Bank enters ETH spot trading as ChatGPT4o establishes Ethereums value at 800 billion

Standard Chartered, a banking giant with over $822 billion in assets under management, plans to offer Ether and Bitcoin in a new crypto trading desk, according to a Bloomberg report. If successful, this move will make Standard Chartered the first major global bank to offer such a service. The bank has been working closely with regulators to meet the demand from institutional clients and support the wider digital asset ecosystem. Standard Chartered is bullish on the crypto sector, predicting Bitcoin will reach $150,000 in 2024. They already hold stakes in crypto-focused firms and have launched a blockchain unit for tokenizing real-world assets. ChatGPT-4o, an AI chatbot, predicts that Ethereum could trade between $6,000 and $9,000 by mid-2025, assuming positive regulatory developments and increased institutional adoption. A more moderate scenario puts the price between $4,500 and $6,000, while a bearish outlook sees Ethereum remaining at its current level of $3,000 to $4,000. As of now, Ethereum trades at $3,496 per token, showing strong momentum in the one-year price chart. However, investors should be cautious and stay updated with the market as other cryptocurrencies with competitive advantages continue to emerge.