Will Canny

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 finance reporter at CoinDesk. He owns more than $1,000 of SOL.

Will Canny

Latest from Will Canny


Markets

Benchmark Sees Canaan as Indirect Investment in Bitcoin, Shares Gain

The broker initiated coverage of the mining-equipment business' stock with a buy rating and $9 price target.

Canaan SVP Edward Lu with the Avalon 1266 model at Bitcoin 2022 conference (Aoyon Ashraf/CoinDesk)

Finance

Citi Says Crypto Market Volatility Has Affected User Adoption

Concerns about stablecoins following UST’s collapse have exacerbated declines in digital asset prices, the bank said.

Citibank (TungCheung/Shutterstock)

Finance

Metaverse-Related Economy Could Be as Much as $13T: Citi

The bank’s analysts identified early investment opportunities that could benefit from the growth of the digital world.

Metaverse Zone from CoinDesk's Consensus 2022 (CoinDesk)

Markets

Morgan Stanley Sees Crypto Equivalent of Quantitative Tightening

The bank pointed to weakness in crypto markets, the failure of a dollar stablecoin and a reduction in leverage in decentralized finance.

Eviart/Shutterstock

Finance

Investors View Polkadot as an Alternative Layer 1, Coinbase Says

The market cap of Polkadot’s DOT token relative to ether has been falling since November, according to the report.

The Polkadot pavilion on the Promenade at the World Economic Forum in Davos, Switzerland. (Sandali Handagama/CoinDesk)

Finance

Morgan Stanley Says Record Crypto Venture Capital Investment to Slow

Deal activity peaked in December and could fall as much as 50% by year-end, the bank said.

Las inversiones de venture capital se ralentizarán este año. (Andrew Khoroshavin/Pixabay)

Policy

Defining Cryptocurrency Regulation Important for the Industry to Grow: Morgan Stanley

Disagreement on new legislation would be negative and lead to an extended period of uncertainty, the bank said.

The crypto industry should establish a more compliance-driven environment. (Nora Sahinun)

Markets

Goldman Sachs Says DeFi’s Interconnections Can Increase Systemic Risk

Contagion risk related to UST’s depegging hit staked ether (stETH) because of Lido’s exposure to the Terra ecosystem, the bank said.

Yuri Turkov/Shutterstock

Markets

Goldman Sees Little US Economic Impact From Lower Cryptocurrency Prices

The stock market decline has had a much larger effect on U.S. household net worth, the bank said.

U.S. households have suffered little from recent crypto market declines. (Jonathan Meyer/Pexels)

Markets

BofA Says Crypto Winter, Contagion Risk Concerns Are Overdone

The collapse of the Terra network was due to prioritization of mass adoption over price stability, the bank said.

winter_glove_snow_Shutterstock