🗣 #BTC Bybit: Assuming inflows into Bitcoin #ETF continue, BTC supply on exchanges will dry up in nine months due to the upcoming halving.
With only 2 million BTC remaining, if we assume daily inflows into the Bitcoin spot ETFs to be $500 million, the equivalent of approximately 7,142 BTC would leave foreign exchange reserves daily, meaning it would only take nine months to use up all remaining reserves. With this in mind, it is not surprising that the price of BTC could continue to rise leading up to the halving or even after it, as the dwindling supply pushes the price to yet another new record.
CQ: BTC reserves on centralized exchanges fell to a nearly three-year low of 1.94 million BTC
With only 2 million BTC remaining, if we assume daily inflows into the Bitcoin spot ETFs to be $500 million, the equivalent of approximately 7,142 BTC would leave foreign exchange reserves daily, meaning it would only take nine months to use up all remaining reserves. With this in mind, it is not surprising that the price of BTC could continue to rise leading up to the halving or even after it, as the dwindling supply pushes the price to yet another new record.
CQ: BTC reserves on centralized exchanges fell to a nearly three-year low of 1.94 million BTC
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👀 Memeland launches social staking protocol Stakeland, which can stake MEME and other assets to receive tokens from new projects. twitter.com
🥳 #MEME Memeland presented the first project on Stakeland - Runecoin. twitter
🙅♂🖼 #NFT Under PayPal's new policy, effective May 20, all NFT purchases and some sales will no longer be supported by the company's buyer and seller protection programs. the block
📊 #BTC Whalemap: At 70 thousand we had euphoria. We had smart money taking profits. We have formed a consolidation range. Now we are at a minimum.
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💰🤖 #AI Andreessen Horowitz (a16z) plans to raise $6.9 billion in new funds, a significant portion of which will be allocated to AI initiatives. benzinga
💰👀 Andreessen Horowitz (a16z) raised $7.2 billion. bloomberg
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🌪⚖ #TORN Coin Center, Blockchain Association and DeFi Education Fund filed amicus briefs in the case of Tornado Cash developer Roman Storm. the block
🌪⚖ #TORN Coinbase Lawyer: Immutable open source software code is not property, which creates a real problem for the Treasury since it is only authorized to regulate “property” in which the foreign national has an interest.
📝👀 Safe revealed tokenomics #SAFE: The maximum number of tokens is 1 billion, and 5% will be allocated to users.