Morpho jumps as Standard Chartered forecasts 33x upside by 2030
Morpho climbs on Standard Chartered’s 33x call as Bitcoin retakes $60K, Circle addresses OUSD concerns and Meta targets the AI cloud market.
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Circle is pushing back against fears that a new stablecoin could disrupt its dominance.
Bitcoin clawed back above $60K after a sharp drop below $58K overnight.
Standard Chartered sees 33x upside for Morpho as institutional DeFi expands.
Meta wants to sell its spare AI computing power to the world.
Today's theme: established giants are no longer watching the next financial and technological shift from the sidelines.
Circle CEO shrugs off 140-firm rival stablecoin consortium as doomed to fail
Visa, Mastercard, Stripe, and BlackRock are backing Open USD, a new dollar stablecoin with zero-cost minting.
Circle's Jeremy Allaire isn't sweating it, calling the track record of consortium stablecoins "absolutely dismal."
USDC's real test: whether network effects matter more than having every payments giant on the other team.
Markets
Bitcoin bounces back after overnight scare as jobs data disappoints
US private employers added just 98K jobs in June, missing forecasts by 20K.
Bitcoin briefly dipped near $57,700 overnight, its lowest level this year.
By morning it had clawed back, and risk assets broadly traded sideways alongside the S&P and Nasdaq.
BTC recovered above $60K, ETH hovered near $1,600, SOL traded around $77, and XRP held near $1.05.
Standard Chartered slaps a $60 target on Morpho, sees 33x return by 2030
Morpho jumped 11% after the bank launched coverage with a $60 price target.
The token still trades around $2, nearly 50% below its all-time high.
A major bank underwriting a DeFi lending protocol is the kind of TradFi bridge that reshapes adoption narratives.
Meta is building a cloud business to challenge AWS, Azure, and Google Cloud
Meta plans to sell its excess AI computing power through an initiative called Meta Compute.
Zuckerberg confirmed customer interest in API services back in May.
Cheaper AI compute from a new competitor could lower costs for crypto projects running inference-heavy workloads.
Crédit Agricole launches euro stablecoin on Ethereum
France's largest retail bank just put a euro-pegged stablecoin called EURXT on Ethereum.
Euro stablecoins remain tiny compared to dollar-denominated ones. A top-ten global bank entering changes the math.
If European banks keep tokenizing their currencies, the stablecoin market stops being a dollar-only story.
On Our Radar
The deepfake problem: Spotting fake faces is becoming your actual security blanket.*
Video AI gets a hundred million reasons: Twelve Labs just raised serious cash to organize your dusty footage libraries.
Nasdaq smashes first half records: SpaceX and a wave of technology listings helped the exchange raise a record $129.3 billion in the first six months of 2026.
*sponsored
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Until next time.
Estéfano
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