Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[philipma1957]

nice I will be pouring that shot now

thank you buddy

[xhomerx10]

Russia’s Sberbank Plans to Launch Bitcoin and Crypto Custody Services

Sberbank, Russia’s largest lender, plans to offer custody services for cryptocurrency assets, aiming to lead the country’s digital asset infrastructure as demand for bitcoin and crypto services grows.

The move comes as Russia’s central bank has softened its stance on digital assets, recently supporting legislation that allows businesses to use bitcoin and crypto in international trade to bypass Western sanctions imposed on Russia over its conflict in Ukraine.

The executive director of Sberbank Anatoly Pronin said the bank has submitted proposals to the central bank regarding the regulation of bitcoin and crypto assets. He noted that more banks globally are starting to offer custody services, and Sberbank wants to ensure Russia isn’t left behind.

Pronin explained that the bank’s proposals would regulate bitcoin and crypto assets similarly to traditional bank accounts. Sberbank would act as a custodian, guaranteeing the security of tokens and providing safeguards against hacking and unauthorized access. Assets could also be frozen if law enforcement suspects illegal activity.

Custody services are essential for making bitcoin and crypto transactions safer. Gleb Zemskoy, director of blockchain and digital currency development at Insight Finance, emphasized the importance of local custody, saying, “The custodian is the backbone of the world’s economy in terms of cryptocurrencies. And at the moment, it is in the hands of private foreign companies, which indicates a huge risk.”

On June 2, the bank also launched a structured bond linked to the performance of Bitcoin and the USD-to-ruble exchange rate. The product allows qualified investors to earn returns based on BTC price movement and the dollar’s strength.

“All transactions are processed in rubles within Russia’s legal and infrastructure systems,” Sberbank stated.

https://bitcoinmagazine.com/news/russias-sberbank-plans-to-launch-bitcoin-and-crypto-custody-services

 That's good news for Bitcoin - the more hodlers the better.  As an aside, every time I saw the Sberbank name in the past I wondered if they had a rigorous enough name validation process or it was more like Homer Simpson's process when he named Bart... "Let's see... Bart, Cart, Dart, E-art... Nope! Can't see any problem with that!"  Anyway, I don't suppose they care what I think but...



 They probably should have gone with cбepeгaт бaнк instead - just my two sats.


 

[ChartBuddy]

Explanation
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[xhomerx10]

Homer's Word of the Day: pompatus

Pronunciation: /pɒmˈpætəs/ ("pomp-uh-tus") 

Part of Speech: Noun 

Definition: A playful, made-up term used to describe a mysterious, soulful, or charismatic attitude or phenomenon, often with a sense of irony or humor.
Example Sentence:

Due to the pompatus of weather, the Steve Miller Band has canceled their entire tour slated for 2025.

 Damn! I was hoping to be at one of those venues with my little brother.  They had so many great songs. 
He could have sold carbon offsets along with the tickets instead... jeez.

xcancel
 
 edit: been doing some research and I have a feeling it had more to do with ticket sales than weather... sometimes you go with your accountant's instincts.  Guess there aren't a lot of fans still alive.

[ChartBuddy]

Explanation
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[vapourminer]

that word: pompatus
guess what, thats my middle name
describes my life well

[philipma1957]

that word: pompatus
guess what, thats my middle name
describes my life well

my middle name is Maurice 

[kanftka]

ZOOM OUT

NEVER GIVE UP

[ChartBuddy]

Explanation
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[xhomerx10]

"Clocks" - a Coldplay Screenplay



 That's gonna leave a mark.

[ChartBuddy]

Explanation
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[Biodom]

Bitcoin is steady as it goes...the rest  of the market goes crazy.
Let them.
Still, who is the "big deal" in stablecoins that I cannot see?
I understand why politicos are excited: because those companies would buy Treasuries.

[ChartBuddy]

Explanation
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[philipma1957]

Steven Colbert is cancelled.

Long farewell May 2026.


https://www.yahoo.com/entertainment/articles/show-stephen-colbert-end-next-234550878.html

[Hueristic]

that word: pompatus
guess what, thats my middle name
describes my life well

my middle name is Maurice  

I speak of the pompatus of love.



https://www.youtube.com/watch?v=dV3AziKTBUo

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[JayJuanGee]

@CryptoJelleNL
Expansion comes in waves.
A little chop after an aggressive breakout is completely normal.

Expecting a new leg higher soon - targeting $130k.

https://x.com/cryptojellenl/status/1945748935177326959
Pretty much bang on the nose where I will start selling off 25% of my stash.
Ready!

For sure any of us can have dilemmas including dilemmas that are partially motivated by seeing what others are doing.  Surely I could not go as seeminly extreme as you LFC, yet I consider that maybe I could ramp up my sales higher.. but I am not sure if I can do it.   I have most of my sell orders established up to $500k-ish, and i even upped them a couple of times.. Yet, at the same time, I have still been having dilemmas because I am ONLY selling a few percent of my stash all the way up to $500k-ish.. .. maybe I moved up from 2% to 2.6%. .but that is probably too low.... ..

And sure 25% is not totally unreasonable, even though the range of the sales seems too low.. even though you mentioned that you would continue to sell beyond the 25% if the price keeps going up... which truly could end up happening, but we surely don't know either..... but lately you have been thinking about a shorter sell time.. like the top might come prior to October/November, and that might end up being correct, but I am not going to give up on the idea that the top could drag out longer into the first quarter or the second quarter of 2026.. even though that theory did not play out very well in the last cycle... but I will tentatively have that possibility in mind.

@CryptoJelleNL
Expansion comes in waves.
A little chop after an aggressive breakout is completely normal.

Expecting a new leg higher soon - targeting $130k.

https://x.com/cryptojellenl/status/1945748935177326959
Pretty much bang on the nose where I will start selling off 25% of my stash.
Ready!

you really had good intuition last cycle, if I remember correctly.  I was quite impressed with that shot of yours!

however, although I know absolutely nothing, 130k sounds just a tad low to me ...  but maybe that's just wishful thinking on my side..

Yeah but LFC is making something like 5 sales between $125k and $150k.. so it would not be all at once, and then he is going to continue to sell if it goes up further, presumptively smaller percentages of his stash.

Maybe not exactly what Philip suggested, but something in that ballpark:

[edited out]

Are you going to ladder sell it.
5%  AT 130
5% at 135
5% at 140
5% at 145
5% at 150
Good luck in the sales

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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