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JPMorgan Upgrades Cipher Mining and CleanSpark as Bitcoin Miners Expand Into HPC
JPMorgan has upgraded ratings for select U.S.-listed bitcoin mining companies pivoting toward high-performance computing services. Cipher Mining received an Overweight rating with a price target of $18, while CleanSpark was also upgraded to Overweight. The investment bank cites secured HPC contracts and expanding data center capacity as key drivers for the improved outlook.
BTC
BTC+0.58%
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Six Japanese Asset Managers Plan Bitcoin Investment Trusts Ahead of 2026 Regulatory Reforms
Six major Japanese asset management firms are developing cryptocurrency investment products in anticipation of regulatory changes that would permit digital assets in investment trusts for the first time. The Financial Services Agency plans to submit legislative proposals during the 2026 parliamentary session to reclassify cryptocurrencies under the Financial Instruments and Exchange Act. Current regulations prohibit cryptocurrencies from being included in investment trust structures, limiting retail and institutional access to digital assets through mainstream channels.
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JP Morgan Accused of Manipulating Crypto Selloff With 42-Day-Old MSCI Note
Bitcoin For Corporations analysts accuse JP Morgan Chase of triggering a cryptocurrency market crash by resurfacing a six-week-old MSCI document about MicroStrategy delisting risks minutes before a major tariff announcement. The note, originally published but ignored for 42 days, warned of $2.8 billion in potential outflows from Strategy. The document preceded a $19 billion liquidation cascade across crypto markets.
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Bitcoin Open Interest Drops to Six-Month Low as Price Falls 20% in a Month
Bitcoin open interest has contracted sharply during a month-long price decline, posting the steepest 30-day drop of the current cycle, data show. The cryptocurrency has fallen roughly 20% over the past month to trade around $86,100, down more than 30% from its early October record above $126,000. Approximately 1.3 million BTC in open positions have been eliminated, driven largely by activity on Binance.
BTC
BTC+0.58%
acum 2 zile