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
Join Bitcoin Veterans LIVE Thursday night at 7pm ET The guys will recap the Bitcoin Park range day and open house, as well as bring you the latest in current events with their unique perspective Join us and #GetOnTheMission image
There’s a war for your digital sovereignty Bitcoin Veterans are fighting back against digital slavery Join us and #GetOnTheMission
BTC Daily Intelligence Bulletin (DIB) Block: 849,428 DTG/ICOD: 0800EST 25Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Julian Assange Freed From Jail / France Heading Toward Hard Shift Right / Iran Prepares For Election / L.A. Protests Draw Criticism / US Surgeon General Targets 'Gun Violence' / Infowars To Shut Down / German Gov to Offload BTC / Louisiana Bills Nixes CBDC, Protect BTC / No Food Inflation in Argentina a First in 30 Years / Strike Continues World Rollout / BTC Dip Opens Opportunity Market Data: Price: 1 BTC= $61,193, 26.22 oz Gold, .14 Median US House 24hr Hi: $61,658 / Lo: $58,601 Vol: $38B (Up 47%) Mkt Cap: $1.2T (Even) HashRate: 543 EH/s Avg Fee Rate: 19 sats/vBtye (Up 9%) Nodes: 18,536 ---Reports--- -International Events- 1. Julian Assange freed from jail after plea deal with US: Julian Assange was freed from a London prison on Monday after more than five years and will not be extradited to the United States after agreeing to a plea deal with authorities. The WikiLeaks founder agreed to plead guilty to one count of conspiracy to obtain and disclose U.S. national defense information. In return, he is likely to be sentenced to five years and three months time served, which he has spent in London’s Belmarsh Prison since being jailed there in April 2019. He has since boarded a plane bound for his native Australia. (CoinTelegraph) 2. French snap elections: Emmanuel Macron claims 'extremes' could lead 'to civil war': Five days before the snap elections in France, the far-right National Rally (RN) leads the polls on 36%, followed by the left-wing coalition New Popular Front (27%). French President Macron's party is trailing, polling at 20%. (EuroNews) 3. Iran’s presidential election dominated by Khamenei loyalists: Iranians choose a president on Friday in a tightly controlled election following Ebrahim Raisi's death in a helicopter crash last month, with the outcome expected to influence the succession to Ayatollah Ali Khamenei, Iran's top decision-maker. The Guardian Council, a hardline vetting body of clerics and jurists aligned to Khamenei, has approved five hardliners and one low-profile moderate candidate from an initial pool of 80. (Reuters) -US Events- 1. Officials talk of restricting masks at protests after violence outside L.A. synagogue: The violent protest Sunday at a synagogue has prompted Mayor Karen Bass to say Los Angeles should consider rules governing demonstrations and the wearing of masks by those protesting. (LATimes) 2. US surgeon general calls for ‘collective commitment’ to stop gun violence in the United States: Gun violence in the United States is an urgent public health crisis that demands the “collective commitment of the nation” to stop it, Surgeon General Dr. Vivek Murthy says in a new advisory released Tuesday. It’s the first time a publication from the Office of the Surgeon General has focused on firearm violence and its “profound consequences” on survivors, communities, and mental health. (CNNHealth) 3. Bankruptcy trustee discloses plan to shut down Alex Jones’ Infowars and liquidate assets: A U.S. bankruptcy court trustee is planning to shut down conspiracy theorist Alex Jones’ Infowars media platform and liquidate its assets to help pay the $1.5 billion in lawsuit judgments Jones owes for repeatedly calling the 2012 Sandy Hook Elementary School shooting a hoax. (AP) -Regulatory and Legal- NSTR -Institutional Concerns- 1. German gov’t offloads 900 Bitcoin, with 400 BTC sent to Coinbase and Kraken: A “German Government (BKA)” labeled cryptocurrency wallet has sold over $54 million worth of Bitcoin. Following today’s transfers, the wallet still holds 46,359 Bitcoin, according to Arkham Intelligence. (CoinTelegraph) -Central Bank Digital Currencies (CBDC)- 1. Louisiana Shields Crypto, Rejects CBDC: In a decisive legislative move, the state of Louisiana has amended its laws to impose a ban on central bank digital currencies (CBDCs) while establishing stringent regulations for digital asset miners and node operators. These new stipulations, incorporated into the Blockchain Basics Act, are slated to come into effect in August 2024. (Coinfomania) (AC-Well done @Dennis_Porter_ and Satoshi Action Fund!) -Economic Indicators- 1. Bitcoin Breaks Below $60K Level on ETF Outflows: Bitcoin broke below $60,000 at the start of the week before recouping some losses, sinking to its lowest levels in nearly two months amid steady outflows from Bitcoin spot exchange-traded funds. Industry data showed that US Bitcoin ETFs saw a net outflow of more than $500 million last week and a total of $1.1 billion over the past two weeks. Significant outflows were also recorded in Bitcoin ETFs based in Canada, Germany and Hong Kong, while those in Brazil and Switzerland experienced net inflows. (tradingEconomics) 2. Argentina Logs First Week with No Inflation in Food Prices in 30 Years: For the first time in 30 years, Argentina experienced a zero-percent increase in the inflation rates of food and drinks during the third week of June, President Javier Milei confirmed on Monday morning. (Breitbart) -Security Incidents and Concerns- 1. BlackSuit Cybercrime Gang Blamed in CDK Hack That Roiled Car Dealers: A hacking group called BlackSuit is behind the cyberattack on CDK Global that’s paralyzed car sales across the US, according to Allan Liska, a threat analyst at the security firm Recorded Future Inc. The cybercrime group has demanded an extortion fee in the tens of millions of dollars from CDK, which plans to make the payment. (YahooFinance) -Technology- 1. Microsoft Hit With EU Antitrust Charges Over Teams: The European Union charged Microsoft with antitrust violations related to the company’s bundling of its Teams collaboration tool with Office 365 and Microsoft 365. If the commission concludes the company breached antitrust rules, Microsoft could face a fine of up to 10% of its global annual revenue. (WSJ) -Bitcoin Community- 1. Bitcoin Payments App Strike Enters UK as Global Expansion Rolls Out: Strike, the payments application that uses the Bitcoin blockchain, has started U.K. operations expanding its global reach just months after rolling out in Europe and Africa. The payments firm has been expanding aggressively and now operates in more than 100 countries and territories around the world. (CoinDesk) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 30/100 (Down 21 pts) Analyst Comments (AC): Interesting drop from 'greed' to 'fear' in the greed/fear index today. Now that owners of bitcoin are not only bitcoin plebs, cypherpunks and insightful whales, but now also institutions, government entities, and general investors, there is now a higher correlation to mainstream financial narratives and world events. In other words, media reports and social media seem to have a higher impact on bitcoin price. Although bitcoiners continue to buy the dips there is a lot more institutional money yielding more power in the price action recently. It seems Bitcoin continues to evolve in society. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 849,295 DTG/ICOD: 0800EST 24Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Coordinated Terror Attack in Dagestan Kills 19 / IDF to Shift from Hamas to Hezbollah / US Military Looks for Re-Entrance in Africa / Senseless Shooting in Arkansas / Hiker in CA Found After 10 Days / MiCa Regs in UK Affecting Stablecoins / Mt Gox to Return BTC in July / IMF Stumping for CBDCs / Apple, Meta Meet Over AI Integration / Market Data: Price: 1 BTC= $61,370, 26.23 oz Gold, .14 Median US House 24hr Hi: $64,382 / Lo: $60,675 Vol: $25B (Up 216%) Mkt Cap: $1.21T (Down 5%) HashRate: 614 EH/s Avg Fee Rate: 17 sats/vBtye (Up 51%) Nodes: 19,501 ---Reports--- -International Events- 1. Nineteen reported killed in synagogue, church attacks in Russia’s Dagestan: The death toll from the attacks in the restive Russian region has risen to 19 people, Russia’s Investigative Committee said on Monday. At least 15 police officers died alongside several civilians, including an Orthodox priest. Five attackers were also reported to have been “liquidated”. At least 12 people were also injured in the attacks, which took place in the cities of Derbent and Makhachkala on Sunday, the festival of Pentecost for the Russian Orthodox Church. (ALJazeera) 2. ‘Intense phase of war with Hamas about to end,’ focus to shift to Lebanon border, Netanyahu says: Netanyahu, however, vowed that Israel would continue operating in Gaza until the militant group Hamas was eliminated. Israeli officials have told the US they were planning to shift resources from southern Gaza to northern Israel in preparation for a possible offensive against the group, US officials told CNN on Wednesday. The implications of a wider war between Israel and Hezbollah could be devastating, a senior US official previously told CNN. (CNN) 3. US military looks for West Africa 'Plan B' after Niger ousting: Air Force General C.Q. Brown, chairman of the Joint Chiefs of Staff, told reporters before landing in Botswana on Monday for a gathering of African chiefs of defense that he was going to speak with several partners in the region. "I do see some opportunities. And there's countries that we're already working with in West Africa," Brown told reporters. (Reuters) -US Events- 1. Arkansas grocery store shooter was armed with pistol, 12-gauge shotgun and dozens of extra rounds, authorities say: The man, identified by police as 44-year-old Travis Eugene Posey, opened fire at the Mad Butcher in Fordyce on Friday, killing four people ranging in age from 23 to 81 years old and wounding nine others. Authorities believe the suspect “immediately began engaging victims in the parking lot after exiting his truck and then proceeded into the store,” according to Hagar. Once inside the Mad Butcher, the suspect “was firing indiscriminately at both customers and employees,” Hagar said. Posey was “treated for non-life-threatening injuries after exchanging gunfire with law enforcement” and arrested. (CNN) 2. Hiker lost for 10 days found alive in Northern California mountains: Lukas McClish, 34, disappeared on June 11 after setting off on a hike in Boulder Creek, the Santa Cruz County Sheriff’s Office said. He was found yelling for help 10 days later in a remote canyon in Big Basin State Park. McClish said that he had left his home in Boulder Creek with few supplies, believing he was only going for a three-hour hike before getting lost in the Santa Cruz Mountains. I left with just a pair of pants, and my pair of hiking shoes, and a hat. I had a flashlight, and a pair of folding scissors, like a Leatherman tool. And that was about it," McClish told KGO-TV. (Fox) -Regulatory and Legal- 1. Uphold to delist USDT and 5 stablecoins by July 1, citing EU's MiCA Regulation: Apart from Uphold, other major crypto exchanges, including Binance, Kraken and OKX, also tweaked their stablecoin listing policies to comply with MiCA regulations. Stablecoin issuers in the EU must hold licenses as credit institutions or Electronic Money Institutions under the MiCA framework.(CoinTelegraph) -Institutional Concerns- 1. Mt. Gox to Begin Repayments in July: The defunct crypto exchange is supposed to return over 140,000 bitcoin to victims of the 2014 hack. (CoinDesk) 2. Billionaire Tech CEO Michael Dell Signals Bitcoin Interest Via Michael Saylor Retweet: It started Thursday when Dell posted, "Scarcity creates value." That prompted a reply from Saylor, the executive chairman of MicroStrategy (MSTR), saying, "Bitcoin is Digital Scarcity," which Dell then reposted. (CoinDesk) -Central Bank Digital Currencies (CBDC)- 1. BRICS: CBDC’s Will Boost Financial Inclusion in the Middle East, Says IMF: The IMF confirmed in the latest blog that CBDCs can boost financial inclusion and payment efficiency among BRICS countries. Even countries in the Middle East can benefit from the development and usher robust growth in the financial sector. “19 countries, including Bahrain, Georgia, Saudi Arabia, and (BRICS member) UAE, are in the advanced ‘proof-of concept’ stage, with Kazakhstan leading after two pilot programs,” said IMF. (BusinessInsider) -Economic Indicators- 1. US 10-Year Treasury Yield Little Changed: The yield on the US 10-year Treasury note was little changed around 4.26% to kick off the last week of June, as traders brace for key PCE inflation data and comments from several Fed officials due this week to assess the monetary policy outlook. (TradingEconomics) -Security Incidents and Concerns- 1. A Catastrophic Hospital Hack Ends in a Leak of 300M Patient Records: The rolling series of breaches targeting customers of cloud platform Snowflake appears to be a supply chain attack wrapped in another supply chain attack. Ultimately, the breach of the Snowflake customer accounts, which include Ticketmaster, banking firm Santander, and potentially more than 160 other companies, was possible because their Snowflake accounts did not have multifactor authentication enabled. (Wired) -Technology- 1. Apple, Meta in Talks for AI Partnership, Models Coming to iOS 18's Apple Intelligence: It would be the first time Apple and Meta would collaborate after facing tumultuous years of tech rivalry. (TechTimes) -Bitcoin Community- 1. Japan’s Metaplanet plans 1B yen bond sale to buy more Bitcoin: The planned purchase would add to its current crypto stack, which hit 141.07 BTC after Metaplanet said on June 11 that it scooped 23.25 BTC. (CoinTelegraph) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 51/100 (Down 4 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
We were thrilled to have the opportunity to talk with Senator Blackburn about Bitcoin and fully support her fight against CBDCs A big thank you to everyone at @Bitcoin Park for facilitating this opportunity and to meet with representatives of Senator Hagerty, Gov Bill Lee, and AG Skrmetti Tennessee is becoming a hub for #bitcoin. Looking forward to all the Bitcoiners who will be in Nashville next month for @The Bitcoin Conference image
We had an amazing time at the range with some of the members of @Bitcoin Park We need to make sure these Big Brained MFers know how to protect themselves. This was the first of many training events to come! Big thank you to Dan and Cindy from Dustoff Ranch for letting us use their facilities and providing us with some AMAZING brisket. You guys are the best!! image
BTC Daily Intelligence Bulletin (DIB) Block: 848,894 DTG/ICOD: 0800EST 21Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: South Korea May Send Weapons to Ukraine / China Using Blades on Philippine Rubber Boats / Missouri AG Sues NY Over Trump Lawfare / Oakland Mayor Raided by FBI / SCOTUS Rules IRS Can Tax OCONUS / US Lawmaker Visit Binance Exec in Nigerian Prison / Winklevii Give $2M to Trump / SEC Backing off on Ripple / Outflow from BTC ETFs Continues / Tencent Joins mBridge CBDC Project / US Car Dealership Hacked Market Data: Price: 1 BTC= $63,753, 26.93 oz Gold, .15 Median US House 24hr Hi: $66,451 / Lo: $63,529 Vol: $27B (Up 36%) Mkt Cap: $1.26T (Down 4%) HashRate: 592 EH/s Avg Fee Rate: 11 sats/vBtye (Down 48%) Nodes: 18,600 ---Reports--- -International Events- 1. South Korea to consider supplying arms to Ukraine after Putin-Kim pact: “We will reconsider the issue of supplying weapons to Ukraine,” South Korean national security adviser Chang Ho-jin told reporters late on Thursday after Putin, who visited Pyongyang for the first time in more than 20 years, said he would consider supplying high-precision weapons to North Korea. (FT) 2.‘Only pirates do this’: Philippines accuses China of using bladed weapons in major South China Sea escalation: Footage released by the Philippine military on Thursday showed Chinese coast guard officers brandishing an axe and other bladed or pointed tools at the Filipino soldiers and slashing their rubber boat, in what Manila called “a brazen act of aggression.” (CNN) 3. NATO hopes to Trump-proof the alliance with new chief Mark Rutte. It could backfire: The Biden administration got its way when outgoing Dutch Prime Minister Mark Rutte secured the support of all 32 NATO allies for the alliance’s top political post. Rutte, whose center-right politics in Europe would put him to the left of many mainstream Democrats, is known for his pragmatism, his skill for building coalitions and his staunch transatlantic views. (Politico) -US Events- 1. Missouri Attorney General Andrew Bailey Will Sue New York for ‘Lawfare Against President Trump’: “I will be filing suit against the State of New York for their direct attack on our democratic process through unconstitutional lawfare against President Trump. It’s time to restore the rule of law,” Bailey announced on X. “We have to fight back against a rogue prosecutor who is trying to take a presidential candidate off the campaign trail. It sabotages Missourians’ right to a free and fair election,” he added. (Breitbart) 2. Oakland Mayor Sheng Thao's home raided by FBI agents; feds target other locations: Just after 10 a.m., several FBI agents emerged from the home carrying boxes as news crews staked out positions across the street. It was unclear what the agents were seeking or what was seized. (CBS) 3. Justices uphold Trump tax on overseas investments in win for Biden: The Supreme Court on Thursday upheld a Trump-era tax on overseas investments, rejecting an argument from a Washington state couple in a case that could have jeopardized existing tax provisions and torpedoed Democratic talk of a wealth tax. A 7-2 majority upheld the tax, though several justices offered differing rationales. (CNN) -Regulatory and Legal- 1. U.S. Lawmakers Visit Detained Binance Exec in Nigeria, Call for Release: U.S. lawmakers Rep. French Hill (R-Ark.) and Rep. Chrissy Houlahan (D-Penn.) visited Tigran Gambaryan in a Nigerian prison on Wednesday as the Binance executive remains incarcerated facing money-laundering charges due to his involvement with the crypto exchange. Hill said Gambaryan, who has been held since arriving in February for talks with the government, is suffering from malaria and double pneumonia. (CoinDesk) 2. Winklevoss Twins Say They Each Gave $1 Million to Trump Presidential Campaign: The Winklevoss brothers have become two of the first big-name crypto CEOs to cross the campaign-contribution barrier that had kept big-time donations from the presidential race. (CoinDesk) 3. Multiple US States Have Revoked Binance US Crypto Licenses: Multiple U.S. states have revoked or declined to renew Binance US money transmitter licenses due to compliance issues and legal troubles involving former CEO Changpeng Zhao (CZ). “North Dakota joins Alaska, Florida, Maine, North Carolina, and Oregon who have taken similar actions to revoke or deny the renewal of BAM Trading Services’ Money Transmission License,” North Dakota’s financial regulator stated.(BitcoinCom) 4. SEC Leaning Towards Not Appealing Ripple Ruling, Citing Strategic Risks: The latest development in the market suggests that the long-going Ripple vs SEC lawsuit might be nearing its end soon. One recent report suggests that the U.S. SEC might not appeal the recent summary judgment of Judge Analisa Torres that partially favors Ripple Labs. This hints at a major strategic shift with the SEC likely trying to avoid any further escalation of the case in the higher court. (CryptoNews) -Institutional Concerns- 1. US spot bitcoin ETFs shed $140 million as fund exit continues: Grayscale’s GBTC led the pack yesterday with a daily net outflow of $53 million, closely followed by Fidelity’s FBTC, which posted outflows of $51 million, according to data from SoSoValue. Bitwise’s BITB reported $32 million in net outflows, while VanEck’s ETF logged net outflows of $4 million. The fund from Invesco and Galaxy Digital saw $2 million in net outflows. (TheBlock) -Central Bank Digital Currencies (CBDC)- 1. Tencent participates in China’s mBridge CBDC cross payment solution: Tencent is one of nine institutions that has participated on the Chinese side of the mBridge cross border central bank digital currency (CBDC) solution that recently launched a minimum viable product (MVP). Tencent owns WeChat Pay, China’s largest mobile payment app with 1.1 billion monthly active users. mBridge leverages wholesale CBDCs from the central banks of China, Hong Kong, Thailand and the UAE, with Saudi Arabia joining earlier this month. The BIS Innovation Hub coordinates the project and aims to enable cheaper, faster cross border payments. (LedgerInsights) (AC- With the BIS, China and now Saudi Arabia joining the mBridge project, technology partners are needed. Tencent, via WeChat Pay, is a strong addition to the project.) -Economic Indicators- 1. US Mortgage Rates Fall to 2-Month Low: The average rate for a 30-year fixed mortgage fell by 8bps from the previous week to 6.87% as of June 20th, the lowest in two months, according to Freddie Mac. (TradingEconomics) 2. US Current Account Gap Highest in 7 Quarters: The US current account deficit increased by $15.8 billion to $237.6 billion in the first quarter of 2024, equivalent to 3.4% of GDP, and falling short of market expectations of a $206.4 billion gap. (TradingEconomics) -Security Incidents and Concerns- 1. Disruptions at Many Car Dealerships Continue as CDK Hack Worsens: Car dealerships across the United States will likely have to deal with disruptions for several more days after software provider CDK Global detected an additional cyber incident. The company provides dealer management, retail, customer relationship management, finance and insurance, network and communication, and intelligence services. (SecurityWeek) -Technology- 1. Japan Aims to Become Most AI-Friendly Nation, Countering EU Regulations: Japan is promoting itself as the most AI-friendly nation to lure investments from Europe and beyond with its regulation-light strategy. While the EU just passed the AI Act, the world's first comprehensive AI law, Japan's AI Strategic Council, which leads talks, favors regulations led by the tech industry, as reported by Nikkei Asia. (TechTimes) -Bitcoin Community- 1. Marathon Uses Bitcoin Mining To Heat Town of 11,000 in Finland: Today, Marathon Digital Holdings has launched an innovative pilot project to recycle heat generated from Bitcoin mining to warm a community in Finland. The 2-megawatt data center, energized at the end of May, is located in the Satakunta region, home to 11,000 residents. (BitcoinMag) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 63/100 (Up 3 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 848,751 DTG/ICOD: 0800EST 20Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Top Israeli Military Leader Says Hamas Cannot Be Defeated / Putin Continues Asia Tour in Vietnam / Texas Prepares for Tropical Storm Alberto / Louisiana Mandates Ten Commandments Display / Bitcoin Holdings Raise Questions / US Economy Showing More Weakness / BoE Claims 2% Inflation Victory / Bitcoin On Horizon for Major Wirehouses and Banks / Market Data: Price: 1 BTC= $66,128, 28.32 oz Gold, .15 Median US House 24hr Hi: $66,451 / Lo: $64,693 Vol: $18.8B (Down 42%) Mkt Cap: $1.292T (Up 2.92%) HashRate: 513 EH/s Avg Fees: 14 Sats/vByte (Down 52%) Nodes: 19,492 ---Reports--- -International Events- 1. Top Israeli Military Leader Says Hamas Cannot Be Defeated: The Israel Defense Forces' top spokesman, Rear Adm. Daniel Hagari, stated that eliminating Hamas, which he described as "an idea," is not possible and suggesting otherwise misleads the public. This perspective highlights a rift with Israeli Prime Minister Benjamin Netanyahu, who remains committed to the war in Gaza with the stated goal of destroying Hamas' capabilities. This discord follows Netanyahu's dissolution of his war Cabinet after Benny Gantz's resignation and underscores the lack of a clear postwar plan for Gaza, a point of criticism from both domestic and international observers. The conflict, ongoing for 257 days, has seen significant casualties and global criticism, with the United States expressing skepticism about the feasibility of fully eliminating Hamas. (NBC News) 2. Putin Continues Asia Tour in Vietnam: Russian President Vladimir Putin has arrived in Hanoi, Vietnam, marking the second stop of his East Asian tour, following a visit to North Korea which saw the two nations sign a defensive pact. The visit underscores Russia's ongoing diplomatic support in the region, despite criticism from the United States, which views it as an opportunity for Putin to promote his war in Ukraine. Vietnam values its historic ties with Russia and maintains a complex diplomatic stance by abstaining from UN resolutions condemning Russia while fostering relationships with both Ukraine and Western nations. As Vietnam continues its "bamboo diplomacy," balancing relationships without formal alliances, it remains to be seen how long it will maintain its camaraderie with Putin, given its gradual shift away from reliance on Russian military equipment and internal political shifts. (BBC) -US Events- 1. Texas Prepares for Tropical Storm Alberto: Texas Governor Greg Abbott issued a disaster declaration for 51 counties in anticipation of Tropical Storm Alberto, expected to bring heavy rains and coastal flooding through Thursday. The National Weather Service forecasts the storm to make landfall in Mexico, with significant impacts extending into southern Texas. Tropical-storm-force winds, storm surge, and flooding are already affecting the Texas and Louisiana coastlines, rendering many roadways impassable. Forecasters predict an aggressive Atlantic hurricane season influenced by a record-warm North Atlantic Ocean Basin and La Niña, potentially resulting in numerous powerful storms. (Axios) 2. Louisiana Mandates Ten Commandments Display: Louisiana has become the first state to mandate the display of the Ten Commandments in every public school classroom, from kindergarten to state-funded universities, under a new law signed by Republican Gov. Jeff Landry. The legislation, part of a conservative agenda pushed by the GOP-dominated Legislature, requires posters with the Ten Commandments in "large, easily readable font" and a context statement detailing their historical significance, to be in place by the start of 2025, funded through donations. Opponents argue the law is unconstitutional and violates the separation of church and state, setting up a likely challenge in court. Proponents claim the measure has historical importance and serves as a moral foundation, reflecting broader conservative efforts within the state. (AP) -Regulatory and Legal- NSTR -Institutional Concerns- 1. Bitcoin Holdings Raise Questions: The increasing bitcoin holdings by major institutions like BlackRock and Fidelity, nearing 500,000 bitcoins, have stirred concerns within the crypto community. In a discussion on "The Wolf of All Streets" podcast, Austin Arnold from Altcoin Daily highlighted the inevitability of institutional involvement for mass adoption, noting that bitcoin's current price around $65,000 is seen as de-risked due to regulatory clarity and the approval of bitcoin ETFs by the U.S. SEC. Arnold emphasized the global reach of these ETFs and their political significance, suggesting they reflect growing international and political interest in bitcoin. While concerns about market manipulation persist, Arnold reassured that the bitcoins held by these ETFs are custodied for clients, not directly controlled by the institutions, underscoring the need for retail investor education. (The Street) -Central Bank Digital Currencies (CBDC)- NSTR -Economic Indicators- 1.: US Economy Showing More Weakness: The U.S. economy is showing signs of weakness as consumer spending, a crucial driver of growth, begins to slow amid persistent inflation and a softening job market. Retail sales saw only a modest gain in May, with downward revisions for March and April, raising concerns about a potential slowdown. Inflation continues to pressure spending despite high interest rates, and declining sales in key sectors like gasoline and home furnishings indicate consumer belt-tightening. Additionally, signs of a weakening labor market, with reduced wage premiums and potential declines in hiring, suggest challenges ahead for maintaining economic momentum. (The Street) 2. BoE Claims 2% Inflation Victory: UK inflation reached the Bank of England's 2% target in May for the first time since 2021, though underlying price pressures remain strong, potentially delaying any pre-election interest rate cuts. Services price inflation, a key indicator for the BoE, was at 5.7%, higher than expected, suggesting ongoing inflationary risks. The drop in headline inflation from 2.3% in April was significant but came too late to influence upcoming elections or prompt a rate cut. Despite the inflation drop, driven by lower energy bills and food prices, the BoE is cautious about cutting rates due to persistent domestic price pressures and elevated pay growth. (Reuters) -Security Incidents and Concerns- NSTR -Bitcoin Community- 1. Bitcoin On Horizon for Major Wirehouses and Banks: Bernstein analysts predict that spot Bitcoin ETFs are close to approval at major wirehouses and private banks, which they believe will significantly boost adoption. They maintain a $200,000 price target for Bitcoin by the end of 2025, citing the institutional basis trade as a key driver for future net long positions. Despite some bearish arguments, analysts point to the increasing comfort with ETF liquidity and the potential for substantial advisor-driven demand. Additionally, new FASB guidelines are expected to encourage corporate treasury adoption, adding to the incremental demand for Bitcoin ETFs in 2024. (The Block) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 60/100 (Down 4 pts) Analyst Comments (AC): Study bitcoin. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2B END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 848,628 DTG/ICOD: 0800EST 19Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Israel Approves Plans for Lebanese Offense / Putin Receives Warm Reception in North Korea / Israeli Intelligence Faces Internal Scrutiny / Biden Pushes Path to Citizenship Plans / New Mexico Declares State of Emergency / SEC Ends ETH 2.0 Investigation / Bank of Thailand Considers CBDC / US Budget Deficit Continues to Rise / Business Bankruptcies and Closures Increase / Summer Temps to Impact Bitcoin Hashrate /   Market Data: Price: 1 BTC= $65,114, 28.13 oz Gold, .15 Median US House   24hr Hi: $65,786 / Lo: $64,066 Vol: $34.5B (Down 4%) Mkt Cap: $1.292T (Up 2.92%)  HashRate: 640 EH/s  Avg Fees: 29 Sats/vByte (Up 21%) Nodes: 19,503   ---Reports---  -International Events- 1. Israel Approves Plans for Lebanese Offensive: The Israeli military has approved plans for an offensive in Lebanon amid escalating daily clashes with Hezbollah, which have displaced tens of thousands and caused casualties on both sides. The conflict intensified following Hezbollah's rocket attacks in response to Israel's killing of a group commander. Despite ongoing diplomatic efforts led by the US to de-escalate the situation, Israeli officials have expressed readiness for military action. Hezbollah's recent release of surveillance footage of Israeli sites has further heightened tensions, with Israeli leaders warning of severe consequences if conflict erupts. (Financial Times)   2. Putin Receives Warm Reception in North Korea: As reported yesterday, Russian President Vladimir Putin received a warm welcome in Pyongyang where he met with North Korean leader Kim Jong Un to strengthen their partnership in the face of U.S. pressure. The lavish reception included an honor guard, cheering crowds, and adorned streets. During the summit, both leaders praised each other's resistance to U.S. policies, with Putin highlighting North Korea's support for Russia amid the Ukraine conflict. The visit underscores the deepening ties between the two nations, with discussions on economic cooperation and a potential strategic partnership treaty, signaling strengthening regional alliances. (Reuters)   3. Israeli Intelligence Faces Internal Scrutiny: The IDF and Unit 8200 are facing internal investigations over the mishandling of an intelligence document detailing Hamas's raid plans, leading to significant embarrassment and an investigation into security lapses. The document, distributed by Unit 8200 on September 19, 2023, outlined Hamas's exercises for raiding Israeli military posts and kidnapping civilians but was not properly processed or escalated to senior officials. This oversight became evident when the document was discovered by a Gaza Division intelligence officer on October 1, who failed to inform senior commanders. The mishandling of this critical information, despite its importance being known to top intelligence leadership, is being investigated, with initial findings expected to be presented to the Chief of Staff soon. (The Jerusalem Post)   -US Events- 1. Biden Pushes Path to Citizenship Plans: President Joe Biden has unveiled a sweeping new plan to offer potential citizenship to almost half a million “immigrants without legal status” in the U.S., focusing on spouses of U.S. citizens who have lived in the country for over ten years. This plan would provide protection and work permits to eligible individuals. The plan, announced during an event marking the 12th anniversary of the DACA program, looks to rouse support for the President in an election year which sees Hispanic support moving towards the GOP. Republicans have criticized the plan as a "mass amnesty," while advocates believe it will energize support for Biden's reelection. (AP)   2. New Mexico Declares State of Emergency: Following up on yesterday’s reporting, a wildfire in southern New Mexico has killed at least one person and forced thousands to flee from the village of Ruidoso, prompting Governor Michelle Lujan Grisham to declare a state of emergency. The fire has destroyed or damaged over 500 structures, and strong winds continue to challenge firefighting efforts. Many evacuees have fled to nearby Roswell. The governor has deployed National Guard troops and a top-level fire management team to the area, emphasizing the ongoing danger as the fires, which have burned over 31 square miles, remain uncontained. (AP)   -Regulatory and Legal- 1. SEC Ends ETH 2.0 Investigation: Ethereum's price surged following Consensys' announcement that the U.S. Securities and Exchange Commission (SEC) has dropped its investigation into whether ETH is a security. The news led to a price increase, with ETH reaching $3,541 shortly after the announcement. This development reduces concerns among some investors over potential securities law violations. This follows the SEC's recent approval of spot Ether exchange-traded funds (ETFs) in the U.S., further highlighting a shift in regulatory attitudes towards the crypto space. (Cointelegraph)   -Institutional Concerns- NSTR   -Central Bank Digital Currencies (CBDC)- 1. Bank of Thailand Pushes CBDC: The Bank of Thailand is reportedly increasing its gold reserves to support a de-dollarized trading system powered by a central bank digital currency (CBDC), according to gold market analyst Jan Nieuwenhuijs. Nieuwenhuijs suggests that the Bank's persistent gold purchases are aimed at addressing trade imbalances through the Mbridge project, a CBDC-driven cross-border settlement system. Thailand has been a net importer of gold since October 2023, with purchases continuing despite varying gold prices. This move aligns with the recent bilateral currency agreement with China and aims to stabilize the new trading system by recycling surpluses into gold, promoting de-dollarization. (BitcoinCom)   -Economic Indicators- 1. US Budget Deficit Continues to Rise: The U.S. budget deficit for fiscal 2024 is projected to rise to $1.915 trillion, primarily due to increased spending on student loan relief, Medicaid, bank failure resolutions, and aid to Ukraine and Israel. This marks a 27% increase over previous estimates and follows a significant deficit from the previous year. The Congressional Budget Office also predicts the deficit will further increase to $1.938 trillion in fiscal 2025. Contributing factors include legislative changes and rising interest and healthcare costs, despite a stronger economic outlook and reduced long-term deficits from increased immigration. (Reuters)   2. Business Bankruptcies and Closures Increase: Amid rising inflation, an increasing number of companies are declaring bankruptcy and closing operations, leading to nearly 3,200 store closures in 2024, according to CoreSight Research. This represents a 24% increase from the previous year, with notable closures from retailers such as Family Dollar, Tupperware, Rue21, and 99 Cents Only. The economic strain is compounded by retail theft, higher operating costs, and a surge in consumer debt, with credit card delinquencies on the rise. A poll by The Center Square Voters’ Voice indicates that inflation and the economy are top concerns for voters across political affiliations. (New York Post)   -Security Incidents and Concerns- NSTR   -Bitcoin Community- 1. Summer Temps to Impact Bitcoin Hashrate: Bitcoin's hashrate may decline during the North American summer as miners reduce operations due to extreme heatwaves. The reduced competition could provide some relief to miners already facing profit squeezes since the halving. The seasonal slowdown, driven by the need for cooling and increased residential energy consumption, has historically resulted in lower hashrate and mining difficulty. This trend, particularly affecting miners in the U.S., could lead to a decrease in hashrate growth, offering some miners a temporary respite from intense competition. (CoinDesk)   -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 64/100 (Down 10 pts)   Analyst Comments (AC): Study bitcoin.   Follow us on NOSTR:  npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2B END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 848,472 DTG/ICOD: 0800EST 18Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Putin, Kim Meet in NK / Chinese-Philippine Ships Collide in Spratly Islands / Ukraine Hits Azov Region in Russia With Drones / New Mexico Fire Threatens Town / Federal Judge Stays Iowa Immigration Law / Biden Admin to Allow Spouses of US Cits Legal Status / Why is the US Dollar still the King? / Stocks Hit New Highs Market Data: Price: 1 BTC= $65,363, 28.24 oz Gold, .15 Median US House 24hr Hi: $67,252 / Lo: $64,252 Vol: $36B (Up 83%) Mkt Cap: $1.29T (Down 1%) HashRate: 549 EH/s Avg Fee Rate: 23 sats/vBtye (Up 93%) Nodes: 19,479 ---Reports--- -International Events- 1. Before his summit with North Korea’s Kim, Putin vows they’ll beat sanctions together: Russian President Vladimir Putin thanked North Korea for supporting his actions in Ukraine and said their countries will cooperate closely to overcome U.S.-led sanctions as he headed to Pyongyang on Tuesday for a summit with North Korean leader Kim Jong Un. Putin also said Russia and North Korea will develop trade and payment systems “that are not controlled by the West” and jointly oppose sanctions against the countries, which he described as “illegal, unilateral restrictions.” (AP) 2. US blasts ‘aggressive’ China over South China Sea collision with Philippine ship: A Chinese vessel and a Philippine supply ship collided near Second Thomas Shoal in the contested Spratly Islands early Monday, according to statements from both nations, which blamed each other for the incident. The incident Monday is the latest in a string of recent confrontations between Manila and Beijing that have raised concerns among Western observers of potentially developing into an international incident if China, a global power, decides to act more forcefully against the Philippines. (CNN) 3. Ukrainian Drone Attack Sets Oil Tanks Ablaze in Southern Russia: An overnight drone attack set several oil storage tanks ablaze near the town of Azov in southern Russia on Tuesday, sparking a large fire, local officials said. "Oil product tanks caught fire in Azov as a result of a drone attack. According to preliminary findings, there were no casualties," the Rostov region governor Vasily Golubev said on Telegram. (MoscowTimes) -US Events- 1. Entire New Mexico village evacuates as a pair of fires converge on it ‘like a pair of tongs,’ official says: A wall of smoke filled the sky over the village of Ruidoso Monday evening as a line of cars snaked out of the community. An estimated 5,000 residents were ordered to evacuate the village area due to the approaching South Fork Fire. (CNN) 2. Federal judge calls Iowa's immigration law 'not defensible,' grants injunction: A new Iowa law imposing state criminal penalties on undocumented immigrants is unconstitutional and cannot be enforced, a federal judge ruled Monday. (DesMoinesRegister) 3. Biden announces sweeping protections for migrant spouses of US citizens: The DHS will implement a new policy to allow some migrants to apply for lawful permanent resident status, including the non-citizen spouses and children of lawful U.S. permanent residents or citizens. (Fox) -Regulatory and Legal- 1. Korean Exchanges Set to Reevaluate Over 600 Listed Virtual Assets: South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will be required to conduct maintenance reviews quarterly. The reputation of the issuers and user protection tools are among the factors related to virtual assets that will be reviewed. -Institutional Concerns- NSTR -Central Bank Digital Currencies (CBDC)- 1. Ethiopia takes first step toward CBDC in economic reform: The National Bank of Ethiopia (NBE) plans to have a legal framework and regulatory sandbox in place for CBDC introduction “as necessary.” (CoinTelegraph) -Economic Indicators- 1. Why the Dominance of America’s Currency is Harder Than Ever to Overturn: The U.S. economy is no longer the colossus it once was. It would be no surprise, then, if the dollar were rapidly losing its power. But in fact the opposite is happening: the trends that would be expected to weaken the dollar, many of them driven by U.S. policy, are only strengthening its global dominance. But predictions of the dollar’s demise have greatly exaggerated the currency’s weakness—a fact made clear by its remarkable endurance. (ForeignAffairs) (AC-A well-balanced, if dollar-biased, long article on the current state of the US dollar relative to other currency choices. The bottom line is that the USD is still doing well because the other options are worse, taking into account the 3 principles of a good currency- a unit of account, store of value and medium of exchange.) 2. S&P 500, Nasdaq Rally to Fresh Records: The S&P 500 advanced 0.7% on Monday to close at its 30th record this year and the Nasdaq rallied 0.9% notching its 6th streak closing record while the Dow Jones gained 189 points. The rally was largely fueled by substantial gains in the tech sector, despite a rise in Treasury yields. (TradingEconomics) -Security Incidents and Concerns- 1. Warning: Fake Ripple Stablecoin Scam Targets XRPL Users: Scammers have begun to exploit the hype around Ripple’s anticipated stablecoin launch, circulating a counterfeit Ripple USD (RLUSD) token on the XRP Ledger (XRPL). The fraudulent activity comes ahead of the expected release of the official RLUSD, set to compete with heavyweight contenders such as Tether and Circle in the stablecoin market. (BItcoinist) -Technology- NSTR -Bitcoin Community- 1. Largest Telecom Provider in Europe, Deutsche Telekom, Will Begin Mining Bitcoin: "Since 2023 we [have been] running a Bitcoin node and we are running Bitcoin Lightning nodes as well," he stated. Dirk Röder then hinted at an upcoming venture, saying, "And with a heart full of [...] pride, I would like to let you in on a little secret: we will engage in 'digital monetary photosynthesis' soon." (Yahoo) 2. Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures: In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. (BitcoinCom) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 74/100 (Up 3 pts) Analyst Comments (AC): The article in Foreign Affairs today is the second one in a week defending the US Dollar in long-essay form by a major respected publication. Last week Foreign Policy put out an essay called "Don’t Bet Against the Dollar", which has similar observations and analysis. The interesting point is that both articles are free, when articles from these publications are often behind a paywall. Both seem very well-written from economists and on the surface well-balanced. They are good reads for understanding the dynamics of global currency power and why the USD continues its lead among others. They do seem, however, to be stuck in a paradigm that has proven true over the last 60 years and is subject to change. They mention Bitcoin and stablecurrencies and the increasing power they hold, but heavily discount their rise against the dollar. It is certainly contentious when making analysis of a complicated subject as world currency, but the historical bias of USD leadership in the articles should draw suspicion either from narrative influence or change-denial perspectives. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB) Block: 848,334 DTG/ICOD: 0800EST 17Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Ukraine Peace Conference Held Without Russia / China Expanding Nuke Arsenal / Netanyahu Disbands War Cabinet / WildFires North of L.A./Heat in Central US / Paul Ryan Pens Support for Stablecoins / Biden Admin to Attend Blockchain Roundtable / El Salvador Brings Bitcoin to Banks / Ripple Continues CBDC Push / Microsoft Pauses "Recall" Rollout / Market Data: Price: 1 BTC= $65,760, 28.36 oz Gold, .15 Median US House 24hr Hi: $66,894 / Lo: $65,548 Vol: $19B (Up 53%) Mkt Cap: $1.3T (Down 1%) HashRate: 661 EH/s Avg Fee Rate: 12 sats/vBtye (Down 60%) Nodes: 18,520 ---Reports--- -International Events- 1. Kremlin derides outcome of Ukraine talks held without Russia: The Kremlin was commenting on a weekend summit where Western powers and their allies denounced Russia's invasion of Ukraine but failed to persuade major non-aligned states to join their final statement. Kremlin spokesman Dmitry Peskov said the results of the meeting, to which Russia was not invited, were "close to zero". (Reuters) 2. China pursuing ‘significant’ expansion of nuclear arsenal, report says: Beijing is both growing and modernizing its nuclear arsenal, according to an annual report released Sunday by the Stockholm International Peace Research Institute (SIPRI). China’s military stockpile grew from 410 nuclear warheads last year to 500 as of January, the report found. China is believed to have placed some warheads on a “high operational alert” for the first time, SIPRI found. (WaPo) 3. Netanyahu disbands his inner war cabinet: Israeli Prime Minister Benjamin Netanyahu has dissolved the six-member war cabinet, an Israeli official said on Monday, in a widely expected move that came after the departure from government of the centrist former general Benny Gantz. (Reuters) -US Events- 1. Wildfire north of Los Angeles spreads as authorities evacuate 1,200 people: The blaze, named the Post Fire, burned more than 3,600 acres (5.6 square miles or 14.5 square kilometers) near the Interstate 5 freeway in Gorman, about 62 miles (100 kilometers) northwest of Los Angeles. (Breitbart) 2. Stifling heat wave settles in for the long haul: A heat dome is building in intensity across the Ohio Valley and lower Great Lakes. It is forecast to shift east-northeastward this week, and potentially peak at record intensity at this time of year for New England. (Axios) -Regulatory and Legal- 1. Crypto Could Stave Off a U.S. Debt Crisis: The U.S. is headed toward a predictable yet avoidable debt crisis. If nothing is done, the economy will stall while government promises of healthcare and retirement security will be broken. Cuts to national defense will put the country at risk. We might start by taking stablecoins seriously. Promoting dollar-backed stablecoins would follow a well-trodden path and offer clear near-term benefits. There would be an immediate, durable increase in demand for U.S. debt, which would reduce the risk of a failed debt auction and an attendant crisis. (Fmr Speaker Paul Ryan in WSJ) 2. Salvadoran Government Introduces Bitcoin Banking Law Reform: The Salvadoran government has presented an initiative to accelerate the inclusion of Bitcoin and other cryptocurrencies in its investment banking sector. The banking law reform introduced to the National Assembly would allow private investors to constitute banks that can provide services in Bitcoin and stablecoins for sophisticated investors. (BitcoinCom) (AC-El Salvador leading the charge in making Bitcoin more accessible to all) 3. Biden Administration, Mark Cuban, and Ro Khanna Set for Critical Crypto Roundtable: Members of the Biden administration are reportedly convening for a bitcoin and blockchain roundtable with American entrepreneur and “Shark Tank” star Mark Cuban. This news comes after presidential candidate Donald Trump vowed to “end Joe Biden’s War on Crypto.” (BitcoinCom) -Institutional Concerns- 1. MicroStrategy Increases Convertible Note Offering by 40% to $700M in Bitcoin Splurge: Nasdaq-listed software firm MicroStrategy (MSTR), the largest corporate holder of bitcoin (BTC), increased its convertible note offering by 40% to $700 million and priced it to offer a 2.25% annual yield. (CoinDesk0 -Central Bank Digital Currencies (CBDC)- 1. Ripple CEO announces collaborations with 10 governments on CBDCs: Ripple’s influence in the global financial sector is growing. Recently, it was revealed that 80% of banks in Japan have partnered with Ripple for blockchain payment solutions. Moreover, Ripple’s engagement in CBDC pilot programs extends beyond Georgia to include countries such as Colombia, Bhutan, Palau, and Montenegro, demonstrating its role in the worldwide digital transformation of central banking systems.Additionally, Ripple is preparing to introduce its stablecoin, Real USD (RLUSD), which was unveiled at the recent XRP Ledger (XRP) Apex Summit in Amsterdam. (Finbold) -Economic Indicators- 1. Dollar Hovers Near 6-Week Highs: The dollar index held above 105.5 on Monday, hovering near its highest levels since early May as the Federal Reserve’s updated projections released last week pointed to only one interest rate cut this year, which could come as late as December. (TradingEconomics) -Security Incidents and Concerns- 1. Microsoft Delays Release of Windows Recall Feature Due to Security Concerns: Microsoft has hit the brakes on the release of Windows Recall, a controversial feature that would record all your activities on your PC, taking screenshots of your active screen every few seconds. Well, it looks like Microsoft has finally awakened to just how big of a security risk Recall was set to be, as the company has announced that Recall will no longer be a part of the upcoming Copilot+ PCs. (TechReport) -Technology- NSTR -Bitcoin Community- 1. These Central Banks Buy Bitcoin, Others Will Soon Follow, Claims Expert: In a space on X that included influential voices from the industry—Bitcoin Magazine CEO David Bailey, alongside analysts Dylan LeClair and Matthew Pines—claims were made that are stirring intense discussions within financial and crypto circles. Bailey, who is serving as one of Trump’s closed Bitcoin advisors, boldly asserted that multiple central banks globally are actively acquiring Bitcoin. After being queried by Fred Krueger about which countries besides El Salvador, David Bailey asserted: “Iran, Bhutan, Venezuela, nobody super impressive. The large government buyers are the sovereign wealth funds.” (Bitcoinist) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 71/100 (Down 3 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 847,891 DTG/ICOD: 0800EST 14Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Israel-Hezbollah Clashes Intensify / G7 To Lend $50B to Ukraine / NATO Takes Over Ukraine Money Flows / Storms Continue in Sunshine State / New Greenpeace Report Targets Bitcoin Miners and Wall Street / Largest Brazil Bank Opens Bitcoin Trading / US Banks Not Interested in Retail CBDCs / Trezor Launches New Hardware Wallet / US Losing Bitcoin Developers Market Data: Price: 1 BTC= $67,027, 28.72 oz Gold, .16 Median US House 24hr Hi: $68,337 / Lo: $66,304 Vol: $26B (Down 27%) Mkt Cap: $1.32T (Down 1%) HashRate: 558 EH/s Avg Fee Rate: 39 sats/vBtye (Up 18%) Nodes: 19,391 ---Reports--- -International Events- 1. Hezbollah-Israel clashes intensify as fears grow of all-out war in Lebanon: The Israeli military said that its air force struck Hezbollah infrastructure in southeast Lebanon’s Deir Seryan. Earlier, the Israeli military said Hezbollah launched 40 projectiles toward northern Israel. Some were intercepted, but others landed and caused fires, the military said in statements. In a widely shared video on social media, Israeli forces were seen using a catapult to launch fireballs into Lebanon. Israel and Hezbollah have engaged in nearly nonstop cross-border exchanges since the Gaza war began last October, but the situation has escalated in recent weeks, leading to increased US concerns about an all-out war between the two. (ALMonitor) 2. G7 leaders agree to lend Ukraine billions backed by Russia’s frozen assets: Leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on profits from Russia’s frozen central bank assets would be used as collateral. Most of the money would be in the form of a loan mostly guaranteed by the U.S. government, backed by profits being earned on roughly $260 billion in immobilized Russian assets. The vast majority of that money is held in European Union nations. (AP) (AC-Economic warfare usually has unintended consequences. Enter BRICS.) 3. NATO to take over part of US-led Ukraine aid channel: The shift is broadly perceived as a move by European allies to "Trump-proof" the Ukraine Defense Contact Group, given the possibility that former U.S. President Donald Trump could return to the White House in November elections. Trump is seen as likely to roll back U.S. commitments to Kyiv. The contact group mechanism has been firmly under the control of the U.S. Department of Defense since the outbreak of Russia's full-scale war on Ukraine in February 2022. (Politico) -US Events- 1. Storm-battered Florida braces for a fourth day of floods after downpours transformed roads into canals and stranded drivers: Even as the robust tropical moisture fueling the soaking storms slowly starts to shift out of the area, Friday marks yet another drenching day for South Florida and multiple cities could see more than 2 feet of rain Tuesday through Friday. (CNN) 2. Texas’s Title IX case is about a national abortion ban, not student attendance: A new case out of Texas, brought by Attorney General Ken Paxton for the state of Texas and joined by two University of Texas (UT) Austin professors, broadly challenges the U.S. Department of Education’s interpretation of Title IX — the federal law that prohibits sex discrimination in education — that is set to go into effect later this summer. The case is generating headlines partly because the two plaintiff professors have declared (in advance) that they will not comply with the Title IX guidance. They lodge a range of complaints about using non-binary gender pronouns and “cross-dressing” teaching assistants, and, notably, students who seek abortions. (TheHill) -Regulatory and Legal- 1. Wall Street must be accountable for Bitcoin mining emissions — Greenpeace: The report, titled “Bankrolling Bitcoin Pollution: How Big Finance Supports a New Climate Threat” from the environment-focused NGO, differs from previous Greenpeace papers on the Bitcoin mining industry. The report names Trinity Capital, Stone Ridge Holdings, BlackRock, Vanguard and MassMutual as the top five financiers of carbon pollution from Bitcoin mining companies. (CoinTelegraph) (AC-An -Institutional Concerns- 1. Bitcoin ETFs See $226M Outflows Led by Fidelity’s FBTC: BlackRock’s IBIT was the only ETF posting a net inflow on Thursday, while most of the funds recorded outflows. (CoinDesk) 2. Brazil’s Biggest Bank, with BRL 2.069 Trillion Assets under Management, Opens Bitcoin (BTC) Trading for Everyone: Itau Unibanco has made a significant expansion in its financial services. The bank has introduced cryptocurrency trading to all customers through its in-house investment platform, Ion. (CryptoNews) -Central Bank Digital Currencies (CBDC)- 1. Do wholesale CBDCs compete with bank services?: Most banks are not keen on retail central bank digital currencies (CBDCs) because they fear it will lure away bank deposits. The recent support by the American Bankers Association for the anti-CBDC Bill is evidence of this. (LedgerInsights) (AC-Good perspective on banker's incentives. Some bankers, however, DO support wholesale CBDCs.) -Economic Indicators- 1. 10-Year Treasury Yield Falls for 4th Day: The yield on the US 10-year Treasury note declined for a fourth consecutive session to 4.21% on Friday, reaching the lowest level since the end of March, as lower-than-expected CPI and PPI and a rise in initial claims increased bets the Fed can deliver multiple rate cuts this year. (TradingEconomics) 2. US Producer Prices Unexpectedly Decline: Factory gate prices in the US went down 0.2% mom in May 2024, compared with market expectations of a 0.1% increase and after a 0.5% rise in April. (TradingEconomics) -Security Incidents and Concerns- NSTR -Technology- 1. Trezor launches Safe 5 crypto hardware wallet, including a bitcoin-only version: The firm said the new device will enable users to securely store, manage, stake, and use thousands of cryptocurrencies in one place via the Trezor Suite desktop and mobile app. Unlike rival manufacturer Ledger, Trezor devices are open-source, meaning they are community-based and audited so vulnerabilities may be seen and fixed faster. On the other hand, it may make devices easier to crack when stolen. (TheBlock) -Bitcoin Community- 1. From Silicon Valley to Global Hubs: US Crypto Developers Shift Overseas: The United States has long been a beacon of technological innovation, but in recent years, it has seen a troubling trend in the cryptocurrency sector. According to a recent report by Coinbase, since 2018, there has been a 26% drop in the proportion of crypto developers based in the US. Responding to this, Bill Morgan suggests that the actions taken by the SEC, particularly under Gensler’s leadership, have not only stifled innovation but also discouraged the broader market. (BItcoinist) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 74/100 (Down 2 pts) Analyst Comments (AC): As the G7 countries continue to fight for relevance and political power, the shifts in global alliances are unsettling to a historical observer. All but the Italian leader have the world's lowest popularity scores of developed nations. Ukraine money flows, until now handled by US DoD, is now firmly in NATO's hands, and NATO is not well-known for its administrative prowess. Meanwhile, the BRICs organization continues to grow in opposition to US hegonomy. Even to a casual observer, it is obvious that world alliances are changing and economic manuvering is in high gear. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 847,758 DTG/ICOD: 0800EST 13Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: US/Ukraine Sign 10-Year Security Deal / Argentina Protests Begin Against Austerity / Russia Exchange Stops Trading in USD / Houthis Begin Using Boats for Attack / Russian Ships Enter Havana / US House Holds AG Garland in Contempt / Trump Announces Support for Bitcoin Mining / Fed Says Only 1 Cut This Year / CPI Steady / Luma's New Video AI Outshines / Lightning Becoming De Facto Link / De-Dollarization Pieces Moving Into Place Market Data: Price: 1 BTC= $67,773, 29.36 oz Gold, .16 Median US House 24hr Hi: $69,977 / Lo: $67,028 Vol: $35B (Up 31%) Mkt Cap: $1.34T (Even) HashRate: 598 EH/s Avg Fee Rate: 25 sats/vBtye (Up 4%) Nodes: 18,970 ---Reports--- -International Events- 1. Biden, Zelensky to sign 10-year U.S.-Ukraine security deal at G-7 summit: The deal aims to commit future U.S. administrations to support Ukraine, even if former president Donald Trump wins November’s election, officials said. It will be a framework for a long-term effort by the United States to help develop Ukraine’s armed forces, which have innovated on drone warfare and other cutting-edge techniques in the fight against Russia, but are also desperately outgunned and in need of modern weapons. (WaPo) 2. Argentina: violent protests as senators back austerity measures of President Milei: Police in Buenos Aires have used water cannon and teargas to tackle violent protests as Argentina’s Senate narrowly voted to approve the first set of harsh austerity measures proposed by President Javier Miliei. (Guardian) 3. Moscow stock exchange stops trading in dollars and euros: The announcement came on the same day the United States introduced a new package of sanctions against Russia. Wednesday's package targeted Russia's financial infrastructure in an attempt to limit the amount of money flowing in and out of Russia. (EuroNews) 4. Yemen’s Houthi rebels launch boat-borne bomb attack against Greek-owned ship in Red Sea: The British military’s United Kingdom Maritime Trade Operations center described the vessel as being hit in its stern by a small white craft southwest of the Houthi-controlled port city of Hodeida. The use of a boat loaded with explosives raised the specter of 2000’s USS Cole attack, a suicide assault by al-Qaida on the warship when it was at port in Aden, killing 17 on board.(AP) -US Events- 1. Russian warships enter Havana harbor under Washington's watchful eye: A Russian navy frigate and a nuclear-powered submarine churned into Havana harbor on Wednesday, a stopover the U.S. and Cuba said posed no threat but which was widely seen as a Russian show of force as tensions rise over the Ukraine war. The four Russian vessels sailed to Cuba on Wednesday after conducting "high-precision missile weapons" training in the Atlantic Ocean, Russia's defence ministry said Wednesday. The submarine and frigate carry Zircon hypersonic missiles, Kalibr cruise missiles and Onyx anti-ship missiles, the ministry said. (Reuters) 2. House holds Garland in contempt of Congress: The 216-207 vote marked a win for the House GOP, after numerous members privately voiced concern over backing the measure. (TheHill) -Regulatory and Legal- 1. Trump backs Bitcoin as defense against foreign adversaries, centralized digital currency: Trump made the comments on his proprietary social media site Truth Social on Tuesday after Bitcoin Magazine called him "the best choice for Bitcoin." (FoxBusiness) -Institutional Concerns- 1. Glassnode says institutional cash-and-carry trades are influencing US spot bitcoin ETF flows: Since traders are buying bitcoin spot and immediately hedging it by selling bitcoin futures, this could reduce the immediate upward pressure on the spot price that would otherwise be seen if they were only buying the spot asset. ETFs are being used as instruments to obtain long-spot exposure, while simultaneously, a growing net-short position for bitcoin is accumulating in the CME Group futures market. (TheBlock) -Central Bank Digital Currencies (CBDC)- 1. Could China-led wholesale CBDC fuel de-dollarization?: MBridge, China’s cross-border digital currency initiative, has entered the minimum viable product stage. It is the world’s most advanced cross-border CBDC and stands on the cusp of playing a pivotal role in the de-dollarization process. The move coincides with Saudi Arabia, the world's largest oil exporter, joining the project, potentially signaling another move away from the dollar in global oil trading. (EuroMoney) -Economic Indicators- 1. U.S. Treasury yields rise as Fed holds rates steady, signals only one cut this year: The rate on the 10-year Treasury rose more than 2 basis points to 4.316%. The Fed on Wednesday held rates steady at 5.25%-5.50% and suggested it would lower rates just once later this year, down from three rate cuts forecast in March. (CNBC) 2. US CPI Unchanged in May: Consumer prices in the US were unchanged in May 2024, after rising 0.3% in the previous period and below forecasts of a 0.1% increase. (TradingEconomics) -Security Incidents and Concerns- 1. North Korean cyberattacks on Brazilian fintech firms exposed: The June 13 Google threat intelligence report highlighted coordinated attempts to hijack, extort and defraud Brazilian individuals and organizations. While North Korean groups focus primarily on cryptocurrency firms, aerospace and defense and government entities, cyber criminals backed by the Chinese government prefer attacking only the government organizations and the energy sector in Brazil. (CoinTelegraph) -Technology- 1. Luma's AI Video Generator, Dream Machine Flooded With Users, Surpass OpenAI's Sora: OpenAI's Sora could be facing its biggest competitor yet. Luma's artificial intelligence video generator, Dream Machine, has caused multiple-hour wait times after high demand for the software's free public beta version's debut. (TechTImes) -Bitcoin Community- 1. Lightning Is the Common Language of the Bitcoin Economy: Lightning is becoming a translation layer, or a glue, that holds together different systems built on Bitcoin. Each kind of subnetwork can use its own language. How the nodes communicate among themselves in these subnetworks is their business. What's interesting is that these subnetworks communicate with each other over Lightning, even if we’re just talking about, say, two different Cashu mints or when a Fedi interacts with an Ark. (BitcoinMag) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 70/100 (Down 2 pts) Analyst Comments (AC): Although much is happening globally this week, the tectonic shift is the de-dollarization of global trade, mostly in oil. The events may not result in overnight financial chaos, but it nonetheless marks the end of an era started in the early 1970's, borne of oil shocks and global maneuvering for economic power. The 50-year agreement between the US and Saudi Arabia (eventually OPEC) led to a promise to transact only in US dollars in exchange for Saudi defense. Not only has this agreement ended this month, but Saudi Arabia has announced the acceptance of many other currencies for oil as well as participation in China's MBridge wholesale CBDC program. This MBridge CBDC will likely become a new leader in cross-border currency exchange and taken up by BRICS. As the world's current leader in global exchange, we shouldn't expect the US to instantly lose global economic hegemony, but the pieces are coming into place to ensure this does happen. How fast is the question. The consequences are uncertain, but the power yielded by US administrations in the global sphere will certainly lesson to manipulate world affairs so directly. What will arise in its place? Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 847,620 DTG/ICOD: 0800EST 12Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: IDF Kills Senior Hezbollah Commander / French Right Consider Alliance / Russia Hit Kyiv / Hunter Biden Convicted on 3 Felonies / Atlanta Bus Hijacked, Wild Chase / 8 ISIS-Linked Immigrants Arrested in US / Petrodollar Dissolution Gaining Attention / CPI and FOMC Data Due Today / DoD Finally Getting on AI Bandwagon / OG Bitcoin Core Maintainer May Return Market Data: Price: 1 BTC= $67,757, 29.30 oz Gold, .16 Median US House 24hr Hi: $68,015 / Lo: $66,123 Vol: $27B (Down 13%) Mkt Cap: $1.34T (Up 1%) HashRate: 603 EH/s Avg Fee Rate: 24 sats/vBtye (Down 10%) Nodes: 18,838 ---Reports--- -International Events- 1. IDF confirms killing Hezbollah regional division commander Taleb Abdullah, the ‘most senior’ officer targeted amid war: Abdullah commanded Hezbollah’s Nasr unit, one of three regional divisions in south Lebanon. The unit is responsible for the region between Mount Dov and the Bint Jbeil area. The IDF says it was prepared for the terror group’s response of over 170 rockets and several anti-tank guided missiles this morning, and expects additional attacks throughout the day. (TimesOfIsrael) 2. French right uproar over call for far-right alliance: The leader of France's right-wing Republicans party, Eric Ciotti, has sparked an outcry after he backed an alliance with the far-right National Rally in snap elections announced by President Emmanuel Macron. Never before has the traditional right in French politics made any sort of political accord with the far right and Mr Ciotti's remarks set a party that was already struggling to find a voice "on the verge of implosion" (BBC) 3. Russian air attacks cause industrial facility fire in Kyiv region, injure several: Ukrainian military said it shot down five out of six missiles and all 24 drones launched during Russia's overnight attack. The debris damaged an industrial facility in the Kyiv region, causing a fire, Kyiv region governor said. (Reuters) -US Events- 1. President Joe Biden’s son, Hunter Biden, is convicted of all 3 felonies in federal gun trial: Hunter Biden faces up to 25 years in prison when he is sentenced by U.S. District Judge Maryellen Noreika, though as a first-time offender he would not get anywhere near the maximum, and there’s no guarantee the judge would send him to prison. She did not set a sentencing date. (AP) 2. Crowded public bus hijacked, taken on wild high-speed chase down Atlanta freeway; 1 killed: A passenger was killed by a gunshot wound after a suspect hijacked a transit bus in metro Atlanta and led authorities on a high-speed chase into a neighboring county, police said. The chase spanned multiple jurisdictions and involved several agencies, Atlanta police said. Police employed various tactics to stop the bus, which ultimately came to a stop near 5107 Hugh Howell Road in Stone Mountain. (Fox) 3. 8 Tajikistanis with suspected ties to ISIS detained in US, source says: Eight individuals from Tajikistan with suspected ties to ISIS, who crossed into the United States from the southern border last year and this year, have been detained in Los Angeles, Philadelphia and New York City. The suspects were initially allowed to enter the U.S. after being vetted and no national security issues were uncovered, the source said. (ABC) -Regulatory and Legal- 1. Donald Trump Commits to Championing Bitcoin Mining in DC: Donald Trump met with Bitcoin Magazine's CEO David Bailey and several prominent U.S. Bitcoin miners. The meeting saw Trump commit to championing Bitcoin mining both in Washington D.C. and on the global stage. Among the attendees were representatives from leading Bitcoin mining firms, including CleanSpark, Riot Platforms, Marathon Digital, and other notable industry players. Trump posted on his Truth Social saying that he wants all "remaining Bitcoin to be made in the USA" and that "It would help us be energy dominant." (BitcoinMag) -Institutional Concerns- 1. Bitcoin Pullback to $66K Triggers $250M in Crypto Liquidations as Traders Brace for 'Wild Wednesday' of FOMC, CPI Report: One reason behind the pullback is investors “de-risking” from crypto assets ahead of today's May Consumer Price Index (CPI) report and Fed meeting. Bitcoin could see a volatile session Wednesday as it has been "highly responsive" to economic data recently and its 30-day correlation with U.S. equities climbing to highest since 2022, K33 Research noted in a Tuesday market update. (CoinDesk) -Central Bank Digital Currencies (CBDC)- 1. CBDCs' threat to freedom put under the microscope at Oslo conference: Central bank digital currencies (CBDCs) are a source of deep concern among the public. That was made clear at last week’s Oslo Freedom Forum. While the risk of governments abusing their power is something that concerns many people, it is particularly true for those who are fighting for freedom under authoritarian regimes. (CoinTelegraph) -Economic Indicators- 1. Saudi Arabia's petro-dollar exit: A global finance paradigm shift: The financial world is bracing for a significant upheaval following Saudi Arabia's decision not to renew its 50-year petro-dollar deal with the United States, which expired on Sunday, 9 June, 2024. The crucial decision to not renew the contract enables Saudi Arabia to sell oil and other goods in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of exclusively in US dollars. Additionally, the potential use of digital currencies like Bitcoin may also be considered. (BizCOmmunity) 2. US 10-Year Treasury Yield Steady, Fed and CPI Awaited: The yield on the US 10-year Treasury note was little changed around 4.4% on Wednesday, with traders bracing for today's key CPI report and the FOMC monetary policy decision. (TradingEconomics) -Security Incidents and Concerns- 1. Genetic testing firm 23andMe investigated over hack: The data watchdogs of the UK and Canada will investigate genetic testing company 23andMe over a data breach in October 2023. Hackers gained access to personal information of 6.9 million people, which in some cases included family trees, birth years and geographic locations, by using customers' old passwords. (BBC) -Technology- 1. US Air Force, Space Force Launch ChatGPT-Like AI Tool for Modernization: The AI-powered tool is called the non-classified Internet Protocol Generative Pre-Training Transformer (NIPRGPT), which supports service modernization, according to Interesting Engineering. The software will help personnel communicate, study, and code securely online. (AirForceTimes) -Bitcoin Community- 1. Bitcoin Core Prepares for Housecleaning: Wladimir van der Laan is the most experienced of the Bitcoin Core maintainers. He stepped back in 2022 due to legal actions by Craig Wright. Only a handful of developers known as “maintainers” have the power to authorize changes to the code. They are Michael Ford, Andrew Chow, Russ Yanofsky, Gloria Zhao, and Hennadii Stepanov. The possible return of a seasoned developer might be an opportunity to restore order. Indeed, a rebellion is growing against ordinals and other Ponzi-like inscriptions that are clogging the blockchain. (CoinTribune) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 72/100 (Down 2 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 847,484 DTG/ICOD: 0800EST 11Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Russian Flotilla with Sub Transits off Florida / Malawi VP Dead in Plane Crash / Jurors Deliberate in Hunter Trial / Baltimore Channel Re-Opens / Pelosi Under Fire for J6 Role / Intel Bill Has Surprise Crypto Restriction / Nigeria-Binance Battle Continues / EU's Lurch Right May Slow CBDC / Privacy Worries EU / Apple Integrates ChatGPT, Musk Doesn't Trust Market Data: Price: 1 BTC= $66,837, 28.95 oz Gold, .16 Median US House 24hr Hi: $70,146 / Lo: $66,741 Vol: $32B (Up 91%) Mkt Cap: $1.32T (Down 4%) HashRate: 586 EH/s Avg Fee Rate: 28 sats/vBtye (Down 48%) Nodes: 18,409 ---Reports--- -International Events- 1. Russian Naval Ships And Nuclear Powered Sub To Visit Cuba This Week: According to the Cuban Revolutionary Armed Forces, in a statement released by the Foreign Ministry, the Russian “frigate Gorshkov, the nuclear-powered submarine Kazan, the fleet oil tanker Pashin, and the rescue tug Nikolai Chiker” will visit the port of Havana between June 12th and June 17th. (OANN) (AC-Current flight radar shows a US P-8 Poseidon sub hunter aircraft maintaining patrol east of Miami, FL as of this morning. The bigger picture is that this is a message to the US administration for its role in the Ukraine war and allowing weapons to be used inside of Russia.) 2. South Korean troops fired warning shots after North Korean soldiers briefly crossed land border: At 12:30 p.m. on Sunday, some North Korean soldiers who were engaged in unspecified work on the northern side of the border crossed the military demarcation line that bisects the two countries, South Korea’s Joint Chiefs of Staff said. Those North Korean soldiers carrying construction tools — some of them armed — immediately returned to their territory after South Korea’s military fired warning shots and issued warning broadcasts. (AP) 3. Malawi’s vice president dies in plane crash with nine others: Malawian Vice President Saulos Chilima and nine others were declared dead on Tuesday after their plane went missing during tumultuous weather a day earlier. The flight departed at 9:17 a.m. from Kamuzu International Airport and was headed for Mzuzu when aviation authorities told the aircraft to turn around because of poor visibility. The authorities soon lost contact with the plane, which “was unable to land due to poor visibility occasioned by bad weather. (WaPo) -US Events- 1. Jurors will resume deliberations in the federal gun case against President Joe Biden’s son Hunter: Jurors deliberated for less than an hour before leaving the federal courthouse in Delaware Monday afternoon. They are weighing whether Hunter Biden is guilty of three felonies in the case pitting him against his father’s Justice Department in the middle of the Democratic president’s reelection campaign. (AP) 2. Baltimore shipping channel reopens after bridge collapse: The Port of Baltimore shipping channel has fully reopened, 11 weeks after the Francis Scott Key Bridge collapsed when it was struck by a cargo ship. The US Army Corps of Engineers said the passageway where the Key Bridge buckled was now "safe for transit". The 700ft (213m) wide and 50ft (15m) deep channel has been restored to its original operational dimensions. (BBC) 3. GOP releases Jan. 6 clip of Pelosi saying 'I take responsibility' as she discussed National Guard absence: A previously unreleased video taken on Jan. 6, 2021 shows then-Speaker Nancy Pelosi, D-Calif., saying she takes "responsibility" for law enforcement's lack of preparedness when a mob stormed the U.S. Capitol that day. Pelosi quickly took to MSNBC to counter the video. (FOX) -Regulatory and Legal- 1. Senate Bill Could Open Crypto to U.S. Sanctions, but Industry Trying to Head It Off: A Senate bill meant to fund U.S. intelligence operations included a section borrowed from an earlier bill aimed at preventing the use of cryptocurrency to support terrorism. That provision, as written, could require a massive shift in the crypto industry toward identifying users' identities to prevent sanctions that could strangle digital assets businesses. Were it to become law, it would mark the most important U.S. crypto policy yet adopted – and all without significant debate about its merits. (CoinDesk) 2. Nigerian Minister: Binance Fails to Pay Taxes on Over $20 Billion Turnover (Revenue): In 2023, Binance generated revenues exceeding $20 billion in Nigeria; however, the company has not paid taxes, a government minister disclosed. The Nigerian official also seemed to refute U.S. lawmakers’ claims that Tigran Gambaryan, an imprisoned Binance executive, is being held hostage by his government. (BitcoinCom) -Institutional Concerns- 1. Bitcoin dips as ETFs break 19-day green streak, rumble over US inflation: Traders are seemingly going risk-off ahead of a U.S. CPI print and a Fed monetary policy meeting, with Bitcoin falling to a weekly low. (CoinTelegraph) -Central Bank Digital Currencies (CBDC)- 1. How will Europe’s elections impact the vote on digital euro legislation?: Introducing a central bank digital currency (CBDC) in the Eurozone within a few years is widely considered a foregone conclusion. That’s partly due to the European Central Bank’s (ECB) enthusiasm. A CBDC has the potential to be a useful tool in the hands of a benevolent government. However, those who favor free markets tend to disagree. The recent lurch to the far right should give some pause for thought. (LedgerInsights) -Economic Indicators- 1. Dollar Firms Up Ahead of Fed, CPI: The dollar index held above 105 on Tuesday after hitting a four-week high in the previous session, as investors braced for the Federal Reserve’s interest rate decision and the consumer price index report this week. (TradingEconomics) -Security Incidents and Concerns- 1. EU Innovation Hub criticizes privacy coins and crypto mixers in new report: The EU Innovation Hub, a collaborative initiative involving members from European Union agencies and member states, has published its first report on encryption. The report supported cryptocurrency and nonfungible tokens (NFT) inherent reliance on public-private cryptography for storage, mining and transfers. However, some bad actors use the system to evade law enforcement, specifically protocols and privacy coins that can “obscure” visibility on the blockchain. (CoinTelegraph) (AC-Individual privacy continues to be conflated with illegal activities.) -Technology- 1. Elon Musk: iOS 18 a ‘Security Violation’ for ChatGPT AI Integration; New Apple Ban for Tesla: It is now confirmed that Apple Intelligence is here and will soon come to iOS 18, but Elon Musk is not buying it. However, that is not yet all, as the tech billionaire is threatening to ban Apple devices in his companies, including Tesla, SpaceX, X, and more. (TechTimes) -Bitcoin Community- 1. Study: 14% of 'Early Adopter' Kiwis Own Cryptocurrency; Majority Favor It Over Real Estate: At least 14% of New Zealanders surveyed said they have owned cryptocurrency or held digital assets in the past. The findings categorize New Zealanders as early adopters, indicating they were quick to recognize the potential of cryptocurrency. Survey data reveal that only 16% of respondents would invest in real estate, compared to 60% who plan to invest in cryptocurrency. (BitcoinCom) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 74/100 (Down 3 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 847,347 DTG/ICOD: 0800EST 10Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Macron Calls Snap Election in France / EU Has Major Electoral Shift to the Right / Israel Rescues 4 Hostages in Gaza / Teton Pass Road Collapses / US Offering Defense Pact to Saudi Arabia / Ripple Meeting With Georgia Gov. Officials / Paraguay Making Moves into Bitcoin Mining Market Data: Price: 1 BTC= $69,369, 30.15 oz Gold, .16 Median US House 24hr Hi: $69,817 / Lo: $68,190 Vol: $16B (Up 40%) Mkt Cap: $1.36T (Flat) HashRate: 652 EH/s Avg Fee Rate: 55 sats/vBtye (Down 31%) Nodes: 18,803 ---Reports--- -International Events- 1. Macron takes huge risk with surprise election: President Emmanuel Macron has called snap parliamentary elections later this month in the wake of a big victory for his rival Marine Le Pen's National Rally in the European Parliament vote. The far-right party is on course to win 32% of the vote, exit polls say, more than twice that of the president's Renaissance party. Announcing the dissolution of parliament, he said the two rounds of voting would take place on 30 June and 7 July, a few weeks before the Paris Olympics. (BBC) 2. Far right surges in European Parliament elections but center still holds: After three days of voting across the European Union’s 27 member states, an exit poll showed that far-right parties were set to win around 150 of the parliament’s 720 seats, which will likely make it harder for mainstream parties to form majorities needed to pass laws. Most of the far-right gains were concentrated in countries that elect large numbers of seats: France, Italy and Germany. (CNN) 3. Israel Rescues 4 Hostages Kidnapped in Hamas Attack on Oct. 7: Heavy fighting raged in central Gaza, where the hostages were rescued, and at least 55 people, including children, were killed in multiple attacks Saturday as people fled for safety, according to Gaza’s Health Ministry. The army said it rescued Noa Argamani, 25; Almog Meir Jan, 21; Andrey Kozlov, 27; and Shlomi Ziv, 40, in two separate locations in a complex special daytime operation in the heart of Nuseirat in central Gaza. (Breitbart) (AC- The 4 hostages were held in central Gaza at a refugee camp and heavily defended by Hamas soldiers.) -US Events- 1. Wyoming's Teton Pass road collapses in landslide: ‘Catastrophic failure’: A mountain pass road near the popular tourist destination of Jackson, Wyoming, collapsed Saturday after a landslide, adding at least an hour of travel time for those who drive on the roadway. An alternate route between Jackson and the area of Victor, Idaho, goes more than 60 miles out of the way and adds "quite a bit to any commute." (Fox) 2. U.S. to Offer Landmark Defense Treaty to Saudi Arabia in Effort to Spur Israel Normalization Deal: The Biden administration is close to finalizing a treaty with Saudi Arabia that would commit the U.S. to help defend the Gulf nation as part of a long-shot deal to encourage diplomatic ties between Riyadh and Israel, U.S. and Saudi officials said. “It would be the first time the U.S. concluded a mutual defense pact that would carry the force of law since the 1960 revision of the U.S.-Japan treaty, and the first time it concluded such an agreement with an authoritarian country,” The diplomatic push for a defense pact with Riyadh marks a remarkable turnaround for President Biden, who as a candidate vowed to treat Saudi Arabia as a pariah and make it pay a price for the assassination of journalist Jamal Khashoggi, a U.S. resident. (WSJ) (AC- Interesting timing as the 50 year agreement with Saudi Arabia comes to a close this month that ensures Saudi use of the US dollar in global oil transactions (AKA Petrodollar) and the US defense of Saudi lands via the US military.) -Regulatory and Legal- NSTR -Institutional Concerns- 1. Bitcoin ETFs sucked up 2 months of BTC mining supply in first week of June: With inflows of approximately $1.83 billion, the 11 ETFs bought 25,729 Bitcoin in the trading week between June 3 and 7 — around eight times more than the 3,150 new BTC mined over the same time, according to data from HODL15Capital. (CoinTelegraph) -Central Bank Digital Currencies (CBDC)- 1. Ripple partners with National Bank of Georgia to digitize economy: The new collaboration builds on the previous partnership between the NBG and Ripple, where the latter serves as the technological partner for the NBG’s pilot CBDC project called the digital lari. (CoinTelegraph) (AC-Ripple is the leading 'crypto' company dedicated to promoting and building a slew of nation-state and global CBDCs) 2. BRICS Considers XRP: A Potential Leap for Cross-Border Payments: The Bank of Russia previously proposed a project on cross-border transfer execution. There was a rumor that this project took the Ripple payment system into account. Given its reputation for speed and economy of transactions, XRP was seen as a great starting point for creating a group cross-border settlements system. (CryptoNews) (AC-A possible 'hope' article, not confirmed through other sources) -Economic Indicators- 1. 10-Year Treasury Yield Edges Up, FOMC and CPI Awaited: The yield on the US 10-year Treasury note was around one-week highs of 4.45% as traders gear up for a significant week ahead. (TradingEconomics) -Security Incidents and Concerns- 1. Singapore alerts businesses to Bitcoin ransomware risk: Akira, the ransomware that stole $42 million from over 250 organizations across North America, Europe and Australia within a year, is now actively targeting businesses in Singapore. The alert comes after agencies, including the Cyber Security Agency of Singapore, the Singapore Police Force and the Personal Data Protection Commission, recently received several complaints from victims of the cyberattack. (CoinTelegraph) 2. Fake X Accounts Used by Scammers to Impersonate Airlines: According to consumer advocate "Which?", every major airline in the UK has fake profiles on X, formerly known as Twitter, which are regularly used to trick consumers into providing personal information. It was also mentioned that X takes too long to remove problematic accounts. (TechTimes) -Technology- 1. NASA Says Extremely Rare Nova Explosion Will Be Visible on Earth, Can Be Seen With Naked Eyes: NASA and astronomers worldwide are eagerly awaiting a rare celestial event this summer as a nova explosion in the constellation Corona Borealis is expected to be visible from Earth. (TechTimes) -Bitcoin Community- 1. Paraguayan Minister Unveils Future Economic Strategy Centered on Bitcoin Mining for Industrial Transition: Javier Gimenez, from the Paraguayan Ministry of Industry and Commerce, revealed that the government plans to take advantage of the energy sold to legal bitcoin mining operations. Gimenez stated that selling Paraguay’s energy to bitcoin mining companies is part of the government’s strategy, which seeks to rebuild its industry in three years as part of a transitional phase. (BitcoinCom) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 77/100 (Down 1 pts) Analyst Comments (AC): It seems the CBDC race is beginning to heat up. With the BRICS coalition and efforts by the BIS, combined with aggressive marketing by Ripple (XRP), CBDCs are taking a turn toward international or at least cross-border trade focuses rather than nation-state efforts that could conceivably compete with national currencies. This is significant in that it is global efforts like this that would capture economic power at a higher level than nation-states. Instead of a truly decentralized, individual P2P system like Bitcoin, a global CBDC system would put economic powers of inflation and digital permissions inherent in CBDCs into the hands of unelected bureaucrats at a global level. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 846,882 DTG/ICOD: 0800EST 7Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Is Hezbollah Next? / D-Day Services Draw World Leaders / Russian Ships Visit Cuba / Steve Bannon To Report to Prison / Man Fires Indiscriminately into SoCal Traffic, Killing 1 / China Never Banned Bitcoin Mining? / BIS MBridge CBDC Starts Up / US Banks Are Weakening / US Trade Gap Widens / Bitcoin Mining Entering Consolidation Market Data: Price: 1 BTC= $71,547, 30.17 oz Gold, .17 Median US House 24hr Hi: $71,625 / Lo: $70,119 Vol: $27B (Up 2%) Mkt Cap: $1.41T (Up 1%) HashRate: 578 EH/s Avg Fee Rate: 153 sats/vBtye (Up 202%) Nodes: 17,799 ---Reports--- -International Events- 1. Top commander in north says IDF ready for war against Hezbollah: The military’s top general in northern Israel said Thursday the army was ready to expand its conflict with the Hezbollah terror group if need be in order to bring months of deadly cross-border hostilities to a close, a day after a reservist was killed and 10 others injured in an explosive drone attack on a northern town. (TimesOfIsrael) (AC-IDF's war with Hamas is not quite finished, but Hezollah continues intermittent strikes against northern Israel. Expanding the war to include Hezbollah objectives could be a natural progression for the IDF.) 2. The last heroes of Normandy return to France 80 years after D-Day invasion: The sun was yet to rise over the beaches of Normandy when, on June 6, 1944 -- 80 years ago this week -- thousands of American sons and Allied troops began what would become the largest amphibious assault in history. Their bravery and their sacrifice would turn the tide of World War II and push Nazi Germany to defeat. (ABC) (AC-There are only a few of these heroes still alive. Listen and learn their stories while you can.) 3. 4 Russian ships to dock in Cuba next week: Four Russian ships, including a nuclear-powered submarine, will arrive in Havana next week, Cuban officials said Thursday, citing "historically friendly relations" between both nations and as tensions escalate over Western military support for Ukraine in its war with Russia. (Fox) (AC-A rather obvious signal to DC about letting Ukraine use weapons to strike deep into Russia.) -US Events- 1. Steve Bannon ordered to report to prison by July 1 to serve contempt of Congress sentence: Bannon was convicted of contempt of Congress in 2022 after failing to provide documents and testimony to the House Select committee that investigated the January 6, 2021, US Capitol attack. He was sentenced to four months in prison. (CNN) 2. Man firing at Southern California motorists, killing 1, charged with murder: The 39-year-old man arrested for reportedly firing at passing commuters in Riverside County earlier this week, killing a husband and father of four children and injuring another person, has been charged with one count of murder and six counts of attempted murder. Victor Leon was fatally shot during the incident as he returned home from his overnight warehouse shift in Moreno Valley. He is survived by his wife of 13 years and their four children. (KTLA) -Regulatory and Legal- 1. China Never Banned Bitcoin Mining, Researcher Reveals: In a striking revelation that challenges widely-held perceptions, Daniel Batten, a Bitcoin environmental impact analyst, disclosed that BTC mining was never officially banned in China. According to Batten’s research, despite widespread reports to the contrary, the so-called “ban” was actually a temporary suspension, and mining activities have largely resumed across the country. Batten’s report highlights that the hashrate within China, which is a measure of the computational power used in mining and processing Bitcoin, currently accounts for approximately 15% of the global total. (Bitcoinist) -Institutional Concerns- NSTR -Central Bank Digital Currencies (CBDC)- 1. Cross Border CBDC Project Mbridge Enters MVP Stage: Project Mbridge, the cross-border central bank digital currency (CBDC) project that seeks to integrate several currencies into a global network, has reached its minimum viable product stage. This means that each one of the participant central banks has deployed a validating node in the network, that is ready to perform real-value transactions. The project, which started as a pilot in 2021 with the collaboration of the Bank of Thailand, the Central Bank of the United Arab Emirates, the People’s Bank of China (PBOC), and the Hong Kong Monetary Authority (HKMA), is now ready to intermediate real-value transactions, according to a press release issued by the Bank for International Settlements (BIS). (BitcoinNews) (AC-This the project reported yesterday that Saudi Arabia has also joined.) -Economic Indicators- 1. US Banking Sector Teeters: $517B Unrealized Losses, 63 Troubled Institutions Flagged: U.S. banks reported an alarming increase in unrealized losses and a growing list of institutions at risk of failure in the first quarter of 2024, according to the latest U.S. Federal Deposit Insurance Corporation (FDIC) data. The FDIC report highlights $517 billion in unrealized losses and identifies 63 banks as vulnerable, marking a concerning uptick in the financial sector’s instability. (BitcoinCom) 2. US Trade Gap Largest Since October 2022 on Imports Surge: The trade deficit in the US widened to $74.6 billion in April 2024, the largest since October 2022 from a downwardly revised $68.6 billion in March and below forecasts of a $76.1 billion gap. Imports increased 8.7% to $338.2 billion, mostly due to passenger cars, computer accessories, telecommunications equipment and crude oil, while falling for transport. Exports edged up a meager 0.8% to $263.7 billion, mainly pharmaceutical preparations, electric apparatus and semiconductors. (TradingEconomics) -Security Incidents and Concerns- 1. Apple to Launch Passwords App for iPhone and Mac, Competing With 1Password and LastPass: Apple is reportedly developing this specialized password app for iPhone and Mac that could be introduced as early as next week. This move could challenge existing services. Apple's Passwords app aims to provide similar functionalities for free. (TechTimes) (AC-"If you aren't paying for the product, you are the product.") -Technology- 1. Bitdeer introduces energy-efficient Bitcoin mining chip: Bitcoin mining company Bitdeer has showcased the “SEAL04” chip in its technology roadmap for the newly launched Sealminer rig. Set for release in the second quarter of 2025, the SEAL04 chip is projected to achieve energy efficiency as low as 5 joules per terahash (J/TH). (CoinTelegraph) -Bitcoin Community- 1. Bitcoin Mining Stocks Soar Amid Takeover Frenzy: The stocks are undervalued, so miners with attractive power contracts could become M&A targets, according to Wall Street analysts. Shares of miners such as Stronghold (SDIG), Core Scientific and TeraWulf (WULF) surged more than 15%. Gains in Iris Energy (IREN), Mawson (MIGI), Cathedra (CBIT) and Argo Blockchain exceeded 10%. Larger miners such as Riot and Marathon Digital (MARA) are likely in the best position to lead this consolidation wave. (CoinDesk) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 77/100 (Down 1 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 846,735 DTG/ICOD: 0800EST 6Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Putin Says Ukraine-Supporting States in Play Now / D-Day Vets Dwindle / 1st New Bird Flu Death / Warden Arrested in Wisconsin / Georgia Pauses Trump Case / Biden Admin Politicizing Vets Administration / Intel Authorization Bill To Be Used Against Digital Assets / Institutions Play With Meme Coins / Saudi Arabia Joins BIS CBDC Effort / Stocks Hit Record High / Kerrisdale Capital Declares War on Bitcoin Miners Market Data: Price: 1 BTC= $71,167, 30.17 oz Gold, .17 Median US House 24hr Hi: $71,735 / Lo: $70,390 Vol: $26B (Down 30%) Mkt Cap: $1.40T (Even) HashRate: 510 EH/s Avg Fee Rate: 52 sats/vBtye (Up 23%) Nodes: 17,799 ---Reports--- -International Events- 1. Putin says Russia could deploy missiles in striking distance of the West: Putin, in his first face-to-face meeting with senior editors of international news agencies since the war in Ukraine began, said the West was wrong to assume Russia would never use nuclear weapons, and said the Kremlin's nuclear doctrine should not be taken lightly. Putin also said Moscow was considering deploying similar high-technology, long-range missiles close enough to strike the states that allowed Ukraine to strike Russian territory with such missiles. (Reuters) 2. D-Day anniversary 2024: World leaders, veterans, commemorate Normandy landings: At the British ceremony in Ver-sur-Mer, veterans were applauded as they filed into the event to take their seats, which were decorated with bright red poppies. (Reuters) 3. WHO confirms first death from bird flu strain not seen before in humans: The World Health Organization (WHO) said on Wednesday a man in Mexico died from a strain of bird flu, H5N2, that had not previously been reported in humans. The strain is different from the H5N1 strain of the bird flu virus, which has caused an outbreak among livestock in the U.S. and has infected three dairy farm workers. (TheHill) -US Events- 1. Former Wisconsin Prison Warden and Employees Charged in Inmate Deaths: The former warden of a Wisconsin prison and eight other prison employees were charged on Wednesday in connection with multiple inmate deaths over the last year, the local sheriff said. The prison’s former warden, Randall Hepp, had left his job earlier this week. He was charged with misconduct in public office, a felony. Mr. Hepp’s arrest was first reported by The Associated Press. inmates had been confined to their cells for months and denied access to medical care. (NYT) 2. Georgia court puts pause on Fani Willis' sweeping election case against Trump: In a major setback to the Fulton County District Attorney, the Georgia Court of Appeals on Wednesday put a pause on any proceedings related to the 2020 election interference case against former President Trump and co-defendants until it hears the case to disqualify Fani Willis in October. (Fox) 3. Biden threatens VA budget veto over abortion, gender-affirming care: President Joe Biden on Monday threatened to veto the House’s $360 billion appropriations plan for the Department of Veterans Affairs next year over restrictions on abortion and gender-affirming care services included in the measure, accusing lawmakers of “wasting time with partisan bills.” (MilitaryTimes) -Regulatory and Legal- 1. New law grants US president power to block digital asset access: An X user posted Senator Mark Warner’s apparent strategic insertion of legislative elements on June 5, enabling the scrutinized new sweeping powers granted to the U.S. president over digital assets. Under the new law, the president can block transactions between U.S. persons and foreign entities identified as supporting terrorist organizations. This includes imposing strict conditions on foreign financial institutions maintaining accounts in the U.S. if they are found facilitating such transactions. Scott Johnsson, a prominent voice in the digital assets field, warns that the move could be seen as an effort to exert control over digital assets under the guise of combating terrorism. (CoinTelegraph) (AC-The language was inserted in the Intel Authorization Act of 2024, which is a 'must-pass' funding bill'.) -Institutional Concerns- 1. Crypto: Memecoins are exploding in institutional investors' portfolios: Between February and March, institutional holdings in memecoins surged by 226%, reaching $204 million. In April, this figure climbed to $293.7 million, before dropping to $139 million at the end of the studied period, indicating an aggressive selling strategy in response to market volatility. (CoinTribune) (AC-New investors in cryptocurrencies often explore the shitcoin world, even institutional investors. All eventually learn.) 2. Robinhood to Buy Crypto Exchange Bitstamp in Effort to Expand Outside the U.S.: Trading platform Robinhood has agreed to buy U.K.-based crypto exchange Bitstamp for $200 million in cash. The acquisition is hoped to allow Robinhood to expand its crypto presence globally and attract institutional clientele. (CoinDesk) -Central Bank Digital Currencies (CBDC)- 1. Saudi Arabia joins BIS- and China-led central bank digital currency project: The move, announced by the Bank for International Settlements on Wednesday, will see Saudi's central bank become a "full participant" of Project mBridge, a collaboration launched in 2021 between the central banks of China, Hong Kong, Thailand and the United Arab Emirates. Roughly 135 countries and currency unions, representing 98% of global GDP, are exploring central bank digital currencies, or CBDCs. (Reuters) -Economic Indicators- 1. S&P 500 and Nasdaq Close at Record Highs: Wall Street major indices closed firmly higher on Wednesday, driven by a tech rally led by AI-darling Nvidia, amid optimism that the Federal Reserve might lower interest rates later this year after slightly weak labor market data. (TradingEconomics) -Security Incidents and Concerns- 1. Microsoft Windows Recall: Security Experts Worried of Privacy Risks, Demos How Easily Data Can Be Accessed: Two weeks after Microsoft introduced 'Recall' as part of the Copilot+ PC experience on Windows, the service faces massive backlash and criticism about its privacy and security risks. In several cases, it was proven that user data is not safe on Copilot's Recall, with many showing how easily they could obtain data from the service and pose dangers to a user. (TechTimes) -Technology- NSTR -Bitcoin Community- 1. The Bitcoin Hotels, A World’s First with Japanese and British Partnership: IKAR Holdings and Unify Platform will establish the World’s first Bitcoin Hotel. The partners aim to revolutionize the global hospitality industry by introducing the first hotel chain where guests can seamlessly pay for accommodations using cryptocurrency alongside ordinary currencies. With an initial hotel in Istanbul, followed by expansions into iconic cities like London and Tokyo, their vision is to create a distinctive luxury experience at the intersection of technology and hospitality. (Chainwire) 2. ‘War Against Bitcoin Miners’: US Investment Firm Sparks Industry Backlash: Kerrisdale Capital, a US investment firm, set off a storm of reactions on Wednesday with a series of public communications aggressively targeting Bitcoin mining companies. In a multi-part thread on X, Kerrisdale announced its campaign against what it describes as “snake oil salesmen” in the BTC mining industry, accusing them of being both a financial sinkhole and an environmental hazard. Adam O of Upstream Data defended Bitcoin mining’s environmental impact, stating, “Good luck vilifying that which improves all stakeholders, reduces waste, and reduces methane emissions. Dumbest mission of the decade.” (Bitcoinist) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 78/100 (Up 3 pts) Analyst Comments (AC): Saudi Arabia joining the BIS-led effort for an international CBDC is significant as the 50-year petrodollar agreement with the USA comes to a close on June 9th. Saudi Arabia is not expected to renew the agreement which opens up the door for multiple global trade options such as this BIS-led effort or joining the BRICS CBDC effort. The impact of the USD losing petrodollar status cannot be overstated. Demand for USD and therefore Treasuries will eventually drop significantly, leading to a shifting paradigm in world finance. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 846,613 DTG/ICOD: 0800EST 5Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: US Embassy Attacked in Lebanon / Silence in China, HK On Tiananmen Anniversary / Modi Wins PM Again in India / Biden Signs EO on Border / Largest COVID Fraud Trial In US Has Attempted Bribe / SEALs Take Heat For Pride / US Tries to Get Back Binance Exec From Nigeria / Texas Wants New Stock Exchange / Best Day in BTC ETFs Since Launch / US Job Openings Decline / AT&T Has Another Bad Day Market Data: Price: 1 BTC= $70,944, 30.44 oz Gold, .16 Median US House 24hr Hi: $68,564 / Lo: $70,230 Vol: $38B (Up 31%) Mkt Cap: $1.40T (Up 3%) HashRate: 541 EH/s Avg Fee Rate: 46 sats/vBtye (Up 94%) Nodes: 17,808 ---Reports--- -International Events- 1. Attack on US Embassy in Lebanon foiled, army fights back to kill one assailant: A Lebanese security official told The Associated Press that there were four assailants, including one who drove them to the site and three who opened fire. One shooter was killed, one escaped and the third was wounded and detained by the Lebanese military. A member of the embassy's security team was wounded in the attack and the Lebanese army shot an attacker in the stomach, a security source told Reuters. (Fox) 2. Silence and heavy security in China and Hong Kong mark 35th anniversary of the Tiananmen crackdown: Hong Kong police arrested four people and swarmed a handful of others who tried to protest or commemorate as the effort extended beyond the mainland. Hundreds, if not thousands, are believed to have been killed in an overnight operation that ended on the morning of June 4, 1989. It was a turning point in modern Chinese history as Communist Party hard-liners embraced control instead of political reforms. (AP) 3. India: Modi set for third term but opposition still to concede: PM Narendra Modi is set to retain power, but his BJP party lost its outright parliamentary majority for the first time in 10 years. (BBC) -US Events- 1. Biden rolls out asylum restrictions, months in the making, to help ‘gain control’ of the border: The long-anticipated presidential proclamation would bar migrants from being granted asylum when U.S. officials deem that the southern border is overwhelmed. The order will go into effect when the number of border encounters between ports of entry hits 2,500 per day, according to senior administration officials. (AP) 2. Juror reports receiving $120K bribe attempt in pandemic relief fraud trial: Seven people are on trial in connection with what federal prosecutors called the largest pandemic relief fraud scheme to date. They are accused of taking part in a $250 million fraud scheme through the Minnesota nonprofit Feeding Our Future that allegedly exploited funds from a federal child nutrition program during the COVID-19 pandemic to purchase big-ticket items like luxury cars and houses. (ABC) (AC-Other outlets are reporting the defendants are all Somali nationals or immigrants) 3. U.S. Navy Special Warfare Command Posts Pride Month Graphic, Limits Replies: The United States Navy Special Warfare Command — the command overseeing U.S. Navy SEALs and other Navy special operations forces — celebrated Pride Month with a special graphic posted on its Facebook page on June 1. The most-liked comment on the post was, “This is a slap in the face of every special warfare operator that has put their lives on the line for our nation.” (Breitbart) -Regulatory and Legal- 1. U.S. Lawmakers Push Biden to Bring Back Detained Binance Exec Tigran Gambaryan From Nigeria: Michael McCaul (R-Texas), the House Foreign Affairs Committee chair, along with 11 other leaders, sent a letter to Joe Biden and others. In the letter, they urged the president to treat Gambaryan's case as a hostage situation and bring him back to the U.S. Gambaryan is a U.S. citizen and Binance’s head of compliance. (CoinDesk) -Institutional Concerns- 1. New Texas Stock Exchange Takes Aim at New York’s Dominance: A group backed by Wall Street heavyweights BlackRock and Citadel Securities is planning to start a new national stock exchange in Texas, aiming to take on what they see as onerous regulation at the New York Stock Exchange and Nasdaq. The Texas Stock Exchange, which has raised approximately $120 million from individuals and large investment firms, plans to file registration documents with the Securities and Exchange Commission later this year. (WSJ) 2. BTC ETFs See $880M Inflows in Best Day Since March: U.S.-listed spot bitcoin ETFs saw over $880 million in inflows on Tuesday, led by Fidelity's FBTC. Fidelity’s FBTC took on $378 million in inflows, the highest among counterparts. BlackRock’s IBIT followed with $270 million, while Grayscale’s GBTC – infamous for its outflows – took on $28 million. (CoinDesk) -Central Bank Digital Currencies (CBDC)- 1. Digital Yuan App Drops 'Pilot' Description, Hints at Change to Production Ready Status: While local Chinese news outlets explained that this change had to do with app requirements, some expect this might be a step before its generalized implementation. (BitcoinCom) -Economic Indicators- 1. US Job Openings Fall More Than Expected: The number of job openings declined by 296,000 from the previous month to 8.059 million in April 2024, the lowest level since February 2021 and missing the market consensus of 8.34 million. (TradingEconomics) 2. Treasury Yields Fall for 5th Session: The yield on the US 10-year Treasury note was around 4.35%, the lowest in about three weeks, as recent data out of the US continues to reinforce the view that the Fed is ready to start the easing cycle in September. (TradingEconomics) -Security Incidents and Concerns- NSTR -Technology- 1. 'Nationwide issue' affecting cell service between carriers resolved, AT&T says: The problem was not a nationwide outage, it said, but rather "a nationwide issue that is affecting the ability of some customers to complete calls between carriers," AT&T said at the time. The disruption occurred a little more than three months after a widespread outage affected AT&T customers, leaving people without service. During that incident, around 50,000 outrages were reported at one point. (NBC) -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 75/100 (Up 2 pts) Analyst Comments (AC): The Texas Stock Exchange initiative is another sign of the polarization of business in the US. Supporters cite onerous rules and DEI efforts at the NYSE and Nasdaq as some of the reasons for the investments and effort. Citizens continue to find ways to exit systems that the politically or culturally do not agree with. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 846,486 DTG/ICOD: 0800EST 4Jun24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: IDF Say 4 Hostages Killed / EU Swings Right / South African ANC Lost Majority Held Since 1990s / Hunter Trial Begins / New EO on Limiting Asylum on Border / Fauci in Congressional Hot Seat / Binance's CZ Enters Prison for 4 Months / Saylor Settles With Tax Officials / Epoch Time CFO Arrested for Laundering / ISM Data Drops Unexpectedly / Market Data: Price: 1 BTC= $69,134, 29.62 oz Gold, .16 Median US House 24hr Hi: $68,564 / Lo: $70,230 Vol: $29B (Up 17%) Mkt Cap: $1.36T (Even) HashRate: 620 EH/s Avg Fee Rate: 26 sats/vBtye (Down Up 18%) Nodes: 18,937 ---Reports--- -International Events- 1. Israel announces the deaths of four hostages in Hamas captivity: IDF promises to fully investigate the circumstances surrounding the deaths of Chaim Peri, 79, Amiram Cooper, 84, Yoram Metzger, 80, and Nadav Popplewell, 51. “We estimate that the four were killed together, in the Khan Younis area, several months ago, while being held by Hamas terrorists and while IDF forces were operating in Khan Younis,” the IDF said. (TimesofIsrael) 2. Europeans may be about to elect their most right-wing parliament in history: Europeans head to the polls this week in closely watched elections that threaten to shake the bloc’s traditionally mainstream political landscape. “We are seeing a rise in populist sentiment both in Europe and globally, which might result in the most right-wing European Parliament in history,” Tim Adams, president and CEO of the Institute of International Finance. (CNBC) 3. South Africa’s president won’t resign despite ANC losing majority for first time: South African President Cyril Ramaphosa called for unity after his African National Congress party failed to win a majority, marking a new era for Africa’s most advanced economy. The ANC is still the largest party, having won 40.2 percent of votes, but the 159 seats it secured are well short of the 200 required for a majority in the 400-seat National Assembly. In the previous parliament it had 230 seats. (Politico) -US Events- 1. Joe Biden’s worries grow as Hunter Biden’s trial begins: Hunter Biden faces three criminal counts for allegedly buying a gun while in the throes of addiction to crack cocaine and lying on an official form about it. The charges were brought by the president’s own Justice Department, and the trial is taking place in his family’s hometown of Wilmington, Delaware. (Politico) 2. Biden prepares an order that would shut down asylum if a daily average of 2,500 migrants arrive: The White House is telling lawmakers that President Joe Biden is preparing to sign off on an executive order that would shut down asylum requests at the U.S.-Mexico border once the average number of daily encounters hits 2,500 between ports of entry, with the border reopening only once that number declines to 1,500, according to several people familiar with the discussions. The impact of the 2,500 figure means that the executive order could go into immediate effect, because daily figures are higher than that now. (AP) 3. Anthony Fauci defends his Covid response, distances himself from adviser accused of misconduct: Fauci sought to refute allegations from Republicans on the House Select Subcommittee on the Coronavirus Pandemic that he tried to suppress the theory that a lab accident in Wuhan, China, caused the pandemic. (Politico) -Regulatory and Legal- 1. Former Binance CEO CZ Begins 4-Month Prison Sentence in California: Lompoc II, the California prison where CZ will serve his sentence, is a low-security facility. At a net worth of $36.5 billion, according to the Bloomberg Billionaires Index, Zhao is believed to be the richest person to ever go to prison in the U.S. (CoinDesk) 2. Billionaire Bitcoin Advocate Michael Saylor Agrees to $40 Million Settlement in Tax Evasion Case: The lawsuit also implicated Saylor’s company, Microstrategy, alleging that it assisted him in evading taxes by submitting fraudulent tax forms between 2005 and 2020. The report indicates that Saylor evaded over $25 million in income taxes by falsely claiming residency in either Virginia or Florida, where income tax rates are lower. Despite agreeing to the settlement, Saylor maintains his innocence, asserting that Florida remains his primary residence. (BitcoinCom) 3. Epoch Times CFO Bill Guan is charged in alleged $67 million global money laundering scheme: The finance chief of conservative global news outlet The Epoch Times was arrested and charged with leading a yearslong scheme to launder at least $67 million in illicit funds. The alleged scheme by Weidong Guan and others involved cryptocurrency, prepaid debit cards, fraudulently obtained unemployment insurance benefits and stolen personal identification information, according to federal prosecutors. (CNBC) -Institutional Concerns- NSTR -Central Bank Digital Currencies (CBDC)- 1. BIS Plans Instant Cross-Border Payments Using Wholesale CBDC Settlement: In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in wholesale central bank digital currencies (CBDCs). (BitcoinCom) -Economic Indicators- 1. ISM Manufacturing PMI Below Forecasts: The ISM Manufacturing PMI unexpectedly edged lower to 48.7 in May 2024 from 49.2 in April, below forecasts of 49.6. The reading showed another contraction for the manufacturing activity as demand was soft again, output was stable, and inputs stayed accommodative. (TradingEconomics) (AC-Both stocks prices and bond yields dropped on the news) -Security Incidents and Concerns- 1. Chinese Crypto Trader Loses $1 Million From Binance After Chrome Plugin Exploit: The Binance user learned that the crypto heist was possible due to a malicious Google Chrome Extension. According to the victim’s investigation, the Aggr Chrome plugin stole all his web browsing and cookie data. With this information, the hacker hijacked his active Binance session without needing the password or go through 2FA. (Bitcoinist) -Technology- 1. The Goal for China’s Chip Giant: Cut Out the U.S.: It is a part of a broader campaign to eradicate American technology in China, dubbed “Delete A” or “Decouple From A,” which has accelerated in recent years as the world’s two biggest economies intensify their battle to dominate in next-generation technology. -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 73/100 (Even) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image