Bitcoin Mining Economics Improved in the First Half of November: JPMorgan
The total market cap of the miners the bank tracks grew 33% since the end October, the report said.
Analysts
Trump’s Biggest Boon to Crypto Would Be Passing the Bitcoin Act: CoinShares
Under such a proposal, bitcoin would be established as a strategic reserve asset and the government could buy up to 5% of the cryptocurrency’s total supply, the report said.
Bitcoin Mining Revenue, Profit Fell in October for a Fourth Consecutive Month: JPMorgan
The network’s monthly average hashrate surged to a record high, the report said.
MicroStrategy Remains One of the Best Ways to Gain Exposure to Bitcoin Given Its Intelligent Leverage Strategy: Canaccord
The broker raised its price target for the software company to $300 from $173 while maintaining its buy rating.
Robinhood Slumps After Third-Quarter Earnings Disappoint: Analysts
The company missed consensus revenue expectations, analysts said.
Coinbase Third-Quarter Revenue Misses Estimates; Shares Fall: Analysts
The U.S. presidential election is an important short-term catalyst for Coinbase and the wider industry, and could lead to more regulatory clarity, analysts said.
Coinbase Revenue May be Hurt by Lower Trading Volumes, Regulatory Uncertainty, Analysts Say
Coinbase Q3 earnings preview
Tokenized Treasuries Like Blackrock’s BUIDL Will Challenge Stablecoins But Won’t Fully Replace Them: JPMorgan
These tokens are at a regulatory disadvantage to stablecoins due to their classification as securities, the report said.
Republican Sweep in U.S. Election Would be the Most Bullish Outcome for Coinbase and the Crypto Market: Citi
Republican control of the Senate would be key to passing bills such as FIT21 and appointing pro-crypto agency leaders, and digital asset reform would likely happen sooner with both chambers aligned, the report said.
Bitcoin Mining Profitability Fell in September, Jefferies Says
October could be a harder month for the miners with the network hashrate currently 11% higher while the bitcoin price is up only about 5%, the report said.