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BTC Daily Intelligence Bulletin (DIB) Block: 826,128 DTG/ICOD: 0800EST 17Jan24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Iran is on the Warpath, Missiles Strike Pakistan / US in Deep Freeze / US Lawmakes Introduce Anti-CBDC Bills in Four States / GBTC bleeds over $1.1B in 3 days Market Data: Price: 1 BTC= $42,735, 21.02oz Gold 24hr Hi: $43,566 / Lo: $42,086 Vol: $24.4B (Up 16%) Mkt Cap: $840B (Down 1%) HashRate: 389 EH/s Avg Fees: 17,353 sats/tx (Down 35%) Nodes: 15,830 ---Reports--- -International Events- 1. Iran says strikes targeted militant group in Pakistan: Iran says it has hit a militant group in western Pakistan in a missile attack, its third air strike on another country this week after earlier attacks on targets in Iraq and Syria. Iranian state TV said the operation hit two sites in Balochistan linked to the militant group Jaish al-Adl. Pakistani officials said two children were killed and three others injured. Pakistan has since expelled the Iranian Ambassador.(BBC) (AC-Iran is sensing an opportunity to strike its enemies unchecked in the region. Through its proxies in Yemen (Houthis), Gaza (Hamas) and Lebanon (Hezbollah) or through direct fire into Syria, Iraq and now Pakistan, Iran is acting out aggressively against all enemies all at once. Speculative reasoning could include Israel's return to Netenyahu leadership and a possible win for Trump, bringing together two powers united against Iran in the near future. Whatever the reason, Iran is certainly on the warpath) 2. U.S., South Korea and Japan conduct naval drills as tensions deepen with North Korea: The training in waters off South Korea’s Jeju island came as North Korean leader Kim Jong Un continues a provocative run in weapons testing and threats that has raised regional tensions to their highest point in years.(AsahiShimbun) -US Events- 1. Deadly arctic blast grips more than 80% of the country: An arctic blast is gripping more than 80% of the country, killing at least seven nationwide. Some regions feel like minus 50 degrees.(NBC) -Regulatory and Legal- 1. IRS Postpones Reporting Requirements, Simplifying Taxes: The pivotal aspect of the 2021 Act was the redefinition of digital assets as “cash equivalents” for reporting purposes, compelling businesses to disclose any receipts surpassing $10,000. Despite this significant shift, businesses can breathe a sigh of relief for the time being, as they are not obligated to adhere to this cash-like reporting requirement until specific regulations are formalized.(Bitcoinist) -Central Bank Digital Currencies (CBDC)- 1. United States Lawmakers Introduce Bills to Exclude CBDCs from the Definition of Money: The bills were introduced in South Carolina, South Dakota, Tennessee, and Utah as anti-CBDC legislators seek to prevent the use of CBDC tokens in those states as the wider industry debate with digital currencies continues.(CryptoNews) -Institutional Concerns- 1. Estimated $1.1B flees GBTC in 3 days as ARK begins buying own Bitcoin ETF: An estimated $594 million of outflows alone came from the third day of trading on Jan. 16, according to an X post by Bloomberg ETF analyst James Seyffart. Seyffart observed inflows from other recently launched Bitcoin ETFs but wasn’t sure whether those inflows outpaced the Grayscale Bitcoin Trust’s (GBTC) outflows on Jan. 16.(CoinTelegraph) 2. Bitcoin ETFs surpass triple the combined daily volume of 500 ETFs launched in 2023: On Jan. 16, the total volume generated by 10 spot Bitcoin ETFs surpassed the cumulative volume of all 500 ETFs launched in 2023, exceeding it by more than three times.(CryptoNews) 3. ProShares seeks to add more Bitcoin ETPs with five leveraged and short ETF filings: Asset manager ProShares submitted applications for five new leveraged and inverse Bitcoin exchange-traded funds (ETF) with the U.S. Securities and Exchange Commission on Jan. 16.(CryptoSlate) -Economic Indicators- NSTR -Technological Updates- NSTR -Security Incidents and Concerns- NSTR -Bitcoin Community- 1. Bitcoin Miner Core Scientific to Emerge From Bankruptcy, Re-List Shares This Month: The company expects to see nearly $600 million in revenue this year. The miner continues to expect to keep its pole position among peers when it emerges from its bankruptcy, according to a recent presentation, anticipating 182,000 mining rigs for its own operation this year, and ramping those up to almost 1.1 million in 2027.(CoinDesk) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 60/100 (Down 4 pts) Analyst Comments (AC): As stated in comments above, Iran in acting out agressively through proxies and directly against all its enemies. While North Korea's Kim is sabre-rattling and the Ukraine war continues to slog on, Israel is decimating the Gaza region in its effort to destory Hamas. It seems war is breaking out all over. It is certain that Russia, China, Iran and North Korea are allied against the US and Western partners. Yet the interconnectedness of the world economy may be keeping the conflicts from getting too far out of hand, for now. Follow us on NOSTR: @Bitcoin Veterans ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB) Block: 826,027 DTG/ICOD: 0800EST 16Jan24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Trump Takes Iowa Caucus by Large Margin, Vivek Drops Out / Anti-Chinese wins Taiwanese Election / Milei Allowing Provinces to Use Own Currencies / Germans Ramp Up Protests Market Data: Price: 1 BTC= $43,090, 21.12oz Gold 24hr Hi: $43,319 / Lo: $42,176 Vol: $20.9B (Up 1%) Mkt Cap: $843.5B (Up 1%) HashRate: 533 EH/s Avg Fees: 24,655 sats/tx (Down 14%) Nodes: 17,143 ---Reports--- -International Events- 1. Taiwan president-elect Lai Ching-te has steered the island toward democracy and away from China: Lai, 64, emerged victorious in the election Saturday on the island of 23 million people that China claims as its own. He is currently vice president with the Democratic Progressive Party, which has rejected China’s sovereignty claims over Taiwan.(AP) 2. Zelenskyy takes center stage in Davos as he tries to rally support for Ukraine’s fight: Ukrainian President Volodymyr Zelenskyy is headlining a frenzied first full day of the World Economic Forum’s annual meeting in the Swiss ski resort of Davos, where top officials from the United States, the European Union, China, the Middle East and beyond also will be prominent Tuesday.(AP) 3. 10,000 Expected at Tractor Protest Against German Government as Truckers Join Rebels: Monday is to be the biggest day yet for German anti-government protesters as thousands of tractors and now truckers are expected in Berlin as the workers who keep society fed and clothed push back against the green agenda.(Berliner Morgenpost) -US Events- 1. Trump takes Iowa Caucus: Fresh off a record-setting victory in Iowa, Donald Trump shifted attention to his next target in the GOP nomination hunt: a New Hampshire primary that Nikki Haley hopes will stall the front-runner’s momentum. The results were Trump 51%, DeSantis 21%, Haley 19%, and Ramaswamy 8%.(WSJ) 2. Vivek Ramaswamy Drops Out of GOP Presidential Race, Endorses Trump: Vivek Ramaswamy, a biotech company founder who spent heavily from his own fortune to finance his Republican presidential bid, suspended his campaign in the 2024 primary race Monday after a disappointing finish in the Iowa GOP caucuses(WSJ) -Regulatory and Legal- 1. Argentine president to allow provinces circulate own currencies: Argentine President Javier Milei promised not to oppose provinces’ attempts to launch their own currencies after a public exchange between Milei and the governor of La Rioja province. The president believes that the market will ultimately decide on the value of the projects, but he warned that “quasi-currencies” will spur up inflation and those accepting them will end up scammed, (CoinTelegraph) (AC-The country as a whole is saddled with IMF loans which often prohibit other forms of currencies, so this move may be an "end-run" that enables Bitcoin or other forms of crypto to be used as currency in Argentina.) 2.Tether Hits Back at UN Report Alleging Role of USDT in Illicit Activity in East Asia: Tether, the issuer of the world’s largest stablecoin USDT, has challenged the United Nations' (UN) report on the role of USDT in underground banking and money laundering infrastructure in East Asia and Southeast Asia.(CoinDesk) -Central Bank Digital Currencies (CBDC)- 1. Morgan Stanley warns of Bitcoin, CBDC threat to US Dollar: In a recent investment note, Andrew Peel, the head of digital assets at Morgan Stanley, highlighted the potential threat that Bitcoin and Central Bank Digital Currencies (CBDCs) pose to the dominance of the U.S. dollar in global finance.(Cryptopolitan) -Institutional Concerns- 1. X payments secures Utah license in digital banking push: X Payments LLC, part of Elon Musk’s tech empire, has secured a Money Transmitter License from Utah, marking a major step in its U.S. expansion. The company’s successful license acquisition in Utah follows previous denials, reflecting Musk’s persistent approach and compliance with regulatory standards. Despite having licenses in several states, X Payments has yet to activate its payment gateway, indicating careful preparation for a seamless launch.(Cryptopolitan) -Economic Indicators- 1. Deflation Worries Deepen in China: With domestic demand weak, fears are growing that China will try to export its way out of trouble, raising trade tensions (WSJ) -Technological Updates- NSTR -Security Incidents and Concerns- 1. Trend Micro reveals new malware targeting crypto wallets on Windows: Firm Trend Micro recently uncovered a previously unknown malware strain, which was exploiting a now-patched security flaw in Microsoft Windows. Phemedrone Stealer focuses on web browsers and extracts data from crypto wallets, along with information from messaging apps like Telegram, Steam, and Discord. Additionally, the malware goes beyond data theft by capturing screenshots and collecting system information, including details about hardware, location, and operating systems, say cybersecurity experts. (Cryptonews) -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 64/100 (Up 8 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: @Bitcoin Veterans ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report
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BTC Daily Intelligence Bulletin (DIB) Block: 825,887 DTG/ICOD: 0800EST 15Jan24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Trump in Commanding Lead as Iowa begins voting today for Caucus / Houthi fires missiles at US warship / 2 SEALs missing near Somalia / WEF Davos kicks off today Market Data: Price: 1 BTC= $42,600, 20.8oz Gold 24hr Hi: $42,996 / Lo: $41,705 Vol: $20.7B (Up 40%) Mkt Cap: $834.5B (Down .6%) HashRate: 431 EH/s Avg Fees: 28,132 sats/tx (Up 127%) Nodes: 16,565 ---Reports--- -International Events- 1. Houses set alight as lava from volcano eruption reaches Icelandic town: Seismic activity intensified overnight near Grindavík, the fifth eruption on the Reykjanes peninsula in two years. Houses have caught fire in the fishing town of Grindavík in south-west Iceland after a volcano erupted for the second time in less than a month.(Guardian) 2. Houthi rebels fire missile at US warship in Red Sea in first attack after American-led strikes: Yemen’s Houthi rebels fired an anti-ship cruise missile toward an American destroyer in the Red Sea but a U.S. fighter jet shot it down in the latest attack roiling global shipping amid Israel’s war with Hamas in the Gaza Strip, officials said.(AP) 3.China, North Korea aggression drives record Japanese military spending splurge: Over the past month, Japan has faced increased Chinese aggression toward Japanese territory and yet another North Korean missile launch into the Sea of Japan. Cognizant of the challenges it faces, Japan has pushed forward to bolster its national security through increased defense spending, engaging in closer cooperation with the U.S. and South Korea and eliminating a ban on lethal weapons exports.(Fox) -US Events- 1. As Iowa Prepares to Vote, Focus Is on Who Places Second to Donald Trump: Voters in this state will start the 2024 Republican presidential nomination balloting Monday evening when they head to precinct caucus meetings in frigid weather that could reduce turnout for a race that former President Donald Trump has dominated. Latest poll has Trump at 48%, Haley at 20% and Desantis at 16%. (WSJ) 2. 2 Navy SEALs missing off Somalia coast were on a nighttime boarding mission: Two U.S. Navy SEALs are missing off the coast of Somalia after having fallen into the water during a nighttime boarding mission on Thursday, according to two U.S. officials. The officials said that the SEALs had fallen into the water one after the other during the boarding of a vessel by boat in the Gulf of Aden.(ABC) -Regulatory and Legal- 1. Cryptocurrency Rights Bill Lands in Indiana: A cryptocurrency bill that guarantees the non-intervention of the state government of Indiana in cryptocurrency self-custody, mining, validation, and other issues was recently introduced by Rep. Heath VanNatter in the Indiana General Assembly.(Bitcoincom) 2. Renter pays Landlord in BTC: In Rosario, the third most populated city in Argentina, a local landlord and a tenant have sealed a rental agreement where the latter will pay monthly rent in Bitcoin. According to a report in the local newspaper Paginal 12, The contract is the first of its kind in Argentina, made possible by recent law amendments by the new Milei presidential administration.(CoinTelegraph) -Central Bank Digital Currencies (CBDC)- 1. Russian’s fearmonger that digital ruble will be compulsory for pensions: Russia’s digital ruble trials started in July 2023 and it will soon be possible for citizens to request to receive their pension and other social payments in digital rubles. A report on the blogging platform DZen stoked fears that receiving pensions and state salaries in the central bank digital currency (CBDC) will become compulsory. In contrast, the head of the central bank emphasized that the use of the CBDC is voluntary. In related news, the first ATM-based digital ruble withdrawal has launched.(LedgerInsights) -Institutional Concerns- 1. Bitcoin’s Wall Street Debut Ends in Tears for Futures Traders, Leads to $83M Liquidations: Bitcoin ETFs clocked up some $4.6 billion in volumes on their first day, but market volatility hit futures speculators as prices whipsawed.(CoinDesk) 2. Blackrock’s Spot Bitcoin ETF Now Holds 11,439 BTC: Blackrock’s spot bitcoin exchange-traded fund (ETF) has acquired 11,439 bitcoin, with a market value of nearly $500 million, within two days of trading on the Nasdaq stock exchange. Blackrock’s Ishares Bitcoin Trust was among the 11 spot bitcoin ETFs approved by the U.S. SEC this week.(Bitcoincom) -Economic Indicators- 1. World Economic Forum for 2024 in Davos kicks off: This year’s edition of the World Economic Forum’s (WEF) annual meeting starts Monday, with many business leaders, heads of state and others expected to engage with each other. The WEF in Davos will run a slew of sessions for attendees under an overarching "Rebuilding Trust" theme.(FoxBusiness) -Technological Updates- NSTR -Security Incidents and Concerns- NSTR -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 52/100 (Down 19 pts) Analyst Comments (AC): The WEF's Davos meeting is the emobodiment of centralization of power in the world, and warrants continued monitoring as narratives and networks created here influence every global citizen. No where else can you see heads of state, business leaders and policy makers come together to unite in planning to aggregate political, economic, military and discursive power. Bitcoin and its threat to centralized economic power will certainly be a topic of discussion. Follow us on NOSTR: @Bitcoin Veterans ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB) Block: 825,460 DTG/ICOD: 0800EST 12Jan24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: US and UK strike over 60 Houthi targets in Yemen / Texas takes control of migrant park on border from CBP / BTC ETFs see $4.6B in volume on 1st day / Inflation rising again Market Data: Price: 1 BTC= $45,877, 22.3oz Gold 24hr Hi: $48,969 / Lo: $45,620 Vol: $43.1B (Down 16%) Mkt Cap: $898B (Down 3.3%) HashRate: 530 EH/s Avg Fees: 10,235 sats/tx (Down 65%) Nodes: 16,796 ---Reports--- -International Events- 1. US and UK carry out strikes against Iran-backed Houthis in Yemen: In response to repeated drone and missile attacks on commercial shipping in the Red Sea. US and coalition forces struck over 60 targets at 16 Iranian-backed Houthi militant locations, US Air Forces Central Commander Lt. Gen. Alex Grynkewich said. The Houthi assets included command and control nodes, munitions, depots, launching systems, production facilities, and air defense radar systems, he added. Oil Prices are up 4% on the news(CNN/Reuters) 2. Taiwan is preparing to elect a president and legislature Saturday in what many see as a test of control with China, which claims the self-governing island republic as its own territory to be unified with force if necessary. The presidential race is tight, and both China and Taiwan’s key ally, the U.S., are weighing in on political and economic issues they hope will sway voters.(AP) -US Events- 1. Texas Military Dept seizes control of park, blocks Border Patrol from entering, as part of anti-illegal immigration efforts: The state government has taken control of Shelby Park in the city of Eagle Pass, Texas, which has been at the center of the migrant crisis that has engulfed the U.S. border. Authorities have now set up razor wire and fences to block off the area.(Fox) -Regulatory and Legal- 1. Bitcoin ETFs make case for US crypto regulation: Sen. Lummis: On Wednesday, Senator Cynthia Lummis (R-Wy.) noted that SEC-sanctioned crypto funds allow expanded access for investors who "want exposure to bitcoin but are reluctant to self-custody" of digital assets. With traditional finance embracing crypto's "long-term benefits," she says that "helps make the case" for more policy guardrails in the crypto space.(Yahoo) -Central Bank Digital Currencies (CBDC)- 1. South Dakota Bill Would Exclude CBDC from State Definition of Money: A bill filed in the South Dakota Senate would expressly exclude a CBDC from the definition of money in the state, creating potentially significant roadblocks to its use as such in South Dakota. The bill was introduced as Senate Bill 58 (SB58) on Jan. 9. Similar legislation has already been signed as law in Indiana and Florida.(10th Amendment Center) -Institutional Concerns- 1. US bitcoin ETFs see $4.6 billion in volume in first day of trading: Eleven spot bitcoin ETFs - including BlackRock's iShares Bitcoin Trust (IBIT.O), Grayscale Bitcoin Trust (GBTC.P), and ARK 21Shares Bitcoin ETF (ARKB.Z), among others - began trading Thursday morning, kicking off a fierce competition for market share. Grayscale, BlackRock and Fidelity dominated trading volumes, the LSEG data showed. "Trading volumes have been relatively strong for new ETF products," said Todd Rosenbluth, strategist at VettaFi. "But this is a longer race than just a single day's trading.(Reuters) 2. Vanguard users threaten to close accounts after firm blocks spot Bitcoin ETFs: Vanguard said it won’t offer the new spot Bitcoin ETFs on its brokerage platform as they do not align with its traditional offerings. Spot Bitcoin ETFs were also reportedly not currently available for purchase on the brokerage platforms of Citi, Merill Lynch, Edward Jones and UBS.(CoinTelegraph) 3. CoinShares Exercises Option to Buy Bitcoin ETF Provider Valkyrie to Add U.S. Arm: CoinShares, based in Jersey, England, secured the option on Valkyrie Funds in November and said on Friday the decision to exercise it was a direct result of the US SEC's approval of the listing of spot bitcoin ETFs, including Valkyrie's Bitcoin Fund (BRRR).(CoinDesk) -Economic Indicators- 1. Inflation Edged Up in December: The consumer-price index increased 3.4% from a year earlier in December, the Labor Department said Thursday. The acceleration from November’s 3.1% advance shows inflation isn’t fully beaten. The December reading is well down from a 6.5% rise at the end of 2022, and inflation-adjusted wages rose 0.8% last year.(WSJ) 2. Companies Aren’t Done Cutting White-Collar Jobs: Companies including Amazon, Google and BlackRock this month have announced plans to trim their workforces. Some of the companies now cutting jobs conducted larger-scale layoffs over the past year.(WSJ) -Technological Updates- NSTR -Security Incidents and Concerns- 1. Telcoin Restores User Balances After Exploit, Records 400% Increase in Deposits: Telcoin has restored all user balances just weeks after an exploit that resulted in $1.2 million worth of funds being transferred out of some users' accounts. The issue apparently resulted from a fault in the interaction between Telcoin’s digital wallet and a proxy contract that incorrectly performed certain storage functions.(CoinDesk) -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 71/100 (Down 5 pts) Analyst Comments (AC): The response attack against the Houthi in Yemen open up yet another conflict for the US. Following Israel's response to the Hamas attacks, the US has now conducted strikes in Syria, Iraq and now Yemen in support of Israel. The fact that President Biden and the UK Prime Minister Sunak did not gather congressional/parliamental support before conducting strikes is being condemned within thier own countries. Although considered strategically necessary to thwart Iranian proxies worldwide, this campaign is not garnering political support at home. Most Americans do not understand the proxy system in place by Iran, and therefore the US reason for many of these strikes. This does not bode well politically for the current administration. Follow us on NOSTR: @Bitcoin Veterans ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB) Block: 825,308 DTG/ICOD: 0800EST 11Jan24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: 11 Bitcoin ETFs approved, start trading today / UN Opens Court against Israel for genocide charges / Oil tanker diverted to Iran Market Data: Price: 1 BTC= $47,420, 23.28oz Gold 24hr Hi: $47,647 / Lo: $44,483 Vol: $51.6B (Up 30%) Mkt Cap: $927B (Up 5%) HashRate: 644 EH/s Avg Fees: 68,343 sats/tx (Up 220%) Nodes: 17,683 ---Reports--- -International Events- 1. Israel faces genocide charges at World Court: Israel faced accusations at the World Court(UN) on Thursday of genocide in its war in Gaza, as the first residents returned to northern areas where Israeli forces have begun withdrawing, leaving behind scenes of total devastation. The case, brought by South Africa at the International Court of Justice in the Hague, accuses Israel of violating the 1948 genocide convention, enacted in the wake of the mass murder of Jews in the Holocaust, which mandates all countries to ensure such crimes are never repeated.(Reuters) 2. Armed, Uniformed Men Divert Oil Tanker to Iranian Waters: The UK said at least four men wearing black military uniforms and black masks boarded the ship early Thursday in waters between the coasts of Oman and Iran. UKMTO said the seized ship was being diverted to Iranian waters.(WSJ) 3. IMF unlocks $4.7bn for Argentina amid economic crisis, Milei austerity cuts: “Understandings were reached on a strengthened set of policies to restore macroeconomic stability and bring the current program back on track,” the IMF said in a statement on Wednesday. With this deal, Argentina’s new President Javier Milei, who took power in December and inherited a deep social, economic and financial crisis, puts back on track a $44bn bailout package with the IMF that dates back to 2018. (AlJazeera) (AC-IMF deals are often heavy-handed and have historically been negative for Bitcoin accomodation within host countries. With IMF debt loads in Argentina, Milei may not have much room for his libertarian objectives) -US Events- 1. Republican debate: Five takeaways as Haley and DeSantis face off: 1) Neither candidate held back 2) They went after Trump's record 3) They clashed on immigration 4) Ukraine was a flashpoint 5) DeSantis got more cheers, but Haley claimed victory (BBC) 2. Republican Chris Christie suspends presidential bid: The former New Jersey governor Chris Christie has suspended his campaign for the Republican presidential nomination, he announced on Wednesday evening. “It is clear to me tonight that there is not a path to win the nomination,” he said at a town hall in Windham, New Hampshire.(Guardian) -Regulatory and Legal- 1. Blockchain Association letter to Elizabeth Warren: Crypto Can Potentially Disrupt or Compete With ‘Too Big to Fail’ Banks: The Blockchain Association has rejected U.S. Massachusetts Senator Elizabeth Warren’s claims that former security officials collaborating with it seek to weaken the country’s “ability to catch and prosecute America’s enemies.” According to the nonprofit organization, ex-U.S. security officials chose to join the Blockchain Association because they “value freedom and creativity, sovereignty of the individual, and permissionless innovation.” The letter also read, “For this reason, it is far better to build the next generation of financial technology on public blockchains than it is to continue patching opaque legacy systems that have already proven wholly insufficient at combating money laundering and terrorist financing.”(Bitcoincom) -Central Bank Digital Currencies (CBDC)- 1. European Central Bank allocates over $700m to propel offline digital euro development: The ECB is allocating over $700 million from its $1.3 billion contract budget for contractors to develop offline payment capabilities for a retail digital euro. In its search for providers offering various services such as risk management, information security, and user application, the ECB disclosed its intention to assign up to 1.2 billion euros ($1.3 billion) to eligible contractors. As approximately 100 global economies contemplate launching a central bank digital currency (CBDC) to transition into the digital era and rival private cryptocurrencies, the European Union, encompassing 27 nations, is notably keen on developing its own CBDC.(Cyrptonews) -Institutional Concerns- 1. Bitcoin ETFs Secure Approval Exactly 15 Years After Hal Finney’s Iconic ‘Running Bitcoin’ Tweet: "Running bitcoin,” were the words of legendary cypherpunk Hal Finney on Jan. 11, 2009, shortly before becoming the first person to download and receive bitcoin (BTC) two days later. On Wednesday, exactly 15 years after Finney’s tweet, bitcoin got its first spot exchange-traded fund (ETF) approved by the U.S. SEC. Approved ETF providers include financial giants BlackRock (BLK) and Fidelity, while crypto native fund Grayscale’s popular Bitcoin Trust (GBTC) has been uplisted as an ETF as well. Fees on these products range from zero for the first few months (at ARK, Bitwise and Invesco) to as much as 1.5% (at Grayscale).(CoinDesk) -Economic Indicators- 1. The US CPI report is due to be released at 0830EST today. -Technological Updates- 1. Elon Musk weighs the pros and cons of Bitcoin on Mars: In a conversation with the CEO of ARK Invest, Cathie Wood, Musk initially expressed skepticism due to the extended settlement time required for Bitcoin transactions. “It would make sense to use some kind of cryptocurrency on Mars; you couldn’t use Bitcoin because the reconciliation is too long,” Musk remarked.(Cryptopolitan) -Security Incidents and Concerns- 1. SEC greenlights bitcoin ETFs even as hack sets off Washington alarms: The 'hack' on Tuesday faked out cryptocurrency investors with an errant post on the SEC’s X account, saying that the agency had approved about a dozen ETF applications. The SEC later rebutted the post’s authenticity and is investigating along with the FBI and an internal watchdog, according to a spokesperson for the regulator.(politico) -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 76/100 (Up 3 pts) Analyst Comments (AC): Following the SEC's approval of 11 BTC ETFs yesterday, trading in those ETFs will start today. Bloomberg estimates as much as $4B may flow into these ETFs on day 1, but nobody really knows what to expect since this is the first ETF not front-run by Wall Street insiders and Bitcoin is transparent compared to other assets. We can certainly expect manuever and manipulation to engineer large trading returns, so market caution is warranted and accountability sought daily. Follow us on NOSTR: @Bitcoin Veterans ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB) Block: 825,142 DTG/ICOD: 0800EST 10Jan24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Ecuador descends into chaos, state of emergency declared / Houthis launch large attack in Red Sea / SEC X account 'hacked', sends out BTC ETF green light Market Data: Price: 1 BTC= $44,648, 22.17oz Gold 24hr Hi: $47,893 / Lo: $44,648 Vol: $39.9B (Up 7.3%) Mkt Cap: $881.5B (Down 4%) HashRate: 504 EH/s Avg Fees: 21,900 sats/tx (Down 25%) Nodes: 17,688 ---Reports--- -International Events- 1. Ecuador declares war on armed gangs after TV station attacked on air: Ecuador's president has ordered that criminal gangs be "neutralised" after days of violence culminated in an attack on a television studio. Masked gunmen broke into public television channel TC's live studio during a broadcast, forcing staff to the floor. Police made 13 arrests following the attack, which injured two employees. At least 10 people have been killed since a 60-day state of emergency began in Ecuador on Monday. The emergency was declared after a notorious gangster vanished from his prison cell. It is unclear whether the incident at the TV studio in Guayaquil was related to the disappearance from a prison in the same city of the boss of the Choneros gang, Adolfo Macías Villamar, or Fito as he is better known.(BBC) 2. Houthis launch their largest Red Sea drone and missile attack, though no damage is reported: Yemen’s Houthi rebels fired their largest-ever barrage of drones and missiles targeting shipping in the Red Sea, forcing the United States and British navies to shoot down the projectiles in a major naval engagement, authorities said Wednesday. No damage was immediately reported.(AP) 3. U.S. and China keep a close watch as Taiwan heads to the polls: More than 19 million voters in Taiwan will head to the polls on Saturday to decide if the ruling Democratic Progressive Party should earn an unprecedented third consecutive presidential term — or if a leadership change is in order. On Tuesday, China launched a rocket into space that worried many in Taiwan, as the rocket went straight over the island.(CNBC) -US Events- 1. Winter storm slams central and eastern US: An exceptionally powerful storm packing nearly every winter weather threat is tracking across the central and eastern US on Tuesday. The storm has left nearly 900,000 utility customers without power. Additionally, more than 1,300 flights were canceled and more than 8,700 flights were delayed on Tuesday(CNN) -Regulatory and Legal- 1. Binance, KuCoin, Other Exchanges, Served Notice by Indian Government Removed From Apple’s App Store: Apple has removed Binance, KuCoin and other offshore cryptocurrency exchanges from its India app store days after nine entities were sent compliance show cause notices by the nation's government.(CoinDesk) -Central Bank Digital Currencies (CBDC)- 1. Nigeria cNGN stablecoin won’t launch in February after all: Nigeria’s first regulated stablecoin, the cNGN, will not be launching in February, the industry association behind its development has clarified.(CoinGeek) -Institutional Concerns- 1. Misleading SEC Post Triggers Significant Bitcoin Volatility: Bitcoin’s value experienced a turbulent Tuesday due to a rogue post from the SEC’s hijacked X account, mistakenly proclaiming the green light for all spot bitcoin exchange-traded funds (ETFs). This erroneous message sparked a rapid increase in bitcoin’s price, soaring close to $48,000. Yet, this surge was short-lived as the price promptly dropped to around $45,000 once the market recognized the false nature of the announcement. Tennessee Senator Bill Hagerty demanded clarity from the SEC, pointing to possible market manipulation.(Bitcoincom) 2. BlackRock And Ark 21Shares Lower Fees Further: BlackRock reduced fees from 0.30% to 0.25% for its spot Bitcoin ETF. BlackRock also announced 12-month fee waiver for early investors. Ark 21 Shares lowers fee from 0.25% to 0.21% for its spot Bitcoin ETF (ARKB). ARK announced a 6-month fee waiver for early participants.(CoinGape) -Economic Indicators- 1. The number of high-paying job opportunities is dwindling: Americans hoping to secure a high-paying, remote job may be out of luck as the U.S. labor market loses steam, according to a new report. Findings published by job search platform Ladders found that the number of available six-figure hybrid job opportunities plummeted nearly 70% in the three-month period from October to December. High-paying remote jobs tumbled 12%.(FoxBusiness) -Technological Updates- 1. Bitcoin Developer's Proposal to Stop 'Spam' NFTs Gets Shut Down: Luke Dashjr's technical proposal sounded innocuous enough: to make the popular Bitcoin Core software "effective with newer datacarrying styles." In reality, the effort represented a sophisticated but controversial plan to block the suddenly popular "inscriptions" known as "NFTs on Bitcoin." The proposal has been abruptly terminate without any action being taken, leading to claims of censorship by the lead proponent for the change.(CoinDesk) -Security Incidents and Concerns- NSTR -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 73/100 (Down 2 pts) Analyst Comments (AC): With open conflict in just about every continent, global security concerns are continuing to escalate. Ecuador's gang problem is a sign that smaller fiefdoms are trying to capture power while the Taiwanese continued struggle to maintain power from China highlights the never-ending struggle between centralized and de-centralized power. Similar to the economic and currency conflict our world is now re-entering, the decade ahead will continue to highight this fundamental struggle to push power higher or lower down the centralization spectrum. Follow us on NOSTR: @Bitcoin Veterans ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB) Block: 824,999 DTG/ICOD: 0800EST 09Jan24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Trump seeks trial dismissal / Biden tightens regs on gig workers / BTC decouples from Nasdaq / 1 BTC being sent to the moon Market Data: Price: 1 BTC= $46,402, 22.99oz Gold 24hr Hi: $47,218 / Lo: $44,736 Vol: $37.4B (Up 28%) Mkt Cap: $907.1B (Up 2.7%) HashRate: 510 EH/s Avg Fees: 31,205 sats/tx (Up 1%) Nodes: 17,548 ---Reports--- -International Events- 1. Russia detains U.S. citizen on drugs charges: Moscow's Ostankino District Court said that on Jan. 6 Robert Romanov Woodland had been remanded in custody until March 5 on charges relating to the illegal acquisition or possession of drugs. Woodland is a dual citizen of Russina the US, and was teaching English in Russia.(Reuters) 2. Gabriel Attal becomes France's youngest, first gay PM: France's president Emmanuel Macron on Tuesday named country's education minister Gabriel Attal with which the the 34-year-old became France's youngest and first openly gay head of government, news agency AFP reported after Elisabeth Borne resigned from the post.(Hindustan Times) -US Events- 1. Trump seeks to dismiss Georgia election interference case based on presidential immunity: Former President Donald Trump's legal team on Monday filed multiple new motions in Georgia seeking to dismiss the Fulton County election interference case against him on grounds that include presidential immunity, which they say "shields him from criminal prosecution."(ABC) 2. US Supreme Court rejects X Corp's surveillance disclosure challenge: SCOTUS on Monday rejected a request by Elon Musk's X Corp to consider whether the social media company can publicly disclose how often federal law enforcement seeks information about users for national security investigations.(Reuters) 3. New Biden Administration Rule Seeks to Make More Gig Workers Employees: The Biden administration issued a new rule Tuesday intended to put more gig workers on company payrolls, a change that could reverberate across many industries, most notably at ride-share and food-delivery companies such as Uber and DoorDash. The rule, which will go into effect in March, would impose a stricter test to determine whether companies can classify their workers as independent contractors. It would replace a 2021 rule finalized by the Trump administration.(WSJ) -Regulatory and Legal- 1. Digital asset regulatory clarity increasing, much to Binance’s dismay: Blockchain analytics firm TRM Labs released a new report Monday that suggests the ‘regulatory clarity’ that many blockchain-based operators claim to seek made significant progress last year and is poised for even greater strides in 2024. The report strikes a hopeful tone that establishing clear standards will reduce the rampant illicit activity that has prevented the digital asset sector from moving beyond the financial fringes.(CoinGeek) -Central Bank Digital Currencies (CBDC)- 1. Turkey’s CBDC trials enter 2nd phase. Decision is possible by year’s end. The central bank will conduct the second phase this year, after which it will decide whether to launch a digital lira. (leaderinsights) -Institutional Concerns- 1. SEC Issues Fresh Comments On Bitcoin ETF S-1s: As the January 10 deadline for the approval of several spot Bitcoin ETF looms, the SEC has made a notable move by sending new comments on updated S-1 filings just hours after their submission. This swift response from the SEC has sparked a debate within the community about the potential implications for the approval timeline of Bitcoin ETFs.(Bitcoinist) 2. Bitcoin Decouples From Nasdaq Amid ETF Speculation: The 40-day correlation between bitcoin and Nadaq now stands at zero, indicating a lack of relationship between the asset classes, according to data tracked by research provider Fairlead Strategies.(CoinDesk) -Economic Indicators- 1. JPMorgan raises alarms over the U.S. economy: JPMorgan has issued a severe warning about the U.S. economy and the dollar, highlighting a concerning $34 trillion national debt. The bank uses the ‘boiling frog’ metaphor to describe the gradual yet potentially catastrophic build-up of economic problems in the U.S. JPMorgan’s cautionary stance coincides with efforts by BRICS nations to challenge the dollar’s global dominance, adding to U.S. economic pressures.(Cryptopolitan) -Technological Updates- NSTR -Security Incidents and Concerns- 1. Elliptic Bolsters Public Sector Presence Amid Rising Demand for Crypto Intelligence: Blockchain analytics and data intelligence firm Elliptic is expanding its public sector practice to address the growing demand for crypto identity data from U.S. national security and law enforcement agencies.(CoinTrust) **(AC-US Law Enforcement continues to pursue intelligence on personal identities of crypto transactions worldwide. A burgeoning market of blockchain analysis for governments (not only US) will seek to DOX transaction participants and holders of crypto and bitcoin.) -Bitcoin Community- 1. Crypto Exchange Bitmex Sends Physical Bitcoin to the Moon — Expects to Land on Lunar Surface Next Month: “The bitcoin wallet in the shape of one coin will land on the Moon aboard the Peregrine spacecraft, making this the first financial asset to touch the lunar surface!” Bitmex detailed.(Bitcoincom) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 76/100 (Up 5 pts) Follow us on NOSTR: @Bitcoin Veterans ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report
TC Daily Intelligence Bulletin (DIB) Block: 824,857 DTG/ICOD: 0800EST 08Jan24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Israel targets another Hezbollah leader in Lebanon / US Congress strikes deal to avert shutdown / Nebraska bill to protect 'blockchain' / Yellen declares 'soft landing' Market Data: Price: 1 BTC= $44,125, 22.19oz Gold 24hr Hi: $45,141 / Lo: $43,244 Vol: $28.9B (Up 77%) Mkt Cap: $880.1B (Up 1.7%) HashRate: 432 EH/s Avg Fees: 31,365 sats/tx (Up 22%) Nodes: 17,571 ---Reports--- -International Events- 1. Israeli airstrike kills a senior Hezbollah commander in southern Lebanon: The Lebanese security official, speaking on condition of anonymity, said that Israel struck a commander from Hezbollah’s elite Radwan Forces, without giving his name. The strike hit a Honda SUV in the southern village of Khirbet Selm(AP) 2. China sanctions 5 US defense companies in response to US sanctions and arms sales to Taiwan: The sanctions will freeze any property the companies have in China and prohibit organizations and individuals in China from doing business with them, the Foreign Ministry said in a statement posted online. The companies are BAE Systems Land and Armament, Alliant Techsystems Operation, AeroVironment, ViaSat and Data Link Solutions.(AsahiShimbun) 3. German farmers blockade Berlin with tractors in subsidy row: Farmers in Germany have begun blockading roads in protest against subsidy cuts, with some 200 tractors parked by Berlin's Brandenburg Gate.The subsidy cuts were designed to fix a budget crisis after a court ruled the government's 2024 budget was illegal, but the cuts have backfired and there are fears the ensuing row could feed the far right's popularity.(BBC) -US Events- 1. Congressional leaders announce spending deal as shutdown threat looms: House and Senate leaders on Sunday announced a spending deal for government funding in 2024, averting a shutdown later this month even as that threat still looms. The topline numbers agreed to include $1.59 trillion for fiscal year 2024, with $886 billion for defense spending and $704 in non-defense spending. They also agreed to a $69 billion side deal in adjustments that will go toward non-defense domestic spending.(CNN) -Regulatory and Legal- 1. 'Blockchain Basics Act' Lands in Nebraska, 13 States to Introduce Crypto Legislation in 2024: The Blockchain Basics Act, a bill that seeks to protect several blockchain-based activities from being outlawed by the U.S. government, has been introduced in Nebraska. Sponsored by Sen. Eliot Bolstar, the bill is similar to the one introduced in Missouri recently, and 11 more states are expected to introduce similar regulations this year, according to the Satoshi Action Fund.(BitcoinCom) 2. South Korea To Introduce Virtual Assets Distribution & Listing Regulation: According to the report, Ahn Byeong-nam, head of the Digital Asset Research Team at the FSS, disclosed during a policy discussion that the guidelines encompass issuance volume, circulation, and listing standards.(CoinGape) -Central Bank Digital Currencies (CBDC)- NSTR -Institutional Concerns- 1. BlackRock, Other Potential Bitcoin ETF Providers Reveal Fees: BlackRock said its fee will start at 0.20%, rising to 0.30%. Fidelity listed a 0.39% fee, while Cathie Wood's investment firm ARK and asset manager VanEck both announced fees of 0.25%. Bitwise announces 0.24%.(CoinDesk) -Economic Indicators- 1. US Treasury Secretary Janet Yellen Declares 'Soft Landing' Reached, Americans Recovering Optimism: Janet Yellen, U.S. Treasury Secretary and former Chairman of the U.S. Federal Reserve, believes that the recent improvements in the American economy show that the country has achieved a soft landing. For Yellen, the recent low figures of inflation and the strength of the labor market are signs of this scenario.(Bitcoincom) -Technological Updates- NSTR -Security Incidents and Concerns- 1. North Korean Hackers: A Digital Asset Pilferage of Over $500 Million in 2023: According to the findings, DPRK-linked hackers managed to siphon off $600 million worth of cryptocurrency throughout the course of last year. Alarming indicators towards the end of December suggest that the actual total might soar even higher, potentially reaching $700 million.(CoinTrust) -Bitcoin Community- 1. Bitcoin Payments Skyrocket As Merchant Numbers Triple To Over 6,000 Worldwide: Last year, there was a substantial surge in the global count of merchants actively embracing crypto payments, marking a notable 300% increase, as reported by BTC Map(Bitcoinist) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 71/100 (Down 1 pt) Follow us on NOSTR: @Bitcoin Veterans ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report