Latest from Will Canny
MicroStrategy’s Implied Premium to Bitcoin Settling Into New Norm, BTIG Says
The broker increased its MicroStrategy price target to $1,800 from $780 while maintaining its buy rating on the stock.
Bitcoin’s Acceptance as 'Digital Gold' May Spur Demand From New Investors: Coinbase
Gold has outperformed after the Federal Reserve expressed a cautious stance on the pace of future interest-rate cuts, the report said.
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.
