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Standard Chartered declares "the crypto winter is over" with Bitcoin cycle lows possibly at $59,000, Nakamoto Inc. sells 600 BTC to repay $45 million and buy back $25 million in stock

According to BBX data, last week institutional research qualitatively shifted historically, with Bitcoin reserve companies accelerating deleveraging. The core dynamics are as follows:Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered PLC (LSE: $STAN), released a research report on June 12, officially declaring that "the crypto winter is likely over." He believes that the $59,000 level for Bitcoin has formed the low point of this bear market cycle, marking a significant turning point in market sentiment. Kendrick stated that a large amount of IPO allocation funds will flow back into risk assets after the SpaceX IPO, and the funding flow for Bitcoin spot ETFs is expected to achieve a structural reversal after this adjustment, combined with the continuous expansion of corporate reserve demand, supporting his view with three factors. This is the strongest "bear end" qualitative statement from institutional research so far in 2026— the last similar clear statement came from the same team at Standard Chartered in December 2023, after which Bitcoin confirmed a breakthrough of historical highs in 2024.Nakamoto Inc. (NASDAQ: $NAKA) (Nashville, a Bitcoin operating company, also operating Bitcoin Magazine) disclosed a series of balance sheet optimization measures through an official press release on BusinessWire on June 11: selling approximately 600 BTC and Bitcoin-related derivatives, netting about $48 million, to repay a $45 million loan to Kraken (Payward Interactive); the remaining loan balance is $165 million USDT (down from the original $210 million), restructured under new terms: $60 million USDT maturing on December 4, 2026, and $105 million USDT extended to June 30, 2027; the new interest rate is reduced to 7.75% (previously 8%), requiring the maintenance of 2,000 BTC as collateral in a Bitwise Asset Management custodial account, saving approximately $4 million in annual financing costs; the board also approved a $25 million stock repurchase plan (as of December 31, 2026). After the transaction, the company holds approximately 4,467 BTC (approximately $284 million, estimated at recent prices); the company previously completed a 1-for-40 reverse stock split at the end of May and received confirmation from Nasdaq on June 9 that it has restored compliance with the minimum $1 share price requirement; after the news was announced, $NAKA briefly rose about 20% during trading.

After 14 years, Bitcoin addresses from the Satoshi Nakamoto era have shown activity, and some dormant wallets may still be controlled by their original owners

According to CoinDesk, an address from the "Satoshi era" that has never been used since March 2011, holding 35.55 bitcoins (approximately $2.54 million), made a transfer this week, which is seen as one of the first publicly visible responses from defendants in a lawsuit involving approximately 3.8 million bitcoins (valued at about $285 billion) in New York.On-chain data shows that the address transferred 15 BTC to a new address on June 2, keeping the remaining 20.55 BTC as change. The address initially received bitcoins on March 27, 2011, when the price of BTC was less than $1.In March of this year, a plaintiff using the pseudonym "Noah Doe" filed a lawsuit in New York state court alongside two LLCs from Wyoming, attempting to claim ownership of approximately 3.8 million long-dormant bitcoin wallets under New York's lost property law, positioning themselves as the "discoverer." The court approved sending on-chain notifications to the relevant wallets via the bitcoin OP_RETURN field.In July 2025, the advisory firm Salomon Brothers Strategic Advisors sent dust transactions with links to legal notices to 39,000 wallets, including the aforementioned address, requesting holders to prove ownership within 90 days.Alex Thorn, head of research at Galaxy Research, pointed out that the address corresponds to defendant number 38215 in the case, stating, "Clearly, these bitcoins have not actually been abandoned."Additionally, another address that had been dormant for 15 years, 1CDSyXAQxro4FPUoqAQb81642ruqDsUiNp, also transferred 20 BTC (approximately $1.48 million) on the same day, but this address did not appear on Noah Doe's list of lawsuits.Analysis suggests that the on-chain movements mentioned above indicate that some bitcoins from the Satoshi era, considered "abandoned assets," are actually still under the control of the original holders.

The New York court has accepted the case of "Claiming dormant addresses of Satoshi Nakamoto and others for Bitcoin," with a total value of 274 billion dollars

Galaxy stated that in March this year, the New York State Supreme Court quietly accepted a lawsuit aimed at confirming the ownership of over 3.7 million bitcoins (approximately $27.4 billion) associated with 39,069 bitcoin addresses, including addresses belonging to bitcoin founder Satoshi Nakamoto (a total of 21,744 addresses holding 1.09 million bitcoins, valued at $83.7 billion at current prices).The plaintiffs are Noah Doe (a pseudonym) and two unnamed limited liability companies from Wyoming. Noah Doe requests the New York State Supreme Court to declare their ownership of these dormant addresses through a declaratory judgment action under New York State's lost property law (Section 7-B of the Personal Property Law) as per the New York Civil Practice Law and Rules Section 3001.In short, they are trying to have the New York court rule that the bitcoins of bitcoin founder Satoshi Nakamoto (and many other lost address bitcoins) belong to lost property, and they claim the right to legally own them because they "found" these cryptocurrencies. From June 30 to July 10, 2025, they sent "abandonment notices" via OP_RETURN to each found address. However, even if they win completely, they will only receive a court statement; they will not obtain any private keys and will not be able to transfer any bitcoins from these addresses.But Galaxy indicated that the real value of the New York ruling lies in its potential to serve as a "title defect." If these bitcoins appear in any regulated venue, the plaintiff Noah Doe can use this document to raise objections with exchanges or custodians.

Superfortune: The leakage of the attacker's private key rather than address poisoning is not the work of an insider

Superfortune, incubated by Manta, recently released an update on the X platform regarding a security incident, stating that the attack was not carried out by internal personnel and that no team members were involved. The claim about the team secretly selling tokens is incorrect. The team has also not had any contact with Web3Port.The investigation confirmed that the attack was not due to address poisoning, but rather a leak of the signer's private key. The attacker independently held the private key and submitted a transaction with a forged address 43 minutes after the correct transaction. The forged address shares the first and last four characters with the correct address (starting with 0x70AE and ending with 5C15) to disguise itself in the Safe interface preview. The stolen funds are fully traceable and are currently stored in three cold wallets on Ethereum, containing approximately 2784 ETH, along with about 170,000 USDT that were cross-chain transferred out.The attacker also created a large number of counterfeit addresses and sent false transfer events to these addresses using Unicode-forged token symbols in an attempt to confuse tracking. This counterfeit address construction technique is the same as the method used when attacking this project. The attacker had pre-built a large-scale infrastructure, indicating that this was an industrialized operation rather than an opportunistic attack.
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