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12:36
Standard Chartered compares Ethereum to Amazon during the 2001 internet bubble burst and remains bullish on ETH through 2030.
According to ChainCatcher, as reported by The Block, Standard Chartered believes that the recent sharp decline in ETH prices does not reflect the continued improvement of internal metrics on the Ethereum network, and compares the situation to Amazon’s phase following the bursting of the tech bubble in 2001. The bank maintains its ETH price targets: $4,000 by the end of 2026 and $40,000 by the end of 2030, and expects the ETH/BTC exchange rate to rebound to around 0.08 by the end of this decade. The bank stated that Ethereum is dominant in the stablecoin and RWA (real-world asset tokenization) sectors, and expects that by 2028, the market value of both stablecoins and non-stablecoin RWAs could grow to approximately $2 trillion. This will drive Ethereum’s transaction volume and TVL to new highs, supporting an increase in ETH price.
12:34
Polymarket launches perpetual contracts Beta, access will be gradually opened over the next 4 weeks
Foresight News reports that the prediction market platform Polymarket has announced the Beta version of its perpetual contract product is now open for testing by a selected group of users, and access will be gradually expanded over the next four weeks. The official announcement has not yet disclosed specific trading pairs or functional details supported by the perpetual contract product.
12:33
A Best Buy executive stated that, so far, the company has not seen any signs of significant inventory supply constraints for the remainder of this fiscal year.
This indicates that although the global supply chain environment still faces challenges, the retailer remains confident in its inventory management and product supply capabilities. The company expects to meet operational needs for the upcoming quarters and ensure the stability of product supply.
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