Latest from Will Canny
Robinhood Would Likely Win Crypto Court Case With the SEC: KBW
The platform being issued a Wells Notice by the SEC is surprising given the company’s conservative approach to digital assets listings, the report said.
Bitcoin’s Recent Weakness Is More Tied to Global Markets Than to Anything Crypto Specific, Coinbase Says
Both equities and gold have been trading lower since reaching highs in mid-April, the report noted.
Crypto Exchange Coinbase Had a Blowout First Quarter: Analysts
The business has a number of positive catalysts including its smart wallet, Coinbase Prime, layer-2 network Base and its growing international offering, the analysts said.
Crypto Market Sell-Off Was Driven by Retail Investors, JPMorgan Says
Crypto markets have seen significant profit taking in recent weeks with retail investors playing a bigger role than institutions, the report said.
Bitcoin’s Volatility Is Falling and This Will Continue as It Matures: Fidelity
The cryptocurrency is already showing signs of maturity as its volatility drops to all-time lows on a yearly scale, the report said.
Bitcoin Could Drop Further to as Low as $50K, Standard Chartered Says
The cryptocurrency is now trading below the average spot ETF purchase price of about $58K, and this could trigger liquidations, the bank said in a report.
Paradigm Special Counsel Has Left the Crypto-Focused VC Firm
Rodrigo Seira has rejoined Cooley LLP, the law firm where he worked previously, according to his LinkedIn profile.
MicroStrategy Now Holds $13.6B Worth of Bitcoin, 1% of Total Circulating Supply: Canaccord
The broker cut its price target on the firm to $1,590 from $1,810, while maintaining its buy rating.
Crypto Banking Firm BCB Group Secures Digital Asset and Electronic Money License in France
The payments processor has been authorized by France’s financial regulators, the ACPR and the AMF, to act as an Electronic Money Institution (EMI) and Digital Assets Services Provider (DASP).
Bitcoin ETF Slowdown Is a Short-Term Pause Not the Beginning of a Negative Trend: Bernstein
Investment platforms will take some time to establish the necessary compliance framework to sell bitcoin ETF products, the report said.
