Dan Ives’ departure from Wedbush marks a notable shift in the tech‑finance landscape. The analyst has built a reputation for spotting disruptive technology trends, and his new venture aims to act as a “modern merchant bank” – a hybrid model that could combine traditional deal‑making with the flexibility of digital assets. For retail crypto enthusiasts
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CNBC · 2026-07-01 15:03 UTC · Summary by Aunhelloworld
Key takeaways
- Dan Ives, a well‑known tech analyst, is leaving Wedbush to launch a “modern merchant bank” that could blend traditional finance with new digital assets.
- The move comes as Bitcoin and Ethereum are both up roughly 2.8 % in the last 24 hours, suggesting a modest rebound amid an overall “extreme fear” market mood.
- A new merchant‑bank model may open fresh avenues for institutional capital to flow into crypto projects, potentially easing the current outflow wave seen in USDC and Bitcoin.
- Retail investors should watch for any partnership announcements or token‑backed financing that the new firm might pursue, as these could influence project valuations and liquidity.
- The timing of Ives’ exit coincides with heightened speculation on Fed policy and market volatility, so any shift in institutional appetite could ripple through the broader crypto ecosystem.
Market context (crypto.bagg.uk)
| Pair | Price (USDT) | 24h |
|---|---|---|
| BTC/USDT | $60261.78000000 | 2.8217% |
| ETH/USDT | $1621.52000000 | 2.8687% |
Original editorial by Aunhelloworld — based on the headline and excerpt plus live market data from crypto.bagg.uk. Not financial advice. Verify facts at the source.