Search results for Mizuho Securities
Crypto
Mizuho says Bitcoin rebound is different this time, driven by spot and ETF demand
A recent Bitcoin-led rebound in the cryptocurrency market could be structurally more stable than past bull runs, an analysis said. Mizuho Securities analyst Dan Dolev said the move is supported by spot buying and inflows into exchange-traded funds, not rising leverage. Open interest remains depressed, while U.S. spot Bitcoin ETFs drew about $1.9 billion in a week led by BlackRock\'s IBIT. Retail participation is still unclear, with exchange volumes weak.
Crypto
Circle ahead of Coinbase renegotiation; Japan\'s Mizuho Securities warns on USDC profit model
Mizuho Securities in Japan cut its investment rating on USDC issuer Circle to underperform from neutral, warning that competition could intensify and USDC could become more commoditised if a U.S. Clarity bill passes. It flagged OpenUSD as a key threat and said Coinbase could gain leverage in the next revenue-sharing talks with Circle. Mizuho also cited potential limits on yield-like returns, entry by major banks and longer-term pressure on net profit margins.
Finance
Mirae Asset Securities secures 4,751 billion won worth of SpaceX IPO allocation
Mirae Asset Securities secured about 4,751 billion won worth of shares in SpaceX\'s initial public offering, after joining the underwriting syndicate. SpaceX filings show the firm was allocated 2,314,815 of the 555,555,555 Class A common shares being sold. With an offer price of $135 per share, the allocation amounts to about $312.5 million. SpaceX plans to raise $75 billion in the IPO.
