Beef for #bitcoin!! View quoted note →

BTC Daily Intelligence Bulletin (DIB) Block: 839,771 DTG/ICOD: 0800EST 18Apr24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: US Influencing Israel Ops? / Indonesian Volcano Erupts / US-China Shipbuilding Capability 1:100, Under Scrutiny / Stablecoin Legislation Entered in US Congress / Koreans buying more Crypto Than USD holders / Chinese Product Makers Spying on Customers / Binance Fully Approved in Dubai Market Data: Price: 1 BTC= $62,446, 26.14 oz Gold, .14 Median US House 24hr Hi: $63,058/ Lo: $59,768 Vol: $44B (Up 21%) Mkt Cap: $1.23T (Even) HashRate: 582 EH/s Avg Fees: 19,933 sats/tx (Down 55%) Nodes: 18,813 ---Reports--- -International Events- 1. US approves Rafah Op in exchange for no Israeli counter-strikes on Iran: A senior official told The New Arab that "Prime Minister Benjamin Netanyahu managed to obtain American approval for a military operation in Rafah, in exchange for [Israel] refraining from carrying out a wide military operation against Iran in response to its recent attack." (JPost) 2. Indonesian volcano eruption forces evacuations, airport closure: Wednesday's dramatic eruption of the volcano on a remote island in the province of North Sulawesi threw a fiery-red column of lava, incandescent rock and ash as much as three km into the sky. (reuters) 3. Biden administration to end sanctions waiver on Venezuelan oil: The Biden administration says Venezuelan President Nicolás Maduro does not intend to hold free and fair elections. Six months after lifting U.S. sanctions on Venezuela's key oil and gas sectors, the Treasury Department announced Wednesday it will let those temporary licenses expire -- saying Maduro's government did not uphold its end of the bargain. (ABC) -US Events- 1. Senate kills articles of impeachment against Mayorkas: The blink-and-you-missed-it trial marked the culmination of an effort hatched by House Republicans seeking to cast the limelight on the Biden administration’s handling of the southern border ahead of the general election. (CNN) 2. Widespread 911 Outages Are Reported in Four States: Residents in parts of South Dakota, Nebraska, Texas and Nevada were unable to call the emergency number, officials said. Service was later restored in Las Vegas, Nebraska and South Dakota. (NYT) 3. Investigation launched into Chinese shipbuilding's impact on national security, U.S. jobs: The White House said Wednesday it has launched an investigation into China’s shipbuilding industry for alleged practices that undermine national security and jobs in Wisconsin and other states. Chinese state-owned enterprises and other facilities are now capable of building more than 1,000 ocean-going vessels a year, while the United States produced only around 10 last year. “China has tried to rig the system with unfair trade practices", officials said. (MilwaukeeJS) (AC-Modern union power has consequences) -Regulatory and Legal- 1. Stablecoins Get A Seat At The Table: US Senators Unveil New Regulations: US Senators Kirsten Gillibrand and Cynthia Lummis have unveiled the Lummis-Gillibrand Payment Stablecoin Act. The legislation, which has been in the works for months, seeks to establish a comprehensive regulatory framework for payment stablecoins, addressing concerns surrounding their use and potential risks. (Bitcoinist) (AC-The devil is in details and negotiating amendments which are yet to be revealed) -Institutional Concerns- 1. BlackRock Adds $72.8 Million Worth of Bitcoin Before Halving: According to crypto analysis firm LookOnChain, BlackRock has added another 1,162 Bitcoin, worth $72.82 million. The world’s largest asset manager currently holds 272,139 BTC, worth $17.06 billion. While BlackRock has increased its BTC holdings, Grayscale has reduced its BTC exposure by 2,524 BTC, worth $158.21 million. Grayscale currently holds 311,621 BTC, worth $19.53 billion. (Watcher) -Central Bank Digital Currencies (CBDC)- NSTR -Economic Indicators- 1. Korean won surpasses US dollar as most-traded currency for crypto in Q1: The cumulative won trade volume on centralized crypto exchanges during the period recorded $456 billion, while the U.S. dollar reported $445 billion, the data showed. (TheBlock) 2. US 10-Year Treasury Yield Eases from 2024-Highs: The US 10-year Treasury note yield eased to 4.57% after touching a 2024-high of 4.7% early in the week (TradingEconomics) 3. Mortgage Rates at 4-Month High: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances rose by 12bps to 7.13% in the week ended April 12th, 2024, reaching the highest level since early December. (TradingEconomics) -Security Incidents and Concerns- 1. Chinese manufacturer exposes data from surveillance devices: Raysharp, a Chinese manufacturer of video cameras, recorders, and other surveillance products, has suffered a data leak that exposed its devices. Cybernews researchers have discovered three billion records in a leaking database from the company’s analytics platform. (CyberNews) (AC-Surveillance devices made in China are often much cheaper than those in the US or Japan, but data from those devices are obviously being used to spy on its customers) -Bitcoin Community- 1. Binance Secures Full Virtual-Asset Services Provider License in Dubai: "As we secure the esteemed full market VASP Licence, it notably amplifies our unwavering commitment to advancing the financial landscape through compliance and innovation," CEO Richard Teng said in a statement. (CoinDesk) 2. Bitcoin Depot Deploying Over 60 ATMs to Major Grocery Chain: The world-leading Bitcoin ATM network has announced that 60 of its ATMs are set to be deployed in the fastest-growing grocery chain in the country, Fareway, which features more than 130 stores in the Midwestern United States. (watcherGuru) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 57/100 (Down 10 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report

Good morning ☕️

Bitcoiners, follow @KCCattleCompany for a big announcement coming Thursday after 1600 UTC

BTC Daily Intelligence Bulletin (DIB) Block: 839,636 DTG/ICOD: 0800EST 17Apr24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Iran Warns Israel / US Navy Flies Through Taiwan Strait / 50K Soldiers Lost to Russia / US Speaker Johnson Pushes Aid for Ukraine, Israel / Biden Wants to Triple Chinese Steel Tariffs / Two US Senators Seek to Clarify Stablecoin Regs / Fed Comments Cool Markets / Bitcoin on Sale Before Halving Market Data: Price: 1 BTC= $62,704, 26.37 oz Gold, .15 Median US House 24hr Hi: $64,486/ Lo: $61,728 Vol: $36B (Down 20%) Mkt Cap: $1.24T (Even) HashRate: 682 EH/s Avg Fees: 44,695 sats/tx (Up 108%) Nodes: 18,118 ---Reports--- -International Events- 1. Iran's president vows to completely destroy Israel if it launches ‘tiniest invasion’: President Ebrahim Raisi spoke Wednesday at an annual army parade warning Israel of a "massive and harsh" response, as the country braces for potential Israeli retaliation after Iran’s missile and drone attack over the weekend. (Fox) 2. US navy flies aircraft through the Taiwan Strait a day after US-China defense chiefs hold rare talks: The U.S. 7th Fleet said a Navy P-8A Poseidon flew through the Taiwan Strait on Wednesday, a day after U.S. and Chinese defense chiefs held their first talks since November 2022 in an effort to reduce regional tensions. U.S. Defense Secretary Lloyd Austin spoke with his Chinese counterpart, Adm. Dong Jun, on Tuesday in the latest U.S. effort to improve communications with the Chinese military and reduce the chances of a clash in the region. (AP) 3. Russia's meat grinder-50,000 confirmed dead: Russia's military death toll in Ukraine has now passed the 50,000 mark, the BBC can confirm. In the second 12 months on the front line - as Moscow pushed its so-called meat grinder strategy - we found the body count was nearly 25% higher than in the first year. BBC Russian, independent media group Mediazona and volunteers have been counting deaths since February 2022. (BBC) -US Events- 1. Facing a Republican revolt, House Speaker Johnson’s plan for US aid to Ukraine, allies uncertain: Defiant and determined, House Speaker Mike Johnson pushed back Tuesday against mounting Republican anger over his proposed U.S. aid package for Ukraine, Israel and other allies, and rejected a call to step aside or risk a vote to oust him from office. “I am not resigning,” Johnson said after a testy morning meeting of fellow House Republicans at the Capitol. (AP) 2. House delivers Mayorkas impeachment articles to the Senate to begin a trial: House Republican impeachment managers walked the articles over to the Senate chamber Tuesday ahead of what is expected to be a short-lived trial beginning on Wednesday. (NBC) 3. Joe Biden calls for tripling of tariffs on Chinese steel: In a meeting with United Steelworkers union members in Pittsburgh on Wednesday, Biden will call on trade representative Katherine Tai to triple the tariff on the imports from the current average of 7.5 per cent. Biden’s campaign is trying to shore up support among union workers ahead of November’s US presidential election, in which Pennsylvania could play a decisive role. (FT) -Regulatory and Legal- 1. U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New Bill: Lummis and Gillibrand unveiled a new bill Wednesday, hoping to move the needle on stablecoin legislation. Under their proposed bill, payment stablecoin issuers would have reserve and operational requirements, including needing to create subsidiaries specifically to issue stablecoins. The bill would also require stablecoin issuers to deal in dollar-backed tokens. (CoinDesk) -Institutional Concerns- 1. Grayscale spot Bitcoin ETF ‘halves’ before BTC halving: GBTC, the biggest spot Bitcoin ETF, has “halved” since the trading launch in January, but rivals like BlackRock’s IBIT have added more than 10,000%. (CoinTelegraph) (AC-Obviously a play on words, GBTC has lost half its value since January) -Central Bank Digital Currencies (CBDC)- 1. U.S. Senator expresses CBDC concerns, supports Bitcoin: U.S. Senator Marsha Blackburn highlighted the personal privacy and government surveillance risks of CBDCs while supporting Bitcoin. In recent remarks at the Bitcoin Policy Summit, the Tennessee Republican expressed strong concerns about Central Bank Digital Currencies (CBDCs), labeling them as potential spy tools for government oversight. (CryptoNews) 2. New Zealand launches CBDC consultation: Yesterday the Reserve Bank of New Zealand (RBNZ) launched its second central bank digital currency (CBDC) consultation. Since its first inquiry in 2021, it has put considerable effort into exploring how it plans to position and design the digital currency. The consultation will run until July 26. Based on feedback and the preparation of a business case, a decision will be made on whether to proceed to Stage three, the preparation phase. (LedgerInsights) -Economic Indicators- 1. Bitcoin Takes A Hit As Fed Puts Rate Cuts On Hold: Bitcoin reacted to Federal Reserve Chairman Jerome Powell’s remarks during a panel discussion on Tuesday. Powell reiterated the central bank’s commitment to maintaining a restrained monetary policy, despite encouraging economic indicators. His remarks, which highlighted the importance of persisting with current interest rates due to limited progress in reaching the Fed’s inflation target, sparked reactions across various financial markets, including Bitcoin. (BItcoinist) 2. US Manufacturing Output Rises for 2nd Month: Manufacturing production in the US rose 0.5% from a month earlier in March, following an upwardly revised 1.2% increase in February. Durable manufacturing and nondurable manufacturing indexes increased by 0.3% and 0.7% respectively, while publishing and logging fell by 0.2%. (TradingEconomics) 3. US Housing Starts at 7-Month Low: Housing starts in the US plunged 14.7% month-over-month to an annualized rate of 1.321 million in March 2024, reversing from an upwardly revised 1.549 million level in February and well below forecasts of 1.48 million.(TradingEconomics) -Security Incidents and Concerns- 1. Trust Wallet releases advisory on zero-day exploit exposing iOS users: The firm claims that the exploit, which is allegedly being sold on the dark web for $2 million, can infiltrate and take control of iPhone users without the need for them to click on a link. (CryptoBriefing) -Technology- 1. Crypto-like communication devices could break gov’t surveillance — Telegram founder Durov: Pavel Durov, founder of Telegram Messenger, believes that governments’ decreasing tolerance toward privacy will force innovations around secure communication hardware devices. “The world is becoming less amenable. Governments are becoming less tolerant of privacy. And that’s clearly the trend because they have more technological power.”, he said (CoinTelegraph) -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 67/100 (Up 2 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report

Good morning ☕️

The Bitcoin Veterans Meetup on Friday, July 26th after Day 1 of @The Bitcoin Conference is going to be AMAZEBALLS There’s only a few tickets left and they’re selling fast DM for more information Big thanks to Pins Mechanical for letting us play with their balls

The Bitcoin Veterans Meetup on Friday, July 26th after Day 1 of @The Bitcoin Conference is going to be AMAZEBALLS There’s only a few tickets left and they’re selling fast DM for more information Big thanks to Pins Mechanical for letting us play with their balls

BTC Daily Intelligence Bulletin (DIB) Block: 839,481 DTG/ICOD: 0800EST 16Apr24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Sydney Church Stabbing Declared Terrorism / Fire in Copenhagen Destroys Old Stock Exchange / FBI Investigating Baltimore Bridge Collapse / SCOTUS Looks at Law Used on Jan 6th Rioters / CO Bans ARs and Threaded Barrels / Russia Central Bank Says OK to Crypto for International Payments Market Data: Price: 1 BTC= $63,114, 26.40 oz Gold, .15 Median US House 24hr Hi: $66,441/ Lo: $61,716 Vol: $46B (Up 7%) Mkt Cap: $1.24T (Down 5%) HashRate: 547 EH/s Avg Fees: 21,664 sats/tx (Up 37%) Nodes: 18,484 ---Reports--- -International Events- 1. Spire collapses after fire rips through Copenhagen’s old stock exchange: A huge fire has engulfed Copenhagen’s old stock exchange, one of the Danish capital’s most famous landmarks, causing its spire to collapse as staff and citizens scrambled to rescue paintings and historic artifacts from the blaze. A “piece of Danish history” is on fire, Prime Minister Mette Frederiksen said, calling the building’s cultural heritage “irreplaceable.” (CNN) 2. Sydney church stabbing was a 'terrorist' attack, police say: A 16-year-old boy was arrested after a bishop, a priest and churchgoers were attacked during mass at the Assyrian Christ The Good Shepherd Church. At least four people suffered "non-life-threatening" injuries, police say. The attacker was also hurt. Australian police define terror offenses as being ideologically motivated. Investigations are still under way, but they say they are satisfied this is a case of religious extremism. (BBC) -US Events- 1. FBI boards ship amid investigation into what caused Francis Scott Key Bridge collapse : The FBI on Monday raided the container ship that struck the Francis Scott Key Bridge nearly three weeks ago as part of an investigation into the deadly bridge collapse. Agents boarded the Dali Monday morning and were “conducting court authorized law enforcement activity,” a spokesperson for the FBI’s Baltimore Field Office said Monday, declining to comment further. (BaltimoreSun) 2. Supreme Court’s Review of Jan. 6 Charge Has Already Freed Some Rioters: Federal judges have agreed to release about 10 defendants who were serving prison terms because of their convictions under an obstruction law. A small group of people convicted under the law have been released from custody — or will soon go free — even though the justices hearing arguments on Tuesday are not expected to decide the case for months. (NYT) 3. Colorado House Democrats Pass Bill Banning AR-15s and 9mm Pistols with Threaded Barrels: HB24-1292 makes clear that a semiautomatic handgun of any caliber would be banned if it takes a detachable magazine and has a threaded barrel. Colorado Public Radio noted that the ban passed the House Sunday on a vote of 35 to 27. (Breitbart) -Regulatory and Legal- 1. UK to propose clearer crypto regulations by July: The U.K.’s economic secretary to the Treasury, Bim Afolami, said the government’s priority is improving the payments landscape and providing regulatory clarity for digital assets and blockchain. (CoinTelegraph) 2. Coinbase initiates appeal against SEC on investment contract classification for digital assets: Coinbase has filed a motion to appeal a judge’s decision from last month that allowed the SEC’s lawsuit against them to proceed, said Paul Grewal, Coinbase’s chief legal officer, in an X post today. The appeal, if granted, would allow the Second Circuit Court to review the US Securities and Exchange Commission’s (SEC) authority to classify certain digital asset transactions as investment contracts, potentially suspending the ongoing trial. (CryptoBriefng) -Institutional Concerns- NSTR -Central Bank Digital Currencies (CBDC)- 1. Bank of Russia Supports Cryptocurrency Usage for International Settlements: The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style experimental regime. In contrast, payments with national digital assets will be launched without similar precautions. (BitcoinCom) -Economic Indicators- 1. US 10Y Bond Yield Hits 22-week High: US 10 Year Government Bond Yield increased to a 22-week high of 4.67%. Over the past 4 weeks, US 10 Year Note Bond Yield gained 31.60 basis points, and in the last 12 months, it increased 106.50 basis points. (TradingEconomics) -Security Incidents and Concerns- NSTR -Technology- 1. Elon Musk plans to charge new X users to enable posting: In reply to an X account that posted about changes on X’s website, Musk said charging a small fee to new accounts was the “only way” to stop the “onslaught of bots.” (TechCrunch) -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 65/100 (Down 9 pts) Analyst Comments (AC): Bitcoin excitement in the broader community is waning, just before the halving. Reasons could be attributed to global tensions, continued negative media reports or selling of ETFs like Grayscale. No matter the reason, whales continue to buy BTC as do the retail stackers. Miners are also adjusting stacks based on halving dynamics which could be causing some pricing weakness. With the halving happening this week, supply will decline and eventually bitcoin will be seen as a safer haven than most assets, driving demand. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report

Good morning ☕️

Tune in LIVE, Thursday at 7pm ET with guest @Beiwatch Dom Bei is the Founder of Proof of Workforce, a 501c4 nonprofit. Currently a Fire Captain and previously the President of the Santa Monica Firefighters with 10 years of Union experience, Dom's mission is to bring long-term and sustainable Bitcoin education and adoption to the workforce. #GetOnTheMission

The absolute worst

BTC Daily Intelligence Bulletin (DIB) Block: 839,334 DTG/ICOD: 0800EST 15Apr24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Iran Send Missiles and a Message / Two Separate Knife Attacks in Sydney / Shootouts in Upper NY and Chicago Kill and Injure Police, Kids / MidEast Tension Affect BTC, Markets / BTC ETFs Approved in Hong Kong Market Data: Price: 1 BTC= $66,138, 28.03 oz Gold, .15 Median US House 24hr Hi: $66,878/ Lo: $62,661 Vol: $43B (Down 30%) Mkt Cap: $1.3T (Up 3%) HashRate: 547 EH/s Avg Fees: 14,473 sats/tx (Down 42%) Nodes: 18,770 ---Reports--- -International Events- 1. Israel weighs response after Iran fires missile barrage: Israel's military said 99% of more than 300 projectiles were intercepted by Israel and its partners, including the US military. Israel's war cabinet will meet today to discuss the size and scope of Israel's response, an Israeli official has told CNN. Israeli President Isaac Herzog has said that the country is not seeking war. (CNN) 2. Sydney Mall attack victims include a mother who saved her baby, a Chinese grad student and an architect: A police officer shot and killed the man who attacked people with a knife at the busy Westfield Bondi Junction mall, and his family said he had a long history of schizophrenia, lacked social skills and had a fascination with knives. Police said their investigation would include why he targeted women and avoided men during his attack. Those killed were five women and one man. Twelve people were wounded, and police said they mostly were female. (AP) 3. Sydney church stabbing: Bishop stabbed during sermon: A bishop and several other people have been stabbed during a sermon in Sydney that was being streamed online, local media report.The incident reportedly happened on Monday night in the suburb of Wakeley. Police responded to reports that a number of people had been stabbed but said none of their injuries were life-threatening. (BBC) -US Events- 1. New York police officer, sheriff's deputy killed in shooting; suspect also dead: Onondaga County Sheriff Tobias Shelley identified the two as a deputy at his department and a Syracuse police officer, according to WSYR-TV. Their names have not been released. (Fox) 2. Chicago mass shooting leaves 8-year-old girl dead, 10 others injured: The 7-year-old girl was shot in the head and died, while a 1-year-old boy and a 7-year-old boy were each shot multiple times and listed in critical condition. (NBC) 3. Donald Trump’s criminal trial over hush money to begin in New York: The proceedings mark a momentous day in US history, as Trump is the country’s first president – present or former – to face a criminal trial. They also play out against a presidential race in which Trump is the almost certain Republican nominee who regularly bests Joe Biden in head-to-head polls. (Guardian) -Regulatory and Legal- 1. Cryptocurrencies Not Banned, Vietnam Requires Legal Framework for Regulation — Govt Official: A government official from Vietnam has stated that cryptocurrencies are not prohibited. However, the country urgently needs to establish a legal framework to regulate their use, the official said. The Finance Ministry has been tasked with drafting a framework to govern crypto assets, which is due for completion by May 2025. (BitcoinCom) -Institutional Concerns- 1. BTC, ETH Rise as Hong Kong Bitcoin ETF Applicants Say They've Been Approved: China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat that they had been approved to list spot bitcoin and ether ETFs in Hong Kong. However, these announcements seem to have front-run an official statement from the Securities and Futures Commission (SFC), which has not posted a list of approved issuers. (CoinDesk) -Central Bank Digital Currencies (CBDC)- NSTR -Economic Indicators- 1. US Dollar Towers Above Rivals on Fed Hold Bets: The dollar index held near 106 on Monday, hovering at its highest levels in over five months as sticky US inflation raised worries that the Federal Reserve could keep interest rates higher for longer. (TradingEconomics) -Security Incidents and Concerns- NSTR -Bitcoin Community- 1. Crypto Markets Crash as Iranian Drone Attack on Israel Sparks Sell-Off: The cryptocurrency market experienced a significant downturn following an Iranian drone attack on Israel, leading to a widespread sell-off of digital assets. Bitcoin, the largest cryptocurrency, saw a 7.7% decline on Saturday, marking its most substantial retreat since March 2023. (CryptoNews) 2. FBI Investigates Bitcoin Developer Event Linked to Luke Dashjr’s Hack: In response to a subpoena, Mike Schmidt provided details of participants at a Bitcoin developer event linked to the investigation of Luke Dashjr’s Bitcoin theft. As revealed in a social media post by Schmidt, the co-founder of Brink received the subpoena from the Federal Bureau of Investigation (FBI) that required him to submit personal information of attendees from the October 2022 CoreDev Atlanta event. (CryptoNews) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 74/100 (Down 5 pts) Analyst Comments (AC): The two stabbings in Sydney, only days apart, highlight the hate coursing through the world right now. The motives are not fully known, but weak and disturbed individuals are targeting 'soft' targets, in this case a mall full of moms and a church during services. It will be natural for people to begin to 'harden up' by carrying weapons of some sort, not attending mass gatherings, or beefing up security services. With global coverage of attacks like this, coupled with larger conflicts worldwide, look for security to be in high demand and self-protection efforts to increase across the globe. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report

Only a handful of tickets left for the Bitcoin Veterans Meetup in Nashville All are welcome. You don’t have to be a Veteran to attend. Come hangout! DM to get yours today

YOLO

BTC Daily Intelligence Bulletin (DIB) Block: 838,867 DTG/ICOD: 0800EST 12Apr24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: US says Famine Begins in Gaza / Russia Re-Nationalization Rising / All Eyes on Iran Response / FISA Re-Emerges With GOP Support / UniSwap in SEC Crosshairs / Hard Assets Continue Rise Market Data: Price: 1 BTC= $70,756, 29.62 oz Gold, .16 Median US House 24hr Hi: $71,222/ Lo: $69,571 Vol: $29B (Down 22%) Mkt Cap: $1.39T (Up 1%) HashRate: 497 EH/s Avg Fees: 21,656 sats/tx (Up 98%) Nodes: 18,078 ---Reports--- -International Events- 1. U.S. aid official says famine has begun in northern Gaza: Famine conditions are present despite the U.S. and other western nations conducting airdrops of humanitarian aid for civilians in Gaza. In addition to food, people in Gaza also lack access to clean water, medicine, medical care and other essentials due to damage from Israeli airstrikes and Israel's blockade of the enclave. (Axios) 2. Russia Seizes Country’s Largest Winemaker Amid Re-Nationalization Wave: Russia has nationalized the country’s largest winemaker linked to an arrested billionaire whose business assets were confiscated earlier this year. Russia’s top prosecutor boasted last month that the government had seized 15 defense companies valued at $3.6 billion since 2023. (MoscowTimes) (AC-Interesting developments as Russia increases nationalization of key companies in Russia. Since Russian leadership is well-versed in mafia style tactics, the nationalizations seem to point to a changing of control of these assets.) 3. US restricts travel for diplomats in Israel amid fears of Iran attack: The US embassy said staff had been told not to travel outside the greater Jerusalem, Tel Aviv or Beersheba areas "out of an abundance of caution". (BBC) -US Events- 1. House panel tees up vote on revised FISA reauthorization: The House Rules Committee advanced a bill to reauthorize the U.S.’s warrantless surveillance authority late Thursday night, sending the measure to the floor one day after a band of Republicans blocked consideration of a previous version of the legislation. Yesterday, GOP holdouts said that leadership has committed to holding a vote on a bill that would require the government to get a warrant before purchasing information about U.S. citizens from data brokers. (TheHill) 2. O.J. Simpson dead at 76 after battle with cancer (Yahoo) -Regulatory and Legal- 1. Uniswap in Regulatory Crosshairs: SEC Enforcement Notice and Industry Response: Uniswap, a leading decentralized cryptocurrency exchange (DEX), has found itself in the crosshairs of the U.S. Securities and Exchange Commission (SEC) after receiving an enforcement notice on April 10, 2024. This development has sent shockwaves through the DeFi (Decentralized Finance) industry, raising questions about the future of regulation in this rapidly evolving space. (CoinPedia) 2. British Columbia cracks down on crypto miners, citing energy consumption: The Canadian government of British Columbia is advancing measures to regulate electricity consumption by cryptocurrency miners due to concerns about high energy use and limited economic benefits.(CryptoNews) -Institutional Concerns- NSTR -Central Bank Digital Currencies (CBDC)- 1. Australians wouldn’t value retail CBDC for its privacy or safety, RBA finds: The Reserve Bank of Australia (RBA) conducted a study of CBDCs and in short, the study finds little public support for a retail CBDC. The RBA has made numerous previous studies of CBDC, most of which reached positive conclusions. Those studies mainly looked at wholesale CBDC use cases. (CoinTelegraph) -Economic Indicators- 1. US 10-Year Treasury Yield Rises to 5-Month High: The yield on the US 10-year Treasury note rose past 4.57% in April, the highest in five months, as deeper concerns that the Federal Reserve will hold rates higher for longer triggered a sharper wave of Treasury selling across all durations. (TradingEconomics) 2. Costco Gold Business Booming: Estimates Put Monthly Sales Close to $200 Million: Consumer trust in the organization and its aggressive pricing have made Costco’s one-ounce bars of 24-karat gold a popular choice for investors, who take advantage of 2% over market spot prices. (BitcoinCom) -Security Incidents and Concerns- 1. U.S. says recent Microsoft breach exposed federal agencies to hacking: The Cybersecurity and Infrastructure Security Agency, an arm of the Department of Homeland Security, on Tuesday issued a rare binding directive to an undisclosed number of agencies requiring them to change any log-ins that were taken and investigate what else might be at risk. (WaPo) -Bitcoin Community- 1. Miners Run Down Bitcoin Inventory to 3-Year Low in a Strategic Pre-Halving Move: Bitcoin miners are depleting their coin stashes, possibly to ensure the sustainability of operations in the face of the impending halving of per-block rewards from April 20. The number of bitcoin held by miners, which receive the coins in return for validating transactions in the blockchain block, declined to 1.794 million BTC this week, the lowest since early 2021, according to data source CoinMetrics. (CoinDesk) 2. Bitcoin whales in accumulation phase, with BTC halving just a week away: According to data shared by crypto analytic firm CryptoQuant, the growth in demand from Bitcoin whales has never been stronger. Demand from “permanent holders” has exceeded the market supply of new Bitcoin for the first time. (CoinTelegraph) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 79/100 (Up 3 pts) Analyst Comments (AC): Geopolitical watchers are focused on Iran's potential kinetics response to Israel's attack on Iranian forces in Syria. The expectation is a possible direct or proxy strike on Israel proper. This could easily lead to an expansion of warfare between Iran and Israel and the proxies and allies of both. The stakes are high if restraint is not held. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report

Join us TONIGHT Live at 7pm ET with @Brian De Mint https://www.youtube.com/live/pq5PDsSFzy4 View quoted note →

@average_bitcoiner explains the scarcity of Bitcoin as something, along with his tattoos, that he can take to his grave

@ODELL quickly explaining why Elon Musk bought Twitter. Spoiler Alert: Its for the Power, not the 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