Bitcoin Veterans's avatar
Bitcoin Veterans
npub1qktt...ms0r
Bitcoin Veterans - A Veteran Support Group whose mission is to connect and coordinate Veterans to advance our Oaths of Defending Freedom
BTC Daily Intelligence Bulletin (DIB) Block: 838,750 DTG/ICOD: 0800EST 11Apr24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Higher Inflation Surprises Markets / FISA Renewal Shot Down / IDF Kills 3 sons of Hamas Leader / SEC Commissioner is Rare Crypto Supporter / Most EFT Inflows Still Retail, Not Institutional / KC Fed Reports on CBDC Study / Proton Ups Pro-Privacy Portfolio Market Data: Price: 1 BTC= $70,117, 30.05 oz Gold, .16 Median US House 24hr Hi: $71,256/ Lo: $67,503 Vol: $37B (Up 13%) Mkt Cap: $1.38T (Up 2%) HashRate: 547 EH/s Avg Fees: 11,985 sats/tx (Up 38%) Nodes: 17,969 ---Reports--- -International Events- 1. South Korea's opposition wins in landslide parliamentary elections: South Korea's liberal opposition party won a landslide victory in the country's parliamentary elections, putting President Yoon Suk Yeol in a challenging position for the three remaining years of his term. (NPR) (AC-This is a move leftward in political parlance, as the Liberal Party is left of the People Power Conservative Party) 2. Israeli attack kills three sons of Hamas political leader Ismail Haniyeh: The Israeli military has confirmed it killed three sons of Hamas political leader Ismail Haniyeh in an air attack in Gaza. Four of Haniyeh’s grandchildren are also reported to have been killed in the strike on the Shati refugee camp on the first day of Eid al-Fitr. (ALJazerra) 3. Vietnamese billionaire sentenced to death for $44bn fraud: In Ho Chi Minh City, a 67-year-old Vietnamese property developer was sentenced to death on Thursday for looting one of the country's largest banks over a period of 11 years. It's a rare verdict - she is one of very few women in Vietnam to be sentenced to death for a white collar crime. (BBC) -US Events- 1. House Lawmakers Strike Down FISA Renewal Measure: House lawmakers voted against a procedural measure that would have begun debate to reauthorize Section 702 of the Foreign Intelligence Surveillance Act, hours after former President Donald Trump encouraged lawmakers to “KILL FISA.” (Forbes) 2. EPA has limited six ‘forever chemicals’ in drinking water - but there are 15,000: Strong new limits for some PFAS compounds in drinking water set by the US Environmental Protection Agency this week are being celebrated for how far they go in reducing exposures to the dangerous chemicals. The rules also address only six compounds, although about 15,000 PFAS exist, and the vast majority remain unregulated or unstudied.(Guardian) -Regulatory and Legal- 1. 'What Are We Waiting for'? SEC Commissioner Hester Peirce Discusses Moving Crypto Regulation Forward: Known for her fiery dissenting opinions, "Crypto Mom" discusses how the SEC operates, why she wants to see crypto thrive and her "Safe Harbor" proposal to allow projects to decentralize. (CoinDesk) (AC-A rare champion for 'crypto' on the board of commissioners at the SEC is often at odds with Chairman Gensler. The bitcoin community may consider supporting her efforts) -Institutional Concerns- 1. 90% of Bitcoin ETF inflows are still retail — VanEck CEO: Bitcoin exchange-traded funds (ETFs) have attracted significant amounts of capital in 2024, but traditional banks and institutional investment have yet to enter the fray. (CoinTelegraph) -Central Bank Digital Currencies (CBDC)- 1. Russian Central Bank Chief: Mass Adoption of Digital Ruble Expected in 5 to 7 Years: Elvira Nabiullina, chair of the Bank of Russia, has stated that the pilot phase for the digital ruble will be extended, but any decision on mass scaling will not be made before 2025. (BitcoinCom) 2. Observations from the Retail CBDCs of the Caribbean: Three retail central bank digital currencies (rCBDCs) have been issued in the Caribbean, but thus far all have struggled to achieve expected adoption from both consumers and merchants. The efforts to launch these rCDBCs offer three takeaways: 1) the underlying technologies of rCBDCs may have little effect on adoption; 2) an rCBDC may need to demonstrate value added to entice consumers to use it; and 3) an rCBDC platform may need to be integrated into the larger financial ecosystem to be widely adopted. (KansasCItyFed) -Economic Indicators- 1. US Stocks Fall Sharply After Hot Inflation Report: Stocks in the US declined sharply on Wednesday, with the three major averages down about 1%, as bets for the Fed's rate cuts this year declined following another hotter-than-expected inflation print. The CPI rose by 3.5% in annual terms in March from 3.2% in the earlier month and above market expectations of 3.4%, while the core gauge surpassed estimates for a fourth straight month at 3.8%. (TradingEconomics) 2. US 10-Year Treasury Yield Soars to 4.55%: The yield on the US 10-year Treasury surged to 4.55% on Wednesday, over 25bps above the session lows, to the highest level in five months. (TradingEconomics) -Security Incidents and Concerns- 1. Proton picks up Standard Notes to deepen its pro-privacy portfolio: Switzerland-based Proton, the privacy-focused firm behind end-to-end encrypted (E2EE) webmail ProtonMail and other apps, has acquired Standard Notes, a note-taking app founded back in 2017. It offers the same kind of robust privacy promise to its 300,000+ users by also applying E2EE. (TechCrunch) -Bitcoin Community- 1. Bitcoin mining difficulty sets new high of 86T pre-halving: Bitcoin mining difficulty has experienced another adjustment before the upcoming Bitcoin halving, hitting a new all-time high of 86.4 trillion. (CoinTelegraph) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 76/100 (Down 2 pts) Analyst Comments (AC): The article from the KC Federal Reserve Bank is interesting in that the US Fed is studying implementations of CBDCs across the globe. The takeaways are telling, in that without some sort of incentive or coercion, the retail CBDCs will not be readily adopted. This opens the door for discussion on how to force populations to adopt a CBDC such as a manufactured crisis or monetary incentives such as UBI. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
Join Bitcoin Veterans LIVE Thursday night at 7pm ET with guest @Brian De Mint Brian is the Chief Marketing Officer at Orange Pill App, the Amazon Best Selling author of Bitcoin Evangelism, and author of the upcoming book "Parallel". This month marks 10 years in Bitcoin for Brian. He's a black belt in Brazillian Jiu Jitsu, former MMA fighter, and a father of four. Tune In or Tap Out!! image
BTC Daily Intelligence Bulletin (DIB) Block: 838,599 DTG/ICOD: 0800EST 10Apr24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Italy Hydroelectric Plant Explodes / Russia Floods are Historic / DHS Chief Impeachment Full Political Theater / Hong Kong Fast-Tracking BTC ETFs / 2022 Survey Says 53% of Americans 'Warm' to CBDC / CPI Data Today / Insiders Get Economic Data Before Everyone Else in US Market Data: Price: 1 BTC= $69,125, 29.36 oz Gold, .16 Median US House 24hr Hi: $70,951/ Lo: $68,212 Vol: $33B (Down 3%) Mkt Cap: $1.36T (Down 3%) HashRate: 643 EH/s Avg Fees: 9,495 sats/tx (Up 12%) Nodes: 17,439 ---Reports--- -International Events- 1. Italy hydroelectric plant explosion kills at least three workers: The blast on Tuesday was at power company Enel’s decades-old Bergi plant, south of Bologna, and happened during maintenance work, according to authorities. Regional fire chief Francesco Notaro told local media that part of the nine-story underground structure collapsed, starting a fire, causing flooding at depths of up to 60 meters (200 feet). (Guardian) 2. Russia’s Orenburg Region Battles Historic Flood: Russia’s southern Orenburg region has been grappling with its worst flooding in decades, with 55 cities and towns fully or partially flooded and thousands evacuated in an unprecedented emergency. According to authorities, almost 7,000 houses were submerged in Orsk over three days and about 2,500 people, including 704 children, were evacuated. -US Events- 1. GOP squeezes Dems on Mayorkas: ‘I would not want to be them’: Senate Republicans are trying to orchestrate the impeachment trial of Homeland Security Secretary Alejandro Mayorkas to exact maximum political pain on their top Democratic targets in November. “Any senators who vote against holding an impeachment trial for Secretary Mayorkas are absolving Mayorkas and the Biden Administration of their roles in creating this border crisis, and we will hold them accountable in November,” (Politico) 2. Congress one step closer to reauthorizing controversial federal surveillance tool: A bill to reauthorize FISA’s Section 702 passed through the House Rules Committee on Tuesday night, the final hurdle for a piece of legislation before it’s considered House-wide. It passed in a 9 to 2 vote. Section 702 is a provision that allows the federal government to conduct warrantless surveillance of a foreign national outside the U.S. if they’re suspected of ties to terrorism — even if the person on the other end of the communications is an American citizen. (Fox) 3. Florida woman is sentenced to a month in jail for selling Biden's daughter's diary: Aimee Harris admitted in 2022 that she received half of the $40,000 Project Veritas paid for personal items belonging to the president’s daughter Ashley Biden. (NBC) -Regulatory and Legal- 1. Senator Tim Scott accuses Biden admin of using crypto as 'scapegoat' on illicit finance: During a Senate hearing on April 9, Senator Scott accused the current US administration of making digital assets a scapegoat in its efforts to combat terrorism financing while overlooking more significant traditional funding sources, specifying those that fund Iran. (CryptoBriefing) -Institutional Concerns- 1. Hong Kong regulator fast-tracks Bitcoin spot ETF approvals: The Securities Regulatory Commission of Hong Kong has reportedly expedited the approval process for four spot Bitcoin. According to local news outlet Tencent News, the first batch of spot Bitcoin ETFs is set to be approved in the region by April 15. (CoinTelegraph) -Central Bank Digital Currencies (CBDC)- 1. Survey: 52.6% of Americans warming up to CBDCs: The Consumer Finance Institute of the Federal Reserve Bank of Philadelphia has published the results of a 2022 survey asking Americans their views on CBDCs. Overall, 52.6% of the respondents were deemed ‘warm’ to CBDCs, representing a slight majority. Young people, high earners, non-whites, and males were most likely to be warm. Only 42% of the respondents selected the privacy of payments as a top concern. (CoinGeek) (AC- Although the 2022 data is already somewhat dated, the survey reveals the level of ignorance and apathy toward the control assumed by CBDCs over individuals.) -Economic Indicators- 1. US Mortgage Rates Back to 7%: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) rose by 10bps to 7.01% in the week ended April 5th, 2024, reaching the highest level in five weeks. (TradingEconomics) 2. US CPI data is due today and expected to be around 3.4% annual inflation rate (a rise from 3.2% last month). 3. Cocoa Extends Gain Back Toward Record High on Global Shortage: Futures climbed as much as 1.6% to head for a fourth straight increase. Prices have surged this year — recently exceeding $10,000 a ton — as poor West African harvests put the world on course for another annual deficit, threatening to further raise chocolate prices. (YahooFinance) -Security Incidents and Concerns- 1. Scandal Rocks Biden's Labor Dept For Lying About Sharing Non-Public Inflation Data With Secret Group Of Wall Street "Super Users": A little over a month ago, a scandal erupted among the small group of economists who keep a close eye on the monthly inflation data reported by the Biden Department of Labor, when they learned that there is an even smaller, and much more exclusive group of economists called "super users" who get preferential treatment from the BLS, including wink-wink-nudge-nudge explanations of where the data may diverge from expectations. These "super users" are financial firms JPMorgan, Blackrock and others. (ZeroHedge) -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 78/100 (Down 2 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
Tickets are going fast for the Bitcoin Veterans Meetup Two free drinks, tons of games, and amazing people This is THE BEST deal you will find in Nashville during the entire @The Bitcoin Conference Don’t miss out. DM for tickets today! image
BTC Daily Intelligence Bulletin (DIB) Block: 838,444 DTG/ICOD: 0800EST 09Apr24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: US Stepping Up Pacific Strategy / Idaho Teen Arrested for Planning Attack for ISIS / US Treasury Citing National Security for Increasing Power Against Crypto / Swiss Central Bank Says No to CBDC / Japanese Firm Follows MSTR BTC Strategy / China Excited for BTC ETFs / US Privacy Law May Centralize Legal Power Market Data: Price: 1 BTC= $70,811, 30.12 oz Gold, .16 Median US House 24hr Hi: $72,715/ Lo: $69,654 Vol: $35B (Up 10%) Mkt Cap: $1.39T (Down 2%) HashRate: 582 EH/s Avg Fees: 8,224 sats/tx (Up 98%) Nodes: 17,194 ---Reports--- -International Events- 1. U.S., Japanese and Australian Warships Join Philippine Forces in South China Sea Patrol: Six warships and four aircraft from Australia, Japan, the Philippines, and the United States conducted a joint patrol in the South China Sea on Sunday following Chinese harassment of Philippine Navy resupply missions in the region. China Coast Guard and Chinese maritime militia have blasted water cannons, conducted blocking maneuvers, deployed long-range acoustic devices, and rammed vessels in a series of increasingly aggressive moves against Philippine vessels. (USNINews) 2. U.S., Japan to announce military cooperation, joint NASA lunar mission: The leaders of the United States and Japan this week will commit to modernizing their military alliance, with the aim of eventually creating a truly operational hub for the most consequential defense partnership in the Pacific. -US Events- 1. Idaho teen arrested for allegedly plotting to attack church in name of ISIS: An 18-year-old from Idaho was arrested Saturday and accused of plotting to kill churchgoers in his town in the name of ISIS, according to court documents unsealed Monday. Alexander Mercurio was charged in a criminal complaint with providing material support to a foreign terrorist organization. He remains in custody and has not entered a plea, according to court records. (CBS) -Regulatory and Legal- 1. US Treasury Seeks Stronger Crypto Controls for National Security: Deputy Secretary Adewale O. Adeyemo has called upon lawmakers to authorize the implementation of a secondary sanctions tool tailored specifically to target foreign entities involved in illicit financial transactions facilitated through digital assets. (CoinGape) 2. International court rules Switzerland government violated human rights in landmark climate case brought by 2,000 women: The European Court of Human Rights (ECHR) in Strasbourg, France delivered its ruling in a case brought by more than 2,000 Swiss women, the majority of whom are in their 70s, against Switzerland’s government. They argued that climate change-fueled heat waves undermined their health and quality of life, and put them at risk of dying. (CNN) -Institutional Concerns- 1. 10 US Bitcoin ETFs Amass Over 519,000 BTC, With Blackrock Leading at 50.81%: The latest data reveals that Blackrock’s spot bitcoin exchange-traded fund (ETF) has increased its bitcoin portfolio, now encompassing 263,937.48 bitcoins valued at $17.88 billion. Adding in the Grayscale ETC, the holdings of these 11 U.S. exchange-traded funds represent 4.29% of the total supply. (BitcoinCom) 2. Metaplanet Shares Soar as Japanese Firm Mimics MicroStrategy on Bitcoin Buying: Metaplanet, a Web3 infrastructure provider, saw its Tokyo-listed stock rise almost 90% in two days after saying it was adding $6.56 million in bitcoin to its balance sheet. The company, which started as a budget hotel operator under the name Red Planet before becoming a Web3 software developer, said it is looking to minimize its exposure to the Japanese yen.(CoinDesk) 3. Bitcoin ETF Frenzy Reaches China As Top Funds Apply For Approval In Hong Kong: China’s financial giants Harvest Fund and Southern Fund have recently filed applications to launch a new spot Bitcoin ETF, according to local media outlet Securities Times. (Bitcoinist) -Central Bank Digital Currencies (CBDC)- 1. Swiss central bank sees no need for public CBDC as risks outweigh benefits: Switzerland is unlikely to introduce a public central bank digital currency (CBDC) in the near future, as risks associated with the technology still outweigh potential benefits, Reuters reports, citing Thomas Jordan, the head of the Swiss National Bank (SNB). (Reuters) -Economic Indicators- 1. US Small Business Optimism Lowest since 2012: The NFIB Small Business Optimism Index in the US fell for a third consecutive month to 88.5 in March 2024, the lowest since December 2012 and well below forecasts of 90.2.(TradingEconomics) 2. Stablecoins Are Seeing Adoption as a Cross-Border Settlement Mechanism: The stablecoin market is growing and these cryptocurrencies are being adopted for cross-border settlements with payments firms, fintech companies and consumer platforms among the early users. There have been signs of stablecoin adoption by payments firms such as Paypal (PYPL) and Visa (V) and consumer fintech platforms such as Grab (GRAB) in Singapore and Mercado Libre (MELI) in Latin America. (CoinDesk) -Security Incidents and Concerns- 1. New landmark federal privacy legislation years in the making would set the stage for a new era of privacy litigation in courts across the country. If enacted, the American Privacy Rights Act, unveiled April 7, would be the first comprehensive federal privacy law and usher in new privacy rights, including the ability to directly sue companies for alleged violations. The bill, which would also preempt comprehensive privacy laws enacted by states, could shake up enforcement dynamics, which under a patchwork of state laws have largely fallen to state attorneys general. The bill would largely leave the FTC’s privacy enforcement powers intact while introducing greater oversight. (BloombergLaw) -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 80/100 (Up 4 pts) Analyst Comments (AC): It's encouraging to see another firm following the bitcoin accumulation strategy of Microstrategy. The market reacted to the news by increasing the share price of the company over 90% in 2 days. Japan, in particular, could do well to adopt bitcoin-friendly strategies after decades of economic woes. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 838,293 DTG/ICOD: 0800EST 08Apr24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: IDF Withdraws from South Gaza / Ecuador Police Storm Mexican Embassy to Arrest Former VP / Elon Musk Attacks Brazil High Court Judge, Causes New Investigation of X / Eclipse Fever Hits US / Biden to Announce New College Loan Forgiveness / NJ 4.8 Earthquake / Coinbase Secures Dealer License in Canada / Market Data: Price: 1 BTC= $72,435, 30.93 oz Gold, .17 Median US House 24hr Hi: $72,595/ Lo: $68,920 Vol: $31.5B (Up 59%) Mkt Cap: $1.42T (Up 4%) HashRate: 695 EH/s Avg Fees: 4,677 sats/tx (Down 2%) Nodes: 17,529 ---Reports--- -International Events- 1. IDF withdraws all ground troops from southern Gaza, leaving just one brigade in the enclave: Overnight, the IDF withdrew all ground troops from the southern Gaza Strip, after four straight months of fighting in the Khan Younis area. The Nahal Brigade is tasked with securing the so-called Netzarim Corridor, which enables the IDF to carry out raids in northern and central Gaza. (TimesOfIsrael) 2. Ecuador faces outrage after storming Mexican embassy to arrest former VP: Police stormed the Mexican embassy in Quito to arrest former Ecuadorian Vice President Jorge Glas, a controversial figure who had been seeking asylum there. 3. Ukraine denies a Russian claim that it launched drone strikes on a major nuclear power plant: Andrii Yusov, the spokesperson for Ukraine’s military intelligence agency suggested there had been no attack, saying Russian forces routinely fabricate strikes on the Zaporizhzhia Nuclear Power Plant. However, the strikes on this occasion were confirmed by U.N.’s atomic watchdog agency, though it didn’t attribute responsibility for the attack to either side. (TheHill) 4. Brazilian judge opens investigation into Elon Musk after billionaire calls for his ouster over censorship: Earlier Sunday, Musk wrote on X, formerly known as Twitter, that Judge Alexandre de Moraes had "brazenly and repeatedly betrayed the constitution and people of Brazil" after he ordered that the social media platform block certain accounts. If X fails to comply with the order to block certain accounts, the company will be fined the equivalent of $19,740 a day, the judge said. (Fox) -US Events- 1. Eclipse Fever Sweeps the U.S.: Experts estimate that more than a million people from inside and outside North America will travel towards the path of totality. Hotels, AirBnBs, rental car agencies and campgrounds are booked along the path of the eclipse. The eclipse will be viewable this afternoon from San Antonio, Texas to Montreal, Canada. Vehicle traffic throughout the US will be severely impacted. (Various) 2. Biden will announce new student loan forgiveness plan impacting tens of millions of Americans: Biden will share the details of the aid package at an event in Madison, Wisconsin. Although Biden’s Plan B for student loan forgiveness will be narrower than his initial effort (likely less than $20K for each student), tens of millions of borrowers may still see their balances erased or lowered if the program survives legal challenges this time. (CNBC) 3. N.J. earthquake aftershock tally climbs to 38 after Friday’s big tremor. More expected: More earthquake aftershocks continued to rattle New Jersey on Saturday afternoon and evening bringing the two-day total to 38 smaller tremors following the 4.8 magnitude earthquake on Friday. East Coast Earthquakes are rare. (NJNews) -Regulatory and Legal- 1. Cathie Wood Praises Crypto Regulation in Hong Kong: During her address at Hong Kong’s Web3 carnival, Cathie Wood, CEO of ARK Invest, commended the regulatory efforts of institutions like the SFC to clarify the crypto industry. She emphasized the SFC’s role in establishing a robust framework for crypto trading under institutional supervision. 2. Coinbase Chief Policy Officer Says US an Outlier As Major Economies Adopt Clear Crypto Regulatory Frameworks: Faryar Shirzad, chief policy officer for the top US crypto exchange, says the majority of the Group of Twenty (G20) members are way ahead of the United States in helping the crypto industry flourish. (DailyHODL) -Institutional Concerns- 1. Bitcoin ETF Inflows Bounce Back as Halving Excitement Intensifies: Half a Trillion Dollars up in April: Friday capped off a positive week with a substantial inflow, showing continued investor interest in BTC ETFs. Following an initial dip with $84.7 million in net outflows on April 1, the ETFs made a strong recovery, amassing $569.4 million in net inflows since then. 2. Coinbase Reaches 'Crucial Milestone' in Canada With Restricted Dealer Registration: Coinbase has officially been registered as a Restricted Dealer by the Canadian Securities Administrators (CSA). This makes Coinbase the largest and first international cryptocurrency exchange registered in Canada. (BitcoinCom) -Central Bank Digital Currencies (CBDC)- 1. Zimbabwe switches to gold-backed ZiG currency: Last year Zimbabwe issued gold backed digital tokens, ZiG, and subsequently allowed them to be used as the official means of payment for local transactions. Now the Reserve Bank of Zimbabwe is using the ZiG brand as its new local currency to replace the Zimbabwean (Zim) dollar. It follows monthly inflation rates in the local currency surpassing 50% last month. After the previous notorious collapse of the Zimbabwean currency, the country switched to the U.S. dollar in 2009. It reintroduced the Zim dollar in 2019.(LedgerInsights) -Economic Indicators- 1. Treasury Yields Higher, Inflation Awaited: The yield on the US 10-year Treasury note was above 4.4% to kick off a busy week. Inflation rate (CPI), producer prices, the Michigan consumer confidence and FOMC minutes will be keenly watched for further insights on price pressures and the Fed's next steps. (TradingEconomics) -Security Incidents and Concerns- 1. US Environmental Protection Agency hack exposes data of 8.5 million users: The leaked database has personal information of users including name, email, phone numbers, and address. The breach, which has reportedly exposed personal and sensitive information belonging to EPA’s customers and contractors, was claimed by a hacker operating under the alias "USDoD" on Sunday. (CSO) -Bitcoin Community- 1. Miners Offload Bitcoin in Anticipation of Reward Halving, Says Cryptoquant: Some miners are selling more [bitcoin] before the halving. Daily sales to OTC desks hit 1.6K bitcoin in late March, the most since August 2023. (BitcoinCom) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 76/100 (Up 5 pts) Analyst Comments (AC): The next few weeks will entail a lot of happenings. The Bitcoin Halving is only 12 days away, the eclipse in the US is on many minds, inflation data may trigger Fed responses, while the middle east continues in turmoil. This is a good time to review security protocols for businesses, families, and yourself. Create backups of key data and localize storage if possible. Research and utilize 'freedom technologies' if centralization concerns you. Maintain your connection to sources of sanity, such as family and friends, nature and grounding beliefs. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
The story will have zombie fiat NPCs and everything else you can imagine image
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
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