Our Summary:Standard Chartered has set a bold price target for Ethena's ENA token, predicting it will reach $1.10 by the end of 2027. The bank's forecast is based on its synthetic dollar strategy, USDe, which aims to generate yield while taking offsetting positions in perpetual futures. The target relies on USDe supply exceeding $7.5 billion, triggering a 95% buyback of ENA.

Our Summary:OKX, a cryptocurrency exchange, has secured new backing from prominent investors Circle, Ripple, and Standard Chartered, maintaining its valuation at $25 billion. The latest investment round, which took place seven months after the NYSE's owner, Intercontinental Exchange, also invested at the same price, underscores the growing confidence in the platform's prospects.