Market Overview - Major cryptocurrencies are experiencing declines, with Bitcoin down 3% to around $16,000 and Ether falling over 6% due to a significant exploit in the Ethereum-based DeFi protocol Balancer, resulting in losses exceeding $70 million [2][3] - The Solana Soul token has also dropped more than 8.5% [2] Company Developments - Anamoka Brands, a Web 3 focused firm, is preparing to go public through a reverse merger, which would result in its shareholders owning approximately 95% of the new entity [4][5] - The company specializes in digital asset services, tokenization, and decentralized gaming, with the merger still pending due diligence and regulatory approvals [6] Earnings Reports - Cipher Mining reported a narrower than expected loss of $0.01 per share, leading to a nearly 16% increase in its stock price [2][3] - Core Scientific's shares rose over 4.5% following its earnings announcement, while Core Weave's shares fell more than 3.5% after a failed acquisition attempt [3][4] Industry Insights - Standard Chartered's CEO, Bill Winters, predicts that nearly all global transactions will eventually be conducted on a digital blockchain ledger, indicating a significant shift in the financial system towards digital currencies [7] - The crypto earnings season is in full swing, with Coinbase and other firms reporting stronger than expected results, while Robinhood is expected to show continued growth in crypto revenues [11][18] Competitive Landscape - Mizuo has raised its price target for Coinbase to $320 following its Q3 earnings, highlighting concerns about Coinbase's heavy reliance on the crypto market without sufficient diversification [12][13] - Circle, a stablecoin issuer, is facing skepticism regarding its future as competition in the stablecoin space intensifies, with predictions of numerous stablecoins emerging from various institutions [15][16] Future Outlook - The upcoming earnings report from Robinhood is anticipated to reflect user growth and increased trading activity, particularly in the crypto sector [19] - Figure Technologies, which recently went public, is being viewed positively, although its current focus is on the HELOC marketplace rather than crypto fundamentals [20][21]

Digital Currency & Market Trend - Standard Chartered CEO predicts "all money will be digital," signaling a potentially significant shift in the financial landscape [1] - The prediction suggests a bullish outlook on digital currencies, with a market size implied at $870 billion [1]

We’re excited to announce that Chainlink is powering cross-border DvP settlement between the Central Bank of Brazil (@BancoCentralBR) & Hong Kong Monetary Authority (@hkmagovhk) alongside Banco Inter, Standard Chartered, GSBN, & 7COMm in the Drex program.https://t.co/Y2lkU4cHycIn phase two of the Central Bank of Brazil’s (BCB) Drex project, which is focused on cross-border trade, Chainlink connected BCB with the Hong Kong Monetary Authority (HKMA) to orchestrate seamless and secure trade settlement across j ...

Core Viewpoint - The financial world is on the verge of a major transformation, with predictions that nearly all global transactions will eventually settle on blockchain networks [1][3][8] Group 1: Digital Money and Blockchain - The next era of global finance will be defined by digital money and blockchain-based settlements, with a belief that all transactions will eventually settle on blockchains [3][4] - The transition to digital money will require years of experimentation and collaboration among governments, regulators, and the private sector, indicating a complete rewiring of the financial system [4][8] Group 2: Standard Chartered's Initiatives - Standard Chartered is actively embracing blockchain technology, operating digital asset custody services, trading platforms, and tokenization initiatives [4][5] - The bank is developing a Hong Kong dollar-backed stablecoin in partnership with Animoca Brands and HKT, viewing it as a key step toward building new digital payment infrastructure for international trade [6][8] Group 3: Hong Kong's Role in Digital Finance - Hong Kong is positioning itself as Asia's crypto and digital asset hub, with a licensing regime for exchanges and pilots in tokenization, an area where Standard Chartered is directly involved [5][6] - The leadership of Hong Kong is recognized for its role in pioneering regulation and innovation in digital finance [5] Group 4: Industry Perspectives on Tokenization - Major finance leaders, including Robinhood CEO Vlad Tenev and BlackRock CEO Larry Fink, are optimistic about tokenization, predicting it will reshape global investing and become mainstream within five years [7]

Core Insights - Standard Chartered's CEO anticipates that nearly all global transactions will eventually be conducted on a digital blockchain ledger, reflecting a growing trend of crypto adoption in mainstream banking and finance [1][2] - The CEO emphasizes the need for experimentation to understand the implications of a complete rewiring of the financial system towards digital transactions [2] Company Developments - Standard Chartered has been increasing its involvement in digital assets, including digital asset custody services, trading platforms, and tokenized products [3] - The bank is collaborating with Animoca Brands and HKT to launch a Hong Kong dollar-backed stablecoin under a new regulatory framework established in August [5] Industry Trends - Hong Kong is positioning itself as a regional crypto hub through a digital asset licensing regime and tokenization pilots, with Standard Chartered actively participating [4] - Other global fintech leaders, such as Robinhood and BlackRock, have made optimistic predictions regarding the future of tokenized assets, indicating a significant shift in investment practices [6]

The Daily: Standard Chartered sees major RWA growth on Ethereum, CZ challenges Sen. Warren, and more https://t.co/Wfyld3kG4k ...

Market Forecast - Standard Chartered predicts tokenized RWAs could reach $2 trillion by 2028 [1]

Partnerships & Onchain Developments - Ondo and Chainlink partnered to bring financial institutions onchain, with Chainlink as the official oracle for Ondo's tokenized securities [1] - JPMorgan has tokenized a private equity fund on its Kinexys Fund Flow platform, with a broader rollout planned for 2026 [2] Cryptocurrency Market & Transactions - Ethereum is now processing over 1600000 daily transactions while gas fees hover around just $0.01, the lowest in years [2] - Crypto market experiences downturn despite Federal Reserve rate cuts and US-China trade deal progress [3] Company Performance & Expansion - Coinbase profit jumped to $432.6 million in Q3 as trading volumes and stablecoin revenue surged [3] - dYdX plans US expansion by 2026, launching spot crypto trading amid easing regulations [3] Regulatory & Political Landscape - US senators are pushing a bipartisan crypto market structure bill despite the ongoing government shutdown [3] - The issuer of the TRUMP memecoin is in talks to acquire the US operations of crowdfunding platform Republic [2] Real-World Asset Tokenization & Monetary Policy - Standard Chartered projects tokenized real-world assets to reach $2 trillion by 2028, matching stablecoins [3] - Federal Reserve to end Quantitative Tightening (QT) and reinvest into T-bills from December 1 after a 25 basis point cut [3]

Standard Chartered sees tokenized real-world assets reaching $2 trillion by 2028 — 'vast majority' on Ethereum https://t.co/jx1CIA4Brw ...

Market Projections - Standard Chartered predicts tokenized real-world assets to reach $2 trillion by 2028 [1] - The projected value of tokenized real-world assets by 2028 is expected to match stablecoins [1]