Standard Chartered thinks Ethereum has strong potential.Standard Chartered (STAN -3.54%) global head of digital assets research, Geoff Kendrick, says he believes Ethereum (ETH 3.77%) could reach $25,000 by 2028. That's a 505% increase from the closing price of $4,128 on Oct. 14. Kendrick, who is known for his bullish predictions, also thinks Ethereum could reach $7,500 by the end of this year. Kendrick identified two major drivers that could propel Ethereum to new highs. One is heavy corporate and instituti ...

💥BREAKING:🇬🇧 UK AIMS TO FINISH STABLECOIN RULES BY 2026 TO KEEP PACE WITH US CRYPTO POLICY. https://t.co/ESXK4P1Ksm ...

🇬🇧 HUGE: UK aims to finish stablecoin rules by 2026 to keep pace with US crypto policy. https://t.co/jIrCoZYTph ...

Core Insights - Russia has surpassed all European markets in cryptocurrency adoption, recording $376.3 billion in received transactions from July 2024 to June 2025, significantly outpacing the United Kingdom's $273.2 billion [1] - The Chainalysis 2025 Geography of Crypto Report highlights a dramatic shift in regional crypto dynamics, with Russia deepening its participation in decentralized finance (DeFi) and large-scale institutional transfers [1][2] Growth Factors - The growth in Russia's crypto market is attributed to institutional adoption, rapid expansion of DeFi usage, and increased reliance on stablecoins for cross-border transactions [2] - Large-scale crypto transfers exceeding $10 million in Russia surged by 86% between mid-2024 and mid-2025, compared to a 44% growth in the rest of Europe [3] DeFi and Stablecoin Impact - DeFi activity in Russia rose eightfold in early 2025, stabilizing at three and a half times higher than the mid-2023 baseline [3] - The ruble-pegged stablecoin A7A5 has facilitated cross-border payments for businesses and institutions, becoming the world's largest non-U.S. dollar stablecoin by market capitalization, reaching $500 million in early October [4] Regulatory Context - The stablecoin A7A5 plays a central role in Russia's crypto-driven trade settlement strategy, despite concerns from the European Union and U.S. Treasury regarding its potential use for sanction evasion [5] - Russia's crypto market expansion occurs amid intensifying sanctions and regulatory scrutiny, with the central bank planning to launch the digital ruble nationwide on September 1, 2026 [6]

The Bank of England is aiming to have new stablecoin regulations in place by the end of next year, as policymakers around the world battle to contain risks to financial stability from the spread of the digital money. https://t.co/eN2NOUsrB8 ...

Core Insights - A significant incident occurred involving PayPal's stablecoin PYUSD, where a mistake by Paxos led to the creation of $300 trillion in tokens without reserves, raising concerns in the cryptocurrency industry [2][3][4]. Group 1: Incident Details - The error was due to an internal transfer by Paxos, the issuer of PYUSD, which resulted in the minting of an amount exceeding 100 times the total US cash in circulation [2][3]. - The mistake was publicly visible on the Ethereum blockchain and was reversed approximately 20 minutes later after being flagged by on-chain observers [3]. - This incident follows the passage of the Genius Act, the first US stablecoin law, prompting questions about its effectiveness in preventing such errors [4]. Group 2: Technical Issues - Analysts identified that the smart contract for PYUSD allowed a single wallet unlimited minting rights, lacking rate limits and multi-signature protections [4]. - Previous incidents of similar nature include Tether's accidental minting of $5 billion and Croup's erroneous transaction of $81 trillion [4]. Group 3: Market Impact - Following the incident, PYUSD briefly lost its dollar peg, leading to a major crypto lending platform freezing all PYUSD activities as a precaution [5]. - The overall cryptocurrency market experienced a sell-off, although Paxos confirmed that no customer funds were affected [5]. - New York's financial regulator is reviewing the incident and is in contact with both Paxos and PayPal, while PayPal's shares have seen a 5% decline since last week [5].

Group 1 - Japanese banking giants Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group are planning to jointly issue a stablecoin [2]

Core Insights - Japan's three largest banks, Mitsubishi UFJ Bank, Sumitomo Mitsui, and Mizuho, are collaborating to launch stablecoins pegged to the Japanese yen and US dollar to compete with USDT and USDC [1][2] - The yen-backed stablecoin will initially be utilized for settlements by Mitsubishi Corporation, with plans for broader adoption across Japan [1][2] - The initiative is supported by Progmat, a blockchain infrastructure company established by MUFG, which will oversee the issuance and governance of the stablecoin [3][4] Group 1 - The three megabanks serve over 300,000 major business partners and aim to create a structure for corporate clients to transfer stablecoins under uniform standards [2] - The banks have partnered with various players in the crypto sector, including Bitbank, Avalabs, and Fireblocks, to enhance the stablecoin's infrastructure [4] - The stablecoin, named JPYC, will maintain its peg to the yen through reserves of highly liquid assets, with plans to issue 1 trillion yen (approximately $6.64 billion) over the next three years [5] Group 2 - The global interest in stablecoins is rising, with the total market capitalization recently surpassing $307 billion, where USDC and USDT dominate the market [6] - Currently, only Circle's USDC has received approval as a global dollar stablecoin for use in Japan, highlighting the competitive landscape [6]

RT mert | helius.dev (@0xMert_)i) majority of supply is staked, and even the ETFs are staking ETFs + the inflation goes down over timeii) all of crypto has declining txns, not just solana. solana does more txns than all of them combined.iii) see above.iv) also see above.reality remains that it has dominated in terms of network revenue, app revenue, new devs — and now stablecoin growthand soon asset listingseverything internet markets will happen here because we have the best talent, direction, and missionsh ...

We’re going LIVE in 1 hour with @OwlTing. Stablecoin commerce, global payouts, and the rails behind payments worldwide. Bring your questions.🕜 2 PM GMT https://t.co/2lOnauHTUn ...