Sophie Renard 
The Rotterdam court ordered the bankruptcy of crypto platform Knaken after determining the company lacked sufficient assets to repay its users, leading to an orderly settlement process.
The European Union is set to impose a fine of hundreds of millions of euros on Google. The decision will test whether the EU can effectively regulate digital markets without escalating tensions with the United States.
ASML Holding NV released results during a period of significant investor concern over a selloff in AI-inflated technology stocks. The company’s results are considered particularly significant given market volatility.
Sophie Huynh, portfolio manager at BNP Paribas Asset Management, expressed views on the attractiveness of Chinese technology stocks as part of an AI rotation strategy, noting that while US leads in frontier AI models, China is approximately six months behind in development.
SWIFT launched a blockchain ledger infrastructure to support a pilot program with 17 major banks for tokenized bank deposits, focusing on improving cross-border payment speed and efficiency
Non-custodial Bitcoin exchange Bull Bitcoin filed a legal petition to strike down the French implementing decree for DAC8, claiming the regulation poses surveillance risks and physical safety concerns for approximately 135 million European cryptocurrency users
Mistral AI, a French AI startup, announced the release of a new robotics navigation model as it expands into the physical artificial intelligence sector. The company has signed deals with major European industrial customers to support this expansion.
Apple lost a legal challenge against EU antitrust enforcement actions targeting its App Store and iPhone operating system practices as part of the European Union’s broader crackdown on Big Tech companies.
Belgium’s financial regulator FSMA issued a warning to consumers about six unauthorized crypto-asset service providers that were added to its fraudulent CASP list shortly after the EU’s MiCA transitional period ended, indicating these providers were operating without proper authorization under the new EU crypto regulation.
Ludovic Subran, chief investment officer and chief economist at Allianz, stated that there is insufficient evidence to classify the AI trade as being in bubble territory. He highlighted that emerging-market stocks appear more attractive due to semiconductor demand, while cautioning that Europe may fail to capitalize on the AI dividend.