Connect with us

Crypto World

Standard Chartered sees bitcoin (BTC) sliding to $50,000, ether (ETH) to $1,400 before recovery

Published

on

Standard Chartered sees bitcoin (BTC) sliding to $50,000, ether (ETH) to $1,400 before recovery

Investment bank Standard Chartered lowered its short-term and full-year price forecasts for major cryptocurrencies, citing continued downside risk as exchange-traded fund (ETF) outflows and a challenging macro backdrop pressure the market.

The bank now expects bitcoin to fall to around $50,000 in the coming months, with ether potentially bottoming near $1,400.

The world’s largest cryptocurrency was trading around $67,900 at publication time. Ether, the second-largest, was trading around $1,980.

Geoff Kendrick, Standard Chartered’s head of digital assets research, said the selloff in recent weeks could extend as ETF investors, many sitting on losses, are more likely to reduce exposure than “buy the dip.”

Advertisement

Once prices establish a bottom, Kendrick said, he expects a recovery through the rest of 2026. The analyst reduced his year-end target for bitcoin to $100,000 from $150,000, ether to $4,000 from $7,500, solana to $135 from $250, BNB Chain to $1,050 from $1,755 and to $18 from $100.

The crypto market has weakened sharply in early 2026, with major assets like bitcoin sliding significantly from late-2025 highs and the total market cap down sharply over recent weeks. Bitcoin has dropped almost 23% since the start of the year.

The downturn has been marked by heightened volatility, large liquidations of leveraged positions and broad risk-off sentiment, which has seen crypto correlate more closely with weakening equity markets.

Macro pressures such as concerns about global growth and interest-rate outlooks have pushed investors toward traditional havens like gold, while stalled regulatory clarity, particularly in the U.S., and liquidity strains at some institutions have weighed on confidence. Combined, these forces have led to reduced trading revenues for crypto-exposed firms and bearish sentiment across many tokens.

Advertisement

Holdings of bitcoin ETFs have declined by nearly 100,000 BTC from their October 2025 peak, according to Kendrick. The average ETF purchase price is around $90,000, leaving many investors with unrealized losses of roughly 25%.

Macro conditions are also weighing on sentiment. Kendrick noted that while U.S. economic data show signs of softening, markets expect no interest-rate cuts before Kevin Warsh’s first Federal Open Market Committee meeting as Federal Reserve chair in mid-June, limiting near-term support for risk assets.

Despite the expected capitulation, the bank said the current drawdown is less severe than previous cycles. At its worst point in early February, bitcoin was down about 50% from its October 2025 all-time high, and roughly half of supply remained in profit, declines that are sharp but not as extreme as in prior downturns.

Crucially, this cycle has not seen the collapse of major crypto platforms, unlike 2022’s failures of Terra/Luna and FTX. Kendrick said that suggests the asset class is maturing and more resilient.

Advertisement

The analyst left his longer-term projections unchanged, maintaining end-2030 targets of $500,000 for bitcoin and $40,000 for ether, arguing that usage trends and structural drivers remain intact.

The analyst previously reduced his bullish bitcoin forecasts in December.

Read more: Standard Chartered Throws in the Towel on Bullish Bitcoin Forecast

Source link

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

Israeli soldier allegedly used military secrets to gamble on Polymarket

Published

on

Israeli soldier allegedly used military secrets to gamble on Polymarket

Israel is attempting to prosecute a reserve soldier who allegedly used military secrets to place bets on security operations via Polymarket. 

Polymarket offers a multitude of markets on various military operations, from bets on the outcome of the Ukraine/Russia war, to more specific targeted missile strikes against various countries. 

Israel’s Shin Bet security agency announced today that the soldier — who is facing court along with an alleged civilian accomplice — used “classified reports” accessed via their military role to help make bets that could threaten Israel’s national security.

The pair is charged with numerous security offences, as well as bribery and obstruction of justice. Several people were arrested, but only two have been charged so far.

Advertisement

A lawyer representing the soldier told Bloomberg that the indictment is “flawed,” adding that the charge of harm to national security has been dropped.

They added, however, that he’s still believed to have used confidential information without permission.

Pair might be connected to $150K Polymarket winnings on Israel-Iran strikes

It’s unknown which prediction markets the two bet on, or if they made any profits. There are suspicions, however, that they could be linked to the Polymarket account “ricosuave666.”

This account made over $150,000 betting on Israel’s strikes against Iran in 2025, and reportedly got each prediction correct across a war that lasted 12 days.

Advertisement

Israeli authorities then opened up an investigation into these bets. 

Previous cases involving the leaking of military secrets led to an Israeli soldier reportedly being sentenced to 27 months in jail in 2023.

The individual passed on confidential information to users on social media so that they could gain credibility and popularity online.

Read more: Logan Paul fakes $1M Super Bowl bet on Polymarket

Advertisement

Every month, there seems to be another debate surrounding Polymarket and the use of insider information to make bets, but it’s unclear how capable the platform is of preventing these sorts of trades. 

There were concerns over one account that made $437,000 betting on the exit of Venezuela’s former president Nicolás Maduro hours before the US captured him.

There were also concerns that someone was able to use insider information to bet on the Nobel Peace Prize before it was announced.

After the home of Polymarket’s CEO, Shayne Coplan, was raided by the FBI, a company spokesperson said, “We charge no fees, take no trading positions, and allow observers from around the world to analyze all market data as a public good.”

Advertisement

Protos has reached out to Polymarket for comment and will update this piece should we hear anything back. 

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on XBluesky, and Google News, or subscribe to our YouTube channel.

Advertisement

Source link

Continue Reading

Crypto World

CertiK awarded the “Best Security and Compliance Solution 2026” at SiGMA AIBC

Published

on

CertiK awarded the “Best Security and Compliance Solution 2026” at SiGMA AIBC

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Web3 security firm CertiK honored for its contribution in web3 security and compliance at the 2026 SiGMA AIBC Eurasia Awards.

Advertisement

Summary

  • CertiK named “Best Security & Compliance Solution 2026” at SiGMA AIBC Eurasia Awards for advancing crypto safety.
  • CertiK has expanded into the Middle East, offering institutional-grade crypto security from its Abu Dhabi branch.
  • CertiK has partnered with ADGM regulators to provide enterprise security solutions via Skynet.

CertiK, the web3 security services provider, received an award for “Best Security & Compliance Solution 2026” at the SiGMA AIBC Eurasia Awards ceremony on February 10, 2026. 

The award is a recognition of the firm’s efforts in driving the crypto industry towards compliance and institutionalization. The SiGMA AIBC Eurasia Awards, jointly created by SiGMA and AIBC, is an award for the digital technology and innovation industries in the Eurasia region. It focuses on areas such as AI, blockchain, web3, and compliance security, and is well-known across the region. 

Other award winners included web3 companies, including Crypto.com, OKX Wallet, Avalanche, and Cointelegraph.

Advertisement

The award comes at a time when CertiK has been expanding its presence in the Middle East since the launch of its branch in Abu Dhabi in 2025. According to the firm, it has launched a localized team recruitment drive to address the demand for security services in the Middle Eastern markets. 

The company’s focus in the region has shifted to providing “institutional-level” security services. The goal of this service model is to provide banks, sovereign wealth funds, and large multinational corporations with security measures that meet traditional financial security requirements through advanced engineering capabilities and a tight defense matrix.

Since launching the branch in Abu Dhabi, CertiK has partnered with Abu Dhabi regulators, participated in roundtable discussions on the framework for virtual asset regulatory activities in the Abu Dhabi Global Market (ADGM), and offers services to local regulators via its security platform Skynet Enterprise.

According to CertiK, its services assist regulators in assessing the potential impact of abnormal events on corporate entities and the broader financial ecosystem, and promote the development of security compliance and innovation in the digital economy.

Advertisement

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

Advertisement

Source link

Continue Reading

Crypto World

ETH ETF Flows, Onchain Volume Signal Recovery To $2.4K

Published

on

ETH ETF Flows, Onchain Volume Signal Recovery To $2.4K

Key takeaways:

  • Ether exchange-traded funds saw $71 million in inflows, signaling strong institutional appetite.

  • Weekly decentralized exchange volume doubled to $20 billion, narrowing the revenue gap with Solana.

Ether (ETH) price failed to sustain levels above $2,000 on Thursday, leaving traders to weigh the potential catalysts for a market turnaround. While optimism has waned since the crash to $1,745 on Friday, both exchange-traded fund (ETF) flows and ETH derivatives metrics are showing early signs of a reversal. 

Traders now question if there is enough momentum for a bounce back toward $2,400.

US-listed Ether ETFs’ daily net flows, USD. Source: Farside Investors

US-listed Ether ETFs recently broke a three-day streak of outflows, attracting $71 million in fresh capital between Monday and Tuesday. Crucially, assets under management have stabilized at $13 billion, which is sufficient to maintain institutional interest. Ether ETFs currently average over $1.65 billion in daily trading volume, a level of liquidity that enables participation by the world’s largest hedge funds.

To put Ether ETFs in perspective, the State Street Energy Select Sector SPDR ETF (XLE US)— the largest in the US energy sector — trades an average of $1.5 billion per day. That instrument tracks a combined $2 trillion market capitalization across companies such as Exxon (XOM US), Chevron (CVX US), ConocoPhillips (COP US), The Williams Companies (WMB), and Kinder Morgan (KMI US).

Advertisement

ETH metrics and ETF inflows signal potential market recovery

While institutional appetite for Ether ETF trading is a positive indicator, it does not guarantee that demand for ETH derivatives is inherently bullish.

ETH 2-month futures basis rate. Source: Laevitas.ch

On Wednesday, the annualized premium (basis rate) of ETH futures remained below the 5% neutral threshold. This lack of demand for bullish leverage has been a constant theme for the past three months. However, the indicator has stabilized at 3%, even as the ETH price hit its lowest level in nine months. These derivatives markets are displaying moderate resilience, which remains an encouraging sign for Ether investors.

Related: Denmark’s Danske Bank allows clients to buy Bitcoin and Ether ETPs

Ethereum Total Value Locked, USD. Source: DefiLlama

Ether’s price weakness has driven Ethereum’s Total Value Locked (TVL) to $54.2 billion, down from $71.2 billion one month prior, according to DefiLlama data. Reduced deposits in the network’s smart contracts represent a major risk, as lower chain fees diminish the native staking yield. Moreover, Ethereum’s supply burn mechanism remains dependent on excessive demand for blockchain processing. 

Despite these worsening conditions, demand for Ethereum decentralized applications (DApps) has been gradually improving throughout 2026.

Ethereum 7-day DEX volumes (left) vs. DApps revenue (right), USD. Source: DefiLlama

Weekly decentralized exchange (DEX) volumes on the Ethereum network surged to $20 billion, up from $9.8 billion one month prior. This increased activity caused DApps revenue to reach $26.6 million in the seven days ending Feb. 8, providing a healthy indicator of ETH demand. While Solana remained the clear leader with $31.1 million in weekly DApps revenue, the gap between the two networks is narrowing.

Those monitoring Ether price performance exclusively fail to see that ETH onchain metrics and derivatives have displayed resilience, especially as inflows into Ether ETFs resumed. While it might take a couple of weeks for investors to fully regain confidence, there are strong indicators that a near-term rally toward $2,400 is possible.

Advertisement