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BTC Daily Intelligence Bulletin (DIB) Block: 835,535 DTG/ICOD: 0800EST 20Mar24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: IDF Kills Hamas #3 Commander / China Reacts to SECState Remarks Over Philippines / SCOTUS Rules in Favor of TX Immigration Law, Lower Judge Issues New Stay / Binance Legal Issues in Nigeria Continue / FOMC Remarks Maybe Today / Platform X Hacks Increasing / BTC Off Almost 15% From Highs Market Data: Price: 1 BTC= $63,331, 29.31 oz Gold, .15 Median US House 24hr Hi: $65,757/ Lo: $60,807 Vol: $64B (Down 5%) Mkt Cap: $1.24T (Even) HashRate: 753 EH/s Avg Fees: 10,120 sats/tx (Up 10%) Nodes: 18,265 ---Reports--- -International Events- 1. Israel Has Killed a Top Hamas Commander in Gaza: Airstrike killing Marwan Issa, the No. 3 official in the enclave, isn’t seen as a decisive blow. (WSJ) 2. Council to govern Haiti, prepare for foreign forces and elections, is almost complete: More than a week after being tasked by an international coalition to name a presidential transition council that will create a new government in Haiti and plan for elections, all but one of the panel members have been named. Eight names were to be forwarded to Haiti’s outgoing prime minister, Ariel Henry, a member of the Caribbean Community bloc known as CARICOM told the Miami Herald. Henry has said he will step down once the council is officially installed. (MiamiHerald) 3. China blasts US declaration of ‘ironclad’ alliance with Philippines: SECState Blinken promised on Tuesday during a trip to Manila that Washington retains an “ironclad” commitment to defend the Philippines. Beijing promptly responded to the US official’s statement, insisting that the US has “no right” to interfere in the South China Sea, where Beijing and Manila have competing territorial claims. (AlJazerra) -US Events- 1. Supreme Court Lifts Stay on Texas Law that Gives Police Powers to Arrest Migrants at Border: A divided Supreme Court has lifted a stay on a Texas law that gives police broad powers to arrest migrants suspected of crossing the border illegally while a legal battle over immigration authority plays out. (Breitbart) (AC- A late-night order from a 5th Circuit Judge has again halted the law, even after the SCOTUS ruling. (AP)) -Regulatory and Legal- 1. Court Orders Binance to Hand Over 'Comprehensive' User Data to Nigerian Authorities: A Nigerian high court has ordered Binance to provide the Economic and Financial Crimes Commission (EFCC) with comprehensive data relating to all Nigerian traders on its platform. The EFCC alleges it has discovered instances of price discovery, confirmation, and market manipulation on the Binance platform. (BitcoinCom) -Institutional Concerns- 1. Japan’s Trillion Dollar Pension Fund Considers Bitcoin For Diversification: On March 19, GPIF unveiled plans to devise new long-term investment policies aimed at adapting to the rapid technological changes and shifts within traditional finance. GPIF's holdings amount to approximately $1.54 trillion as of December 2023. (Forbes) -Central Bank Digital Currencies (CBDC)- 1. Russia Introduces Bill to Apply Money Laundering Controls to Digital Ruble Transactions: Lawmakers in Russia introduced a bill that would extend money laundering controls to digital ruble transactions. The proposal establishes different responsibilities for platform participants and the Central Bank of Russia, which is appointed as the main AML entity of the system. (BitcoinCom) -Economic Indicators- 1. Treasury Yields Edge Lower Ahead of Fed: The yield on the US 10-year Treasury note fell to 4.28% on Wednesday, retreating from November-highs of 4.34% touched early in the week, with traders eagerly waiting the FOMC decision later in the day. Traders are currently assigning a nearly 64% chance the first rate reduction will occur in June while the odds for July stand at 79%. (TradingEconomics) -Technological Updates- NSTR -Security Incidents and Concerns- 1. Trezor X Account Hacked, Shills Fake Crypto: Fraudulent messages from Trezor’s official account promoted a non-existent “$TRZR” token presale on the Solana network, deceiving users into sending funds to a specific Solana wallet and directing them to malicious links designed to drain their wallets. (CCN) 2. India's PM Modi Latest Victim Of Twitter Cryptocurrency Hack: Twitter disclosed Thursday that the account of Indian Prime Minister Nardendra Modi’s personal website on the social media platform was hacked, and tweets pertaining to cryptocurrency donations were sent out, Reuters reported Thursday. (Benzinga) -Bitcoin Community- 1. Bitcoin Boom In Argentina: Why More People Are Choosing Crypto Over Dollars: With inflation persistently gnawing at the value of the peso, Argentines are increasingly turning to Bitcoin as a shield against the eroding purchasing power of their currency. This trend marks a potential turning point, potentially shaking the long-held tradition of exchanging pesos for US dollars as a hedge against inflation. (Bitcoinist) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 74/100 (Down 5 pts) Analyst Comments (AC): Hacks on the platform X (Twitter) have increased significantly. The hacks have been using false accounts or have been the official accounts taken over by mobile phone sim swaps. Many high-profile people (like the Indian PM reported today) have been targeted but the analyst has also noticed almost every Bitcoin influencer has also been targeted, most often with false accounts. Work to protect your social media accounts and use more secure systems (like NOSTR) for legitimate interactions with friends and family. Consider instituting sim swap defenses such as using authenticator apps and stricter policies with your cell carriers. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
So early. We look forward to discussing this and much more with @ODELL on Thursday night, LIVE at 7pm ET image
If you thought you missed the boat with the ETFs and think the price is too high… You ain’t seen nothing yet! image
BTC Daily Intelligence Bulletin (DIB) Block: 835,352 DTG/ICOD: 0800EST 19Mar24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: SecState Warns China Over Philippines / IDF Strikes Hezbollah in Syria / SCOTUS Temporarily Halts Texas Immigration Law / GBTC Sells $643M, Causing Net Outflow, BTC to Drop / Sell Pressure on BITMEX Causes $8.9K BTC Price for 2 Minutes / Japan Ending Era of Negative Rates Market Data: Price: 1 BTC= $63,063, 29.15 oz Gold, .15 Median US House 24hr Hi: $68,552/ Lo: $62,478 Vol: $67B (Up 64%) Mkt Cap: $1.24T (Down 8%) HashRate: 534 EH/s Avg Fees: 9,057 sats/tx (Up 9%) Nodes: 18,477 ---Reports--- -International Events- 1. 'Only God can change this place': Haitians see no end to spiraling violence: "Port-au-Prince is in panic mode," a friend in the Haitian capital texted me. Residents of Petionville, a wealthier area of the city, are shaken after their most violent day so far in the country's spiraling security crisis. More than a dozen bullet-ridden bodies lay in the street - the victims of the latest gang rampage. As well as the early morning killing spree, the home of a judge was also attacked - a clear message to the country's elites vying for power. (BBC) 2. Blinken Warns China Against Armed Attack on Philippines: Secretary of State Blinken warned China on Tuesday that an “armed” attack against Philippine vessels in the South China Sea would trigger a mutual self-defense pact between Washington and Manila. (NYT) 3. Israeli missiles destroy Hezbollah warehouse in Syria: According to N12, citing reports, the advanced weapons located in the warehouse had arrived from Iran and were supposed to be transferred to Hezbollah. (JerusalemPost) -US Events- 1. Supreme Court blocks Texas from enforcing controversial immigration law for now: The so-called administrative stay will remain in place while the court considers emergency appeals from the Biden administration and others, who want the justices to block enforcement of the law while their legal challenges to it play out. Monday’s order does not include an expiration date for the stay. (CNN) 2. Chicago begins evicting migrants from shelters as residents decry a 'lack of respect': Migrants who have been evicted, as well as those who face a rapidly approaching deadline, said there has been widespread confusion about the process and frustration with being forced to leave while they still lack the resources to find their own places to stay. (NBC) 3. 6 former Mississippi law officers to be sentenced for torture of 2 Black men: The former law officers admitted in August to subjecting Michael Corey Jenkins and Eddie Terrell Parker to numerous acts of racially motivated, violent torture. In a January 2023 episode, the group of six burst into a Rankin County home without a warrant and assaulted Michael Corey Jenkins and Eddie Parker with stun guns, a sex toy and other objects. (AP) -Regulatory and Legal- 1. Argentine Senate Passes AML Reform Creating Cryptocurrency Entities Registry: The Argentine Senate passed a law that creates a registry for any institution that offers cryptocurrency services in the country. The CNV, the Argentine securities enforcer, will manage this registry, which also establishes obligations for crypto companies to deliver personal information on their customers and other data to government entities. (BitcoinCom) -Institutional Concerns- 1. BTC Maintains $65K as GBTC Outflows Hit Highest Level Ever: According to data compiled by BitMEX research, outflow from GBTC hit $643 million on March 18. Data from investment firm Farside shows that there's a net outflow from bitcoin ETFs in general to the tune of $154 million. (CoinDesk) -Central Bank Digital Currencies (CBDC)- 1. Hong Kong Launches Second Phase of Its CBDC Pilot Program: This new phase will focus on furthering the research on already examined use cases for the currency, including programmability and tokenization, and adding new, not previously explored use cases. (BitcoinCom) -Economic Indicators- 1. Japan Ends Negative Rates, Scraps Yield Curve Control: The Bank of Japan (BoJ) raised its key short-term interest rate to around 0% to 0.1% from -0.1% in March 2024, matching market expectations and halting its eight years of negative interest rates. It is the first interest rate hike since 2007, as inflation had exceeded the central bank's 2% target in over a year while the largest companies in the country had agreed to raise salaries by 5.28%, the biggest wage hike in over three decades. (TradingEconomics) 2. Brent Hovers Near Multi-Month Highs: Brent crude futures held near $87 per barrel on Tuesday, hovering close to its highest levels since early November as supply-side concerns continued to support oil prices. (TradingEconomics) -Technological Updates- NSTR -Security Incidents and Concerns- 1. Binance Denies Hack As Exchange Halts Trading: Hong Kong-based cryptocurrency exchange Binance said it won't resume trading or enable customer withdrawals until Friday amid a continued blackout blamed on a prolonged system upgrade. The suspension has sparked fears that the exchange has been hacked, though Binance, responding to such comments on Twitter, has strongly pushed back against the claim. (CoinDesk) -Bitcoin Community- 1. Bitcoin Flash Crashed to $8.9K on BitMEX: Large sell orders worth $55.49 million drove bitcoin’s price down to $8,900 on BitMEX. The overnight crash was short-lived, lasting only 2 minutes. (CoinDesk) 2. Bitcoin mining firm Bit Digital reports revenues up nearly 40%: Nasdaq-listed Bitcoin mining firm Bit Digital has announced earnings of $44.9 million for 2023 — up 39% from 2022. Bit Digital said this growth was driven by a “higher active hash rate” but was partially offset by increased network difficulty. (CoinTelegraph) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 79/100 (Up 2 pts) Analyst Comments (AC): Institutional investment action continues to drive the short-term price of Bitcoin, in the most recent case, to the downside. The long-term demand for Bitcoin remains strong as ETFs, RIAs and other institutions only begin to start investing in the digital asset and plebs continue to support price by buying the dips. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 835,225 DTG/ICOD: 0800EST 18Mar24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Putin Set to Run Russia for Another 6 Years / Niger Dissolving US Cooperation / SCOTUS Taking up Social Media Issues / Trump Says 'Bloodbath", Media Goes Crazy / Nigeria Good Study on Fiat Failures Market Data: Price: 1 BTC= $68,298, 31.63 oz Gold, .16 Median US House 24hr Hi: $68,897/ Lo: $66,372 Vol: $41B (Down 26%) Mkt Cap: $1.34T (Up 2%) HashRate: 649 EH/s Avg Fees: 8,976 sats/tx (Up 3%) Nodes: 18,547 ---Reports--- -International Events- 1. Putin extends his rule over Russia, claiming landslide win after election with no real opposition: Putin received 87.32% of the vote, Russia’s election commission said early Monday after more than 99% of ballots had been counted. Having led Russia for 24 years already, he will soon match Soviet leader Josef Stalin as the country’s longest-serving modern ruler. (NBC) 2. Israel to offer six-week Gaza truce for 40 hostages in Qatar talks, Israeli official says: Israel will send a high-level delegation headed by its Mossad chief to Qatar on Monday for mediated talks with Hamas designed to secure the release of 40 hostages in exchange for a six-week Gaza truce, an Israeli official said. (JerusalemPost) 3. Niger Termination of U.S. Military Ties Followed Accusation of Iran Uranium Deal: The decision to end military cooperation with the U.S. was announced Saturday night by a spokesman for the Nigerien junta. It deals a serious blow to the Biden administration’s efforts to contain a sprawling Islamist insurgency in the Sahel, the semiarid region south of the Sahara. It could affect a $110 million base that was built by the U.S. and is used to fly surveillance drones over West Africa. It could also possibly force the withdrawal of more than 600 American troops still stationed in Niger. (WJS) -US Events- 1. Supreme Court weighs how far federal officials can go to combat controversial posts: the Supreme Court on Monday is taking up a dispute between Republican-led states and the Biden administration over how far the federal government can go to combat controversial social media posts on topics including COVID-19 and election security. The justices are hearing arguments in a lawsuit filed by Louisiana, Missouri and other parties accusing officials in the Democratic administration of leaning on the social media platforms to unconstitutionally squelch conservative points of view. (AP) 2. Trump "Bloodbath" Comments Have Differing Interpretations in Medida: Biden Communications Director Tyler: Trump’s Bloodbath Comments ‘Endorsement of Political Violence’ (MSNBC); Biden campaign says Trump ‘wants another January 6’ after Ohio ‘bloodbath’ prediction (Independent); Joe Concha slams media members for taking Trump's 'bloodbath' comment out of context: 'A lie in all caps' (Fox) (AC-In the first media salvo of the 2024 election season, Trump's comments at a rally that were aimed at the Chinese Communist Party, not the US electorate, were taken fully out of context and spread like seed among the MSM headlines. As the narratives will continue to reinforce predetermined beliefs, this year's news reporting will require work just to ascertain facts from agenda.) -Regulatory and Legal- 1. Nigeria's SEC Proposes 400% Increase to Crypto Firm Registration Fees: The regulator proposed increases to all supervision fees as the government blamed crypto for recent economic woes. The proposals come as the Nigerian naira weakens to record lows against the dollar, with the government blaming the crypto industry for facilitating illegal capital outflows. (CoinDesk) -Institutional Concerns- 1. US Captures 83% of Spot Bitcoin ETF Market, Overtaking Canada: Countries where spot Bitcoin ETFs are incorporated are: G20 countries US, Canada, Germany, Brazil and Australia, the tax havens Bermuda, Jersey, Switzerland, Liechtenstein and Guernsey. Hong Kong could be the first Asian country with a spot Bitcoin ETF, with regulators there prepared to receive applications. The US has established itself as the top country for spot Bitcoin ETFs, with $34.78 billion in combined assets across the 10 spot Bitcoin ETFs approved early this year. (CoinGecko) -Central Bank Digital Currencies (CBDC)- NSTR -Economic Indicators- 1. The Federal Open Market Committee (FOMC) will meet this week to decide on any changes on the Fed Interest Rate. 2, Brent Gains on Geopolitical Risks: Brent crude futures rose toward $86 per barrel on Monday, the highest since early November and extending gains from last week as heightened geopolitical risks continued to spark supply concerns. (TradingEconomics) -Technological Updates- NSTR -Security Incidents and Concerns- NSTR -Bitcoin Community- 1. Bitcoin Miners Near Final Month Before Reward Halving Slashes Revenues: There are 34 days left until the Bitcoin network’s halving event, expected on or around April 20, 2024, which will reduce miners’ rewards by half. Bitcoin’s price has remained above $60,000 throughout March, reaching close to $74,000 on March 14. Between onchain fees and the price increase, these factors could offset revenue losses from the halving for miners. However, the halving will make mining much less profitable, particularly for those with high operational costs, potentially leading some to cease operations. (BitcoinCom) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 77/100 (Down 5 pts) Analyst Comments (AC): Studying the economic woes in Nigeria and the government lashing out against cryptocurrencies and exchanges, gives an idea of effects of government fiat money printing, it's effect on populations, their attempts at running to safe stores of value, and the government's reaction to stop it. It's a good lesson in the battle for good money and how it may take place in other countries. In the case of Nigeria, rampant inflation is causing major economic woes for companies and civilians. The government then tried to force the population to adopt and use a CBDC which was quickly and roundly dismissed by the people. Cryptocurrencies, namely the USDC, was adopted quickly and the government targeted the exchanges, like Binance, recently running them out of the country. Continue to watch events unfold here as the fundamental dynamics give us a good preview of things to come in other countries. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
Join us LIVE on Thursday at 7pm ET We’ll be talking to @ODELL! Odell is a cofounder of OpenSats and Bitcoin Park and is a managing partner at Ten31, the world’s leading bitcoin technology investor Grab a bourbon, grab a buddy, and join us LIVE for a great experience! image
“If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.”
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True bitcoiners with healthy time preferences don’t fear dips. We welcome them. It’s another opportunity to buy the most perfect, pristine asset the world has ever known. We know where this is going and we’re ready for it.
BTC Daily Intelligence Bulletin (DIB) Block: 834,795 DTG/ICOD: 0800EST 15Mar24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Putin Set for Reelection / Ukraine Targeting Russian Refineries / US Republicans Agree on Ukraine, Israel Funding / Blackrock Sets Another ETF Record / BTC has 5% Correction / El Salvador Moves BTC into Cold Storage Market Data: Price: 1 BTC= $67,675, 31.23 oz Gold, .16 Median US House 24hr Hi: $73,063/ Lo: $65,630 Vol: $86B (Up 93%) Mkt Cap: $1.33T (Down 7%) HashRate: 557 EH/s Avg Fees: 9,338 sats/tx (Up 3%) Nodes: 18,547 ---Reports--- -International Events- 1. As Putin eyes sure reelection, Russia’s economy defies sanctions, critics: Russian president is all but guaranteed fifth term in power comes as economy has outperformed expectations. (AlJazerra) 2. Palestinian leader appoints longtime adviser as prime minister in the face of calls for reform: Mohammad Mustafa, a United States-educated economist and political independent, will head a technocratic government in the Israeli-occupied West Bank that could potentially administer Gaza ahead of eventual statehood. (AP) 3. Ukraine is bombing Russian oil refineries right when Russia really needs its oil money: On Tuesday, Bloomberg reported that the country’s oil exports had crept up to 3.7 million barrels a day, their highest level this year. Then, on Wednesday, the Associated Press reported that Ukrainian forces had attacked three oil refineries in two days, including the biggest facility operated by Rosneft, Russia’s biggest oil company. (Quartz) -US Events- 1. Jurors found both a school shooter’s father and mother guilty of manslaughter: A jury issued a groundbreaking verdict in Michigan Thursday, finding James Crumbley, whose son killed four students at a Michigan high school in 2021, guilty of four involuntary manslaughter counts in a case that experts say could set an important precedent for the extent to which parents of school shooters can be held responsible. (CNN) 2, House Republicans will pass Ukraine aid after backing down on border demand: The news was made on Thursday at the House Republican retreat, with Speaker Mike Johnson telling reporters that bills to further fund both Ukraine’s defence and Israel’s military effort against Hamas would be brought up separately in the coming weeks. (IndependentUK) -Regulatory and Legal- 1. Hong Kong Regulator Says Crypto Exchange MEXC Has Been Operating Without a License: This is not the first time MEXC has fallen foul of regulators. Last April Japan's Financial Services Agency said the exchange had been operating in the country without registration, as did Germany's Federal Financial Supervisory Authority as recently as October. (CoinDesk) -Institutional Concerns- 1. BlackRock Bitcoin ETF sets new daily volume record amid market fluctuations: On March 14, nearly 100 million shares of BlackRock’s spot Bitcoin ETF were traded, totaling over $3.9 billion in trading volume. This surpasses the previous record of $3.7 billion set less than ten days ago on March 5, marking a significant milestone for the fund. (Cryptopolitan) 2. Cetera Financial Group unveils policy to allow Bitcoin ETF exposure for RIAs, brokers: Cetera is one of the largest wealth management services in the US, with over $475 billion in assets under management. -Central Bank Digital Currencies (CBDC)- 1. Banco Do Brasil to Test Offline Payments in Brazilian CBDC Pilot: Banco Do Brasil, a bank owned in its majority by the Brazilian state, are partnering to explore the possibilities of bringing offline payments to the future Brazilian CBDC, Drex. The joint initiative will include this functionality in Drex’s pilot, to extend access to financial services to Brazilians with difficult or no access to internet in secluded areas. (BitcoinCom) -Economic Indicators- 1. US 10-Year Treasury Yield Steadies on Friday: The yield on the US 10-year Treasury note steadied at 4.28% on Friday, after climbing by 19bps this week. (TradingEconomics) 2. Bitcoin Falls from Record Levels: Bitcoin dropped 5% to around $67,100 from its peak of nearly $74,000, as concerns of a potential bubble increased amidst fluctuating global risk sentiment. Coinglass data showed $526 million in bullish crypto bets were liquidated in the past 24 hours, the highest amount in two weeks. (TradingEconomics) -Technological Updates- 1. Mutiny’s New Browser-Based Bitcoin Wallet on Lightning Avoids App Store Restrictions: Mutiny, a Bitcoin wallet startup, released on Thursday a beta version of what it says is the first self-custodial Lightning wallet that runs on the web. “Our main difference compared to other Lightning wallets like Phoenix and Muun is that our wallet is a progressive web app (PWA),” Giorgio told CoinDesk. “So we can ship and push updates that are not restricted to the limitations of the Apple or Google store platforms.” (Yahoo) -Security Incidents and Concerns- 1. Pro-Palestinian hackers claim to have hacked Viber: Handala Hack, a pro-Palestinian hacktivist group, claims to have breached the Viber instant messaging service. It wouldn’t be the first time – Viber is much easier to hack compared to similar apps. (CyberNews) -Bitcoin Community- 1. El Salvador’s Cold Wallet: President Bukele Announces First Bitcoin Piggy Bank: President Nayib Bukele took to Twitter to reveal, “We’ve decided to transfer a big chunk of our Bitcoin to a cold wallet and store that cold wallet in a physical vault within our national territory. You can call it our first Bitcoin piggy bank” (CoinPedia) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 83/100 (Down 5 pts) Analyst Comments (AC): BTC Price swings are showing highly favorable to institutional whales drawing correlation speculation. Any dip like the present one may be a good time to purchase more BTC. (not investment advice) Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image