ChainCatcher news, Standard Chartered's Head of Digital Asset Research Geoffrey Kendrick stated that Bitcoin is currently under pressure from macro risks, and any pullback below $90,000 represents a "mid-term" buying opportunity.In a research report dated January 14, Kendrick emphasized the value of strategic accumulation during ongoing market turbulence. He added that a drop in Bitcoin's price below key support levels could provide a favorable entry point, as the bank's long-term forecast for Bitcoin remains unchanged. Kendrick stated, "If we do break below (and potentially fall further below $80,000 after dropping below $90,000), I would view it as an excellent mid-term buying opportunity."Despite short-term risks, Standard Chartered still maintains its long-term price target of $200,000 for Bitcoin by the end of 2025, reaffirming its previous forecast. This prediction is supported by expectations of strong institutional inflows and favorable economic policies under the new U.S. administration.Meanwhile, Standard Chartered advises investors to adopt a cautious approach in the short term while monitoring strategic buying opportunities.

ChainCatcher news, according to Cointelegraph, Standard Chartered has obtained a Luxembourg license to launch digital asset custody services in the EU.

ChainCatcher 消息，据《财富》杂志报道，Tether 有望在今年年底实现超过 100 亿美元的净利润，“刺激”全球多家银行加入稳定币市场并从中分一杯羹，包括： 法国兴业银行旗下 Societe Generale-Forge 推出欧元支持的稳定币； Oddo BHF SCA 也在开发以欧元计价的稳定币； 伦敦 Revolut 正在考虑发行自己的稳定币； 德意志银行旗下 DWS 计划明年推出稳定币； BBVA 也计划进入稳定币市场，已与 Visa 合作推出供银行发行稳定币的代币化网络并将在 2025 年试点； 渣打银行和 Animoca Brands 及香港电讯已被香港金融管理局选为实验项目中首批发行港元稳定币的银行之一。

ChainCatcher news, according to Asset Servicing Times, Emirates NBD has invested in Zodia Custody, a crypto custody company under Standard Chartered, through its innovation fund (the bank's corporate venture fund).By investing in Zodia Custody, the bank aims to bridge the gap between traditional financial services in the UAE and institutional digital assets.

ChainCatcher news, Standard Chartered Bank announced that it will provide cash management, trading, and custody services for the stablecoins issued by Paxos outside the United States.It is reported that Paxos has issued the Lift Dollar (USDL) in Abu Dhabi, with a market capitalization of $54 million, and the Global Dollar (USDG) in Singapore, with a market capitalization of $29 million.John Collura of Standard Chartered Bank stated, "Our partnership with Paxos reflects Standard Chartered's commitment to trust and innovation in the future of digital finance. By providing robust cash management, trading, and custody services, we support the next generation of secure and regulated digital asset solutions in driving global adoption and economic inclusion."

ChainCatcher news, according to Bloomberg, large financial companies such as Standard Chartered Bank and Virtu Financial Inc. are preparing to join a new cryptocurrency derivatives trading platform in London.The trading platform Global Futures and Options Ltd. (referred to as GFO-X) announced on Monday that it has signed agreements with ABN Amro Clearing and market maker IMC, and it expects to launch in the first quarter of next year. GFO-X is supported by M&G Investments (the asset management division of pension giant M&G Plc).GFO-X will handle trading of Bitcoin index futures and options, initially planned to go live by the end of 2023, but it failed to launch on schedule due to two delays. The trading on GFO-X will be cleared by LCH SA, which is owned by the London Stock Exchange Group.

ChainCatcher news, according to Reuters, Standard Chartered's Global Head of Digital Asset Research Geoff Kendrick stated that Bitcoin's breakthrough of $100,000 is mainly attributed to the institutional development of the industry this year, particularly the continuous inflow of ETF funds, with institutional capital having purchased about 3% of the total Bitcoin supply in 2024.

ChainCatcher news, according to Jinshi reports, Standard Chartered Bank's Global Head of Digital Asset Research Geoff Kendrick stated in a report that this year's Bitcoin capital flows are primarily driven by institutional investors, and this trend is expected to continue. After breaking through $100,000, Bitcoin could reach $200,000 by the end of 2025.So far this year, institutions have purchased 683,000 Bitcoins through U.S. spot ETFs, with MicroStrategy acquiring 245,000 Bitcoins, a significant portion of which was bought after the U.S. presidential election.Kendrick stated, "By 2025, we expect institutional capital inflows to maintain or exceed the pace of 2024." Additionally, the proportion of Bitcoin ETFs currently held by pension funds is relatively small, but this is expected to increase in 2025 due to changes in U.S. regulatory policies.

ChainCatcher news, Standard Chartered Bank and Zodia Markets analysts predict that the adoption rate of stablecoins will significantly increase, potentially accounting for 10% of U.S. M2 transactions in the future.Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank, and Nick Philpott, Co-founder of Zodia Markets, stated in the report: "Currently, the scale of stablecoins is only equivalent to 1% of U.S. M2 transactions and 1% of foreign exchange transactions, but as the industry becomes legitimized, reaching 10% on every metric is feasible."The M2 money supply is a key indicator of the total money supply in an economy, including all currency in circulation and other assets that can be easily converted to cash.

ChainCatcher news, according to CryptoSlate, a report by Standard Chartered Bank indicates that stablecoins are shifting from their initial use in cryptocurrency exchanges to a broader application in global finance. Research shows that stablecoins are increasingly being used for purposes similar to traditional finance, such as dollar savings and trading, as well as facilitating cross-border payments.The report also notes that the market capitalization of stablecoins is currently $163 billion, which, while small compared to the overall financial market, still has significant growth potential.

ChainCatcher news, according to The Block, Standard Chartered's Global Head of Digital Assets Research, Geoff Kendrick, stated that the recent BTC pullback is mainly influenced by changes in the U.S. Treasury market. He explained that the decline in the term premium of U.S. Treasuries has boosted market confidence, which may temporarily weaken Bitcoin's appeal as a hedge.Nevertheless, Kendrick maintains his prediction that Bitcoin will reach $125,000 by the end of the year and expects it to hit $200,000 by the end of 2025. Notably, the upcoming options expiration this Friday is also putting short-term pressure on Bitcoin prices. Data shows that since the U.S. elections, spot Bitcoin ETFs have accumulated approximately 77,000 Bitcoins, while MicroStrategy has increased its holdings by 134,000 Bitcoins, with an average institutional purchase price of $88,700. Kendrick anticipates that this price level may serve as a short-term support, with Bitcoin consolidating in the range of $85,000 to $88,700 before continuing to rise.

ChainCatcher news, according to CoinDesk, Standard Chartered Bank stated in a research report that the significant victory of the Republican Party in the United States will enable the new government to implement proactive policies in the digital asset sector, which could inflate the total market value of cryptocurrencies to $10 trillion by the end of 2026.Standard Chartered Bank indicated that in the early days of the new Trump administration, the cryptocurrency market will face many favorable factors, including regulatory changes and adjustments in positions at the U.S. Securities and Exchange Commission (SEC). These factors may lead the government to adopt a more lenient stance towards digital assets. These positive developments could increase the total market value of cryptocurrencies from the current $2.5 trillion to $10 trillion by the end of 2026.

ChainCatcher news, Standard Chartered Bank's Global Head of Digital Asset Research Geoff Kendrick believes that many of Trump's commitments to support cryptocurrencies will drive up Bitcoin. He expects that Trump will overturn Biden's veto of SAB121, a controversial accounting guideline from the U.S. Securities and Exchange Commission (SEC), which critics say prevents investment banks from offering cryptocurrency custody services on a large scale.Geoff Kendrick believes that Trump will quickly achieve this goal after taking office on January 20 next year, and he thinks this move will encourage more institutions to adopt cryptocurrencies.

ChainCatcher news, an analyst from Standard Chartered, Geoff Kendrick, who predicted that Bitcoin would reach $80,000 before the U.S. presidential election, forecasts that Bitcoin will continue to rise until the end of this year, "easily reaching" $100,000 before the expiration of certain Bitcoin options on December 27."I predict that the Bitcoin price will reach $125,000 by the end of the year, which is the next level, although I note that many Trump-related trades peaked around the inauguration on January 20 after the 2016 election... Therefore, if Bitcoin does not reach $125,000 by December 31, I believe it will reach that by January 20," Kendrick, the bank's head of foreign exchange and digital asset research, said in an email last Sunday.Kendrick further predicts that given the recent gains in Ethereum and Solana, the rise in Bitcoin's price could "benefit all investors," with some tokens potentially outperforming Bitcoin.Kendrick wrote, "It seems inevitable that SOL will hit a new all-time high (the previous all-time high was $260 in November 2021) by the end of this year. ETH reaching a new all-time high (the previous high was $4,866 in November 2021) may have to wait until around the inauguration, but overall, we believe these assets will continue to rise, with SOL potentially performing the best." (The Block)

ChainCatcher news, according to The Block, based on the prediction of Standard Chartered analyst Geoff Kendrick, if the Republican Party successfully controls both houses of the U.S. Congress, the market capitalization of cryptocurrencies could reach $10 trillion by the end of 2026, a 300% increase from the current $2.7 trillion.Kendrick believes that a Republican-led government may bring friendly policies, such as easing regulations on stablecoins and adopting a more lenient stance at the U.S. Securities and Exchange Commission, which would be significant positives for Bitcoin reserves and more. Additionally, areas such as crypto gaming, tokenization, and decentralized IoT are expected to benefit from a more favorable policy environment.

ChainCatcher news, according to DL News, Standard Chartered's Global Head of Digital Asset Research Geoff Kendrick stated in a briefing on Wednesday that after Trump's victory, the price of Bitcoin will reach $125,000 by the end of this year and $200,000 by the end of 2025. This prediction aligns with estimates from research and brokerage firm Bernstein made earlier this month.Geoff Kendrick believes that many of Trump's commitments to support cryptocurrencies, such as firing SEC Chairman Gary Gensler, establishing a national strategic Bitcoin reserve, and reshaping the U.S. into a "Bitcoin superpower," will drive Bitcoin's rise. From Bitcoin options trading, Standard Chartered found that many investors are interested in a price around $80,000, indicating that this cryptocurrency is expected to reach that level "in the next week or two."

ChainCatcher news, according to Bloomberg, Zodia Custody, the cryptocurrency custody company of Standard Chartered Bank, CEO Julian Sawyer stated in an interview that the company is seeking to raise $50 million from investors to drive its plans to expand into new regions and broaden its product range.Sawyer added that although Zodia currently has the support of several wholesale financial firms, it now hopes to attract a wider variety of investors, including payment and tokenization companies; cryptocurrency-focused consulting firm Architect Partners is assisting with this effort that began last month.

ChainCatcher news, Jeff Kendrick, the global head of digital asset research at Standard Chartered Bank, stated that Bitcoin prices may experience a pullback before the U.S. presidential election on November 5, and increased volatility is expected in the coming days. As the election approaches, the premium on 7-day Bitcoin options should continue to rise compared to 30-day options.He added, "This is due to the fact that it takes several days to get complete election results. This trend may resemble the volatility seen before the launch of the spot Bitcoin exchange-traded fund in early January."

ChainCatcher news, Standard Chartered Bank's incubated RWA platform Libeara has partnered with FundBridge Capital to launch the Delta Wellington ultra-short-term government bond on-chain fund (also known as the ULTRA fund).Libeara CEO Aaron Gwak stated, "This new fund is based on the SGD Delta Fund, which became the first tokenized fund to receive a Moody's Aa rating, bringing an equivalent level of institutional credibility to dollar-denominated investments."Previous news, Standard Chartered Bank launched the blockchain department Libeara, aiming to tokenize Singapore dollar government bond funds.