2024

Uniswap

Bitcoin

April

Standard

Despite the U.S. Securities and Exchange Commission’s (SEC) temporary withholding of approval for spot Ether ETFs, Standard Chartered bank still remains optimistic about the cryptocurrency market. 
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 JUST IN: Standard Chartered Bank no longer expects a U.S. Ethereum ETF approval in May But here are their year-end predictions 👇 • <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">$BTC</a>: $150,000 • Ethereum <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">$ETH</a>: $8,000 Do you agree?— BlockNews.com (@blocknewsdotcom) <a href="https://twitter.com/blocknewsdotcom/status/1782839538060259760?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 23, 2024</a>
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The bank’s initial forecast featured May as the month for approval. However, analyst Geoff Kendrick today highlighted potential hang-ups like the recent Uniswap lawsuit and rising Treasury yields, pushing the timeline for approval further. 
One prediction market called Polymarket made predictions concluding that the chances of spot Ether ETFs being approved by next month were only ranging around 14%. 
Standard Chartered remains positive and views the ongoing market crisis as a temporary setback that will be gone soon. It upholds its end-of-the-year price targets of $150,000 for Bitcoin and $8,000 for Ethereum, with Ethereum being forecast to hit $14,000 by 2025. 
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 🚨STANDARD CHARTERED U-TURNS ON SPOT ETH ETFS BUT STILL EXPECTS $150K BITCOIN🚨 – Banking giant Standard Chartered has now said that the US Securities and Exchange Commission (SEC) is unlikely to approve spot <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">#Ethereum</a> ETFs next month, according to its latest research report. -… <a href="https://t.co/HqLgRzJaMG" target="_blank" data-wpel-link="external">https://t.co/HqLgRzJaMG</a> <a href="https://t.co/O7E4xrwoRC" target="_blank" data-wpel-link="external">pic.twitter.com/O7E4xrwoRC</a>— BSCN (@BSCNews) <a href="https://twitter.com/BSCNews/status/1782802255244058818?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 23, 2024</a>
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<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/25/european-parliament-pass-tougher-rules-for-crypto-exchange/" data-wpel-link="internal">EU Tightens Anti-Money Laundering Rules for Crypto Exchanges</a> 
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Standard Chartered Remains Bullish on Crypto Despite Ether ETF Delay

The Crypto Times

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