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Robinhood Chain Approaches $1B TVL, with Uniswap Providing Nearly All Liquidity
Odaily News Robinhood's blockchain project, Robinhood Chain, has seen its total value locked (TVL) approach $1 billion. According to Standard Chartered analyst Geoffrey Kendrick, nearly all of its liquidity is provided by Uniswap V2, V3, and V4, making it the fastest-growing blockchain by this metric. Protocol fees generated by Robinhood Chain through Uniswap have now become the largest source of UNI burns. Since the Robinhood-related fee switch was activated on July 27, the annualized UNI burn rate has reached approximately $90 million. At roughly $3.50 per token, this equates to burning 25 million UNI annually, representing slightly more than 4% of the circulating supply. Robinhood Chain launched on July 1, with a focus on bringing real-world assets on-chain, and reached 194,000 daily active users within its first week. The partnership allows Robinhood to directly leverage mature DeFi infrastructure to provide liquidity for blockchain expansion. Robinhood is expanding its business into cryptocurrency, prediction markets, and tokenization. The company reported record second-quarter revenue and earnings, though cryptocurrency trading volumes and related revenue both declined. (Cointelegraph)
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Standard Chartered Bank's Anchorpoint Officially Launches Phase 1 Issuance of HKD Stablecoin HKDAP
According to The Block, Anchorpoint, a subsidiary of Standard Chartered Bank, officially launched the first phase issuance of the HKD stablecoin HKDAP on Wednesday, opening test access to institutional distributors and professional investors. Anchorpoint, established as a joint venture by Standard Chartered Bank, HKT, and Animoca Brands, received a stablecoin issuer license from the Hong Kong Monetary Authority (HKMA) in April this year, becoming one of the first licensed institutions.
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Standard Chartered: RWA Tokenization Could Reach $4 Trillion, LINK May Rise to $200 by End of 2030
Odaily News: Standard Chartered Bank's Head of Global Digital Assets Research, Geoff Kendrick, stated that as the tokenization of Real World Assets (RWA) accelerates, the price of Chainlink (LINK) tokens could rise to $200 by the end of 2030, representing an increase of over 25 times from its current level of approximately $8.In his latest report, Kendrick predicts that the scale of tokenized RWA will reach $4 trillion by the end of 2028. As more traditional assets are brought on-chain, the demand for secure and reliable off-chain data is expected to increase significantly, which could further boost Chainlink's fee revenue and drive up LINK's valuation.The report also projects that by the end of 2030, the scale of tokenized assets and crypto-native assets deployed in decentralized finance (DeFi) will grow approximately 37-fold to reach $2.7 trillion. Kendrick believes these assets require trusted data, cross-network interoperability, privacy-preserving compliance mechanisms, and integration with the existing financial system—infrastructure that Chainlink currently has the capability to provide.Demand for RWA tokenization has continued to grow recently. Data shows that trading volume of tokenized RWAs on decentralized exchanges (DEXs) hit an all-time high of $14.1 billion in July, up 19.5% month-over-month, driven primarily by public market assets such as tokenized stocks.Currently, Chainlink remains one of the largest decentralized oracle service providers in the crypto industry, with a Total Value Secured (TVS) of approximately $34.4 billion—significantly higher than second-ranked Chronicle's $7.36 billion.However, Kendrick also noted that the prediction of LINK reaching $200 still faces risks, including institutional tokenization projects progressing slower than expected, intensified competition from specialized oracle service providers, and potential technical issues. (Cointelegraph)
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The on-chain tokenized asset market is expected to reach $4 trillion by the end of 2028, while Standard Chartered projects Chainlink will hit $200 by the end of 2030
Odaily News: Standard Chartered initiated coverage on Monday of blockchain oracle project Chainlink, projecting LINK to reach $200 by the end of 2030 — roughly 25 times its current price of around $8. The bank's phased targets are $13 by the end of this year, followed by $41, $82, and $133. Standard Chartered estimates that the on-chain tokenized asset market will reach $4 trillion by the end of 2028, with DeFi-deployed assets hitting $2.7 trillion by 2030 — a 37-fold increase from current levels. The bank expects Chainlink fees to grow approximately 25-fold over the same period, assuming token prices track fee growth. Chainlink secures over $110 billion in total value, covering approximately 70% of the value that global DeFi relies on from oracles, with a share exceeding 80% on Ethereum; Aave V3 accounts for 44% of that. Swift, DTCC, Euroclear, JPMorgan, Mastercard, UBS, Fidelity, and S&P Global are all listed as institutions using its services. Chainlink still lags behind LayerZero in cross-chain interoperability. Following the $292 million attack in April, over $7 billion in token value has migrated to Chainlink CCIP, with second-quarter transaction volume reaching $4.9 billion — up 353% year-over-year. Risks include slowing institutional tokenization, pilots not converting to production processes, and technical failures impacting confidence. (Decrypt)
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Standard Chartered Bank initiates coverage on LINK, assigns $200 price target by end of 2030
Standard Chartered initiated coverage on the Chainlink token LINK, assigning a price target of $200 by the end of 2030, representing significant upside potential compared to the current level of approximately $8. The bank believes that the development of asset tokenization will continue to increase demand for trusted on-chain data, and Chainlink is expected to play a key role in traditional finance and decentralized finance infrastructure.
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Nomura's Digital Asset Arm Laser Digital Invests in ZIGChain to Drive On-Chain Private Credit in the Middle East
Odaily News – Laser Digital, the digital assets division of Japanese financial group Nomura, has announced a strategic investment in ZIGChain, a Layer 1 blockchain project based in the UAE. The two parties will collaborate to advance the on-chain adoption of the private credit market in the Middle East and Gulf region, including Sharia-compliant asset products.Neither party disclosed the specific investment amount, but market sources indicate the investment is in the high single-digit millions range. ZIGChain has already partnered with Standard Chartered and crypto-friendly fund services provider Apex Group, focusing on on-chain asset management and private credit infrastructure development. (CoinDesk)
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Circle Announces Arc Founding Validator Lineup, Public Mainnet to Launch on September 16
Circle announced the founding validator lineup for its open blockchain network Arc and confirmed that the public mainnet will launch on September 16, 2026. Currently, Arc has onboarded over 100 ecosystem and institutional builders on the private mainnet.
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Standard Chartered Hong Kong: Will Announce Issuance of HKD Stablecoin HKDAP Within August and Sign Distributors
According to HK01, Nicole Huen, CEO of Standard Chartered Hong Kong, Greater China and North Asia, previewed that an announcement regarding the official launch of the HKD stablecoin HKDAP will be made within August, and distributors will also be signed. Its subsidiary AnchorX, as the stablecoin issuer, will not directly interface with end-users, but will instead distribute through designated approved distributors to its relevant enterprise and institutional client groups for application, including SMEs, traders, service providers, fund companies, and even individual users, for cross-border settlement, while other application scenarios also include tokenized assets.
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BIS Project Agorá Completes $1 Million Tokenized Cross-Border Payment Test
Odaily News The Bank for International Settlements (BIS) stated that Project Agorá has completed a real-value test of tokenized wholesale cross-border payments, with 28 financial institutions and central banks settling approximately 800,000 Swiss francs (around $1 million) across 17 transaction scenarios. The test utilized tokenized central bank reserves and commercial bank deposits, with settlement currencies including the Swiss franc, euro, pound sterling, Japanese yen, Korean won, and US dollar, and an average settlement time of approximately 80 seconds. Participants included the Bank of England, Banque de France, Bank of Japan, Bank of Korea, and Swiss National Bank, as well as commercial banks such as JPMorgan, Citi, Deutsche Bank, BNP Paribas, UBS, Standard Chartered, and Mitsubishi UFJ Financial Group. Project Agorá is an initiative launched by the BIS in 2024, aimed at exploring how tokenized commercial bank deposits and central bank reserves can improve wholesale cross-border payments. The BIS stated that the July test was an important milestone, and testing will continue as Project Agorá progresses.
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BIS-Led Project Agorá Completes Million-Dollar Cross-Border Tokenized Payment Test
According to CoinDesk, Project Agorá, led by the Bank for International Settlements (BIS), recently completed a cross-border payment test with real funds. Participants included 28 commercial banks such as JPMorgan Chase, Citigroup, UBS, Deutsche Bank, and Standard Chartered, as well as five central banks. The test processed approximately $1 million (about 800,000 Swiss francs) in real transactions, covering six currencies: the US dollar, euro, pound sterling, Japanese yen, Swiss franc, and South Korean won. The test utilized tokenized central bank reserves and commercial bank deposits, settling funds on a shared ledger with an average settlement time of about 80 seconds. Unlike traditional cross-border payments that require intermediation by multiple correspondent banks, the platform achieved shared single ownership records and supports synchronized settlement of bilateral foreign exchange, effectively reducing principal risk. The BIS stated that the platform can operate in parallel with existing payment systems, rather than replacing them.
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Anchorpoint Financial is about to announce the launch of the Hong Kong dollar stablecoin HKDAP
: Anchorpoint Financial Technology, led by Standard Chartered Bank (Hong Kong), is one of the two stablecoin issuer license holders first approved by the Hong Kong Monetary Authority (HKMA) in April this year. Standard Chartered and Anchorpoint Financial are expected to issue a joint announcement as soon as the end of this month, within the next two weeks, announcing the launch of the Hong Kong dollar-pegged stablecoin HKDAP. Previously, the HKMA issued the first batch of stablecoin issuer licenses to Anchorpoint Financial and HSBC in April this year.
Strategy Bitcoin Banking Adoption Index: Fidelity Leads at 71%, BNY and Goldman Sachs Rank Second and Third
Strategy's newly launched Bitcoin Banking Adoption Index shows Fidelity leading at 71%, followed by BNY at 46% in second place, and Goldman Sachs at 45% in third. JPMorgan, Morgan Stanley, and Citigroup each stand at 43%. The index evaluates the adoption of Bitcoin-related services across trading, custody, digital asset products, financing, and corporate participation among 25 major global institutions, with an overall adoption rate of 32%.The remaining institutions scored between 13% and 38%, with Wells Fargo at 38%, Banco Santander and Société Générale both at 35%, Charles Schwab and TD Bank both at 32%, BNP Paribas, HSBC, Crédit Agricole, and UBS each at 30%, Bank of America, Barclays, and Standard Chartered each at 28%, State Street at 27%, Mizuho and Deutsche Bank both at 22%, MUFG at 18%, Lloyd’s at 17%, and SMBC and Royal Bank of Canada both at 13% (Bitcoin.com News).
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Standard Chartered: Maintains Bitcoin Price Forecast of $100,000 by End of 2026
Odaily Odaily Planet Daily reported that Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, stated that the market has misinterpreted Michael Saylor's adjustments to Strategy Inc.'s bitcoin strategy, and the recent selling pressure stems from confusion over this strategy rather than a change in bitcoin's long-term outlook. Strategy Inc. is shifting bitcoin from being a reserve accumulation asset to serving as collateral to support its STRC preferred stock. Kendrick maintains the bitcoin price forecast of $100,000 by the end of 2026. As of press time, BTC was trading at $64,322.89, and Strategy's stock MSTR closed at $94.64 on Friday. The outstanding notional value of STRC is approximately $10 billion, which Kendrick believes makes the preferred stock heavily overcollateralized due to its bitcoin backing. (Bitcoin.com News).
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Standard Chartered Maintains Bitcoin $100,000 Target: Strategy's BTC Sales Not a Sign of Risk Deterioration
Standard Chartered stated that it maintains its Bitcoin price prediction of reaching $100,000 by the end of 2026, believing that the recent market decline triggered by Strategy's (formerly MicroStrategy) related activities is not due to a deterioration in the company's balance sheet, but rather a strategic adjustment that the market has not fully understood.Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, noted in a report that Strategy's recent behavior is disrupting short-term market expectations for Bitcoin. The market had previously accepted the company's narrative of "never selling Bitcoin," but now Strategy appears to be shifting towards a more complex capital operation model. How clearly the company can communicate this change will determine when market pressure eases.Currently, Strategy holds 843,775 Bitcoins, representing approximately over 4% of the total 21 million Bitcoin supply. From 2020 to mid-2025, Strategy's mNAV (Market Value of Enterprise / Bitcoin Asset Value) was consistently above 1, allowing the company to raise funds through stock issuances to purchase Bitcoin and achieve shareholder value growth. The commitment to "never selling Bitcoin" was central to this model gaining market acceptance. However, with the current mNAV approaching 1, the leverage effect of this financing model is weakening.Kendrick believes Strategy is transitioning from a "Bitcoin accumulation tool" to a "Bitcoin credit support tool." This involves using its Bitcoin holdings as the credit basis for its perpetual preferred stock, STRC. Currently sized at approximately $10 billion, STRC is the largest financial instrument launched by Strategy, offering an annualized dividend rate of 12%, paid semi-monthly in cash, and is designed to maintain a price near its $100 par value through interest rate adjustment mechanisms.Standard Chartered indicated that STRC is currently trading around $90, while Strategy's dollar reserve for paying dividends stands at approximately $2.55 billion, covering an estimated 17.4 months of dividend expenses.Kendrick stated that Strategy's policy adjustment allowing for Bitcoin sales does not necessarily mean the company will continuously sell. He believes that as long as the market believes the new capital structure arrangement can stabilize the STRC price, Strategy may not actually need to sell Bitcoin. He compared this mechanism to a central bank's commitment to "do whatever it takes": mere restoration of market confidence may mean actual intervention never occurs. (The Block)
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Data: USDC Leads USDT in Stablecoin Transaction Volume Competition, Monthly Volume Hits New High
Odaily报道 According to data from Visa's on-chain data platform, USDC has expanded its lead over USDT in stablecoin transaction volume during the first half of 2026. Data shows that the adjusted stablecoin transaction volume in June rose to $1.79 trillion, an increase of 63% month-over-month and 125% year-over-year from June 2025, setting a new all-time high. Visa's statistics have excluded non-genuine economic activities such as bot transactions and internal exchange transfers.The total stablecoin transaction volume for the first half of the year reached $8.82 trillion, surpassing the full-year 2024 level of $5.8 trillion, but still below the record $10.8 trillion set in 2025.Structurally, USDC accounted for approximately 70% of the volume in the first half of 2026, while USDT accounted for about 25%, indicating a significant shift in market share towards compliant stablecoins.Analysis points out that as banks and institutions increasingly use stablecoins for settlement and fund management—with institutions like Standard Chartered and BNY Mellon accelerating integration into the USDC ecosystem—stablecoin infrastructure is entering a phase of institutional expansion. (CoinDesk)
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Korean investors are betting on China's AI sector, buying up $2.8 billion worth of assets in six months: A-share stocks like NAURA Technology Group and Cambricon Technologies are being snapped up
According to data, in the first half of the year, Korean investors invested a total of $2.819 billion to snap up Chinese assets through both individual stocks and ETFs: A-share purchases surged by 130.55% year-on-year, with NAURA Technology Group and Cambricon Technologies leading the buying spree. In Hong Kong stocks, Semiconductor Manufacturing International Corporation (SMIC) and MiniMax saw the highest purchase volumes. A Standard Chartered Bank analyst stated bluntly that overseas capital's attitude towards Chinese assets "has fundamentally changed." Among them, semiconductor equipment company NAURA Technology Group topped the purchase list at approximately $33.94 million, followed by Cambricon Technologies ($27.28 million), with Contemporary Amperex Technology Co., Limited (CATL) ($12.54 million) ranking third.Beyond semiconductors, Korean capital is also spreading to a broader range of computing infrastructure, including servers, data centers, and power and network support. (National Business Daily)
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Standard Chartered: Market Severely Underestimates Uniswap-Robinhood Partnership Potential
According to The Block, Standard Chartered Bank analyst Geoffrey Kendrick stated that the market is "severely" underestimating the potential for collaborations between Uniswap and high-quality DeFi protocols such as Robinhood, and expects more similar collaborations to materialize within the next few quarters, particularly those centered around Uniswap.
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渣打银行与 Circle 推出机构级 USDC 铸造与赎回服务
According to official news, Standard Chartered Bank announced a partnership with Circle to launch USDC minting and redemption access capabilities for institutional clients, becoming the first global systemically important bank to offer such integrated services. Eligible institutional clients can use USDC through a single onboarding and service process without needing to open a Circle account directly. The service will initially be provided through Standard Chartered's business in the Dubai International Financial Centre, supporting scenarios such as on-chain settlement, treasury management, and liquidity management, with plans to expand to more markets subsequently upon obtaining regulatory approval.
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Standard Chartered Bank issues first rating on Morpho, with a price target of $60
According to Cointelegraph, as tokenized TradFi assets continue to flow into DeFi, Standard Chartered Bank has rated Morpho for the first time, projecting the price could rise to $60 by the end of 2030, representing approximately 33x upside from current levels.
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Caixin: Son of former Wuhan Supervisory Commission official laundered over HK$64 million in Hong Kong, claims part of the funds came from selling Bitcoin
According to Caixin, Xiao Rui—the son of Xiao Jun, former member of the Wuhan Municipal Supervisory Commission—is suspected of accepting bribes totaling approximately HK$4.72 million from mainland Chinese engineering contractors on behalf of his father and laundering over HK$64 million through underground banking channels. On June 23, the Hong Kong District Court found Xiao Rui guilty on all four counts of “money laundering” and one count of “using a false instrument,” with sentencing scheduled for July 23. In 2014, Xiao Rui was granted residency in Hong Kong; that same year, he purchased two funds from AIA Financial (AIA) via his HSBC account for HK$10 million to meet the investment requirement under the relevant immigration scheme. Between January 2016 and September 2017, multiple remittances totaling over HK$54 million were deposited into Xiao Rui’s Standard Chartered and DBS accounts. Regarding the “money laundering” charges, Xiao Rui argued in court that the large sums involved represented legitimate business earnings of his mother, who gifted the money to him for investment in Hong Kong, and that part of the funds originated from Bitcoin sales. The judge rejected this testimony, citing Xiao Rui’s failure to provide any basic transaction records—such as dates, transaction IDs, or wallet addresses—related to the alleged Bitcoin sales.
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