The inflows marked a rebound following a four-week negative streak totaling $5.7 billion, but came ahead of the latest market slump on Monday.
Bitcoin's underperformance to equities signals a disconnect from fundamentals, making it a strong relative buy, K33's Vetle Lunde said.
The Bernstein analysts also expect Coinbase to unveil its own prediction-markets platform at its Dec. 17 event.
Benchmark says W3C gives Exodus meaningful card-issuing scale that could drive longer-term growth.
TD Cowen analysts still expect Strategy (MSTR) to outperform if bitcoin recovers and maintain their $535 price target.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
JPM's update leans on miners’ ability to convert power assets into long-term HPC revenue, with several expected to flip capacity by 2026.
Retail investors have sold about $4 billion of spot BTC and ETH ETFs in November — the main driver of the latest crypto market correction.
Strategy could see about $2.8B in outflows if MSCI removes it from its indices, and another $8.8B if other index providers follow.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Cantor analysts lowered their price target for Bullish shares to $56 from $59, though maintained their overweight rating.
Perpetual futures traders have rapidly added leverage during bitcoin's decline, forming a setup K33 says has preceded further drawdowns.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Institutional ownership, ETF absorption, and Strategy's capital access point to a short consolidation instead of a deep drawdown, Bernstein argues.
The analysts maintained an outperform rating and $54 price target for Figure stock — implying 56% upside potential from Thursday's close.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin’s downside from current levels appears to be “very limited,” according to JPMorgan, which sees its support price at around $94,000.
The analysts reaffirmed their $230 price target for Circle, citing USDC's expanding market share and growing traction for Arc and CPN.
Matt Hougan said Coinbase's new token sale platform signals a major comeback for crypto-based capital formation.
After deployment of €608.8M in net proceeds, TD Cowen projects that Strategy will use "substantially all" of the funds to acquire bitcoin.
The negative sentiment was driven by post-liquidity cascade volatility and uncertainty over a U.S. rate cut, James Butterfill said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Kalshi anchor partner Robinhood processed $2.5 billion in prediction-market volume in October — implying a $300 million annualized run rate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The firm reiterated its $78 price target for the stock, citing rising profitability and long-term growth potential across energy, AI, and BTC.
Despite demoralized sentiment, easing policy, 401(k) inclusion and bank adoption counter a cycle-peak narrative, K33's Vetle Lunde said.
"Early investors selling does not mark the end of an asset's journey; it just represents a new phase," Matt Hougan said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
IREN's ownership of its 2.9 GW power portfolio gives it a cost and scalability advantage over rivals like CoreWeave, the analysts said.