Archive January 2025

For several decades, French budget management has been a source of recurring tensions, but the current situation has reached an unprecedented level. In 2025, the censorship of the budget voted by the Senate plunged the country into a major financial crisis, with losses estimated at 100 million euros per day. In the absence of a new text validated by the National Assembly, the budget for 2024 remains in effect, depriving the state of essential revenue and savings measures. Amélie de Montchalin, Minister for Public Accounts, warns about the repercussions of this deadlock and emphasizes both its economic cost and the institutional challenges it reveals.

Bitwise, a crypto asset management company, recently filed an application with the Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) based on Dogecoin (DOGE). This initiative marks an important step for Bitwise, which had already registered a Dogecoin trust in Delaware earlier this month.

The employment situation in France is experiencing a worrying deterioration. According to the latest figures published on January 27, 2025, by the Ministry of Labor, the number of unemployed job seekers without activity (category A) surged by 3.9% in the fourth quarter of 2024 compared to the previous quarter. This represents an additional 117,000 unemployed individuals, bringing the total to 3.1 million people, a level not seen in a decade, excluding the Covid-19 period.

The Arizona Senate takes a historic step towards institutional adoption of cryptocurrencies with the advancement of a bill allowing the state to invest up to 10% of its public funds in bitcoin. This initiative could trigger a wave of similar adoption in other U.S. states.

Nvidia stumbles, Bitcoin shudders. When 600 billion goes up in smoke, the flagship crypto feels the change in the wind. And if the golden future of BTC were to emerge from the ashes of tech?

On January 28, 2025, the Cboe BZX exchange filed new ETF applications focused on Solana for Bitwise, VanEck, 21Shares, and Canary Capital. Following a disappointing outcome in 2024, these initiatives aim to revive the SEC's review, marking a significant milestone for crypto adoption in traditional financial markets.

The governor of the Czech National Bank, Aleš Michl, recently proposed an ambitious plan to invest up to 7 billion dollars in Bitcoin (BTC) as part of the bank's reserve diversification strategy. This proposal, which will be presented to the bank's board of directors on January 30, 2025, could make the Czech National Bank the first European central bank to invest in Bitcoin.

After Texas, Russia is also turning to the Bitcoin industry to balance its electrical grid and reduce costs. When will France wake up? And Germany?