Markets

Stablecoins Could Lure $1 Trillion in Deposits Away From Banks: Analysts

In brief Standard Chartered analysts predict stablecoins could draw $1 trillion in deposits from banks in emerging markets over the next three years. That represents 2% of aggregate deposits in high-vulnerability countries including Egypt, Pakistan, Bangladesh, Sri Lanka, Turkey, India, and Kenya. Depositors in these emerging markets are expected to adopt stablecoins even without yield…

Markets

Ethereum Briefly Hits Two-Week High of $4,500: What’s Next?

In brief Ethereum hit a two-week high of $4,500, defying recent bearish sentiment in traditional markets. Options data show a short-term bullish shift for October, but longer-term sentiment remains cautious. Analysts anticipate a bullish breakout in the fourth quarter if institutional treasuries resume their buying spree. Ethereum briefly climbed to a two-week high of $4,500…