BTC Daily Intelligence Bulletin (DIB)
Block: 891,777
DTG/ICOD: 1200Z 10Apr2025
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: US, EU Pause Tariffs / Spain Looks To China For Trade / SECDEF in Panama to Deter China / NJ Police Prohibited in Helping ICE / Trump EOs Target Defense Industry / Unemployment Claim Fraud Revealed / Paul Atkins Confirmed to Lead SEC / ECB Wants to Rush CBDC / Sweden Considers Bitcoin For Reserve / Pakistan Talks to Bitcoin Miners for Stranded Energy / Tariff Negotiations Lead to Stocks, Bitcoin, Bonds Volatility / Senate Looks at New NSA Nominee / Will Signal Switch to Bitcoin Payments? / Lawsuit Seeks Fed Data on Satoshi / Block Gives Open Source Tools For BTC Reserves
Market Data: Price: 1 BTC= $81,534, 26.17 oz Gold, .19 Median US House
24hr Hi: $83,541 / Lo: $76,000
Vol: $68B (Up 11%)
Mkt Cap: $1.61T (Up 7%)
HashRate: 909 EH/s
Avg Fee Rate: 3 sats/vBtye (Up 50%)
---Reports---
-International Events-
1. European Union to put countermeasures to U.S. tariffs on hold for 90 days: The European Union will pause the adoption of its retaliatory tariffs on a swathe of U.S. goods for 90 days, European Commission President Ursula von der Leyen said, a day after the White House issued a reprieve on most of its own levies. (GroundNews)
2. Spain pushing for EU pivot to China to counter Trump tariffs: Spanish Prime Minister Pedro Sanchez’s trip to see President Xi Jinping will offer a chance to swap notes on a common problem: how to respond to an increasingly unreliable United States. (FinancialPost)
3. Pentagon Chief In Panama Vows To Counter China 'Threat': "Make no mistake, Beijing is investing and operating in this region for military advantage and unfair economic gain," Hegseth said. But together, we must prevent war by robustly and vigorously deterring China's threats in this hemisphere," he said. (IBTmes)
-US Events-
1. NJ Gov. Orders Local Police to Stop Working with Immigration Officials: The orders came from New Jersey Governor Phil Murphy and New Jersey Attorney General Matt Platkin. (Breitbart)
2. Defense acquisition, exports, and shipbuilding figure in trio of new executive orders: The acquisition order aims to “reform our antiquated defense acquisition processes with an emphasis on speed, flexibility, and execution". A second order aims to bolster U.S. arms exports by reducing regulation and aims to streamline the rules involved in “developing and executing” foreign defense sales. Another order, “Restoring America’s Maritime Dominance,” aims to “revitalize and rebuild domestic maritime industries and workforces, (DefenseOne)
3. Unemployment Claims: $382M in Questionable Payments: An investigation into Unemployment Insurance claims since 2020 has revealed significant discrepancies, including claims made by individuals over 115 years old, children between 1 and 5 years old, and even individuals with birth dates in the future. The Department of Government Efficiency reported that 24.5 thousand people over 115 years old claimed $59 million in benefits, 28 thousand children aged 1-5 claimed $254 million. (X)
-Regulatory and Legal-
1. Paul Atkins Confirmed As SEC Chair, Plans to Reform Digital Assets Policy: Paul Atkins, confirmed as SEC chair, aims to reform digital assets policy. The agency, under Biden, faced backlash for suing major crypto companies. Atkins plans a different crypto approach. (Decrypt)
-CBDCs/World Currencies/Strategic Reserves-
1. ECB Exec Renews Push For Digital Euro To Counter US Stablecoin Growth: ECB executive board member Piero Cipollone has penned another article highlighting concerns over the growing popularity of US dollar stablecoins, arguing that launching a CBDC could help preserve the eurozone’s monetary sovereignty. A potential digital euro “would limit the potential for foreign currency stablecoins to become a common medium of exchange within the euro area,” Cipollone wrote. (ZeroHedge) (AC-Some do understand the impending loss of fiat monetary power, even if they do not understand the much more powerful monetary shift that are not stablecoins.)
2. Sweden Discusses Possibility of Including Bitcoin in Foreign Reserves: Rickard Nordin, a member of the Swedish Parliament introduced the benefits that holding a part of the country’s reserves in bitcoin would offer, stating that “its monetary properties are comparable to those of gold, especially in a time of increasing geopolitical and economic uncertainty.” (BitcoinCom)
-Institutional Concerns-
1. Pakistan plans to fuel bitcoin mining with surplus electricity: Pakistan is considering using surplus electricity to power its bitcoin mining and AI data centers, and there have already been talks with several mining firms. The plan is expected to help the country overcome the challenge of having leftover energy amid high electricity tariffs and the expansion of alternative energy sources. (TheBlock)
-Economic Indicators-
1. Donald Trump’s tariff pause sparks huge short liquidations and insider trading probe: The surge followed President Donald Trump’s sudden decision to pause tariffs for 90 days on most countries, excluding China. After a week of heavy selling, this move sparked a swift rebound in risk assets, including stocks and crypto. Just hours before the tariff pause, Trump posted an unusually bullish message on his Truth Social account, saying: “THIS IS A GREAT TIME TO BUY!!! DJT.” (CryptoSlate)
2. US 10-Year Yield Eases as Tariff Relief Calms Markets: The yield on the US 10-year Treasury note fell to around 4.28% on Thursday, down from a peak of 4.5% in the previous session, as President Trump announced a pause on many of the new tariffs introduced this week. (TradingEconomics)
3. US Stocks Skyrocket as Trump Announces 90-Day Tariff Pause: US stocks soared on Wednesday after President Donald Trump announced a 90-day pause on many of his new tariffs, causing a major market rally. The S&P 500 skyrocketed 9.5%, marking its biggest gain in five years, the Dow Jones rallied 2,960 points, or 7.9%, its biggest gain since 2020, while the Nasdaq jumped 12.1%, its largest one-day jump since 2001. (TradingEconomics)
-Security Incidents and Concerns-
1. New US Cyber Command, NSA chief glides in first public appearance: U.S. senators on Wednesday took a light touch with the acting head of U.S. Cyber Command and the NSA, as lawmakers on both sides of the aisle expressed bewilderment over the firing of his predecessor less than a week ago. Army Lt. Gen. William Hartman faced largely boilerplate questions during a hearing. (TheRecord)
-Technology and Science-
1. Jack Dorsey pushes Signal to adopt Bitcoin payments: Dorsey’s call to action was echoed by other industry leaders, including former PayPal president David Marcus, who wrote that “all non-transactional apps should connect to Bitcoin.” The messenger currently offers in-app payments in MobileCoin (MTCN), a privacy-focused ERC-20 token, which rebranded to Sentz in November 2023. (CoinTelegraph)
2. ShareRing's Self-Sovereign Identity Platform to Be Tested With Australian School Students: ShareRing, a Melbourne-based blockchain firm, will pilot a self-sovereign identity platform with school students in Darwin to test age verification for social media restrictions. The technology aims to address privacy concerns by allowing users to control their personal data securely. (Decrypt)
-Bitcoin Community-
1. Feds Know Satoshi? Lawsuit Demands DHS Release Hidden Bitcoin Founder's Interview: A high-stakes lawsuit demands the U.S. government release buried documents revealing bitcoin’s true creators, after claims of a secret DHS interview with Satoshi Nakamoto. (BitcoinCom)
2. Jack Dorsey’s Block Launches Open Source Tools to Simplify Bitcoin Treasury Management: Block unveils a real-time Bitcoin dashboard and pricing API for corporate treasuries, aiming to lower the operational barrier for companies managing digital assets. (BitcoinMag)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 39/100 (Up 21 pts)
Analyst Comments (AC): NSTR
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report