Latest from Will Canny
Institutional crypto trading platform LMAX is exploring sale, IPO
LMAX is working with Morgan Stanley and investment bank KBW to assess its options, which could lead to a sale or a public offering.
Crypto market maker B2C2 held sale talks with multiple potential buyers
The SBI-owned crypto trading firm is said to have attracted takeover interest from a number of suitors over the past 18 months, but valuation has been a sticking point.
Kraken says simpler options can unlock crypto's next derivatives market
The Wyoming-based firm launched USD-settled bitcoin and ether options, saying product design, not demand, has held back adoption.
Citadel Securities invests $400 million in Crypto.com, valuing exchange at $20 billion
The exchange's first institutional funding round values it at $20 billion and will fund expansion into tokenized securities and derivatives.
Keyrock acquires BlockFills trading assets to expand institutional crypto business
The deal adds institutional trading clients, derivatives expertise and regulatory licenses as Keyrock looks to deepen its presence in crypto capital markets.
Galaxy targets institutional stablecoin yield with new DeFi vaults
The crypto financial services firm launched Galaxy Curator, a Morpho-based platform that gives Fireblocks' 2,400 institutional clients access to onchain yield strategies.
Live updates: Bitcoin holding $64,000 as AI momentum stocks continue to tumble
Blockchain investigator ZachXBT came down heavily on hardware wallets. BTC traded steady near $65,000 after South Korea's rate hike.
Open USD poses biggest threat yet to Circle's USDC, CoinShares says
The consortium-backed stablecoin would share reserve income with partners instead of the issuer, pressuring Circle's margins if it debuts in 2026.
Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat
The Japanese investment bank said Open USD's yield pass-through model could pressure Circle's margins by shifting more reserve income to distributors.
JPMorgan says Hyperliquid's rise threatens Circle's USDC economics
Hyperliquid's deal with Circle and Coinbase creates a "prisoner's dilemma" that puts pressure on earnings from the dollar-pegged stablecoin.
