BTC Daily Intelligence Bulletin (DIB) Block: 847,484 DTG/ICOD: 0800EST 11Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Russian Flotilla with Sub Transits off Florida / Malawi VP Dead in Plane Crash / Jurors Deliberate in Hunter Trial / Baltimore Channel Re-Opens / Pelosi Under Fire for J6 Role / Intel Bill Has Surprise Crypto Restriction / Nigeria-Binance Battle Continues / EU's Lurch Right May Slow CBDC / Privacy Worries EU / Apple Integrates ChatGPT, Musk Doesn't Trust Market Data: Price: 1 BTC= $66,837, 28.95 oz Gold, .16 Median US House 24hr Hi: $70,146 / Lo: $66,741 Vol: $32B (Up 91%) Mkt Cap: $1.32T (Down 4%) HashRate: 586 EH/s Avg Fee Rate: 28 sats/vBtye (Down 48%) Nodes: 18,409 ---Reports--- -International Events- 1. Russian Naval Ships And Nuclear Powered Sub To Visit Cuba This Week: According to the Cuban Revolutionary Armed Forces, in a statement released by the Foreign Ministry, the Russian “frigate Gorshkov, the nuclear-powered submarine Kazan, the fleet oil tanker Pashin, and the rescue tug Nikolai Chiker” will visit the port of Havana between June 12th and June 17th. (OANN) (AC-Current flight radar shows a US P-8 Poseidon sub hunter aircraft maintaining patrol east of Miami, FL as of this morning. The bigger picture is that this is a message to the US administration for its role in the Ukraine war and allowing weapons to be used inside of Russia.) 2. South Korean troops fired warning shots after North Korean soldiers briefly crossed land border: At 12:30 p.m. on Sunday, some North Korean soldiers who were engaged in unspecified work on the northern side of the border crossed the military demarcation line that bisects the two countries, South Korea’s Joint Chiefs of Staff said. Those North Korean soldiers carrying construction tools — some of them armed — immediately returned to their territory after South Korea’s military fired warning shots and issued warning broadcasts. (AP) 3. Malawi’s vice president dies in plane crash with nine others: Malawian Vice President Saulos Chilima and nine others were declared dead on Tuesday after their plane went missing during tumultuous weather a day earlier. The flight departed at 9:17 a.m. from Kamuzu International Airport and was headed for Mzuzu when aviation authorities told the aircraft to turn around because of poor visibility. The authorities soon lost contact with the plane, which “was unable to land due to poor visibility occasioned by bad weather. (WaPo) -US Events- 1. Jurors will resume deliberations in the federal gun case against President Joe Biden’s son Hunter: Jurors deliberated for less than an hour before leaving the federal courthouse in Delaware Monday afternoon. They are weighing whether Hunter Biden is guilty of three felonies in the case pitting him against his father’s Justice Department in the middle of the Democratic president’s reelection campaign. (AP) 2. Baltimore shipping channel reopens after bridge collapse: The Port of Baltimore shipping channel has fully reopened, 11 weeks after the Francis Scott Key Bridge collapsed when it was struck by a cargo ship. The US Army Corps of Engineers said the passageway where the Key Bridge buckled was now "safe for transit". The 700ft (213m) wide and 50ft (15m) deep channel has been restored to its original operational dimensions. (BBC) 3. GOP releases Jan. 6 clip of Pelosi saying 'I take responsibility' as she discussed National Guard absence: A previously unreleased video taken on Jan. 6, 2021 shows then-Speaker Nancy Pelosi, D-Calif., saying she takes "responsibility" for law enforcement's lack of preparedness when a mob stormed the U.S. Capitol that day. Pelosi quickly took to MSNBC to counter the video. (FOX) -Regulatory and Legal- 1. Senate Bill Could Open Crypto to U.S. Sanctions, but Industry Trying to Head It Off: A Senate bill meant to fund U.S. intelligence operations included a section borrowed from an earlier bill aimed at preventing the use of cryptocurrency to support terrorism. That provision, as written, could require a massive shift in the crypto industry toward identifying users' identities to prevent sanctions that could strangle digital assets businesses. Were it to become law, it would mark the most important U.S. crypto policy yet adopted – and all without significant debate about its merits. (CoinDesk) 2. Nigerian Minister: Binance Fails to Pay Taxes on Over $20 Billion Turnover (Revenue): In 2023, Binance generated revenues exceeding $20 billion in Nigeria; however, the company has not paid taxes, a government minister disclosed. The Nigerian official also seemed to refute U.S. lawmakers’ claims that Tigran Gambaryan, an imprisoned Binance executive, is being held hostage by his government. (BitcoinCom) -Institutional Concerns- 1. Bitcoin dips as ETFs break 19-day green streak, rumble over US inflation: Traders are seemingly going risk-off ahead of a U.S. CPI print and a Fed monetary policy meeting, with Bitcoin falling to a weekly low. (CoinTelegraph) -Central Bank Digital Currencies (CBDC)- 1. How will Europe’s elections impact the vote on digital euro legislation?: Introducing a central bank digital currency (CBDC) in the Eurozone within a few years is widely considered a foregone conclusion. That’s partly due to the European Central Bank’s (ECB) enthusiasm. A CBDC has the potential to be a useful tool in the hands of a benevolent government. However, those who favor free markets tend to disagree. The recent lurch to the far right should give some pause for thought. (LedgerInsights) -Economic Indicators- 1. Dollar Firms Up Ahead of Fed, CPI: The dollar index held above 105 on Tuesday after hitting a four-week high in the previous session, as investors braced for the Federal Reserve’s interest rate decision and the consumer price index report this week. (TradingEconomics) -Security Incidents and Concerns- 1. EU Innovation Hub criticizes privacy coins and crypto mixers in new report: The EU Innovation Hub, a collaborative initiative involving members from European Union agencies and member states, has published its first report on encryption. The report supported cryptocurrency and nonfungible tokens (NFT) inherent reliance on public-private cryptography for storage, mining and transfers. However, some bad actors use the system to evade law enforcement, specifically protocols and privacy coins that can “obscure” visibility on the blockchain. (CoinTelegraph) (AC-Individual privacy continues to be conflated with illegal activities.) -Technology- 1. Elon Musk: iOS 18 a ‘Security Violation’ for ChatGPT AI Integration; New Apple Ban for Tesla: It is now confirmed that Apple Intelligence is here and will soon come to iOS 18, but Elon Musk is not buying it. However, that is not yet all, as the tech billionaire is threatening to ban Apple devices in his companies, including Tesla, SpaceX, X, and more. (TechTimes) -Bitcoin Community- 1. Study: 14% of 'Early Adopter' Kiwis Own Cryptocurrency; Majority Favor It Over Real Estate: At least 14% of New Zealanders surveyed said they have owned cryptocurrency or held digital assets in the past. The findings categorize New Zealanders as early adopters, indicating they were quick to recognize the potential of cryptocurrency. Survey data reveal that only 16% of respondents would invest in real estate, compared to 60% who plan to invest in cryptocurrency. (BitcoinCom) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 74/100 (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: 847,347 DTG/ICOD: 0800EST 10Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Macron Calls Snap Election in France / EU Has Major Electoral Shift to the Right / Israel Rescues 4 Hostages in Gaza / Teton Pass Road Collapses / US Offering Defense Pact to Saudi Arabia / Ripple Meeting With Georgia Gov. Officials / Paraguay Making Moves into Bitcoin Mining Market Data: Price: 1 BTC= $69,369, 30.15 oz Gold, .16 Median US House 24hr Hi: $69,817 / Lo: $68,190 Vol: $16B (Up 40%) Mkt Cap: $1.36T (Flat) HashRate: 652 EH/s Avg Fee Rate: 55 sats/vBtye (Down 31%) Nodes: 18,803 ---Reports--- -International Events- 1. Macron takes huge risk with surprise election: President Emmanuel Macron has called snap parliamentary elections later this month in the wake of a big victory for his rival Marine Le Pen's National Rally in the European Parliament vote. The far-right party is on course to win 32% of the vote, exit polls say, more than twice that of the president's Renaissance party. Announcing the dissolution of parliament, he said the two rounds of voting would take place on 30 June and 7 July, a few weeks before the Paris Olympics. (BBC) 2. Far right surges in European Parliament elections but center still holds: After three days of voting across the European Union’s 27 member states, an exit poll showed that far-right parties were set to win around 150 of the parliament’s 720 seats, which will likely make it harder for mainstream parties to form majorities needed to pass laws. Most of the far-right gains were concentrated in countries that elect large numbers of seats: France, Italy and Germany. (CNN) 3. Israel Rescues 4 Hostages Kidnapped in Hamas Attack on Oct. 7: Heavy fighting raged in central Gaza, where the hostages were rescued, and at least 55 people, including children, were killed in multiple attacks Saturday as people fled for safety, according to Gaza’s Health Ministry. The army said it rescued Noa Argamani, 25; Almog Meir Jan, 21; Andrey Kozlov, 27; and Shlomi Ziv, 40, in two separate locations in a complex special daytime operation in the heart of Nuseirat in central Gaza. (Breitbart) (AC- The 4 hostages were held in central Gaza at a refugee camp and heavily defended by Hamas soldiers.) -US Events- 1. Wyoming's Teton Pass road collapses in landslide: ‘Catastrophic failure’: A mountain pass road near the popular tourist destination of Jackson, Wyoming, collapsed Saturday after a landslide, adding at least an hour of travel time for those who drive on the roadway. An alternate route between Jackson and the area of Victor, Idaho, goes more than 60 miles out of the way and adds "quite a bit to any commute." (Fox) 2. U.S. to Offer Landmark Defense Treaty to Saudi Arabia in Effort to Spur Israel Normalization Deal: The Biden administration is close to finalizing a treaty with Saudi Arabia that would commit the U.S. to help defend the Gulf nation as part of a long-shot deal to encourage diplomatic ties between Riyadh and Israel, U.S. and Saudi officials said. “It would be the first time the U.S. concluded a mutual defense pact that would carry the force of law since the 1960 revision of the U.S.-Japan treaty, and the first time it concluded such an agreement with an authoritarian country,” The diplomatic push for a defense pact with Riyadh marks a remarkable turnaround for President Biden, who as a candidate vowed to treat Saudi Arabia as a pariah and make it pay a price for the assassination of journalist Jamal Khashoggi, a U.S. resident. (WSJ) (AC- Interesting timing as the 50 year agreement with Saudi Arabia comes to a close this month that ensures Saudi use of the US dollar in global oil transactions (AKA Petrodollar) and the US defense of Saudi lands via the US military.) -Regulatory and Legal- NSTR -Institutional Concerns- 1. Bitcoin ETFs sucked up 2 months of BTC mining supply in first week of June: With inflows of approximately $1.83 billion, the 11 ETFs bought 25,729 Bitcoin in the trading week between June 3 and 7 — around eight times more than the 3,150 new BTC mined over the same time, according to data from HODL15Capital. (CoinTelegraph) -Central Bank Digital Currencies (CBDC)- 1. Ripple partners with National Bank of Georgia to digitize economy: The new collaboration builds on the previous partnership between the NBG and Ripple, where the latter serves as the technological partner for the NBG’s pilot CBDC project called the digital lari. (CoinTelegraph) (AC-Ripple is the leading 'crypto' company dedicated to promoting and building a slew of nation-state and global CBDCs) 2. BRICS Considers XRP: A Potential Leap for Cross-Border Payments: The Bank of Russia previously proposed a project on cross-border transfer execution. There was a rumor that this project took the Ripple payment system into account. Given its reputation for speed and economy of transactions, XRP was seen as a great starting point for creating a group cross-border settlements system. (CryptoNews) (AC-A possible 'hope' article, not confirmed through other sources) -Economic Indicators- 1. 10-Year Treasury Yield Edges Up, FOMC and CPI Awaited: The yield on the US 10-year Treasury note was around one-week highs of 4.45% as traders gear up for a significant week ahead. (TradingEconomics) -Security Incidents and Concerns- 1. Singapore alerts businesses to Bitcoin ransomware risk: Akira, the ransomware that stole $42 million from over 250 organizations across North America, Europe and Australia within a year, is now actively targeting businesses in Singapore. The alert comes after agencies, including the Cyber Security Agency of Singapore, the Singapore Police Force and the Personal Data Protection Commission, recently received several complaints from victims of the cyberattack. (CoinTelegraph) 2. Fake X Accounts Used by Scammers to Impersonate Airlines: According to consumer advocate "Which?", every major airline in the UK has fake profiles on X, formerly known as Twitter, which are regularly used to trick consumers into providing personal information. It was also mentioned that X takes too long to remove problematic accounts. (TechTimes) -Technology- 1. NASA Says Extremely Rare Nova Explosion Will Be Visible on Earth, Can Be Seen With Naked Eyes: NASA and astronomers worldwide are eagerly awaiting a rare celestial event this summer as a nova explosion in the constellation Corona Borealis is expected to be visible from Earth. (TechTimes) -Bitcoin Community- 1. Paraguayan Minister Unveils Future Economic Strategy Centered on Bitcoin Mining for Industrial Transition: Javier Gimenez, from the Paraguayan Ministry of Industry and Commerce, revealed that the government plans to take advantage of the energy sold to legal bitcoin mining operations. Gimenez stated that selling Paraguay’s energy to bitcoin mining companies is part of the government’s strategy, which seeks to rebuild its industry in three years as part of a transitional phase. (BitcoinCom) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 77/100 (Down 1 pts) Analyst Comments (AC): It seems the CBDC race is beginning to heat up. With the BRICS coalition and efforts by the BIS, combined with aggressive marketing by Ripple (XRP), CBDCs are taking a turn toward international or at least cross-border trade focuses rather than nation-state efforts that could conceivably compete with national currencies. This is significant in that it is global efforts like this that would capture economic power at a higher level than nation-states. Instead of a truly decentralized, individual P2P system like Bitcoin, a global CBDC system would put economic powers of inflation and digital permissions inherent in CBDCs into the hands of unelected bureaucrats at a global level. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 846,882 DTG/ICOD: 0800EST 7Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Is Hezbollah Next? / D-Day Services Draw World Leaders / Russian Ships Visit Cuba / Steve Bannon To Report to Prison / Man Fires Indiscriminately into SoCal Traffic, Killing 1 / China Never Banned Bitcoin Mining? / BIS MBridge CBDC Starts Up / US Banks Are Weakening / US Trade Gap Widens / Bitcoin Mining Entering Consolidation Market Data: Price: 1 BTC= $71,547, 30.17 oz Gold, .17 Median US House 24hr Hi: $71,625 / Lo: $70,119 Vol: $27B (Up 2%) Mkt Cap: $1.41T (Up 1%) HashRate: 578 EH/s Avg Fee Rate: 153 sats/vBtye (Up 202%) Nodes: 17,799 ---Reports--- -International Events- 1. Top commander in north says IDF ready for war against Hezbollah: The military’s top general in northern Israel said Thursday the army was ready to expand its conflict with the Hezbollah terror group if need be in order to bring months of deadly cross-border hostilities to a close, a day after a reservist was killed and 10 others injured in an explosive drone attack on a northern town. (TimesOfIsrael) (AC-IDF's war with Hamas is not quite finished, but Hezollah continues intermittent strikes against northern Israel. Expanding the war to include Hezbollah objectives could be a natural progression for the IDF.) 2. The last heroes of Normandy return to France 80 years after D-Day invasion: The sun was yet to rise over the beaches of Normandy when, on June 6, 1944 -- 80 years ago this week -- thousands of American sons and Allied troops began what would become the largest amphibious assault in history. Their bravery and their sacrifice would turn the tide of World War II and push Nazi Germany to defeat. (ABC) (AC-There are only a few of these heroes still alive. Listen and learn their stories while you can.) 3. 4 Russian ships to dock in Cuba next week: Four Russian ships, including a nuclear-powered submarine, will arrive in Havana next week, Cuban officials said Thursday, citing "historically friendly relations" between both nations and as tensions escalate over Western military support for Ukraine in its war with Russia. (Fox) (AC-A rather obvious signal to DC about letting Ukraine use weapons to strike deep into Russia.) -US Events- 1. Steve Bannon ordered to report to prison by July 1 to serve contempt of Congress sentence: Bannon was convicted of contempt of Congress in 2022 after failing to provide documents and testimony to the House Select committee that investigated the January 6, 2021, US Capitol attack. He was sentenced to four months in prison. (CNN) 2. Man firing at Southern California motorists, killing 1, charged with murder: The 39-year-old man arrested for reportedly firing at passing commuters in Riverside County earlier this week, killing a husband and father of four children and injuring another person, has been charged with one count of murder and six counts of attempted murder. Victor Leon was fatally shot during the incident as he returned home from his overnight warehouse shift in Moreno Valley. He is survived by his wife of 13 years and their four children. (KTLA) -Regulatory and Legal- 1. China Never Banned Bitcoin Mining, Researcher Reveals: In a striking revelation that challenges widely-held perceptions, Daniel Batten, a Bitcoin environmental impact analyst, disclosed that BTC mining was never officially banned in China. According to Batten’s research, despite widespread reports to the contrary, the so-called “ban” was actually a temporary suspension, and mining activities have largely resumed across the country. Batten’s report highlights that the hashrate within China, which is a measure of the computational power used in mining and processing Bitcoin, currently accounts for approximately 15% of the global total. (Bitcoinist) -Institutional Concerns- NSTR -Central Bank Digital Currencies (CBDC)- 1. Cross Border CBDC Project Mbridge Enters MVP Stage: Project Mbridge, the cross-border central bank digital currency (CBDC) project that seeks to integrate several currencies into a global network, has reached its minimum viable product stage. This means that each one of the participant central banks has deployed a validating node in the network, that is ready to perform real-value transactions. The project, which started as a pilot in 2021 with the collaboration of the Bank of Thailand, the Central Bank of the United Arab Emirates, the People’s Bank of China (PBOC), and the Hong Kong Monetary Authority (HKMA), is now ready to intermediate real-value transactions, according to a press release issued by the Bank for International Settlements (BIS). (BitcoinNews) (AC-This the project reported yesterday that Saudi Arabia has also joined.) -Economic Indicators- 1. US Banking Sector Teeters: $517B Unrealized Losses, 63 Troubled Institutions Flagged: U.S. banks reported an alarming increase in unrealized losses and a growing list of institutions at risk of failure in the first quarter of 2024, according to the latest U.S. Federal Deposit Insurance Corporation (FDIC) data. The FDIC report highlights $517 billion in unrealized losses and identifies 63 banks as vulnerable, marking a concerning uptick in the financial sector’s instability. (BitcoinCom) 2. US Trade Gap Largest Since October 2022 on Imports Surge: The trade deficit in the US widened to $74.6 billion in April 2024, the largest since October 2022 from a downwardly revised $68.6 billion in March and below forecasts of a $76.1 billion gap. Imports increased 8.7% to $338.2 billion, mostly due to passenger cars, computer accessories, telecommunications equipment and crude oil, while falling for transport. Exports edged up a meager 0.8% to $263.7 billion, mainly pharmaceutical preparations, electric apparatus and semiconductors. (TradingEconomics) -Security Incidents and Concerns- 1. Apple to Launch Passwords App for iPhone and Mac, Competing With 1Password and LastPass: Apple is reportedly developing this specialized password app for iPhone and Mac that could be introduced as early as next week. This move could challenge existing services. Apple's Passwords app aims to provide similar functionalities for free. (TechTimes) (AC-"If you aren't paying for the product, you are the product.") -Technology- 1. Bitdeer introduces energy-efficient Bitcoin mining chip: Bitcoin mining company Bitdeer has showcased the “SEAL04” chip in its technology roadmap for the newly launched Sealminer rig. Set for release in the second quarter of 2025, the SEAL04 chip is projected to achieve energy efficiency as low as 5 joules per terahash (J/TH). (CoinTelegraph) -Bitcoin Community- 1. Bitcoin Mining Stocks Soar Amid Takeover Frenzy: The stocks are undervalued, so miners with attractive power contracts could become M&A targets, according to Wall Street analysts. Shares of miners such as Stronghold (SDIG), Core Scientific and TeraWulf (WULF) surged more than 15%. Gains in Iris Energy (IREN), Mawson (MIGI), Cathedra (CBIT) and Argo Blockchain exceeded 10%. Larger miners such as Riot and Marathon Digital (MARA) are likely in the best position to lead this consolidation wave. (CoinDesk) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 77/100 (Down 1 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image