Collapsed cryptocurrency exchange FTX is actively selling off its assets and accumulating cash in a bid to reimburse its customers who have had their accounts frozen since the company's dramatic downfall in 2022.
Investment bank Oppenheimer has recently upgraded shares of Coinbase (NASDAQ: COIN) from “perform” to “outperform” and set a new price target of $160 per share, reflecting a positive outlook on the exchange’s future.
As the competition between Fidelity and BlackRock’s spot Bitcoin ETFs heats up, analysts have predicted that Charles Schwab, the multi-trillion dollar asset manager, is likely to offer its own Bitcoin ETF eventually. The firm has yet to create a proprietary spot Bitcoin ETF, however it allows its customers to access those already approved by the SEC.
Top stories in the Crypto Roundup today:
- FTX Offloads Assets to Raise Cash and Pay Back Customers
- Oppenheimer Upgrades Coinbase to Outperform
- Schwab to Potentially Enter Spot Bitcoin ETF Arena, Analyst Says
- Crypto Staking Basket Outperforms Others Year-to-Date