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, 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.

ChainCatcher news, according to Bitcoin.com News, Standard Chartered's Global Head of Digital Assets Research, Geoff Kendrick, in a recent report, predicts that the price of Bitcoin will reach $73,000 on November 5, 2024, the day of the U.S. presidential election. The report further analyzes that if Trump wins, the price of Bitcoin could rise by 4% after the election results are clear, with a cumulative increase of up to 10% within a few days.The research team stated that if the Republican Party achieves a landslide victory in the congressional elections, Bitcoin is expected to reach $125,000 by the end of the year. In contrast, if Harris is elected president, Bitcoin may experience a short-term pullback, but it is still expected to reach a new high of $75,000 by the end of 2024. This prediction is based on daily BTC volatility levels and mainstream options strike price analysis.

ChainCatcher news, according to Cointelegraph, Standard Chartered analyst Geoff Kendrick predicts that if Trump wins the election, the value of Bitcoin could reach $125,000 by the end of this year.Kendrick expects that on November 5 (Election Day), BTC will be around $73,000. If former Republican President Donald Trump wins, Kendrick believes that BTC will rise by about 4% at the time the results are announced, and will increase another 10% in the following days.Kendrick stated that if current Vice President Kamala Harris is elected president, the price of Bitcoin will decline for a period of time, but will also reach around $75,000 by the end of the year.

ChainCatcher news, Standard Chartered Bank estimates that the 60% appreciation of the dollar in October is related to increased bets that Trump will win the election on November 5.The dollar index has risen more than 3% this month, poised to achieve its best monthly performance since 2022. Many analysts indicate that Trump's election as president would boost the dollar, given the prospect of high tariffs and the ensuing market volatility, which often favors safe-haven assets.Steven Englander, Global Head of G10 FX Research at Standard Chartered Bank, stated that the dollar is strengthening as the likelihood of a Trump victory increases. This has a greater impact on foreign exchange than on fixed income.Englander estimates that the market expects the probability of a Trump victory to be close to 70%. If this probability is confirmed and Congress becomes divided, there will be room for profit-taking in the market. If the Republican Party gains control of both the House and Senate, it could impact the market.

ChainCatcher news, according to Xinhua Finance, during the Sibos annual conference organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Standard Chartered Bank and Bank of Communications signed a "Digital Currency Strategic Cooperation Memorandum."The two parties will establish a joint working group to jointly explore the establishment of a cross-border payment settlement infrastructure and mechanism for digital currency, enhance the efficiency and convenience of cross-border payment settlements, co-create richer digital currency application scenarios, and promote the expansion of digital currency applications through the incremental customer value brought by innovative application scenarios.

ChainCatcher news, according to The Block, Standard Chartered's Global Head of Digital Assets Research Geoff Kendrick released a report stating that Bitcoin is showing upward momentum and may approach its historical high of $73,800 before the U.S. presidential election.Kendrick pointed out that multiple factors are driving this potential price increase, including a steepening U.S. Treasury yield curve, a revival of interest in spot Bitcoin ETFs, and an increased probability of Donald Trump winning the upcoming U.S. presidential election.According to the Polymarket prediction platform, Trump's chances have risen to 56.3%. If Trump wins, the probability of the Republican Party simultaneously controlling the Senate and the House of Representatives is 70%, which could create favorable conditions for risk assets, including Bitcoin.

According to ChainCatcher news reported by The Block, based on current prices and the potential impact of Donald Trump's victory in the U.S. presidential election, Standard Chartered's Head of Global Digital Asset Research, Geoff Kendrick, predicts that by the end of 2025, the price of Solana could increase fivefold, Ethereum could rise fourfold, and Bitcoin's value could triple.He also stated that if Harris becomes president, he expects Bitcoin to outperform Ethereum, which in turn will outperform Solana. He added, "In dollar terms, we expect Ethereum's price to reach $7,000 by the end of 2025 under a Harris presidency." Regardless of the election results on November 5, Kendrick expects Bitcoin's price to rise to $200,000 before the end of 2025.

ChainCatcher news, according to The Block, Standard Chartered's Global Head of Digital Asset Research Geoff Kendrick stated that since the Federal Reserve lowered the federal funds rate last week, the long-term borrowing costs for U.S. Treasuries are relatively higher than short-term borrowing, which typically indicates optimism about future economic growth and helps create a favorable environment for investments, including Bitcoin.Geoff Kendrick also noted that the situation in the derivatives market similarly supports his optimistic view on Bitcoin. This week, he observed the addition of some major Bitcoin call options centered around a strike price of $100,000 in the options market. This indicates that other factors are influencing the decision-making of derivatives traders. From a timing perspective, the most likely new factor is Vice President Harris's comments made on Sunday, September 22, when she first announced that she would encourage cryptocurrency businesses.

ChainCatcher news, Standard Chartered's Head of Foreign Exchange and Digital Assets Research, Geoff Kendrick, stated that after the Federal Reserve's recent decision to cut interest rates by 50 basis points, Bitcoin and the broader digital asset market are expected to receive a sustained boost.Kendrick believes that macroeconomic factors will drive the prices of digital assets higher, a trend that is unaffected by the upcoming results of the U.S. presidential election.He noted that Bitcoin and other digital assets performed strongly after the Federal Open Market Committee (FOMC) cut rates on Wednesday. Kendrick stated that the steepening of the U.S. Treasury yield curve is favorable for digital assets, and he anticipates inflows into spot Bitcoin ETFs in October.Kendrick reiterated his previous prediction that Bitcoin will reach new highs by the end of the year, with a target price of $125,000 if Trump wins, and $75,000 if Harris wins.

ChainCatcher news, Steve Englander, the Global G10 FX Research and North America Macro Strategy Head at Standard Chartered Bank's New York branch, stated that recent U.S. economic data does not provide a compelling reason for a 50 basis point rate cut at the upcoming FOMC meeting. A 50 basis point cut with a decision error could be worse than a 25 basis point cut with a decision error. The rationale for a 25 basis point cut is that the upcoming inflation data does not support inflation rapidly approaching the 2% target. Meanwhile, the recent rise in unemployment also indicates a concerning deterioration in the economy. (Jin Shi)

ChainCatcher news, according to Cointelegraph, multinational bank Standard Chartered has announced that it will begin offering cryptocurrency custody services in the United Arab Emirates, currently supporting the custody of BTC and ETH.It is reported that Standard Chartered has launched the related custody services in collaboration with the cryptocurrency division of hedge fund Brevan Howard, Brevan Howard Digital. This custody solution has now received approval from the Dubai Financial Services Authority (DFSA), the specialized financial regulatory authority of DIFC.

ChainCatcher news, according to Jinshi reports, Standard Chartered Bank's Global Foreign Exchange Research and Macro Strategy Head Steve Englander stated that the market's reaction, namely the weakening of the dollar and a slight decline in bond yields, is generally correct.Powell did not say, "Yes, we are going to start the easing cycle with three 50 basis point rate cuts." What he emphasized was the fact that the inflation target is within reach. They are concerned about the labor market, stating that the labor market does not need to weaken further. Therefore, without providing a timeline, this statement implies that it opens the door to a 50 basis point rate cut at some point. We still do not believe that a 50 basis point cut is the first move, but if the labor market continues to weaken, it may come soon.