Mizuho
Coverage of Mizuho in the Nexus archive.
- Coinbase and Robinhood are locked in a heated battle ahead of Q2 earnings—but only one is being called the industry’s ‘first hyperscaler’
Coinbase and Robinhood are competing ahead of their Q2 earnings reports, with Robinhood positioned as the industry’s potential 'first hyperscaler' due to momentum in sectors like prediction markets and tokenized finance. Coinbase faces challenges from its underperforming blockchain strategy and declining non-trading revenue, while Robinhood’s higher market cap suggests investor confidence in its growth potential.
- Clarity Act’s impact on Circle could be negative over the long term, Mizuho says
Mizuho suggests the Clarity Act could have a negative long-term impact on Circle. The Clarity Act is advancing toward becoming law as Republicans released updated legislation text.
- Wall Street turns cautious on Circle as analysts warn USDC economics face mounting pressure
Mizuho downgraded Circle's stock and JPMorgan lowered its earnings estimates for the company, citing concerns over pressure on USDC's economics. Wall Street analysts have become cautious about Circle's financial outlook due to these developments.
- Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat
Mizuho downgraded Circle's stock to 'underperform' and reduced its price target to $50 due to the threat posed by Open USD. The move reflects concerns about Circle's financial outlook in response to the new stablecoin initiative.
- Mizuho says Circle bank approval doesn't solve USDC growth, stablecoin competition risks
Mizuho notes that Circle's bank approval does not address USDC's growth challenges or risks from stablecoin competition.
- Yen Isn't Behaving Like a G10 Currency, Mizuho Says
Mizuho notes that the yen is not behaving like a G10 currency. The analysis highlights unexpected performance relative to other major currencies.
- Nissan shareholders vote out director who backed merger with Honda
Nissan shareholders rejected the reappointment of director Motoo Nagai, who supported a merger with Honda. The decision followed Renault's abstention from voting on the matter.
- Wall Street analysts increasingly value crypto firms as infrastructure, AI and capital markets platforms
Wall Street analysts are increasingly valuing crypto firms as infrastructure, AI and capital markets platforms, with buy ratings on several companies. Analysts at Benchmark, TD Cowen, and Mizuho hold positive views on Bitdeer, Strive, DeFi Technologies, and Gemini. This indicates a growing interest in the crypto industry.
- Japan to test government bonds as digital collateral on Canton
Japan's Japanese Securities Clearing Corporation will test using Japanese government bonds as digital collateral on the Canton network with Mizuho, Nomura, and Digital Asset. The initiative aims to explore blockchain-based financial infrastructure.
- Mizuho: Elon's X Money Could Rival PayPal but Faces CLARITY Act Obstacles
Mizuho warns that Elon Musk's X Money payments project could threaten PayPal by offering integrated P2P transfers, digital wallets, and 6% yield on balances. However, the CLARITY Act may restrict non-banks from providing unregulated deposit-like features, potentially delaying X's plans. SpaceX's IPO filing and crypto platforms offering preSPAX tokens further highlight the convergence of social media, payments, and finance.