Ether Could Be a Meaningful Earnings Driver for Coinbase, JPMorgan Says
The bank raised its price target for the crypto exchange to $150 from $95.Source
Michael Saylor’s MicroStrategy Prices Upsized $525M Debt Offering to Buy More Bitcoin
The firm announced its plans to raise $500 million in a debt offering on Wednesday only days after purchasing 12,000 BTC with the proceeds of a previous $700 million offering.Source
First Mover Americas: El Salvador Holds More BTC Than Expected
The latest price moves in bitcoin (BTC) and crypto markets in context for March 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Bitcoin Trader Sees Prices Slumping to $60K as Crypto Bulls See $650M in Liquidations
The CoinDesk 20, a broad-based index of the most liquid crypto tokens, was down 8.25%.Source
Hong Kong Regulator Says Crypto Exchange MEXC Has Been Operating Without a License
Last year, regulators in Japan and Germany also alerted consumers the exchange was unlicensed.Source
Binance Spun Off Venture Capital Arm Earlier This Year
Binance Labs now has a disclaimer on its website describing it as “an independent venture and not part of the Binance Group.”Source
Gold Investors Aren’t Switching Into Bitcoin, JPMorgan Says
Outflows from gold exchange-traded funds and a surge in bitcoin ETF inflows fueled speculation investors were shifting from the precious metal into the cryptocurrency.Source
Bitcoin Layer-2 Project BVM Gains Traction With Promise of ‘Juicy’ Airdrops
The platform lets users start their own networks on Bitcoin and is offering developers millions of dollars as grant rewards.Source
Mike Novogratz’s Galaxy Digital Should Be a ‘Core Holding’ for Digital Asset Investors, Stifel Canada Says
There are a number of key catalysts for the company, and these include ETF net inflows, the development of GalaxyOne and a potential Nasdaq listing, the report said.Source
Democrats Ask SEC’s Gensler to Block Approval of More Crypto ETPs
Senators say that retail investors face “enormous risks” from such products because thin order books for some cryptocurrencies.Source