Regulatory clarity would allow major financial institutions to fully build in crypto, the report said.
Regulatory clarity, wider adoption, and long-term investment behaviors are stabilizing bitcoin's performance, the report said.
Galaxy Digital, Coinbase are 'exceptionally well positioned' to benefit from increased adoption of digital assets once the act is passed, the report said.
Deal valued at $20.40/share marks second acquisition attempt; KBW sees limited upside for Core Scientific shareholders.
The deal aligns with CoreWeave's post-IPO growth strategy, leveraging its strong equity position to drive large-scale M&A, according to the investment bank.
88% of current stablecoin demand comes from crypto-native activity, with payments accounting for only 6%, the report said.
88% of current stablecoin demand comes from crypto-native activity, with payments accounting for only 6%, the report said.
The crypto exchange is becoming one of USDC's most active advocates across payments and financial services, Bernstein said.
Bullish catalysts include sustained ETF inflows, corporate treasury adoption and U.S. regulatory moves, the report said.
The fall in the monthly average network hashrate was a result of miners curtailing operations in response to the recent heatwave, the report said.
The leading U.S. digital asset exchange is cementing its role as crypto’s universal bank, the Wall Street bank's analyst team said.
The rise in profitability was driven by a 20% increase in the bitcoin price, while the hashrate rose only 3.5%, the report said.
The broker raised its price target for the crypto exchange to $421 from $301 and reiterated its buy rating on the stock.
The next phase of real-world asset tokenization will go beyond stablecoins, targeting private markets and illiquid assets, the report said.
Stablecoins could find uses beyond that of a crypto trading pair after the U.S. Senate passed the GENIUS Act, the report said.
The combined hashrate of the 13 bitcoin miners the bank follows has risen 99% year-on-year versus a 55% y/y increase in the network hashrate, the report said.
The number of crypto IPOs year-to-date matches the pace of offerings seen in the bull market of 2021, the report said.
The bank increased its CleanSpark, Riot Platforms and MARA Holdings price targets.
More than 30% of the circulating bitcoin supply is now held by centralized entities including exchanges, ETFs, companies and sovereigns, the report said.
Ether ETF inflows totaled $815 million over the last 20 days as investors have woken up to the network's value proposition, the broker said.
Sixty-one corporate treasuries now hold a combined 3.2% of the total bitcoin supply.
The total market cap of the 13 U.S.-listed miners that the bank tracks rose 19% from the month previous, according to the report.
Neither the number of transactions nor active addresses has increased significantly following recent network upgrades, the report said.
As stablecoin usage grows, so does the demand for short-term U.S. Treasuries, the report said.
Both ether and bitcoin products saw net inflows despite a drop in underlying asset prices, the report said.
The bank said it expects solana to underperform ether over the next two to three years, in a report initiating coverage of the cryptocurrency.
The passage of a U.S. stablecoin bill could be one of the most important regulatory developments in the history of crypto, the report said.