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SEC won’t appeal Grayscale decision, Standard Chartered bullish on ether, and new JPMorgan blockchain initiatives

The Hash Insider

“Uptober” has been negative so far, with the Nasdaq Crypto Index dropping 3.4% last week with ether (ETH) leading the loss with a 4.3% drop followed by bitcoin’s (BTC) 3.0% drop.

 

 

SEC won’t appeal loss in Grayscale case, but obstacles to ETF approval remain

Several observers believe this improves the odds for a spot ETF approval in the next six months, but Bloomberg analysts emphasized that this doesn’t necessarily mean Grayscale’s application will be approved.

 

Standard Chartered says ether could reach $8,000 by 2026

Standard Chartered's forecast highlights the appealing investment potential for Ethereum and underscores the growing acceptance of crypto among traditional financial institutions.

 

JPMorgan debuts tokenization platform with BlackRock trade

JPMorgan launched its Tokenized Collateral Network, a blockchain app for asset transfers backed by collateral, and traded with BlackRock to convert fund shares into tokens. First Abu Dhabi Bank also used JPMorgan's Onyx for cross-border payments, as JPMorgan continues to test and launch blockchain-based services to meet growing demand.

 

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