Latest from Will Canny
Iren Is Positioned to Become One of the Biggest Listed Bitcoin Miners: Canaccord
The broker raised its price target for the shares to $15 from $12 and reiterated its buy rating.
Coinbase Upgraded to Buy From Neutral on Improving Regulatory Risk: Citi
The Wall Street bank increased its price target on the crypto exchange’s shares to $345 from $260.
Ethereum Experienced Its Highest Inflationary Period in the Last Quarter: Fidelity
Layer-2 adoption has been impressive since the Dencun upgrade in March, with transactions on these blockchains increasing around 20%, the report said.
Bitcoin Miner Bitdeer Technologies Could be a Potential Takeover Target: Benchmark
The broker raised its price target for the shares to $16 from $13 while reiterating its buy rating on the stock.
Any Near-Term Rebound in Crypto Market Likely to Be Temporary: JPMorgan
The bitcoin price is currently too high versus its production cost and relative to its volatility-adjusted comparison to gold, the report said.
Crypto Custody Firm Copper Receives Key License in Hong Kong as it Expands in Asia Pacific
The license permits the holder to provide trust and corporate services in the region.
Core Scientific Upgraded to Buy From Neutral to Reflect HPC Expansion: B Riley
The bitcoin miner will be a leader in hosting high-performance computing due to its lucrative deals with CoreWeave and management’s deep experience in operating enterprise data centers, the report said.
Ether Spot ETF Inflows Will Push ETH to Beyond $5K: Bitwise
It may not happen immediately and price action could be choppy to start due to outflows from the Grayscale Ethereum Trust, after it converts to an ETF, the report said.
Loka Launches Bitcoin Mining Pool for Institutional Investors With Support From Hashlabs
Institutional investors will be able to buy bitcoin futures at below-market rates from miners using sustainable energy.
U.S.-Listed Bitcoin Miners' Share of Global Hashrate Reached Record in July: JPMorgan
The aggregate market cap of 14 tracked bitcoin miners listed in the U.S. rose 29% since the end of June, the report noted.
