BTC Daily Intelligence Bulletin (DIB) Block: 837,807 DTG/ICOD: 0800EST 05Apr24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Iranian Media Issues Warning, Israel Responds / Biden Seeks Gaza Cease-Fire / Port of Baltimore to Reopen in May / Australia to Launch Nation’s First Bitcoin ETF / Paraguay Proposes Bitcoin Mining Ban / Philadelphia Fed Claims Consumers Warming to CBDC / Hawkish Fed Commentary Questions Rate Cuts / US Gas Prices Rise / Market Data: Price: 1 BTC= $66,702, 29.14 oz Gold, .15 Median US House 24hr Hi: $69,291 / Lo: $66,323 Vol: $38B (Up 31%) Mkt Cap: $1.3T (Even) HashRate: 572 EH/s Avg Fees: 10,383 sats/tx (Up 117%) Nodes: 17,991 ---Reports--- -International Events- 1. Iranian Media Issues Warning, Israel Responds: An Iranian response to Monday’s attack on an Iranian embassy is imminent and could come as soon as Friday, according to Israeli authorities. This comes as the Tehran Times vows a “Storm Is Coming” as Israel moves closer to “extinction.” Today is Quds Day (or Jerusalem Day), the last Friday in the Muslim holy month of Ramadan. It is a day on which pro-Palestinian and anti-Israeli protests often take place. The IDF has canceled all leave for all combat units and GPS was being disrupted across Israel as a defensive tactic used to interfere with weapons that may utilize GPS targeting. Israel has not officially commented on the embassy attack but has been blamed for the incident by Iranian leadership. Israel has responded by warning Iran of a massive regional war if directly attacked. (BBC) 2. Biden Seeks Gaza Cease-Fire: President Biden has warned Israeli PM Netanyahu that steps must be taken to protect civilians in Gaza following an Israeli strike that killed seven aid workers. Biden’s support for Israel’s military action in Gaza has grown increasingly strained, though the White House has not commented on what changes it could make in policy toward Israel. Biden further stated that achieving a cease-fire was essential to return Israeli hostages bring the conflict to a close. (AP) -US Events- 1. Port of Baltimore to Reopen In May: The U.S. Army Corps of Engineers announced they will open additional limited access channels to the Port of Baltimore within the next 4 weeks, with plans to restore the port to normal operations by the end of May. Salvage and recovery efforts continue at the site of the Key Bridge collapse, with crews working to lift massive steel sections. Recovery efforts are vital as the port is a crucial economic hub, with 75 containers already rerouted to provide work for longshoremen. (CBS News) -Regulatory and Legal- 1. Australia to Launch Nation’s First Bitcoin ETF: Australian asset manager Monochrome plans to launch the country's first spot Bitcoin ETF that will hold physical Bitcoin, similar to U.S.-based products. The firm has already received approval from the Australian Securities Exchange and expects Cboe Australia to clear its application by June. Unlike existing ETPs in Australia that give exposure to spot crypto assets, the Monochrome Bitcoin ETF will provide investors with a straightforward, transparent pathway to exposure. The successful launch of spot Bitcoin ETFs in the U.S. has prompted other countries to consider introducing similar products. (Cointelegraph) 2. Paraguay Proposes Bitcoin Mining Ban: Lawmakers in Paraguay have proposed a bill to temporarily ban Bitcoin and other crypto mining activities for 180 days, citing illegal mines stealing power and interrupting electricity supply. The ban also aims to regulate crypto staking, wallets, and mining until the National Electricity Administration says it can guarantee enough energy supply without affecting other users. The Alto Paraná region, home to the Itaipu hydroelectric dam, has seen a significant boom in crypto miners attracted to its abundant hydroelectric energy. The government claims there have been 50 cases of interrupted power supply linked to illegal crypto mining since February. The draft claims regulations would allow Paraguay to better supervise the industry and address issues such as lack of consumer protections and potential use in money laundering and tax evasion. (Cointelegraph) -Institutional Concerns- NSTR -Central Bank Digital Currencies (CBDC)- 1. Philadelphia Fed Claims Consumers Warming to CBDC: The Federal Reserve Bank of Philadelphia has released the results of a survey conducted a survey in late 2022 to understand consumer attitudes toward adoption of a central bank digital currency (CBDC) in the United States. According to the Fed, slightly more than half of the respondents were open to the idea of a CBDC. Respondents indicated that they would likely substitute a CBDC for their existing payment methods, such as cash, debit cards, and credit cards, in proportion to their current usage. While a small portion of respondents were resistant to the idea of a CBDC, the survey suggests there is an opportunity to increase interest and adoption if the final product is well-designed and effectively communicated to address consumer concerns. (Philadelphia Federal Reserve) -Economic Indicators- 1. Hawkish Fed Commentary Questions Rate Cuts: While Federal Reserve officials had previously pointed to as many as three rate cuts this year, Minneapolis Fed President Kashkari questioned whether rate cuts would be appropriate in 2024 if inflation continues sideways. Richmond Fed President Barkin also noted it would be “smart” for the Fed to take more time to assess inflation metrics and economic conditions before committing to any rate cuts. Markets moved lower on the news. (Nasdaq) 2. US Gas Prices Rise: The US national average for gas prices has reached $3.57 per gallon, $0.06 higher than the same time last year, with prices in California already exceeding $5 per gallon. Gasoline supplies are tight in California and on the East Coast, with stockpiles falling significantly. The increase in gas prices is driven by rising oil prices and the tense geopolitical situation the Middle East, with WTI surging above $86 a barrel and Brent crude closing above $90 per barrel for the first time since October. (Yahoo Finance) -Security Incidents and Concerns- NSTR -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 79/100 (Up 9 pts) Analyst Comments (AC): “People who think they know everything are a great annoyance to those of us who do.” – Issac Asimov. It can be easy to get frustrated with people stuck in fiat programming. But show them some grace, and it just might change their lives. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2B END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 837,675 DTG/ICOD: 0800EST 04Apr24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Taiwan Earthquake Damage Revealed, Tremors Continue / Israel Using AI to Target Hamas / Jan 6th 'leader' gets 7 years / Race to Become 1st Bank to Offer BTC ETFs / BIS Starting CBDC for Cross-Border Payments / Private Key Comprimises Lead to Large Losses Market Data: Price: 1 BTC= $66,363, 28.94 oz Gold, .15 Median US House 24hr Hi: $66,914/ Lo: $65,103 Vol: $29B (Down 31%) Mkt Cap: $1.3T (Even) HashRate: 557 EH/s Avg Fees: 4,767 sats/tx (Down 13%) Nodes: 18,103 ---Reports--- -International Events- 1. Taiwan earthquake – latest news: Death toll rises to 10 as island rocked by over 300 ‘terrifying’ aftershocks: More than 1,000 people have sustained injuries in the biggest earthquake recorded on the island in 25 years, while over 40 people remained trapped on Thursday. Over 300 aftershocks since Wednesday morning have forced “terrified” people on the island to sleep in tents outside their houses or in emergency shelters. (IndependentUK) 2. Taiwan condemns 'shameless' China's thanks for global sympathy on quake: China's Deputy Permanent Representative to the U.N., Geng Shuang told the UN, "We thank the international community for its expressions of sympathy and concern,", which immediately angered Taiwan. This shows China has no goodwill towards Taiwan, the Taiwan ministry added. (Reuters) 2. Israel is using artificial intelligence to help pick bombing targets in Gaza, report says: The Israeli military has been using artificial intelligence to help identify bombing targets in Gaza, according to an investigation by +972 Magazine and Local Call, citing six Israeli intelligence officials involved in the alleged program – who also allege that human review of the suggested targets was cursory at best. The officials said that the AI-based tool was called “Lavender” and was known to have a 10% error rate. (CNN) -US Events- 1. Deadly storms and tornadoes leave a path of destruction from Georgia to Illinois: At least three people were killed and several were injured after a powerful storm system spawned tornadoes and damaging storms from the South to the Ohio Valley. (CNN) 2. Man who used megaphone to lead attack on Capitol police sentenced to more than 7 years in prison: A Washington state man who used a megaphone to orchestrate a mob's attack on police officers guarding the U.S. Capitol during the Jan. 6, 2021, riot was sentenced on Wednesday to more than seven years in prison. Johnatakis led other rioters on a charge against a police line, "barked commands" over his megaphone and shouted step-by-step directions for overpowering officers, the judge said. (CBS) -Regulatory and Legal- NSTR -Institutional Concerns- 1. Morgan Stanley wants to beat UBS to become first Bitcoin ETF bank: Morgan Stanley is hoping to beat UBS in becoming the first wirehouse to fully approve the Bitcoin ETF. “Several sources confirm that Morgan Stanley is set to approve Bitcoin ETFs on its platform in the next two weeks,” an insider wrote on March 26. (Cointelegraph) (AC-Although this report is speculative, the groundwork is laid for such a move, and banks have publicly stated that it is their desire to offer BTC ETFs) 2. Hedge Funds Hold Record Bearish Bitcoin Bets, Data Show: Hedge funds boosted their net short positions in the Chicago Mercantile Exchange's (CME) standard bitcoin futures contracts to 16,102. That's the most since the futures began trading in late 2017, according to CFTC figures published last week. The record buildup in short positions likely reflects hedge funds' renewed interest in the carry trade. (CoinDesk) (AC-Common among many investment funds, carry trade is a counter-trade to protect investments from downside action acting as a type of insurance) -Central Bank Digital Currencies (CBDC)- 1. Seven central banks in BIS Project Agora to tokenize cross border payments: Today, the Bank for International Settlements (BIS) Innovation Hub unveiled Project Agorá, to tokenize cross border payments. This is the first project in line with its concept of a Unified Ledger. It seeks to unite seven central banks and commercial banks on a shared, programmable infrastructure to facilitate cross-border transactions. The project will encompass most of the major currencies, including the USD, Euro, GBP, and Yen. Consequently, the participating central banks are the Bank of France, Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of England, and the Federal Reserve Bank of New York. (LedgerInsights) -Economic Indicators- 1. Gold Hits Record High, Silver Sees Substantial Gains: The price of gold continues to hit unprecedented highs, with one troy ounce of .999 fine gold now trading at $2,298. Silver is also beginning to ride the wave of gold’s recent uptrend, with its value climbing 3.64% on Wednesday surpassing the $27 per ounce mark. (BitcoinCom) 2. US Companies Cut the Most Jobs in 14 Months: US-based employers announced plans to cut 90,309 jobs in March 2024, the most since January 2023, compared to 84,638 in February. (TradingEconomics) -Security Incidents and Concerns- 1. Private keys are a $239m security risk, CertiK report says: Private key compromises accounted for almost half of financial losses in onchain security breaches in Q1 2024. Private key compromises surged by a whopping 1,171% from the first quarter of 2023, when private key compromises amounted to about $19 million. (DLNews) -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 70/100 (Down 1 pts) Analyst Comments (AC): Manage your private keys well, keep them off digital plaforms, and don't lose them. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
Good morning ☕️ image
It’s the final countdown before we’re LIVE with @Robert Breedlove. Join us tomorrow at 7pm ET at youtube.com/@BitcoinVetera… Below is actual footage of Breedlove getting pumped for the show (probably)
Today is the LAST DAY to buy tickets for the Bitcoin Veterans Meetup before the price increases These tickets are going fast! Don’t miss out on one of the best meetups going down in Nashville @The Bitcoin Conference DM to get yours TODAY! image
BTC Daily Intelligence Bulletin (DIB) Block: 837,541 DTG/ICOD: 0800EST 03Apr24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Taiwan Earthquake Kills 9, Damages Much / Israel Accidental Strike Kills Aid Workers / NATO Works to Build Ukraine Long-Term Funding / Baltimore Ship Channels Open / FL Supreme Court Upholds Abortion Rulings / USG Moving Seized BTC / ARK BTC ETF Has 2 Days of Outflows / Gold, Oil Up, Trust Down Market Data: Price: 1 BTC= $66,124, 29.09 oz Gold, .15 Median US House 24hr Hi: $66,664/ Lo: $64,559 Vol: $41B (Up 9%) Mkt Cap: $1.3T (Up 1%) HashRate: 641 EH/s Avg Fees: 5,371 sats/tx (Down 22%) Nodes: 18,167 ---Reports--- -International Events- 1. Taiwan’s strongest earthquake in 25 years kills at least 9: Hundreds of others were injured in the 7.4-magnitude tremor off the island’s east coast, which was felt across the region and prompted tsunami warnings that were later lifted. TSMC has closed one of their chip factories due to the earthquake. (NBC) 2. Israel draws fire for death of aid workers as charities pull out: Some of Israel's closest allies, including the United States, on Tuesday condemned the deaths of seven aid workers who were killed by airstrikes in Gaza — a loss that prompted multiple charities to suspend food deliveries to Palestinians on the brink of starvation. (euronews) 3. NATO ministers mull 100 billion euro military fund for Ukraine: NATO foreign ministers met on Wednesday to discuss how to put military support for Ukraine on a long-term footing, including a proposal for a 100 billion euro ($107 billion) five-year fund and a plan seen as a way to "Trump-proof" aid for Kyiv. (Reuters) -US Events- 1. Second channel opened allowing some vessels to bypass wreckage at the Baltimore bridge collapse site: Work is ongoing to open a third channel that will allow larger vessels to pass through the bottleneck and restore more commercial activity, officials announced at a news conference Tuesday afternoon. A tug and fuel barge were the first vessels through the first temporary opening yesterday. (AP) 2. Democrats Descend on Florida Following State Supreme Court Abortion Rulings: The Florida Supreme Court issued two abortion-related rulings on Monday, unleashing “a frenzy of campaigning among Democrats eager to turn the Sunshine State back into the nation’s most important battleground,” The state’s high court upheld a 15-week limit on abortion, while also paving the way for a six-week abortion limit that was passed last year. (Breitbart) -Regulatory and Legal- 1. Bitcoin advocate Max Keiser slams Javier Milei’s crypto policy: Javier Milei, who secured the Argentine presidential seat last December, has introduced aggressive economic policies to rescue the country’s collapsing economy and battle the consistent devaluation of the Argentine peso, which is down 99% against the U.S. dollar since 2008. According to Keiser, the Argentine president’s decision to lump Bitcoin with crypto is a “rookie mistake.” He contended that the recent legislation, which identified Bitcoin as part of the crypto ecosystem, has set Milei’s economic reform agenda back by years. (CryptoNews) -Institutional Concerns- 1. Feds Move Bitcoin From Seized Silk Road Wallet Holding $2 Billion in Funds: Blockchain data shows that on Tuesday morning, a wallet tagged as belonging to the US DOJ started moving some of the $2 billion worth of held BTC to an address believed to be crypto exchange Coinbase. (Decrypt) 2, Cathie Wood’s ARK Bitcoin ETF has record $87M outflows, surpassing GBTC: The outflows from the Ark 21Shares Bitcoin ETF (ARKB) was $87.5 million on April 2 — roughly 1,300 BTC — according to data from Farside Investors. Today marked the second consecutive day of outflows for ARKB, which lost $300,000 in assets on its first-ever day of outflows on April 1. (CoinTelegraph) -Central Bank Digital Currencies (CBDC)- 1. Chinese Government Reveals Public Blockchain Platform for Belt and Road Initiative: Since 2013, the Belt and Road Initiative has formed the centerpiece of China’s foreign policy under Xi Jinping. It aims to extend the state’s influence through development projects in Asia, Africa and South America. The Chinese government recently unveiled plans for a new blockchain platform designed to enhance cross-border cooperation and reduce friction between Belt and Road participants. (CCN) (AC-Similar to the BRICS effort to establish a CBDC, this effort by China to establish a blockchain-based CBDC specifically for the Belt and Road Initiative would encompass many smaller countries and even compete with the US Dollar in world trade. This is the second major competitor to the USD as the world's reserve currency.) -Economic Indicators- 1. Gold Notches Record High Again: Gold prices rose to fresh record highs of $2,283 an ounce on Wednesday (TradingEconomics) 2. Oil Prices Stay Firm Ahead of OPEC+ Gathering: WTI crude futures held around $85 a barrel on Wednesday while Brent crude futures remained near $89 a barrel. (TradingEconomics) 3. US Job Openings Top Expectations: The number of job openings went up by 8,000 from the previous month to 8.756 million in February 2024, above market expectations of 8.75 million. (TradingEconomics) -Security Incidents and Concerns- 1. Cyber review board blames cascading Microsoft failures for Chinese hack: A federal review board concluded in a scathing report Tuesday that the theft of a Microsoft signing key used to spy on senior U.S. officials was a preventable failure caused by the company’s failure to appropriately prioritize security. The CSRB, established by President Biden, lays the blame for the incident squarely on Microsoft. (CyberScoop) -Bitcoin Community- 1. Arkon Energy Strikes Deal With Bitmain for 27,700 Bitcoin Mining Rigs: Ohio-based bitcoin mining and colocation company Arkon Energy announced its procurement of 27,700 bitcoin mining rigs from Bitmain, equaling a hashpower of 6 exahash per second (EH/s). (BitcoinCom) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 71/100 (Down 8 pts) Analyst Comments (AC): Commodity prices are indicative of trust in fiat initiatives such as currency or securities markets. As prices in gold, oil, housing and bitcoin continue to rise, it portrays a declining trust in the promises of the US government in upholding its obligations. There are numerous possible reasons for this phenomena, including the debt burden of the government, mistrust in politics, global insecurity, or election season. Although these reasons can be viewed as the cause of demand in hard assets, the underlying fundamental is that fiat promises only last as long as they are kept. Populations are now discounting those promises. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
Where my BVs at?! Post your flags, patches, hats and swag!! Show everyone how you #GetOnTheMission ✊
BTC Daily Intelligence Bulletin (DIB) Block: 837,391 DTG/ICOD: 0800EST 02Apr24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: School Shooting in Finland / Iran Vows Revenge After Israeli Strike in Syria / Dali Owners Deny Responsibility / Man Crashes FBI Gate in Atlanta / GBTC Selling Strong / Open Source Software Hack Shakes Techies Market Data: Price: 1 BTC= $65,469, 28.99 oz Gold, .15 Median US House 24hr Hi: $70,080/ Lo: $65,091 Vol: $45B (Up 72%) Mkt Cap: $1.29T (Down 6%) HashRate: 654 EH/s Avg Fees: 7,492 sats/tx (Up 18%) Nodes: 18,193 ---Reports--- -International Events- 1. Finland school shooting: one victim dies, 12-year-old suspect held: Three 12-year-old children were shot at a school outside the Finnish capital on Tuesday and one of the victims later died, police said, with a 12-year-old fellow pupil suspected of the attack taken into custody. 2. Iran has vowed to retaliate after it accused Israel of bombing its embassy complex in Syria on Monday: The airstrike destroyed the 'consulate' building in the capital Damascus, killing at least seven officials including Mohammed Reza Zahedi, a top commander in Iran’s elite Revolutionary Guards (IRGC), and senior commander Mohammad Hadi Haji Rahimi, according to Iran’s Foreign Ministry. “According to our intelligence, this is no consulate and this is no embassy,” Israel Defense Forces spokesperson said Monday. (CNN) -US Events- 1. Baltimore Key Bridge collapse: Dali ship owners deny responsibility for crash: Ship’s owner Grace Ocean Private Limited and operator Synergy Marine PTE denied any fault over the Francis Scott Key Bridge collapse that claimed the lives of six construction workers. (IndependentUK) 2. FBI Atlanta gate crash: Man tries to breach FBI security by tailing employees: The man attempted to follow an authorized vehicle through the gate, but was stopped by a vehicle barrier. Two other agents who were leaving at the time got out of their vehicle and detained him. (Fox5) -Regulatory and Legal- 1. Bank of Russia: Russians Transacted $51 Billion in Crypto During 2023: The institution’s recently published yearly report found that flows attributed to Russian nationals in large exchanges amounted to $51 billion in 2023, with most operations involving bitcoin and ether. (BitcoinCom) -Institutional Concerns- 1. Spot Bitcoin ETFs return to net daily outflows; Grayscale’s GBTC total outflows eclipse $15 billion: Inflows of $165.9 million from BlackRock’s dominant IBIT ETF were not enough to help overcome $302.6 million in outflows from Grayscale’s converted GBTC fund, leading to a total net outflow of $85.7 million yesterday. (BlockCryptoNews) -Central Bank Digital Currencies (CBDC)- NSTR -Technology- 1. OpenAI will no longer require ChatGPT-3.5 users to create accounts to gain access to the tool: OpenAI announced on April 1 that it would no longer require ChatGPT users to sign up to make it “easier to experience the potential of AI.” However, users without accounts will not be able to store their history of previous interactions. (CoinTelegraph) -Economic Indicators- 1. Upbeat U.S. Factory Data Powers Dollar Index to Nearly 5-Month High: The dollar index, which tracks the greenback’s value against major fiat currencies, topped the 105 mark for the first time over four months, taking the four-week gain to 2.58%. A stronger dollar makes dollar-denominated assets like bitcoin and gold expensive, potentially leading to lower demand. The PMI rose 2.5 points to 50.3 last month following February’s 47.8 reading. (CoinDesk) -Security Incidents and Concerns- 1. Thwarted supply-chain hack sets off alarm bells across DC: Andres Freund, a software engineer at Microsoft, discovered fragments of malicious code expertly hidden inside two versions of an immensely popular open-source data compression tool, known as Xz, Friday March 29, which had by then been incorporated into two versions of the widely used Linux operating system. Some researchers said state involvement is likely given how skilled the Xz exploit code was.(Politico) -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 79/100 (Even) Analyst Comments (AC): The majority of articles concerning bitcoin often focus on the technical analysis of price action or potential upsides or support levels. These articles are simply misleading when compared to the clear economic mechanics of supply and demand of the digital asset. Unlike securities which have derivative variables that may override supply/demand issues, bitcoin has less impact from such derivatives. Simply put, the most recent price action (~ 2-3 months) in BTC can be largely attributed to the buying of bitcoin from large institutional firms and the selling of the same, primarily from Grayscale Trust. In today's action for example, the price drop in BTC is most highly correlated to GBTC selling BTC as outlined in the article above. In other words, 'look for the signal through the noise'. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
Probably nothing image
Join Bitcoin Veterans LIVE on Thursday at 7pm ET with guest @Robert Breedlove Robert Breedlove is a freedom maximalist, ex-hedge fund manager, and philosopher in the Bitcoin space. To him, Bitcoin is fundamentally a humanitarian movement exposing the greatest con in human history: central banking. By learning about the connection between honest money, entrepreneurship, and civilization, we are renewing hope for the future of humanity. To this end, Robert's mission is to restore freedom, truth, and virtue in our world by tenaciously asking the question: "What is Money?" Join us and #GetOnTheMission image