The crypto market is experiencing a downturn as Bitcoin (BTC), Ethereum (ETH), and XRP fall below critical support levels amid rising geopolitical tensions between Israel and Iran. Bitcoin trades at $105k, down 1.6% in 24 hours, with RSI indicating neutral sentiment. Ethereum has lost 2% daily and 8% weekly, now at $2,524, while XRP dropped 3% to $2.1. Analysts suggest Bitcoin could decline further to $103k or rebound to $108k, with long-term targets ranging from $1M to $73 for XRP. Market sentiment remains cautious, driven by geopolitical risks and declining trading volumes.
about Crypto Market Dips Amid Israel-Iran TensionsStandard Chartered
0 in Finance and 0 in Crypto last weekFold to Sell $250M Shares for Bitcoin Treasury Expansion
Fold has announced a $250 million stock sale to institutional investors, with proceeds primarily earmarked for expanding its Bitcoin treasury. The company currently holds 1,488 BTC ($155M) and joins over 130 public firms accumulating Bitcoin, following Michael Saylor’s strategy. Despite Bitcoin’s recent price dip (~$104.5K), corporate adoption continues rising—236 entities now hold BTC, up 13% monthly. MicroStrategy leads with 592,100 BTC ($64B), but Standard Chartered warns nearly half of non-crypto firms’ BTC treasuries would be underwater below $90K. Fold’s stock has dropped 60% YTD amid broader crypto market volatility.
about Fold to Sell $250M Shares for Bitcoin Treasury ExpansionOKX Launches Regulated Crypto Exchanges in Germany & Poland
OKX has officially launched regulated crypto exchanges in Germany and Poland, set to go live on June 17, 2025. The platforms will offer over 270 digital assets, including 60 euro trading pairs, with localized interfaces and SEPA support. The move aligns with strict EU regulations like MiCA and MiFID II, positioning OKX ahead of competitors still awaiting regulatory approval. The exchange also appointed regional managers to strengthen its presence in Central and Eastern Europe. However, OKX simultaneously announced the delisting of eight altcoin pairs, signaling strategic adjustments. Additionally, OKX has partnered with Standard Chartered for institutional collateral solutions and with Mastercard to launch a stablecoin-powered payment card, bridging TradFi and crypto.
about OKX Launches Regulated Crypto Exchanges in Germany & PolandCoinbase Warns of Systemic Risks from Corporate Bitcoin Dependence
Coinbase’s Head of Research, David Duong, has issued a stark warning about the systemic risks posed by publicly traded companies increasingly investing in Bitcoin. These firms, which now hold over 819,857 BTC collectively, could trigger a market-wide sell-off if Bitcoin’s price declines, forcing them to liquidate holdings to repay investors. While Coinbase remains confident in Bitcoin’s upward trajectory, Duong highlights the potential for destabilization if prices fall, leading to indiscriminate selling. The trend, driven by new accounting rules allowing unrealized crypto gains, has seen companies like Tesla and GameStop invest billions. Analysts, including those from Standard Chartered, echo concerns, predicting severe consequences if BTC drops below $90,000.
about Coinbase Warns of Systemic Risks from Corporate Bitcoin DependenceFranklin Templeton Launches Intraday Yield on Benji
Franklin Templeton’s new ‘intraday yield’ feature on the Benji platform allows investors to earn returns on tokenized securities with calculations made down to the second, even for partial-day holdings. Initially launching on the Stellar network, the feature will later expand to other blockchains. This innovation enhances the growing tokenized asset market, which Standard Chartered estimates could reach $30 trillion by 2030. The platform also supports wallet-to-wallet transfers and stablecoin purchases for tokenized securities. Franklin Templeton’s move reflects broader blockchain adoption in traditional finance, with potential for institutional use as a white-label solution.
about Franklin Templeton Launches Intraday Yield on BenjiNvidia Expands AI Footprint in UK with Training & Sandbox
Nvidia is making significant moves to strengthen the UK’s AI ecosystem, including plans to train 100,000 developers by 2030 and launch an AI fintech sandbox with the FCA in 2025. CEO Jensen Huang highlighted the UK’s talent but stressed the need for better infrastructure, prompting Nvidia to invest heavily. The company is also forming the UK Sovereign AI forum with industry giants and deploying Blackwell GPUs through cloud providers. However, concerns linger over AI’s massive energy demands, with projections suggesting it could match the UK’s total data center power consumption by 2025. Nvidia’s shift from crypto to AI underscores its long-term commitment to the sector.
about Nvidia Expands AI Footprint in UK with Training & SandboxBitcoin Rebounds Above $110K on ETF Inflows & Institutional Demand
Bitcoin (BTC) reclaimed the $110,000 level on June 9, recovering from last week’s selloff as institutional and corporate buyers drove demand via spot Bitcoin ETFs. Strong inflows of over $11 billion into US-based crypto ETFs, declining exchange reserves, and fresh corporate accumulation—including a 1,045 BTC purchase by an unnamed firm—supported the rally. Macro factors, such as easing US-China tensions and momentum toward a US Bitcoin reserve, further boosted sentiment. While volatility persists, the breakout could propel BTC toward $115,000–$120,000 if conditions remain favorable. Altcoins like Ethereum and Solana also posted gains, though risks of sharp reversals remain amid potential ETF outflows or geopolitical shocks.
about Bitcoin Rebounds Above $110K on ETF Inflows & Institutional DemandEthereum’s $2,392 Level: A Key Psychological Threshold
Ethereum’s price stability above $2,500 is crucial as it keeps major holder groups like OKX users and active addresses in profit. However, a dip below $2,500 could push many into unrealized losses, potentially sparking widespread selling, especially from Binance users—the largest ETH holders among centralized exchanges. The $2,392 level, identified as the realized price for Binance deposits, acts as a psychological checkpoint; ETH recently bounced off this level, suggesting reluctance to sell at a loss. Meanwhile, Standard Chartered predicts Ethereum will outperform Solana by 2025, citing stronger fundamentals. The market’s sideways movement indicates anticipation, with the $2,392 threshold serving as a key indicator of future price action.
about Ethereum's $2,392 Level: A Key Psychological ThresholdTrump’s Fed Chair Shake-Up Sparks Bitcoin Volatility
President Donald Trump’s recent comments about potentially replacing Federal Reserve Chair Jerome Powell have stirred financial markets, causing immediate reactions in both traditional assets and cryptocurrencies. Bitcoin surged 1.5% as investors viewed it as a hedge against inflation and policy uncertainty. Analysts warn that removing Powell prematurely could lead to legal challenges and global financial tension, while a more dovish Fed Chair might ease financial conditions and boost crypto markets. The U.S. Dollar Index has already shown sensitivity to Trump’s remarks, with Bitcoin gaining when confidence in the Fed wanes. Meanwhile, Trump’s broader financial moves, including a $12 billion securities filing by Trump Media, could further impact crypto markets.
about Trump's Fed Chair Shake-Up Sparks Bitcoin VolatilityDeutsche Bank Explores Stablecoins & Tokenized Deposits
Deutsche Bank is actively considering issuing its own stablecoin or joining an industry-wide initiative to modernize digital payments through tokenized deposits. This shift marks a strategic pivot toward blockchain adoption, driven by the growing relevance of digital assets. The bank is also collaborating with Singaporean AI firm finaXai on Project DAMA 2, aiming to revolutionize digital asset management. Additionally, Deutsche Bank is re-evaluating its stance on the US crypto market, spurred by potential regulatory easing under the Trump administration. The bank has even likened Bitcoin to ‘digital gold,’ highlighting its potential as a strategic reserve asset. These developments reflect a broader trend among traditional banks, such as JPMorgan Chase, embracing crypto in mainstream finance.
about Deutsche Bank Explores Stablecoins & Tokenized DepositsBluebird Mining to Invest Gold Revenue in Bitcoin
Bluebird Mining Ventures Ltd. has revealed its strategy to diversify its treasury by investing a portion of its gold mining revenue into Bitcoin (BTC). The interim CEO, Aidan Bishop, emphasized that this decision aligns with Bitcoin’s growing role as a store of value, driven by geopolitical tensions and global debt concerns. The company is actively searching for a new CEO with digital asset experience to oversee this transition, citing potential benefits such as increased investor interest and premiums to Net Asset Value (NAV). This move follows trends set by firms like MicroStrategy and Metaplanet, though Meta recently rejected a similar proposal. Bluebird’s shift highlights the evolving intersection of traditional mining and cryptocurrency investments.
about Bluebird Mining to Invest Gold Revenue in BitcoinEthereum Surges on ETF Inflows & Corporate Treasuries
Ethereum (ETH) has surged unexpectedly, maintaining levels above $2.6k despite fading momentum. Key drivers include continuous inflows into spot ETH ETFs, with BlackRock and Fidelity collectively recording $78 million in inflows as of June 2, totaling $3.12 billion since inception. Corporate adoption is also boosting ETH, with Nasdaq-listed BioNexus Gene Labs and SharpLink Gaming announcing ETH treasury plans, citing its credibility and staking yields. Additionally, declining centralized exchange reserves (down 7% YTD to 18.32 million ETH) suggest reduced selling pressure, creating a bullish scenario. Analysts predict a breakout above $2,700 could push ETH to $3,000 short-term, with Standard Chartered revising long-term targets to $4,000.
about Ethereum Surges on ETF Inflows & Corporate Treasuries