Bitcoin Halving Hype Already Priced In?

JPMorgan and Deutsche Bank both predict no major changes in Bitcoin's price after the halving event.

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Here's what we've got for you today:

  • JPMorgan, Deutsche Bank Expect No Rally for Bitcoin, Say Halving Priced In

  • Rising Bitcoin Transaction Fees Eclipse Ethereum Before Halving

  • DAO Acquires Rights to the Image Behind the Doge Meme

  • Legal Twist in OneCoin Case as Convicted Lawyer Mark Scott Gets Bail

Analysts from JPMorgan Chase & Co and Deutsche Bank AG say the upcoming halving is mostly priced in.

  • JPMorgan and Deutsche Bank both predict no major changes in Bitcoin's price after the halving event, as they believe the market has already accounted for its effects.

  • The banks expect the focus to shift towards Bitcoin mining, predicting consolidation among publicly-traded mining firms and the exit of unprofitable miners from the network.

  • Despite limited expected price volatility, Deutsche Bank still has a positive outlook on Bitcoin, especially considering potential positive catalysts like the anticipated approvals for Ethereum ETFs and changes in central bank interest rates.

Bitcoin transaction fees have surpassed Ethereum's for three consecutive days.

  • Between Apr. 15 and Apr. 17, Bitcoin miners earned more in transaction fees than Ethereum stakers.

  • On Apr. 17 alone, Bitcoin miners collected $7.47 million in fees, just a bit higher than the $7.31 million earned by Ethereum stakers.

  • Despite this temporary surge, Ethereum still led in average fees over the past week, with $8.55 million compared to Bitcoin's $7.57 million.

Own The Doge, a DAO linked to the Shiba Inu meme that inspired Dogecoin, announced that it secured the legal rights to the iconic image.

  • Own The Doge project leaders John Monarch and 'Tridog' secured a deal with the owner of Kabosu, the Shiba Inu dog famous for the Doge meme, securing exclusive licensing and rights for the image.

  • The agreement allows the group control over the Doge image's use in merchandise and other commercial applications in the crypto space.

  • Despite acquiring these rights, Tridog stated that the group does not plan on enforcing its copyright strictly, especially against users and brands that have already been using the image to promote the 'doing only good everyday' mantra.

Judge Edgardo Ramos believes Scott’s medical conditions and the non-violent nature of his crimes do not pose a flight risk or a danger to the community.

  • Mark Scott, a lawyer associated with the infamous OneCoin crypto scheme, has been granted bail pending appeal after his conviction for fraud and money laundering.

  • Scott, who was sentenced to 10 years in prison three months ago, will stay on bail due to his defense raising some serious doubts about the credibility of critical testimony from Konstantin Ignatov.

  • Konstantin Ignatov, who testified against Scott, is the brother of Ruja Ignatova, the fugitive co-founder of OneCoin.



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