BTC Daily Intelligence Bulletin (DIB)
Block: 835,352
DTG/ICOD: 0800EST 19Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: SecState Warns China Over Philippines / IDF Strikes Hezbollah in Syria / SCOTUS Temporarily Halts Texas Immigration Law / GBTC Sells $643M, Causing Net Outflow, BTC to Drop / Sell Pressure on BITMEX Causes $8.9K BTC Price for 2 Minutes / Japan Ending Era of Negative Rates
Market Data: Price: 1 BTC= $63,063, 29.15 oz Gold, .15 Median US House
24hr Hi: $68,552/ Lo: $62,478
Vol: $67B (Up 64%)
Mkt Cap: $1.24T (Down 8%)
HashRate: 534 EH/s
Avg Fees: 9,057 sats/tx (Up 9%)
Nodes: 18,477
---Reports---
-International Events-
1. 'Only God can change this place': Haitians see no end to spiraling violence: "Port-au-Prince is in panic mode," a friend in the Haitian capital texted me. Residents of Petionville, a wealthier area of the city, are shaken after their most violent day so far in the country's spiraling security crisis. More than a dozen bullet-ridden bodies lay in the street - the victims of the latest gang rampage. As well as the early morning killing spree, the home of a judge was also attacked - a clear message to the country's elites vying for power. (BBC)
2. Blinken Warns China Against Armed Attack on Philippines: Secretary of State Blinken warned China on Tuesday that an “armed” attack against Philippine vessels in the South China Sea would trigger a mutual self-defense pact between Washington and Manila. (NYT)
3. Israeli missiles destroy Hezbollah warehouse in Syria: According to N12, citing reports, the advanced weapons located in the warehouse had arrived from Iran and were supposed to be transferred to Hezbollah. (JerusalemPost)
-US Events-
1. Supreme Court blocks Texas from enforcing controversial immigration law for now: The so-called administrative stay will remain in place while the court considers emergency appeals from the Biden administration and others, who want the justices to block enforcement of the law while their legal challenges to it play out. Monday’s order does not include an expiration date for the stay. (CNN)
2. Chicago begins evicting migrants from shelters as residents decry a 'lack of respect': Migrants who have been evicted, as well as those who face a rapidly approaching deadline, said there has been widespread confusion about the process and frustration with being forced to leave while they still lack the resources to find their own places to stay. (NBC)
3. 6 former Mississippi law officers to be sentenced for torture of 2 Black men: The former law officers admitted in August to subjecting Michael Corey Jenkins and Eddie Terrell Parker to numerous acts of racially motivated, violent torture. In a January 2023 episode, the group of six burst into a Rankin County home without a warrant and assaulted Michael Corey Jenkins and Eddie Parker with stun guns, a sex toy and other objects. (AP)
-Regulatory and Legal-
1. Argentine Senate Passes AML Reform Creating Cryptocurrency Entities Registry: The Argentine Senate passed a law that creates a registry for any institution that offers cryptocurrency services in the country. The CNV, the Argentine securities enforcer, will manage this registry, which also establishes obligations for crypto companies to deliver personal information on their customers and other data to government entities. (BitcoinCom)
-Institutional Concerns-
1. BTC Maintains $65K as GBTC Outflows Hit Highest Level Ever: According to data compiled by BitMEX research, outflow from GBTC hit $643 million on March 18. Data from investment firm Farside shows that there's a net outflow from bitcoin ETFs in general to the tune of $154 million. (CoinDesk)
-Central Bank Digital Currencies (CBDC)-
1. Hong Kong Launches Second Phase of Its CBDC Pilot Program: This new phase will focus on furthering the research on already examined use cases for the currency, including programmability and tokenization, and adding new, not previously explored use cases. (BitcoinCom)
-Economic Indicators-
1. Japan Ends Negative Rates, Scraps Yield Curve Control: The Bank of Japan (BoJ) raised its key short-term interest rate to around 0% to 0.1% from -0.1% in March 2024, matching market expectations and halting its eight years of negative interest rates. It is the first interest rate hike since 2007, as inflation had exceeded the central bank's 2% target in over a year while the largest companies in the country had agreed to raise salaries by 5.28%, the biggest wage hike in over three decades. (TradingEconomics)
2. Brent Hovers Near Multi-Month Highs: Brent crude futures held near $87 per barrel on Tuesday, hovering close to its highest levels since early November as supply-side concerns continued to support oil prices. (TradingEconomics)
-Technological Updates-
NSTR
-Security Incidents and Concerns-
1. Binance Denies Hack As Exchange Halts Trading: Hong Kong-based cryptocurrency exchange Binance said it won't resume trading or enable customer withdrawals until Friday amid a continued blackout blamed on a prolonged system upgrade. The suspension has sparked fears that the exchange has been hacked, though Binance, responding to such comments on Twitter, has strongly pushed back against the claim. (CoinDesk)
-Bitcoin Community-
1. Bitcoin Flash Crashed to $8.9K on BitMEX: Large sell orders worth $55.49 million drove bitcoin’s price down to $8,900 on BitMEX. The overnight crash was short-lived, lasting only 2 minutes. (CoinDesk)
2. Bitcoin mining firm Bit Digital reports revenues up nearly 40%: Nasdaq-listed Bitcoin mining firm Bit Digital has announced earnings of $44.9 million for 2023 — up 39% from 2022. Bit Digital said this growth was driven by a “higher active hash rate” but was partially offset by increased network difficulty. (CoinTelegraph)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 79/100 (Up 2 pts)
Analyst Comments (AC): Institutional investment action continues to drive the short-term price of Bitcoin, in the most recent case, to the downside. The long-term demand for Bitcoin remains strong as ETFs, RIAs and other institutions only begin to start investing in the digital asset and plebs continue to support price by buying the dips.
Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
21 Mikes
21mikes@BitcoinNostr.com
npub1hxc2...r77e
Faith, family, freedom, Bitcoin and homesteading. Recovering frogman. BTC DIB here.
BTC Daily Intelligence Bulletin (DIB)
Block: 835,225
DTG/ICOD: 0800EST 18Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Putin Set to Run Russia for Another 6 Years / Niger Dissolving US Cooperation / SCOTUS Taking up Social Media Issues / Trump Says 'Bloodbath", Media Goes Crazy / Nigeria Good Study on Fiat Failures
Market Data: Price: 1 BTC= $68,298, 31.63 oz Gold, .16 Median US House
24hr Hi: $68,897/ Lo: $66,372
Vol: $41B (Down 26%)
Mkt Cap: $1.34T (Up 2%)
HashRate: 649 EH/s
Avg Fees: 8,976 sats/tx (Up 3%)
Nodes: 18,547
---Reports---
-International Events-
1. Putin extends his rule over Russia, claiming landslide win after election with no real opposition: Putin received 87.32% of the vote, Russia’s election commission said early Monday after more than 99% of ballots had been counted. Having led Russia for 24 years already, he will soon match Soviet leader Josef Stalin as the country’s longest-serving modern ruler. (NBC)
2. Israel to offer six-week Gaza truce for 40 hostages in Qatar talks, Israeli official says: Israel will send a high-level delegation headed by its Mossad chief to Qatar on Monday for mediated talks with Hamas designed to secure the release of 40 hostages in exchange for a six-week Gaza truce, an Israeli official said. (JerusalemPost)
3. Niger Termination of U.S. Military Ties Followed Accusation of Iran Uranium Deal: The decision to end military cooperation with the U.S. was announced Saturday night by a spokesman for the Nigerien junta. It deals a serious blow to the Biden administration’s efforts to contain a sprawling Islamist insurgency in the Sahel, the semiarid region south of the Sahara. It could affect a $110 million base that was built by the U.S. and is used to fly surveillance drones over West Africa. It could also possibly force the withdrawal of more than 600 American troops still stationed in Niger. (WJS)
-US Events-
1. Supreme Court weighs how far federal officials can go to combat controversial posts: the Supreme Court on Monday is taking up a dispute between Republican-led states and the Biden administration over how far the federal government can go to combat controversial social media posts on topics including COVID-19 and election security. The justices are hearing arguments in a lawsuit filed by Louisiana, Missouri and other parties accusing officials in the Democratic administration of leaning on the social media platforms to unconstitutionally squelch conservative points of view. (AP)
2. Trump "Bloodbath" Comments Have Differing Interpretations in Medida: Biden Communications Director Tyler: Trump’s Bloodbath Comments ‘Endorsement of Political Violence’ (MSNBC); Biden campaign says Trump ‘wants another January 6’ after Ohio ‘bloodbath’ prediction (Independent); Joe Concha slams media members for taking Trump's 'bloodbath' comment out of context: 'A lie in all caps' (Fox) (AC-In the first media salvo of the 2024 election season, Trump's comments at a rally that were aimed at the Chinese Communist Party, not the US electorate, were taken fully out of context and spread like seed among the MSM headlines. As the narratives will continue to reinforce predetermined beliefs, this year's news reporting will require work just to ascertain facts from agenda.)
-Regulatory and Legal-
1. Nigeria's SEC Proposes 400% Increase to Crypto Firm Registration Fees: The regulator proposed increases to all supervision fees as the government blamed crypto for recent economic woes. The proposals come as the Nigerian naira weakens to record lows against the dollar, with the government blaming the crypto industry for facilitating illegal capital outflows. (CoinDesk)
-Institutional Concerns-
1. US Captures 83% of Spot Bitcoin ETF Market, Overtaking Canada: Countries where spot Bitcoin ETFs are incorporated are: G20 countries US, Canada, Germany, Brazil and Australia, the tax havens Bermuda, Jersey, Switzerland, Liechtenstein and Guernsey. Hong Kong could be the first Asian country with a spot Bitcoin ETF, with regulators there prepared to receive applications. The US has established itself as the top country for spot Bitcoin ETFs, with $34.78 billion in combined assets across the 10 spot Bitcoin ETFs approved early this year. (CoinGecko)
-Central Bank Digital Currencies (CBDC)-
NSTR
-Economic Indicators-
1. The Federal Open Market Committee (FOMC) will meet this week to decide on any changes on the Fed Interest Rate.
2, Brent Gains on Geopolitical Risks: Brent crude futures rose toward $86 per barrel on Monday, the highest since early November and extending gains from last week as heightened geopolitical risks continued to spark supply concerns. (TradingEconomics)
-Technological Updates-
NSTR
-Security Incidents and Concerns-
NSTR
-Bitcoin Community-
1. Bitcoin Miners Near Final Month Before Reward Halving Slashes Revenues: There are 34 days left until the Bitcoin network’s halving event, expected on or around April 20, 2024, which will reduce miners’ rewards by half. Bitcoin’s price has remained above $60,000 throughout March, reaching close to $74,000 on March 14. Between onchain fees and the price increase, these factors could offset revenue losses from the halving for miners. However, the halving will make mining much less profitable, particularly for those with high operational costs, potentially leading some to cease operations. (BitcoinCom)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 77/100 (Down 5 pts)
Analyst Comments (AC): Studying the economic woes in Nigeria and the government lashing out against cryptocurrencies and exchanges, gives an idea of effects of government fiat money printing, it's effect on populations, their attempts at running to safe stores of value, and the government's reaction to stop it. It's a good lesson in the battle for good money and how it may take place in other countries. In the case of Nigeria, rampant inflation is causing major economic woes for companies and civilians. The government then tried to force the population to adopt and use a CBDC which was quickly and roundly dismissed by the people. Cryptocurrencies, namely the USDC, was adopted quickly and the government targeted the exchanges, like Binance, recently running them out of the country. Continue to watch events unfold here as the fundamental dynamics give us a good preview of things to come in other countries.
Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 834,795
DTG/ICOD: 0800EST 15Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Putin Set for Reelection / Ukraine Targeting Russian Refineries / US Republicans Agree on Ukraine, Israel Funding / Blackrock Sets Another ETF Record / BTC has 5% Correction / El Salvador Moves BTC into Cold Storage
Market Data: Price: 1 BTC= $67,675, 31.23 oz Gold, .16 Median US House
24hr Hi: $73,063/ Lo: $65,630
Vol: $86B (Up 93%)
Mkt Cap: $1.33T (Down 7%)
HashRate: 557 EH/s
Avg Fees: 9,338 sats/tx (Up 3%)
Nodes: 18,547
---Reports---
-International Events-
1. As Putin eyes sure reelection, Russia’s economy defies sanctions, critics: Russian president is all but guaranteed fifth term in power comes as economy has outperformed expectations. (AlJazerra)
2. Palestinian leader appoints longtime adviser as prime minister in the face of calls for reform: Mohammad Mustafa, a United States-educated economist and political independent, will head a technocratic government in the Israeli-occupied West Bank that could potentially administer Gaza ahead of eventual statehood. (AP)
3. Ukraine is bombing Russian oil refineries right when Russia really needs its oil money: On Tuesday, Bloomberg reported that the country’s oil exports had crept up to 3.7 million barrels a day, their highest level this year. Then, on Wednesday, the Associated Press reported that Ukrainian forces had attacked three oil refineries in two days, including the biggest facility operated by Rosneft, Russia’s biggest oil company. (Quartz)
-US Events-
1. Jurors found both a school shooter’s father and mother guilty of manslaughter: A jury issued a groundbreaking verdict in Michigan Thursday, finding James Crumbley, whose son killed four students at a Michigan high school in 2021, guilty of four involuntary manslaughter counts in a case that experts say could set an important precedent for the extent to which parents of school shooters can be held responsible. (CNN)
2, House Republicans will pass Ukraine aid after backing down on border demand: The news was made on Thursday at the House Republican retreat, with Speaker Mike Johnson telling reporters that bills to further fund both Ukraine’s defence and Israel’s military effort against Hamas would be brought up separately in the coming weeks. (IndependentUK)
-Regulatory and Legal-
1. Hong Kong Regulator Says Crypto Exchange MEXC Has Been Operating Without a License: This is not the first time MEXC has fallen foul of regulators. Last April Japan's Financial Services Agency said the exchange had been operating in the country without registration, as did Germany's Federal Financial Supervisory Authority as recently as October. (CoinDesk)
-Institutional Concerns-
1. BlackRock Bitcoin ETF sets new daily volume record amid market fluctuations: On March 14, nearly 100 million shares of BlackRock’s spot Bitcoin ETF were traded, totaling over $3.9 billion in trading volume. This surpasses the previous record of $3.7 billion set less than ten days ago on March 5, marking a significant milestone for the fund. (Cryptopolitan)
2. Cetera Financial Group unveils policy to allow Bitcoin ETF exposure for RIAs, brokers: Cetera is one of the largest wealth management services in the US, with over $475 billion in assets under management.
-Central Bank Digital Currencies (CBDC)-
1. Banco Do Brasil to Test Offline Payments in Brazilian CBDC Pilot: Banco Do Brasil, a bank owned in its majority by the Brazilian state, are partnering to explore the possibilities of bringing offline payments to the future Brazilian CBDC, Drex. The joint initiative will include this functionality in Drex’s pilot, to extend access to financial services to Brazilians with difficult or no access to internet in secluded areas. (BitcoinCom)
-Economic Indicators-
1. US 10-Year Treasury Yield Steadies on Friday: The yield on the US 10-year Treasury note steadied at 4.28% on Friday, after climbing by 19bps this week. (TradingEconomics)
2. Bitcoin Falls from Record Levels: Bitcoin dropped 5% to around $67,100 from its peak of nearly $74,000, as concerns of a potential bubble increased amidst fluctuating global risk sentiment. Coinglass data showed $526 million in bullish crypto bets were liquidated in the past 24 hours, the highest amount in two weeks. (TradingEconomics)
-Technological Updates-
1. Mutiny’s New Browser-Based Bitcoin Wallet on Lightning Avoids App Store Restrictions: Mutiny, a Bitcoin wallet startup, released on Thursday a beta version of what it says is the first self-custodial Lightning wallet that runs on the web. “Our main difference compared to other Lightning wallets like Phoenix and Muun is that our wallet is a progressive web app (PWA),” Giorgio told CoinDesk. “So we can ship and push updates that are not restricted to the limitations of the Apple or Google store platforms.” (Yahoo)
-Security Incidents and Concerns-
1. Pro-Palestinian hackers claim to have hacked Viber: Handala Hack, a pro-Palestinian hacktivist group, claims to have breached the Viber instant messaging service. It wouldn’t be the first time – Viber is much easier to hack compared to similar apps. (CyberNews)
-Bitcoin Community-
1. El Salvador’s Cold Wallet: President Bukele Announces First Bitcoin Piggy Bank: President Nayib Bukele took to Twitter to reveal, “We’ve decided to transfer a big chunk of our Bitcoin to a cold wallet and store that cold wallet in a physical vault within our national territory. You can call it our first Bitcoin piggy bank” (CoinPedia)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 83/100 (Down 5 pts)
Analyst Comments (AC): BTC Price swings are showing highly favorable to institutional whales drawing correlation speculation. Any dip like the present one may be a good time to purchase more BTC. (not investment advice)
Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 834,659
DTG/ICOD: 0800EST 14Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: US House votes to Ban Tik-Tok Or Divest / Haiti Works to Establish Government / Second Mass Child Kidnapping in Nigeria in a Week / FINCEN Looks for Hamas Ties in Crypto / MSTR Selling Notes for BTC, Again / WorldBank Pres Wants Global Digital ID
Market Data: Price: 1 BTC= $72,908, 33.60 oz Gold, .17 Median US House
24hr Hi: $73,475/ Lo: $68,728
Vol: $45B (Down 30%)
Mkt Cap: $1.43T (Even)
HashRate: 638 EH/s
Avg Fees: 9,104 sats/tx (Up 18%)
Nodes: 18,505
---Reports---
-International Events-
1. Haiti works on establishing interim government as gang leader promises to fight on: Gangs that took over the capital intended to topple Prime Minister Ariel Henry, sending the nation into violent conflict with warnings of possible famine and civil war. Henry agreed to step aside after an emergency meeting Monday that brought together US, UN and Caribbean representatives, among others, and yielded a blueprint for Haitians to form a governing Transitional Presidential Council until elections can be held. But Jimmy Cherizier, a powerful Haitian gang leader known as "Barbecue," said Wednesday his coalition of armed groups "do not care about Ariel Henry's resignation." "We are going to continue the fight for Haiti's liberation," the former policeman under UN sanctions told Spanish-language network W Radio. (France24) (AC- The US has promised $130M in aid to Haiti, to whom or how, is yet to be revealed)
2. Nigeria hit by another mass kidnapping, with more than 300 now believed missing: Gunmen have abducted dozens of people from a northwest Nigerian village, according to two local representatives and a United Nations source, just days after the kidnapping of more than 250 pupils from a school in the same state. (CBS)
3. Taiwan’s Incoming VP Is on a Low-Profile Visit to Washington: Bi-khim Hsiao, who will be sworn in with Lai in late May, plans to discuss the new Taipei government’s agenda with members of the Biden administration, the people said. (WSJ)
-US Events-
1. House passes bill that could ban TikTok despite resistance from Trump: The House voted with bipartisan, overwhelming fashion on Wednesday to pass a bill that could lead to a nationwide ban against TikTok. The bill would prohibit TikTok from US app stores unless the social media platform — used by roughly 170 million Americans — is spun off from its Chinese parent company, ByteDance. It’s not yet clear what the future of the bill will be in the Senate. The House vote was 352 to 65, with 50 Democrats and 15 Republicans voting in opposition. (CNN)
-Regulatory and Legal-
1. FinCEN Is Analyzing $165M in Transactions That May Tie Crypto and Hamas, Senior Official Says: FinCEN analyzed suspicious activity reports filed between January 2020 and October 2023, according to a letter signed by Deputy Treasury Secretary Adewale Adeyemo. The letter was directed to the leaders of the Senate Banking and House Financial Services Committees and asked for their support in passing legislation that would broaden the Treasury Department's oversight authority over crypto transactions. (CoinDesk)
-Institutional Concerns-
1. MicroStrategy is on its second fundraising ploy this month to buy more Bitcoin: The business intelligence turned “Bitcoin development” firm announced its latest fundraiser on March 13, which will again come in the form of a private senior convertible notes offering. Some of it could also be used for general corporate purposes. (CoinTelegraph)
-Central Bank Digital Currencies (CBDC)-
1. World Bank president advocates global digital ID scheme at tech summit: Once digital identity is established and connected with public-private infrastructure, then everything else can be built on top of it, including access to financial services, insurance, healthcare, education, and the process of starting a new business – digital ID would be required for everything. (TodayVille)
-Economic Indicators-
NSTR
-Technological Updates-
NSTR
-Security Incidents and Concerns-
NSTR
-Bitcoin Community-
NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 88/100 (Up 7 pts)
Analyst Comments (AC): Today is one of those days where word news is relatively quiet.
Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 834,504
DTG/ICOD: 0800EST 13Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Putin Says Russia is Nuclear Ready / Ukraine Knocks out Half of Russian Oil Refining / US Ship Enroute Gaza / Trump and Biden Win Delegates for Nomination / US CPI Data Slightly Higher at 3.2% / COPA Seeks Criminal Charges Against Craig Wright /
Market Data: Price: 1 BTC= $73,166, 33.82 oz Gold, .17 Median US House
24hr Hi: $73,475/ Lo: $68,728
Vol: $64B (Up 21%)
Mkt Cap: $1.44T (Up 2%)
HashRate: 592 EH/s
Avg Fees: 7,868 sats/tx (Down 32%)
Nodes: 18,372
---Reports---
-International Events-
1. Putin warns the West: Russia is ready for nuclear war: President Putin warned the West on Wednesday that Russia was technically ready for nuclear war and that if the U.S. sent troops to Ukraine, it would be considered a significant escalation of the conflict. (Reuters)
2. Ukraine knocks out Russian refinery in major attack: Industry sources said that the main crude distillation unit (AVT-6) at NORSI was damaged in the attack, which means that at least half of the refinery's production is halted. Lukoil declined to comment. (EuraActiv)
3. U.S. Ships Leave Virginia for Gaza: U.S. Army ships are moving to the Eastern Mediterranean to build a pier to supply civilians in Gaza with essential supplies. The ships will establish a roll-on, roll-off capability that will allow ship-to-shore humanitarian assistance to the people of Gaza. "We expect the pier to be fully operational in approximately 60 days which will be able to facilitate the delivery of about 2 million meals per day," (DoD Release)
-US Events-
1. Trump Wins Delegates Needed to Become GOP’s Presumptive Nominee: With wins in Georgia, Mississippi and Washington state, Trump surpassed the 1,215-delegate threshold needed to become the presumptive Republican nominee. He’ll formally accept the nomination at the Republican National Convention in July, by which point he could be in the remarkable position of being both a presidential candidate and convicted felon. (Breitbart)
2. New Federal Judiciary Rule Will Limit ‘Forum Shopping’ by Plaintiffs: For years, litigants have tried to cherry-pick the judges in sweeping cases on abortion and immigration. Random judge selection is about to make that harder. (NYT)
3. Biden special counsel Robert Hur takes fire from all sides: Hur’s report cleared Biden of wrongdoing, but he still drew the ire of Democrats with his comments on the president’s memory. Hur in the hearing said that his report did not exonerate the president, which some Democrats had claimed, but said he ultimately did not find charges were warranted. (The Hill)
-Regulatory and Legal-
1. South Korea Preparing Tax System to Avoid Cryptocurrency Tax Evasion: The National Tax Service in South Korea is preparing to launch a virtual asset tax system to help analyze the information received from cryptocurrency holders to avoid cryptocurrency tax evasion. Local sources reported that the agency had contracted the services of a third-party company to help in this task, and it is scheduled to be launched next year. (BitcoinCom)
2. Tether Collaborates With FBI and Justice Department To Seize $1,400,000 in USDT From Crypto Wallet: USDT issuer Tether has helped top US government officials seize digital assets from an unhosted crypto wallet. In a new announcement, Tether says it has worked with the FBI and the US Department of Justice (DOJ) to take $1.4 million in USDT from a “scam network.” (DailyHODL)
-Institutional Concerns-
1. Grayscale plans spin off of spot bitcoin ETF: The spin-off is part of a bid to offer investors lower-fee exposure to bitcoin, according to a person familiar with the matter. (Reuters)
2, SEC Orders First Trust-SkyBridge to Declare Its Bitcoin ETF Application Abandoned: First Trust was one of the first to file for a BTC ETF, and was rejected by the SEC in January 2022. (CoinDesk)
-Central Bank Digital Currencies (CBDC)-
1. Putin Signs ‘CBDC, Digital Assets Payments’ Bill into Law: Russian President Vladimir Putin signed a law allowing firms in the country to use digital financial assets including the digital ruble in international payments on March 11. (CryptoNews) (AC- This is a complicated bill. It allows the Russian Central bank to monitor and issue a digital Ruble but also allows firms and international payments to occur in many different digital assets. All firms would need to report in a Russian accounting system, however)
-Economic Indicators-
1. US Inflation Rate Unexpectedly Rises to 3.2%: Annual inflation rate in the US unexpectedly edged up to 3.2% in February 2024, compared to 3.1% in January and above forecasts of 3.1%. (TradingEconomics)
2. US S&P 500 Hits Fresh Closing Record: US stocks finished higher on Tuesday, with tech shares resuming their recent rally amid slightly higher-than-expected inflation data that had little impact on expectations for the first rate cut by the Fed in June. The S&P 500 rose 1.1%, to a new closing high, the Nasdaq gained 1.1% and the Dow Jones popped 235 points. (TradingEconomics)
-Technological Updates-
1. US Justice Department increases focus on artificial intelligence enforcement: The DOJ is stepping up its focus on AI with a top official warning on March 5 that companies and individuals who misuse the technology for white-collar crime, such as price fixing, fraud, or market manipulation, will be at increased risk of a harsher sentence. (CoinGeek)
-Security Incidents and Concerns-
NSTR
-Bitcoin Community-
1. Coinbase looks to raise $1 billion via bond offering amid a bullish market trend: The bonds, designated as unsecured convertible senior notes, are set to mature in 2030, offering investors the option to convert their holdings into Coinbase shares or cash at that time. (CryptoSlate)
2. COPA to seek criminal charges for Craig Wright’s Satoshi ‘lies’: COPA argued that the evidence clearly shows that Wright did not invent Bitcoin, write its White Paper, or produce the code. (CryptoSlate)
3. The Converging Interest Between Psychedelic Therapy And Bitcoin: Though this combination may seem unexpected, many in the bitcoin community believe the two are naturally interconnected. "Bitcoin and plant medicine both encourage self-discovery and responsibility, emphasizing the pursuit of meaningful life values over instant gratification. While neither is a magical fix, if one walks such a path long enough, it can only result in positive outcomes.", said Tom Taber, co-founder of Montana Sagrada. (Forbes)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 81/100 (Even)
Analyst Comments (AC): The presidential political season will officially begin this week as Trump and Biden will both receive nomination in their respective parties. It promises to be an exciting and divisive year full of 5th generation warfare (5GW) tactics and countertactics.
Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 834,351
DTG/ICOD: 0800EST 12Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Haiti PM Agrees to Step Down / IDF Strikes Deep Into Lebanon / Ukraine Hits Targets Throuhout Russia / US Defense Spending to Drop 1% in Budget Battle / Biden Proposes 30% Tax on BTC Miners / BTC Miner Revenue at ATH
Market Data: Price: 1 BTC= $72,143, 33.18 oz Gold, .17 Median US House
24hr Hi: $72,850/ Lo: $71,339
Vol: $52B (Up 3%)
Mkt Cap: $1.41T (Even)
HashRate: 569 EH/s
Avg Fees: 11,105 sats/tx (Up 68%)
Nodes: 18,588
---Reports---
-International Events-
1. Haiti's prime minister says he'll resign once a transitional council is created: The de-facto prime minister of Haiti has agreed to resign once a transitional presidential council is installed and interim prime minister is named. "The government will resign immediately after the installation of this Council and will remain in office to handle current affairs until the appointment of a Prime Minister and a new government," Ariel Henry said in a video statement. The PM has been in Puerto Rico, unable to return due to lawlessness in the country. (NPR)
2. IDF strikes Hezbollah air unit sites deep in Lebanon; 100 rockets fired at north: The Israel Defense Forces carried out strikes deep in Lebanon late Monday, saying fighter jets hit a pair of sites belonging to the Hezbollah terror group.Hours after the strikes, on Tuesday morning, a barrage of some 70 rockets was launched from Lebanon at northern Israel, according to the IDF. It marked one of the largest barrages fired by the terror group amid the ongoing war. (TimesOfIsrael)
3. Two Fuel Depots Ablaze Following Drone Attacks Across 9 Russian Regions: Two Russian fuel depots were targeted in separate drone attacks early morning Tuesday, March 12, regional governors said, as Ukraine launched a barrage of strikes across multiple regions of Russia. According to the Russian Defense Ministry, 25 Ukrainian drones were destroyed or intercepted across nine regions, including Moscow, Leningrad, Belgorod, Kursk, Bryansk, Tula, and Oryol. (KyivPost)
-US Events-
1. Boeing whistleblower John Barnett found dead in South Carolina: A Boeing whistleblower was found dead in his truck in the parking lot of his South Carolina hotel after he failed to show up for the second part of his testimony for a bombshell lawsuit against the company, a report said Monday. John Barnett, 62, had raised safety concerns at the airline’s factories and provided his first testimony just days before he was found dead from an apparent “self-inflicted” gunshot wound, the Charleston County coroner told the BBC. (MarketWatch)
2. America’s Defense spending dragged into budget chaos: The Defense Department (DOD) still doesn’t have a full budget for 2024, faces a looming 1 percent across-the-board cut unless Congress can break its logjam, and is still reeling from years of high inflation. (TheHill) (AC- While China has increased defense spending this year over 7.2% (for several years now over 7%), the US is not meeting recruiting goals and facing at least a 1% DECREASE in spending. This relative weakening of the US professional military is a dangerous game which decreases the "Cost of Attack" for foreign powers.)
-Regulatory and Legal-
1. Biden Government Proposes 30% Electricity Tax for Miners, Citing Environmental Concerns: Crypto mining firms, under this new tax scheme, would need to report both the quantity and cost of electricity they consume. This includes companies that rely on off-grid power production. The tax is set to be introduced gradually over three years, starting at 10% and reaching 30% by the third year, effective from January 1, 2025. (BeInCrypto)
2. Donald Trump Calls BTC 'an Additional Form of Currency' — Says 'I Sometimes Will Let People Pay Through Bitcoin' (BitcoinCom)
-Institutional Concerns-
1. El Salvador Is Sitting on $84M Profit From Its Bitcoin Holdings: Bitcoin’s 250% rise over the past year has catapulted the Central American nation’s bitcoin treasury to over $206 million as of Tuesday, a 69% gain on initial capital so far. It holds 2,681 BTC, data shows, acquired over 12 separate purchases at an average cost of $42,600. (CoinDesk)
-Central Bank Digital Currencies (CBDC)-
1. Israel announces plans for interest-bearing shekel CBDC: the Bank of Israel outlined that its shekel CBDC will be implemented in a two-tier model, with instant, 24/7 payments, multipayment support, offline use, limitations on balances and an option for the CBDC to become interest-bearing. (CoinTelegraph)
-Economic Indicators-
1. US Small Business Optimism Falls to 9-Month Low: The NFIB Small Business Optimism Index in the US edged down to 89.4 in February 2024, the lowest in nine months, from 89.9 in January, and below forecasts of 90.7. Twenty-three percent of small business owners reported that inflation was their single most important business problem. (TradingEconomics)
2. US CPI Data is due today and expected to remain stead at 3.1%.
-Technological Updates-
NSTR
-Security Incidents and Concerns-
1. February Hack on United Healthcare: The worst of its kind, recovery time uncertain: Authorities are trying to figure out how to recoup from a cyber-attack on a company in late February. Officials said, by this week, things would be back to normal, but they’re not. Far from it. Hackers have crippled Change Healthcare, a branch of the UnitedHealthcare group. As a result, many people are scrambling, trying to figure out how to get their medicine. The American Hospital Association calls what's happening, "the most significant and consequential incident of its kind against the U.S. health care system in history." (CBS12)
-Bitcoin Community-
1. Bitcoin miner revenue hits all-time high amid price surge: According to The Block data, the seven-day moving average of miner earnings hit $68.28 million on March 9, surpassing the previous all-time high of $67.15 million in May 2021. The revenue rose further to $68.35 million on Sunday. (TheBlock) (AC-BTC miner stocks were down yesterday from 3 to 9% due to the release of the proposed 30% tax on miner electricity.)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 81/100 (Down 1 pt)
Analyst Comments (AC): Bitcoin Miner stocks were down yesterday due to a proposed 30% US tax on miners while another report showed miner revenues at an all-time-high due to the increase in BTC price. The proposed tax is a de-facto ban on US mining activity and would have serious consequences on the industry. In an industry that already has small margins and its competitve advantage lies in cheap electricity, a tax of this sort is an existential threat to US mining. This is certainly a shot across the bow from the current administration to the Bitcoin community.
Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 834,198
DTG/ICOD: 0800EST 11Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Ramadan Starts / US Evacuates Embassy in Haiti / BlackRock Surpasses MicroStrategy Holdings / BTC Surpasses Silver / MicroSoft Hack Still Underway
Market Data: Price: 1 BTC= $71,629, 33.19 oz Gold, .17 Median US House
24hr Hi: $72,235/ Lo: $67,194
Vol: $51B (Up 76%)
Mkt Cap: $1.41T (Up 3%)
HashRate: 652 EH/s
Avg Fees: 7,233 sats/tx (Down 64%)
Nodes: 18,542
---Reports---
-International Events-
1. Holy month of Ramadan starts for Muslims in Middle East in the midst of war: Muslims gathered at the Al-Aqsa mosque in Jerusalem on Sunday to celebrate the start of Ramadan. While the mosque has been flashpoint for the escalation of Israeli-Palestinian violence, Tel Aviv assured they would not restrict worshiping in the site. (EuroNews)
2. U.S. military airlifts embassy staff from Port-au-Prince amid Haiti's escalating gang violence: The United States military conducted an overnight operation Saturday to evacuate American personnel by airlift from the U.S. Embassy in Haiti as violence escalates in the capital, Port-au-Prince. (CBS)
3. China’s congress ends with a show of unity behind Xi’s vision for national greatness: The weeklong event, replete with meetings carefully scripted to allow no surprises, has highlighted how China’s politics have become ever more calibrated to elevate Xi. (AP)
-US Events-
1. DOJ opens criminal investigation into the Alaska Airlines 737 plane blowout: The Department of Justice has launched a criminal investigation into the Boeing jetliner blowout that left a gaping hole on an Alaska Airlines plane this January, the Wall Street Journal reported on Saturday. (AP)
2. 2 National Guard soldiers, 1 Border Patrol agent killed in Texas helicopter crash are identified: A National Guard soldier from New York who was seriously injured in the crash of a helicopter flying over the U.S.-Mexico border remained hospitalized Sunday while authorities released the names of the three killed Friday in the crash in a field in Texas near Rio Grande City were: Chief Warrant Officer 2 Casey Frankoski, 28, and Chief Warrant Officer 2 John Grassia, 30, both with the New York National Guard; and Border Patrol Agent Chris Luna, 49. The cause of the crash remains under investigation. (AP)
-Regulatory and Legal-
NSTR
-Institutional Concerns-
1. BlackRock’s Bitcoin Holding Surpasses MicroStrategy Amid $2 Bln Net Inflows This Week: BlackRock’s iShares Bitcoin Trust (IBIT) surpassed MicroStrategy’s Bitcoin (BTC) holdings with a net inflow $2.07 billion in the week. Moreover, the milestone comes amidst a robust total weekly net inflow of Spot Bitcoin ETFs, which stands at $2.23 billion. (CoinGape)
2. Bitcoin surpasses silver to become the eighth largest asset by market cap: Bitcoin now has a market cap of $1.4 trillion, while silver only has a market cap of $1.3 trillion, according to CompaniesMarketCap data. Bitcoin remains behind Alphabet, with a market cap of $1.6 trillion. The asset with the largest market cap globally is still gold, at a size of $14.66T. (TheBlock)
3. Investment Company ARK Invest Sells Coinbase Share as Bitcoin Price Rises: Cathie Wood's ARK Invest announced that it sold approximately $150 million worth of shares of cryptocurrency exchange Coinbase (COIN) during the week ending March 8, 2024. (CoinMarketCap)
-Central Bank Digital Currencies (CBDC)-
1. Central Bank of the Philippines to Complete Wholesale CBDC Pilot This Year, Hints at Securities Focused Use Case: The Central Bank of the Philippines revealed that it aims to conclude the ongoing wholesale CBDC pilot, Project Agila, later this year. The pilot, which currently includes the participation of six local financial institutions, might be the gate for democratizing access to securities according to Deputy Governor for Payments and Currency Management Sector (Bitcoincom)
-Economic Indicators-
1. US 10-Year Treasury Yield at Nearly 1-Month Low: The yield on the US 10-year Treasury note was at 4.07% to kick off the week, the lowest level since early February
2. Friday's US jobs figures beat forecasts but downgrades complicate outlook: Data shows 275,000 new jobs added but numbers for January and December are revised sharply downwards. The revised totals for January and December restated 167,000 fewer posts were created than previously thought. Unemployment rose to 3.9% (FT) (AC-Employment data is difficult to assess on a monthly basis unless large moves are indicated. Longer term trends are most meaningful. The revision downwards of Dec and Jan do show an optimistic bias in intial reporting, however.
-Technological Updates-
NSTR
-Security Incidents and Concerns-
1. Microsoft Confirms It Has Yet to Contain Russian State Hack: Russian government hackers have successfully breached Microsoft's systems and the tech giant confirms it has yet to contain the data breach nor evict the state-sponsored hackers. Microsoft adds that it will continue to provide more information amidst the "ongoing attack." The Microsoft Security Team discovered the nation-state attack on January 12, 2024, and announced it on January 19. (TechTimes)
-Bitcoin Community-
NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 82/100 (Up 1 pt)
Analyst Comments (AC): NSTR
Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 833,741
DTG/ICOD: 0800EST 08Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Sweden Officially Joins NATO / State of the Union Address Divides Further / US Army SGT Arrested for Spying for China / US Ports Infiltrated With Chinese Spy Devices / Arizona Considers BTC ETFs / One of BV's Own at SOTU
Market Data: Price: 1 BTC= $67,679, 31.19 oz Gold, .16 Median US House
24hr Hi: $68,029/ Lo: $66,628
Vol: $41B (Down 22%)
Mkt Cap: $1.32T (Up 1%)
HashRate: 641 EH/s
Avg Fees: 21,385 sats/tx (Up 97%)
Nodes: 18,741
---Reports---
-International Events-
1. Sweden officially joins NATO, ending decades of post-World War II neutrality: President Joe Biden congratulated Sweden on its admission and said it was a sign that Russian President Vladimir Putin’s intervention in Ukraine had united, rather than divided, the alliance. (AP)
2. Haiti gangs torch police stations as PM's future hangs in balance: Gangs pushing for the ouster of Haitian Prime Minister Ariel Henry have been setting fire to police stations in the capital, Port-au-Prince. The three-day state of emergency has now been extended by a month and the unrest has paralyzed air traffic (CNN)
3. Poland sees its most violent farmers' protest yet as anger grows across Europe: Farmers are angry at EU climate policies and food imports from Ukraine. Many similar protests have occurred across the 27-member EU in recent weeks, but this one was decidedly angrier than earlier demonstrations in the central European nation. (EuroNews)
-US Events-
1. Biden delivers State of the Union with fiery political tone: Biden engaged in repeated exchanges with Republican lawmakers in the House chamber, at times turning the address into a form of political theater as he seemingly taunted his opponents in an attempt to spotlight policy disagreements on the economy, immigration and abortion. Biden started assailing Trump less than four minutes into his speech, blasting him for suggesting that he would encourage Russia to “do whatever the hell they want” to NATO allies that did not spend enough on defense. (WaPo)
2. US Army intelligence analyst charged with selling military secrets to contact in China for $42,000: An active duty Army soldier and intelligence analyst spent over a year selling sensitive military documents related to the U.S. defense of Taiwan, weapons systems, and missile defense systems to China, federal prosecutors alleged in an indictment unsealed Thursday. Sergeant Korbein Schultz is accused of using his top secret security clearance to download classified U.S. government records at the behest of an unnamed individual who claimed to live in Hong Kong, allegedly amassing $42,000 in the process. (CBS)
3. Espionage Probe Finds Communications Device on Chinese Cranes at U.S. Ports: A congressional probe of Chinese-built cargo cranes deployed at ports throughout the U.S. has found communications equipment that doesn’t appear to support normal operations, fueling concerns that the foreign machines may pose a covert national-security risk. The installed components in some cases include cellular modems, according to congressional aides and documents, that could be remotely accessed. (WSJ)
-Regulatory and Legal-
1. US Fights to Convict This Crypto Kingpin Before Extradition to South Korea: Former Terra Luna crypto kingpin Do Kwon will be extradited to South Korea to face fraud charges related to the collapse of Terra Luna. A Montenegrin court ruled in favor of South Korea in a court proceeding yesterday. A judge ruled yesterday that Kwon will go to South Korea following a competing request from authorities in the US, meaning that the US Securities and Exchange Commission will have to lobby for extradition to face fraud charges in the US. (BeInCryto)
-Institutional Concerns-
1. Arizona State Senate Considering Adding Bitcoin ETFs to Retirement Portfolios: The Arizona State Senate is considering a proposal to encourage the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to explore the inclusion of Bitcoin ETFs in their investment portfolios. (BitcoinMag)
-Central Bank Digital Currencies (CBDC)-
1. U.S. Fed Chair Powell Says 'Nowhere Near' Pursuing CBDC, Won't Spy on Americans: The Federal Reserve chairman told the Senate Thursday his agency isn't anywhere close to making any recommendations on a CBDC and wouldn't want any direct connection to retail users' data. (CoinDesk)
-Economic Indicators-
1. US Payroll and Unemployment Data will be released later today.
2. World Food Prices at 3-Year Low: The FAO Food Price Index declined for a seventh straight month to 117.3 index points in February 2024, the lowest level in three years, compared to an upwardly revised 118.2 in January. (TradingEconomics)
-Technological Updates-
NSTR
-Security Incidents and Concerns-
NSTR
-Bitcoin Community-
1. Gaetz Spotlights Negative Impacts of Biden’s Rescinded Military Vax Mandate with SOTU Guest: Rep. Matt Gaetz (R-FL) is highlighting the negative outcomes for former servicemembers –who refused to comply with President Joe Biden and Defense Secretary Lloyd Austin’s coronavirus military vaccine mandate – at the State of the Union by inviting a former Green Beret and Army captain named John Frankman, whose career was upended by the now-reversed order, as his guest. (Breitbart) (AC-One of Bitcoin Veterans' own, Frankman shows the mission-oriented view of helping others push back against an overreaching State, raising voices that matter, and even a new mission in Bitcoin autonomy)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 81/100 (Down 1 pt)
Analyst Comments (AC): The State of the Union Address last night kicked off the 8-month presidential election season in the US. The political theater of the spectacle last night is fodder for pundits and the MSM today. What is certain is that politics will be foremost in American media and minds throughout the year. Last cycle was very contentious and at times violent. For individuals and families, it is a time to maintain community relations, promote peace, prepare for contingencies, and seek and speak truth.
Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report 

BTC Daily Intelligence Bulletin (DIB)
Block: 833,571
DTG/ICOD: 0800EST 07Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Houthi Kills 3 With Missiles / No Ceasefire for Hamas for Ramadan / Biden's SOTU Tonight / BlackRock Hit High Inflows / ECB Holds Rates Steady for Now / US Firms Lay off More Employees / UnitedHealth Hack Having Serious Consequences
Market Data: Price: 1 BTC= $66,794, 30.91 oz Gold, .15 Median US House
24hr Hi: $67,513/ Lo: $65,351
Vol: $52B (Down 51%)
Mkt Cap: $1.31T (Up 1%)
HashRate: 742 EH/s
Avg Fees: 8,346 sats/tx (Down 53%)
Nodes: 18,680
---Reports---
-International Events-
1. Three dead in first fatal Houthi attack in the Red Sea: The U.S. Central Command said late Wednesday night that Houthi forces struck the Barbados-flagged, Liberian-owned bulk carrier True Confidence in the Gulf of Aden on Wednesday with an anti-ship ballistic missile, leading to several fatalities. The missile struck the vessel, and the multinational crew reports three fatalities, at least four injuries, of which three are in critical condition, and significant damage to the ship. All remaining crew abandoned ship. (CNBC)
2. Hamas delegation leaves Cairo, ceasefire talks set to resume next week: Hamas's delegation left Cairo on Wednesday with no breakthrough in the Gaza ceasefire negotiations that had been underway since Sunday. The talks aimed at reaching a ceasefire in Gaza before Ramadan are still ongoing. (France24)
3. Russia-Ukraine: Russian foreign ministry summons the US ambassador in Moscow in protest against “interference” in domestic affairs. (AlJazerra) (AC- It is unclear at this time what the reason is.)
-US Events-
1. Biden to highlight rebounding economy during SOTU, renew tax proposals for large corporations: President Joe Biden is expected to spend a large part of Thursday’s State of the Union address in Washington, D.C. addressing the economy as he renews his calls for increased taxes on corporations and billionaires, eliminating student debt and highlighting the economic rebound the U.S. has had since he became president. AC- Donald Trump will be responding real time to the SOTU on X. (ABC)
-Regulatory and Legal-
1. CFTC Boss Says Crypto Here to Stay, Demands Regulation for “False Narrative” Market: CFTC Chair Rostin Behnam told Congress of the critical need for legislation that would offer clear regulatory guidance for the cryptocurrency sector. Benham highlighted that, in the year to October 2023, over 49% of the CFTC’s enforcement actions were connected to digital assets. (CCN)
-Institutional Concerns-
1. BlackRock Bitcoin ETF Marks New Inflow High as BTC Claims ATH: BlackRock’s iShares Bitcoin ETF devoured over $788 million worth of bitcoin on Tuesday as the reigning crypto king registered a new all-time high above $69,000 for the first time since 2021. The ETF recorded a 30% increase from its previous high of $609 million, set on February 29. (DailyCoin)
2. Is Tesla buying Bitcoin again?: Tesla’s wallet now holds about 11,509 BTC at the time of writing, 1,789 more than the 9,720 BTC it reported during its last earnings report. (CoinTelegraph)
3. Bitcoin/Euro Suffers Flash Crash on Coinbase: On Tuesday, BTC momentarily plunged to €48,529 from €60,000 on Coinbase, while on Kraken, for instance, the price only went as low as €58,400. The reason for the flash crash remains unclear and it took 10 minutes for the price to rebound back to parity with other exchanges. (CoinDesk)
-Central Bank Digital Currencies (CBDC)-
1. Hong Kong’s Central Bank Announces New Wholesale CBDC to Support Tokenization Market: Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenized money," HKMA said. (CoinDesk)
-Economic Indicators-
1. US Companies Cut More Jobs in February: US-based employers announced plans to cut 84,638 jobs in February 2024, the most in eleven months, compared to 82,307 in January, and 77,770 a year earlier. (TradingEconomics)
2. ECB to Hold Rates, Maintain Cautious Stance on Rate Cuts: The ECB is expected to maintain interest rates at record-high levels for the fourth consecutive time on Thursday, amidst concerns about an impending recession and persistently falling inflation despite underlying price pressures remaining stubbornly high. (TradingEconomics)
-Technological Updates-
1. President Biden would ban TikTok. But candidate Biden is using it for his campaign: The White House has thrown its support behind a bill in Congress that would effectively ban TikTok, the social media app that is owned by Chinese company ByteDance, in the United States. The bipartisan legislation would require ByteDance to sell the app because of national security concerns about the way it uses and stores data — or face a ban. (NPR)
-Security Incidents and Concerns-
1. US gov to pay hospitals struggling in UnitedHealth hack, advocates want more: US hospitals and providers struggling to pay bills since the cyberattack on UnitedHealth Group's (UHG) technology division will now receive accelerated payments from US government health agencies to help keep them afloat – but medical advocates say more needs to be done. (CyberNews)
-Bitcoin Community-
1. Bitcoin Miner Hut 8 Shutters Canadian Facility Amid Energy Crisis: This decision, informed by a thorough analysis highlighting the diminishing profitability due to soaring energy costs and voltage issues, is poised to streamline the company’s operations. (BeInCrypto)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 82/100 (Up 7 pts)
Analyst Comments (AC): Infrastructure in the US is straining. The hack of United Health has patients unable to receive medications and hospitals unable to capture payments. Massive immigration is straining cities and states coffers while crime is increasing dramatically. Murders by immigrants are angering Americans while AGs are letting violators go. The emergency BTFP program, currently shoring up US banks with alternate Fed lending, is set to end on March 11th. US firms are laying off more employees than normal. No matter what is said at the State of the Union tonight, the US is struggling.
Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report 

BTC Daily Intelligence Bulletin (DIB)
Block: 833,405
DTG/ICOD: 0800EST 06Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Houthis and Hezbollah Lobbing More Missiles / Haiti Gangs Getting Organized / Trump and Biden Clear Winners on Super Tuesday / United Healthcare System Still Down, May Have Paid $22M Ransom / BTC and Gold Break ATH
Market Data: Price: 1 BTC= $66,188, 31.25 oz Gold, .15 Median US House
24hr Hi: $69,170/ Lo: $59,323
Vol: $104B (Up 36%)
Mkt Cap: $1.29T (Down 2%)
HashRate: 581 EH/s
Avg Fees: 19,632 sats/tx (Up 35%)
Nodes: 18,593
---Reports---
-International Events-
1. US destroyer shoots down missiles and drones launched by Yemen’s Houthi rebels: The assault Tuesday apparently targeted the USS Carney, an Arleigh Burke-class destroyer. Meanwhile, the Indian navy released images of it fighting a fire aboard a container ship earlier targeted by the Houthis. (AP)
2. Hezbollah launches a massive rocket barrage on Israel day after Biden envoy arrived in Lebanon: US envoy Amos Hochstein was in Beirut Monday, pushing for a diplomatic solution to end the violence. (Fox)
3. Haiti gang leader threatens 'civil war' if PM does not resign: The gang leader behind the violence blighting the Haitian capital has warned there will be a "civil war" if Haiti's prime minister, Ariel Henry, does not step down. Jimmy "Barbecue" Chérizier made the threat as members of his gang tried to seize the capital's airport to stop Mr Henry from returning from abroad. (BBC)
-US Events-
1. Biden and Trump dominate Super Tuesday as Haley plans to exit the race: Nikki Haley will announce today that she is exiting the presidential race, according to sources familiar with her plans. Across the Republican primaries on Super Tuesday, Haley won just 43 of the Republican delegates while Trump won 764. (CNN)
-Regulatory and Legal-
1. Binance.US Slashed Two-Thirds of Its Workforce as Revenue Plunged After SEC Lawsuit: The SEC's effort last year to freeze BinanceUS’ operations via a Temporary Restraining Order led to mass layoffs at the company as revenue imploded and it struggled with market trust, one of its executives said during a court deposition. (Coindesk)
2. SEC Bolsters Coinbase Lawsuit with Insider Trading Ruling: As Coinbase awaits a ruling on motions to dismiss the SEC lawsuit against it, the agency is attempting to wield a default judgment in an insider trading case involving a former Coinbase employee. On Monday the SEC submitted a filing with Judge Katherine Polk Falia to bring to her notice a recent ruling in the SEC’s insider trading case against former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi, and friend Sameer Ramani. (DailyCoin)
-Institutional Concerns-
1. Coinbase Crashed Again—Why Does It Happen So Often During Bitcoin Runs? Coinbase disclosed Tuesday that “some users may be experiencing errors when transacting” as the price of Bitcoin peaked and collapsed. The Coinbase exchange has regularly struggled when there’s a Bitcoin rally, as industry-wide interest in the top cryptocurrency peaks. (Decrypt)
-Central Bank Digital Currencies (CBDC)-
1. CBDC Not Widely Recognised in Japan Despite Ongoing Trials, R&D Efforts: Less than 20 percent of Japan's population is familiar with the term CBDC, claimed Kazuo Ueda, the governor of the Bank of Japan (BoJ). The Japanese CBDC entered its trial phase around April last year where the BoJ wished to analyze the technical feasibility and use-cases of the digital yen. Japan could see a wider roll out of its digital JPY by 2026. (Gadgets3600
-Economic Indicators-
1. Currency market calm before Powell speech, bitcoin resumes rally: The U.S. dollar was a touch softer on Wednesday, as traders kept their powder dry ahead of the first leg of congressional testimony from Federal Reserve Chair Jerome Powell and the European Central Bank's policy announcement on Thursday. (YahooFinance)
2. Bitcoin and gold broke new price records on the same day: The new all-time highs marked the first time Bitcoin and gold hit new records simultaneously since the emergence of BTC. Bitcoin posted a new price record on March 5, breaking above $69,200 for the first time in history. Spot gold also broke it's all-time high record at $2,130 at around 1:30 pm. (CoinTelegraph) (AC-Depending on the exchange, various prices were listed yesterday, which could lead to conflicting claims.)
-Technological Updates-'
NSTR
-Security Incidents and Concerns-
1. Patients or payroll? US healthcare hack creates hard choices: Nearly two weeks after the ransomware attack on UnitedHealth's Change Healthcare unit that has disrupted claims processing across the U.S., doctors are beginning to face a no win choice - stop treating patients or stop paying staff. The attack, which was disclosed on Feb. 21, shut down the system that many doctors depend on to verify insurance coverage, file claims and get paid, sparking a campaign by hospitals and doctors for the U.S. government to provide financial relief as it did during the COVID-19 pandemic. (Reuters) (AC-News of the hack was spread quickly following the hack but the effects are still very real for healthcare in the US. The system is still shut down and creating a billing nightmare for health offices. There are unconfirmed reports that United Healthcare paid a $22M ransom which would be the 2nd highest in history (KARE11))
-Bitcoin Community-
1. 1,000 Vintage Bitcoins From 2010 Moved as BTC Peaked at $69,210: On March 1, 2024, an infamous and vast bitcoin mega whale moved 2,000 vintage bitcoins from 2010 and now, four days later, on March 5—the day bitcoin hit its peak value of $69,210 per coin—the same entity transferred another 1,000 bitcoins from 2010. (Bitcoincom)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 75/100 (Down 15 pts)
Analyst Comments (AC): Following the recent runup on BTC price action, a 15% retracement while touching the former ATH yesterday is a reminder that many are still playing the buy low/sell high strategy of investing. As many HODLers have maintained a paradigm shift of investing by looking at Bitcoin a new hard asset, there are still those who affect price by manipulation or frequent buying and selling. It's a reminder that not all price action is fundamental demand/supply-based and many are still in the 'trader' or arbitrage mindset.
Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report 

BTC Daily Intelligence Bulletin (DIB)
Block: 833,258
DTG/ICOD: 0800EST 05Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Gangs Take Over Haiti Capital / China Increases Defense Spending 7.2% / Ukraine Sinks Russian Ship / Today is Super Tuesday / SCOTUS Unanimous in Trump's Favor / MSTR Sells Notes for More BTC / Binance Calls it Quits in Nigeria
Market Data: Price: 1 BTC= $67,284, 31.68 oz Gold, .16 Median US House
24hr Hi: $68,785/ Lo: $64,761
Vol: $76B (Up 74%)
Mkt Cap: $1.32T (Up 3%)
HashRate: 641 EH/s
Avg Fees: 14,156 sats/tx (Down 45%)
Nodes: 18,291
---Reports---
-International Events-
1. Gangs rule Haiti’s capital. Some say they’re ready to overthrow the government too:Ruthless gangs have a stranglehold on the city, preying on the population, carving neighborhoods into warring criminal fiefdoms, and cutting Haiti’s international port off from the rest of the country. (CNN)
2. China raises defense budget by 7.2% as it pushes for global heft and regional tensions continue: China on Tuesday announced a 7.2% increase in its defense budget, which is already the world’s second-highest behind the United States at 1.6 trillion yuan ($222 billion), roughly mirroring last year’s rise. (AP)
3. Ukraine claims another critical strike on Russia’s Black Sea Fleet: Kyiv’s military intelligence unit says it sank the patrol ship Sergey Kotov near the Crimean peninsula.
-US Events-
1. US Supreme Court rules Colorado cannot ban Trump from presidential ballot: The unanimous ruling is specific to Colorado, but it also overrides challenges brought in other states. Colorado had barred Mr Trump from its Republican primary, arguing he incited the 2021 Capitol riot. The court ruled that only Congress, rather than the states, has that power. (BBC)
2. Super Tuesday expected to boost Trump closer to clinching GOP nomination as Haley makes possible last stand (Breitbart)
-Regulatory and Legal-
1. Sweeping Changes: UK’s New Rules to Freeze and Seize Crypto: The introduction of the Economic Crime and Corporate Transparency Act 2023, passed on October 26, 2023, equips law enforcement with broader powers to intervene in crypto-related crimes directly. Scheduled to take effect from April 26, the legislation facilitates direct access to cryptocurrencies held in exchanges and by custodian wallet providers. (TipRanks) (AC-Get your coin off exchanges)
-Institutional Concerns-
1. BlackRock looking to include Bitcoin exposure in other funds: BlackRock has filed an amendment with the SEC to integrate Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX), according to a March 4 filing. (CryptoSlate)
2. MicroStrategy launches $600 million notes offering to fuel Bitcoin acquisition as stock surges: MicroStrategy is looking to raise $600 million to buy more Bitcoin for its $13 billion stack after its stock surged 23% on March 4. (CryptoSlate)
3. Hong Kong’s Mox Bank To Offer Crypto Investment & Spot Bitcoin ETF Services: The Hong Kong-based virtual bank also hopes to offer U.S. Spot Bitcoin ETF investment solutions. Collaboration with licensed platforms ensures regulatory compliance for Mox Bank's crypto services. (CoinGape)
-Central Bank Digital Currencies (CBDC)-
1. BRICS Will Create Payment System Based on Digital Currencies and Blockchain: The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital technologies, a report by Russian news agency TASS said. (CoinDesk)
-Economic Indicators-
1. US Logistics Sector Rises the Most in 4 Months: The Logistics Manager’s Index in the US increased to 56.5 in February 2024, the highest reading in four months, from 55.6 in January, amid a broad-based expansion in all metrics and continued progress in transportation and the buildup of inventories upstream at the manufacturing and wholesale levels. (TradingEconomics)
-Technological Updates-'
NSTR
-Security Incidents and Concerns-
NSTR
-Bitcoin Community-
1. Exchanges witness unprecedented massive Bitcoin daily withdrawals: Bitcoin withdrawals from exchanges have hit a record, with $2.3 billion leaving in a single day, the highest in over five years. (Cryptopolitan) (AC- Coinbase's troubles with their online app over the last two weeks might have something to do with this)
2. Binance leaves Nigeria, suspending all naira services: According to the platform’s announcement on March 5, starting at 8:00 UTC on March 8, all remaining NGN balances in Binance users’ accounts will be automatically converted to USDT stablecoin. Until this time, users are advised to withdraw NGN. Deposits will be suspended on March 5. (CryptoNews) (AC-Nigeria's government pressured Binance with regulation and 'fees' that it became unsustainable for Binance to operate)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 90/100 (Up 8 pts)
Analyst Comments (AC): With BRICS announcing the usage of blockchain technology for an anti-dollar currency for world trade, it is clear that we've entered a key point in worldwide economic warfare and American hegemony. The details of a new currency matter greatly in how such a desire is manifest. If BRICS decides to use Bitcoin, however, many of those questions can be effectively answered and a true challenge to the USD might ensue. For a possible thought exercise, consider reading the book "The Mandibles" for an extremely similar scenario and its consequences.
Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 833,107
DTG/ICOD: 0800EST 04Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Haiti in Danger of Toppled Gov After Prison Break / NATO to Conduct Largest Drill With Nordic Members / Haley Wins DC Primary, Super Tuesday Tomorrow / BTC Topples Silver AUM / Turkish Lira 67% Inflation Last Month / Swiss Vote Higher Pensions / BTC ETFs Opened in Brazil, Peru / BTC Approaching ATH in Dollars
Market Data: Price: 1 BTC= $65,185, 31.26 oz Gold, .15 Median US House
24hr Hi: $65,565 / Lo: $62,048
Vol: $44B (Up 90%)
Mkt Cap: $1.28T (Up 5%)
HashRate: 517 EH/s
Avg Fees: 23,397 sats/tx (UP 220%)
Nodes: 18,365
---Reports---
-International Events-
1. Haiti declares a state of emergency after a massive prison break in the capital: After thousands of inmates have escaped, the curfew will be enforced from 6 pm to 5 am in the Ouest region, which includes the capital, through Wednesday, the government said in a statement, adding that both the curfew and the state of emergency can be extended. About a dozen people died as gang members attacked the National Penitentiary in Port-au-Prince overnight Saturday into Sunday, an AFP reporter observed. The attack came as part of a new spate of extreme violence in the Haitian capital, where well-armed gangs who control much of the city have wreaked havoc since Thursday. (France24)
2. Hard-liners dominate Iran parliamentary vote that saw boycott calls and apparently low turnout: Authorities still have not released turnout figures for Friday’s vote, nor given any reason for the delay. Turnout is suspected to be low after polling stations in the capital, Tehran, saw few voters. It remains unclear whether turnout was depressed by voter apathy or an active desire to send a message to Iran’s theocracy, though some in the country pushed for a boycott, including imprisoned Nobel Peace Prize laureate Narges Mohammadi. (AP)
3. Newly enlarged NATO starts drill in Finland, Norway and Sweden in defense of its Nordic turf: NATO kicked off an exercise on Monday to defend its newly expanded Nordic territory when more than 20,000 soldiers from 13 nations take part in drills lasting nearly two weeks in the northern regions of Finland, Norway and Sweden. With over 4,000 Finnish soldiers taking part, the Norway-led Nordic Response 2024 represents the NATO newcomer’s largest ever participation in a foreign exercise, according to Finland’s military. “For the first time, Finland will participate as a NATO member nation in exercising collective defense of the alliance’s regions,” the Finnish Defense Forces said in a statement. (AP)
-US Events-
1. Nikki Haley wins Washington, D.C., Republican primary, in small symbolic boost: Haley, the only remaining challenger to Donald Trump in the race, won 62.9% of the vote, versus 33.2% captured by the former president. Haley will pick up 19 delegates from her win, a small portion of the 1,215 delegates needed to clinch the nomination. On Tuesday, voters in 15 states and one U.S. territory will participate in the biggest day of nominating contests in the presidential primary. Known as Super Tuesday, 874 Republican delegates will be up for grabs. Trump currnently has 244 delegates to Haley's 43.(Reuters)
2. US Supreme Court to issue ruling as Trump Colorado ballot case looms: The US Supreme Court plans to issue at least one ruling on Monday, the day before Colorado holds a presidential primary election in which a lower court kicked Republican frontrunner Donald Trump off the ballot for taking part in an insurrection during the 6 January 2021 US Capitol attack. (Guardian)
3. Calls mount to investigate killing of San Diego Jewish dentist as a hate crime: Benjamin Harouni allegedly shot dead by 29-year-old Mohammed Abdulkareem; multiple Jewish advocacy groups demand police look at antisemitism as motive; mayor vows to ‘get to truth’ (TimesOfIsrael)
-Regulatory and Legal-
1. China Issues Crypto Ban Warning as Interest in Bitcoin Surges: China’s government has reiterated its crypto ban policy, warning its citizens about the risks of investing in digital assets as interest in Bitcoin remains strong in the country. The latest warning comes after the Dalian Supervision Bureau of China Securities Regulatory Commission issued a similar stark reminder on February 20, urging Chinese nationals to enhance risk prevention awareness by “cautiously” avoiding crypto trading speculation. (DailyCoin)
2. U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales Are Securities Transactions: In an insider trading case involving Coinbase’s former product manager Ishan Wahi, his brother Nikhil Wahi, and their friend Sameer Ramani, a U.S. court ruled on March 1, that the trading of certain crypto assets on a secondary market, which Coinbase is, are securities transactions. (CoinDesk)
3. Binance Nigeria Standoff: Crypto Exchange's Top Executives Summoned by House of Representatives Committee: op executives from Binance have been summoned to appear before the Nigerian House of Representatives Financial Crimes Committee no later than March 4. Ginger Onwusibe, the committee’s chairperson, has warned of possible repercussions should Binance executives fail to comply with the request.(BitcoinCom)
-Institutional Concerns-
1. Bitcoin ETFs Surge, Toppling Silver and Looking Toward Gold: Recent data from HODL15Capital reveals a significant milestone for cryptocurrencies, as Bitcoin spot ETFs have surpassed Silver ETFs in terms of assets under management (AuM). (DailyCoin)
2. Bitcoin Spot ETFs Launched in Peru and Brazil: In Brazil, the iShares Bitcoin Trust ETF (IBIT39) is now available to trade on B3, one of the largest stock exchanges. According to a press release issued by the exchange, Ishares Bitcoin Trust (IBIT), Vaneck Bitcoin Trust (HODL), and Invesco Galaxy Bitcoin (BTCO) will be made available for Peruvian investors using BVL’s services. (Bitcoincom)
-Central Bank Digital Currencies (CBDC)-
NSTR
-Economic Indicators-
1. Turkish annual inflation soars to 67% in February: Persistently high inflation has been fueled by Turkey’s dramatically weakened currency, the lira, which is at a record low against the dollar. (CNBC)
2. Swiss vote to give themselves a bigger pension: Swiss voters have given themselves an extra month's pension each year - in a nationwide referendum focusing on living standards for the elderly. The government had warned that the increased payments would be too expensive to afford. But almost 60% of voters said 'yes' in Sunday's poll. Separately, 75% rejected raising the pension age from 65 to 66. The maximum monthly state pension is €2,550 (£2,180; $2,760) - not enough, many say, to live on in Switzerland. (BBC)
-Technological Updates-'
NSTR
-Security Incidents and Concerns-
1. Hong Kong SFC Warns Against Impersonated Crypto Exchanges: Today, the Securities and Futures Commission (SFC) of Hong Kong has issued a public alert, advising investors to exercise caution regarding dubious websites posing as authentic virtual asset trading platforms. Specifically, The SFC has identified two platforms: HSKEX, pretending to be Hash Blockchain Limited. Additionally, oslexu and oslint were flagged as impersonating OSL Digital Securities Limited. These websites replicate the branding and visual appearance of licensed platforms, potentially leading investors to believe they are engaging with legitimate entities. (CryptoTimes)
-Bitcoin Community-
1. Marathon’s Slipstream Mines Largest Bitcoin Block on Record: The block measured 3,990.36 kilobytes and was mined on March 2, containing a Runestone inscription. Runestones is a Bitcoin Ordinals project led by pseudonymous Ordinals collector LeonidasNFT, who has long been an advocate for Casey Rodarmor’s creation — the Bitcoin Ordinals protocol. (Unchained)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 82/100 (Up 2 pts)
Analyst Comments (AC): Some days the veil is lifted, allowing observers to see the clear distinctions between a fiat-denominated world and the rising strength of a Bitcoin standard. From Turkish Lira hyperinflation (67% last month), to the Swiss voting themselves higher pensions, to scams globally, it is easy to observe destructive policies and actions. Even Haley's win in DC is indicative of the swamp wanting a controllable puppet. Meanwhile, capital is flocking to Bitcoin, the world's only verifiable, unhackable monetary network. The dicotomy will continue to be obvious as BTC approaches new highs in US dollars.
Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 832,686
DTG/ICOD: 0800EST 01Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF:
Market Data: Price: 1 BTC= $62,388, 30.33 oz Gold, .14 Median US House
24hr Hi: $63,544 / Lo: $60,498
Vol: $52B (Down 42%)
Mkt Cap: $1.22T (Down 1%)
HashRate: 608 EH/s
Avg Fees: 7,187 sats/tx (Down 5%)
Nodes: 18,588
---Reports---
-International Events-
1. Navalny’s family and supporters are laying the opposition leader to rest after his death in prison: Hundreds of people said farewell to Alexei Navalny at a funeral Friday in Moscow under a heavy police presence, following a battle with authorities over the release of his body after his still-unexplained death in an Arctic penal colony. His supporters said several churches in Moscow refused to hold the service for the man who crusaded against official corruption and organized big protests as President Vladimir Putin’s fiercest political foe. Many Western leaders blamed the death on the Russian leader, an accusation the Kremlin angrily rejected. (AP)
2. Iran elections: Polls open in first elections since mass protests: Voting is under way in Iran as the country holds its first elections since the 2022 anti-government protests. Friday's elections are seen as a crucial test of legitimacy and national support for Iran's leadership - but a low turnout is expected. (BBC)
-US Events-
1. Alabama legislature passes bills to protect IVF after controversial court ruling: The Alabama legislature on Thursday passed legislation to protect patients and doctors involved with in vitro fertilization in the event that embryos are damaged or destroyed. Nearly all IVF treatments in Alabama were halted out of caution after the state's Supreme Court ruled that frozen embryos are children. The decision left Republicans facing huge blowback, with former President Trump even calling on Alabama lawmakers to act. The bill will go to Alabama Gov. Kay Ivey (R) to be signed into law.(Axios)
2. Former US diplomat pleads guilty to spying for Cuba for more than 40 years: Victor Manuel Rocha, 73, was charged with secretly passing information to the communist-run Cuban government since 1981 while working for the US state department. On Thursday, he changed his initial not guilty plea in a court in Miami. He is due to be sentenced at a hearing on 12 April. (BBC)
3. Calif: Panera Bread Owner Donated Over $164K To Newsom, Business Exempt From State’s New $20 Minimum Wage Law: Following the billionaire owner of Panera Bread restaurants making major financial contributions to the California governor, Gavin Newsom signed a bill exempting the food establishment from a new $20 minimum wage raise. Governor Newsom (D-Calif.) signed a bill into law in September that is meant to increase fast food employees’ minimum pay from $16 to $20 per hour.(OANN)
-Regulatory and Legal-
1. US Congress Advances Key Crypto Legislation For Institutional Adoption: The resolution, propelled by US Republicans Wiley Nickel and Mike Flood, seeks to leverage the Congressional Review Act to revoke what they deem an “unlawful rule.” The HSFC articulated their stance, stating, “The SEC’s Staff Accounting Bulletin 121 leaves consumers unprotected by deterring regulated banks from being digital asset custodians. US Republican Wiley Nickel and US Republican Mike Flood’s bipartisan resolution reverses this unlawful rule using the Congressional Review Act.” (Bitcoinist)
-Institutional Concerns-
1. Bank of America, Wells Fargo to Offer Spot Bitcoin ETFs to Clients: Two Wall Street wealth management giants, Bank of America’s Merrill Lynch and Wells Fargo, are adding spot bitcoin exchange-traded funds to their brokerage platforms, Bloomberg reported, citing people familiar with the matter. Morgan Stanley, might soon offer its clients exposure to the new products as well. (CoinDesk)
-Central Bank Digital Currencies (CBDC)-
1. Turkey’s two-tier CBDC to support programmable payments: Turkey’s central bank digital currency (CBDC) will support programmable payments and be offered through financial intermediaries. It will only support one account per user, which will be accessible through all financial institutions, the central bank has revealed. (CoinGeek)
-Economic Indicators-
1. The annual PCE (Personal Consumer Expeditures) inflation rate in the US slowed to 2.4% in January 2024, the lowest since February 2021, from 2.6% in the previous month, and matching market forecasts of 2.4%. (AC- Using pre-1990 measurements, the PCE would be in the ~5-6% range and using pre-1980 measurements, the PCE would be in the ~8-9% range -ShadowStats)
-Technological Updates-'
1. Elon Musk Sues OpenAI, Sam Altman for Breach of Contract: Musk alleges the ChatGPT maker and its CEO have prioritized profit over benefits to humanity. Musk, who helped found the ChatGPT maker in 2015, claims OpenAI’s close relationship with tech giant Microsoft goes against the company’s original commitment to public, open-source AI. (WSJ)
-Security Incidents and Concerns-
1. Hackers drained over $100m across 20 attacks in February, data shows: According to data compiled by PeckShield, hackers successfully executed 20 attacks against decentralized protocols in February, with the most significant breach occurring at PlayDapp, resulting in a loss of $36 million worth of crypto for the project.Data indicates that hackers typically transferred the stolen crypto to the sanctioned crypto mixer Tornado Cash, followed by exchange protocol eXch and the Bitcoin blockchain. (CryptoNews)
-Bitcoin Community-
1. Coinbase sees massive $1 billion Bitcoin withdrawal: The event, occurring on Mar. 1 during Asia trading hours, involved a transaction of approximately 16,000 BTC, or roughly $1 billion. (CryptoSlate)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 80/100 (Even)
Analyst Comments (AC): With the release of the official PCE (Personal Consumer Expenditures) data, which is the government's favorite measure of inflation, it seems an annualized rate of 2.6% is respectable according to modern economists. The PCE rate is always lower than CPI (Consumer Price Index) and both strip out food and energy. While both use a basket of goods that try to smooth over volatility, the current measures are, by any standard, suspect and highly manipulated. Any search on the internect for "real inflation" will quickly reveal the information warfare around this key, policy-driving metric. Even using the older, official, pre-1990 BIS measurements, real inflation is somewhere in the 6-8% range for a normal consumer in the US at this time.
Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 832,539
DTG/ICOD: 0800EST 29Feb24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Dozens Killed in Gaza Food Aid Distribution / SCOTUS to Hear Trump Immunity Case / Texas Fire Continues / BTC ETFs See Highest Inflows Yet / Coinbase Outage Has Customers on Edge
Market Data: Price: 1 BTC= $62,639, 30.87 oz Gold, .15 Median US House
24hr Hi: $63,913 / Lo: $59,358
Vol: $91B (Up 90%)
Mkt Cap: $1.23T (Up 6%)
HashRate: 549 EH/s
Avg Fees: 8,613 sats/tx (Down 50%)
Nodes: 18,316
---Reports---
-International Events-
1. Conflicting reports in Gaza: Hamas health officials claimed more than 70 Palestinians waiting for humanitarian aid in Gaza City were killed by Israeli forces. The IDF says that as humanitarian aid was being delivered to the northern Gaza Strip, a “violent gathering” erupted surrounding the trucks, during which Palestinians looted the equipment. (TimesOfIsrael) Meanwhile (AlJazzerra) reports: ‘Massacre’: Dozens killed by Israeli fire in Gaza while collecting food aid. Desperate residents under Israeli attack while trying to get flour for families as famine stalks the strip.
2. Several killed in attack on Chad's intelligence services office in capital, says government: An attack on the office of Chad's ANSE internal security agency in the capital N'Djamena has killed several people, the government said Wednesday. Blame for the overnight assault rests on activists from the opposition Socialist Party Without Borders (PSF), headed by Yaya Dillo (France24)
3. Many in Iran are frustrated by unrest and poor economy. Parliament elections could see a low turnout: Iran is holding parliamentary elections this Friday, yet the real question may not be who gets elected but how many people actually turn out to vote. Widespread discontent over the cratering economy, years of mass protests rocking the country, and tensions with the West over Tehran’s nuclear program and Iran’s support for Russia in its war on Ukraine have many people quietly saying they won’t vote in this election. (AP)
-US Events-
1. Supreme Court to hear Trump's criminal immunity claim, further delaying Jan. 6 trial: The justices said in an order issued Wednesday that they will take up the question in oral arguments during the week of April 22 -- which further delays Trump's prosecution, already paused while he has been pressing his immunity appeal in the lower courts. (ABC)
2. Illinois judge removes Trump from state ballot, citing 'insurrectionist ban': On Wednesday, Cook County Circuit Judge Tracie Porter sided with voters who argued that the former president should be disqualified from the state’s 19 March primary ballot and the 5 November general election ballot for violating the anti-insurrection clause of the US Constitution’s 14th Amendment. However, Judge Porter delayed her ruling from taking effect in light of an expected appeal by the former president. (IndependentUK)
3. Texas battles second-biggest wildfire disaster in state history: A rapidly spreading Texas wildfire has killed one person, forced residents to evacuate, cut off power to homes and businesses, and briefly paused operations at a nuclear weapons facility. The fire has burned 850,000 acres of land north of the city of Amarillo. Texas Governor Greg Abbott issued a disaster declaration for 60 counties. (BBC)
-Regulatory and Legal-
1. U.S. Government Crypto Wallets Transfer Nearly $1B of Bitcoin Seized From Bitfinex Hacker: Wallets containing bitcoin seized by the U.S. government in the notorious Bitfinex hack – later leading to guilty pleas for Ilya Lichtenstein and Heather "Razzlekhan" Morgan – have suddenly become active. Nearly $1 billion has been transferred from wallets tagged in the case to unidentified addresses, in a series of four transactions in less than two hours' time. The motive or purpose of the transactions isn't clear; the U.S. government didn't immediately reply to CoinDesk's request for comment. (CoinDesk)
-Institutional Concerns-
1. Spot Bitcoin ETFs record new ATH of $680M as BTC bull run gathers pace: Spot Bitcoin ETFs raked in nearly $680 million worth of investments. Out of the 10 players approved by the U.S. Securities and Exchange Commission, the daily inflows are attributed to five — iShares Bitcoin Trust ($612.1 million), Fidelity Wise Origin Bitcoin Fund ($245.2 million), Bitwise Bitcoin ETF ($9.9 million), ARK 21Shares Bitcoin ETF ($23.8 million) and WisdomTree Bitcoin ETF ($2.2 million). (CoinTelegraph)
2. Coinbase says services restored after outage affects trading accounts: Coinbase Global said on Wednesday that all services on its website have been restored after an issue earlier in the day caused some users to see zero balance across their accounts. "Very few customers may still see an inaccurate balance on their account. Our team is working on resolving this display issue for these users," the crypto exchange added in a post on social media platform X. (Reuters)
3. Morgan Stanley Evaluating Spot Bitcoin ETFs for Its Giant Brokerage Platform: Wall Street giant Morgan Stanley is in the midst of performing due diligence to add spot bitcoin ETF products to its brokerage platform, according to two people with knowledge of the matter. (CoinDesk)
-Central Bank Digital Currencies (CBDC)-
1. Hong Kong Will Expand Its Chinese CBDC Pilot: The government aims to allow more residents to top up their e-CNY wallets through the local Faster Payment System (FPS). The Hong Kong Monetary Authority (HKMA) has also been involved in the mBridge CBDC project for wholesale cross-border payments. (Decrypt)
-Economic Indicators-
1. Various economic reports are due today: Producer index and jobs data this morning.
-Technological Updates-'
NSTR
-Security Incidents and Concerns-
1. Crypto exchange Gemini to pay $1.1 billion back to customers: Gemini Trust, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, will return at least $1.1 billion to customers of its now shuttered lending program, following a settlement with a New York regulator. Gemini will also pay a $37 million fine to the regulator “for significant failures that threatened the safety and soundness of the company,” (CNN)
-Bitcoin Community-
NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 80/100 (Down 2 pts)
Analyst Comments (AC):
Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 832,407
DTG/ICOD: 0800EST 28Feb24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: China Continues Clampdown on Hong Kong / Fires in Texas / US Gov Shutdown Looms / IRS Ramping Up for Crypto / MSTR Continues Buying / Strike App Moves into Africa
Market Data: Price: 1 BTC= $59,397, 29.27 oz Gold, .14 Median US House
24hr Hi: $59,489 / Lo: $56,329
Vol: $48B (Down 9%)
Mkt Cap: $1.17T (Up 4%)
HashRate: 609 EH/s
Avg Fees: 16,211 sats/tx (Up 6%)
Nodes: 18,320
---Reports---
-International Events-
1. Macron raises prospect of sending Western troops to Ukraine: The French president hasn't ruled out the deployment of Western soldiers to Ukraine. His comments have sparked debate among allied Western countries, with Germany categorically rejecting the idea.
2. Hong Kong’s plan for a new national security law deepens fears over eroding civil liberties: Critics say the legislation will make Hong Kong’s legal system increasingly similar to that of mainland China, but the government argues it will affect only a “small minority” of disloyal residents.
-US Events-
1. Texas Panhandle Fires Burn Structures, Close Nuclear Facility: The largest fire is called the Smokehouse Creek Fire. It has burned nearly 400 square miles, according to the Texas A&M Forest Service, since being reported late Monday afternoon in Hutchinson County, about 35 miles northeast of Amarillo. The cause of the fire is unknown. (WeatherChannel)
2. A partial government shutdown is days away. There’s no agreement on federal funding yet: Schumer said it’s likely Congress will need to approve another continuing resolution, or CR, to avoid a partial government shutdown. Stopgap spending bills continue the prior fiscal year’s funding levels and policy until Congress reaches agreement on full-year spending bills. (CONewsline)
-Regulatory and Legal-
1. IRS Brings Crypto Veterans Aboard to Guide Tax Regulations: IRS hires former Binance.US and TaxBit executives to enhance crypto compliance and enforcement efforts. (BeInCrypto)
-Institutional Concerns-
1. MicroStrategy Bought $1.55 Billion in $BTC Over Past Ten Days: The company’s latest filing with the U.S. SEC revealed the purchase of nearly 3,000 Bitcoins for approximately $155.4 million between February 15 and 25. This move propelled MicroStrategy’s total Bitcoin holdings to an impressive 193,000, which it acquired for an average of $31,544 each – around $6.09 billion in total.
-Central Bank Digital Currencies (CBDC)-
1. Federal Reserve explores the impact of CBDC on dollar dominance: A recent paper by the Fed concludes that a CBDC would have no material impact on dollar dominance but adds a critical caveat “in the absence of large geopolitical changes separate from CBDC issuance.” The potential benefits of introducing a CBDC can be achieved by other payment system improvements that are already in progress. (LedgerInsights)
-Economic Indicators-
1. US Mortgage Applications Fall to 3-Month Low: Mortgage applications in the US sank by 5.6% on the week ending February 23rd, extending the year-high 10.6% plunge in the previous period to the lowest since November 2023. Mortagage rates remained above 7%. (TradingEconomics)
-Technological Updates-'
NSTR
-Security Incidents and Concerns-
1. Matthew Perry’s X Account Hacked by Crypto Scammers: The X account of the late American actor had allegedly been hacked. The targeted website, however, was just a donation page designed to scam his memorial fund. (CryptoTimes)
2. Man Who Laundered Billions in Bitcoins Says Bitcoin Fog Was a Help: Ilya Lichtenstein, one of the crypto industry's most high-stakes criminals, is now helping federal prosecutors in their case against Bitcoin Fog, one of the mixing services he said he'd used to conceal assets. Lichtenstein is known for the multi-billion Bitfinex hack of bitcoins worth $3.6 billion when he pleaded guilty to money laundering last year. (TradingView)
-Bitcoin Community-
1, Argentina Leads Crypto Adoption in Latam: Argentina is leading the adoption of cryptocurrency in Latin America. According to a report by Lemon, a leading exchange in the country, four of every ten cryptocurrency apps in Latam are being used by Argentines, with over 70% of the deposits processed by the exchange corresponding to USDT, Tether’s dollar-pegged stablecoin. (Bitcoincom)
2. Bitcoin Miner Riot Acquires 31,500 'Next Generation' M60S Mining Machines Worth $97.4 Million: Bitcoin miner Riot Platforms Inc. said it expects to take delivery as well as deploy 31,500 Whatsminer M60S miners worth $97.4 million by the end of July 2024. The addition of the new bitcoin mining machines is projected to increase the “self-mining” hashrate capacity of Riot’s Rockdale Facility to 15.1 EH/s. (Bitcoincom)
3. Strike CEO Jack Mallers Announces Expansion of Services into Africa: Strike Africa will now be available in Gabon, Ivory Coast, Malawi, Nigeria, South Africa, Uganda, and Zambia, with plans for further expansion in the future. With this expansion, Strike aims to address the unique financial challenges faced by many African countries, including high inflation rates, devaluing currencies, and expensive remittance services. (BitcoinMagazine)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 82/100 (Up 3 pts)
Analyst Comments (AC): As BTC approaches a new all-time high, not all attention will be positive. One headline today championed "Missed Out On Recent Market Pumps? Here Are 4 Coins Primed To Pump Next", which plays on the FOMO inherent in investor psychology to separate people from the fruits of thier labor. The IRS also is seeking to get it's "fair share" by hiring former crypto execs to ensure enforcement actions. Vigilance and work are required to maintain one's store of value and protect against those seeking to take by force or guile. Plan and protect accordingly.
Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
When a US Senator disparages US veterans… View quoted note →
I must be the dumbest dude here, how do I change my profile pic?