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Standard Chartered Bank reiterates that Ethereum is expected to reach $8,000 after expectations of ETF approval increase
Standard Chartered Bank’s head of crypto research also predicted that Bitcoin will hit new highs this weekend.
Standard Chartered Bank has once again confirmed its optimistic forecast for the price of Ethereum (ETH), predicting that Ethereum will reach $8,000 by the end of the year. This prediction comes after market expectations for the approval of an Ethereum exchange-traded fund (ETF) have increased significantly.
Geoffrey Kendrick, head of crypto research at Standard Chartered Bank, emphasized in a report shared with the media that recent market dynamics reflect increased investor confidence in the cryptocurrency market and a significant increase in market activity.
Standard Chartered Bank has once again confirmed its optimistic forecast for the price of Ethereum (ETH), predicting that Ethereum will reach $8,000 by the end of the year. This prediction comes after market expectations for the approval of an Ethereum exchange-traded fund (ETF) have increased significantly.
Geoffrey Kendrick, head of crypto research at Standard Chartered Bank, emphasized in a report shared with the media that recent market dynamics reflect increased investor confidence in the cryptocurrency market and a significant increase in market activity.
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UK's Standard Chartered Bank to join China's CBDC test
Standard Chartered Bank is headquartered in the United Kingdom and claims to be an international bank that has been rooted in the Chinese market for more than a century.
Standard Chartered Bank has announced its upcoming participation in China’s digital yuan (also known as digital yuan CBDC), with a pilot project set to begin on November 27.
The bank stated that it will provide customers with digital renminbi exchange, exchange and other services. In addition, the bank stated that it will access the digital currency interconnection platform through City Bank Clearing Services Co., Ltd.
Standard Chartered Bank said it is “optimistic” about the digital yuan and its potential use in international merchant payments, trade finance and supply chain finance.
Standard Chartered Bank has announced its upcoming participation in China’s digital yuan (also known as digital yuan CBDC), with a pilot project set to begin on November 27.
The bank stated that it will provide customers with digital renminbi exchange, exchange and other services. In addition, the bank stated that it will access the digital currency interconnection platform through City Bank Clearing Services Co., Ltd.
Standard Chartered Bank said it is “optimistic” about the digital yuan and its potential use in international merchant payments, trade finance and supply chain finance.
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Standard Chartered Bank maintains its $150,000 Bitcoin forecast, expects positive employment data to drive prices to new highs
Geoffrey Kendrick, head of cryptocurrency research at Standard Chartered Bank, is optimistic about the future trend of Bitcoin.
He predicted that if the employment data released on June 7 performs well, Bitcoin could hit a new all-time high this weekend and could potentially reach $80,000 by the end of June.
Kendrick's prediction is based on the current market situation where the price of Bitcoin is just over $71,000.
Political factors affecting Bitcoin
Kendrick also mentioned that the US election could be a key factor affecting the price of Bitcoin. He believes that if Trump wins the election, the price of Bitcoin could reach $150,000 by the end of the year.
He predicted that if the employment data released on June 7 performs well, Bitcoin could hit a new all-time high this weekend and could potentially reach $80,000 by the end of June.
Kendrick's prediction is based on the current market situation where the price of Bitcoin is just over $71,000.
Political factors affecting Bitcoin
Kendrick also mentioned that the US election could be a key factor affecting the price of Bitcoin. He believes that if Trump wins the election, the price of Bitcoin could reach $150,000 by the end of the year.
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Blockchain News | November 9th, Saturday
1. **Coinbase** Analyst: The macro environment is expected to be more favorable in the next 1-2 quarters.
2. **JPMorgan**: The Federal Reserve may end its balance sheet reduction in Q1 2025, not by the end of 2024.
3. **The three major U.S. stock indices** hit new highs again, BTC surpassed $77,000, continuing to set historic highs.
4. **Standard Chartered** Analyst: If the Republican Party controls Congress, the market value of crypto may triple.
5. **Tesla**'s intraday gains expanded to 8%, reaching a new high since April 2022.
#coinbase #摩根大通 #BTC☀ #渣打银行 #特斯拉
1. **Coinbase** Analyst: The macro environment is expected to be more favorable in the next 1-2 quarters.
2. **JPMorgan**: The Federal Reserve may end its balance sheet reduction in Q1 2025, not by the end of 2024.
3. **The three major U.S. stock indices** hit new highs again, BTC surpassed $77,000, continuing to set historic highs.
4. **Standard Chartered** Analyst: If the Republican Party controls Congress, the market value of crypto may triple.
5. **Tesla**'s intraday gains expanded to 8%, reaching a new high since April 2022.
#coinbase #摩根大通 #BTC☀ #渣打银行 #特斯拉
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Standard Chartered Bank: Bitcoin is becoming a 'financial hedge + tech stock' dual ace.
Recently, the traditional financial giant Standard Chartered Bank gave a striking evaluation of Bitcoin, stating that Bitcoin is evolving into a 'dual asset' that can hedge financial risks and rival tech stocks.
The bank's Head of Digital Asset Research, Geoffrey Kendrick, boldly suggested in the latest report to directly replace Tesla (TSLA) and include Bitcoin in the famous 'Tech Giants' index, which would increase the index's return rate.
Standard Chartered Bank's Bitcoin research report.
On March 24, a research report released by Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, pointed out that Bitcoin's performance highlights its increasingly important role in investment portfolios. He believes that Bitcoin can not only hedge the risks of traditional finance (TradFi) but can also be included as part of tech stocks.
The bank's Head of Digital Asset Research, Geoffrey Kendrick, boldly suggested in the latest report to directly replace Tesla (TSLA) and include Bitcoin in the famous 'Tech Giants' index, which would increase the index's return rate.
Standard Chartered Bank's Bitcoin research report.
On March 24, a research report released by Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, pointed out that Bitcoin's performance highlights its increasingly important role in investment portfolios. He believes that Bitcoin can not only hedge the risks of traditional finance (TradFi) but can also be included as part of tech stocks.
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Standard Chartered Bank Expects Ethereum ETF Approval on May 23
Standard Chartered’s Geoffrey Kendrick expects the SEC to approve a U.S. Ethereum ETF on May 23.
From initial rejection to approval, Standard Chartered expected similarities between the Ethereum ETF and the SEC’s approach to the Bitcoin ETF.
Geoffrey Kendrick, the bank’s head of foreign exchange and digital asset research, believes a U.S. Ethereum ETF will be approved by the end of May. Kendrick compared the situation to that of the Bitcoin ETF and suggested that the price of Ethereum ( ETH ) could hit $4,000 by then due to the hype.
Kendrick’s confidence comes from the fact that the SEC did not treat ether as a security in its legal action. Ethereum is already traded as futures on the Chicago Mercantile Exchange.
From initial rejection to approval, Standard Chartered expected similarities between the Ethereum ETF and the SEC’s approach to the Bitcoin ETF.
Geoffrey Kendrick, the bank’s head of foreign exchange and digital asset research, believes a U.S. Ethereum ETF will be approved by the end of May. Kendrick compared the situation to that of the Bitcoin ETF and suggested that the price of Ethereum ( ETH ) could hit $4,000 by then due to the hype.
Kendrick’s confidence comes from the fact that the SEC did not treat ether as a security in its legal action. Ethereum is already traded as futures on the Chicago Mercantile Exchange.
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Standard Chartered Bank predicts Bitcoin will reach $200,000 by 2025
The future of Bitcoin looks bright, with Standard Chartered predicting the price will rise to $200,000 by 2025, driven by ETFs and supply factors.
Geoff Kendrick, head of FX research at Standard Chartered Bank, has made a bold prediction about the future of Bitcoin. In his latest report released on Monday, Kendrick predicted that the U.S. Securities and Exchange Commission will decide to approve the first Bitcoin spot ETF. Approval of a Bitcoin spot exchange-traded fund (ETF) could push the leading cryptocurrency to unprecedented heights, possibly reaching $200,000 by the end of 2025.
Geoff Kendrick, head of FX research at Standard Chartered Bank, has made a bold prediction about the future of Bitcoin. In his latest report released on Monday, Kendrick predicted that the U.S. Securities and Exchange Commission will decide to approve the first Bitcoin spot ETF. Approval of a Bitcoin spot exchange-traded fund (ETF) could push the leading cryptocurrency to unprecedented heights, possibly reaching $200,000 by the end of 2025.
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Standard Chartered Bank subsidiary enters cryptocurrency market to expand its over-the-counter (OTC) services
Standard Chartered Bank subsidiary Zodia Markets Ltd. is currently in acquisition talks with Elwood Capital Management Ltd., a crypto asset company backed by billionaire hedge fund manager Alan Howard. It is reported that Zodia Markets plans to acquire a portion of Elwood Capital's shares, and the transaction is expected to be completed within this month.
Bloomberg reported on July 9 that Elwood Capital, a company that provides over-the-counter (OTC) cryptocurrency trading and settlement services, will bring strategic expansion to Zodia Markets.
The acquisition has the strong support of Alan Howard, a major influential figure in the financial world, whose involvement may add new development opportunities to Zodia Markets' development in the cryptocurrency market.
Bloomberg reported on July 9 that Elwood Capital, a company that provides over-the-counter (OTC) cryptocurrency trading and settlement services, will bring strategic expansion to Zodia Markets.
The acquisition has the strong support of Alan Howard, a major influential figure in the financial world, whose involvement may add new development opportunities to Zodia Markets' development in the cryptocurrency market.
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💼Standard Chartered Bank establishes a physical presence in Luxembourg, entering the EU cryptocurrency custody sector
Standard Chartered Bank has recently set up a new entity in Luxembourg, specifically responsible for cryptocurrency custody services in the EU, marking a key step in their provision of custody services for crypto and digital assets to EU clients.
The initial focus of this entity will be on Bitcoin (BTC) and Ethereum (ETH), with plans to expand services to other assets later in 2025.
Why choose Luxembourg? The main reason is that Luxembourg's regulatory and financial environment is well-balanced, adequately meeting the needs of EU clients for Bitcoin custody services.
Before starting operations in Luxembourg, Standard Chartered Bank launched Bitcoin and Ethereum custody services in the United Arab Emirates (UAE) and collaborated with Brevan Howard Digital. These actions are part of its global strategy aimed at expanding digital asset products following the implementation of the MiCA regulation.
According to the MiCA regulation, cryptocurrency exchanges recognized as Crypto Asset Service Providers (CASP) must adhere to a very strict framework to operate in the EU. They must first obtain authorization from national regulatory authorities, meet financial stability benchmarks, and ensure operational transparency.
Simultaneously, these exchanges are required to implement robust consumer protection measures, including clear service terms, transparent fee disclosures, and strong security systems to safeguard user funds and data. They also need to maintain operational transparency by reporting trading volumes, disclosing conflicts of interest, and keeping detailed trading records.
Additionally, the anti-money laundering (AML) provisions of MiCA require exchanges to execute “know your customer (KYC)” processes and monitor suspicious transactions, retaining data to assist relevant authorities in investigations.
However, meeting these standards can be challenging, necessitating advanced compliance technology and significant resource investment. Smaller exchanges, in particular, face immense pressure in meeting financial stability requirements and navigating complex compliance infrastructures.
💬 What do you think of Standard Chartered Bank's move? Does it mean that cryptocurrency custody services will become increasingly regulated and widespread in the EU? Feel free to leave your thoughts in the comments section!
#渣打银行 #加密货币托管 #欧盟 #数字资产
Standard Chartered Bank has recently set up a new entity in Luxembourg, specifically responsible for cryptocurrency custody services in the EU, marking a key step in their provision of custody services for crypto and digital assets to EU clients.
The initial focus of this entity will be on Bitcoin (BTC) and Ethereum (ETH), with plans to expand services to other assets later in 2025.
Why choose Luxembourg? The main reason is that Luxembourg's regulatory and financial environment is well-balanced, adequately meeting the needs of EU clients for Bitcoin custody services.
Before starting operations in Luxembourg, Standard Chartered Bank launched Bitcoin and Ethereum custody services in the United Arab Emirates (UAE) and collaborated with Brevan Howard Digital. These actions are part of its global strategy aimed at expanding digital asset products following the implementation of the MiCA regulation.
According to the MiCA regulation, cryptocurrency exchanges recognized as Crypto Asset Service Providers (CASP) must adhere to a very strict framework to operate in the EU. They must first obtain authorization from national regulatory authorities, meet financial stability benchmarks, and ensure operational transparency.
Simultaneously, these exchanges are required to implement robust consumer protection measures, including clear service terms, transparent fee disclosures, and strong security systems to safeguard user funds and data. They also need to maintain operational transparency by reporting trading volumes, disclosing conflicts of interest, and keeping detailed trading records.
Additionally, the anti-money laundering (AML) provisions of MiCA require exchanges to execute “know your customer (KYC)” processes and monitor suspicious transactions, retaining data to assist relevant authorities in investigations.
However, meeting these standards can be challenging, necessitating advanced compliance technology and significant resource investment. Smaller exchanges, in particular, face immense pressure in meeting financial stability requirements and navigating complex compliance infrastructures.
💬 What do you think of Standard Chartered Bank's move? Does it mean that cryptocurrency custody services will become increasingly regulated and widespread in the EU? Feel free to leave your thoughts in the comments section!
#渣打银行 #加密货币托管 #欧盟 #数字资产
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