Standard Chartered Bank Reaffirms $200,000 Year-End Price Target for Bitcoin: Bullish Thesis Supported by Three Major Drivers
On July 2nd, Standard Chartered Bank predicted in its newly released H2 2025 Outlook report that the price of Bitcoin would ascend to $135,000 by the end of September and reaffirmed its year-end target price of $200,000 (which is nearly double the current price of $107,800 as of July 3rd). Geoffrey Kendrick, the director of Digital Assets Research at the bank, pointed out that a combination of three factors, namely spot ETF inflows, the growth of corporate treasury demand, and favorable policies, will propel Bitcoin to achieve its most robust surge in USD price during the second half of 2025.
"Although the recent pace of accumulation by MicroStrategy has decelerated, the rush of non-MicroStrategy institutions in the second quarter indicates that new entrants are sufficient to fill the demand gap in the third quarter," wrote Geoffrey Kendrick in the report. "We anticipate that the overall Bitcoin purchases by corporate treasuries in the third quarter will surpass those in the second qu
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The European Central Bank Plans to Launch a Blockchain Euro Settlement Pilot in 2026
On July 2nd, according to the report from Cointelegraph, the European Central Bank (ECB) is scheduled to launch a blockchain settlement pilot by the end of 2026 through a new initiative named "Pontes". The aim is to integrate distributed ledger technology (DLT) platforms with the core payment system of the Eurozone.
The ECB approved a two-tiered plan on Tuesday to adopt central bank digital currency settlement DLT transactions. This move may pave the way for the modernization of the European financial system. The first tier, "Pontes", will focus on a short-term solution by connecting blockchain-based DLT platforms with the Eurosystem's operation of the "TARGET" financial service system (designed to facilitate payments and securities settlement within the Eurozone), and the pilot is expected to start by the end of the third quarter of 2026.
The European Central Bank stated that this pilot will make use of the results of its 2024 DLT exploratory experiment (which involved more than 50
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JPMorgan Chase is actively exploring the tokenization of Carbon Credit Limits and has partnered with three carbon credit firms.
On July 2nd, as per Bloomberg, JPMorgan Chase & Co. is in the process of developing a novel service for tokenizing carbon credits. It has formed a partnership with three carbon credit companies for initial testing.
According to a statement made on Wednesday, the bank's blockchain division, Onyx, will collaborate with S&P Global Commodity Insights, the carbon registry EcoRegistry, and the International Carbon Registry. They will jointly test a new application that aims to convert carbon credits from the regulated registries of these three institutions into tokens. The parties will explore whether blockchain technology can be applied to the entire life cycle management of carbon credits, including the tracking of ownership from issuance to retirement.
In its statement, JPMorgan Chase stated that the carbon market is confronted with "challenges such as inefficiency, lack of standardization, insufficient transparency, and market fragmentation". The application of tokenization technology is
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K33 has once again increased their holding by 10 BTC, bringing their total holding to 35 BTC.
On July 2nd, the Bitcoin asset management company K33 repurchased 10 bitcoins at a cost of approximately 10 million Swedish Krona. Currently, it holds a total of 35 bitcoins.
K33 recently launched a Bitcoin financial strategy and announced the successful completion of a share issuance to obtain funds for the purchase of up to 1000 bitcoins.
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US Stock Futures: Tesla Gains 1.4% in Pre-market Trading After Six Consecutive Days of Decline
On July 2nd, based on market information, Tesla witnessed a 1.4% increase in pre-market trading and is currently trading at $304.89. It had been in a consecutive six-day decline.
Previously, Musk retweeted Trump's post regarding facilitating an Israeli ceasefire agreement and gave praise to Trump for successfully resolving multiple serious conflicts worldwide, stating, "Credit where credit is due."
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Eclipse Community Manager: The ES Airdrop Lookup Page is not yet live. Please beware of false airdrop distribution information.
On July 2nd, Alucard, the head of the Eclipse community, said on social media that "The official Eclipse airdrop query page is not yet active. Anyone claiming to know the distribution of ES is spreading misleading information. Currently, no one has received confirmation of the airdrop allocation. Users should wait for the official query tool to become available and not believe rumors and FUD easily."
Earlier, Alucard stated, "There is no ES airdrop today. All on-chain activities are related to the preliminary preparations for the upcoming eligibility query tool. Please be cautious of scams and misinformation on the X platform. The ES airdrop will need to be claimed through the official redemption website on the Token Generation Event (TGE) day. There will be no TGE today."
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