
'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.
327 stories about Investing from across the crypto press, curated and summarized daily. Most recent: Sep 6, 2026.

Standard Chartered analyst Geoff Kendrick suggests the crypto market has hit its lowest point following Bitcoin's recent drop below $60,000.

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.

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.

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.

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.

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.

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.

BTC finished the week up 1.6%, while L2s, RWAs and the treasury trade continued to grind lower. DePIN and crypto gaming sectors showed strong rebounds.

BlackRock's IBIT and Fidelity's FBTC are attracting the vast majority of new bitcoin ETF money, leaving smaller funds increasingly sidelined as institutional investors consolidate around the industry's largest players.

Traditional asset manager Janus Henderson has invested in Ethena and plans to distribute its stablecoin, USDe. This follows a trend of big finance firms embracing decentralized finance (DeFi) infrastructure.

Zcash's value surged by $2.5 billion after its developers announced a fix to address concerns about its coin supply. The upgrade aims to restore confidence in the privacy-focused cryptocurrency.

The UK's Financial Conduct Authority (FCA) is exploring allowing retail funds to allocate up to 10% of their portfolios to crypto assets. This move could make crypto investments more accessible to everyday investors, aligning with disclosed investment objectives.

Strategy (MSTR) has resumed its Bitcoin accumulation, purchasing 1,550 BTC worth $101 million. This brings its total holdings to 845,256 BTC, signaling renewed confidence in Bitcoin after a rare sell-off.

Crypto exchange Bybit is offering tokenized shares of U.S. IPOs, starting with SpaceX. This move gives retail investors direct access to IPOs at official prices, cutting out traditional underwriters. Bybit is leveraging blockchain technology to democratize access to high-profile initial public offerings.

Bitcoin surged after President Trump's reelection, pushing to new highs deep into 2025. Now it's down more than 50% from that peak, trading below where it was before the rally began.

Abra’s CEO Bill Barhydt believes tokenized yield products and onchain lending will be the next big thing in crypto wealth management. This comes as Abra prepares for its Nasdaq debut, signaling growing institutional interest in the space.

Yan Liberman argues that judging crypto projects like Venice by traditional value accrual metrics is premature. He highlights Hyperliquid as an example of a project with a strong business model.

Standard Chartered's Geoff Kendrick argues Bitcoin's sharp decline—driven by Strategy's surprise sale, ETF outflows, and liquidations—may be nearing a bottom.

Michael Saylor argued the bitcoin selloff reflects a broader capital rotation into AI infrastructure rather than weakening fundamentals for Bitcoin.

Bitcoin's price has fallen below the 'Basically a Fire Sale!' level on the Bitcoin Rainbow Chart, a rare event that last happened during the FTX collapse. The Fear and Greed Index has also dropped to 12, indicating extreme fear in the market.

Bitcoin's recent price drop is testing the belief that institutions are steadily adopting it. Anthony Pompliano argues this is normal market behavior as Bitcoin matures into a mainstream financial asset.