BTC Daily Intelligence Bulletin (DIB) Block: 851,541 DTG/ICOD: 1200Z 10Jul24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Biden Kicks Off NATO Meeting in DC / Gaza City Bombarded / China, Russian Ships in Philippine Sea / Carjacker Shot Trying to Take Justice Sotomayor Detail Car / Former Sen. Inhofe Passes / VP Harris on Campaign Trail / Nigeria Continues Crypto Crackdown / Sen. Blackburn Now Takes Bitcoin / Microsoft, Apple Pull Out of OpenAI Board / Largest Password Leak in History Market Data: Price: 1 BTC= $58,481, 24.59 oz Gold, .14 Median US House 24hr Hi: $59,416 / Lo: $57,014 Vol: $27B (Down 11%) Mkt Cap: $1.15T (Up 2%) HashRate: 526 EH/s Avg Fee Rate: 9 sats/vBtye (Up 80%) Nodes: 19,257 ---Reports--- -International Events- 1. Biden pledges air defenses for Ukraine as NATO summit begins: US President Joe Biden has pledged to provide Ukraine with five new strategic air defense systems to counter relentless Russian attacks, in a forceful speech welcoming NATO leaders to Washington DC. Leaders from the 32 member countries are converging on the US capital for the summit. Joining them is the UK's new Prime Minister Sir Keir Starmer. (BBC) 2. Airstrike kills 25 in southern Gaza as Israeli assault on Gaza City shuts down medical facilities: An Israeli airstrike on a school-turned-shelter in southern Gaza killed at least 25 Palestinians on Tuesday, as heavy bombardment in the north forced the closure of medical facilities in Gaza City and sent thousands fleeing in search of increasingly elusive refuge. (AP) 3. Chinese Carrier Strike Group Operating in Philippine Sea: China’s People’s Liberation Army Navy Shandong Carrier Strike Group is now operating in the Philippine Sea, marking the first time this year that the aircraft carrier has deployed outside of the South China Sea. A joint PLAN-Russian Navy patrol is also currently operating in the Philippine Sea, while Russia also dispatched two corvettes on Monday for an Indo-Pacific deployment. (USNI) (AC-Both China and Russia are operating near Philippine waters and in the middle of the Guam-Okinawa-Philippine area of operations. The message is clear that the alliance is strong in opposition to US-Japan-Philippine alliances.) -US Events- 1. Would-be carjacker targets Supreme Court Justice Sotomayor security detail officer, suspect shot: Two Deputy U.S. Marshals were on-duty working a protective detail on the 2100 block of 11th Street NW around 1:15 a.m. when Kentrell Flowers, 18, exited a silver minivan and approached one of the unmarked Marshal’s vehicles. Flowers pointed a handgun at the Deputy U.S. Marshal through the driver-side window in an apparent attempt to carjack him, according to police. The Deputy Marshal pulled out his service firearm and fired approximately four times at Flowers through the window, according to a police criminal complaint. A second Marshal from another vehicle also responded and fired his service weapon. (Fox) 2. Former Oklahoma Republican Sen. James M. Inhofe died Tuesday at the age of 89: New York Times, Politico, others criticized for 'offensive' obituaries on deceased former GOP senator. The New York Times, Associated Press, Politico and the Huffington Post all ran headlines critical of former Sen. James M. Inhofe when news of his death broke, all calling him a 'climate change denier' in the headline. (Fox) 3. Harris hits the campaign trail as Biden tries to quiet his critics: Harris, speaking at a campaign event in Las Vegas, laid out the Democratic case against Trump as a tarnished candidate who will adopt far-right policies outlined in the Project 2025 blueprint drafted by his allies. (Politico) -Regulatory and Legal- 1. Nigeria’s Finance Minister Urges SEC to Tackle Challenges in Regulating Cryptocurrency: The Nigerian Finance Minister, Wale Edun, has urged the newly inaugurated board of the country’s Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies. He emphasized the need for stringent oversight to maintain market integrity in the capital market. Edun also highlighted the importance of staying informed and adaptable, especially in fast-evolving areas like artificial intelligence, digital currency, and overall digital transitions. (BitcoinCom) (AC-Nigeria will not let up on Bitcoin and crypto. They obviously see it as an existential threat to government control and grift.) -Central Bank Digital Currencies- 1. Bahamas to force banks to support its CBDC: Sand Dollar was launched in October 2020 as the world’s first central bank digital currency (CBDC). The Central Bank of the Bahamas believed that the digital currency would boost financial inclusion, “reduce service delivery costs and increase transactional efficiency for financial services.” However, nearly four years later, it has failed to receive the uptake the central bank envisioned, forcing Governor John Rolle to explore other strategies. (CoinGeek) (AC-Following Nigeria's example, forcing a CBDC may prove painful to all involved.) -Institutional Concerns- 1. Republican Senator Marsha Blackburn Now Accepts Bitcoin Donations: Tennessee Senator Marsha Blackburn has announced that her reelection campaign will now accept donations through Bitcoin and other leading cryptocurrencies, including Ethereum, Dogecoin, and Litecoin. (Decrypt) -Economic Indicators- 1. S&P 500, Nasdaq Notch New Records: The S&P 500 and the Nasdaq both extended their record highs on Tuesday, adding 0.1% each, while the Dow Jones closed 52 points lower after Federal Reserve Chair Jerome Powell's testimony before the Senate. He noted that the central bank is getting closer to considering interest rate cuts and expressed optimism about signs of cooling inflation. (TradingEconomics) 2. US 10-Year Treasury Yield Edges Higher: The US 10-year Treasury note yield edged above 4.3% on Tuesday, rebounding slightly from the over-one-week low of 4.28% from July 5th. (TradingEconomics) 3. Used Car Prices in the US Continue to Fall: The Manheim Used Vehicle Value Index for the US went down 0.6% month-over-month in June 2024, the same as in May, and marking a ninth consecutive month of no growth. (TradingEconomics) -Security Incidents and Concerns- 1. This is likely the biggest password leak ever: nearly 10 billion credentials exposed: On July 4, a newly registered user on a popular hacking forum posted a file containing nearly 10 billion compromised passwords in plaintext. This gigantic list of leaked passwords known as RockYou2024 provides hackers with an important tool that can be utilized in a brute force attack. Anyone signed up to any service online should assume that a password that they use is on this list. Cybersecurity researchers recommend that users update their passwords and enable multi-factor authentication wherever possible. (Mashable) 2. Cambodia's Huione Guarantee Enables Global Scams Worth $11 Billion: The online platform is said to be linked to the nation's ruling family and allegedly offers services including deepfake scams, money laundering and so-called pig butchering. (CoinDesk) -Technology- 1. Microsoft and Apple renounce OpenAI board membership: Technology giants Microsoft and Apple have reportedly decided not to take up board seats at the artificial intelligence firm OpenAI amid increasing regulatory scrutiny. The news comes amid the increasing regulatory pressure on Big Tech firms over its potential impact on AI and industry dominance. (CoinTelegraph) -Bitcoin Community- 1. Bernstein Sees Potential in AI Data Center Pivot for Bitcoin Miners: The report projected that mining firms could derive as much as a third of their future enterprise value from the AI vertical. "Bitcoin miners are emerging as attractive partners to build out AI Data Centers (DC) with ‘ready power interconnect’ and data center operating capabilities," Bernstein explained. (Decrypt) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 26/100 (Down 1 pts) Analyst Comments (AC): The NATO meeting in DC has a deep context this week. On Monday, a missile barrage from Russia struck Kyiv, killing over 30. Timing of the strike is key as a clear NATO message. Meanwhile, India's PM Modi is visiting Putin in Moscow, pledging support and Hungarian PM Orban, a key NATO member, just recently visited both Xi and Putin. This is the 75th anniversary of NATO, designed after WW2 to keep the Soviet Union in check throughout Europe. With the US at the helm of NATO, the alliance has kept the peace throughout Europe while conflict has continued elsewhere. Now as US global leadership declines, the NATO mission is at a crossroads, even as new alliances such as the Shanghai Cooperation Organization (SCO) and BRICS build up as counterweight to NATO. The strategic geopolitics game is in high gear and highlighted by this week's activity. The future is far from certain, while consequences of this game will be borne by the general population and the soldiers carrying out these leaders' orders. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 851,404 DTG/ICOD: 1200Z 09Jul24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Kyiv Continues Rescue Effort at Children's Hospital / Iran Has New President, More of the Same / China and Belarus Start Wargames Near Ukraine Border / Beryl Soaks Houston / Boeing Pleads Guilty / Middle Schoolers Learning 5GW / House Votes on SAB121 Tomorrow / Republicans All-In on Crypto and Bitcoin / Marathon's Mine in Texas in Crosshairs / NC Governor Vetoes Anti-CBDC Bill / Germany Continues Dumping BTC / SECDEF Ordered to Study Blockchain As Power Tool Market Data: Price: 1 BTC= $57,506, 24.03 oz Gold, .13 Median US House 24hr Hi: $57,861 / Lo: $55,240 Vol: $31B (Up 5%) Mkt Cap: $1.13T (Up 1%) HashRate: 640 EH/s Avg Fee Rate: 5 sats/vBtye (Down 21%) Nodes: 19,397 ---Reports--- -International Events- 1. Kyiv mourns as rescuers make last-ditch efforts at children’s hospital hit by Russian missile: Rescue operations stretched into a second day at a major Kyiv children’s hospital struck by a Russian missile, Ukraine President Volodymyr Zelenskyy said Tuesday, adding that 38 people were killed and almost 200 injured in an intense daytime barrage that smashed into cities across the country. (AP) 2. Iran has voted in a reformist president — but change remains distant: Iran on Friday elected its first “reformist” president in 20 years, signaling many voters’ rejection of hardline conservative policies amid low turnout of just 49%, according to official figures. Masoud Pezeshkian, a former health minister and member of parliament, was the most moderate of the candidates vying for the presidency after the sudden death of former President Ibrahim Raisi in a helicopter crash in May. (CNBC) 3. China and Belarus conduct joint military exercises right next to NATO and EU’s border: Belarus and China kicked off 11-day joint military training exercises Monday, Belarus’ defense ministry said – with activities taking place just miles from the border of Poland, a NATO and European Union member. The joint exercises are being held at a training ground near the city of Brest on the Belarus-Poland border and some 40 miles from Minsk’s border with Ukraine. This latest showing of their security cooperation comes just days after Belarus joined the Beijing and Moscow-backed Shanghai Cooperation Organization (SCO) on Thursday. (CNN) -US Events- 1. Hurricane Beryl tracker: Houston damage, flooding, power outages: Beryl left a trail of downed trees, flooded roads and power outages as it roared across the Houston area on Monday morning. Beryl made landfall near Matagorda in the early morning hours as a Category 1 hurricane but weakened to a tropical storm a few hours later. On Monday evening, it was downgraded to a tropical depression. The storm remnant is now headed toward the central states and great lakes areas. (Fox26) 2. Boeing to plead guilty to fraud over 737 Max crashes: Boeing will plead guilty to a criminal fraud charge in connection with two fatal 737 Max crashes in Indonesia and Ethiopia, per a Department of Justice court filing late Sunday. The deal falls short of what the families of the crash victims had wanted, including a criminal trial and a fine as high as almost $25 billion. (Axios) 3. Middle schoolers impersonated dozens of teachers on TikTok; concocted sexual rumors, offensive narratives: A group of Pennsylvania middle school students created fictitious TikTok accounts to impersonate teachers while making inappropriate comments, officials said Monday. The group of eighth graders in the Great Valley School District (GVSD) in Chester County made around 20 fake TikTok accounts impersonating teachers. The accounts were filled with pedophilic and homophobic remarks, racist memes and rumors about sexual hookups between staff members. (Fox) (AC-Even at this early age, these kids are learning the value of narrative warfare as the basics of 5th generation warfare. It will be more intense once this generation learns to use AI tools to conduct more serious efforts.) -Regulatory and Legal- 1. D-Day For Crypto: SAB 121 Veto Showdown Set For Wednesday: The US House of Representatives is scheduled to vote on significant crypto legislation on Wednesday, July 10. This vote might override President Joe Biden’s veto of the Securities and Exchange Commission’s (SEC) resolution to repeal Staff Accounting Bulletin 121 (SAB 121). (Bitcoinist) 2. Republican Party Makes a Promise to Defense Bitcoin: The Republican National Committee’s new policy platform has published a document to protect and promote crypto assets. “Republicans will end Democrats’ offensive and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency,” “We will defend the right to mine Bitcoin and ensure every American has the right to self-custody their Digital Assets and transact free from Government Surveillance and Control.” (BItcoinSensus) 3. ‘We’re Living in a Nightmare:’ Inside the Health Crisis of a Texas Bitcoin Town: Over the course of several months in 2024, TIME spoke to more than 40 people in the Granbury area who reported a medical ailment that they believe is connected to the arrival of the Bitcoin mine: hypertension, heart palpitations, chest pain, vertigo, tinnitus, migraines, panic attacks. A representative for Marathon Digital Holdings, the company that owns the mine, did not answer questions about health impacts, but told TIME that it is working to remove the noisy fans from the site. (Time) (AC-An obvious FUD article designed to be used as ammunition for the victim class and power-hungry that represent them.) -Central Bank Digital Currencies- 1. North Carolina’s CBDC ban bill vetoed by governor: North Carolina Governor Roy Cooper has vetoed a bill banning the state from implementing a US Federal Reserve-issued central bank digital currency (CBDC) despite receiving near-unanimous support in the state’s House of Representatives and Senate. (CoinTelegraph) -Institutional Concerns- 1. Bitcoin Continues Rebound as Spot ETFs See $295 Million in Deposits: U.S.-listed spot Bitcoin ETFs recorded nearly $300 million in net inflows on Monday, July 8, marking their highest buying activity since early June. (Decrypt) 2. German government continues bitcoin selling spree; less than half of its holdings remain: After a plethora of bitcoin transfers yesterday, the German government has sent an additional $339.2 million worth of bitcoin to addresses labeled as belonging to centralized crypto exchanges and market makers so far on Tuesday. he German government sent 800 bitcoins ($45.9 million) to the crypto exchange Kraken, 5,000 bitcoins ($287.1 million) to an address believed to be market marker B2C2 Group and nearly 107 bitcoins ($6.2 million) to market maker Cumberland DRW. (TheBlock) -Economic Indicators- 1. S&P 500, Nasdaq Mark Another Fresh Records: The S&P 500 and the Nasdaq both closed at new records on Monday, with gains of 0.1% and 0.3% respectively, while the Dow Jones lost 31 points. Recent data showed US consumers' 1-year inflation expectations fell for a second straight month in July. (TradingEconomics) -Security Incidents and Concerns- 1. Senate urges DOD to explore blockchain tech for national security: The US Senate Committee on Armed Services has directed Secretary of Defense Lloyd Austin to explore potential applications of blockchain technology for supply chain management and national security within the Department of Defense. The report calls for the DOD to investigate blockchain use cases to “achieve national security goals and to create secure, transparent, accountable, and auditable data related to supply chains. “The committee notes that blockchain technology has the potential to enhance the cryptographic integrity of the defense supply chain, improve data integrity, and reduce the risk of the manipulation or corruption of certain types of data by near-peer competitors,” the report stated. (CryptoBriefing) -Technology- NSTR -Bitcoin Community- 1. Bitcoin's Mining Difficulty Has Decreased by 8%, Resulting in Lower Profitability and Daily Revenues: Bitcoin's mining difficulty has dropped by 7.8% over the weekend, reaching levels not seen since March. The decrease in difficulty has resulted in a decline in miners' profitability, with daily revenues falling from $78 million to $26 million. (CoinDesk) 2. Bitcoin miner Hut 8 enters into agreement for 205-megawatt Texas site: Bitcoin miner Hut 8 has entered into a power purchase agreement for a site in West Texas with 205 megawatts of immediately available power capacity and land. -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 27/100 (Down 1 pts) Analyst Comments (AC): The US Senate has directed the SECDEF to study blockchain technology in a manner put forth by Major Jason Lowery in his thesis "SOFWAR". This is a significant development in the future warfare race in the cyber domain. As a nation-state such as the US considers the power projection capabilities of blockchain, best exemplified by Bitcoin, new strategies will emerge that even hardcore bitcoiners may not have considered. Other nation-states as well as decentralized entities may begin to study, understand and implement this new type of power dynamic leading to a revolution in warfare and power conflict. This would lead to a new era a warfare that may be similar to the thesis put forth by Lowery. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 851,250 DTG/ICOD: 1200Z 08Jul24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Russia Sends Hypersonic Missiles into Kyiv / France Election Splits Country / Japan and Philippines Sign Defense Pact / Beryl Hit Houston / Insurers Bilk Medicare for $50B / Chicago is Warzone / Germany Continues Selling BTC / Others are Buying BTC / Is it Coordinated? Market Data: Price: 1 BTC= $57,046, 24.03 oz Gold, .13 Median US House 24hr Hi: $58,727 / Lo: $53,717 Vol: $32B (Up 59%) Mkt Cap: $1.12T (Down 1%) HashRate: 640 EH/s Avg Fee Rate: 5 sats/vBtye (Down 21%) Nodes: 19,397 ---Reports--- -International Events- 1. Russian missiles hit a children’s hospital in the Ukrainian capital and kill at least 20 elsewhere: The Russian barrage targeted five Ukrainian cities with more than 40 missiles of different types, hitting apartment buildings and public infrastructure, Ukrainian President Volodymyr Zelenskyy said. It was the heaviest Russian bombardment of Kyiv in almost four months. The daylight attacks included Kinzhal hypersonic missiles, one of the most advanced Russian weapons, the Ukrainian air force said. The Kinzhal flies at 10 times the speed of sound, making it hard to intercept. (AP) 2. France election highlights: Leftists win most seats, but no party wins majority: A leftist coalition, the New Popular Front, has won the most seats in the 2024 French legislative election, beating back a far-right surge but failing to win a majority. The outcome leaves France facing the stunning prospect of a hung parliament and threatens political paralysis in a pillar of the European Union and Olympic host country. (AP) 3. Japan and the Philippines sign a defense pact in the face of shared alarm over China: Japan and the Philippines have signed a defense pact allowing Japanese forces to deploy in the Southeast Asian country for joint military exercises, including live-fire drills. Filipino forces will be able to enter Japan for joint combat training. Under Prime Minister Fumio Kishida, Japan has taken steps to boost its security and defensive firepower, including a counterstrike capability that breaks from the country’s postwar principle of focusing only on self-defense. It’s doubling defense spending in a five-year period to 2027 in a move to bolster its military power and make Japan the world’s third-biggest military spender after the United States and China. (AP) -US Events- 1. Hurricane Beryl makes landfall in Texas: Beryl has made landfall near Matagorda, Texas, as a Category 1 hurricane. It is the first storm in the Atlantic hurricane season to make landfall in the US. (CNN) 2. Insurers Pocketed $50 Billion From Medicare for Diseases No Doctor Treated: Private insurers involved in the government’s Medicare Advantage program made hundreds of thousands of questionable diagnoses that triggered extra taxpayer-funded payments from 2018 to 2021. (WSJ) (AC-This is just one example of how federally printed money moves into the economy and through the hands of administrator's friends. It is worth looking into the political donations of these insurers to see how it comes back around to politicians.) 3. At least 100 people shot, 17 fatally, during violent Fourth of July weekend in Chicago – up 27% from last year’s holiday: The tally of Independence Day weekend gun violence in Chicago this year marks around a 27% increase in shootings over last year. (CNN) (AC-One weekend, over 100 shot. Chicago is comparable to any conflict zone worldwide.) -Regulatory and Legal- NSTR -Central Bank Digital Currencies- 1. Taiwan builds CBDC prototype platform, plans hearings for next year: Taiwan’s Central Bank Governor, Chin-Long Yang, said in a research report on Sunday that building a digital currency isn’t an international competition and that the central bank has yet to set a fixed timeline for CBDC issuance -Institutional Concerns- 1. German Govt Moves 1000 Bitcoin To Coinbase & Other Addresses: The German government has recently transferred 1000 Bitcoin (BTC), valued at approximately $55.79 million, to various destinations including Coinbase, Bitstamp, and addresses beginning with 139Po. In the past 19 days since June 19, the German government has moved a total of 11,032.3 BTC, valued at approximately $668.2 million. Despite these transfers, the government still retains a substantial 39,826 BTC, worth an estimated $2.15 billion. (CoinGape) 2. Bitcoin weakness spurs $441M digital asset inflows: Last week, inflows were primarily seen in the United States with $384 million, followed by Hong Kong ($32 million), Switzerland ($24 million) and Canada ($12 million), whereas Germany saw $23 million in outflows. (Cointelegraph) -Economic Indicators- 1. US 10-Year Yield Holds Decline on Dovish Fed View: The US 10-year Treasury note yield held its recent decline to around 4.3%, hovering near one-week lows as soft US economic data reinforced a dovish outlook on Federal Reserve monetary policy. On Friday, data showed that the US unemployment rate rose to a 2-½-year high of 4.1% in June, adding to signs of a cooling labor market. -Security Incidents and Concerns- 1. Bitcoin Exchange Hack Leads Surging Tally of Crypto Stolen in 2024: Crypto thefts totaled $1.38 billion up through June 24 of this year, more than double the $657 million stolen as of the same time in 2023. Notable incidents include the theft of more than 4,500 BTC valued at over $300 million from Japanese exchange DMM Bitcoin in May, potentially due to stolen private keys or address poisoning. Per TRM, the most prominent attack vectors remain private key and seed phrase compromises, smart contract exploits, and flash loan attacks. (Decrypt) -Technology- 1. Apple Removes VPN Apps from Russian App Store Amid Russian Government Pressure: This includes the mobile apps of 25 VPN service providers, including ProtonVPN, Red Shield VPN, NordVPN and Le VPN, according to MediaZona. (HackerNews) -Bitcoin Community- 1. Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: Bitcoin mining was more profitable in June than May as the price of the cryptocurrency rose 2% and the network hashrate dropped by 5%, and as the market adjusted to the effects of the halving, investment bank Jefferies said in a research report on Monday. (CoinDesk) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 28/100 (Down 1 pts) Analyst Comments (AC): The volatility in bitcoin price the last few weeks is a result of significant transfers from governments such as the US and Germany. Add to this the return of BTC to Mt Gox customers, many of whom are selling the BTC, and you have the recipe for the fluctuations we've seen in the price. Meanwhile $441M in inflows reveal that there are buyers of bitcoin too. It's not hard to conjecture on some possible coordination of these events, which is certainly making some people short-term gains, but also allowing key players to purchase significant volumes of BTC at lower prices. The nature of global finance does not allow definitive assessments of cooperation, but warrant analysis to understand the players and their objectives. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 850,798 DTG/ICOD: 1200Z 05Jul24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: UK Votes in New Labour Party PM / Hezbollah Strikes Back / Drones Rule the Black Sea / Shark Attacks on July 4th / US Servicemembers Mental Health Highest Risk / EU Clamps Down on All Crypto Transactions / German Lawmaker Warns Government to Reconsider Bitcoin Strategy / Bitcoin FUD is Strong / Amazon Uses AI for Finances / US Treasuries on the Blockchain Market Data: Price: 1 BTC= $55,459, 23.47 oz Gold, .13 Median US House 24hr Hi: $58,727 / Lo: $53,717 Vol: $52B (Up 41%) Mkt Cap: $1.09T (Down 4%) HashRate: 550 EH/s Avg Fee Rate: 7 sats/vBtye (Down 71%) Nodes: 19,380 ---Reports--- -International Events- 1. Rishi Sunak resigns as Tory leader as well as PM after election defeat: Rishi Sunak apologized to the country after his catastrophic election loss and said he had heard voters’ “anger and disappointment” and desire for change. Speaking outside 10 Downing Street after a disastrous night for the Conservative party, Sunak confirmed his resignation as prime minister and said: “To the country I would like to say first and foremost, I am sorry.” Labour leader Keir Starmer will become the new PM. (TheGuardian) 2. Hezbollah fires 200 rockets and drones into Israel in response to commander's death: Israel's military said one of its officers was killed in the barrage, which started a number of fires. The military also said it had targeted Hezbollah “military structures” and other targets in southern Lebanon in response. The Hezbollah commander killed yesterday in an Israeli air strike near the southern Lebanese city of Tyre, Mohammed Nimah Nasser, was one of the most senior figures in the group to have been killed in the conflict. (BBC) 3. Who needs warships when you’ve got drones? Russia loses control over Black Sea: In a multiple drone February attack, a big, expensive warship was taken down by Ukraine’s cheap, remote-controlled pack hunter drones like the Magura, is just one of many illustrations of how the full-scale war has been, in a word, asymmetrical. While Russians have made gains on land, they may as well have lost their dominance and security in the Black Sea for the foreseeable future. (KyivIndependent) -US Events- 1. 3 bitten in shark attacks in Texas and Florida on the Fourth of July: A 21-year-old Ohio man was bitten by a shark on his foot while playing football in “knee-deep water” at Florida’s New Smyrna Beach. In Texas, four people encountered a shark as they took to the waters off South Padre Island on the Independence Day holiday, two of whom were bitten and another who was injured while trying to help. (CNN) 2. Mental Health Is Leading Cause of Hospitalizations Among US Troops in 2023, Study Reveals: According to recent reports from the Defense Health Agency, this trend started in 2009 but has shown improvements over the past three years. In 2023, active-duty service members were hospitalized approximately 62,806 times. Nearly one-third of these hospitalizations, or 31%, were due to mental health treatment. For men, the leading diagnoses were adjustment disorders and alcohol abuse. For women, the most common diagnoses were adjustment disorders and major depressive disorder. (TechTimes) -Regulatory and Legal- 1. EU Extends Crypto Travel Rules, Mandates Compliance in 6 Months: The Europe­an Union (EU) is ramping up its fight against money laundering and terrorist financing with the­ imminent enforceme­nt of Travel Rule guideline­s for crypto-asset service provide­rs (CASPs). Announced by the European Banking Authority (EBA), the­se guidelines will be­come mandatory for all crypto exchanges ope­rating within the EU by Decembe­r 30, 2024. CASPs must gather user data for transactions, identify service-related purchases, and detect potentially suspicious transfers. Crypto service providers and intermediaries must establish clear policies for handling multi-intermediated transactions and cross-border transfers. (CoinSpeaker) -Central Bank Digital Currencies- 1. UK election victory for Labour could see a focus on RWA tokenization and CBDC development, analyst says: A potential Labour government in the UK could impact the crypto sector by seeing a focus on real-world asset tokenization and the development of CBDC technology, according to deVere Group CEO Nigel Green. (TheBlock) -Institutional Concerns- 1. German MP urges government to stop selling Bitcoin: Bundestag member Joana Cotar strongly criticized the German government’s recent decision to sell a substantial portion of its Bitcoin holdings. In a series of tweets, Cotar condemned the government’s move, contrasting it with discussions in the US, where Bitcoin is being considered as a strategic reserve currency. She emphasized the counterproductive nature of this approach and invited the officials to attend an upcoming lecture event titled “Bitcoin Strategies for Nation States” on Oct. 17. (CryptoSlate) -Economic Indicators- 1. Bitcoin Drops to Over 4-Month Lows: Bitcoin dropped below $55,000 on Friday, hitting its lowest levels in late February and losing about 13% so far this week in what analysts attributed to further liquidations by leveraged investors. The selloff was also exacerbated by fears that bankrupt Japanese exchange firm Mt. Gox’s repayments of more than $9 billion worth of Bitcoin to approximately 127,000 creditors will likely trigger widespread profit-taking. (TradingEconomics) -Security Incidents and Concerns- NSTR -Technology- 1. Amazon Leans Into Generative AI to Manage Its Finances: The e-commerce giant initially adopted rules-based systems, one of the earliest forms of AI that use a set of rules to solve problems and make decisions, in its finance organization, which it then augmented with machine learning. Generative AI now assists finance employees with more complex analyses. Its finance teams are turning to generative AI in areas such as fraud detection, contract review, financial forecasting, personal productivity, interpretation of rules and regulations, and tax-related work, moves in part aimed at reducing costs, boosting efficiencies and increasing accuracy, company executives said. (WSJ) -Bitcoin Community- 1. RWA Startup Hamilton Tokenizes US Treasury Bills on Bitcoin L2 Solutions: Hamilton, a startup specializing in real-world asset (RWA) tokenization, initiated the tokenization of U.S. Treasury bills on Bitcoin Layer 2 solutions—Stacks, Core, and BoB—on July 4, 2024. This effort highlights a pivotal step in integrating traditional financial instruments with the security and transparency of Bitcoin. (BitcoinCom) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 29/100 (Down 15 pts) Analyst Comments (AC): FUD, or fear, uncertainty and doubt are common human reactions to life situations and changes. Media also know that FUD drives human action and inaction. It also sells. When FUD is high in the mainstream media, look for objective opportunities to better your situation, ignoring the agendas of those spreading FUD. There are times to be as logical and rational as Spock, such as when making financial decisions. Consider his advice and live long and prosper. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 850,668 DTG/ICOD: 1200Z 04Jul24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Colonists Secede From Tyrannical King, Igniting War / Hurricane Beryl Weakens Enroute Yucatan / Russia Makes Gains in Ukraine / China Seizes Taiwan Fishing Boat / Boil Water Order in DC / Medal of Honor Awarded to 2 Union Soldiers / German Gov, Mt Gox, Unload BTC / BTC Core Devs Update Security Policies Market Data: Price: 1 BTC= $57,482, 24.4 oz Gold, .13 Median US House 24hr Hi: $60,555 / Lo: $57,043 Vol: $37B (Up 41%) Mkt Cap: $1.13T (Down 4%) HashRate: 592 EH/s Avg Fee Rate: 24 sats/vBtye (Up 100%) Nodes: 19,373 ---Reports--- -International Events- 1. Weather deteriorating in the Cayman Islands as Beryl weakens slightly: Category 3 Hurricane Beryl has weakened slightly and now has winds of 120 mph, according to the National Hurricane Center’s 5:00 a.m. ET update. Beryl will reach the Yucatan Peninsula early Friday. (CNN) 2. Ukraine’s army retreats from positions as Russia gets closer to seizing strategically important town: Ukraine’s military said its army has retreated from a neighborhood in the outskirts of Chasiv Yar, a strategically important town in the eastern Donetsk region which has been reduced to rubble under a months-long Russian assault. Chasiv Yar lies a short distance west Bakhmut, which was captured by Russia last year after a bitter 10-month battle. (ABC) 3. Taiwan says China seizes fishing boat near its coast: Chinese officials boarded and then seized a Taiwanese fishing boat operating near China's coast close to a Taiwan-controlled island late Tuesday and took it to a Chinese port, Taiwan's coast guard said, in a further escalation of tensions. (Reuters) -US Events- 1. DC Water Issues Boil Water Advisory for All Customers in the District of Columbia, the Pentagon, Arlington National Cemetery and Reagan National Airport: This is a precautionary notice to all customers to boil water that may be ingested due to water of unknown quality. Customer should not drink the water without boiling it first. This advisory will remain in place until follow-up testing confirms the water is safe to drink. (DCWater) 2. Civil War soldiers awarded Medal of Honor for Confederate train raid: Two Civil War soldiers who infiltrated Confederate territory to steal a train and destroy the enemy railroad system were posthumously awarded the Medal of Honor by President Joe Biden on Wednesday. Pvt. Philip Shadrach and Pvt. George Wilson, members of the 2nd Ohio Volunteer Infantry Regiment, are finally set to receive recognition as participants in what is known as the “Great Locomotive Chase.” (ArmyTimes) 3. Federal agency plans to cull 450,000 barred owls to boost another species: In a final plan released Wednesday, the agency is proposing to kill as many as 450,000 barred owls over 30 years. The plan is designed to prevent the extinction of the spotted owl, a threatened species that is being crowded out of its native territory by the slightly larger and faster-reproducing barred owl. (NBC) -Regulatory and Legal- 1. Basel Committee finalizes crypto exposure rules for banks: The Basel Committee met on July 2-3 and made policy decisions on issues that included disclosure of banks’ crypto exposure. Its decisions are part of the Basel III reforms that were begun in 2019 to enhance the resilience of European Union banks through regulation, supervision and risk management. (CoinTelegraph) -Central Bank Digital Currencies- NSTR -Institutional Concerns- 1. German gov’t transfers $172M in Bitcoin to multiple locations: The German government’s latest Bitcoin transfers could impact the market significantly, as it moves 3,000 BTC to various crypto exchanges and an unknown wallet. (CoinTelegraph) -Economics Indicators- 1. Bitcoin Breaks Below $60K, Hits 2-Month Low: Bitcoin prices tumbled again below the key psychological mark of $60,000, hitting a two-month low as the largest cryptocurrency failed to sustain a recent rebound, with analysts pointing to the potential start of Mt. Gox creditor repayments as the likely main culprit. (Trading Economics) 2. US Services Sector Unexpectedly Contracts: ISM: The ISM Services PMI in the US tumbled to 48.8 in June 2024, the sharpest contraction since April 2020. Markets were expecting 52.5 after 53.8 in May. The Business Activity Index also fell, registering 49.6, the first contraction since May 2020. (Trading Economics) -Security Incidents and Concerns- 1. Brazil Halts Meta's AI Data Processing Amid Privacy Concerns: Brazil's data protection authority, ANPD, has temporarily banned Meta from processing users' personal data to train the company's artificial intelligence (AI) algorithms. The decision follows the social media giant's update to its terms that allow it to use public content from Facebook, Messenger, and Instagram for AI training purposes. (HackerNews) (AC-Nothing like AI scraping all your social media and messages to feed the AI machine. This update by Meta has not been challenged in the US.) -Technology- 1. Pentagon to Launch Supercomputer Cloud Service for US Military, Enhancing Remote Access: This initiative aims to give troops direct access to supercomputing power, significantly enhancing military preparedness and operational efficiency. Unlike the typical laptop with around four CPU cores, these professional systems leverage up to 10,000 cores to solve complex problems. (TechTimes) (AC-What could go wrong?) -Bitcoin Community- 1. Bitcoin Core Announces New Security Disclosure Policy: A group of Bitcoin Core developers has introduced a comprehensive security disclosure policy to address past shortcomings in publicizing security-critical bugs. This new policy aims to establish a standardized process for reporting and disclosing vulnerabilities, thereby improving transparency and security within the Bitcoin ecosystem. (BitcoinMag) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 44/100 (Down 9 pts) Analyst Comments (AC): "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security." -In Congress, July 4, 1776 (Excerpt) Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 850,525 DTG/ICOD: 1200Z 03Jul24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Hurricane Beryl Barrels Toward Jamaica / Shanghai Cooperation Org Grows Again / 5GW and a First Lady's Bugatti / Lawyers Nationwide Prepare for Trump Presidency / VP Harris Odds Increasing / Taiwan Crypto Organizes to Advocate / First BTC Macro ETP Launched / Florida Man Shoots Delivery Drone / Kraken Wants Nuke Power / China Still Mining Bitcoin in Spades Market Data: Price: 1 BTC= $60,292, 25.73 oz Gold, .14 Median US House 24hr Hi: $63,015 / Lo: $59,662 Vol: $26B (Up 17%) Mkt Cap: $1.19T (Down 4%) HashRate: 609 EH/s Avg Fee Rate: 12 sats/vBtye (Down 17%) Nodes: 19,033 ---Reports--- -International Events- 1. Hurricane Beryl forecast and track: Jamaica's prime minister declares island 'disaster area' ahead of storm: According to the National Hurricane Center, Beryl was downgraded to a Category 4 from a Category 5, but its maximum sustained winds remained dangerous at 155 mph. Hurricane Beryl is expected to reach Jamaica and is forecast to produce rainfall totals of 4 to 8 inches across the mountainous island country, with isolated amounts of up to 12 inches possible. (ABC) 2. A growing club led by Xi and Putin to counter the US is adding a staunchly pro-Russia member: The expected admission of Belarus to the Shanghai Cooperation Organization (SCO) at its annual leaders’ summit in Astana, Kazakhstan is another push by Beijing and Moscow to transform the grouping – from a regional security bloc into a geopolitical counterweight to Western institutions led by the United States and its allies. Founded in 2001 by China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan to combat terrorism and promote border security, the SCO has grown in recent years in line with Beijing and Moscow’s shared ambition to counter what they see as US “hegemony” and reshape the international system in their favor. (CNN) 3. A Bugatti car, a first lady and the fake stories aimed at Americans: A network of Russia-based websites masquerading as local American newspapers is pumping out fake stories as part of an AI-powered operation that is increasingly targeting the US election, a BBC investigation can reveal. A former Florida police officer who relocated to Moscow is one of the key figures behind it. t would have been a bombshell report - if it were true. Olena Zelenska, the first lady of Ukraine, allegedly bought a rare Bugatti Tourbillon sports car for 4.5m euros while visiting Paris for D-Day commemorations in June. The source of the funds was supposedly American military aid money. The story appeared on an obscure French website just days ago - and was swiftly debunked. (BBC) (AC-A great example of 5th Gen Warfare being conducted today. The truth is nowhere to be found in the Bugatti story and not confirmed even in the BBC story. What is known are the efforts to influence public perceptions and drive funding and actions in support of agendas.) -US Events- 1. How Democratic lawyers are bracing for Trump’s return: Democratic attorneys around the country are already gearing up for the possibility of a second Trump administration by beginning to map out an aggressive legal strategy to fight him again in court — this time with a fresh sense of urgency. Democratic attorneys general are exploring hiring outside experts and dispatching staff to study areas of the law anticipated to come under attack, like reproductive health, immigration and the environment. And they are scrutinizing Project 2025, the 900-page blueprint from The Heritage Foundation that lays out a conservative agenda for the next Republican presidency. “If you’re an AG you have to make sure your team is solid,” said James Tierney, the former attorney general of Maine. (politico) 2. Kamala Harris' Odds of Winning Democratic Nomination Surge on Polymarket: Vice president Kamala Harris' odds of becoming the Democratic nominee for president this year more than quadrupled on Tuesday, according to traders on Polymarket, the crypto-based prediction market platform that's seen torrid growth in an election year. (CoinDesk) -Regulatory and Legal- 1. Taiwan Crypto Advocacy Body Becomes Formally Active With 24 Entities: The body will aim to act as a bridge as the private sector and the government work together to supervise the industry. Its first task will be to formulate a self-regulation code that covers industry classification, listing and delisting, consumer protection, risk control, transaction monitoring and advertising solicitation, according to the blog post. (CoinDesk) -Central Bank Digital Currencies- NSTR -Institutional Concerns- 1. Deutsche Digital Assets Launches World’s First Macro Bitcoin ETP: Deutsche Digital Assets (DDA) has launched the first-ever Macro Bitcoin Exchange-Traded Product (ETP) on Xetra. This innovative ETP aims to dynamically optimize Bitcoin exposure based on macroeconomic factors, offering a novel approach to cryptocurrency investment. Notably, the listing marks a significant milestone for investors looking to balance potential gains with macroeconomic risks.(CoinGape) -Economic Indicators- 1. US Mortgage Rates Bounce Back Above 7%: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased by 10bps to 7.03% in the week ended June 28, 2024, from 6.93% in the previous period. (TradingEconomics) 2. US Job Openings Top Expectations: The number of job openings rose by 221,000 from the previous month to 8.140 million in May 2024, beating the market consensus of 7.91 million. Much of the increase can be attributed to state, local and federal government jobs. (TradingEconomics) -Security Incidents and Concerns- 1. Florida Man Arrested for Shooting at Walmart Delivery Drone Faces Multiple Charges: In a quiet neighborhood of Clermont near Orlando in Florida, a 72-year-old man was facing multiple charges after he shot at a Walmart delivery drone. Witnesses saw a bullet hole in the drone, leading them to report it to local authorities on Wednesday. They also pointed authorities to Dennis Winn. (TechTimes) -Technology- 1. Crypto Exchange Kraken Is Considering Going Nuclear: Kraken is considering using nuclear energy to power its data centers, amidst an expected boom in decentralized finance (DeFi) and increased demand for its services. Kraken is not looking to build its own reactors, but is considering partnering with energy providers that can supply nuclear power with small modular reactors (SMRs). These reactors can be co-located with data centers and don’t have space or weather constraints, according to CTO Patankar. (CoinDesk) -Bitcoin Community- 1. CleanSpark mined 445 Bitcoin in June, surpasses hashrate target: Bitcoin miner CleanSpark increased its Bitcoin production by 6.7% in June and surpassed its mid-year hashrate target of 20 exahashes per second (EH/s).The United States-based miner only sold 8 of the 445 Bitcoin it mined in June, bringing its total Bitcoin holdings to 6,591 BTC as of June 30, worth more than $4 billion at current prices. (CoinTelegraph) 2. Chinese Bitcoin Mining Pools Control A Staggering 54% Of Hash Rate Despite Ban: China Bitcoin mining pools now command over 50% of the total hash rate based on on-chain data. This is despite the 2021 China crypto ban, according to Kim Young Ju, the founder of CryptoQuant (99Bitcoins) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 50/100 (Down 3 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 850,372 DTG/ICOD: 1200Z 02Jul24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: First Cat 5 Hurricane Eyes Jamaica / Ukraine Air Bases Struck Before F-16s Arrive, US Bases on High Alert / SCOTUS Immunity Ruling Confounds Lawfare Strategy / SCOTUS Chevron Ruling May Untangle Digital Asset Mess / Imagery Reveals China Listening Posts in Cuba / Judge Rules Biden Cannot Stop LNG Exports / Bolivia Says Bitcoin Now OK / Sony Starts Bitcoin Exchange in Japan / Coinbase Chosen to Custody and Sell USG Bitcoin Market Data: Price: 1 BTC= $62,668, 26.90 oz Gold, .15 Median US House 24hr Hi: $63,777 / Lo: $62,367 Vol: $22B (Up 3%) Mkt Cap: $1.23T (Even) HashRate: 611 EH/s Avg Fee Rate: 14 sats/vBtye (Up 81%) Nodes: 19,034 ---Reports--- -International Events- 1. Hurricane Beryl barrels toward Jamaica as category 5 storm after ‘flattening’ Grenada island: The hurricane was located about 695 miles (1,118km) east-southeast of Kingston, Jamaica, packing maximum sustained winds of 165mph (270km/h), the National Hurricane Centre said. (IndependentUK) 2. At least nine killed in Seoul as car ploughs into crowd: As reported by Yonhap news agency, a man believed to be in his 60s drove the vehicle into pedestrians waiting at a traffic stop. Police said the accident took place at an intersection near Seoul city hall. The driver in question, who was arrested at the scene, reportedly told the police the car suddenly accelerated. (BBC) 3. Ukrainian air base under frequent fire as Russia aims at F-16 arrivals: The June 27 attack was a stark reminder of the challenges Kyiv faces as it rebuilds its depleted air force and deploys the first U.S.-designed F-16s - fighter aircraft that Russia will be determined to ground or destroy. The first planes are expected to arrive this month, although the location of the basing has not been released. (Reuters) 4. Several US military bases in Europe put on heightened state of alert, US officials say: The alert level of Force Protection Condition (FPCON) "Charlie" was put in place over the weekend, according to two U.S. officials. "For operational security reasons, we will not get into specific measures, but we remain vigilant," EUCOM wrote, in part. (ABC) (AC-Other sources speculate that his is in relation to Russian concerns over the F-16s being delivered to Ukraine.) -US Events- 1. How the blockbuster Supreme Court presidential immunity ruling impacts the Biden-Trump 2024 rematch: A highly anticipated ruling by the Supreme Court that former presidents enjoy wide-ranging immunity for their official acts while in the White House was repeatedly praised by former President Trump yesterday. The ruling on Monday means that the trial judge in the lower court case against Trump will now have to hold hearings on whether the charges against Trump were based on official acts by the then-president or unofficial ones. That process will take time, and it's extremely unlikely Trump will go on trial for trying to overturn the 2020 election before voters cast ballots in the 2024 rematch. (Fox) 2. Satellite Images Show Expansion of Suspected Chinese Spy Bases in Cuba: Analysts identified four electronic eavesdropping stations, including a previously unreported site near a U.S. naval base. (WSJ) 3. Judge Orders Biden Administration to Resume Permits for Gas Exports: A federal judge on Monday ordered the Biden administration to resume issuing permits for new liquefied natural gas export facilities after the government had paused that process in January to analyze how those exports affect climate change, the economy and national security. The decision, from the United States District Court for the Western District of Louisiana, comes in response to a lawsuit from 16 Republican state attorneys general, who argued that the pause amounted to a ban that harmed their states’ economies. (NYT) -Regulatory and Legal- 1. Central Bank of Bolivia Unbans Bitcoin From the Nation’s Financial Ecosystem: The Central Bank of Bolivia has lifted a blanket ban that kept financial institutions from serving crypto-related transactions. With Resolution N°082/2024, issued on Tuesday, the bank lifts any prohibition related to these assets, opening the door for the intermediation of institutions to complete payments to acquire these assets. (BitcoinCom) 2. Supreme Court's Chevron Decision Curtails SEC Chair Gensler's Regulatory Abuses, Says Congressman: Congressman Tom Emmer has stated that the Supreme Court’s decision to overturn Chevron deference significantly limits “the regulatory abuses” of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The ruling is seen as a game changer for the crypto industry and other tech sectors, promising more predictable and grounded regulations. (BItcoinCom) -Central Bank Digital Currencies- 1. Bahamas wants to force banks to support its ‘Sand Dollar’ CBDC: The Bahamas is preparing to introduce legislation requiring commercial banks to support its “Sand Dollar” central bank digital currency (CBDC) and hopefully boost its adoption. The Bahamas was one of the first countries in the world to launch a central bank digital currency — the “Sand Dollar” in 2020 — and is now looking for ways to boost its adoption. (CoinTelegraph) -Institutional Concerns- 1. US spot bitcoin ETFs report $130 million in net inflows, largest influx in three weeks: The 11 U.S. spot bitcoin exchange-traded funds saw total daily net inflows of $129.45 million on Monday, reporting their fifth consecutive day of positive flows. Monday’s net inflows also marked the largest fund intake the ETFs have seen since June 7. Fidelity’s FBTC led the inflows yesterday with $65 million, followed by Bitwise’s BITB, which recorded $41 million. (CoinMarketCap) 2. $105 Billion Electronics Giant Sony To Launch New Bitcoin Exchange: Sony Group is preparing to launch a Bitcoin and crypto exchange in Japan after acquiring Amber Group's local subsidiary, Amber Japan. The revamped exchange will be called S.BLOX and aim to boost Sony's presence in the Bitcoin and crypto space. (BitcoinMag) -Economic Indicators- 1. US Stocks Kick-Off 2nd Half of 2024 Higher: Stocks in the US closed higher to start the second half of the year. The S&P 500 gained 0.3%, the Dow Jones added 50 points, and the Nasdaq rose 0.8% thanks to strong performances from tech giants like Apple (+2.9%), Amazon (+2%), and Microsoft (+2.2%). Nvidia rebounded (+0.6%) while other chip makers' stocks fell such as AMD (-2.8%) and Arm (-2.9%) dropped. (TradingEconomics) 2. US Factory Activity Shrinks Faster: The ISM Manufacturing PMI unexpectedly declined to 48.5 in June 2024 from 48.7 in May, below forecasts of 49.1. The reading pointed to a third straight month of falling manufacturing activity and the lowest since February. (TradingEconomics) -Security Incidents and Concerns- 1. Australian Man Charged for Fake Wi-Fi Scam on Domestic Flights: The unnamed 42-year-old "allegedly established fake free Wi-Fi access points, which mimicked legitimate networks, to capture personal data from unsuspecting victims who mistakenly connected to them." The individual is said to have staged what's called an evil twin Wi-Fi attack across various locations, including domestic flights and airports in Perth, Melbourne, and Adelaide. "The email and password details harvested could be used to access more personal information, including a victim's online communications, stored images and videos, or bank details," the AFP said. (HackerNews) -Technology- 1. China's Stealth Fighter Aircraft Supports Detachable Wings That Transforms Into Drones: The China Aerodynamics Research and Development Centre (CARDC) successfully tested the new stealth fighter, and said that each drone is powered by electric ducted fans. The aircraft and its drones managed to stay in the air despite the drone separation maneuver during the test flight, which allegedly caused flight instability due to the aerodynamic shift. (TechTimes) -Bitcoin Community- 1. Coinbase Bags $32 Million Contract From DOJ For Handling Confiscated Crypto: In a significant development, the US Department of Justice’s asset forfeiture division, the US Marshal Service, has chosen Coinbase as its custody provider for large-cap digital assets. Coinbase emphasized its longstanding history of supporting law enforcement agencies and its collaborations with major federal, state, and local agencies in the US, as well as international agencies worldwide. (Bitcoinist) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 53/100 (Up 5 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 850,227 DTG/ICOD: 1200Z 01Jul24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: France Elections Move Right / Military Draft Law Ignites Israel / Coordinated Suicide Bombers in Nigeria Kill 30+ / US Left Argue on Removing Biden From Race / SCOTUS To Release Immunity Ruling Today / Bannon Reports to Jail / Chevron Doctrine Ruling Upsets Administrative State / Hawaii Crypto Firms No Longer Need Transmitter License / Stocks Are Booming / Big Tech Tries to Lock up Nuke Power in US / China's Version of Space X Has Accidental Fireworks Show Market Data: Price: 1 BTC= $62,556, 26.81 oz Gold, .15 Median US House 24hr Hi: $63,700 / Lo: $61,262 Vol: $22B (Up 64%) Mkt Cap: $1.23T (Up 2%) HashRate: 537 EH/s Avg Fee Rate: 8 sats/vBtye (Even) Nodes: 19,388 ---Reports--- -International Events- 1. Far right leads first round of France’s parliamentary election in blow to Macron: Marine Le Pen’s far-right National Rally (RN) party led the first round of France’s parliamentary elections on Sunday, taking it closer to the gates of power than ever before. After an unusually high turnout, the RN bloc clinched 33.15% of the vote, while the left-wing New Popular Front (NFP) coalition came second with 27.99% and President Emmanuel Macron’s Ensemble alliance slumped to a dismal third with 20.76%. (CNN) 2. Ultra-Orthodox protest against order to enlist in Israeli military turns violent in Jerusalem: Thousands of Jewish ultra-Orthodox men clashed with Israeli police in central Jerusalem on Sunday during a protest against a Supreme Court order for them to begin enlisting for military service. Tens of thousands of men rallied in an ultra-Orthodox neighborhood to protest the order. But after nightfall, the crowd made its way toward central Jerusalem and turned violent. (AP) 3. At least 30 dead, more than 100 injured after multiple suicide bombings in Nigeria: "The first suicide attack was masterminded by an unidentified woman who sneaked with two children into a wedding reception of a popular young man in Gwoza; she detonated her Improvised Explosive Devices (IEDs), killing herself and many people." No group has claimed responsibility for the bombings. (ABC) -US Events- 1. Top Democrats rule out replacing Biden amid calls for him to quit 2024 race: After days of hand-wringing about Biden's poor night on stage debating Trump, Democratic leaders firmly rejected calls for their party to choose a younger presidential candidate for the Nov. 5 election. Biden, 81, meanwhile, was huddling with family members at the Camp David presidential retreat on Sunday. (Reuters) 2. Supreme Court prepares to issue ruling on Trump immunity and final cases Monday: SCOTUS is expected to hand down its final opinions of the term on Monday morning, resolving the question of whether former President Donald Trump may claim immunity from federal election subversion charges. The court will also decide two cases at the intersection of the First Amendment and social media. At issue are laws enacted in Florida and Texas aimed at stopping social media giants like Facebook and X from throttling conservative views. (CNN) 3. Steve Bannon set to begin 4-month prison sentence for defying congressional subpoena: Bannon will be the second former Trump aide to be imprisoned for a contempt of Congress conviction after Peter Navarro began serving a four-month sentence earlier this year. Both men were convicted for not complying with subpoenas issued to them by the now-defunct House Select Committee that investigated January 6, 2021. The Supreme Court on Friday denied a long-shot effort by Bannon to avoid reporting to prison while he challenges his conviction before the federal appeals court in Washington, DC. (CNN) 4. Supreme Court strikes down Chevron, curtailing power of federal agencies: By a vote of 6-3, the justices overruled their landmark 1984 decision in Chevron v. Natural Resources Defense Council, which gave rise to the doctrine known as the Chevron doctrine. Under that doctrine, if Congress has not directly addressed the question at the center of a dispute, a court was required to uphold the agency’s interpretation of the statute as long as it was reasonable. But in a 35-page ruling by Chief Justice John Roberts, the justices rejected that doctrine, calling it “fundamentally misguided.” (SCOTUSblog) (AC-A surprise big win for anti-administrative proponents, this ruling will have significant repercussions across the US. Look for increases in legal proceedings where a nameless, faceless government agency would have ruled over its citizenry before.) -Regulatory and Legal- 1. Designating Crypto as the Bogeyman Will Not Halt the Nigerian Currency’s Depreciation: Nigerian authorities targeted global cryptocurrency exchanges in a crackdown that began in February. The accusation is that crypto platforms are enabling currency speculators who are blamed for the naira’s rapid depreciation against the U.S. dollar. However, the naira’s resurgence proved short-lived, ending the first half of 2024 as one of the worst-performing currencies. The rise of cryptocurrency use and Nigeria’s thriving parallel market for naira reflect a deeper issue that needs solutions. (BItcoinCom) 2. Hawaii crypto firms no longer need MT license, regulator rules: Cryptocurrency firms in Hawaii are now officially exempt from the requirement to receive a Money Transmitter License (MTL) to run business in the state. Crypto companies will still be responsible for complying with any applicable federal licensing or registration requirements. (CoinTelegraph) -Institutional Concerns- NSTR -Economic Indicators- 1. US Stocks Soar to End June: US stocks extended gains on Friday, with the S&P hitting a new high of 5.5K, the Nasdaq 100 reaching a record level of 19980 and the Dow Jones rising over 220 points, after the Michigan consumer sentiment was revised sharply higher and inflation expectations were lower than previously reported. (TradingEconomics) -Security Incidents and Concerns- 1. Microsoft Provides Another Worrying Update on Russian Data Breach, Says Customer Emails Were Stolen: On Thursday, the tech giant announced that hackers stole customer emails as it further disclosed the scope of the breach. However, it did not specify the number of clients affected or the potential number of stolen emails. (TechTimes) -Technology- 1. Tech Industry Wants to Lock Up Nuclear Power for AI: The owners of roughly a third of U.S. nuclear-power plants are in talks with tech companies to provide electricity to new data centers needed to meet the demands of an artificial-intelligence boom. But instead of adding new green energy to meet their soaring power needs, tech companies would be effectively diverting existing electricity resources. That could raise prices for other customers and hold back emission-cutting goals. (WSJ) 2. A Chinese firm's answer to SpaceX's Falcon 9 blew up in a giant fireball after it accidentally launched during a test: Beijing-based Tianbing Aerospace Technology said it was conducting a first-stage test of the rocket's power system, and that a "structural failure" caused the Tianlong-3 to separate from its launchpad. Had the test been successful, the Tianlong-3 would have remained stationary on the launchpad as its engines fired. (BusinessInsider) -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 53/100 (Up 5 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 849,817 DTG/ICOD: 1200Z 28Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: North Korea Missile Test Explodes / USS Wasp Headed Towards Eastern Med / Russia Say US Drones Fair Game / Presidential Debate Panics Democrats / Uvalde Police Chief Arrested / SCOTUS Rules Emergency Abortions OK in Idaho / NC Gives Anti-CBDC Bill to Governor / US GDP Anemic / Interpol Disrupts Scam Network in 61 Countries With China's Help / BTC Hashrate Dropping Market Data: Price: 1 BTC= $61,615, 26.38 oz Gold, .14 Median US House 24hr Hi: $62,293 / Lo: $61,097 Vol: $22B (Up 3%) Mkt Cap: $1.21T (Even) HashRate: 574 EH/s Avg Fee Rate: 8 sats/vBtye (Down 60%) Nodes: 18,884 ---Reports--- -International Events- 1. A North Korean Missile Explodes in the Sky—and a Mystery Emerges: North Korea said it had successfully tested technology for raining down multiple nuclear warheads at once—a top weapons goal for Kim Jong Un and an increased threat to the U.S. and its allies. But, in an unusually pointed rebuke, South Korea denounced the self-declared achievement as a bluff. While the separation of warheads in a MIRV test would occur on the descent, the North Korean missile launched on Wednesday exploded in the flight’s initial stage, a South Korean Joint Chiefs of Staff spokesman said. (WSJ) 2. US sends USS Wasp assault ship and Marines to eastern Mediterranean: The officials stressed that the ship's movement is not an indication that the U.S. is planning to move American citizens out of Lebanon, but that the ship's move "is being done for deterrence purposes and to promote regional stability," said one of the officials. (ABC) 3. Russia warns it can take unspecified measures in response to US drone flights over Black Sea: Russia’s Defense Minister ordered officials to prepare a “response” to U.S. drone flights over the Black Sea, the ministry said Friday, in an apparent warning that Moscow may take forceful action to ward off the American reconnaissance aircraft. (AP) -US Events- 1. Biden’s disastrous debate pitches his reelection bid into crisis: It was clear a political disaster was about to unfold as soon as the 81-year-old commander in chief stiffly shuffled on stage in Atlanta to stand eight feet from ex-President Donald Trump at what may turn into the most fateful presidential debate in history. Biden ended the night with the Democratic Party in crisis with serious conversations taking place behind the scenes among senior figures over whether his candidacy is now sustainable, two months before the Democratic National Convention. By the time the aged rivals slipped into a bitter debate about who was the best golfer, it was not hard to understand why voters have long told pollsters that they want no part of the choice they have been offered this year. (CNN) (AC-As of this morning, both Michelle Obama and Gavin Newsom are trending heavily on X, indicating possible replacements) 2. Former Uvalde school district police chief charged with child endangerment after shooting that killed 21: Pete Arredondo, 52, was taken in by law enforcement officers and is accused of abandoning and endangering a child, the jail official said. Instead of continuing to engage the 18-year-old gunman — who was locked in a classroom with 33 students and three teachers — officers retreated after an initial burst of gunfire and did not “push forward immediately and continuously to eliminate the threat,” the Justice Department said. (NBC) 3. Supreme Court says emergency abortions can be performed in Idaho: The Supreme Court on Thursday allowed abortions to be performed during certain medical emergencies in Idaho, reinstating a lower court order that blocked the state from enforcing its near-total ban when an abortion is needed to preserve the health of the mother while legal proceedings continue. (CBS) -Regulatory and Legal- 1. Crypto Unmentioned at First 2024 U.S. Presidential Debate: For its part, the crypto industry is hoping for a Congress and administration that may pass legislation friendlier to digital asset businesses. (CoinDesk) -Institutional Concerns- 1. US Bitcoin ETF Inflows Reach $21.52M as FBTC and GBTC Lead Gains: U.S. spot bitcoin exchange-traded funds witnessed a second day of inflows as they captured $21.52 million on Thursday. The leader in terms of gains was Fidelity’s FBTC led the pack with a $19 million increase. (BitcoinCom) -Central Bank Digital Currencies (CBDC)- 1. North Carolina’s CBDC ban bill heads to governor’s desk: House Bill 690 now heads to Governor Roy Cooper for approval after the state’s House passed the bill a 109-4 vote on June 26, a day after the Senate passed the bill in a 39-5 vote. Governor Cooper’s office did not immediately respond to a request for comment on his plan for the bill. (CoinTelegraph) -Economic Indicators- 1. US GDP Growth Revised Slightly Up: The US economy expanded an annualized 1.4% in Q1 2024, slightly higher than 1.3% in the second estimate, but continuing to point to the lowest growth since the contractions in the first half of 2022. (TradingEconomics) 2. US 10-Year Yield Rises After Presidential Debate: The yield on the US 10-year Treasury note rebounded above 4.3% on Friday as US president Joe Biden and his predecessor Donald Trump clashed in their first debate, with Trump emerging as the stronger candidate ahead of the 2024 elections. (TradingEconomics) 2. US Mortgage Rates Drop to Nearly 3-Month Low: The average rate for a 30-year fixed mortgage fell by 1 bps from the previous week to 6.86% as of June 27th, the lowest in nearly three months, according to Freddie Mac. (TradingEconomics) -Security Incidents and Concerns- 1. Interpol Disrupts Scam Networks: 6,745 Bank Accounts Frozen, $2M Crypto Seized, 3,950 Arrested: Interpol’s Operation First Light, a global initiative involving 61 countries, has disrupted online scam networks by freezing 6,745 bank accounts and seizing assets worth $257 million, including $2 million in cryptocurrency. The operation targeted phishing, investment fraud, fake online shopping sites, romance, and impersonation scams, leading to the arrest of 3,950 suspects and identifying 14,643 potential suspects worldwide. Operation First Light began in 2023 and concluded with its final tactical phase from March to May 2024. Funded by China’s Ministry of Public Security, the operation ended with a meeting in Tianjin, where participating countries reviewed results, exchanged intelligence, and strategized future actions. (BitcoinCom) 2. Fake Phantom wallet promoted in iOS AppStore drains users funds: A fake Phantom wallet app in the Apple Store is reported to drain assets upon account recovery with a private key. Phantom Wallet and Solana users have been alerted to the fraudulent app mimicking the legitimate Phantom Wallet. The fake app, published by Meta Voxify and with poor 1-star reviews, appears as an ad and deceptively resembles the authentic application developed by Phantom Technologies. (CryptoSlate) -Technology- NSTR -Bitcoin Community- 1. Bitcoin profitable on 4,954 days since inception, 97.9% of its history: Bitcoin’s market history reveals a high percentage of profitable holding days, indicating strong long-term value retention. Glassnode data shows that out of 5,060 days since its inception, holding Bitcoin has been profitable on 4,954 days, representing 97.9% of its total trading days. This metric highlights the consistent upward trajectory of Bitcoin’s value over time. (CryptoSlate) 2. Bitcoin Hashrate Plunges To Lowest Since Early March As Price Remains Bearish: The 7-day average Bitcoin mining hashrate set a new all-time high (ATH) last month, but the metric has since been going through a drawdown. This decline will likely be the bearish momentum the cryptocurrency’s price has been observing. Following the most recent leg down in the mining hashrate, its value has plunged to its lowest since early March. If BTC persists at its current lows or declines further, the indicator will likely extend its fall. (Bitcoinist) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 47/100 (Up 7 pts) Analyst Comments (AC): When we hear of a large international policing effort as described in the article above, you can be certain that this is the result of a mass surveillance program. In other words, some type of communication network has been compromised by a government entity. Examples include PRISM, which revealed NSA spying, leaked by Edward Snowden, and the ANOM program, in which the FBI ran a company that sold privacy phones to criminals (read 'Dark Wire' for more info). In this case, notice that this program was started by China's Ministry of Public Security and handed off to Interpol. Since it involves 'crypto' we can speculate that there is some sort of connection of transaction data with other digital data such as emails and phones. AI is a perfect tool to synthesize this data as has been done in the past. The bottom line is that China now has this capability and is not subject to any Fourth Amendment roadblocks. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
Bitcoin Veterans know how to close down a dive bar. @PUBKEY thanks for a great time. image