Wall Street banking and research firm Compass Point has initiated coverage of crypto platform Bullish (BLSH), the parent company of CoinDesk, with a neutral rating and a $45 price target. Despite a belief that Bullish’s lower fee structure could help it chip away at Coinbase’s (COIN) U.S. market share in the future, the analyst Ed … Read more
Opinion by: Darren Sonderman and Sydney Sonderman, financial lines insurance brokers at CAC Group Digital assets, decentralized finance (DeFi) and tokenization are no longer fringe concepts — they are reshaping global finance. With real-world asset tokenization projected to hit $20 trillion within the decade, the race is on to establish strong legal and regulatory frameworks. … Read more
Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services, the satellite provider said in a regulatory filing on Friday. Shares of Globalstar jumped over 30%, while Apple was down around 1.4% a day after it forecast tepid quarterly revenue growth. Under the funding agreement, Apple will … Read more