Subnostr

Bitcoin Veterans 2y ago

BTC Daily Intelligence Bulletin (DIB)

Block: 826,833

DTG/ICOD: 0800EST 22Jan24

Precedence: Routine (RR)

Controls: Public Release

QQQQ

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BLUF: DeSantis calls it quits, supports Trump / JPMorgan says Greyscale to keep selling BTC / Trezor Owners Getting Phished / Terraform Files Chapter 11

Market Data: Price: 1 BTC= $40,883, 20.07oz Gold

24hr Hi: $41,855 / Lo: $40,364

Vol: $17.9B (Up 83%)

Mkt Cap: $799.1B (Down 2.3%)

HashRate: 522 EH/s

Avg Fees: 20,210 sats/tx (Up 13%)

Nodes: 16,902

---Reports---

-International Events-

1. Intriguing alliances: Russia’s plans with North Korea: Russian President Vladimir Putin is planning a significant visit to North Korea, the first by a Russian leader in over two decades, signaling a strengthening alliance. Russia and North Korea are also deepening strategic and tactical cooperation, particularly in response to their respective confrontations with the United States. The two countries are united in their criticism of U.S. actions and are seeking to establish a new multi-polarized international order. (Cryptopolitan)

-US Events-

1. DeSantis drops out of presidential race, leaving Trump and Haley to face off in New Hampshire: Florida Gov. Ron DeSantis suspended his Republican presidential campaign on Sunday, ending his 2024 White House bid just before the New Hampshire primary while endorsing his bitter rival Donald Trump. (AP)

-Regulatory and Legal-

NSTR

-Central Bank Digital Currencies (CBDC)-

NSTR

-Institutional Concerns-

1. JPMorgan Warns of Incoming Bitcoin Selloff With Anticipated $3 Billion Grayscale Outflow: Global investment bank JPMorgan has warned of additional outflow from Grayscale’s bitcoin fund, cautioning that it will put “further pressure on bitcoin prices over the coming weeks.” The bank’s analyst also explained that the $3 billion inflow into new spot bitcoin exchange-traded funds (ETFs) “reflects a rotation from existing bitcoin vehicles” or “from retail investors shifting from digital wallets held with exchanges/retail brokers to cheaper spot bitcoin ETFs.” (Bitcoincom)

2.Elon Musk’s X Payments Feature Sparks Speculation: Elon Musk’s “everything app,” known as X, has recently created a dedicated account for its upcoming payments feature, igniting speculation within the crypto community about the possible integration of cryptocurrencies. No details have been released yet. (CryptoNews)

-Economic Indicators-

1. Home Sales Were the Lowest in Almost 30 Years in 2023: High mortgage rates, prices made home buying prohibitively expensive for many last year. Existing-home sales slid 19% in 2023 from the prior year to 4.09 million, the National Association of Realtors said Friday. (WSJ)

-Technological Updates-

NSTR

-Security Incidents and Concerns-

1. Trezor Alert: Phishing Threat Affects 66K Users in Security Breach: The affected users, numbering up to 66,000, are urged to remain vigilant and take immediate action to secure their accounts. Trezor has advised users to be cautious of unsolicited communication, especially emails or messages requesting sensitive information. Additionally, users are encouraged to update their passwords and enable two-factor authentication to enhance account security.(CoinMarketCap)

-Bitcoin Community-

1. Terraform Labs Declares Bankruptcy in Delaware: Terraform Labs recently lost a case when a U.S. judge ruled that LUNA and MIR are securities, and is currently facing a class action lawsuit in Singapore. (CoinDesk)

2. Bitcoin Network's Mining Difficulty Drops 3.9% to 70.34 Trillion, Easing Miner Workload Amid Texas Cold Snap: On Saturday, the Bitcoin network experienced its first difficulty reduction of the year, witnessing a 3.9% decrease at block height 826,560. As a result, the network’s mining difficulty now stands at 70.34 trillion, with the next adjustment anticipated on Feb. 4, 2024. (Bitcoincom)

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