Analysts
Ethereum Upgrades Have Failed to Boost Network Activity in Meaningful Way: JPMorgan
Neither the number of transactions nor active addresses has increased significantly following recent network upgrades, the report said.
Stablecoins Boost Treasury Bill Demand, Reflect Dollar Dominance, Citi Says
As stablecoin usage grows, so does the demand for short-term U.S. Treasuries, the report said.
U.S. Spot Crypto ETFs Saw Strong Inflows on Wednesday, JPMorgan Says
Both ether and bitcoin products saw net inflows despite a drop in underlying asset prices, the report said.
Solana Could Hit $275 by Year-End, $500 by 2029-End: Standard Chartered
The bank said it expects solana to underperform ether over the next two to three years, in a report initiating coverage of the cryptocurrency.
U.S. Stablecoin Bill Approval Could Trigger a Long-Term Crypto Bull Market: Bitwise
The passage of a U.S. stablecoin bill could be one of the most important regulatory developments in the history of crypto, the report said.
Bitcoin Mining Profitability Fell in April as Network Hashrate Rose: Jefferies
U.S.-listed miners also produced fewer bitcoin last month than in March.
Government-Backed Funds Expanding MSTR Holdings Show Rising BTC Demand: Standard Chartered
Holdings of the stock by government bodies reflects a desire to gain bitcoin exposure where in some cases local regulators do not allow direct ownership, the report said.
Bitcoin Network Hashrate Rose Slightly in First Two Weeks of May: JPMorgan
Mining gross margins expanded sequentially this month, which is encouraging, the bank said.
Coinbase Shares Could See $16B of Buying Pressure From S&P 500 Index Inclusion: Bernstein
The exchange is the first and only crypto company to join the S&P 500 index.
