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☆ Solana cryptocurrency could rally 400% if Trump wins election, Standard Chartered says
▼ + stars: | 2024-10-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The solana cryptocurrency could outperform ether and bitcoin in a big way if former President Donald Trump wins the U.S. election, according to Standard Chartered. In a new research note, the bank's head of digital assets, Geoffrey Kendrick, outlined his expectations for bitcoin, ether and solana depending on whether Trump or his Democratic opponent Vice President Kamala Harris wins the presidential election. "Similar arguments can be made for the relative outlook for ETH versus BTC under a Trump versus Harris outcome in the US," Kendrick added. If Harris takes the White House, however, Kendrick said he expects bitcoin to outperform ether, and ether to outperform solana in 2025. Solana valuation Despite his bullish call on solana under a Trump presidency, Kendrick noted that its current valuation looks "richly priced" versus ether on all backward-looking measures.

Persons: solana, Donald Trump, Geoffrey Kendrick, Trump, Kamala Harris, Solana, Harris, Kendrick Organizations: Chartered, Democratic, Trump, solana, solana ETF, ETH, BTC Locations: solana, Solana

☆ How this unique business model is setting new standards in crypto asset management
▼ + stars: | 2024-10-01 | by ( Sponsor Post | ) www.businessinsider.com time to read: +4 min

Matrixport has created a crypto financial service hub that emphasizes investor success. The all-in-one crypto financial hubOne such case is Matrixport, a Singapore-based crypto asset management platform marketing itself as the "world's leading all-in-one crypto financial service hub," is outpacing traditional crypto exchanges and crypto asset management platforms. It puts investors first and creates an entry-level crypto ecosystem delivering access to integrated products and services, like crypto asset trading, investment, loans, custody, RWA, research, and more. What truly sets Matrixport apart from crypto exchanges is its business model. Founded in 2019, Matrixport manages crypto assets worth more than $10 billion and sees monthly trading volumes exceeding $5 billion.

Persons: Matrixport, Jihan Wu, Bitmain Organizations: Traders, Tech, Invest, Insider Studios, Matrixport, Business Locations: Solana, Singapore, Asia, Hong Kong, Switzerland

☆ Grayscale's head of research discusses launch of crypto firm's Bitcoin Mini Trust ETF
▼ + stars: | 2024-07-31 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrayscale's head of research discusses launch of crypto firm's Bitcoin Mini Trust ETFZach Pandl, head of research at Grayscale Investments, discusses the asset manager's new spot bitcoin ETF with a lower fee than GBTC as Grayscale's Bitcoin Mini Trust ETF started trading in the U.S. on Wednesday. He also explains whether Grayscale could file an application for a spot solana ETF in the near future.

Persons: Zach Pandl Organizations: solana Locations: U.S

☆ Bitcoin blues could extend into July but outlook for the second half is upbeat
▼ + stars: | 2024-06-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Bitcoin's blues could linger throughout July, but investors are still optimistic about the cryptocurrency in the second half of the year. July is usually a strong month for bitcoin, which has finished higher for the month in seven of the last 11 years, according to CoinGlass. "There are always other known potential sources of bitcoin supply from government for example, but it's always uncertain when that's coming to market. This week, the crypto market was startled when the U.S. and German governments sent large amounts of previously seized bitcoin to exchanges, according to CryptoQuant. Marion Laboure, senior strategist at Deutsche Bank Research, said growing demand for crypto ETFs will help keep bitcoin's price "elevated" in the months ahead.

Persons: bitcoin, Zach Pandl, it's, JPMorgan's Nikolaos Panigirtzoglou, Pandl, Trump, Marion Laboure, 21Shares, Michael Bloom Organizations: Metrics, Federal, U.S ., Deutsche Bank Research, Solana Locations: U.S, Mt

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