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.
56 articles
Cantor Fitzgerald Highlights Importance of STRC for Strategy's Recovery
Cantor Fitzgerald emphasizes that restoring Strategy's preferred shares, STRC, to par is crucial for the company's recovery and its ability to resume bitcoin acquisitions, according to a report by CoinDesk. The Wall Street bank expects management to undertake frequent actions to stabilize its capital structure and benefit both preferred and common shareholders.
57 minutes ago·CoinDesk·Reported by Will Canny
Bitwise Analyzes STRC Selloff as Sign of Crypto Cycle Maturing
Bitwise views the recent decline in Strategy's preferred stock STRC as indicative of a maturing crypto market cycle rather than imminent liquidity issues for Strategy. The report, published by CoinDesk, highlights a shift toward institutional demand for bitcoin as potential buyers are expected to replace Strategy going forward.
4 days ago·CoinDesk·Reported by Will Canny
JPMorgan Critiques Strategy's Bitcoin Sales Policy for Adding Market Risks
JPMorgan states that Strategy's bitcoin sales policy introduces avoidable risks to the crypto markets, according to CoinDesk. The bank suggests that Strategy should increase cash reserves to stabilize potential volatility from its bitcoin sales, especially as it plans to use bitcoin to fund preferred stock dividends.
4 days ago·CoinDesk·Reported by Will Canny
Cantor Analyzes Bitcoin Cycle, Predicts Market Bottom in Coming Months
Cantor Fitzgerald reports that Bitcoin may be nearing the end of its bear market cycle, predicting a potential bottom by October. The firm advises investors to focus on networks with sustainable value creation, emphasizing the evolving role of digital asset treasury companies, according to CoinDesk.
5 days ago·CoinDesk·Reported by Will Canny
Citi Lowers Bitcoin and Ether Price Targets Amid ETF Demand Decline
Citi has revised its 12-month price targets for bitcoin and ether, now forecasting $82,000 for bitcoin and $2,240 for ether. This change follows the bank's decision to expect zero net inflows for exchange-traded funds (ETFs) amid stalled U.S. crypto legislation and weak investor interest, according to CoinDesk.
5 days ago·CoinDesk·Reported by Will Canny
Standard Chartered Projects Significant Growth for Morpho in DeFi Sector
Standard Chartered has initiated coverage of Morpho, projecting a price target of $60 by 2030 based on its DeFi lending and onchain infrastructure operations. The bank believes Morpho's assets will grow due to a forecasted 37-fold increase in DeFi assets, as mentioned in a report by CoinDesk.
5 days ago·CoinDesk·Reported by Will Canny
Jefferies Warns of Crypto Volatility as Clarity Act Faces Challenges in Senate
Jefferies has expressed concerns regarding heightened volatility in the cryptocurrency market as the Clarity Act encounters hurdles in the Senate, according to CoinDesk. The bank suggests that while the act's passage could enhance institutional adoption of digital assets, delays could prolong regulatory uncertainty and hamper markets.
6 days ago·CoinDesk·Reported by Will Canny
Silicon Valley Bank Reports Shift in Bitcoin Lending to Institutional Era
Silicon Valley Bank indicates that bitcoin lending is undergoing a transformation towards increased institutional participation, stronger risk controls, and lower borrowing costs. The report highlights the rise of overcollateralization and transparent risk management since the 2022 crypto credit crisis, and notes that total crypto-backed lending has reached $67 billion, according to CoinDesk.
7 days ago·CoinDesk·Reported by Will Canny
Kalshi and Polymarket May Face M&A Pressure as Prediction Markets Consolidate
Wall Street broker Bernstein suggests that Kalshi and Polymarket could become targets for mergers and acquisitions due to ongoing consolidation in the prediction market ecosystem. The broker emphasizes that companies integrating consumer distribution with exchange infrastructure are increasing competitive pressure, potentially leading to strategic deals, as reported by CoinDesk.
last week·CoinDesk·Reported by Will Canny
JPMorgan Reports Limited Institutional Demand for Perpetual Futures
JPMorgan indicates that institutional interest in perpetual futures remains low, primarily viewing them as speculative trading tools rather than hedging instruments. The bank's report outlines several barriers to adoption, including basis risk and lack of traditional clearing protections, according to CoinDesk.
last week·CoinDesk·Reported by Will Canny
FundBank Rebrands as IRACE Digital, Expands Into Digital Asset Services
FundBank has rebranded as IRACE Digital and acquired Tenet Bank to enhance its digital asset services, according to CoinDesk. Under the leadership of former Zodia Custody CEO John Cronin, IRACE Digital aims to provide a unified banking solution for traditional and digital assets.
last week·CoinDesk·Reported by Will Canny
SBI Acquires Bitbank for $289 Million Amid Japan's Crypto Consolidation
SBI Holdings has purchased Japanese crypto exchange Bitbank for $289 million, signaling market consolidation as regulations tighten, according to CoinDesk. The acquisition boosts SBI's assets under custody to approximately 1.1 trillion yen and enhances its digital asset strategy, addressing the rising costs of operating independent exchanges.
last week·CoinDesk·Reported by Will Canny
Goldman Sachs Notes IPO Activity Lacks Dot-Com Era Fever
Goldman Sachs reports that U.S. IPO activity has significantly risen in 2026, yet it does not exhibit the speculative excess seen during the dot-com bubble. The current issuance reflects a normal recovery rather than an euphoria-fueled surge, according to CoinDesk.
last week·CoinDesk·Reported by Will Canny
Kraken Negotiates for 15% Stake in Aave Valued at $385 Million
Kraken is in discussions to acquire a 15% stake in the decentralized finance protocol Aave, which is valued at $385 million, as reported by CoinDesk. This potential investment follows Aave's recovery from significant losses triggered by the KelpDAO exploit that led to a mass withdrawal of deposits, despite Aave's smart contracts remaining secure.
2 weeks ago·CoinDesk·Reported by Will Canny
Standard Chartered Projects Aave Price Target of $3,500 by 2030
Standard Chartered's Geoff Kendrick forecasts Aave could reach $3,500 by 2030, a 50-fold increase from current levels. The projection reflects Aave's recovery from a previous April market disruption and its potential growth linked to decentralized finance, as reported by CoinDesk.
2 weeks ago·CoinDesk·Reported by Will Canny
Bitcoin Drops Below $60,000 Amid Fed and AI Pressures, Says Deutsche Bank
Deutsche Bank reports that Bitcoin's recent decline below $60,000 is attributed to a hawkish Federal Reserve, significant ETF outflows, and a shift of investment towards artificial intelligence. This change in market dynamics indicates that Bitcoin is becoming more like an institutional asset rather than one driven by retail speculation, according to Deutsche Bank's analysis. CoinDesk provides further details.
2 weeks ago·CoinDesk·Reported by Will Canny
Tanya Denisova Joins Agora as COO to Oversee AUSD Stablecoin Operations
Tanya Denisova, former COO of Robinhood Crypto, has been appointed as head of operations at stablecoin issuer Agora. Denisova's extensive experience in managing crypto operations is expected to support Agora's growth in its AUSD stablecoin business, which has seen a 355% increase in transfer volume in early 2026, as reported by CoinDesk.
2 weeks ago·CoinDesk·Reported by Will Canny
JPMorgan Analyzes Bitcoin Mining Network's Price Sensitivity
JPMorgan's report reveals that Bitcoin mining difficulty is becoming more sensitive to price changes, with many miners operating near breakeven levels. As Bitcoin trades below its estimated production cost of $78,000, the bank underscores the potential for increased volatility in mining metrics. This analysis appears in CoinDesk.
2 weeks ago·CoinDesk·Reported by Will Canny
