This morning, Jefferies slashed its price target on SanDisk stock 42% from $3,000 to $1,750. ZeroHedge laughed out loud at the drastic …
Jefferies
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Markets
Jefferies warns against buying the dip in Circle as Open USD raises new competition fears
by shayaanby shayaanThe investment bank said new competition from the Stripe- and Coinbase-backed stablecoin consortium could pressure USDC’s growth. www.coindesk.com
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Markets
Jefferies warns of crypto market volatility as Clarity Act faces Senate test
by shayaanby shayaanThe bank said the bill faces major hurdles, with passage boosting institutional crypto adoption and delays prolonging regulatory uncertainty. www.coindesk.com
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Jefferies, one of Wall Street’s more established investment banks, just put a number on what many in the crypto industry have been …
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Finance
Crypto IPOs could create massive $1 trillion market amid tokenization wave, Jefferies says
by shayaanby shayaanJefferies said it expects a new wave of crypto and blockchain-related public listings as institutional adoption of digital asset infrastructure accelerates across …
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Markets
Stablecoin boom could eat into traditional banks' profits, warn Jefferies analysts
by shayaanby shayaanDigital dollar use in payments and crypto markets may slowly pull deposits from banks, forcing lenders to seek pricier funding, a new …
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Mining
U.S.-Listed Bitcoin Miners Accounted for 25% of Global Network in December: Jefferies
by shayaanby shayaanU.S.-listed bitcoin (BTC) miners accounted for 25.3% of the global network in December, Jefferies said in a research report on Thursday. The …
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Mining
Bitcoin Miners Are Expected to be Profitable in December, Jefferies Says
by shayaanby shayaanBTC’s rise to record highs earlier this week is expected to allow miners to extend their November profitability into December, according to …
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Mining
BTC Miner Core Scientific Uniquely Positioned to Capture AI Demand, Initiate at Buy: Jefferies
by shayaanby shayaanJefferies initiated coverage of bitcoin miner Core Scientific with a buy rating and a $19 price target. The company is uniquely positioned …