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Will Canny

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Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He's now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.

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Polygon co-founder Sandeep Nailwal in an ad at Istanbul's airport (Amitoj Singh/CoinDesk)
Finance
Polygon
Bernstein Says Polygon Blockchain Is the Web3 King
The project has hired staff from large global tech companies and is being used by many big brands such as Starbucks and Instagram, a note from the Wall Street firm said.
Polygon co-founder Sandeep Nailwal in an ad at Istanbul's airport (Amitoj Singh/CoinDesk)
By Will Canny
Nov 7, 2022 at 10:43 a.m. UTC
Nov 7, 2022
PolygonWeb3AnalysisBernstein
Ethereum's switch to proof-of-stake could spark an era of deflation. (Getty Images)
Markets
Ether
Citi Says Ether May Be Moving Toward a Deflationary Future
The cryptocurrency's volatility dropped to historic lows following the success of the Merge upgrade, the bank said.
Ethereum's switch to proof-of-stake could spark an era of deflation. (Getty Images)
By Will Canny
Nov 2, 2022 at 9:05 a.m. UTC
Nov 2, 2022
EtherVolatilityAnalysisThe Merge
Galaxy Digital CEO Mike Novogratz (Suzanne Cordiero/Shutterstock/CoinDesk)
Finance
Galaxy digital
Crypto Finance Firm Galaxy Digital to Cut One-Fifth of Workforce: Sources
The company's shares have fallen 80% in the past year.
Galaxy Digital CEO Mike Novogratz (Suzanne Cordiero/Shutterstock/CoinDesk)
By Will CannyIan Allison
Nov 1, 2022 at 2:16 p.m. UTC
Nov 1, 2022
Galaxy DigitalJobsExclusiveLayoffCrypto Winter
Ether's tokenomics would turn favorable on just a small economic recovery. (Pixabay)
Markets
Ether
Bernstein: Small Economic Recovery Would Make Ether's Tokenomics Favorable
ETH could reach 4% deflation at peak user activity, a report from Bernstein said.
Ether's tokenomics would turn favorable on just a small economic recovery. (Pixabay)
By Will Canny
Nov 1, 2022 at 11:11 a.m. UTC
Nov 1, 2022
EtherEthereumtokenomicsAnalysisBernstein
(Davie Bicker/Pixabay)
Markets
Markets
Morgan Stanley Says Record Number of Bitcoin Have Not Been Used for 6 Months
Bitcoin has traded in the narrowest range since late 2020, suggesting investors are holding on for higher prices, the report said.
(Davie Bicker/Pixabay)
By Will Canny
Oct 28, 2022 at 10:16 a.m. UTC
Oct 28, 2022
MarketsAnalysisBitcoinHODLers
(Shutterstock)
Finance
Reddit
Coinbase Says Reddit’s Success Highlights the Potential for NFTs
The platform's non-fungible-tokens are booming despite the bear market, the report said.
(Shutterstock)
By Will Canny
Oct 27, 2022 at 11:56 a.m. UTC
Oct 27, 2022
redditNFTsAnalysis
(Solen Feyissa/Unsplash)
Markets
Analysis
Meta Downgraded by BofA to Neutral From Buy Partly on Metaverse Concerns
Investment in the metaverse will remain an overhang on the stock, the report said.
(Solen Feyissa/Unsplash)
By Will Canny
Oct 24, 2022 at 3:34 p.m. UTC
Oct 24, 2022
AnalysisStocksMetaFacebook
(ktsdesign/Shutterstock)
Finance
Analysis
Coinbase Says It’s Wary of Suggested Changes to ATOM’s Monetary Policy
Very little of the revenue generated by Cosmos’ ecosystem has historically accrued to holders of its ATOM token, the report said.
(ktsdesign/Shutterstock)
By Will Canny
Oct 24, 2022 at 11:29 a.m. UTC
Oct 24, 2022
AnalysisCosmosWhite Paper
Crypto winter (Timothy Eberly/Unsplash)
Markets
Bernstein
Bernstein Still Sees Institutional Adoption Despite Crypto Winter
Some large asset managers are continuing with their digital-assets strategies, a report from the brokerage firm said.
Crypto winter (Timothy Eberly/Unsplash)
By Will Canny
Oct 20, 2022 at 11:07 a.m. UTC
Oct 20, 2022
Bernsteinmarket analysisResearchCrypto Winter
Ether becomes deflationary for the first time since the Ethereum blockchain's software upgrade dubbed the "Merge." (SB7/Shutterstock)
Markets
Ethereum
Ether Becomes Deflationary for First Time Since the Merge: Coinbase
The number of tokens fell by 4,000 over the last week as more ether was burned verifying transactions than was created, the report said.
Ether becomes deflationary for the first time since the Ethereum blockchain's software upgrade dubbed the "Merge." (SB7/Shutterstock)
By Will Canny
Oct 13, 2022 at 10:35 a.m. UTC
Oct 13, 2022
EthereumThe MergeEtherCoinbase