Latest from Will Canny
Circle's post-earnings surge nears 50% as short squeeze, not strong financials, fuels rally
The violent move had more to do with hedge funds' overcrowded bearish positioning getting wiped out than the company’s financial performance, one analyst pointed out.
Blockfills co-founder and CEO Nicholas Hammer has stepped down
The crypto lender suspended client deposits and withdrawals earlier this month due to recent market and financial conditions.
Circle shares surge by record 35% as USDC issuance drives estimate-busting earnings
The issuer of the USDC stablecoin posted EPS of 43 cents for the fourth quarter, beating the consensus estimate of 16 cents. The shares surged 35%.
Prediction market firms could be making $10 billion in yearly revenue by 2030, Citizens Bank says
The bank said rising volumes, tighter market structure and early institutional engagement are pushing prediction markets beyond their gambling roots toward a new asset class.
Cipher Digital shares rise 6% as the firm rebrands from bitcoin mining to HPC, earnings miss
The company's earnings came in below estimates as the miner leans into large scale data center buildout.
U.S. Treasury may boost T-Bill issuance as stablecoins eye $2 trillion market cap: StanChart
The bank said stablecoins may generate up to $1 trillion in fresh Treasury bill demand by 2028, allowing the government to ramp up issuance and suspend 30-year bond auctions.
Susquehanna-backed Blockfills up for sale after $75 million lending loss
The Chicago-based company said it was temporarily suspending client deposits and withdrawals last week due to recent market and financial conditions.
From Wall Street to Web3: This is crypto’s year of integration, Silicon Valley Bank says
From bank-led stablecoins to tokenized T-bills and AI-powered wallets, digital assets will move from pilot projects to financial plumbing this year.
Galaxy’s Steve Kurz sees ‘great convergence’ driving crypto’s long-term outlook
The firm's asset-management chief says the recent crypto selloff reflects healthy deleveraging, while infrastructure growth and institutional adoption support a bullish outlook.
Wall Street analysts cut Coinbase price targets following Q4 earnings miss
JPMorgan said weak crypto markets pressured fourth-quarter results, but backs Coinbase’s strategy of investing through the cycle and returning capital via buybacks.
