Tag: standard chartered

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Standard Chartered Predicts Bitcoin Could Hit All-Time High This Weekend

Standard Chartered’s head of digital asset research, Geoff Kendrick, has predicted a significant rise in bitcoin’s price, potentially surpassing its previous all-time high of $73,798 by this weekend. His optimistic outlook is fueled by the anticipated approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), which he believes will…
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Standard Chartered Now Expects SEC to Approve Spot Ethereum ETFs This Week

Standard Chartered Bank has revised its forecast and now expects the U.S. Securities and Exchange Commission (SEC) to approve spot ethereum exchange-traded funds (ETFs) this week, with the bank’s head of digital asset research expressing 80% to 90% confidence. He estimates potential inflows of $15 billion to $45 billion into ether within the first year…
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Standard Chartered: Second Trump Term Would Be ‘Broadly Positive’ for Crypto

Standard Chartered Bank predicts that a second term for the Trump administration would create a favorable regulatory landscape, leading to a positive outlook for the crypto sector. The bank has revised its forecast citing improved market sentiment after cautioning that bitcoin’s price could drop to the $50K range. Standard Chartered on Trump and Crypto Standard…
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Standard Chartered Warns Bitcoin Price Could Fall to $50K

Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk of liquidation for some spot exchange-traded fund (ETF) positions, emphasizing that over half of…
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Marathon Digital Chooses StanChart-Backed Zodia Custody as Crypto Custodian

Marathon Digital has selected Standard Chartered-backed digital asset custodian Zodia Custody to safeguard its crypto holdings. Zodia Custody will offer secure, institutional-grade custody solutions for Marathon’s crypto holdings located outside the United States, Monday’s announcement said. The need for secure and reliable storage of digital assets is driving crypto companies to seek out crypto custodians.…
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Standard Chartered Updates Prediction: Doubts SEC Will Approve Spot Ether ETFs in May

Standard Chartered, which was previously optimistic about the U.S. Securities and Exchange Commission (SEC) approving spot ether exchange-traded fund (ETF) applications in May, has now revised its prediction. The bank still sees a positive long-term future for spot ethereum ETFs. Standard Chartered on Spot Ether ETFs Standard Chartered, previously optimistic about a May approval for…
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Standard Chartered Reaffirms $150,000 Bitcoin Price Target By Year-End

Geoff Kendrick, head of digital assets research at Standard Chartered, recently reiterated the bank’s ambitious Bitcoin price target of $150,000 by the end of this year, despite current market volatility and geopolitical tensions. In a comprehensive interview with BNN Bloomberg, Kendrick highlighted the significant role of ETF inflows and upcoming halving events in driving Bitcoin’s…
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Standard Chartered Predicts Up To $45 Billion Inflows To Ethereum ETFs Within 1 Year

British multinational bank Standard Chartered expects Ethereum (ETH) to outperform Bitcoin (BTC) after spot ETFs for the former are approved by regulators in May of this year. In a Monday research note, the bank waxed extra bullish on both assets, upping its previous Bitcoin cycle top prediction from $150,000 to $250,000 in 2025. Ethereum could…
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Goldman Sachs, CBOE, Standard Chartered, and Others Complete Blockchain Interoperability Pilot on Canton Network

Goldman Sachs, the CBOE, Standard Chartered, and other financial institutions participated in the pilot of the Canton Network, a protocol aiming to achieve interoperability in apps using resources from various blockchains. Digital Asset, the company behind the pilot, stated that this test showed the opportunity to reduce costs, risk, and inefficiencies by using this kind…
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Standard Chartered Expects SEC to Approve Spot Ethereum ETFs in May, Pushing ETH to $4,000

Standard Chartered has predicted that the U.S. Securities and Exchange Commission (SEC) will likely approve a spot ethereum exchange-traded fund (ETF) in May. The banking giant’s analyst foresees the price of ether rising to $4,000 by the expected approval date. Standard Chartered’s Ethereum ETF Prediction Standard Chartered published a note on Tuesday detailing why it…
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