Will Canny

Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He's now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.

Will Canny

Latest from Will Canny


Tech

Ethereum's Rising Validator Count Is Causing Concerns, Fidelity Digital Assets Says

Future roadmap upgrades for the network will become more difficult with a large validator set, the report said.

Ethereum's rising validator count is causing technical capacity and centralization concerns, Fidelity Digital Assets says (Koushik Pal/Unsplash, modified by CoinDesk)

Markets

Bitcoin Halving Could Bolster ETF Tailwinds for the Cryptocurrency: Canaccord

If history repeats itself, an even more bullish period for bitcoin and crypto markets could be on the horizon in the months following the halving, the report said.

windsock with hang glider in the distance

Finance

Bitcoin Mining Was More Profitable in February Than January: Jefferies

Publicly traded North American mining companies produced a smaller share of new bitcoin last month, slipping to 17.5% of the total network, the report said.

Argo Blockchain's Helios facility in Dickens County, Texas. (Argo Blockchain)

Markets

Galaxy Digital Has Several Positive Catalysts in Play This Year: Canaccord

The crypto firm’s fourth quarter was solid, and commentary about the performance through the end of February was even better, the report said.

Galaxy Digital CEO Mike Novogratz at the Token 2049 conference in Singapore in 2022 (Sam Reynolds/CoinDesk)

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Finance

Galaxy Digital's Strong Earnings Will Carry Into Current Quarter, Analyst Says

Improved crypto market conditions due to anticipation of spot bitcoin ETF approval helped boost earnings, Stifel Canada said in a report.

Mike Novogratz, Founder and CEO, Galaxy Digital (Shutterstock/CoinDesk)

Finance

BlackRock’s New Tokenized Fund Brings TradFi, Crypto Closer: Bernstein

The launch of the BUIDL fund is significant because of the way in which the investment manager has brought in key ecosystem partners from both the TradFi world and the crypto sector, the report said.

BlackRock headquarters (Shutterstock)

Markets

Crypto Market Remains Focused on Spot Bitcoin ETF Flows Over Fundamentals: Coinbase

There were $836 million in net outflows between March 18 and March 21, the report said.

Outflows (Unsplash, modified by CoinDesk)

Finance

Coinbase Is More Than Just a Crypto Exchange: JMP Securities

Momentum continues to build in the company’s ancillary businesses, the report said.

Coinbase CEO Brian Armstrong speaks at a political rally hosted by Stand With Crypto. (screenshot from Coinbase video)

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Markets

Bitcoin Remains Overbought Despite Recent Correction, JPMorgan Says

The pace of net inflows into spot bitcoin ETFs has slowed considerably, with a significant outflow recorded in the past week, the report said.

a cleaver chops a lemon in half

Finance

Bitcoin Year-End Price Target Raised to $90K at Bernstein

The broker expects a 7% reduction in hashrate post-halving from shutdowns versus 15% earlier, the report said.

(Hans Eiskonen/Unsplash)