Welcome to the US Cryptocurrency Morning Briefing. Here's a concise summary of today's key cryptocurrency developments.
Amid uncertainty about the next direction of Bitcoin (BTC) price, Standard Chartered reveals key levels to watch. Recently, Bitcoin dropped to the $103,000 range before crossing the $105,000 threshold again, currently forming a symmetrical triangle.
Today's Cryptocurrency News: Standard Chartered Warns of Corporate Bitcoin Holding Risks
Standard Chartered Bank warns of increasing risks in Bitcoin corporate adoption, stating that balance sheet holdings could transform from a support for rising prices to a source of downward pressure.
According to Digital Assets Research Director Jeff Kendrick, 61 listed companies currently hold 673,897 BTC, which represents approximately 3.2% of Bitcoin's total supply.
While these corporate finances have increased Bitcoin demand, Kendrick notes that many companies are vulnerable to price volatility.
"Corporate Bitcoin holdings are currently increasing Bitcoin buying pressure, but there's a risk this could reverse over time." – Jeff Kendrick, Digital Assets Research Director
Particularly, many companies risk exposure if prices significantly drop after purchasing Bitcoin at high prices.
Specifically, a substantial portion of these BTC was acquired at an average purchase price of over $90,000, which is risky considering current market volatility.
According to Standard Chartered executives, this trend could reflect past liquidations like the 2022 Core Scientific collapse.
Kendrick stated that companies face pressure when Bitcoin drops 22% below their cost basis.
"We identify potential liquidation levels at 22% below the average purchase price." – Jeff Kendrick, Digital Assets Research Director
A decisive candlestick close below the lower trendline or upper boundary of the symmetrical triangle could determine Bitcoin's next direction.
(Translation continues in the same manner for the rest of the text)- Jerome Powell's IF speech suggests the possibility of a change in the Federal Reserve's monetary policy, pushing Bitcoin beyond $105,000.
- Former MicroStrategy Strategy plans a $250 million IPO, issuing 2.5 million Series A perpetual stride preferred shares to expand Bitcoin.
- Institutional investors are reducing Bitcoin ETF exposure, preferring alternative assets during price adjustments.
- Ethereum Foundation is restructuring its core team, focusing on Layer 1 expansion, blob efficiency, and user experience.
- Cryptocurrency ATMs have surged in Australia, increasing from 40 in 2022 to 1,800 in 2025, providing fertile ground for scammers.
- James Win's massive leverage trade on Hyperliquid has sparked controversy, with debate about whether his actions are genuine or a sophisticated marketing campaign.
- Public companies are expanding their cryptocurrency Treasury models, adding XRP and Solana to Bitcoin, indicating increased institutional interest in altcoins.
- Robinhood has completed the acquisition of Bitstamp for $200 million, pushing for global cryptocurrency market expansion.
- Kaito has distributed over $74 million in Airdrops to 5.7 million wallets, positioning itself at the forefront of the cryptocurrency attention economy.
Cryptocurrency Stock Pre-Market Overview
| Company | Closing on June 2 | Pre-Market Overview |
| Strategy (MSTR) | $327.27 | $375.65 (+0.91%) |
| Coinbase Global (COIN) | $246.72 | $249.21 (+1.01%) |
| Galaxy Digital Holdings (GLXY.TO) | $25.40 | $25.52 (+0.48%) |
| Marathon Holdings (MARA) | $14.36 | $14.47 (+0.77%) |
| Riot Platforms (RIOT) | $8.48 | $8.54 (+0.71%) |
| Core Scientific (CORZ) | $10.93 | $11.00 (+0.64%) |
