Analysis

Broader adoption of cryptocurrencies is a "double-edged sword." (Shutterstock)
Goldman: Bitcoin, Altcoins to Become More Correlated With Traditional Financial Market Variables
The bank’s analysts said digital assets won’t be immune to macroeconomic forces such as monetary tightening.
Broader adoption of cryptocurrencies is a "double-edged sword." (Shutterstock)

NEW YORK, NY - APRIL 14: Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq market site April 14, 2021 in New York City. Coinbase Global Inc. is the largest U.S. cryptocurrency exchange, debuting today through a rare direct listing.  (Photo by Robert Nickelsberg/Getty Images)
Coinbase Shares Are Very Unattractive Heading Into First Half, Mizuho Securities Says
The bank sees “significant downside to consensus revenue expectations.”
NEW YORK, NY - APRIL 14: Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq market site April 14, 2021 in New York City. Coinbase Global Inc. is the largest U.S. cryptocurrency exchange, debuting today through a rare direct listing.  (Photo by Robert Nickelsberg/Getty Images)

Dollar bill. (Shutterstock)
Bank of America Says US CBDC Would Preserve Dollar’s Status as World’s Reserve Currency
CBDC’s are an inevitable evolution of today’s electronic currencies, the bank’s analysts said.
Dollar bill. (Shutterstock)

(Melody Wang/CoinDesk)
Jefferies Sees the NFT Market Reaching More Than $80B in Value by 2025
The bank raised its market-cap forecast to over $35 billion for 2022 and expects double-digit percentage growth for the next five years.
(Melody Wang/CoinDesk)

Solana (Zack Seward/CoinDesk)
JPMorgan Says Ethereum Is Losing NFT Market Share to Solana
The bank cites Ethereum's high transaction fees and congestion.
Solana (Zack Seward/CoinDesk)

Rugs (Eric Prouzet/Unsplash)
DeFi ‘Rug Pull’ Scams Pulled In $2.8B This Year: Chainalysis
‘Rug pulls’ accounted for 37% of all scam revenue this year compared to just 1% in 2020.
Rugs (Eric Prouzet/Unsplash)

Nansen co-founders Alex Svanevik and Evgeny Medvedev. (Nansen)
On-Chain Data Hub Nansen Eyes Aggressive Growth With $75M Raise
Accel, Singapore’s sovereign wealth fund and other VCs are backing an emerging player in making blockchain data make sense. CEO Alex Svanevik explains Nansen’s scaled-up visio...
Nansen co-founders Alex Svanevik and Evgeny Medvedev. (Nansen)

Shiba inu-themed cryptocurrencies are suddenly looking a little tired. (Creative Commons/Flickr/Yuya Tamai, modified by CoinDesk)
Shiba Inu Coin Faces ‘Reversion’ Worthy of Parabolic Rise, Analyst Says
Bloomberg’s Mike McGlone sees SHIB token frenzy as a sign of “excess” in cryptocurrency markets and predicts a “reversion worthy of its parabolic rise.”
Shiba inu-themed cryptocurrencies are suddenly looking a little tired. (Creative Commons/Flickr/Yuya Tamai, modified by CoinDesk)

Goldman Sachs
Goldman Sachs Analyst Says Crypto Is an Alternative to Copper, Not Gold
The analyst noted both bitcoin and copper behave as “risk-on” inflation hedges, while gold is viewed as a haven.
Goldman Sachs

Seoul, South Korea
S. Korea’s Crypto Rules Might Only Help the ‘Big 4’ Exchanges
South Korea may not be planning to ban cryptocurrencies, but its regulatory regime may only favor the biggest incumbents.
Seoul, South Korea