Standard Chartered predicts Arbitrum's ARB to rise 70-fold to $10, citing Robinhood Chain revenue

On October 29, 2026, a hacker stole approximately $6.15 billion from Binance in 31 minutes, one of the largest crypto heists. The attacker exploited Binance's systems to approve withdrawals, draining hot wallets across nine blockchains. Binance initially estimated losses at $6.3 billion, but blockchain analytics firm BitOK traced transactions to $6.15 billion.

Paxos' USDG stablecoin, with $3.09B in circulation, has launched on Arbitrum One, gaining access to its DeFi ecosystem. ArbitrumDAO proposes allocating 100M ARB tokens to incentivize USDG adoption. Arbitrum joins the Global Dollar Network as a partner, sharing in rewards from USDG activity. The move aligns with Arbitrum's push into tokenized assets, with $4B in stablecoins currently on the network.

Arbitrum One is launching a new category of tokenized assets, including a $500M investment in Australian solar and battery energy infrastructure. This initiative, credited to @Loafmarkets, aims to diversify Arbitrum's offerings and attract institutional investors. The crypto market is showing mixed signals, with no immediate price impact on Arbitrum.

Arbitrum's ARB token fell 6.5% after an emergency security upgrade paused new Stylus contract activations, raising perceived protocol risk. The broader crypto market also declined, contributing to ARB's underperformance. The upgrade was proactive and did not involve user fund losses.

Standard Chartered initiated coverage of Arbitrum (ARB) with a $10 price target by 2030, predicting a 66x gain from current levels. ARB rose 12.39% to $0.1513 despite a broader crypto market decline. The bank's analyst expects ARB to reach $0.50 this year and $3.50 by 2028, driven by revenue growth from chains like Robinhood Chain.

Standard Chartered predicts Arbitrum's ARB token could reach $10 by 2030, a 70-fold increase from current levels, driven by tokenization and revenue from networks like Robinhood Chain. The bank expects Arbitrum to generate $5M in September revenue, up from pre-July levels. Risks include slow tokenization and competition. ARB is currently at $0.14, up 86% in a month.