Standard Chartered Bank Says "Crypto Winter is Over," Three Major Market Suppression Factors Simultaneously Alleviated
June 15 — Geoff Kendrick, Digital Asset Research Director at Standard Chartered Bank, wrote in a recent report that Bitcoin fell to roughly $59,000 in early June, hitting the bottom of its current cycle, and declaring, “the crypto winter is over, with the market now entering a crypto spring phase.”
The institution has set a year-end price target of $100,000 for Bitcoin and expects Ethereum to outperform Bitcoin over this ongoing uptrend cycle.
The report identifies three major factors that previously weighed on the crypto market, all of which are easing simultaneously: liquidity pressure from SpaceX’s initial public offering (IPO), geopolitical risk premiums tied to U.S.-Iran tensions, and persistent outflows from exchange-traded funds (ETFs).
Specifically, market liquidity is expected to ease now that SpaceX’s listing is complete; an emerging peace framework between the U.S. and Iran is pushing oil prices lower; and Bitcoin ETFs are showing signs of inflows after weeks of consecuti
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Broadcom Teams Up with Private Equity Giant to Bet on AI Computing Power, $35 Billion Platform Hides Credit Default Swap
June 15. Semiconductor powerhouse Broadcom has partnered with Apollo and Blackstone to launch the AI XPV Platform, with an initial $35 billion scale and a first-phase deployment of 1 gigawatt of computing power. The platform will operate out of a Fluidstack-run data center, targeting to deliver over 20 gigawatts of compute capacity to leading AI labs like Anthropic and OpenAI by 2028.
On the surface, this may look like a standard private equity infrastructure deal backed by Apollo and Blackstone to scale Anthropic’s computing resources. But The Information reveals Broadcom is taking on extraordinary risk behind the scenes: the chip giant has agreed to backstop the residual value of the chips. If Anthropic defaults and the chips are sold at a discount, Broadcom will cover the shortfall for senior noteholders. That makes the deal’s risk profile far steeper than a typical lease—Broadcom is essentially using its own credit to underwrite Anthropic’s compute power commitment.
This push boo
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Key Issues Highlighted in SpaceX’s IPO: Market Focuses on Valuation, Musk's Ecosystem Integration, and AI IPO Cadence
On June 15, after SpaceX completed its initial public offering (IPO) and saw its stock price jump roughly 20% on the first day of trading, the market has kicked off discussions about the company’s long-term outlook as a public entity, focusing on three core questions.
The first is whether SpaceX can sustain its impressive post-IPO momentum. Though some investors hold a long-term positive view of the company, its $2 trillion valuation, combined with a staged share lock-up period, has sparked concerns about near-term liquidity and potential selling pressure—key variables to watch.
The second is the potential integration of Elon Musk’s broader corporate ecosystem. The market is debating whether SpaceX will form tighter financial or operational ties to Musk’s other major assets, such as Tesla. Analysts, however, point out that large-scale cross-asset integration would likely trigger regulatory scrutiny and could also fuel investor anxiety over the clarity of SpaceX’s business narrative.
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Cross-Border Payment App El Dorado Completes $9 Million Series A Funding Round, Led by Paradigm
Latin American cross-border payment app El Dorado closed a $9 million Series A funding round on June 15, with Paradigm leading the investment. Coinbase Ventures and Verda Ventures also joined the round as participants.
Focused on solving the inefficiency and high costs plaguing Latin America’s cross-border payment space, El Dorado operates across 12 countries including Argentina, Brazil, and Colombia. The platform currently has over 100,000 active users and has processed more than 5 million transactions to date.
The fintech has expanded its offerings to include enterprise payment services, supporting cross-border trade and corporate fund flows by integrating stablecoins and fiat settlement systems into a unified payment architecture.
With the new funding, El Dorado will launch an enterprise payment product built on the Tempo Layer 1 blockchain—a network co-incubated by Paradigm and Stripe. This network is designed to provide global enterprises with cross-border settlement capa
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Strategy Bitcoin Holding Loss Narrows to $7.979 billion, Bitmine Loss at $9.327 billion
June 15 – Per EmberCN’s monitoring, here are last week’s largest treasury purchases of Bitcoin and Ethereum:
- Bitcoin treasury firm Strategy (NASDAQ: MSTR) bought roughly 1,587 BTC worth $100 million last week at an average price of $63,024 per BTC. The company now holds a total of 846,842 BTC, valued at $56.09 billion, with an average cost of $75,656 per BTC. It is currently facing an unrealized loss of $7.979 billion, a 12.4% drop from its average cost basis.
- Ethereum treasury firm BitMNR (ticker: BMNR) purchased about 76,881 ETH for $12.9 million last week at an average of $1,681 per ETH. Its current holdings stand at 5,620,754 ETH, worth $9.909 billion, with an average cost of $3,422 per ETH. The unrealized loss here totals $9.327 billion, a 48.5% decline.
Separately, Bitmine is approximately 400,000 ETH short of its target of holding 5% of all Ethereum in circulation. At its current purchasing pace, the firm is on track to hit that goal next month.
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