Latest from Will Canny
Robinhood’s Acquisition of Bitstamp Expands Its Global Reach: Architect Partners
Crypto is becoming an increasingly important part of Robinhood’s business, accounting for 20% of total revenue in the first quarter, the report said.
Customers Bank Said to Debank Some Digital Asset Hedge Funds
The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said.
Robinhood’s Bitstamp Deal Is Strategic and Brings Added Institutional Exposure: Bernstein
The acquisition will potentially allow the trading platform to offer a wider range of crypto products to a more institutional client base, the report said.
U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan
Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.
Bitcoin Miners With Attractive Power Contracts Are Potential M&A Targets, JPMorgan Says
U.S. listed bitcoin miners have access to large amounts of power, making them potential takeover targets for hyperscalers and AI firms, the report said.
Galaxy Digital Could Benefit From Improving Political Sentiment Towards Crypto in U.S.: Benchmark
The broker assumed coverage of the digital assets platform with a buy rating and a C$19 price target.
Ether Spot ETFs to See Much Lower Demand Than Bitcoin Versions, JPMorgan Says
Ether spot ETFs could attract as much as $3 billion of net inflows this year, the report said.
Riot Platforms Is Best Suited to Consolidate Bitcoin Mining Sector: Bernstein
The company has the financial capacity to consolidate the bitcoin mining space, the report said.
Bitcoin and Ether ETF Markets Expected to Grow to $450B: Bernstein
Crypto ETFs could see over $100 billion of inflows in the next two years, the report said.
Crypto Prime Broker FalconX Starts FX Desk With Hires From BCB Group
The offering will provide crypto trading firms, exchanges and brokers with access to 20 FX pairs.
