Is A Short Squeeze Next?

Ether (ETH) traded back above $2,000 on Friday, and its gains extended after the US Consumer Price Index (CPI) print came in cooler than expected. The recovery put ETH/USD on track for its first bullish weekly candle close since mid-January, fueling speculation for a rally toward $2,500.  Key takeaways: Ether futures’ open interest fell by…

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Banks Should Embrace Stablecoin Yield in CLARITY Act: White House Adviser

Crypto companies and platforms that provide stablecoin rewards have become a major point of contention in the CLARITY crypto market structure bill. The banking industry should not be threatened by crypto companies offering stablecoin yield to customers, and both sides must compromise on the issue, according to White House crypto adviser Patrick Witt. Witt said…

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JPMorgan (JPM) cuts Coinbase (COIN) target to $252 after 4Q miss, keeps overweight rating

Wall Street analysts from companies including JPMorgan (JPM) and Cannacord lowered their price targets for Coinbase (COIN) stock after the largest publicly traded crypto exchange missed fourth-quarter earnings estimates. JPMorgan said weak crypto prices and trading activity weighed on volumes and fees. The bank maintained its overweight rating on the crypto exchange, but cut the…

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Trump-linked Truth Social seeks SEC approval for two crypto ETFs

Yorkville America Equities, the asset manager behind a series of exchange-traded funds (ETFs) tied to U.S. President Donald Trump’s Truth Social brand, has filed registration documents for two new cryptocurrency ETFs, expanding its push into the digital asset market. According to a filing with the U.S. Securities and Exchange Commission (SEC) submitted Friday, the firm…

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