Latest news with #SeanFarrell
CTV News
26-05-2025
- Sport
- CTV News
Laval Rocket eliminate American, move on to Eastern Association final
Laval Rockets' Laurent Dauphin (27) celebrates his goal against the Cleveland Monsters with Sean Farrell (15), Alex Barre-Boulet (12), and William Trudeau (84) during third period AHL playoff hockey action, in Laval, Que., on Tuesday, May 6, 2025. (Christopher Katsarov/The Canadian Press) Sean Farrell and Joshua Roy each collected a goal and two assists, guiding the Laval Rocket to a 5-0 victory over the Rochester Americans in the final game of the Northern Section finals on Sunday night at Place Bell. On Oliver Kapanen's wings, Farrell and Roy were very threatening with the puck and proved head coach Pascal Vincent right in making changes to the lineup. The arrival of Brandon Gignac on the Laurent Dauphin and Alex Barré-Boulet trio also energized the three players, who had been quieter during Friday's 5-1 defeat. The result: the Rocket won the series 3-2 and joined the Charlotte Checkers in the Eastern Association final. The first game will take place on Wednesday night in Laval. Lucas Condotta, Barré-Boulet and Kapanen also found the back of the net for the Montreal Canadiens' training club, which is in the AHL's final four for the first time since 2022. After surrendering his net to Jacob Fowler in the fourth game of the series, Cayden Primeau showed why he is such a dependable goaltender under pressure. He recorded a 27-save shutout. Xavier Simoneau, who was injured in the first game of the series, returned to action and made a big impact despite his small stature. He earned an assist and was very vocal towards the Americans' players. Goalkeeper Devon Levi had an easier time of it in the last game, but he faced a lot more congestion in front of him on Sunday. He conceded five times on 33 shots. Virtually perfect game This was a final game, and you could feel it in the intensity of the opening minutes. Both teams orchestrated some fine attacking moves, but the goalkeepers stood firm. The Rocket got the first chance on the power play, but the execution was not there. On the second, however, they managed to open the scoring. After Josh Dunne had smashed his stick on the face-off, Roy fired a shot straight at the post to Levi's right. Farrell picked up the disc and passed it to Barré-Boulet, who hit the target with a powerful finish. Lavallois took advantage of the momentum to continue their attacks and doubled their lead less than four minutes later. Zack Hayes picked up the puck at the opposition's blue line and simply directed it into the net. Farrell made a fine deflection that just foiled Levi under the arm. Barely out of the dressing room to start the second period, Pascal Vincent's team dealt their opponents a heavy blow in the 24th second. The build-up play wasn't exemplary, but Simoneau managed to connect with Condotta in the enclave, and the captain caught Levi between the pipes. The crowd celebrated again a few minutes later when Gignac beat Levi. However, the referees disallowed the goal because they judged that Dauphin had made contact with the Americans' goalkeeper. The visitors then had a chance to seize the momentum, but Primeau made a fine save from Konsta Helenius on a breakaway. The Rocket found the best way to keep it, ending the engagement with another powerplay goal. Roy accepted Farrell's cross-ice pass and took advantage of Dauphin's screen to thread the ball home. Shaken, the Americans were unable to find a way past Primeau in the final third. Kapanen even put the final nail in the coffin midway through the period, after a second Roy effort. Laval closed the books with ease and confirmed Primeau's shutout. This report by the Canadian Press was first published in French on May 25, 2025.
Yahoo
22-05-2025
- Business
- Yahoo
Why The Stablecoin Bill Passing Could Push Bitcoin to $175,000
Congress may finally be prepared to pass groundbreaking legislation on stablecoins after clearing a key hurdle on Monday. The so-called GENIUS Act cleared the 60 votes necessary to advance to a full vote by a tally of 66 to 32. The bill's co-sponsors are feeling confident the bill will now head towards a final vote in the Senate as soon next week. According to crypto analysts, including Fundstrat's Sean Farrell, that could spark another massive Bitcoin rally. Farrell says Republicans and Democrats coming together to pass the GENIUS Act could be a bellwether of pro-crypto bipartisanship taking a massive step forward. 'Whether there's a cause and effect here, I think narrative-wise, it certainly increases the likelihood of some material [Bitcoin Reserve legislation] getting across the finish line,' he said. 'I think speculation around [a U.S. strategic Bitcoin reserve] is one element that could take us up to that $175,000 Bitcoin target." Right now, Polymarket odds have the likelihood of a U.S. Bitcoin reserve passing this year at about a coin flip. Of course, there has been much debate from crypto advocacy groups around the best path to continue building momentum among both parties. One line of thinking, previously championed by Coinbase's Brian Armstrong, was to group the stablecoin push into a larger, more cohesive market infrastructure bill. Many pushed back on that after witnessing how difficult even a more mild stablecoin bill has become. The bill failed in its first cloture vote earlier this month 48-49 after losing more than a few Democrats in the process following President Trump's own crypto endeavors with his memecoin and new stablecoin issued via World Liberty Financial. Even pro-crypto advocates, like former Massachusetts candidate for Senate John Deaton, criticized Trump's personal crypto projects coming at the worst possible time. 'Crypto is going to be back to Republican versus Democrat, and that's the last thing we want is technology to become such a partisan issue,' Deaton told Coinage ahead of the vote. 'Let's just not do that and let's move forward with what's in the best interest of America.' Key Democrats, including the bill's original co-sponsor Sen. Kirsten Gillibrand signed back on after additional provisions were added around consumer protections and limits on tech companies issuing stablecoins. A final vote is expected before the Senate breaks for Memorial Day recess. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Bitcoin surges to new record above $109,500
Bitcoin (BTC-USD) hit an intraday high above $109,500 on Wednesday, driven by bullish momentum and a strengthening regulatory outlook for crypto. At around 5:30 p.m. ET, the token was trading north of $108,000 even after bond yields rose and the broader market slid. The token has jumped more than 40% since falling to around $76,000 in early April as the broader market rebounded after President Trump partially rolled back his tariff policy. "I think the market is now in default buy the dip mode, whereas a couple of months ago, the market was certainly in sell the rip mode," Sean Farrell, head of digital asset strategy at Fundstrat, said in a client note on Monday. Bitcoin's record comes on the heels of a key procedural victory in the Senate on Monday night for a bill to regulate stablecoins — cryptocurrencies tied to assets like the US dollar. The measure could face a final vote as early as this week. "The stablecoin bill is important because it serves as a good barometer for broader legislative progress in crypto," Farrell noted, adding that its passage could increase the odds of additional legislation covering altcoins and even the formation of a strategic bitcoin reserve. Bitcoin has rallied since President Trump won the White House and put in place key figures to forge ahead with a token-friendly framework, a promise on which he campaigned. One of those moves included placing cryptocurrency advocate Paul Atkins as SEC chair following Gary Gensler's departure in January. "All of a sudden, an industry that was hated for four years has an SEC chair who is pro-crypto," Mike Novogratz, CEO of Galaxy Digital Holdings, a cryptocurrency investment firm, told Yahoo Finance last week. "They're embracing us instead of chasing and prosecuting us. Now we're getting legislation — it's a huge tailwind for the industry." Adding to the momentum, Coinbase (COIN) on Monday became the first and only cryptocurrency exchange to join the benchmark S&P 500 (^GSPC) index — a symbolic milestone for the industry. In another sign of crypto's growing institutional foothold, corporations are increasingly adding bitcoin to their balance sheets, following the lead of Strategy (formerly MicroStrategy) (MSTR), the largest corporate holder of bitcoin. "Globally, ~80 corporates have adopted the 'Bitcoin Standard,' adding BTC to their treasuries and now holding approximately 3.4% of total supply," Bernstein analyst Gautam Chhugani wrote in a recent note. That amounts to roughly 720,000 tokens — up 160% from the 270,000 held at the end of 2023. Bernstein forecasts bitcoin will reach $200,000 by year-end. Ines Ferre is a Senior Business Reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Bitcoin surges to new record above $109,500
Bitcoin (BTC-USD) hit an intraday high above $109,500 on Wednesday, driven by bullish momentum and a strengthening regulatory outlook for crypto. At around 5:30 p.m. ET, the token was trading north of $108,000 even after bond yields rose and the broader market slid. The token has jumped more than 40% since falling to around $76,000 in early April as the broader market rebounded after President Trump partially rolled back his tariff policy. "I think the market is now in default buy the dip mode, whereas a couple of months ago, the market was certainly in sell the rip mode," Sean Farrell, head of digital asset strategy at Fundstrat, said in a client note on Monday. Bitcoin's record comes on the heels of a key procedural victory in the Senate on Monday night for a bill to regulate stablecoins — cryptocurrencies tied to assets like the US dollar. The measure could face a final vote as early as this week. "The stablecoin bill is important because it serves as a good barometer for broader legislative progress in crypto," Farrell noted, adding that its passage could increase the odds of additional legislation covering altcoins and even the formation of a strategic bitcoin reserve. Bitcoin has rallied since President Trump won the White House and put in place key figures to forge ahead with a token-friendly framework, a promise on which he campaigned. One of those moves included placing cryptocurrency advocate Paul Atkins as SEC chair following Gary Gensler's departure in January. "All of a sudden, an industry that was hated for four years has an SEC chair who is pro-crypto," Mike Novogratz, CEO of Galaxy Digital Holdings, a cryptocurrency investment firm, told Yahoo Finance last week. "They're embracing us instead of chasing and prosecuting us. Now we're getting legislation — it's a huge tailwind for the industry." Adding to the momentum, Coinbase (COIN) on Monday became the first and only cryptocurrency exchange to join the benchmark S&P 500 (^GSPC) index — a symbolic milestone for the industry. In another sign of crypto's growing institutional foothold, corporations are increasingly adding bitcoin to their balance sheets, following the lead of Strategy (formerly MicroStrategy) (MSTR), the largest corporate holder of bitcoin. "Globally, ~80 corporates have adopted the 'Bitcoin Standard,' adding BTC to their treasuries and now holding approximately 3.4% of total supply," Bernstein analyst Gautam Chhugani wrote in a recent note. That amounts to roughly 720,000 tokens — up 160% from the 270,000 held at the end of 2023. Bernstein forecasts bitcoin will reach $200,000 by year-end. Ines Ferre is a Senior Business Reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Bitcoin surges to new record above $109,500
Bitcoin (BTC-USD) hit an intraday high above $109,500 on Wednesday, driven by bullish momentum and a strengthening regulatory outlook for crypto. At around 5:30 p.m. ET, the token was trading north of $108,000 even after bond yields rose and the broader market slid. The token has jumped more than 40% since falling to around $76,000 in early April as the broader market rebounded after President Trump partially rolled back his tariff policy. "I think the market is now in default buy the dip mode, whereas a couple of months ago, the market was certainly in sell the rip mode," Sean Farrell, head of digital asset strategy at Fundstrat, said in a client note on Monday. Bitcoin's record comes on the heels of a key procedural victory in the Senate on Monday night for a bill to regulate stablecoins — cryptocurrencies tied to assets like the US dollar. The measure could face a final vote as early as this week. "The stablecoin bill is important because it serves as a good barometer for broader legislative progress in crypto," Farrell noted, adding that its passage could increase the odds of additional legislation covering altcoins and even the formation of a strategic bitcoin reserve. Bitcoin has rallied since President Trump won the White House and put in place key figures to forge ahead with a token-friendly framework, a promise on which he campaigned. One of those moves included placing cryptocurrency advocate Paul Atkins as SEC chair following Gary Gensler's departure in January. "All of a sudden, an industry that was hated for four years has an SEC chair who is pro-crypto," Mike Novogratz, CEO of Galaxy Digital Holdings, a cryptocurrency investment firm, told Yahoo Finance last week. "They're embracing us instead of chasing and prosecuting us. Now we're getting legislation — it's a huge tailwind for the industry." Adding to the momentum, Coinbase (COIN) on Monday became the first and only cryptocurrency exchange to join the benchmark S&P 500 (^GSPC) index — a symbolic milestone for the industry. In another sign of crypto's growing institutional foothold, corporations are increasingly adding bitcoin to their balance sheets, following the lead of Strategy (formerly MicroStrategy) (MSTR), the largest corporate holder of bitcoin. "Globally, ~80 corporates have adopted the 'Bitcoin Standard,' adding BTC to their treasuries and now holding approximately 3.4% of total supply," Bernstein analyst Gautam Chhugani wrote in a recent note. That amounts to roughly 720,000 tokens — up 160% from the 270,000 held at the end of 2023. Bernstein forecasts bitcoin will reach $200,000 by year-end. Ines Ferre is a Senior Business Reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
