Standard Chartered has set a $60 price target for the DeFi protocol Morpho by 2030—representing a roughly 33-fold increase from current levels. Discover the full story behind this, the risks involved, and my personal take. Over the past five years, I have read dozens of crypto reports from banks, but this latest one from Standard Chartered felt different. The reason is simple: it isn’t discussing a hyped-up meme coin, but rather a DeFi lending protocol that the average investor likely hasn’t even heard of yet. Geoff Kendrick, the bank’s Head of Digital Assets Research, has set a target of $60…
Author: CF_Admin
A parliamentary report in India has characterized the crypto industry as highly risky. In this report, we explore why the government is intensifying its scrutiny of the crypto sector, whether this will impact foreign platforms, and what the future holds for India’s Web3 industry. While the craze for and usage of cryptocurrency are at an all-time high globally, concerning news has emerged from India. The Indian government is now stepping up its surveillance of the crypto sector. A recently released parliamentary report has classified crypto and Virtual Digital Assets as high-risk. The report highlights concerns such as money laundering, tax…
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