As Bitcoin, Ethereum And other cryptocurries increasing investor, Wall Street and its traditional banks are still adapting to the shift. Reach these weeks of Tops’ tales at the intersection of this old guardian and new school areas of finance with this recap, who put together flying.
The founder of Binance denies the Trump Trump Report to the conversations: On Thursday, Wall Street Journal’s Rebecca Ballhaus, Patricia Kovsmann, Angus Bervick, Josh Davsei and Caitlin Ostroff reported to representatives of the President crypto The exchange of binance, referring to people who are familiar with that question. The founder of Binance’s billionaire, Changpeng Zhao, who was four months in prison after pleading guilty to fighting a monetary situation, pushing the Trump administration to assign him, the sources.
After the report, Changpeng Zhao, the founder of the stage and her former director, stated in the post to X: “I’m sorry to disappoint. More than 20 people told me that the CZ did some people who had 20 people. Fact: I had no discussions about the binenics to do … Well, any felon It would not bother pardon, especially in American history, which was ever been to a prison and crypto, and the remaining administration was still great everywhere, us and the rest of the world. It’s good to see that the WSJ thinks I need to say goodbye. “
KOINBASE provides registration in India: Coin (Coin) announced on Tuesday It is registered in the Indian Financial Intelligence Unitdenoting a significant milestone in an international expansion strategy. The company plans to launch its initial retail services later this year, followed by additional investments and products in India. “We are committed to building in markets that believe in the potential of CRIPTO and Orchain innovation,” said John O’Loghlen, the Regional Director General of Apac on coinbazia. “India is one of the most exciting market opportunities in the world today and we are proud to deepen the investment here fully in line with local regulations.”
In addition to Tuesday, Mizuho lowered the price of the company target on coinbase up to $ 217 of $ 280 and kept a neutral grade on shares. The firm said that since the last model update 20. February, the price Bitcoin has dropped from $ 98,000 to $ 79,000, and the actions of the tavern were reduced by 30%. Although somewhat multiple compression is justified due to lower multiple technological technological technologies, it is too large, the move of coins is excessively, analyst said. Mizuho believes that stock will need to get close to $ 217. While seeing a little from here, it remains neutral given the long-term risk of pressure from increased competition via crypto retail space. Mizuko stated the lower market multiple aims to reduce.
Digital reports FI44 RESULTS: On Friday, bit digitally (BTBT) Reported FI24 Earnings per share of 19 ° C for income of 108.1 months in the amount of $ 108.1 million, What compared to the loss per participation of (16C) for $ 44.9 million income last year. The company earned 949.9 Bitcoin during 2024. year, 37% reduction from the previous year and the Treasury House of BTC and ET is 741. years and 27,623,2, ie with a fair market value of approximately $ 69.3 million. December 31. December. December
The company said, “2024 marked the key to the significant digital mining and funds, but successfully reformed our company, with these new business lines that contribute to almost half of the total revenue. The definitive turning point in this transformation is our purchase of enovum data in October. More than just infrastructure expansion, operational expertise and scalable data centers and management services also introduced a new business line, further diversification of our income flows and the strengthening of our Ai calculate the possibilities. The city of Bitcoin remained a key collaborator of income, which generates 58.6 million dollars, and 32% increases the processor during the year. However, as it was hired by our HPC, a mining share in total revenue reduced to 54% in 2024. years, and compared to 98% in 2023. years, compared to 98% in 2023. Years. This shift underlines our strategic turn according to infrastructured mining operations. “
Analysts update Bitcoin Moner Models: On Thursday, Jpmorgan reduced the Mining Code (CIFR) Neutral from excessive weight without a price target. The company updated the goals of the price and the Bitcoin Miner to reflect the results of K4 and changes in the price of Bitcoin and the Hash network speed. The company now sees less upside down potential in relation to peers for mining action digits. Cipher could sign the high work of computers in its place Barber Lake, which could drive upside down, but bids can take up to nine months to negotiate and finalize, analyst said.
In addition, the firm has been upgraded Iren(Iren) to Excessive weight neutral with $ 12 price targets, down $ 15. JPMorgan called Irena, the above selection stating “strong” mining operational operations and computing high performance “.” The actions have been “overly punished” to date 70% of the current level, which could show conservatively if Iren announces HPC contract with the lease of the brand and analyst, analyst said.
The price of the hive is a reduced goal: Cantor Fitzgerald lowered the price of the company Hive Digital (Hive) Tuesday Up to $ 8 of $ 11 and kept the viewless surplus on shares. The hive said that in January minor 89 Bitcoin, or 3.1 Bitcoin, and in the participation of the total Network, Bitcoin was reduced to 0.69% from 0.73% based on a top grade, analyst said. The cantor still believes that current levels represent an attractive risk / reward, because it is confident in the ability of the hive and cloud objectives and goals, which will represent 300% increase in the Hash and 100 million dollar rates per year annually.
CRIPTO Stock: Publicly trading companies in space include essential digital, coinbase, basic scientific (Corz)Greenge Generation (Gree)Mara Holdings, Strategy (MSTR)Riot Platforms, Stronghold Digital Mining (SDIG) and Teravulf (Wolf).
Action Price: Given the writing, Bitcoin fell in about 6% to $ 83,160 in US dollars this week, according to Coindescu.
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