Bank of America (BofA) has upgraded Coinbase (COIN) to a “buy” rating, pointing to the exchange’s growing ambitions beyond crypto trading and its increasingly diversified business model. In a research note published Thursday, BofA analyst Craig Siegenthaler highlighted Coinbase’s pivot toward becoming an “everything exchange” — a single app where users could one day trade
Polygon, an Ethereum Layer-2 blockchain designed to achieve faster transaction speeds and lower fees, is close to acquiring Coinme, one of the first U.S. bitcoin ATM kiosk providers, according to two people familiar with the matter. Polygon is looking to buy the kiosk provider for $100 million to $125 million, and is being advised by
Banking giant JPMorgan wants to build its own “regulated, interoperable digital money” that can move near-instantly and securely across financial markets, a spokesperson for the bank told CoinDesk. JPMorgan is already laying out plans to expand its JPM Coin deposit token beyond Base, the Ethereum Layer 2 network built by Coinbase, to Digital Asset’s privacy-focused
U.S. spot XRP exchange-traded funds (ETFs) recorded their first net outflow day since listing in mid-November, ending what had been the cleanest inflow streak among major crypto funds. The funds recorded outflows of $40.8 million on Jan. 7, according to data tracked by SoSoValue. The day’s performance marked a notable shift from nearly two months
Key Takeaways Morgan Stanley is set to introduce a digital wallet by the end of the year. The wallet will support tokenized assets, potentially including private company equities. Morgan Stanley is doubling down on digital assets as part of the company’s 2026 roadmap. According to Barron’s, the banking giant plans to launch a digital wallet
Key Takeaways Google is testing a new all time closing high after briefly reaching a record intraday price near $330. The rally has lifted Google past Apple in market value as AI progress and investor demand support shares. Alphabet, the parent company of Google, saw its shares open about 1% higher on Thursday, briefly reaching
Bitcoin BTC$90,483.74 was off its worst levels in morning U.S. trade Thursday, rising back to $90,500 after having fallen to roughly $89,300 earlier in the session. This third consecutive day of pullback comes after bitcoin rose to just shy of $95,000 on Monday, with lighter trading volumes and a wave of profit-taking being observed by
Although the leading cryptocurrency Bitcoin (BTC) made a strong start to 2026 by rising above $90,000, it has still not recovered from the downward trend that began in October. While Bitcoin struggles to overcome key resistance points, both bearish and bullish predictions are emerging, with the latest analysis coming from Bernstein. Bernstein, a prominent figure
Key Takeaways Introduction of House Bill 1039 aims to establish the Florida Strategic Cryptocurrency Reserve. The reserve will be a special fund managed by the state’s Chief Financial Officer. A new bill filed in the Florida House seeks to establish a state-managed strategic crypto reserve, giving the state authority to acquire, hold, and invest in
Happy Thursday, advisors! Happy New Year!. As we enter 2026, the question for wealth management has fundamentally shifted. It is no longer “will digital assets matter?” but rather “can your firm afford to be the one that says no?” Andreessen Horowitz declared 2025 as the year crypto went mainstream, and for good reason. Traditional finance