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From Google to Polymarket, from Ethereum to OKB, we’re tracking today’s most important crypto and AI stories as they unfold. This article will be updated throughout the day.
Standard Chartered Raises Ethereum Forecast to $25,000 by 2028
Standard Chartered increased its Ethereum price forecast to $7,500 in 2025, $12,000 in 2026, $18,000 in 2027, and $25,000 in both 2028 and 2029. This is up from its $4,000 projection for 2025 in March.
- The bank’s head of digital assets research, Geoff Kendrick, said institutional accumulation has been nearly double Bitcoin’s peak accumulation pace. Treasury firms and Ethereum ETFs have purchased 3.8% of all ETH in circulation since June.
- Kendrick cited the U.S. GENIUS Act as a driver for stablecoin adoption, increased liquidity, and higher Ethereum demand. Stablecoins account for 40% of blockchain fees, most issued on Ethereum.
Ethereum traded at $4,713, 4% below its all-time high of $4,878. Prediction market Myriad Markets showed 87.5% odds for ETH to reach $5,000 this year.
Google Clarifies Non-Custodial Crypto Wallets Not Affected by Policy Update
Google said non-custodial crypto wallets are not covered by its Google Play “Cryptocurrency Exchanges and Software Wallets Policy” after a post suggested otherwise.
- A Google Play blog post last month outlined new requirements for crypto exchanges and software wallets, including compliance with local laws and industry standards, with an Oct. 29 effective date.
- In the U.S., it said developers must register with FinCEN and as a state money transmitter, or be a chartered bank. Similar guidance was issued for the UK and EU.
The initial interpretation led to reports that unregistered non-custodial wallets would be banned in several countries. Google later posted on X that the wallets are “not in scope” of the policy and said it will update its Help Center to clarify.
OKX Upgrades X Layer, Phases Out OKTChain, and Updates OKB Economic Model
OKX completed the “PP upgrade” of its X Layer network on Aug. 5, 2025, integrating the latest Polygon CDK version to increase throughput to 5,000 TPS, reduce gas costs, and improve Ethereum mainnet compatibility.
- The upgrade focuses on DeFi, payments, and real-world asset applications, supported by ecosystem incentives, infrastructure enhancements, and deeper integration with OKX Wallet, Exchange, and OKX Pay.
OKX will discontinue OKTChain, halting OKT trading on Aug. 13 and converting OKT holdings to OKB starting Aug. 15 based on an average closing price from July 13 to Aug. 12. OKTChain will operate until Jan. 1, 2026, for deposits and conversions.
- OKB will remain X Layer’s native gas token.
- OKX will phase out Ethereum L1 OKB withdrawals, burn 65,256,712.097 OKB from historical repurchases and treasury reserves on Aug. 15, and cap total supply at 21 million.
- An OKB smart contract upgrade on Aug. 18 will remove minting and burning functions.
Bitcoin-Based Memecoin Launchpad Suffered $7M Worth of Security Exploit
Odin.fun lost 58.2 BTC in just two hours, according to blockchain security firm PeckShield.
- An investigation showed that hackers attacked the launchpad by adding tokens like SATOSHI to inflate prices, then withdrawing their liquidity to receive returns.
- Odin.fun’s co-founder Bob Bodily confirmed the exploit, saying that the attackers exploited the platform’s automated liquidity market-making tool.
- The executive then shared that the attackers are mainly tied to Chinese entities.
However, Boidily also stressed that their treasury is not big enough to cover the losses. But the team is already working on a concrete plan to compensate affected users.
- He then assured that the remaining funds in the platform are safe.
- As of this writing, it is confirmed that the Odin.fun team has already contacted U.S. law enforcement and is cooperating with OKX and Binance, CEXs that have engaged with Chinese authorities regarding the incident.
Refresh this page for new updates: Standard Chartered Predicts $25K ETH Price | Live Crypto Updates | Aug. 14, 2025
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