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.
Analysts
Stablecoins to Become Cash Layer of Internet Once GENIUS Act Is Law: Bernstein
The Senate’s GENIUS Act, a key piece of U.S. stablecoin regulation, is to be voted on this week and should be passed into law in the next few months, Wall Street broker Bernstein said in a research report Monday. Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They play a major […]
Spot Bitcoin ETFs Broke 10-Day Inflow Streak With $358M of Outflows Thursday: JPMorgan
U.S.-listed spot bitcoin exchange-traded funds (ETFs) recorded their first day of net outflows in 10 trading sessions on Thursday, according to a research report by JPMorgan (JPM). The Wall Street bank estimated that spot bitcoin ETFs saw $358 million of redemptions yesterday, according to a Friday report, with just one, BlackRock’s iShares Bitcoin Trust (IBIT) attracting a net inflow. IBIT […]
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.
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.
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.
Coinbase Divides Wall Street Analysts After Earnings Miss, Deribit Takeover
The crypto exchange’s broadening product suite and dominant U.S. market position set it up well for the long term, many analysts said.
Bitcoin $120K Target for 2Q May Be Too Conservative: Standard Chartered
Spot bitcoin ETF net inflows totaled over $4 billion in the last three weeks, when adjusted for hedge fund basis trades, the bank said.
Bitcoin Miner 1Q Results May Disappoint as Hashprice Fell, Tariffs Hit: CoinShares
Bitcoin (BTC) miners’ first-quarter results may disappoint because the hashprice, a measure of daily mining profitability, fell further and trade tariffs weighed on the market, asset manager CoinShares (CS) said in a blog post on Friday. “Q2 results may show deterioration, as tariffs on imported mining rigs range from 24% (Malaysia) to 54% (China),” analysts led by James Butterfill wrote. […]