the crypto summer is finishing up as a hangover. Companies that built their valuations on mountains of bitcoin are seeing their shares plummet, a sign that the craze for "crypto treasuries"-balance sheets boosted by cryptocurrencies, particularly bitcoin-is beginning to show its flaws. We discuss this in Cryptto review, after this week's essential news.

September 11, 2025 at 12:22 pm IST

Physical gold, Tether's new playground

Tether, the stablecoin giant with USDT, wants to invest in gold mining. After building an empire of $168 billion in USDT in circulation and raking in $5.7 billion in profits in the first half of the year alone, the company led by Paolo Ardoino is now looking to turn some of its crypto gains into real metal.

September 10, 2025 at 10:50 am IST

WLFI, the Trump family's crypto, already valued at over $4bn - Crypto review

On Monday, WLFI crypto-the flagship of World Liberty Financial, a project directly linked to the Trump family-made its debut on the markets. The launch was expected to be spectacular, but it quickly turned into a roller coaster ride: an initial surge, massive sell-offs, then an express buyback proposal to try to prop up the price. We discuss this in today's Crypto Analysis, after this week's key news.

September 04, 2025 at 01:13 pm IST

After MicroStrategy's Bitcoin bet, here comes BitMine's Ethereum bet

+886%. That's BitMine Immersion Technologies' stratospheric performance since the end of June. In the space of a few weeks, the company has gone from obscurity to prominence, rising to the top of a still-unexplored territory: the massive accumulation of ether (ETH), the native cryptocurrency of the Ethereum blockchain.

September 03, 2025 at 01:43 pm IST

Strategy: Saylor's secret weapon loses steam - Crypto review

Michael Saylor, who has become Bitcoin's most vocal advocate, is already adjusting the corporate financing rules he set just a few weeks ago. His bold plan-to trade massive sales of common stock for a more sophisticated instrument, perpetual preferred stock-is faltering in the face of market realities. We discuss this in this Cryptic Analysis, after this week's essential news.

August 21, 2025 at 09:11 pm IST

Google bets $3.7 billion on Bitcoin miner TeraWulf

Google is officially entering the Bitcoin mining game. And not with a small step… but with a $3.7 billion investment in TeraWulf, a US player already well established in mining and high-performance computing (HPC) hosting.

August 18, 2025 at 01:35 pm IST

Trump opens US pensions to Bitcoin and private equity

Donald Trump has just signed an executive order that opens the doors of the colossal US pension market - worth around $9 trillion in assets - to cryptocurrencies, private equity and a range of alternative assets, ranging from real estate transactions to private placements.

August 11, 2025 at 12:55 pm IST

Stablecoin Tether, more profitable than ever - Crypto review

Tether is no longer content with issuing the world's most valuable stablecoin: it is also printing record profits at a dizzying pace. With nearly $5bn in profit in a single quarter, the USDT giant now outperforms many multinationals. We discuss this in the Crypto Analysis, after this week's essential news.

August 07, 2025 at 02:45 pm IST

Corporate crypto treasuries exceed the $100bn mark in cryptocurrencies

Corporate crypto treasuries have just passed a symbolic milestone: over $100bn in cryptocurrencies now sit in the digital vaults of listed companies.

August 05, 2025 at 01:19 pm IST

US banks up in arms against the rise of stablecoins - Crypto review

Faced with the rapid rise of stablecoins, major US banks are taking action to slow down the integration of Web3 giants into the banking system. Circle, Ripple, Fidelity: they all want to become their own banks, with federal licenses. However, for traditional banks, this is an existential threat - and they intend to stop it in its tracks. We discuss this in the Crypto Analysis, after this week's essential news.

July 31, 2025 at 12:55 pm IST

JPMorgan opens up to crypto: Bitcoin-backed loans coming soon? - Crypto review

The CEO of JPMorgan, once a fierce opponent of Bitcoin, is now considering lending dollars to customers in exchange for cryptocurrencies. What Wall Street refused yesterday is now becoming a new frontier in banking. We discuss this in this Crypto analysis, after the essential news to remember this week.

July 23, 2025 at 07:33 pm IST

Crypto companies face the fatal trap of Bitcoin - Crypto roundup

In Q2 2025, companies purchased over 159,000 BTC in three months - an unprecedented influx that brings their total holdings to 847,000 BTC, or 4% of the global supply. An insatiable appetite… although behind this frenzy lies a formidable mechanism: the trust premium (mNAV), a lever for growth… or a death spiral. We discuss this in the Cryptic Analysis, after this week's essential news.

July 17, 2025 at 02:54 pm IST

Tether, gold, and the invisible vault: the secret $8bn strategy - Crypto review

Tether, the issuer of USDT, is no longer content to play on digital markets. It is hoarding, both secretly and physically nearly 80 tons of gold-worth $8bn-are now stored in a top-secret Swiss bunker owned by the company itself. We discuss this in the Cryptic Analysis, after this week's main news headlines.

July 10, 2025 at 02:20 pm IST

Nvidia reaches $4 trillion in market capitalization: an historic first

This is a new milestone for Wall Street. Nvidia has become the first publicly traded company to reach a market capitalization of $4 trillion, driven by the explosion of generative artificial intelligence.

July 09, 2025 at 08:09 pm IST

$7.4bn and +80%: the boom in tokenized Treasury funds

A new wind is blowing on the rate markets. While crypto traders have been looking for years for a place to put their excess cash between trades, an alternative to stablecoins is gradually emerging: tokenized money market funds. They are more liquid, more profitable… and above all, compatible with the future of programmable finance.

July 08, 2025 at 01:55 pm IST

Robinhood soars on stockmarket after tokenizing Wall Street - Crypto review

Robinhood triggers an earthquake in global finance. In Cannes, the platform unveiled a radical shift towards blockchain-based finance, promising a Nasdaq open 24 hours a day, five days a week, accessible via a mobile app. Yet, behind the boldness, grey areas remain: vague regulation, uncertain ownership, and product complexity. We discuss this in the Cryptic Analysis, after this week's essential news.

July 03, 2025 at 01:55 pm IST

Emerging markets: 2025 marks best start since 2017

After several years of underperformance, emerging market stockmarkets have made a spectacular comeback since the beginning of 2025. Driven by a combination of favorable macroeconomic factors—global monetary easing, capital inflows, stable commodity prices, stronger currencies, and geopolitical calm—the MSCI Emerging Markets Index has risen by around 14% since January, marking its best start to a year since 2017.

July 02, 2025 at 03:21 pm IST

Polymarket joins the very exclusive club of crypto unicorns - Crypto recap

The decentralized betting platform has just raised $200m, achieving unicorn status… even though it is banned in the United States. With more than $3bn traded on the "Trump vs Harris" bet in 2024, Polymarket is establishing itself as the crypto barometer of global opinion — and as the bête noire of regulators. We discuss this in the Cryptic Analysis, after this week's essential news.

June 26, 2025 at 02:04 pm IST

Europe wants to repatriate its gold from the US. And this is not insignificant.

Amid geopolitical tensions, the possible return of Trump, mistrust of the Fed, and skyrocketing gold prices, Berlin and Rome are questioning an 80-year-old tradition: leaving their gold bars in New York. While France has already secured its coffers in Paris, Germany and Italy are wondering whether their gold is still safe on the other side of the Atlantic.

June 24, 2025 at 05:50 pm IST

The anti-shitcoin guide - Crypto review

In the crypto jungle, the mantra "DYOR" — Do Your Own Research — is everywhere… but rarely applied. Having become more of a meme than a method, it often serves as a moral shield rather than a real invitation to dig deeper. And yet, by following the siren calls of marketing or imitating the portfolios of influencers, many get burned. Doing your own research is not an option: it's the only way to survive in a market where illusion is sometimes more beautiful than reality. We discuss this in the Cryptic Analysis, after this week's essential news headlines.

June 19, 2025 at 01:17 pm IST

Circle: Wall Street's new star - Crypto review

The issuer of the USDC made a sensational debut on the stockmarket, multiplying its valuation by 2.7 in a single day. However, behind this record IPO lies much more than just a stablecoin. Circle is building a tokenized, modular, regulated financial infrastructure — and it's ready to compete with the traditional banking system. We discuss this in the Cryptic Analysis, after this week's essential news.

June 12, 2025 at 01:56 pm IST