Standard Chartered Bank predicts Ethereum price to reach $40000 by the end of 2030

[Paxos Subsidiary PSSC Approved by U.S. SEC to Register as a Clearing Agency] According to PRNewswire, Paxos announced that its subsidiary, Paxos Securities Settlement Company, LLC (PSSC), has been approved by the U.S. Securities and Exchange Commission (SEC) to register as a clearing agency, providing securities clearing and settlement services. It has become the first blockchain-native registered clearing agency in the United States.

In April, durable goods orders in the United States increased by 7.9%, higher than the expected 3.5%, mainly due to a surge in non defense aircraft orders. The GDP growth rate for the first quarter was revised down from 2.0% to 1.6%. The number of initial jobless claims per week has risen to 215000, higher than the revised 210000 and market expectations. The PCE inflation rate rose from 3.5% to 3.8%, in line with expectations. The yield of 10-year US Treasury bonds has dropped to 4.485% (4.508% before data release), and the yield of 2-year bonds has dropped to 4.045% (4.070% before data release).

[Eightco Holdings Discloses $374 Million Asset Structure] According to PRNewswire, U.S. publicly traded company Eightco Holdings Inc. has announced its latest asset structure as of May 27, 2026, with a total portfolio size of approximately $374 million. The assets include: approximately $90 million in indirect equity of OpenAI (held via SPV), $18 million in equity of Beast Industries, approximately $144 million in cash and stablecoins, 11,100 Ethereum tokens, and approximately 283 million Worldcoin (WLD) tokens. Additionally, it includes approximately $1 million in investment in Mythical Games. Eightco stated that its future portfolio will focus on core assets in AI and the digital economy, emphasizing strategic exposure to private tech companies such as OpenAI and Beast Industries.

[Bit Digital Invests $20 Million to Acquire 8,568 ETH] According to PRNewswire, Nasdaq-listed company Bit Digital announced an investment of $20 million to acquire 8,568 ETH, bringing its total Ethereum holdings to approximately 158,500 ETH. The company stated that this acquisition helps reduce the average holding cost and supports the growth of net asset value per share.

According to The Block, Standard Chartered Bank said that the recent decline in ETH prices did not reflect the improvement of Ethereum network indicators, and compared it to Amazon's stage after the technology foam in 2001. The bank maintains its ETH price target of $4000 by the end of 2026 and $40000 by the end of 2030, and expects the ETH/BTC exchange rate to rebound to around 0.08 by the end of this decade. Standard Chartered pointed out that Ethereum dominates the stablecoin and RWA fields, and it is expected that the market value of both types of RWA will increase to about $2 trillion by 2028, driving Ethereum's trading volume and TVL to new highs.