Citigroup raised its 12-month bitcoin price target to $113,000 from $82,000 and lifted its ether target to $3,028 from $2,240, CoinPost reported. The bank expects capital to return to crypto markets as advisers and brokerages gradually increase bitcoin allocations, forecasting about $5 billion of inflows over 12 months. It cited recent price rebounds and factors such as dollar weakness after U.S. Treasury long-term bond buybacks, as well as regulatory developments.

South Korean financial authorities set a retail investor limit for token-securities over-the-counter trading ahead of the system’s launch in February next year, capping annual net purchases at 10 million won per exchange. The scope of token-securities issuance will expand from fractional investment securities to include conventional securities such as stocks, bonds and funds. Regulators will also broaden licensing categories for OTC venues and spell out registration requirements for issuer account managers and distributed ledgers.