Today in crypto, Standard Chartered has raised its Ether price target to $7,500 by 2025, up from a previous $4,000, driven by increasing institutional investments and stablecoin growth following US regulatory changes. The bank's report highlighted that Ether treasury companies and exchange-traded funds (ETFs) have acquired 3.8% of all ETH in circulation since June 2024, which is nearly double the accumulation rate of Bitcoin during the same period. Additionally, US banking groups, led by the Bank Policy Institute, have called on Congress to address a loophole in the GENIUS Act that permits stablecoin issuers to offer yields to tokenholders through affiliates, which could destabilize traditional banks. Meanwhile, Terraform Labs co-founder Do Kwon has pleaded guilty to wire fraud and conspiracy, admitting to two charges while facing potential sentencing of up to 12 years, with a hearing set for December 11th.

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