Analysts


Policy

Crypto Friendly SEC and Senate Banking Committee Expected Under Trump: Bernstein

Stablecoin and market structure bills may now both see faster progress, the report said.

Donald Trump's remarks at BTC 2024 have inspired Forida's chief financial official to put pension money into bitcoin. (Danny Nelson/CoinDesk)

Markets

MicroStrategy's Ambitious $42B Bitcoin Acquisition Plan Is Not Without Risks, CoinShares Says

The company requires financing conditions to remain agreeable, and there needs to be continued investor demand for the firm's convertible debt, the report said.

MicroStrategy Executive Chairman Michael Saylor (CoinDesk)

Markets

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.

(Shutterstock)

Markets

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.

MicroStrategy Executive Chairman Michael Saylor (CoinDesk)

Markets

Robinhood's Stock Tumbles After Earnings Miss, While JMP Analyst Remains Bullish

The company missed consensus revenue expectations, Wall Street analysts said.

Robinhood app on a smartphone (Shutterstock)

Markets

Coinbase's Earnings Miss Makes U.S. Election Even Bigger Catalyst: Analysts

The market will now be watching the U.S. presidential election as an important short-term catalyst for Coinbase and the wider industry.

Coinbase (PiggyBank/Unsplash)

Finance

Coinbase Revenue May Be Hurt by Lower Trading Volumes, Regulatory Uncertainty, Analysts Say

The crypto exchange may also see lower staking revenue when it reports its Q3 earnings as ether underperformed in the quarter.

Coinbase (PiggyBank/Unsplash)

Markets

MicroStrategy’s Current Premium Relative to Its Bitcoin Stack Is Unlikely to Last: Steno Research

The launch of options on spot bitcoin exchange-traded funds in the U.S. will reduce the incentives for investors to hold MicroStrategy stock over these ETFs, the report said.

Michael Saylor at Bitcoin 2024 in Nashville, Tennessee

Markets

Tokenized Treasuries Like Blackrock's BUIDL Will Challenge Stablecoins But Won't Fully Replace Them: JPMorgan

Tokens such as BUIDL are at a regulatory disadvantage to stablecoins due to their classification as securities, the report said.

(Shutterstock)

Markets

Stripe's Acquisition of Bridge Validates the Usage of Stablecoins: Bernstein

Stablecoins have emerged as the main use case for blockchains, especially for cross-border payments, the report said.

The supply of stablecoins USDT and USDC  grew by $10 billion in a month, 10x research noted. (Shubham Dhage/Unsplash)