Wall Street continues adapting to crypto's rise.

Binance Founder Denies Trump Pardon Talks: The WSJ reported that Binance's ex-CEO Changpeng Zhao sought a pardon from Trump. Zhao denied it, calling the article an attack on crypto.

Coinbase Expands to India: Coinbase registered with India’s Financial Intelligence Unit, planning retail services and investments in compliance with local regulations. Meanwhile, Mizuho cut Coinbase’s price target to $217, citing Bitcoin’s price drop and increased competition.

Bit Digital's Shift: Bit Digital earned $108.1M in FY24, with Bitcoin mining revenue rising 32% YoY. However, its focus is shifting toward AI computing and colocation services.

Bitcoin Miner Updates: JPMorgan downgraded Cipher Mining (CIFR) and cut targets for MARA, CLSK, and RIOT but upgraded IREN, calling it undervalued with 70% upside potential.

Hive Digital Target Lowered: Cantor Fitzgerald cut Hive’s price target to $8, citing lower Bitcoin mining output but sees long-term potential in AI Cloud growth.