Will Canny

Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He's now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.

Will Canny

Latest from Will Canny


Markets

U.S. crypto adoption is rebounding, bitcoin still dominates, Deutsche Bank says

Retail participation in the U.S. has bounced back to mid-2025 levels even as most consumers expect lower bitcoin prices ahead, the bank said.

Deutsche Bank logo (Shutterstock)

Tech

Sam Altman’s World project launches major upgrade to fight deepfakes and bots

The project is also expanding its partnerships with Tinder, Zoom and Docusign.

Worldcoin co-founders Alex Blania and Sam Altman (Marc Olivier/Worldcoin)

Finance

Kraken's parent company Payward to acquire derivatives exchange Bitnomial for $550 million in cash and stock

The deal gives Payward control of a fully licensed U.S. crypto derivatives stack, accelerating its expansion in regulated markets.

Kraken Co-CEO Arjun Sethi at the Securities and Exchange Commission (Jesse Hamilton/CoinDesk)

Finance

Drift gets $148 million funding from Tether and partners as it replaces Circle stablecoin with USDT after massive exploit

The money will be used by Drift to recover user funds after more than $270 million in clients assets were exploited this month, and will relaunch the protocol as a USDT-based perpetuals DEX on Solana.

Tether CEO Paolo Ardoino (Nikhilesh De/CoinDesk)

Advertisement

Markets

Prediction market volumes to hit $1 trillion by 2030 with Robinhood, Coinbase as key players, Bernstein says

The broker said prediction markets are scaling into a trillion-dollar asset class, driven by regulatory clarity, crypto rails and distribution via major trading platforms.

Four people at a bar watch sports on a bank of television screens. (Amit Lahav/Unsplash)

Finance

Crypto exchange Kraken targeted in extortion attempt but says there was no breach and no client funds at risk

The firm said a criminal group is attempting to extort it over limited insider-related data access incidents affecting about 2,000 accounts. Kraken says it will not pay and is working with law enforcement.

Kraken on phone (PiggyBank/ Unsplash)

Markets

Bitcoin may be forming a base at $65,000 as 'paper hands' have been flushed out

Jurrien Timmer, director of global macro at Fidelity Investments, says strong earnings are helping markets absorb geopolitical shocks, despite ongoing risks.

Iranian flag (Akbar Nemati/Unsplash)

Finance

Commodity traders are getting debanked due to Iran war, pushing them to rely on stablecoins

As banks retreat from trade finance amid Iran-linked risk fears, non-bank lenders and traders are increasingly turning to stablecoins for settlement, according to Haycen’s Luke Sully.

Shipping vessel at sea (Getty Images/Unsplash+/Modified by CoinDesk)

Advertisement

Finance

Iran war oil-price shock revives inflation trade and a new stablecoin play

As oil shocks revive investor anxiety, stablecoins solved payments, but not purchasing power, says Michael Ashton, who's USDi token aims to fix that.

Skyline of the Iranian capital, Tehran

Policy

Crypto Clarity bill has 30% chance of passing this year, Wintermute’s Hammond says

Wintermute’s head of policy Ron Hammond pegs chances at 30%, citing political friction, stalled negotiations and shifting timelines despite signs of progress.

Ron Hammond (Nikhilesh De/CoinDesk)