BTC Daily Intelligence Bulletin (DIB)
Block: 893,759
DTG/ICOD: 1200Z 24Apr2025
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: More IDF Strikes in Gaza / US Cardinal Dolan Heads to Rome / Kyiv Hit Hard / Trump EO Tightens College Fundings / Sen Dick Durban to Retire / Tariff War Rakes in Revenues / SEC Crypto Roundtable Tomorrow / Missouri SBR Bill Advances / Jack Mallers to Head New Bitcoin Fund / Riot Mining Borrows on Bitcoin / Metaplanet Gets Aggressive with Buys / BTC ETFs on Strong Momentum / Stocks Rise on Tariff Pause / Elderly Targeted For Crypto Fraud / China, Russia to Build Moon Base With Nuke Reactor
Market Data: Price: 1 BTC= $92,612, 27.70 oz Gold, .21 Median US House
24hr Hi: $94,535 / Lo: $91,696
Vol: $36B (Down 40%)
Mkt Cap: $1.83T (Down 1%)
HashRate: 821 EH/s
Avg Fee Rate: 6 sats/vBtye (Even)
---Reports---
-International Events-
1. Israeli Strikes in Gaza Kill 10 at Shelter: Israeli airstrikes targeted a shelter in Gaza, killing 10 people, with Israel claiming the strikes were aimed at militants. The Gaza Health Ministry reported 39 deaths and 105 injuries in the region over the past 24 hours. (AlJazeera)
2. Cardinal Dolan Heads to Rome for Papal Election: Cardinal Timothy Dolan of New York, one of ten American cardinals eligible to vote for the next pope, departed for Rome following Pope Francis’s death. (NewYorkTimes)
3. Kyiv hit by deadly Russian missile and drone attack: At least eight people have been killed and more than 80 others injured, including children, in an overnight Russian missile and drone attack on Ukraine's capital Kyiv. (BBC) (AC-It seems the current military advantage rests with Russia.)
-US Events-
1. Trump Tightens Control Over Higher Education With Executive Orders Targeting Accreditation, Foreign Grants: President Donald Trump on Wednesday signed an executive order aimed at tightening standards for college accreditation -- a critical requirement for institutions seeking access to billions of dollars in federal student financial aid. The order is designed to reshape how the federal government determined which colleges are eligible to receive federal student loans and Pell grants. (IBTimes)
2. Dick Durbin, the No. 2 Democrat in Senate, announces he won’t seek reelection: Durbin expressed that he has a deep love for the job but believes now is the right time to pass the torch to the next generation. (GroundNews)
3. Trump Trade War Results In Record $12 Billion Surge In Customs Revenues: According to today's Daily Treasury Statement, on April 22, the US collected a record $11.7 billion in "customs and certain excise taxes", the biggest one day haul on record. To be sure, this is not a "one-day collection", but rather is a monthly accrual and is more indicative of the monthly total (which stands at about $15.4 billion). (ZeroHedge)
-Regulatory and Legal-
1. Paul Atkins’ First Ever SEC Crypto Roundtable on April 25: Although the previous two discussions failed to bring any significant impact in the crypto industry and its status, the approaching one is anticipated to bring major changes, especially as Paul Atkins is set to attend. (CoinGape)
-CBDCs/World Currencies/Strategic Reserves-
1. Missouri Bitcoin Reserve Bill Passes First Committee: Missouri’s Bitcoin reserve bill passed its first committee with no opposition, signaling state-level interest in holding Bitcoin as a strategic asset.(X)
-Institutional Concerns-
1. Twenty One Capital Launches with $3 Billion to Acquire Bitcoin: Jack Mallers, CEO of Strike, announced Twenty One, a public company backed by Cantor Fitzgerald, SoftBank, Tether, and Bitfinex, valued at $3.6 billion. It aims to acquire 42,000 Bitcoin through 21 Capital, positioning it as a competitor to MicroStrategy. Mallers joined as CEO, fueling bullish sentiment. (CNBC, X)
2. Coinbase Provides $100 Million Credit Facility to Bitcoin Mining Company Riot Platforms: This multiple drawdown term loan facility will be available to Riot over a two-month period following the execution date. The company plans to utilize the proceeds for key strategic initiatives and general corporate purposes. CEO Jason Les emphasized that this marks Riot’s first bitcoin-backed facility. (BitcoinCom)
3. Metaplanet hits 5,000 BTC milestone as corporate bitcoin accumulation race heats up: "We have reached 50% of our initial goal of 10,000 BTC by the end of 2025," Metaplanet CEO Simon Gerovich posted on X. "This is a big step forward in our aim to become one of the world's leading bitcoin holding companies. We will lead the global bitcoin race from Japan." (TheBlock)
4. Bitcoin ETFs grab $917 million flows Wednesday topping $2B for the week (CryptoSlate) (AC-BTC ETF market momentum persists, capturing 19,300 BTC in two days.)
-Economic Indicators-
1. US Futures Hold Steady After Two-Day Rally: US stock futures were little changed on Thursday after the major averages posted a two-day rally, underpinned by easing US-China trade tensions and receding concerns about the Federal Reserve’s independence. In Wednesday’s regular session, the Dow climbed 1.07%, the S&P 500 advanced 1.67%, and the Nasdaq Composite surged 2.5%. (TradingEconomics)
-Security Incidents and Concerns-
1. FBI Data Shows 66% Increase in Crypto Fraud with Elderly Hardest Hit: Elderly Americans lost $2.8 billion in crypto scams in 2024, despite making up only 17% of the population, with ATM fraud rising rapidly. The average loss per senior victim was $83,000, which is more than four times the overall average loss of $19,372 for other online crimes. One of the most alarming trends in the report is the rapid increase in crypto ATM and kiosk fraud cases where criminals typically direct victims to withdraw money from financial accounts, including retirement or investment funds. (Blockonomi)
-Technology and Science-
1. China Signals Support for Nuclear Reactor on Moon to Power Sino-Russian Lunar Station: China and Russia are collaborating to establish the International Lunar Research Station at the moon's south pole by 2035, featuring a nuclear reactor and solar arrays. The project aims to involve 50 countries and 500 research institutions worldwide. (GroundNews)
-Bitcoin Community-
NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 63/100 (Down 9 pts)
Analyst Comments (AC): NSTR
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report