Latest from Will Canny
Crypto-Focused Menai Financial Group Shuttering Market-Making Business in London and Tokyo
The firm said it continues to invest in and expand its asset-management business.

Ether Breaking Out Ahead of Ethereum’s Shanghai Upgrade: Bernstein
The rally in the price of ether is similar to the move seen before the blockchain’s last upgrade, the Merge, the report said.

Crypto Custodian Copper Partners With OKX to Provide Off-Exchange Settlements
Institutional clients will be able to trade on the OKX exchange while their digital assets remain safeguarded with Copper.

U.S. Banking System Turmoil Has Spurred Bitcoin Outperformance: Coinbase
The cryptocurrency has topped other digital assets in the last month, a report from the exchange noted.

CFTC Could Force Binance to Cease U.S. Operations as Part of Settlement: Bernstein
The crypto exchange will look to safeguard its dominant international business, which is its cash cow, the report said.

Bitcoin Has Benefited From U.S. Dollar Liquidity to Support Banks: Morgan Stanley
Traders on Binance now set the daily price for BTC with the crypto exchange’s share of trading volume reaching 80%, the bank said.

Bitcoin Mining Industry Is Well Positioned to Participate in a New Cycle: Bernstein
The next main catalyst for the sector is the reward halving due early 2024, the report said.

California Leads the Way as U.S. Federal, State Agencies Consider Blockchain’s Applications: Bank of America
The tokenization of vehicle titles could enable fractionalized vehicle ownership, the report said.

U.S. Banking Crisis Could Present an Opportunity for Some Crypto Exchanges: JPMorgan
Stablecoin trading volumes have increased following the run of bank collapses in the U.S., the report said.

Coinbase Downgraded by Oppenheimer After Disclosing Possible SEC Charges
The Wall Street firm said it is worried about the fairness of crypto enforcement actions in the U.S.
