Latest from Will Canny
Bitcoin Miner Hut 8 Has Larger, More Diversified Business Model Following USBTC Merger: Canaccord
The broker cut its price target to $14 from $17.50 while maintaining its buy rating.
Ether Could Avoid Designation as a Security With Centralization Risk Easing, JPMorgan Says
Staking platform Lido’s share in staked ether has continued to fall, reducing concerns about concentration in the Ethereum network, the report said.
Activity Is Beginning to Accelerate in the Bitcoin NFT Space: Franklin Templeton
Bitcoin Ordinal collections are beginning to dominate the NFT market, the report said.
Coinbase to Benefit From Long-Term Adoption of Blockchain Technology: Oppenheimer
The broker raised its price target for the crypto exchange to $276 from $200.
Robinhood Initiated as Market Perform at KBW as Retail Trading Returns
Retail engagement materially accelerated in the first quarter, the report said.
Coinbase Offers Unique Exposure to the Long-Term Growth of Crypto: KBW
The broker raised its price target to $230 from $160 and maintained its market perform rating.
Ethereum Could Face 'Hidden Risks' From Ballooning Restaking Market: Coinbase
Restaking has grown into the second-largest DeFi sector on the Ethereum blockchain and is likely to become a core part of the network’s infrastructure, the report said.
Crypto Market Conditions That Fueled FTX, Bankman-Fried, No Longer Hold: Galaxy Digital
U.S. investors now have access to regulated bitcoin ETFs that provide the same protections as buying stocks and reduce the incentive to move to unregulated offshore exchanges, the report said.
Crypto Market Setup Looks Positive for Second Quarter: Coinbase
The bitcoin halving, expected in mid-April, remains the main supply-side event, the report said.
MicroStrategy Slumps 14% After Short Seller Says Stock Trades at an Unjustifiable Premium to Bitcoin
The bitcoin price implied by MicroStrategy’s share price is $177K, two and a half times the spot price of the cryptocurrency, the report said.
