
'Winter Is Over': Standard Chartered Calls Crypto Bottom as Bitcoin Recovers From $60K Fall
Standard Chartered analyst Geoff Kendrick suggests the crypto market has hit its lowest point following Bitcoin's recent drop below $60,000.
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Standard Chartered analyst Geoff Kendrick suggests the crypto market has hit its lowest point following Bitcoin's recent drop below $60,000.

Hungary is reversing its restrictive crypto laws, moving to decriminalize Bitcoin and cryptocurrency trading and eliminating penalties that had driven major digital asset firms out of the country.

Federal prosecutors charged two Eastern European nationals with operating AudiA6, a cryptocurrency mixing service and cybercrime platform that allegedly laundered nearly $400 million in bitcoin.

Avalanche Treasury shares fell sharply on their first day of trading after a $675 million merger. The company plans to acquire over $1 billion in AVAX tokens over time to support ecosystem growth.

Metaplanet is acquiring Siiibo Securities for $13 million to develop bitcoin-linked yield products. The deal is expected to close in July, and the company plans to rename the business Metaplanet Securities.

SpaceX now holds 18,712 BTC, worth about $1.29 billion, making it the eighth-largest corporate Bitcoin holder. The company's Bitcoin holdings were revealed as it begins trading on the Nasdaq under the ticker SPCX.

BlackRock has filed an 8-A form for its yield-bearing Bitcoin ETF, signaling an imminent launch. Analysts expect trading to begin as early as next week, marking a significant milestone for crypto investment products.

A new analysis from ChainQuery reveals that 25.3% of all Bitcoin is stored at addresses where the public key has been exposed, making those funds potentially vulnerable to future quantum computing attacks. The risk is not immediate but highlights a significant security consideration for long-term holders.

BitGo launched Lightning Earn, enabling institutional bitcoin holders to earn BTC-denominated fees by providing Lightning Network liquidity through an integration with Amboss Rails.

El Salvador has eliminated capital gains tax on Bitcoin and all taxes on foreign income, positioning itself as a tax haven for crypto investors and entrepreneurs. The reforms include no wealth or inheritance taxes, plus incentives for tech businesses.

Coinbase has introduced a new product that enables AI agents to trade cryptocurrencies and make payments on behalf of users, with user-defined limits and parameters.

Metaplanet has bought Siiibo Securities for $13 million to create Bitcoin yield products, targeting Japan's massive $7.4 trillion household savings market. This move comes as Japan transitions from a deflationary to an inflationary economy.

Onchain sleuth ZachXBT traced $120 million in suspicious funds across exchanges, instant swap services, and other blockchains. Tether later froze $72 million in USDT linked to the activity, as Monero's price jumped to $438.

A Reuters investigation reveals how the Trump family's crypto ventures prioritize personal gain over investor returns, highlighting a pattern of self-dealing and questionable partnerships.

Coinbase's quantum advisory council urges immediate action to protect Bitcoin from future quantum computing threats. Developers must start migrating to post-quantum cryptography now to avoid potential vulnerabilities. The biggest challenge will be addressing abandoned and vulnerable coins.

1. OVERNIGHT MOVES

Crypto analyst Tom Anderson is optimistic about $POD, citing a 5x annual growth in AI inference and OpenRouter's token usage surge. He believes smaller models will capture more market share, making $POD an attractive investment.

Visa said stablecoins are reshaping the back end of commerce as it unveiled new AI tools, tokenization features, and a partnership with OpenAI.

The rise of advanced AI models is causing a spike in DeFi hacks, according to Immunefi CEO Mitchell Amador. These tools are making it easier for attackers to exploit vulnerabilities in crypto projects.

Japan’s Lower House reportedly passed a bill that would bring crypto under the country’s financial instruments framework, potentially opening the door to ETFs and lower tax treatment.

Ondo Finance has hired John Hoffman, former Invesco ETF chief, to lead its push into onchain investment portfolios. This move signals a shift from tokenizing individual assets to offering full investment strategies on the blockchain.

Citi is using blockchain to offer tokenized digital depositary receipts representing equity in private companies, making it easier for investors to access these markets. This move could democratize private equity investments, which have traditionally been limited to wealthy individuals and institutions.

A developer of the Canton Network, a blockchain designed for big banks and institutions, has raised $355 million. This follows similar funding rounds for Stripe's Tempo and Circle's Arc, indicating growing interest in institutional crypto solutions.

Hungary is set to remove jail terms for crypto trading, reversing strict laws from Viktor Orban's government. This change could bring platforms like Revolut back to the country and boost crypto adoption.