Subnostr

Bitcoin Veterans 2y ago

BTC Daily Intelligence Bulletin (DIB)

Block: 826,411

DTG/ICOD: 0800EST 19Jan24

Precedence: Routine (RR)

Controls: Public Release

QQQQ

__________________________

BLUF: Netanyahu says 'No More Palestine State' / North Korea Nukes Some Fish / US Congress Kicks Spending Plan Down the Road / Stablecoins Overtake BTC in Illicit Transactions

Market Data: Price: 1 BTC= $41,320, 20.30oz Gold

24hr Hi: $42,765 / Lo: $40,631

Vol: $26.6B (Up 33%)

Mkt Cap: $809B (Down 2.6%)

HashRate: 557 EH/s

Avg Fees: 17,401 sats/tx (Up 18%)

Nodes: 17,009

---Reports---

-International Events-

1. Netanyahu publicly rejects US push for Palestinian state: Israeli Prime Minister Benjamin Netanyahu says he has told the United States that he opposes the establishment of a Palestinian state once the conflict in Gaza comes to an end. In a news conference, a defiant Mr Netanyahu vowed to press on with the offensive in Gaza "until complete victory": the destruction of Hamas and return of the remaining Israeli hostages, adding that it could take "many more months". (BBC)

2. N. Korea conducts test of underwater nuclear weapons system--KCNA: The test of the “Haeil-5-23” system, a name North Korea has given to its nuclear-capable underwater attack drones, was carried out by the defense ministry’s think tank in the waters off its east coast. The US and South Korea are currently conducting wargames near the Korean pennisula. (AsahiShimbun)

-US Events-

1. U.S., Mexican officials to resume talks on stemming migrant surge at D.C. meeting: Secretary of State Blinken and Homeland Security chief Mayorkas will meet with Mexican officials on Friday. Border numbers have recently dropped from record highs. (NBC)

2. House Passes Pelosi-Schumer Continuing Resolution, Averting Shutdown Fears Until March: The House passed a short-term spending extension only hours after the bill cleared the Senate, pushing the next shutdown threat to March and surrendering Republican leverage on enacting a border security package. (Breibart)

-Regulatory and Legal-

1. Crypto Exchange Gemini Secures Registration in France — Now Operational in Over 70 Countries: Cryptocurrency exchange Gemini is now registered as a digital asset service provider in France. The crypto firm explained that following the launch of its EU headquarters in Ireland in 2022, “Gemini is now operational in more than a dozen EU countries and more than 70 countries worldwide, with more countries on the roadmap.” (Bitcoincom)

-Central Bank Digital Currencies (CBDC)-

1. Davos Crypto Panel Backs CBDCs, Rejects Dogecoin; Ripple CEO Says 'I Don't Get It' (Investingcom)

-Institutional Concerns-

1. No More Than 50% Chance of Spot Ether ETF Approval By May, JPMorgan Says: Lawsuits against crypto exchanges offering staking services for proof-of-stake blockchains, including Ethereum, make approval of a spot ether ETF more challenging until these cases are resolved, the investment bank said. (CoinDesk)

2. Bitcoin Instantly Topped Silver in ETF Market and Trails Only Gold Among Commodities: The newly launched bitcoin exchange-traded funds already have nearly $30 billion in assets under management. Silver ETFs only have $11 billion (CoinDesk)

-Economic Indicators-

NSTR

-Technological Updates-

NSTR

-Security Incidents and Concerns-

1. Illicit crypto transactions fall to $24.2 billion in 2023: Illicit crypto addresses received a total of $24.2 billion in 2023, a decrease from the $39.6 billion recorded in 2022, according to Chainalysis. The report reveals a significant shift in illicit crypto transactions, with stablecoins emerging as the primary medium in 2023, overtaking Bitcoin. Despite the rise of stablecoins, Bitcoin continues to be predominantly used in specific illegal activities, including darknet market sales and ransomware extortion. (Cryptopolitan)

Reply to this note

Discussion