
BTC Daily Intelligence Bulletin (DIB)
Block: 892,674
DTG/ICOD: 1200Z 16Apr2025
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: UK Court Says Biology Defines 'Woman' / US Pastor Rescued in South Africa / China Says Show Respect, US Raises Tariffs Again / SCOTUS vs. Trump Over Deported Immigrant / Two SECDEF Advisors Sacked for Leaks / ChokePoint 2.0 Continues, Implicates Fed Reserve / South Korean Presidential Candidate Wants Crypto / Oklahoma Kills SBR Bill / BitBonds Draw Interest for US Debt / China May Sell 15K Bitcoin / Mortgage Applications Drop on Higher Rates / China Says NSA Hacked Winter Games / New Grok Release Facilitates Coding / Bitcoin Miners Have to Sell Some BTC
Market Data: Price: 1 BTC= $84,035, 25.41 oz Gold, .19 Median US House
24hr Hi: $86,429 / Lo: $83,100
Vol: $28B (Down 2%)
Mkt Cap: $1.66T (Down 2%)
HashRate: 902 EH/s
Avg Fee Rate: 2 sats/vBtye (Down 83%)
---Reports---
-International Events-
1. UK Supreme Court says legal definition of ‘woman’ excludes trans women, in landmark ruling: Britain’s Supreme Court ruled unanimously that the definition of a woman in equality legislation refers to “a biological woman and biological sex.” “This ruling brings clarity and confidence, for women and service providers such as hospitals, refuges, and sports clubs,” the spokesperson added. “Single-sex spaces are protected in law and will always be protected by this Government.” (CNN)
2. American pastor kidnapped in South Africa rescued after deadly police shootout: The pastor, 34-year-old Josh Sullivan, of Tennessee, was kidnapped by several armed, masked men last week at his church in the Eastern Cape, Fellowship Baptist Church Motherwell. Police said they received tips that Sullivan was inside a safe house in KwaMagxaki, Gqeberha. When they arrived at the home, suspects inside a car on the premises began firing at law enforcement and attempted to flee. A "high-intensity shootout" took place and three unidentified suspects were killed. (Fox)
3. China Open to Talks If US Shows Respect: In response to increased tariffs by the U.S., China is open to negotiations if treated with respect, according to a statement from Lin Jian, a Foreign Ministry spokesman. Meanwhile, The U.S. has escalated trade tensions by announcing a 245% tariff on imports from China. This measure was disclosed in response to what the White House describes as China's retaliatory trade actions. (GroundNews, X)
-US Events-
1. Supreme Court Ruling Ignored: Trump vs. El Salvador Over Deported Immigrant: Kilmar Abrego Garcia, an alleged MS-13 gang member and illegal immigrant from El Salvador, was ordered to remain in the United States by a court but was deported during the Trump administration. Despite a unanimous 9-0 Supreme Court decision stating that his removal was illegal, President Trump has maintained that foreign policy, not judicial rulings, dictates the handling of such cases. This has led to a standoff between judicial authority and executive action, with El Salvador's President Bukele refusing to return Garcia, citing national security concerns. (X)
2. Two Top Advisers to Pete Hegseth Escorted Out of the Pentagon for Alleged Leaking: The officials were Dan Caldwell, a top adviser to Hegseth, and Darin Selnick, the Pentagon deputy chief of staff. It is not clear what their motives were, but one official said Caldwell leaking information to “far-left reporters to hurt the secretary.” (Breitbart)
-Regulatory and Legal-
1. Crypto’s debanking problem persists despite new regulations: The early days of the second administration of President Donald Trump have seen many of these repealed or changed. One of the first was the repeal of Staff Accounting Bulletin 121. Despite these victories, Caitlin Long, founder and CEO of Custodia Bank, said on March 21 that debanking is likely to remain a problem for crypto firms into 2026. Long said the non-partisan board of governors of the Federal Reserve is “still controlled by Democrats,” alluding to Democrats’ more skeptical stance on crypto. Long claimed that “there are two crypto-friendly banks under examination by the Fed right now, and an army of examiners was sent into these banks, including the examiners from Washington, a literal army just smothering the banks.” (CoinTelegraph)
2. South Korean presidential contender vows to push crypto 'as much as' Trump: "To foster blockchain and virtual assets as an industry, I will reform regulations as much as the Trump administration in the United States," Hong Joon-pyo, a candidate for People Power Party's presidential primary. (TheBlock)
-CBDCs/World Currencies/Strategic Reserves-
1. Oklahoma Kills Bitcoin Reserve Proposal in Senate Committee Vote: With the failure of Oklahoma’s Bitcoin reserve bill, New Hampshire, Texas, and Arizona now lead the push for state-level BTC reserves. (Deecrypt)
2. VanEck proposes Bitcoin-linked Treasury bonds to offset $14 trillion in US debt: VanEck’s head of digital assets research, Matthew Sigel, has proposed the introduction of “BitBonds,” a hybrid debt instrument combining US Treasuries with Bitcoin (BTC) exposure, as a novel strategy for managing the government’s looming $14 trillion refinancing requirement. (CryptoSlate)
3. China Plans To Sell 15,000 Bitcoin On Offshore Exchanges: China has its sights on a mass sale of a cache of Bitcoins confiscated from illicit activities, threatening to sink prices in the short term. Chinese authorities are sitting on 15,000 Bitcoin, sparking debates over the handling of seized cryptocurrencies. (CoinGape)
-Institutional Concerns-
1. Semler Scientific Aims to Boost Its Bitcoin Holdings Through a $500 Million Securities Offering: Semler Scientific, a healthcare tech firm, plans to raise $500 million through a securities offering to increase its Bitcoin holdings. (Decrypt)
-Economic Indicators-
1. US Mortgage Rates Jump, Applications Drop: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances in the US soared to 6.81% in the week ended April 11th 2025, from 6.61% in the previous week. Meanwhile, mortgage application volumes in the US slumped by 8.5% (TradingEconomics)
2. US 10-Year Holds Steady Ahead of Powell Speech: The yield on the U.S. 10-year Treasury note held steady around 4.33% on Wednesday after sliding for two straight sessions, as investors awaited a key speech from Federal Reserve Chair Jerome Powell. (TradingEconomics)
-Security Incidents and Concerns-
1. China accuses NSA of launching cyberattacks on Asian Winter Games: China on Tuesday accused three alleged employees of the U.S. National Security Agency of carrying out cyberattacks on the Asian Winter Games in February. The public security bureau in Harbin, where the games were held, said the purported operatives were involved in the attacks on behalf of the agency’s Office of Tailored Access Operations. (TheRecord)
-Technology and Science-
1. xAI Grok's New 'Studio' Feature Lets You Build Apps, Write Docs, and Even Game Like a Pro: With the new functionality on the platform, users can expect to see a canvas-style space where they can create and edit documents, apps, and code in real time. It's available for free and paid users. (TechTimes) (AC-The AI race between X and OpenAI is not only blistering, it's personal. The animosity between Musk and Sam Altman is entertaining at least and a multi billion-dollar conflict at most. AI users are presently the beneficiaries.)
-Bitcoin Community-
1. Miners Sell $1.1 Billion Worth of Bitcoin Following Low Price, High Mining Costs: Bitcoin miners faced increased pressure as they sold 15,000 BTC in a day, worth at least $1.12 billion, due to low prices and high mining costs. President Trump's announcements on tariffs added to market volatility, leaving miners uncertain about their operations. (Decrypt)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 29/100 (Down 8 pts)
Analyst Comments (AC): NSTR
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report