Bernstein has reiterated its outperform rating on TeraWulf (NASDAQ: WULF) and maintained a $36 price target, following the company’s second-quarter earnings report. …
Sees
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Markets
Bernstein sees another leg lower for crypto markets if Clarity Act stalls
by shayaanby shayaanThe broker said failure to pass the Clarity Act this year would likely send crypto lower, but expects U.S. regulators to accelerate …
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Analysis
HYPE Price Slides as Whale Selling Grows, But Grayscale Sees Long-Term Value
by shayaanby shayaanThe HYPE price has been under pressure since peaking at $76.80 in June, extending its decline and aiming toward the 200-day EMA …
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syrupUSDC has reported substantial inflows, attracting $378 million in deposits throughout May. This surge brought its assets under management (AUM) to $2.9 …
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In a recent tweet, Token Terminal announced that SteakhouseFi’s total value locked (TVL) has surged to $2.2 billion, reflecting a remarkable increase …
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DeFi
Cap ‘stabledrop’ U-turn sees cUSD drop $23M, founder denies self dealing claims
by shayaanby shayaanCap Labs, issuer of cUSD, is in damage control mode following an unpopular u-turn on its long-anticipated “stabledrop” program. Announced on Friday, …
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Analysis
DRV Price Soars 70% After Upbit Listing as Derive Sees Rising Network Activity
by shayaanby shayaanThe DRV price exploded as much as 70% to $0.1920 before cooling to around $0.1530, putting the spotlight back on Derive, the …
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Markets
Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic
by shayaanby shayaanThe market shrank by $7.7 billion in June alone, the largest dollar amount since May 2022’s Terra-Luna crash, but stablecoins will likely …
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Finance
Mizuho Cuts Strategy Price Target to $213, Still Sees MSTR Climbing Above $200
by shayaanby shayaanMizuho reduced its price target for Strategy Inc. after revising its long-term Bitcoin expectations, yet the firm continues to expect meaningful upside …
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DeFi
Invesco’s Tokenized Treasury Fund USTB Sees 300% Surge in Aave Deposits During Q2
by shayaanby shayaanDeposits of USTB, the tokenized U.S. Treasury fund managed by global asset manager Invesco, surged by approximately 300% on the decentralized finance …