Geoff Kendrick, the crypto research chief at Standard Chartered Bank, has highlighted the importance of greater regulation and the involvement of central banks in the crypto industry to reassure investors after the high profile collapse of stablecoin TerraUSD, the centralized exchange FTX, and a trio of crypto-friendly banks. Kendrick believes that central bank digital assets are becoming important for the crypto ecosystem and will legitimize some of the private sector stablecoins, helping to lower volatility in Ethereum and Bitcoin. He also predicts that global investors will have part of their pension invested in crypto markets, including the most liquid assets like Bitcoin and Ethereum. Kendrick is keeping a close eye on Ethereum, Solana, Lido, and Uniswap. He believes that Ethereum will continue to dominate, Solana will bounce back, Lido will perform well given the low staked market in Ethereum, and decentralized exchanges like Uniswap will trade well. Kendrick stresses the need for greater transparency in stablecoins and expects regulations specifically around stablecoins soon. He is critical of the slow response of the SEC to crypto policy in the US and predicts that crypto flows and companies may move out of the US to Europe given regulatory positives.

(By WILL FEE)