BTC Daily Intelligence Bulletin (DIB)
Block: 826,993
DTG/ICOD: 0800EST 23Jan24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: Deadliest day so far for Israeli soldiers / 2 SEALs declared deceased / SCOTUS sides with the Feds in Texas / Global shipping rates spiking
Market Data: Price: 1 BTC= $39,020, 19.15oz Gold
24hr Hi: $41,169 / Lo: $38,631
Vol: $32B (Up 77%)
Mkt Cap: $763.9.B (Down 4.7%)
HashRate: 569 EH/s
Avg Fees: 61,158 sats/tx (Up 210%)
Nodes: 17,148
---Reports---
-International Events-
1. 21 soldiers killed in biggest single Israeli loss during Gaza combat, Israeli military says: 21 Israeli soldiers were killed during fighting in southern Gaza on Monday, the military said, in the biggest single loss of life for Israeli troops inside the battered enclave since the war with Hamas began. Also a tank that was protecting Israeli troops was hit by a rocket-propelled grenade (RPG). Israeli media reported that two soldiers in the tank were killed. Simultaneously, 2 two-story buildings collapsed on soldiers following an explosion. Most of the Israeli forces killed were in or near the buildings. (CNN)
2. U.S. Navy SEALs in Iranian Weapons Seizure Mission Declared Deceased: The U.S. military has ended its search for two Navy SEALs after they went missing during a mission in the Arabian Sea to interdict Iranian weapons headed for Yemen, U.S. Central Command (Centcom) said Sunday. (Breitbart)
-US Events-
1. Supreme Court allows Border Patrol agents to remove razor wire Texas installed at Mexico border: A closely divided Supreme Court on Monday allowed Border Patrol agents to cut through or move razor wire Texas installed on the U.S.-Mexico border as part of the state’s effort to prevent illegal border crossings. The court on a 5-4 vote granted an emergency request filed by the Biden administration, which had argued that Texas was preventing agents from carrying out their duties. (NBC)
-Regulatory and Legal-
NSTR
-Central Bank Digital Currencies (CBDC)-
1. Central banks poised to lead digital currency revolution as BIS advocates for CBDC development: At Davos this week, Agustín Carstens of BIS emphasizes the importance of central bank leadership in digital currency innovation, focusing on CBDCs. He says the challenges in CBDC implementation include varied technology, cybersecurity risks, and balancing privacy with security. The BIS supports central banks in digital currency efforts through the BIS Innovation Hub and Cyber Resilience Coordination Centre. (Cryptopolitan)
-Institutional Concerns-
1. Blackrock and Fidelity ETFs Lead the Charge in Bitcoin Accumulation, Holding Over $2.6 Billion in Combined BTC Assets: Recent data reveals that Blackrock, the globe’s leading asset manager boasting over nine trillion in assets under management (AUM), now possesses 33,430.56 bitcoin, valued at approximately $1.34 billion. Similarly, the financial powerhouse Fidelity has increased its bitcoin holdings, with the Fidelity Wise Origin spot bitcoin exchange-traded fund (ETF) now owning 30,169.54 bitcoin, equivalent to around $1.26 billion in value. (Bitcoincom)
-Economic Indicators-
1. Global shipping rates skyrocket as Red Sea crisis deepens: New data from Freightos Terminal released Friday shows that rates for shipping goods from Asia to Northern Europe surged 461% compared to mid-October, before the diversion of vessels in the region began. Rates on the route from Asia to the North American East Coast and to the North American West Coast have also skyrocketed, climbing a respective 130% and 97% since the end of October. (FoxBusiness)
2. Bank of Japan retains its ultra-loose policy, says 2% inflation target is in sight: The BOJ decided unanimously to keep interest rates at -0.1%, and stuck to its yield curve control policy that keeps the upper limit for 10-year Japanese government bond yield at 1% as a reference, according to a policy statement released Tuesday after a two-day meeting. (CNBC)
-Technological Updates-
NSTR
-Security Incidents and Concerns-
NSTR
-Bitcoin Community-
NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 50/100 (Down 4 pts)
Analyst Comments (AC): As shipping rates double and triple across the globe, the follow-on effects will be felt in goods as inflationary for both producers and consumers. This effect will counter the US Fed's attempt to tamp down inflation and could lead to even more tightening of monetary policy, or at least delay a loosening of it. It is also possible the Biden administration could use the shipping instability as a reason to increase military interventions during the election year.
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report
