According to the source, Cantor Fitzgerald reduced its price target on MicroStrategy (MSTR) by 59% while maintaining a long-term bullish stance on the Bitcoin-exposed company, as disclosed in a new research note. Source: Cantor Fitzgerald research note. The move is trading-relevant for crypto-equity correlation plays because MicroStrategy’s equity performance is closely tied to BTC through its treasury strategy of holding Bitcoin. Source: MicroStrategy investor relations.

According to the source, The Benchmark Company remains bullish on the company’s strategy even as the stock dropped sharply on the possibility that it may sell Bitcoin (BTC), highlighting a divergence between analyst outlook and near-term price action, source: the source. The source adds that the selloff was tied to the prospect of BTC disposals, a headline that can drive short-term volatility and risk premiums across crypto-exposed equities, source: the source. For traders, monitor any official disclosures about Bitcoin sales and related wallet or treasury movements referenced by the source to gauge potential supply impacts on BTC and beta in crypto-linked stocks, source: the source.

According to @CNBC, Bank of America is sticking with its support for DraftKings and Flutter as competition in prediction markets ramps up, highlighting continued backing for these listed sportsbooks (source: CNBC). CNBC reports that the bank continues to back DKNG and FLUT despite rising competitive pressures in prediction markets, signaling ongoing support for major operators in the sector (source: CNBC). The report focuses on traditional operators and does not cite any crypto assets or on-chain prediction platforms (source: CNBC).