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Avalanche’s AVAX Could Rise 10-Fold by 2029: Standard Chartered

Avalanche’s AVAX token is poised for major gains in coming years that should outpace already bullish outlooks for both bitcoin and ether, according to Standard Chartered’s Geoff Kendrick.
“The unique thing about Avalanche is how it is attempting to achieve scale. Unlike Ethereum or Solana, Avalanche (AVAX) uses a set of subnets, or sidechains,” Kendrick said in a note on Wednesday, initiating coverage on AVAX with a $55 price target for the end of 2025, $100 for 2026, $150 for 2027, $200 for 2028 and $250 by the completion of 2029.
“While it is still too early to tell whether the new subnet approach will work, we think the fact that one-quarter of active subnets are already Etna-compatible is encouraging.”
He also pointed out the network’s growing developer number since its upgrade in December, which cut the cost of establishing a subnet close to zero.
Avalanche, which stands at a $9 billion market cap, is currently the 15th-largest cryptocurrency by that metric, making it a great candidate to profit from a big impact even through incremental improvements, according to Kendrick. Among blockchains, it is the tenth-largest by total value locked (TVL).
“As a result, we see AVAX outperforming both Bitcoin and Ethereum in terms of relative price gains in the coming years, reaching a level around USD 250 by end-2029, more than 10x today’s price.”
Ahead of the December upgrade, the Avalanche Foundation, the issuer of AVAX, raised $250 million in a token sale, led by Galaxy Digital, Dragonfly and ParaFi Capital.
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Whales Buy the Bitcoin Dip: First Meaningful Accumulation in 8 Months

Prices remain under pressure and sentiment is so weak one would think it’s 2022 all over again, but for the first time in nearly a year, bitcoin (BTC) whales are buying.
Following months of distribution as bitcoin surged to a record high above $109,000, so-called whales — wallets holding 10,000 BTC or more — are meaningfully accumulating as prices dip to just above $80,000, according to Glassnode data.
The last time whales were buying so aggressively was in August 2024 with bitcoin in the $50,000-$60,000 range as the yen carry trade was unwinding.
Often considered “smart money,” whales tend to buy during deep corrections and sell into strength — a pattern that has played out consistently over the past eight months.
Despite this renewed whale activity, broader market behavior remains bearish, with bitcoin currently down 25% from its all-time high. Glassnode’s Accumulation Trend Score, which tracks the behavior of different wallet cohorts over a 15-day window, shows that most other investor groups are still in distribution mode.
A score closer to 1 signals accumulation, while a score near 0 indicates distribution. With an overall market score of just 0.15, selling pressure remains dominant. This suggests that while whales are starting to buy the dip, broader market sentiment continues to lean bearish, potentially putting further downward pressure on price—at least in the short term.
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Brazil’s Largest Bank Itaú Unibanco Mulls its Own Stablecoin

Itaú Unibanco, Brazil’s largest bank by assets, is exploring whether to issue its own stablecoin as regulatory discussions evolve and U.S. financial institutions slowly move into the sector.
The decision could hinge on how American institutions fare with their stablecoin rollouts, said Guto Antunes, head of digital assets at Itaú. At an industry event in São Paulo, Antunes cited the growing momentum behind blockchain-based settlement systems.
“Itaú has always had stablecoins on its radar. We cannot ignore the strength that blockchain has to settle transactions atomically,” local media quoted him saying. Stablecoins, for now, remain a “topic on the agenda.”
The renewed interest in stablecoins comes on the heels of a political shift in the U.S., where lawmakers rejected a central bank digital currency (CBDC) in favor of encouraging private stablecoin alternatives to preserve the dollar’s dominance.
In Brazil, regulators are conducting a public consultation—Consulta Pública No. 111—focused on how stablecoins might fit into the existing financial system. Antunes said the bank is waiting to see what rules the central bank sets before advancing any internal project.
Antunes also raised concerns about a proposed ban on self-custody in Brazil’s draft stablecoin rules. Brazil, it’s worth noting, has barred major pension funds from investing in cryptocurrencies.
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0xbow’s Ethereum Privacy Pools Surpass 200 Deposits as User Interest Grows

«Tornado [Cash] is dead, but privacy won’t die,» an ether enthusiast said on X after Oxbow’s Ethereum privacy tools went live on April 1 to facilitate on-chain privacy while dissociating from illicit funds.
The sentiment is echoed by the early uptake for the privacy pools, which have processed 238 user deposit transactions, totaling 67.49 ETH in the first three days. The new tool has received a thumbs-up from Ethereum founder Vitalik Buterin, who was one of the first to deposit ETH.
These privacy pools leverage zero-knowledge proofs and commitment schemes to facilitate ether deposits and subsequent withdrawals, in part or whole, while breaking the link between deposits and withdrawal addresses. Think of it like having a specialized bank account to send money while hiding your identity or how much money you have.
The architecture comprises the contract layer for managing assets, the zero-knowledge layer to ensure privacy and the association set provider layer that ensures compliance by vetting funds.
The three layers work together to preserve privacy while screening transactions for links to illicit actors such as hackers, phishers and scammers. The screening is dynamic, meaning a deposit is accepted but later found malicious, it can be removed.
Privacy pools are non-custodial, ensuring users retain full control over their funds, allowing even rejected deposits to move back funds to their original addresses.
As of now, the deposit limits are set between 0.1 ETH and 1 ETH, with the promise to increase the same after the initial battle testing period.
«This is only the beginning. The road to making privacy normal again is long and exciting, and we can’t do it alone!” 0xbow said on X.
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