The leading global bank, Standard Chartered has made a first research coverage of Ethena’s ENA token and set a $2 price target for the end of 2028, putting the bank’s forecast at roughly seven times ENA’s current market price. The report, published on September 30, focuses on Ethena’s position across
HSBC has officially named its forthcoming Hong Kong stablecoin HSBC RedCoin. It is one of the most significant moves by a traditional bank into the digital asset space in Asia. The name reflects the bank’s Hong Kong heritage. The launch strategy is deliberately phased. It starts with person-to-person and person-to-merchant
Brazil is integrating public blockchain technology into regulated financial infrastructure through a cooperation with Ripple and CSD BR. On September 29, CSD BR announced this initiative, which involves BTG Pactual investment fund shares. The operator has over BRL 22 trillion worth of assets registered. The XRP Ledger will reflect ownership
The U.S. state of Illinois has released draft rules for its new 0.2% digital asset tax, giving crypto exchanges and other service providers more detail on how the levy could work when it takes effect next year. The Illinois Department of Revenue (IDOR) posted the draft rules on September 28
Kalshi is in advanced talks to raise approximately $1 billion in fresh capital at a valuation of around $40 billion, an 82% jump from the $22 billion valuation it commanded just three months ago in its May financing round. The deal is expected to close in the coming weeks, with
Kakao Pay Securities has signed MOUs with both Ondo Finance and Dinari Global to explore the tokenisation and international distribution of South Korean-listed stocks. The partnership marks one of the most concrete moves yet to open Korean public markets to global investors through blockchain infrastructure, rather than the traditional and
Bitcoin wallets tied to Strategy have been involved in transferring out 3,568 BTC, which is equal to roughly $297 million. The Lookonchain blockchain tracking tool picked up 12 transfers within nine hours. Single transfers ranged from 138 BTC to 452 BTC in value. The transfers attracted attention because Strategy is
Greece has entered the European Union’s MiCA crypto regulatory register with four crypto-asset service providers, marking the country’s first appearance in the European Securities and Markets Authority’s (ESMA) updated list. The four Greek firms are BCASH, Xenios Blockchain Group, Capital Wallet Greece and Piraeus Bank. They appear in ESMA’s register
The Senate of the United States is now investigating Tether’s USDT in relation to crypto dealings that have connections to Iran. This investigation was led by Senator Richard Blumenthal through the Senate Permanent Subcommittee on Investigations. The Senate analyzed transactions involving 846 crypto wallets that it had sanctioned or considered
Chainlink is working to enable financial institutions to connect their existing systems and transaction-signing infrastructure directly to Swift’s blockchain-based ledger through the Chainlink Platform, opening a path for 24/7 cross-border payments using tokenized bank deposits. Chainlink announced the initiative on September 28, saying its Chainlink Runtime Environment (CRE) will coordinate
