Ether (ETH) has been on a big run of late, but it’s just getting started, according to Standard Chartered’s Geoff Kendrick. Citing surging institutional demand, favorable regulation, and network upgrades, Kendrick lifted his year-end price target for ETH to $7,500 from $4,000 and his end-2028 target to $25,000 from $7,500. Up more than 50% over … Read more
Major Web3 investor Animoca Brands has formed a stablecoin joint venture (JV) with the Hong Kong division of multinational bank Standard Chartered (2888). The JV, known as Anchorpoint, also includes Hong Kong Telecom (HKT) and aims to build a business model for the issuance of licensed stablecoins, according to an emailed announcement on Friday. Anchorpoint … Read more
Companies that are buying ether (ETH) for their treasury strategy are a better buy for investors than ETH spot exchange-traded funds (ETFs), said Standard Chartered analyst Geoff Kendrick. The analyst noted that these firms are attracting attention not just for their holdings but also for their financial structure, which is starting to become attractive for … Read more
Apple is expected to launch the iPhone 17 series in September, and rumours surrounding the new lineup have been circulating for a while. A new investor note by Jefferies analyst Edison Lee provides insight into the pricing of the iPhone 17 family. Apple is reportedly considering price hikes for its new lineup. The Cupertino technology … Read more
Samsung Galaxy S26 series is widely expected to launch early next year with upgrades over the Galaxy S25 family. Previous rumours have suggested that the upcoming lineup would include the Galaxy S26, Galaxy S26 Edge, and Galaxy S26 Ultra models, ditching the Plus variant. However, a new report based on an internal One UI 8 … Read more
JellyC, a digital asset investment manager with over $100 million in assets under management, said it joined a program with crypto exchange OKX and international bank Standard Chartered (STAN) that will allow it to trade cryptocurrencies while keeping its collateral secure off-platform. The Australian company said it will use a Franklin Templeton tokenized money market … Read more
The US Securities and Exchange Commission is likely to allow exchange-traded funds to hold the cryptocurrency Ethereum in May, Standard Chartered predicts. May 23 is the last date by which the agency must consider ETF applications from VanEck and Ark 21Shares, the bank said in a research report Tuesday. The asset managers will be the … Read more
The stablecoin market could start reshaping traditional finance if it grows to about $750 billion, according to Geoff Kendrick, Standard Chartered’s head of digital assets research. Kendrick, writing in a note Tuesday after a week-long trip through Washington, New York and Boston, said there’s a growing consensus among crypto industry players, fund managers and policymakers … Read more
Cryptocurrency-friendly lender Standard Chartered is claiming bragging rights of being the first global bank to offer spot trading in bitcoin and ether (ETH) to institutional clients. The offering, rolled out through the bank’s UK branches, is available initially via our U.K. entity, during Asia and Europe trading hours, with 24/5 access under consideration as client … Read more
As the crypto sector undergoes regulatory shifts worldwide, banks are increasingly exploring opportunities to offer services related to virtual digital assets (VDAs). In a recent development, London-based Standard Chartered has launched a digital asset custody service in the UAE. This service will provide secure custody for cryptocurrencies to its UAE-based clients, starting with Bitcoin and … Read more