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Will Canny

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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 contract reporter at CoinDesk.

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Interconnections between DeFi apps amplify systemic risk, Goldman says. (Yuri Turkov/Shutterstock)
Markets
Defi
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.
Interconnections between DeFi apps amplify systemic risk, Goldman says. (Yuri Turkov/Shutterstock)
By Will Canny
May 23, 2022 at 12:56 p.m. UTC
May 23, 2022
DeFiAnalysisLido
U.S. households have suffered little from recent crypto market declines. (Jonathan Meyer/Pexels)
Markets
Us
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)
By Will Canny
May 20, 2022 at 10:43 a.m. UTC
May 20, 2022
USEconomyAnalysis
Concerns of a crypto winter are overblown, Bank of America said. (Shutterstock)
Markets
Crypto winter
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.
Concerns of a crypto winter are overblown, Bank of America said. (Shutterstock)
By Will Canny
May 19, 2022 at 10:08 a.m. UTC
May 19, 2022
Crypto WinterTerraAnalysisBank of America
Terra's collapse is unlikely to put the wider financial system under pressure. (Eviart/Shutterstock)
Markets
Bitcoin
Citi Says Fallout From Terra Collapse Unlikely to Hit Wider Financial System
Recent weakness in bitcoin and equities looks contemporaneous and doesn’t show any lag or lead effect, the bank’s analysts said.
Terra's collapse is unlikely to put the wider financial system under pressure. (Eviart/Shutterstock)
By Will Canny
May 17, 2022 at 10:43 a.m. UTC
May 17, 2022
BitcoinUSTCiti
Morgan Stanley's U.K. headquarters (Simon Dawson/Bloomberg via Getty Images)
Finance
Morgan stanley
Morgan Stanley Says NFTs Next to Watch After UST Collapse
Most speculative and leveraged areas of crypto markets now in focus, the bank’s analysts said.
Morgan Stanley's U.K. headquarters (Simon Dawson/Bloomberg via Getty Images)
By Will Canny
May 16, 2022 at 11:41 a.m. UTC
May 16, 2022
Morgan StanleyNFTsCrypto
CoinDesk placeholder image
Markets
Defi
Morgan Stanley Says Over 100 Crypto Assets Were Created in Past Week, Mainly on DeFi Exchanges
Despite a fall in crypto prices, the creation of digital assets is still high, the bank’s analysts said.
CoinDesk placeholder image
By Will Canny
Apr 28, 2022 at 11:35 a.m. UTC
Apr 28, 2022
DeFiCrypto AssetsAnalysisMorgan StanleyStocksBitcoin
(TK Kurikawa/Shutterstock)
Finance
Banking
Morgan Stanley Says Wholesale Banks Can Thrive in a More Regulated Crypto Market
The revenue opportunity could reach as much as $16 billion in the next three to five years, the bank’s analysts said.
(TK Kurikawa/Shutterstock)
By Will Canny
Apr 25, 2022 at 10:59 a.m. UTC
Apr 25, 2022
BankingAnalysis
(Károly Meyer/Pixabay)
Finance
Analysis
Morgan Stanley Says Crypto Could Become More Widely Used as Currency
Partnerships with physical stores are a significant milestone in the evolution of bitcoin as a medium of payment, the bank said.
(Károly Meyer/Pixabay)
By Will Canny
Apr 21, 2022 at 12:13 p.m. UTC
Apr 21, 2022
AnalysisPayments NetworkMorgan Stanley
Apple and Meta lead the competition for virtual reality, Goldman Sachs says. (Shutterstock)
Finance
Metaverse
Goldman Says Apple, Meta Lead in Developing Metaverse Technology
Virtual reality platforms are set to evolve rapidly into 2023, the bank’s analysts said.
Apple and Meta lead the competition for virtual reality, Goldman Sachs says. (Shutterstock)
By Will Canny
Apr 21, 2022 at 10:12 a.m. UTC
Apr 21, 2022
MetaverseVirtual RealityAnalysisAppleFacebook
Coinbase (Flickr)
Finance
Coinbase
Coinbase Says Idiosyncratic Variables Still Impacting Crypto Returns
This supports the use of digital assets for portfolio diversification, the report said.
Coinbase (Flickr)
By Will Canny
Apr 13, 2022 at 12:32 p.m. UTC
Apr 13, 2022
CoinbaseCryptoMarkets