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, 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.