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BNP Paribas Launches Six BTC, ETH ETNs for French Retail Clients

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Crypto Breaking News

BNP Paribas is expanding its investment lineup in France by launching six crypto-linked exchange-traded notes (ETNs) that track the prices of Bitcoin and Ether. The regulated notes will be available to retail clients from Monday through standard securities accounts and Hello bank!, the group’s digital platform, with a potential extension to wealth-management clients outside France in the future.

According to the bank, these ETNs provide a regulated way to gain exposure to crypto price movements without owning the underlying assets. They are described as carrying issuer credit risk (if BNP Paribas were to fail, investors could lose money), but offer no tracking error and certain tax advantages compared with direct crypto ownership. The move underscores BNP Paribas’ broader push into digital assets and its ongoing exploration of blockchain-enabled finance.

Key takeaways

  • BNP Paribas launches six crypto-linked ETNs in France, tracking BTC and ETH, accessible via standard securities accounts and Hello bank!.
  • ETNs provide regulated crypto price exposure without direct asset ownership, but entail issuer credit risk and potential tax advantages relative to holding crypto directly.
  • The rollout aligns with BNP Paribas’ broader digital-asset strategy, including past milestones in tokenization and blockchain collaborations.
  • European adoption of crypto-linked ETNs is accelerating, with ING Germany expanding its lineup and the UK reintroducing crypto ETNs to retail investors after regulatory changes.

A regulated path to crypto exposure

The six ETNs are indexed to Bitcoin and Ether, offering investors a way to track the digital assets’ price movements without custodying the coins themselves. BNP Paribas stated the notes will be available from Monday via standard securities accounts and Hello bank!, and the offering is open to individual investors, entrepreneurs, private banking clients and Hello bank! users. The bank indicated the rollout could later extend to wealth-management clients outside France.

BNP Paribas framed the products as a regulated gateway to crypto exposure, contrasting with direct purchases from crypto exchanges. While ETNs carry issuer credit risk—a default by the issuer could impact principal—the notes are described as having no tracking error and certain tax advantages compared with holding crypto directly, according to the issuer’s description.

BNP Paribas’s broader digital-asset push

The launch sits within BNP Paribas’ broader strategy to integrate digital assets into its operations. In 2024, the bank arranged and placed Slovenia’s first digital sovereign bond, marking the European Union’s debut in blockchain-based government debt issuance. The move signaled a continued push into tokenization and blockchain-enabled finance across public and private markets.

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BNP Paribas has also deepened its participation in the Canton ecosystem. The bank joined the Canton Foundation, alongside HSBC, to govern the Canton Network—a blockchain-focused initiative aimed at institutional finance and real-world asset tokenization. In parallel, BNP Paribas Asset Management supported Digital Asset’s Canton-driven initiatives and, more recently, launched a tokenized share class of a money-market fund on the Ethereum blockchain to explore fund tokenization using public infrastructure. The bank’s broader activity in tokenization extends from public networks to earlier private blockchain issuances in Luxembourg.

Europe’s growing appetite for crypto ETNs

The appetite for crypto-linked ETNs is broadening across Europe. In Germany, ING began adding new products from Bitwise and VanEck to its investment lineup, expanding access to regulated notes that provide crypto exposure through traditional channels. In the United Kingdom, crypto ETNs re-entered the retail market in October 2025 after the Financial Conduct Authority reversed a ban it had imposed in 2021, signaling a shift toward regulated access for retail investors.

As major banks expand regulated crypto offerings and public-blockchain pilots, observers are watching how these products scale beyond domestic markets and how evolving regulatory guidance shapes investor protections, tax treatment, and product design. The path forward will likely hinge on issuer risk management, cross-border distribution, and the degree to which traditional financial infrastructure can accommodate evolving crypto assets at scale.

Keep an eye on whether BNP Paribas expands the ETN rollout beyond France, how European regulators refine rules around crypto-linked notes, and what these developments imply for wider adoption of regulated crypto access across the region.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Berkshire Hathaway (BRK.A) Faces Eight-Day Slide Under Greg Abel’s Leadership

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BRK-B Stock Card

Key Takeaways

  • Both BRK.A and BRK.B shares have declined for eight consecutive trading days — the most extended losing period since late 2018
  • Class A shares are down 4.7% while Class B has fallen 4.9% from their March 17 closing highs
  • Fourth quarter 2025 operating profits declined approximately 30% compared to the previous year, totaling $10.2 billion; insurance underwriting profits plunged 54%
  • CEO Greg Abel reinitiated share repurchases on March 4 and acquired $15.3 million of company stock personally
  • The conglomerate acquired approximately 2.5% of Tokio Marine Holdings for $1.8 billion, with shares jumping 24% following the announcement

Berkshire Hathaway is experiencing an eight-session consecutive decline — marking the most prolonged downward streak since December 2018. Since closing positively on March 17, Class A shares have retreated 4.7% while Class B shares have dropped 4.9%.


BRK-B Stock Card
Berkshire Hathaway Inc., BRK-B

Broader market turbulence has compounded the pressure. The S&P 500 has declined 5.2% during the identical timeframe and sits approximately 7% lower year-to-date, amid its own five-week consecutive downturn. Escalating energy costs and geopolitical tensions stemming from the Iran situation continue to dampen investor confidence.

The timing presents challenges for Berkshire. Greg Abel formally assumed the CEO position at the beginning of 2026, while Warren Buffett transitioned to the chairman role. Shares have tumbled more than 13% since Buffett’s announcement last year regarding his planned departure from the chief executive position.

The company’s financial performance added to investor concerns. Fourth quarter 2025 operating profits totaled $10.2 billion, representing approximately a 30% year-over-year decline. Full-year operating earnings reached $44.5 billion, down 6% compared to 2024.

Insurance underwriting operations proved particularly challenging, plummeting 54% year-over-year during Q4 to $1.56 billion. While this comparison faced a particularly robust prior-year baseline, the results nonetheless rattled market participants when disclosed on February 28.

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BNSF, Berkshire’s railroad subsidiary, continues grappling with margin compression due to elevated diesel expenses. The conglomerate’s consumer-focused and manufacturing operations also face headwinds from increased energy costs that are squeezing consumer spending power.

Abel Takes Action

Notwithstanding the negative price momentum, Abel has acted decisively to communicate his capital deployment philosophy. Berkshire restarted its share repurchase program on March 4 — marking the first buyback activity since May 2024. Abel informed CNBC that the company repurchases shares when they trade beneath intrinsic value, signaling his belief that current prices represent value.

He additionally revealed a personal investment of $15.3 million in Berkshire shares and pledged to invest his complete after-tax compensation in company stock annually throughout his tenure as chief executive.

Berkshire concluded 2025 holding $373.3 billion in cash, cash equivalents, and Treasury bills, slightly down from the third quarter record of $381.6 billion but still representing among the largest corporate cash reserves worldwide.

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Tokio Marine Investment

In a notable transaction announced this week, Berkshire’s National Indemnity insurance subsidiary invested $1.8 billion to acquire just under 2.5% of Tokio Marine Holdings — Japan’s most established insurance enterprise.

Tokio Marine shares rocketed more than 24% after Monday’s disclosure. The position now carries a market value approaching $2.3 billion.

Berkshire retains the flexibility to expand its ownership to just below 10% via open-market transactions. Any holdings exceeding that threshold necessitate board authorization.

The transaction was directed by Ajit Jain and reportedly included Buffett in a consultative role. Tokio Marine issued fresh shares to facilitate the acquisition and intends to execute equivalent buybacks to maintain share count neutrality.

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Both organizations will work together on reinsurance opportunities and jointly evaluate strategic investment prospects. Tokio Marine characterized the arrangement as a “long-term strategic relationship.”

Berkshire’s current portfolio of five Japanese trading companies — Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo — have appreciated between 42% and 124% during the past 52 weeks, with aggregate market capitalization exceeding $44 billion.

Mitsubishi reached a record closing price on Friday.

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DeepSnitch AI’s 210% Launch Rally as GameStop Squeezes Yield from Bitcoin

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DeepSnitch AI's 210% Launch Rally as GameStop Squeezes Yield from Bitcoin

GameStop didn’t sell its Bitcoin stash; it pledged it to Coinbase for a covered-call strategy. By capping its upside at a $105,000 strike price, GameStop evolved its treasury from passive holding into active yield generation.

But while corporate giants squeeze fixed-income premiums from established assets, retail investors are hunting for explosive price discovery. DeepSnitch AI (DSNT) delivers exactly that.

With $2.6 million raised and five live AI agents already giving traders an institutional-grade intelligence edge, DSNT captures the asymmetric upside that legacy treasuries trade away.

GameStop pledged its Bitcoin as collateral

GameStop’s recent 10-K filing reveals it didn’t sell its massive Bitcoin stash; instead, it pledged 4,709 BTC to Coinbase for a covered-call strategy.

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By capping its upside at the $105,000 to $110,000 strike range, GameStop evolved its treasury from passive holding into active yield generation, even while recording a $59.7 million unrealized loss.

Because Coinbase can now rehypothecate the collateral, GameStop replaced the BTC on its balance sheet with a digital asset receivable. This move signals a broader market shift: corporate treasuries and institutional giants like BlackRock are increasingly using structured options to squeeze fixed-income yield from Bitcoin.

However, this institutional yield playbook is designed for entities holding hundreds of millions in capital. Everyday retail investors do not need capped options premiums; they need asymmetric price discovery and a fundamentally better entry point.

Top 3 best crypto presales in 2026

DeepSnitch AI

GameStop recently revealed it is generating yield on its massive Bitcoin holdings through covered-call premiums with a $105,000 strike. While this marks a major evolution in corporate treasury strategy, it requires holding thousands of Bitcoin and utilizing complex institutional infrastructure.

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Retail investors don’t need fixed-income options on established assets; they need asymmetric early-stage opportunities. That is exactly what DeepSnitch AI (DSNT) offers.

With its March 31st launch rapidly approaching, DSNT has raised over $2.6 million by doing what most presales fail to do: launching a fully operational product first. Its five live AI agents empower retail traders with institutional-grade intelligence, handling real-time sentiment tracking, scam detection, and hidden gem discovery.

Community projections are pointing toward 100x to 300x returns, the explosive upside that covered-call strategies simply cannot offer. This growth story is built on genuine daily utility, driving organic adoption and long-term token value rather than a temporary launch spike.

At $0.04669, the DeepSnitch AI ground-floor entry point is definitively closing in just three days. Once the Uniswap listing goes live, open-market price discovery takes over entirely.

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Ionix Chain

Ionix Chain embeds AI directly into its Layer 1 protocol, offering a decentralized GPU marketplace and $0.0005 transaction fees. Having raised $6.65 million in Stage 18, its ambition is undeniable.

However, the risks match the scale. Building production-ready AI infrastructure takes significantly longer than roadmaps suggest, and Ionix’s undisclosed team severely hinders the enterprise adoption it targets. As GameStop’s transparent Bitcoin strategy proves, institutional credibility requires verifiable accountability.

DeepSnitch AI (DSNT) operates from a structurally different position. By shipping a live, working intelligence product with a fully disclosed team before opening its presale, DSNT delivers immediate utility.

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Gassed Token

Gassed Token relies on a Solana-based, click-to-earn mechanic to drive community engagement.

While Solana’s low fees suit this gamified loop, the ceiling remains strictly capped. Beneath the meme, there is no underlying product, recurring revenue, or utility to absorb selling pressure once the novelty fades.

Furthermore, unconfirmed audits and an undisclosed team strip away crucial accountability. As GameStop’s transparent Bitcoin yield strategy proves, serious capital demands verifiable structure.

DeepSnitch AI (DSNT) operates in an entirely different category. Offering a live intelligence platform, active daily users, dual audits, and a confirmed March 31st listing, DSNT delivers genuine utility over fleeting attention.

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Closing thoughts

GameStop recently pledged its Bitcoin to Coinbase to run covered calls, squeezing options yield from a $105,000 strike. While corporate crypto strategy grows increasingly sophisticated, retail investors need asymmetric entry points.

The market is actively filtering out weak setups. Ionix Chain’s undisclosed team creates a massive credibility gap for enterprise adoption, and Gassed Token’s click-to-earn model lacks both an underlying utility floor and published audits. DeepSnitch AI (DSNT) answers these exact concerns.

Having shipped five live AI agents before raising a single dollar, DSNT has secured $2.6 million from active users. At $0.04669, early backers are already seeing 210% gains, fueling 100x to 300x community projections that are grounded in genuine daily utility.

While GameStop caps its upside for yield, DSNT is heading for pure price discovery. The March 31st presale deadline is exactly three days away, and the Uniswap listing follows immediately. The entry point that exists today will not exist next week.

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Visit the official DeepSnitch AI website, join Telegram, and follow on X for more updates.

FAQs

Which best crypto presales are still open as GameStop’s Bitcoin strategy evolves from holding to yield generation?

DeepSnitch AI leads: $2.6M raised, 210% gains, five live AI agents, and a confirmed March 31st Uniswap launch with 100x to 300x projections. GameStop’s covered-call strategy peaks at structured options premiums on a $105,000 strike.

What upcoming crypto presales offer retail investors bigger returns than corporate covered-call Bitcoin strategies?

DeepSnitch AI: daily utility across sentiment tracking, rug detection, hidden gem discovery, and instant DYOR tools that any retail investor can access with a wallet, no Bitcoin collateral required. DSNT’s 100x to 300x case requires getting in before March 31st.

How does DeepSnitch AI stand apart from Ionix Chain and Gassed Token right now?

DeepSnitch AI has a shipped product, a disclosed team, $2.6M raised from real users, and a confirmed listing time. Ionix Chain has team transparency gaps that enterprise adoption will eventually require answers to. Gassed Token has no utility floor and no published audits.

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Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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XRP tests $1.33 as rising leverage and weak price action create unstable setup

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XRP tests $1.33 as rising leverage and weak price action create unstable setup


Funding spikes and liquidations point to positioning build-up, with direction hinging on whether buyers can defend support.

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How Trump’s Iran Pause Fits Into His Market-Timed Playbook

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On Monday, March 23, President Trump announced a 5-Day pause on strikes against Iranian energy infrastructure. The decision added $1.7 trillion to US stocks, crashed oil prices by 15%, and sent Bitcoin above $70,000. That pause is now extended until April 6. 

But Tehran called these claims ‘fake news’, and Israel already violated Trump’s pause. Almost all of these financial gains vanished within a week.

So, did Donald Trump actually have productive talks with Iran, or was it just a ploy to benefit financial markets and have big players cash out?

How Trump’s Pause Lines Up With Market Hours

The sequence starts Saturday, March 22. Trump posted a 48-hour ultimatum on Truth Social demanding Iran reopen the Strait of Hormuz or face strikes on its power plants.

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That deadline was set to expire Monday evening, with traditional markets fully open and exposed.

Instead of following through, Trump posted at 7 a.m. ET Monday, claiming “very good and productive conversations” with Tehran. He announced a 5-day postponement of all energy infrastructure strikes.

The 5-day window expired Saturday, March 28. Not a random day.

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  • Equity markets are closed
  • Futures liquidity is thin
  • Institutional desks are offline.

If escalation resumes, it lands in the same low-liquidity window that has preceded every major Trump-era market shock since mid-2025.

Timeline graphic showing Saturday ultimatum, Monday pause, Saturday expiry aligned against NYSE/CME trading hours
Timeline graphic showing the Saturday ultimatum, Monday pause, and Saturday expiry, aligned with NYSE/CME trading hours. Source: BeInCrypto

Someone Traded Before the Post

Markets moved before the announcement went live. Between 6:49 and 6:50 a.m. ET, roughly 6,200 Brent and WTI futures contracts changed hands with a notional value of $580 million.

The average for that same minute over the prior five trading days was approximately 700 contracts, according to Bloomberg data reported by the Financial Times.

At the same time, $1.5 billion in S&P 500 futures were purchased. That single order pushed the index 0.3% higher instantly. Fourteen minutes later, Trump’s post dropped. By 7:10 a.m. ET, the S&P 500 had gained roughly $2 trillion in value.

U.S. and UK regulators are reportedly reviewing the data. No charges have been filed.

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“The massive spike in volume of trades right before that post is certainly enough to raise eyebrows, and I think to launch an investigation into what was behind that,” wrote CBS News, citing Stephen Piepgrass, a partner who specializes in futures trading at the law firm Troutman Pepper Locke.

Iran Says It Never Happened

Tehran’s response left no ambiguity. Parliament Speaker Mohammad Bagher Ghalibaf called it “fake news” intended to manipulate financial and oil markets.

The Foreign Ministry described it as psychological warfare aimed at lowering energy prices and buying time for more strikes. Officials acknowledged receiving messages through intermediaries but insisted no direct negotiations occurred.

The denial triggered an immediate reversal. Oil rebounded. Stocks gave back roughly half their gains. BTC pulled back after briefly reclaiming $70,000, leaving $265 million in crypto shorts liquidated within 15 minutes.

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BTC, Gold, Oil, and SPX Performance since Monday
BTC, Gold, Oil, and SPX Performance since Monday. Source: TradingView

This Has Happened 11 Times Since November 2024

Monday was not the first time. BeInCrypto has tracked 11 market-moving Trump announcements since November 2024, each following what traders now call the TACO pattern, a cycle of action, crash, reversal, and recovery.

  • Liberation Day tariffs were announced on April 2, 2025, at 4:30 p.m. ET, after markets closed. Trump posted “BE COOL! THIS IS A GREAT TIME TO BUY!!” the next morning, minutes after opening. A 90-day pause followed, producing a 9.5% rally in the S&P 500.
  • On October 10, 2025, a 100% tariff threat on China dropped on a Friday, 20 minutes after close. BTC fell 18.4%. Crypto liquidations hit $19.1 billion in 24 hours.
Table showing all 11 Trump market events with dates, BTC before/after, percentage moves, liquidations, and TACO outcomes
Table showing all 11 Trump market events with dates, BTC before/after, percentage moves, liquidations, and TACO outcomes. Source: BeInCrypto

Six confirmed Friday night strikes between June 2025 and February 2026 followed the same logic. BeInCrypto identified this as a repeatable 60-hour sequence across those events.

The Iran pause is the evolution. Instead of a Friday shock and a Monday walk-back, Monday itself became the vehicle. Ultimatum on Saturday. Relief on Monday. Next escalation window on Saturday again.

What the Experts See

Oxford-based political scientist Richard Heydarian warned on the BeInCrypto podcast that the economic damage from the conflict could run into trillions while Trump’s tactical moves remain impossible to anticipate.

“Trump is strategically predictable, but tactically impossible to predict. We know what his endgame is. American hegemony, beyond question. But how to achieve that in such a complex world? No one knows,” Richard Heydarian told BeInCrypto.

Stanford economist Mordecai Kurz, also speaking on the BeInCrypto podcast, placed the dynamics within a structural problem of concentrated private power that leaves ordinary people exposed.

“There are so many concentrations of private power in America that this cannot continue… young people have a chance only if technology is made to serve people and policy serves people,” Kurz explained.

The 5-day clock expires Saturday. If the pattern holds, the next headline lands when markets are closed, and liquidity is at its weakest.

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Across 11 documented events and 16 months, the pattern has not broken once.

The post How Trump’s Iran Pause Fits Into His Market-Timed Playbook appeared first on BeInCrypto.

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World Foundation Sells $65M in WLD as Token Hits Record Lows

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World Foundation Sells $65M in WLD as Token Hits Record Lows

Sam Altman’s World Foundation has raised $65 million through an over-the-counter (OTC) sale of its WLD token, which has hit new record lows.

In a Saturday post on X, the foundation said its token issuance arm, World Assets, completed the sale to four counterparties over the past week, with the first tranche settling on March 20. The transactions were priced at an average of roughly $0.27 per token, suggesting that around 239 million Worldcoin (WLD) changed hands.

“This sale funds the project’s core operations and activities, R&D, orb manufacturing, ecosystem development, and more,” World Foundation wrote on X.  

Of the total, $25 million worth of tokens are subject to a six-month lockup, while the remainder were immediately liquid.

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Related: World launches AgentKit with Coinbase integration to enable human-verified AI agents

WLD hits new low

Following the announcement, WLD briefly fell to an all-time low of around $0.24 before recovering to $0.27, leaving it down about 97% from its March 2024 peak near $11.82. The token is currently trading at $0.2725, up by 0.28% over the past day, according to data by CoinMarketCap.

WLD price. Souce: CoinMarketCap

Additional supply pressure may be on the horizon. A major community token unlock is scheduled for July 23, covering roughly 52.5% of the token’s 10 billion total supply, according to DefiLlama.

Meanwhile, the new sale also comes at a steep discount to prior rounds. In May last year, World raised $135 million at approximately $1.13 per token from backers including Andreessen Horowitz and Bain Capital Crypto.

Related: Tools for Humanity expands World app toward super-app model

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Thailand raids World-linked iris scanning site

In October last year, authorities in Thailand raided an iris-scanning site linked to World. The country’s Securities and Exchange Commission, working with the Cyber Crime Investigation Bureau, said the service may have violated digital asset laws by operating without a license, leading to arrests and an ongoing investigation.

The move added to a growing list of regulatory challenges for World. Since launching in 2023, the project has faced probes and pushback in several countries, including Indonesia, Germany, Kenya and Brazil, with concerns ranging from licensing issues to the handling of sensitive biometric data.

Magazine: Bitcoin may take 7 years to upgrade to post-quantum — BIP-360 co-author