BTC Daily Intelligence Bulletin (DIB)
Block: 900,773
DTG/ICOD: 1200Z 11Jun2025
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: US-China Trade Talks Reach Consensus / Israeli Navy Hits Yemen Port / FEMA to be Wound Down / LA Mayor Declares Small Area Curfew / Musk Expresses 'Regret' for Posts / Russia to Fine Solo Crypto Miners / Stablecoin CLARITY Act Heads to House / Connecticut Bans Government Crypto Involvement / Ukraine to Vote on Crypto Reserves / CPI Data Today / Courts to Settle 23&Me Genetic Data Debate / Predator Drone Seen Over LA / SpaceX Delays ISS Crew Launch / Bitcoin Nodes for Economic Purposes
Market Data: Price: 1 BTC= $109,302, 32.77 oz Gold, .25 Median US House
24hr Hi: $110,380 / Lo: $108,367
Volume: $51B (Down 10%)
Mkt Cap: $2.17T (Even)
HashRate: 903 EH/s
Avg Fee Rate: 3 sats/vBtye (Up 200%)
---Reports---
-International Events-
1. US-China talks end with plan for Trump and Xi to approve: The US and China say they have agreed in principle to a framework for de-escalating trade tensions between the world's two biggest economies. US Commerce Secretary Howard Lutnick said the deal should result in restrictions on rare earth minerals and magnets being resolved. (BBC)
2. Israeli navy attacks rebel-held Yemeni port city of Hodeida, a first in the conflict: Israel’s navy attacked docks in Yemen’s rebel-held port city of Hodeida on Tuesday, launching its first seaborne assault against the Iranian-backed Houthi rebels while warning more could come. The Israeli military said missile boats carried out the attack. (AP)
-US Events-
1. Trump says FEMA to be wound down after hurricane season: The FEMA Review Council, created by Trump, will lead reforms to shift disaster response funding directly to the president’s office and reduce FEMA's role. The disaster relief fund holds $13 billion expected to last through September 30, while the White House requested $26 billion for next fiscal year disaster funding. (GroundNews)
2. LA Mayor Declares Local Emergency, Issues A Curfew For Downtown Los Angeles: LA mayor Karen Bass announced that a curfew will be put into effect for one square mile of downtown Los Angeles following four nights of violent, chaotic protests and looting, during which the LAPD arrested more than 150 people. (ZeroHedge)
3. Elon Musk Expresses ‘Regret’ for Posts About Trump — ‘They Went Too Far’: A contrite Elon Musk said he is sorry Wednesday for recent social media posts about President Donald Trump and expressed remorse for his actions. (Breitbart)
-Regulatory and Legal-
1. Russia to Fine Illegal Crypto Mining – Penalties Up to 2M Rubles ($25K): For individuals, participation in mining without meeting the established requirements will result in a fine of 100,000 to 200,000 rubles and the confiscation of the mined tokens. Penalties will also affect the field of settlements. Any use of digital currency as a means of payment outside experimental legal regimes will entail fines. (BitcoinSensus) (AC-The action signals the establishment of a Russian 'crypto' centralization for the purposes of dismantling the USD leadership. Economic freedom of citizens is not a priority.)
2. Crypto Regulation Clarity Act Heads to House Floor for Vote: The Digital Asset Market Clarity Act has passed through two House committees, with bipartisan support, and is now set for a full floor vote. The bill aims to redefine crypto regulation in the U.S., shifting oversight powers from the SEC to the CFTC. (Decrypt)
-CBDCs/World Currencies/Strategic Reserves-
1. Connecticut Bans Government Crypto Investments: Connecticut prohibits state and local governments from holding or accepting crypto. The new law, set to take effect in October 2025, blocks state and local authorities from buying, holding, or accepting digital assets. (Blockonomi) (AC- TDS reaction?)
2. Crypto asset reserve bill lands in Ukraine’s parliament: Although the bill would allow the National Bank of Ukraine to acquire crypto assets like Bitcoin as part of state reserves, it would not require the bank to do so. (CoinTelegraph)
-Institutional Concerns-
NSTR
-Economic Indicators-
1. US 10-Year Yield Steady Ahead of Inflation Data: The yield on the US 10-year Treasury note held steady at 4.47% on Wednesday, pausing after two consecutive declines, as investors turned cautious ahead of the latest CPI report. (TradingEconomics)
2. S&P 500 Posts 3rd Day Winning Streak: US stocks finished higher on Tuesday as investors kept a close watch on US-China trade talks, buoyed by comments from Commerce Secretary Howard Lutnick, who said negotiations were going “really, really well.” The S&P 500 climbed 0.5%, marking 3rd day wining streak, while the Dow added 105 points and the Nasdaq advanced 0.6%. (TradingEconomics)
-Security Concerns-
1. States Challenge 23andMe Over Genetic Data Sale in Bankruptcy Deal: 27 states and the District of Columbia filed a lawsuit against 23andMe, aiming to block the company from selling customers' personal DNA information without their consent. Regeneron, a pharmaceutical company, states that it intends to acquire 23andMe and assures that it will comply with all applicable privacy rules and laws. To help review the deal, a court-appointed privacy ombudsman has been tasked with investigating how the sale might impact users' personal information. That report is expected to be submitted to the court by Tuesday. (IBTimes)
2. Predator Drone Overwatch in LA Sparks Outrage: Is Trump Testing Martial Law Tactics in Blue America?: Flight trackers and aircraft data showed that an MQ-9 Reaper, a military-rated drone often employed in foreign combat areas, flew over LA during political protests. (TechTimes)
-Technology and Science-
1. NASA, Partners Delay Axiom Mission 4, Reviewing ISS Launch Date: NASA, Axiom Space, and SpaceX are standing down from the launch opportunity on Wednesday, June 11, of Axiom Mission 4 to the International Space Station to allow additional time for SpaceX teams to repair a liquid oxygen leak identified during post-static fire Falcon 9 rocket inspections. (NASAgov)
-Bitcoin Community-
1. Economic Bitcoin Nodes: Why You Need To Use Your Node For It To Matter: A node that is not being used for economics purposes is completely irrelevant to the consensus rules of the Bitcoin network at large. It creates no economic pressure, imposes no opportunity cost, on the rest of the network when it alters its consensus rules. It is indistinguishable from a participant in a sybil attack. Your node doesn’t matter, unless you use it. So use it. (BItcoinMag) (AC-A good description of node purposes and mechanics on the system whole. A good read for all Bitcoiners.)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 72/100 (Up 1 pts)
Analyst Comments (AC): The Crypto Regulation Clarity Act’s advancement to a House vote signals a pivotal shift toward CFTC oversight, potentially easing regulatory burdens on Bitcoin and fostering institutional adoption. The continued push to institutionalize Bitcoin will highlight the debate on ultimate purposes of Satoshi's dream.
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report
