Activity
US and Iran Near Reopening Strait of Hormuz, US Conducts Self-Defense Strikes
Negotiations between the US and Iran are advancing towards reopening the Strait of Hormuz, even as US military forces conducted strikes on Iranian missile sites. This development could reshape regional security and affect global energy prices.
Standard Chartered Considers Acquiring Zodia Crypto Custody, Explores In-House Restructuring
Standard Chartered is contemplating acquiring crypto custody provider Zodia and may restructure its operations to bring some services in-house. These developments highlight the bank's growing interest in digital assets and could reshape its crypto strategy.
Bitmine and Tom Lee Boost Ethereum Investment and Staking Amid Market Recovery
Bitmine has increased its Ethereum holdings to over 4.66 million ETH, with plans to expand staking infrastructure. Tom Lee forecasts Ethereum reaching $250,000, citing growing institutional support and market rebound.
Standard Chartered predicts stablecoin market will hit $2T by 2028 amid doubled velocity
Standard Chartered reports a doubling in stablecoin velocity over two years, fueling a forecast of a $2 trillion market by 2028. This growth reflects broader adoption in finance and AI, shaping the future of digital currencies.
Stablecoins to Surge to $2 Trillion by 2028 Driven by Growing Use Cases
A new report forecasts stablecoin market value to increase fivefold to $2 trillion by 2028, driven by rising use cases and transaction velocity. This growth reflects expanding adoption but could be affected by future regulatory and technological developments.
Standard Chartered: Stablecoins May Transform US Bonds, Sapping $1T from T-Bills by 2028
Standard Chartered suggests stablecoins could dramatically reshape US bond issuance, potentially ending 30-year bonds. Meanwhile, stablecoins are projected to absorb nearly $1 trillion of US T-bills by 2028, indicating a major shift in debt markets.