Bitcoin's delayed halving effect, lots more ETFs coming, money transmitting businesses? - Ep.98

Today’s Bitcoin news!

PRICE UPDATE:

Today Bitcoin continues its slow slide down (today hovering around $61-62k), which most analysts are describing as normal consolidation before the next leg up. The fundamentals are so strong with Bitcoin right now that it’s obvious that Bitcoin will be going MUCH higher over the next 18 months-ish.

Bitcoin closed down 4 weeks in a row and is on track for another red candle this week. The last time it did this was in the middle of the bear-market when it fell -42% in 9 weeks. Looks like consolidation to me. 🤔. POST: https://twitter.com/BTC_Archive/status/1784873734207127698

NEW: 🟠 91% of all #Bitcoin addresses are in profit 🙌. POST: https://twitter.com/btc/status/1785006336004046937

With declining transaction fees, miner revenue drops from 900 to 450 a day — delayed Halving effect. #Bitcoin. POST: https://primal.net/e/note1kgpyn6f75upgckmmnech0avv0egt6sk86d8dtrs2mlny24k4mgyqanpd3g

ADOPTION:

🚨 JUST IN: Morgan Stanley has filed with the SEC to get #Bitcoin ETF exposure for *12* of its funds. Soon to be sold by their 15,000+ brokers. POST: https://twitter.com/Julian__Fahrer/status/1784977959247544515

JUST IN: 🇭🇰 Hong Kong’s Bitcoin and Ethereum ETFs inflows expected to be up to US$300 million tomorrow on the first day. — far more than the $125m first-day issuance in the United States for #Bitcoin ETFs - WuBlockchain. POST: https://twitter.com/RadarHits/status/1784977061049774347

JUST IN: 🇦🇺 Australia to approve #Bitcoin ETFs year - Bloomberg. POST: https://twitter.com/BTC_Archive/status/1784871059788796267

MONEY TRANSMITTING BUSINESSES??:

JUST IN: The US’ response to the defense's motion for dismissal in the Tornado Cash case is out. It argues that a company doesn't need to "control" funds to be considered a money transmitter business. This development could have significant ramifications for the Samourai case. POST: https://primal.net/e/note1sy3fgdthmkjvezja07f3xldjcrd87xskljdwnthfawpqghur8n0sger6q8

Wasabi Wallet-Developer Blocks U.S. Citizens and Residents After Samourai Wallet Arrests. U.S citizens residing abroad are also banned from using the service. ARTICLE: https://www.coindesk.com/policy/2024/04/29/wasabi-wallet-developer-blocks-us-citizens-and-residents-after-samourai-wallet-arrests/

KEEP CALM AND HODL:

Samson Mow: Keep calm and HODL #Bitcoin. Everyone seems to be overreacting to the Samourai arrests, the FBI PSA, and Phoenix leaving the US. Here's my attempt to break it down. POST: https://primal.net/e/note13xrpfjjc39z8ky9y55r7w3jxfel8g47vhkd76k3m2lczxj4cn59skgcc5z

Subscribe to Fractal Bitcoin for your daily Bitcoin news!

…and share our channel with that one friend you have that would probably love quick Bitcoin news every day ;)

Join our Locals community (free) — https://fractalbitcoin.locals.com/

NEW FRIDAY LIVESTREAM:
The Bitcoin Panel
Fridays at 4:00 PM Eastern / 1:00 PM Pacific
LINK: https://www.fractalbitcoin.com/p/the-bitcoin-panel/