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Bitcoin Veterans 2y ago

BTC Daily Intelligence Bulletin (DIB)

Block: 825,887

DTG/ICOD: 0800EST 15Jan24

Precedence: Routine (RR)

Controls: Public Release

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BLUF: Trump in Commanding Lead as Iowa begins voting today for Caucus / Houthi fires missiles at US warship / 2 SEALs missing near Somalia / WEF Davos kicks off today

Market Data: Price: 1 BTC= $42,600, 20.8oz Gold

24hr Hi: $42,996 / Lo: $41,705

Vol: $20.7B (Up 40%)

Mkt Cap: $834.5B (Down .6%)

HashRate: 431 EH/s

Avg Fees: 28,132 sats/tx (Up 127%)

Nodes: 16,565

---Reports---

-International Events-

1. Houses set alight as lava from volcano eruption reaches Icelandic town: Seismic activity intensified overnight near Grindavík, the fifth eruption on the Reykjanes peninsula in two years. Houses have caught fire in the fishing town of Grindavík in south-west Iceland after a volcano erupted for the second time in less than a month.(Guardian)

2. Houthi rebels fire missile at US warship in Red Sea in first attack after American-led strikes: Yemen’s Houthi rebels fired an anti-ship cruise missile toward an American destroyer in the Red Sea but a U.S. fighter jet shot it down in the latest attack roiling global shipping amid Israel’s war with Hamas in the Gaza Strip, officials said.(AP)

3.China, North Korea aggression drives record Japanese military spending splurge: Over the past month, Japan has faced increased Chinese aggression toward Japanese territory and yet another North Korean missile launch into the Sea of Japan. Cognizant of the challenges it faces, Japan has pushed forward to bolster its national security through increased defense spending, engaging in closer cooperation with the U.S. and South Korea and eliminating a ban on lethal weapons exports.(Fox)

-US Events-

1. As Iowa Prepares to Vote, Focus Is on Who Places Second to Donald Trump: Voters in this state will start the 2024 Republican presidential nomination balloting Monday evening when they head to precinct caucus meetings in frigid weather that could reduce turnout for a race that former President Donald Trump has dominated. Latest poll has Trump at 48%, Haley at 20% and Desantis at 16%. (WSJ)

2. 2 Navy SEALs missing off Somalia coast were on a nighttime boarding mission: Two U.S. Navy SEALs are missing off the coast of Somalia after having fallen into the water during a nighttime boarding mission on Thursday, according to two U.S. officials. The officials said that the SEALs had fallen into the water one after the other during the boarding of a vessel by boat in the Gulf of Aden.(ABC)

-Regulatory and Legal-

1. Cryptocurrency Rights Bill Lands in Indiana: A cryptocurrency bill that guarantees the non-intervention of the state government of Indiana in cryptocurrency self-custody, mining, validation, and other issues was recently introduced by Rep. Heath VanNatter in the Indiana General Assembly.(Bitcoincom)

2. Renter pays Landlord in BTC: In Rosario, the third most populated city in Argentina, a local landlord and a tenant have sealed a rental agreement where the latter will pay monthly rent in Bitcoin. According to a report in the local newspaper Paginal 12, The contract is the first of its kind in Argentina, made possible by recent law amendments by the new Milei presidential administration.(CoinTelegraph)

-Central Bank Digital Currencies (CBDC)-

1. Russian’s fearmonger that digital ruble will be compulsory for pensions: Russia’s digital ruble trials started in July 2023 and it will soon be possible for citizens to request to receive their pension and other social payments in digital rubles. A report on the blogging platform DZen stoked fears that receiving pensions and state salaries in the central bank digital currency (CBDC) will become compulsory. In contrast, the head of the central bank emphasized that the use of the CBDC is voluntary. In related news, the first ATM-based digital ruble withdrawal has launched.(LedgerInsights)

-Institutional Concerns-

1. Bitcoin’s Wall Street Debut Ends in Tears for Futures Traders, Leads to $83M Liquidations: Bitcoin ETFs clocked up some $4.6 billion in volumes on their first day, but market volatility hit futures speculators as prices whipsawed.(CoinDesk)

2. Blackrock’s Spot Bitcoin ETF Now Holds 11,439 BTC: Blackrock’s spot bitcoin exchange-traded fund (ETF) has acquired 11,439 bitcoin, with a market value of nearly $500 million, within two days of trading on the Nasdaq stock exchange. Blackrock’s Ishares Bitcoin Trust was among the 11 spot bitcoin ETFs approved by the U.S. SEC this week.(Bitcoincom)

-Economic Indicators-

1. World Economic Forum for 2024 in Davos kicks off: This year’s edition of the World Economic Forum’s (WEF) annual meeting starts Monday, with many business leaders, heads of state and others expected to engage with each other. The WEF in Davos will run a slew of sessions for attendees under an overarching "Rebuilding Trust" theme.(FoxBusiness)

-Technological Updates-

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-Security Incidents and Concerns-

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-Bitcoin Community-

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-Bitcoin Sentiment-

1. Fear(0)/Greed(100) Index: 52/100 (Down 19 pts)

Analyst Comments (AC): The WEF's Davos meeting is the emobodiment of centralization of power in the world, and warrants continued monitoring as narratives and networks created here influence every global citizen. No where else can you see heads of state, business leaders and policy makers come together to unite in planning to aggregate political, economic, military and discursive power. Bitcoin and its threat to centralized economic power will certainly be a topic of discussion.

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