Analysts
Bitcoin Miner IREN's AI Push Gains Momentum, Price Target Hiked 60% to $37: Canaccord
The broker noted IREN's recent designation as an NVIDIA preferred partner, which came almost simultaneously with the announcement of the purchase of an additional 2,400 GPUs.
Bitcoin Undervalued Versus Gold as Volatility Collapses, JPMorgan Says
Bitcoin volatility has plummeted from around 60% at the beginning of the year to a current record low of 30%, the report said.
Hut 8 Maps 'Path to Monetization' of Energy Assets as Bitcoin Mining Carve-Out Nears: Benchmark
Benchmark analyst Mark Palmer hiked his Hut 8 price target to $36 from $33, while reiterating his buy rating on the stock.
Ether and ETH Treasury Companies Look Undervalued After Plunge: Standard Chartered
Since the beginning of June, ether treasury companies and ETH ETFs have purchased a massive 4.9% of the crypto's circulation, the bank's Geoff Kendrick said.
Bitcoin Price to Hit $1.3M by 2035, Says Crypto Asset Manager Bitwise
Institutional adoption, inflation-hedge demand, and the nature of bitcoin’s fixed supply, will propel the cryptocurrency to new highs, the report said.
Corporate Bitcoin Treasuries Could Raise Credit Risks, Morningstar DBRS Says
Regulatory uncertainty, volatility, and liquidity challenges, could all elevate the credit risk profile of firms adopting a crypto treasury strategy, the report said.
Stablecoins, Tokenization Put Pressure on Money Market Funds: Bank of America
Stablecoin demand for Treasuries won’t meaningfully shift T-bill dynamics, but instead poses a bigger challenge to money market funds, the report said.
Ether Outpaces Bitcoin as ETF Inflows, Corporate Buying Accelerate: JPMorgan
The bank said ether holdings in both exchange-traded funds and corporate treasuries could rise further.
The 'Great Wealth Transfer' Could See More Than $200B Flow Into Bitcoin: Xapo Bank
Over the next ten years, trillions of dollars will move from baby boomers to younger heirs, who are more inclined toward digital assets, the report said.
Ether Resurgence Gains Steam Backed by Spot ETF Demand and On-Chain Growth: Citi
Spot ether ETFs have seen growing demand with cumulative net inflows now more than $13 billion, up from $2.6 billion in April, the report said.
