Analysis

Characters from Axie Infinity (AxieInfinity.com)
Metaverse Majors Struggle as User Base Falls Short of Market Expectations
Decentraland, Axie Infinity and The Sandbox have larger valuations and fewer active users than non-blockchain games.
Characters from Axie Infinity (AxieInfinity.com)

The growth of DeFi is set to slow, Morgan Stanley says. (Tommaso Banzato/Shutterstock)
Morgan Stanley Sees DeFi Remaining ‘Fairly Small’ as Growth to Slow
Regulation and overcollateralization are the main hurdles for the sector, the bank said.
The growth of DeFi is set to slow, Morgan Stanley says. (Tommaso Banzato/Shutterstock)

The Chainlink oracle transfers data to smart contracts from outside sources. (Shutterstock)
Chainlink's Total Value Secured Expansion Isn’t Matched by LINK Token’s Growth
The disconnect may reflect a number of issues, including market saturation, according to a Coinbase report.
The Chainlink oracle transfers data to smart contracts from outside sources. (Shutterstock)

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Bank of America Sees No Crypto Winter Given User Adoption, Developer Activity Growth
Still, crypto market upside will likely be limited for the next six months by Fed tightening and macro headwinds.
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Bitcoin has become a risk asset, according to Man Group analysts. (Shutterstock)
Man Group Analysts Say Crypto Is Just a Rate-Sensitive Risk Asset
Bitcoin has become more correlated with the Nasdaq index and the ARK Innovation exchange-traded fund.
Bitcoin has become a risk asset, according to Man Group analysts. (Shutterstock)

Bitcoin is seen more as a risk asset than an inflation hedge. (Sean Benesh/Unsplash)
BofA Says Bitcoin Trades More as Risk Asset, Less as Inflation Hedge
The cryptocurrency’s volatility remains elevated relative to stock indices.
Bitcoin is seen more as a risk asset than an inflation hedge. (Sean Benesh/Unsplash)

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Morgan Stanley Says Bitcoin’s 50% Correction Is Nothing New
The slide is within historical norms, the bank’s analysts said.
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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)