Subnostr

Bitcoin Veterans 1y ago

BTC Daily Intelligence Bulletin (DIB)

Block: 827,963

DTG/ICOD: 0800EST 29Jan24

Precedence: Routine (RR)

Controls: Public Release

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BLUF: Iran kills 3 US troops in Jordan / French Farmers Continue Revolt / Biden and Congress Working on Immigration Deal / Inflation down to 2.6% / Coinbase to hit 1M BTC in Custody

Market Data: Price: 1 BTC= $42,146, 20.74oz Gold

24hr Hi: $42,509 / Lo: $41,696

Vol: $14.7B (Up 1%)

Mkt Cap: $825.3B (Down .7%)

HashRate: 594 EH/s

Avg Fees: 10,679 sats/tx (Down 19%)

Nodes: 15,438

---Reports---

-International Events-

1. Biden says US ‘shall respond’ after drone strike by Iran-backed group kills 3 US troops and injures 30+ in Jordan: President Joe Biden said Sunday that the U.S. “shall respond” after three American troops were killed and dozens more were injured in an overnight drone strike in northeast Jordan near the Syrian border. Biden blamed Iran-backed militias for the first U.S. fatalities after months of strikes by such groups against American forces across the Middle East since the start of the Israel-Hamas war. (AP)

2. Farmer Revolution: Blockade of Paris Announced as Farmers Reject Government’s ‘Concessions’: After a week of shutting down motorways across the country, forcing politicians of all stripes to come to meet them on their turf, the farmer uprising is set to descend upon the French capital as they were unimpressed by the compromises proposed by newly-installed Prime Minister Gabriel Attall. (Breitbart)

-US Events-

1. Biden and senators on verge of striking immigration deal aimed at clamping down on illegal border crossings: After weeks of closed-door negotiations, the White House and a trio of senators could unveil an agreement as early as this week, the sources said, requesting anonymity due to the private nature of the conversations. The bill is designed to reduce the unprecedented levels of illegal crossings recorded along the southern border in the past three years. (CBS)

-Regulatory and Legal-

1. Regulatory Clampdown — Alaska and Florida Order Binance US to Cease Operations: A recent report indicates that regulatory authorities in Alaska and Florida have prohibited Binance US from operating within their jurisdictions. This development comes in the wake of Binance, along with its previous CEO Changpeng Zhao, reaching a plea agreement with the U.S. government. (Bitcoincom)

-Central Bank Digital Currencies (CBDC)-

1. Robert F. Kennedy Jr pledges to end US efforts to move toward CBDC: Robert F. Kennedy Jr., the first presidential candidate to accept Bitcoin for campaign donations, joins his competitor, Donald Trump, in promising to fight the development of a central bank digital currency in the United States. (Mercola Podcast)

-Institutional Concerns-

1. Bitcoin ETFs in and Around Asia After U.S. Approvals? Analysts Are Optimistic About Momentum: Now that the U.S. has allowed nearly a dozen products to launch, other countries like the U.K., Hong Kong, Singapore and Japan could introduce policies “to prevent large and medium-sized financial institutions from transferring their funds out” of their regions, said Ryan Lee, Chief Analyst at Bitget Research. (CoinDesk)

-Economic Indicators-

1. Cooler Inflation Keeps Door Open for Rate Cuts This Year: The Fed’s preferred inflation measure, the personal-consumption expenditures price index, rose 2.6% in December from a year earlier, the Commerce Department said Friday, well below the 5.4% increase at the end of 2022. Core prices, which exclude volatile food and energy costs, rose 2.9% on the year, the smallest year-over-year increase since March 2021. (WSJ)

-Technological Updates-

NSTR

-Security Incidents and Concerns-

1. Crypto karaoke platform hacked for over $11.5m: The South Korean karaoke blockchain platform Somesing lost access to 730 million SSX tokens worth $11.58 million due to a hack. (cryptonews)

-Bitcoin Community-

1. Coinbase Nears Historic 1 Million Bitcoin Milestone Amid Rise in Reserves and ETF Activity: Coinbase Global is on the brink of holding 1 million bitcoins, requiring just an additional 5,019 bitcoins to cross this significant milestone. In the preceding fortnight, Coinbase has witnessed its bitcoin reserves grow by 16,404 bitcoins, inching closer to this noteworthy threshold. (Bitcoincom)

-Bitcoin Sentiment-

1. Fear(0)/Greed(100) Index: 55/100 (Up 6 pts)

Analyst Comments (AC): After weeks of lashing out across the MidEast, Iran has opened a new front against the US in Jordan, this time killing 3 and injuring over 30 servicemen. War hawks in Congress are calling for strikes against Iran while others are calling for worldwide retreat of US forces. What is clear, is that most Americans are tired of ambiguous conflicts and wars across the globe. Iran may sense this, attempting to bleed the US of money, flesh and willpower. It is unknown how the Biden administration will act against the provocations, but with the election year upon us, politics will drive the decision.

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