6 days ago
Cryptocurrency Live News & Updates : TD Cowen Keeps Buy Rating on Strategy Amid Bitcoin Growth
02 Jul 2025 | 03:15:13 AM IST
TD Cowen has reaffirmed its buy rating for Strategy, citing a robust equity-Bitcoin cycle and a significant increase in Bitcoin holdings to 597,325, resulting in a 63% premium over net asset value. In recent developments, TD Cowen has maintained a buy rating for Strategy, emphasizing the company's impressive acquisition of 69,140 Bitcoins, pushing its total holdings to 597,325. This surge has led to a notable 63% premium over its net asset value, with a target price set at $590 per share. Meanwhile, Circle has launched Circle Gateway, a new developer service aimed at providing a unified USDC balance and facilitating instant cross-chain liquidity, enhancing user experience across multiple blockchains. In contrast, Cango reported a decline in Bitcoin mining output for June, producing 450 BTC, although its total holdings remain substantial at 3,879.2 BTC. Additionally, a report by Certik revealed that over $2.47 billion in cryptocurrency was lost to hacks and scams in the first half of 2025, with Ethereum being the most targeted blockchain. Lastly, Nillion has introduced its Phase 0 upgrade, enhancing privacy computing capabilities, allowing developers to run AI models securely within Trusted Execution Environments. These updates reflect the dynamic and evolving landscape of the cryptocurrency sector. Show more
