BlackRock (BLK), the world’s largest asset manager, is building on its recent expansion of tokenized cash offerings in the U.S. by tapping into a combined $311 billion of assets under management in European money market funds in a sign of the growing appeal of holding real-world assets on blockchain technology. BlockRock unveiled 12 new tokenized
Caleb & Brown, an Australian crypto brokerage owned by the Swyftx Group, has entered the UK market, expanding its services for wealthy investors beyond Australia and the US. The expansion comes a year after the boutique digital asset brokerage was acquired by Swyftx in 2025 in a deal worth more than $100 million. The firm
Shares of Circle Internet Group fell sharply in premarket trading on Monday after Morgan Stanley downgraded the stablecoin issuer, while TD Cowen initiated coverage with a bullish rating, highlighting a growing divide on Wall Street over the company’s long-term prospects. Circle stock declined 6% to $58.81 in premarket trading following the contrasting analyst calls. Meanwhile,
Intesa Sanpaolo, Italy’s largest banking group, cut the underlying-share amount of its reported iShares Bitcoin Trust ETF call position by 99.3% in the second quarter, while a 500,000-share-equivalent held put row appeared and its staked Ethereum ETF balance roughly tripled. The changes mark a reset in the Italian bank’s disclosed quarter-end crypto ETF positions. They
Cantor Fitzgerald has lowered its price target on Strategy (formerly MicroStrategy) to $186 from $212, while maintaining an Overweight rating on the stock. The adjustment reflects a more conservative near-term outlook for Bitcoin, the company’s primary treasury asset, according to a note from Walter Bloomberg. Why the price target was cut The investment bank revised
Citigroup has revised its price target for Coinbase Global (COIN), lowering it to $210 per share from the previous $235. The adjustment reflects a more cautious outlook on the cryptocurrency exchange’s near-term earnings potential amid a challenging market environment. What the Price Target Cut Means The new target still implies a modest upside from Coinbase’s
Hyperscale Data, a U.S.-listed Bitcoin treasury company trading under the ticker DAT, has secured a $30 million Bitcoin-backed loan through the decentralized finance (DeFi) lending protocol Morpho. The funds are earmarked for expanding its AI data center in Michigan, according to a report by The Block. The move underscores a growing trend among Bitcoin-accumulating companies