Latest from Will Canny
The Crypto Market Rally Looks Overdone, JPMorgan Says
Digital assets have seen strong gains in the last month due to excitement about the potential approval of bitcoin spot ETFs, but this bullish sentiment may be misplaced, the report said.
Bitcoin's Heading to $150K and Quality Mining Stocks Offer a Good Way to Gain Exposure: Bernstein
Bernstein expects the largest cryptocurrency to hit that level during the 2024-2027 cycle, the report said.
Ethereum’s Dencun Upgrade Is a Step Toward a Scalable Settlement Layer: Goldman Sachs
The upgrade will enhance the blockchain’s scalability using rollups, will optimize gas fees and improve the network’s security, the report said.
Bitcoin’s Recent Outperformance Fueled by Institutional Demand, JPMorgan Says
There has been a significant bitcoin inflow into larger wallets, which suggests institutional investor demand, the report said.
Bitcoin’s Rise Fueled by U.S. Investors Buying Ahead of Potential Spot ETF Approval: Matrixport
While most cryptocurrency owners are based in Asia, the buying power of U.S. traders is much bigger, the report said.
SEC Likely to Approve Spot Bitcoin ETF in Next Few Months: JPMorgan
Approval is likely before Jan. 10, which is the final deadline for the Ark 21Shares applications, the report said.
The Crypto Winter May Be Over: Morgan Stanley Wealth Management
Most of bitcoin’s gains come directly after the halving, and the next such event is expected in April 2024, the firm said.
Nomura-Backed Komainu Joins Crypto Custodian Copper’s ClearLoop Network
Komainu clients will be able to benefit from the firm’s on-chain custody while gaining access to off-exchange settlement over ClearLoop.
Coinbase Trading Volume Slows Further as Crypto Winter Continues: Berenberg
Political headwinds could blunt the impact of the crypto exchange’s ramped-up lobbying efforts, the report said.
Investor Demand for Ether Staking Yields Has Slowed: Coinbase
Staking yields have dropped to 3.5% from above 5% in the last few months, the report said.
