Latest from Will Canny
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.
Hut 8 price target hiked to $165 at Benchmark as AI pivot reshapes valuation
Mark Palmer said Hut 8's Beacon Point project transforms the company into an AI infrastructure platform with a long growth runway.
Mizuho says Circle bank approval doesn't solve USDC growth, stablecoin competition risks
Japanese investment bank Mizuho reiterated its neutral rating on Circle, saying OCC approval for a national trust bank doesn't address slowing USDC growth or rising competition.
Robinhood Chain surges into top five by DEX volume: Bernstein
Robinhood's new blockchain quickly became a top-five network by DEX volume, signaling strong early demand for its tokenized asset platform, the broker said.
Crypto IPO market stalls as capital rotates to AI and macro uncertainty weighs
Funding constraints and investor caution, not regulation, are delaying crypto IPOs, according to Cohen & Company Capital Markets' Christian Lopez.
Citadel abandons multi-year crypto lawsuit to focus on bankruptcy order against an ex-employee
After winning a 6 million-pound London arbitration award, Citadel dropped its U.S. trade secrets case, saying another judgment would likely go uncollected.
