As bitcoin extends a decline, Standard Chartered has raised a renewed case that prices may be near a bottom. Digital assets research head Geoffrey Kendrick said holdings in spot bitcoin exchange-traded funds are supporting the downside and that Strategy’s sale of 32 bitcoin could be followed by a larger repurchase. He cited a 2022 precedent and said confirmation of buying could be a tentative signal a bottom is forming. Investors also watched Mt. Gox transfers.

Criteria for choosing a crypto exchange are shifting from trading volume, brand awareness and aggressive marketing to disclosed reserves, regulatory compliance and custody structure, DigitalToday reported. On June 1, Cryptopolitan selected ChangeNOW, Coinbase, Kraken, Gemini and Bitstamp as the most trustworthy exchanges this year, saying trust in 2026 comes from verifiable structure. It cited exchange collapses and hacks as drivers of the change and highlighted proof of reserves and asset storage methods.