Like bitcoin, ethereum Other encrypted currencies continue to pay more attention to investors, Wall Street and traditional banks continue to adapt to the transformation. Holding the highest stories this week that highlights the intersection of this old guard and new financial fields through this summary collection.
Binance founder denies a report on Trump’s talks: On Thursday, Rebecca Palanh of Wall Street Journal, Patricia Kosman, Angus Peruick, Josh Dossi and Citeline Ostrov stated that the president’s representatives Encryption Binance exchange, quoting people familiar with this issue. Sources added that the founder of Binance, the billionaire, Changpeng Zhao, who spent four months in prison after he admitted that he was guilty of violating the requirements for anti -money laundering requirements, is paid for the Trump administration to give him an amnesty.
After the report, Changpeng Zhao, Binance Founder and Ex-CEO, I mentioned in a post to x: “Sorry for frustration. I made a WSJ article in the facts. More than 20 people told me that they had asked by WSJ (and other media),“ Can you confirm that CZ concluded some of the deal to pardon? ”Maybe they asked hundreds of people to communicate with 20 people. In its essence, they tried hard to present a story to report it. In fact: I did not discuss any discussions about our dealings with … well, no person. Any criminal of amnesty, especially as he is the only one in the history of the United States.
Coinbase provides registration in India: Coinbase (currency) Declared this Tuesday It was registered with the Financial Intelligence Unit in IndiaWhich represents a great milestone in the international expansion strategy. The company plans to launch primary retail services later this year, followed by investment and additional products in India after that. “We are committed to building in the markets that believe in the capabilities of Crypto and Onchain Innovation,” said John Olujen, APAC Regional Director at Coinbase. “India is one of the most exciting market opportunities in the world today, and we are proud to deepen our investments here in full compliance with local regulations.”
In addition, on Tuesday, Mizuho reduced the target company price on Coinbase To 217 dollars from 280 dollars and keep a neutral classification On stocks. The company said that since its last update on February 20, the price Bitcoin It decreased from $ 98,000 to $ 79,000, and Coinbase shares decreased by 30 %. The analyst said that while some multiple pressure is justified due to the low complications through technology, this step in Coinbase has been late. Mizuho believes that the stock should be trading to $ 217. Although he sees some bullish trend from here, it remains neutral due to the long -term risk to pressure pricing from increasing competition through the coding trading space. Mizuho cited low market complications to reduce the target.
Digital reports bit fy24 results: Friday, a little digital (BTBT) I mentioned fy24 Arrow’s profits of 19 ° C at $ 108.1 million in revenue, Which compared to the loss of one share of (16 ° C) on revenues of $ 44.9 million last year. The company obtained 949.9 Bitcoins during the year 2024, by 37 % for the previous year, and the treasury property was in BTC and Eth 741.9 and 27623.2, respectively, with a fair market value of about 69.3 million dollars and 92.1 million dollars on December 31, respectively.
The company said, “2024 was distinguished by a pivotal transformation for Bit Digital. Our business was historically driven through mining digital assets, but successful launch and rapid expansion of our business in HPC mainly reshaped our company. This development led to the growth of more than 140 % of revenues, as these new trade lines contributed in nearly half of the total revenue. It was a distinguished landmark in this transformation is to obtain centers ENOVUM data in October. Amnesty International Calculation. Bitcoin mining remained a major contribution to revenue, with $ 58.6 million, an increase of 32 % on an annual basis. However, with our HPC scaling, the mining share of total revenue decreased to 54 % in 2024, and more to 40 % in the fourth quarter of the second quarter of 2014, compared to 98 % in 2023. This converting to our strategic axis towards infrastructure revenue flows. “
Analysts update Bitcoin miners models: On Thursday, JPMorgan reduced the category of blade mining ((CIFR) Neutral weight gain without the price. The company has updated the goals of the bitcoin workers workers and the models to reflect the results of the Q4, the changes in the price of bitcoin and the network fragmentation rate. The company now sees less bullish capabilities for blades mining shares. The analyst said that Cipher can sign a high -performance mathematical deal on its Barber Lake, which may lead to the upward trend, but deals can take up to nine months to negotiate and end.
In addition, the company was upgraded iron(Irene) to Weight gain from neutral with the price goal of 12 dollars, a decrease from $ 15. Jpmorgan named Iren on the best choice for the “strong” mining and high -performance computing “option”. The analyst said that the shares were “excessively punished” from year to date, and 70 % of the upward trend at the current levels, which may prove a governor if IRN announced the HPC deal with the brand tenant.
The goal of the cell price has decreased: Cantor Fitzgerarald has reduced the target company price cell digital (cell) Tuesday To 8 dollars from $ 11 and keep the weight gain classification On stocks. HIVE said it took advantage of 89 Bitcoin during February, or 3.1 Bitcoin per day, a decrease from 102 Bitcoin bombed in January, and its share of the total Bitcoin network decreased to 0.69 % of 0.73 % based on the peak retail rate. Cantor continues to believe that the current levels represent an attractive risk/reward, as the company is confident of HIVE to implement on Bitco Mining and AI Cloud goals, which will represent 300 % growth of retailers and $ 100 million in annual operating rate revenues in 2025, respectively.
Playing the encryption stock: Companies for the public include the area with digital bits, Coinbase and Core Scientific (Corses)Gildge Genidge (agglutinate)Mara Holding, Strategy (MSTR)Riot control platforms, stronghold digital mining (SDIG) And Terawulf (WULF).
Price work: As of the time of writing this report, Bitcoin decreased around 6 % this week to $ 83,160 in US dollars, according to Coindsk.
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