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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A Hut 8 mining facility (hut8.io)
Bitcoin Miner Hut 8 Has Larger, More Diversified Business Model Following USBTC Merger: Canaccord
The broker cut its price target to $14 from $17.50 while maintaining its buy rating.
A Hut 8 mining facility (hut8.io)
JP Morgan building (Shutterstock)
Ether Could Avoid Designation as a Security With Centralization Risk Easing, JPMorgan Says
Staking platform Lido’s share in staked ether has continued to fall, reducing concerns about concentration in the Ethereum network, the report said.
JP Morgan building (Shutterstock)
Franklin Templeton CEO Jenny Johnson speaks at Consensus 2023. (Shutterstock/CoinDesk)
Activity Is Beginning to Accelerate in the Bitcoin NFT Space: Franklin Templeton
Bitcoin Ordinal collections are beginning to dominate the NFT market, the report said.
Franklin Templeton CEO Jenny Johnson speaks at Consensus 2023. (Shutterstock/CoinDesk)
Brian Armstrong speaks at a political rally hosted by Stand With Crypto. (screenshot from Coinbase video)
Coinbase to Benefit From Long-Term Adoption of Blockchain Technology: Oppenheimer
The broker raised its price target for the crypto exchange to $276 from $200.
Brian Armstrong speaks at a political rally hosted by Stand With Crypto. (screenshot from Coinbase video)
Robinhood app on a smartphone (Shutterstock)
Robinhood Initiated as Market Perform at KBW as Retail Trading Returns
Retail engagement materially accelerated in the first quarter, the report said.
Robinhood app on a smartphone (Shutterstock)
Brian Armstrong speaks at a political rally hosted by Stand With Crypto. (screenshot from Coinbase video)
Coinbase Offers Unique Exposure to the Long-Term Growth of Crypto: KBW
The broker raised its price target to $230 from $160 and maintained its market perform rating.
Brian Armstrong speaks at a political rally hosted by Stand With Crypto. (screenshot from Coinbase video)
Staking (Shutterstock)
Ethereum Could Face 'Hidden Risks' From Ballooning Restaking Market: Coinbase
Restaking has grown into the second-largest DeFi sector on the Ethereum blockchain and is likely to become a core part of the network’s infrastructure, the report said.
Staking (Shutterstock)
Sam Bankman-Fried (MIT Bitcoin Club, Mercatus Center, Cointelegraph/Wikimedia Commons, modified by CoinDesk)
Crypto Market Conditions That Fueled FTX, Bankman-Fried, No Longer Hold: Galaxy Digital
U.S. investors now have access to regulated bitcoin ETFs that provide the same protections as buying stocks and reduce the incentive to move to unregulated offshore exchanges,...
Sam Bankman-Fried (MIT Bitcoin Club, Mercatus Center, Cointelegraph/Wikimedia Commons, modified by CoinDesk)
Crystal ball with points of light being held in two hands.
Crypto Market Setup Looks Positive for Second Quarter: Coinbase
The bitcoin halving, expected in mid-April, remains the main supply-side event, the report said.
Crystal ball with points of light being held in two hands.
Michael Saylor, executive chairman of MicroStrategy (Michael.com)
MicroStrategy Slumps 14% After Short Seller Says Stock Trades at an Unjustifiable Premium to Bitcoin
The bitcoin price implied by MicroStrategy’s share price is $177K, two and a half times the spot price of the cryptocurrency, the report said.
Michael Saylor, executive chairman of MicroStrategy (Michael.com)