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Will Canny

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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 contract reporter at CoinDesk.

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Bank of America (Taylor Simpson/Unsplash)
Finance
Crypto exchange
Coinbase Upgraded to Neutral From Underperform at Bank of America on Positive Crypto Market Dynamics
The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said.
Bank of America (Taylor Simpson/Unsplash)
By Will Canny
May 17, 2024 at 1:06 p.m. UTC
May 17, 2024
Crypto ExchangeCryptoCoinbaseCOINBank of AmericaAnalyst Ratings
Ethereum co-founder Vitalik Buterin. (CoinDesk)
Markets
Ether
Ether Could Surprise to the Upside in the Coming Months, Coinbase Says
The cryptocurrency does not have major supply-side overhangs such as token unlocks or miner sell pressure, the report said.
Ethereum co-founder Vitalik Buterin. (CoinDesk)
By Will Canny
May 17, 2024 at 10:04 a.m. UTC
May 17, 2024
EtherCrypto
Bitcoin Mining Cost Estimate Drops to $45K as Inefficient Miners Exit: JPMorgan. (Shutterstock)
Markets
Bitcoin
Bitcoin Mining Cost Drops to $45K as Inefficient Miners Exit: JPMorgan
The bank sees limited upside for the bitcoin price in the near term due to a number of headwinds.
Bitcoin Mining Cost Estimate Drops to $45K as Inefficient Miners Exit: JPMorgan. (Shutterstock)
By Will Canny
May 16, 2024 at 3:05 p.m. UTC
May 16, 2024
BitcoinBitcoin MiningAnalystsJPMorgan
HUT 8 Mining Upgraded to Buy at Craig-Hallum. (hut8.io)
Markets
Bitcoin
Miner Hut 8’s Bitcoin Stack Gives it Capital to Pursue Upcoming Projects, Upgrade to Buy: Craig-Hallum
The miner’s bitcoin stash is a protective feature for investors and opportunistic capital for the business to use for growth, the report said.
HUT 8 Mining Upgraded to Buy at Craig-Hallum. (hut8.io)
By Will Canny
May 16, 2024 at 1:31 p.m. UTC
May 16, 2024
BitcoinBitcoin MiningHut 8 Mining
Mike Novogratz (CoinDesk)
Markets
Earnings
Galaxy Digital Has Strong Momentum Across All Business Lines: Canaccord
The approval of spot bitcoin ETFs was a catalyst for the increase in counterparty engagement in the first quarter as more traditional asset managers and hedge funds entered th...
Mike Novogratz (CoinDesk)
By Will Canny
May 15, 2024 at 10:17 a.m. UTC
May 15, 2024
EarningsCryptoGalaxy Digital
New and old bitcoin mining rigs at CleanSpark's site in Georgia.
Markets
Bitcoin
Bitcoin Mining Difficulty Slumped Last Week in Biggest Decline Since Crypto Winter: Bernstein
Lower cost miners have increased market share since the bitcoin halving, the report said.
New and old bitcoin mining rigs at CleanSpark's site in Georgia.
By Will Canny
May 13, 2024 at 11:57 a.m. UTC
May 13, 2024
BitcoinBitcoin MiningDifficultyHashrate
JPMorgan says Robinhood's Wells Notice shouldn't be an obstacle to approval of a spot ether ETF. (Shutterstock)
Markets
Robinhood
Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan
Potential legal action against Robinhood should be viewed as a continued attempt by the SEC to reinforce its stance that all crypto tokens other than bitcoin and ether should...
JPMorgan says Robinhood's Wells Notice shouldn't be an obstacle to approval of a spot ether ETF. (Shutterstock)
By Will Canny
May 9, 2024 at 3:48 p.m. UTC
May 9, 2024
RobinhoodSECCryptoEnforcement
Robinhood reported a large earnings beat driven by crypto trading. (Shutterstock)
Markets
Crypto
Robinhood Delivers Big Earnings Beat Driven by Booming Crypto Trading: Analysts
The positive momentum seen in the first quarter has continued, with the platform taking in a record $5 billion in deposits in April, the analysts said.
Robinhood reported a large earnings beat driven by crypto trading. (Shutterstock)
By Will Canny
May 9, 2024 at 10:15 a.m. UTC
May 9, 2024
CryptoRobinhoodEarningsAnalyst Ratings
President Trump Delivers Remarks in New Orleans; Jan 14, 2019
Finance
Trump administration
Bitcoin Could Benefit From a Trump Win and U.S. Fiscal Dominance: Standard Chartered
A Trump election victory could be positive for crypto as his administration would likely push for a more supportive regulatory environment, the report said.
President Trump Delivers Remarks in New Orleans; Jan 14, 2019
By Will Canny
May 7, 2024 at 3:06 p.m. UTC
May 7, 2024
Trump AdministrationBitcoinAnalyst Ratings
Robinhood would likely prevail in a legal case with the SEC. (Shutterstock)
Markets
Ether
Robinhood Would Likely Win Crypto Court Case With the SEC: KBW
The platform being issued a Wells Notice by the SEC is surprising given the company’s conservative approach to digital assets listings, the report said.
Robinhood would likely prevail in a legal case with the SEC. (Shutterstock)
By Will Canny
May 7, 2024 at 9:42 a.m. UTC
May 7, 2024
EtherCryptoRobinhood