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
LayerZero is no longer just a protocol for moving crypto between blockchains. The interoperability network says it has processed more than $200 billion in value across 165 blockchains, making it one of the largest pieces of infrastructure connecting the digital asset economy. That scale is drawing comparisons beyond crypto. LayerZero’s historical transaction volume now exceeds
Indian banks are increasingly integrating blockchain into core banking operations to speed up payments, trade finance, and securities settlement while the country continues to keep cryptocurrencies at arm’s length. Instead of building around public crypto networks, lenders have largely focused on permissioned blockchain networks developed for regulated financial services. The shift comes as banks gain
Kenya has launched a blockchain-based system for verifying academic credentials through the Kenya National Examinations Council (KNEC), placing more than 30 million records on the Avalanche network in an effort to combat certificate fraud and make credentials easier to verify. KNEC and Avalanche announced the initiative on Monday, saying the platform is designed to address
BlackRock, the world’s largest asset manager, has launched two tokenized money market products designed to serve as reserve assets for stablecoins, marking another step in bringing regulated financial products onto blockchain infrastructure. The first product, BlackRock Select Treasury Based Liquidity Fund OnChain Shares (BSTBL), is a tokenized share class of the asset manager’s existing Select
In his latest video analysis, cryptocurrency analyst Benjamin Cowen assessed the current market situation of Bitcoin in light of its technical indicators and historical cycles. According to Cowen, Bitcoin has entered a critical technical consolidation phase that will determine its direction in the near future. Cowen argued that two key levels stand out in Bitcoin’s
Blockchain analytics company Glassnode reported that Bitcoin retreated to around $62,600 after failing to sustain itself above $66,000. According to the company, weak demand in the spot market and the defensive positions of derivatives investors increased pressure on the price, while the resilience of long-term investors, rising network activity, and renewed ETF inflows continued to
Ray Dalio, the billionaire investor and founder of Bridgewater Associates, the world’s largest hedge fund, made noteworthy statements on the global financial system, impending economic risks, and asset allocation. Dalio stated that investors should turn to “solid money” assets like Bitcoin and gold, which cannot be printed, in the event of a potential financial collapse,