The World Foundation confirms the closing of several private transactions to 
fund core ecosystem operations and ongoing research and development. World 
Assets Limited, a subsidiary of Sam Altman’s World Foundation, has revealed it 
closed a series of Over-the-Counter (OTC) sales totaling $65,000,000 with four 
counterparties. The transactions occurred over the past week, with the initial 
[…]

World Foundation Completes $65 Million Over-the-Counter Token Sale

Standard Chartered’s Global Head of Digital Assets Research Geoffrey Kendrick 
said Ethereum could climb to $40,000 by 2030 and outperform Bitcoin along the 
way, arguing that the next wave of tokenization, stablecoin growth, and 
institutional blockchain buildout is likely to land first on Ethereum. 
Speaking in a Milk Road interview with John Gillen, Kendrick tied his ETH 
thesis directly to how traditional finance is approaching on-chain 
infrastructure. His argument was not that Ethereum wins because of narrative 
momentum, but because it looks like the safest place for banks, asset 
managers, and large institutions to start building. Why Ethereum Could 
Outperform Bitcoin Back in January, Kendrick had published a report titled 
Ethereum outperformance expected. In the interview, he acknowledged that ETH 
has struggled on price since then, but said the underlying setup remains 
intact. “The interesting part here for Ethereum is as tradfi gets involved, 
tradfi is okay to build stuff on Ethereum,” he said. “It’ll be very safe to 
say I’m going to build on Ethereum layer one, right? Because it’s never gone 
down. So I think a lot of this stuff in its first instance happens on Ethereum 
layer 1.” Related Reading: Ethereum Price Falls Below Psychological $2,000 
Support — What Next? He pointed to BlackRock’s rollout strategy as a model for 
how that adoption could unfold. In Kendrick’s view, institutions are likely to 
launch first on Ethereum mainnet, then expand to other chains and layer-2s 
later. That sequencing matters, because he sees activity flowing to the 
network before value disperses elsewhere. Kendrick said he increasingly views 
protocol and application fees relative to market cap as one of the more useful 
ways to think about ETH valuation. More activity in the Ethereum ecosystem, he 
argued, should translate into a higher token price. “I think that means ETH 
outperforms now, let’s say for the foreseeable actually,” he said. He added 
that the ETH/BTC ratio, currently around 0.03 by his framing, could rise to 
0.04 this year. Longer term, he said, “I’ve got $500,000 Bitcoin by 2030 and 
$40,000 Ethereum by 2030. So, a massive outperformance, obviously, a massive 
absolute potential upside from here.” The broader engine behind that call is 
tokenization. Kendrick said stablecoins could rise from roughly $300 billion 
today to $2 trillion over the next few years, and argued that this would 
create knock-on demand for tokenized money market funds. Corporate treasurers, 
he said, will not want to hold only tokenized cash if the rest of their idle 
capital remains trapped in slower off-chain systems. “Tomorrow, if you want to 
get access to stablecoins because of their 24/7 instantaneous, near-free 
benefits, you want to take all the million dollars onchain,” Kendrick said. 
“You don’t want to go out of stable coins and back into idiotic fiat, which is 
ridiculously slow by comparison. Rather, you’d like to have all of your off- 
chain money market funds onchain as well.” Related Reading: Unknown Wallet 
Buys $107 Million In Ethereum – Purchase Pattern Points To Bitmine That leads 
to one of his bigger numerical calls. Tokenized money market funds, which he 
said are about $10 billion today, could reach $750 billion by the end of 2028. 
He based that on the assumption that even if only 10% of transactions move 
into stablecoins over the next few years, a similar share of money market fund 
exposure would likely need to come on-chain too. He also forecast that other 
tokenized assets could grow from around $40 billion today to $2 trillion by 
the end of 2028, describing that as a 50x move in three years. From there, 
Kendrick sees a path into DeFi. If regulatory clarity improves, he said, 
traditional finance and DeFi could begin meeting in the middle, with consumer- 
facing apps using blockchain rails in the background to route cash into 
products like Aave, Morpho, or Compound. “There’s a huge financial fairness 
and financial inclusion stuff that I think we circle back to from DeFi,” he 
said. “Most people won’t know where it’s coming from, but you’ll get that 
style of stuff, I think, in the next few years.” For Kendrick, that is the 
core of the Ethereum trade. If tokenized dollars, tokenized funds, and 
eventually tokenized equities pull institutional liquidity on-chain, the first 
phase of that buildout is likely to happen where compliance teams are most 
comfortable. In his telling, that still points to Ethereum. At press time, ETH 
traded at $2,059. Featured image created with DALL.E, chart from 
TradingView.com

Ethereum Could Hit $40,000 And Beat Bitcoin, Standard Chartered Says

The Ethereum Foundation has staked over $46 million worth of ether in its 
largest single-day allocation, while continuing to rotate parts of its 
treasury through sales. On-chain data from Arkham Intelligence shows the 
foundation transferred 22,517 ETH (ETH) to the…

Ethereum Foundation stakes $46M in ETH as treasury activity ramps up

Decentralized lending protocol Aave has officially launched on Ethereum layer 
2 X Layer. According to the official announcement, the launch will allow OKX 
Wallet users and DeFi participants to directly supply assets, borrow against 
collateral, and earn yield on the…

Aave launches on OKX’s X Layer to expand on-chain lending access

The Google Play Store page states that the app collects personal data, such as 
a phone number, while the App Store directs users to the White House’s privacy 
policy.

Cryptocurrency price in AED