Standard Chartered reaffirms $40K Ethereum price target amid DeFi dominance

With bearish pressure building across the cryptocurrency market, the Ethereum price is steadily dropping toward the $1,950 mark once again, a level last seen in March. Despite the altcoin’s declining price action and general unfavorable market conditions, large ETH holders seem to be holding onto their positions. What Ethereum Whales Are Doing In This Pullback […]

Paris-based chipmaker Sequans Communications has fully exited its bitcoin treasury, selling roughly 80% of its holdings to repay convertible debt and returning its full focus to semiconductors. Sequans Communications, the Paris-listed chipmaker, announced Thursday the completion of all convertible debt…

VanEck VBILL is now live on DeFi lending platform Euler, letting investors use tokenized Treasuries as onchain collateral. VanEck VBILL, the asset manager’s tokenized US Treasury fund, has gone live on decentralised lending platform Euler. Investors can now post the…

Ethereum (ETH) has followed Bitcoin (BTC) and much of the wider crypto market lower over the past 48 hours, dropping below the key $2,000 support level and reigniting concerns among some investors that a longer bear phase could be underway.  Even with the recent slide, Standard Chartered’s Digital Assets Research Head, Geoff Kendrick, says the bank is not backing away from its bullish long-term outlook for Ethereum. Ethereum Price Will Catch Up In a note to investors on Thursday, Kendrick reaffirmed Standard Chartered’s core projection for Ethereum’s performance over the next four years, including its end-2030 target of $40,000 for ETH.  He linked the current weakness to something investors may eventually look back on as a confusing, even misleading, signal. Rather than treating the price drop as proof that the network is weakening, Kendrick argued that Ethereum’s usage metrics are continuing to improve even as the token’s market value loses ground. Related Reading: Hyperliquid (HYPE)

A May 28 morning slide to a session low of $72,642 pushed bitcoin closer to locking in an overall loss for May, extending a weeklong retreat from its May 25 peak of $78,000. Key Takeaways: Bitcoin fell to a session low of $72,642 on Thursday morning, threatening to close May with a monthly loss. Volatile […]

XRP is testing critical demand levels as selling pressure keeps the price under stress, and participants on both sides of the trade search for the structural signal that determines whether the current level holds or gives way to further decline. The price action is tense — and a CryptoQuant analyst has identified a shift in the exchange flow data on Binance that adds a specific structural dimension to the current test that the price chart alone cannot reveal. Related Reading: Bitcoin Sends An Unusual Signal After Miner Inflows Top 20,000 BTC – Analyst Explains The Setup The metric the analyst examines tracks the spread between whale activity and retail activity in XRP outflows on Binance. A measure of how dominant large holders are relative to smaller participants in the exchange’s flow structure. The latest reading places that spread at 88.3%, a level that sits near its lowest range since May 2024. Whales continue to dominate XRP outflows on Binance, but the gap between their activity

Standard Chartered is telling clients to treat Ethereum’s latest price slump the way Jeff Bezos told Amazon shareholders to treat the dot‑com crash, arguing that the token’s “stock is not the company” and that fundamentals will force price to catch…

Current Bitcoin whale activity is similar in nature to the last bear market in 2022 when BTC fell precipitously, according to on-chain data.