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Crypto

Standard Chartered sets SKY token target at $0.325, sees fivefold rise by end-2028

Standard Chartered forecast Sky’s governance token SKY could rise about fivefold to $0.325 by the end of 2028. The bank’s research note set a base price of $0.065 and provided annual targets through 2028, citing expansion of the Sky ecosystem and growth in USDS issuance. It also highlighted agent-based borrowing, stablecoin supply trends and value transfer to holders via staking rewards and buybacks, while noting risks if growth slows.

Crypto

Bitcoin jumps 23 percent in week, breaks above 200-day moving average for first time in 9 months

Bitcoin surged more than 23 percent over the past week to around $77,000, briefly topping $79,000 and breaking above its 200-day moving average for the first time since November 2025. Ether, XRP and Solana also rose, lifting total crypto market value to $2.63 trillion. Analysts cited U.S. debt concerns, spot ETF inflows and shifting regulatory debates. Price outlooks diverged, while Mantra’s token slid to a record low amid a network incident.

Crypto

Bitcoin gains momentum after U.S. Treasury expands long-dated bond buybacks

Bitcoin extended gains after the U.S. Treasury announced an expansion of long-dated bond buybacks, breaking above its 200-day moving average for the first time since November 2025. Barchart highlighted the move, which is seen as a sign that months of weakness may be easing. The Treasury said it will roughly double buybacks, lifting purchases from $2 billion to at least $4 billion per operation from Sept. 9. Bitcoin has risen more than 13% since the announcement.