Supply has surged 72% year-over-year, led by Ethereum, Solana, and Plasma’s record debut, as stablecoins begin to mirror core banking functions What to know: The stablecoin market has undergone a sharp expansion over the past year, with total supply climbing 72% to nearly $300 billion, according to data analytics platform […]
The bank forecasts bitcoin at $133,000 by year-end and $181,000 in 12 months. What to know: Citi (C) sees crypto heading into the new year with modest but meaningful momentum, projecting upside for both bitcoin and ether into year-end and beyond, the Wall Street bank said in a report on […]
The combined market cap of the 13 U.S.-listed bitcoin miners the bank tracks reached a record high last month. What to know: The Bitcoin network hashrate returned to record highs last month, increasing around 50 exahashes per second (EH/s) to an average of 949 EH/s, Wall Street bank JPMorgan (JPM) said in a research […]
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. What to know: The “great wealth transfer” is underway, and it could be one of the biggest drivers of crypto adoption in history, crypto […]
The bank expects further adoption of tokenized assets and money market mutual funds once the crypto market structure bill, the CLARITY Act, becomes law. What to know: Bank of America (BAC) says the GENIUS Act, signed into law last Friday by President Donald Trump, marks a turning point for U.S. stablecoin regulation, laying […]
Specific details around the size and valuation of the offering remain undisclosed. What to know: Gemini Space Station Inc., the crypto exchange and custody platform founded by Cameron and Tyler Winklevoss, has taken a significant step toward becoming a publicly traded company. The firm announced Friday that it has confidentially […]
Benchmark’s Mark Palmer initiated coverage on the firm’s roughed-up shares with a buy rating and $3 price target. What to know: Singapore-based developer of bitcoin mining ASIC chips and rigs Canaan (CAN) has had a rough run, but could be a five-bagger, suggests Benchmark analyst Mark Palmer. Palmer on Tuesday […]
The Bitcoin network is evolving into a wider DeFi ecosystem, the report said. What to know: Bitcoin’s (BTC) role in decentralized finance (DeFi) is growing as the world’s largest cryptocurrency evolves from more than just a store of value, Binance Research said in a report Thursday. The Bitcoin network is […]
The SBR will elevate bitcoin’s institutional standing, the report said. What to know: The establishment of a Strategic Bitcoin Reserve (SBR) in the U.S. is a “monumental endorsement” of the world’s largest cryptocurrency, broker H.C. Wainwright said in a research report Monday. The move mints bitcoin’s “legitimacy in the mold […]