Will Canny

Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He's now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.

Will Canny

Latest from Will Canny


Markets

Cryptocurrency Altcoin Crash Is Coming: Matrixport

FTX is not the only major seller of crypto assets, venture capital funds are also under pressure to return money to their investors, the report said.

damaged car

Finance

SOMA Finance to Issue the First Retail Compliant Digital Security

The SOMA token will be a non-cumulative, participating preferred stock of SOMA.finance and will pay a dividend of up to 10% of profits.

(Pixabay)

Finance

Steve Cohen’s Point72 Ventures Leads $15M Fundraising in Swiss Fintech GenTwo

The firm plans to use the funding to grow internationally and develop the company’s financial engineering platform.

Lending money handing over paying cash (Shutterstock)

Markets

Crypto ETF Opportunity Doesn't Stop at Bitcoin, Extends Into Multiple Digital Assets: Bernstein

The industry push for an ether spot ETF will follow immediately after a bitcoin ETF approval since ETH has a similar market structure of a traded CME futures market and a spot market, the report said.

Sign saying fee area ahead on a background of desert shrubland

Markets

Grayscale's Legal Win Versus SEC Makes Spot Bitcoin ETF Approval More Likely: JPMorgan

For the SEC to defend its denial of Grayscale’s proposal to convert GBTC into an ETF, it would have to withdraw its previous approval of futures-based bitcoin ETFs, which is unlikely, the report said.

Grayscale ad (Nikhilesh De/CoinDesk)

Markets

Stablecoins Can Provide an Escape From High-Inflation Currencies: Brevan Howard Digital

Usage has shown a low correlation with crypto exchange volumes, which suggests that significant stablecoin transaction volumes are likely being used for non-speculative purposes, the report said.

A U.S. dollar coin balances on top of rocks

Finance

SEC Could Prepare Alternative Arguments to Reject Spot Bitcoin ETFs: Berenberg

Coinbase’s potential involvement in spot bitcoin ETFs could serve as part of the SEC’s reconfigured arguments for rejecting the applications, the report said.

Photo of the SEC logo on a building wall

Policy

Grayscale Victory Against SEC Clears Path for Spot Bitcoin ETFs: Bernstein

The ruling increases the likelihood the SEC might approve all bitcoin spot ETF applications together, the report said.

Grayscale CEO Michael Sonnenshein (CoinDesk)

Markets

JPMorgan Sees Limited Downside for Crypto Markets in the Near Term

News that Elon Musk’s SpaceX had written off some of its bitcoin holding in the previous quarter acted as an additional catalyst for the correction in crypto markets in August, the report said.

(Shutterstock)

Policy

Nomura-Backed Crypto Custody Firm Komainu Wins Operating License in Dubai

The company can now offer its full range of digital asset custody services to clients in the emirate, including institutional staking and collateral management.

Dubai (Wael Hneini/Unsplash)