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BTC Daily Intelligence Bulletin (DIB)

Block: 835,225

DTG/ICOD: 0800EST 18Mar24

Precedence: Routine (RR)

Controls: Public Release

QQQQ

__________________________

BLUF: Putin Set to Run Russia for Another 6 Years / Niger Dissolving US Cooperation / SCOTUS Taking up Social Media Issues / Trump Says 'Bloodbath", Media Goes Crazy / Nigeria Good Study on Fiat Failures

Market Data: Price: 1 BTC= $68,298, 31.63 oz Gold, .16 Median US House

24hr Hi: $68,897/ Lo: $66,372

Vol: $41B (Down 26%)

Mkt Cap: $1.34T (Up 2%)

HashRate: 649 EH/s

Avg Fees: 8,976 sats/tx (Up 3%)

Nodes: 18,547

---Reports---

-International Events-

1. Putin extends his rule over Russia, claiming landslide win after election with no real opposition: Putin received 87.32% of the vote, Russia’s election commission said early Monday after more than 99% of ballots had been counted. Having led Russia for 24 years already, he will soon match Soviet leader Josef Stalin as the country’s longest-serving modern ruler. (NBC)

2. Israel to offer six-week Gaza truce for 40 hostages in Qatar talks, Israeli official says: Israel will send a high-level delegation headed by its Mossad chief to Qatar on Monday for mediated talks with Hamas designed to secure the release of 40 hostages in exchange for a six-week Gaza truce, an Israeli official said. (JerusalemPost)

3. Niger Termination of U.S. Military Ties Followed Accusation of Iran Uranium Deal: The decision to end military cooperation with the U.S. was announced Saturday night by a spokesman for the Nigerien junta. It deals a serious blow to the Biden administration’s efforts to contain a sprawling Islamist insurgency in the Sahel, the semiarid region south of the Sahara. It could affect a $110 million base that was built by the U.S. and is used to fly surveillance drones over West Africa. It could also possibly force the withdrawal of more than 600 American troops still stationed in Niger. (WJS)

-US Events-

1. Supreme Court weighs how far federal officials can go to combat controversial posts: the Supreme Court on Monday is taking up a dispute between Republican-led states and the Biden administration over how far the federal government can go to combat controversial social media posts on topics including COVID-19 and election security. The justices are hearing arguments in a lawsuit filed by Louisiana, Missouri and other parties accusing officials in the Democratic administration of leaning on the social media platforms to unconstitutionally squelch conservative points of view. (AP)

2. Trump "Bloodbath" Comments Have Differing Interpretations in Medida: Biden Communications Director Tyler: Trump’s Bloodbath Comments ‘Endorsement of Political Violence’ (MSNBC); Biden campaign says Trump ‘wants another January 6’ after Ohio ‘bloodbath’ prediction (Independent); Joe Concha slams media members for taking Trump's 'bloodbath' comment out of context: 'A lie in all caps' (Fox) (AC-In the first media salvo of the 2024 election season, Trump's comments at a rally that were aimed at the Chinese Communist Party, not the US electorate, were taken fully out of context and spread like seed among the MSM headlines. As the narratives will continue to reinforce predetermined beliefs, this year's news reporting will require work just to ascertain facts from agenda.)

-Regulatory and Legal-

1. Nigeria's SEC Proposes 400% Increase to Crypto Firm Registration Fees: The regulator proposed increases to all supervision fees as the government blamed crypto for recent economic woes. The proposals come as the Nigerian naira weakens to record lows against the dollar, with the government blaming the crypto industry for facilitating illegal capital outflows. (CoinDesk)

-Institutional Concerns-

1. US Captures 83% of Spot Bitcoin ETF Market, Overtaking Canada: Countries where spot Bitcoin ETFs are incorporated are: G20 countries US, Canada, Germany, Brazil and Australia, the tax havens Bermuda, Jersey, Switzerland, Liechtenstein and Guernsey. Hong Kong could be the first Asian country with a spot Bitcoin ETF, with regulators there prepared to receive applications. The US has established itself as the top country for spot Bitcoin ETFs, with $34.78 billion in combined assets across the 10 spot Bitcoin ETFs approved early this year. (CoinGecko)

-Central Bank Digital Currencies (CBDC)-

NSTR

-Economic Indicators-

1. The Federal Open Market Committee (FOMC) will meet this week to decide on any changes on the Fed Interest Rate.

2, Brent Gains on Geopolitical Risks: Brent crude futures rose toward $86 per barrel on Monday, the highest since early November and extending gains from last week as heightened geopolitical risks continued to spark supply concerns. (TradingEconomics)

-Technological Updates-

NSTR

-Security Incidents and Concerns-

NSTR

-Bitcoin Community-

1. Bitcoin Miners Near Final Month Before Reward Halving Slashes Revenues: There are 34 days left until the Bitcoin network’s halving event, expected on or around April 20, 2024, which will reduce miners’ rewards by half. Bitcoin’s price has remained above $60,000 throughout March, reaching close to $74,000 on March 14. Between onchain fees and the price increase, these factors could offset revenue losses from the halving for miners. However, the halving will make mining much less profitable, particularly for those with high operational costs, potentially leading some to cease operations. (BitcoinCom)

-Bitcoin Sentiment-

1. Fear(0)/Greed(100) Index: 77/100 (Down 5 pts)

Analyst Comments (AC): Studying the economic woes in Nigeria and the government lashing out against cryptocurrencies and exchanges, gives an idea of effects of government fiat money printing, it's effect on populations, their attempts at running to safe stores of value, and the government's reaction to stop it. It's a good lesson in the battle for good money and how it may take place in other countries. In the case of Nigeria, rampant inflation is causing major economic woes for companies and civilians. The government then tried to force the population to adopt and use a CBDC which was quickly and roundly dismissed by the people. Cryptocurrencies, namely the USDC, was adopted quickly and the government targeted the exchanges, like Binance, recently running them out of the country. Continue to watch events unfold here as the fundamental dynamics give us a good preview of things to come in other countries.

Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r

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Analyst: BV2A

END REPORT

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*NSTR-Nothing Significant To Report

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BTC Daily Intelligence Bulletin (DIB)

Block: 834,795

DTG/ICOD: 0800EST 15Mar24

Precedence: Routine (RR)

Controls: Public Release

QQQQ

__________________________

BLUF: Putin Set for Reelection / Ukraine Targeting Russian Refineries / US Republicans Agree on Ukraine, Israel Funding / Blackrock Sets Another ETF Record / BTC has 5% Correction / El Salvador Moves BTC into Cold Storage

Market Data: Price: 1 BTC= $67,675, 31.23 oz Gold, .16 Median US House

24hr Hi: $73,063/ Lo: $65,630

Vol: $86B (Up 93%)

Mkt Cap: $1.33T (Down 7%)

HashRate: 557 EH/s

Avg Fees: 9,338 sats/tx (Up 3%)

Nodes: 18,547

---Reports---

-International Events-

1. As Putin eyes sure reelection, Russia’s economy defies sanctions, critics: Russian president is all but guaranteed fifth term in power comes as economy has outperformed expectations. (AlJazerra)

2. Palestinian leader appoints longtime adviser as prime minister in the face of calls for reform: Mohammad Mustafa, a United States-educated economist and political independent, will head a technocratic government in the Israeli-occupied West Bank that could potentially administer Gaza ahead of eventual statehood. (AP)

3. Ukraine is bombing Russian oil refineries right when Russia really needs its oil money: On Tuesday, Bloomberg reported that the country’s oil exports had crept up to 3.7 million barrels a day, their highest level this year. Then, on Wednesday, the Associated Press reported that Ukrainian forces had attacked three oil refineries in two days, including the biggest facility operated by Rosneft, Russia’s biggest oil company. (Quartz)

-US Events-

1. Jurors found both a school shooter’s father and mother guilty of manslaughter: A jury issued a groundbreaking verdict in Michigan Thursday, finding James Crumbley, whose son killed four students at a Michigan high school in 2021, guilty of four involuntary manslaughter counts in a case that experts say could set an important precedent for the extent to which parents of school shooters can be held responsible. (CNN)

2, House Republicans will pass Ukraine aid after backing down on border demand: The news was made on Thursday at the House Republican retreat, with Speaker Mike Johnson telling reporters that bills to further fund both Ukraine’s defence and Israel’s military effort against Hamas would be brought up separately in the coming weeks. (IndependentUK)

-Regulatory and Legal-

1. Hong Kong Regulator Says Crypto Exchange MEXC Has Been Operating Without a License: This is not the first time MEXC has fallen foul of regulators. Last April Japan's Financial Services Agency said the exchange had been operating in the country without registration, as did Germany's Federal Financial Supervisory Authority as recently as October. (CoinDesk)

-Institutional Concerns-

1. BlackRock Bitcoin ETF sets new daily volume record amid market fluctuations: On March 14, nearly 100 million shares of BlackRock’s spot Bitcoin ETF were traded, totaling over $3.9 billion in trading volume. This surpasses the previous record of $3.7 billion set less than ten days ago on March 5, marking a significant milestone for the fund. (Cryptopolitan)

2. Cetera Financial Group unveils policy to allow Bitcoin ETF exposure for RIAs, brokers: Cetera is one of the largest wealth management services in the US, with over $475 billion in assets under management.

-Central Bank Digital Currencies (CBDC)-

1. Banco Do Brasil to Test Offline Payments in Brazilian CBDC Pilot: Banco Do Brasil, a bank owned in its majority by the Brazilian state, are partnering to explore the possibilities of bringing offline payments to the future Brazilian CBDC, Drex. The joint initiative will include this functionality in Drex’s pilot, to extend access to financial services to Brazilians with difficult or no access to internet in secluded areas. (BitcoinCom)

-Economic Indicators-

1. US 10-Year Treasury Yield Steadies on Friday: The yield on the US 10-year Treasury note steadied at 4.28% on Friday, after climbing by 19bps this week. (TradingEconomics)

2. Bitcoin Falls from Record Levels: Bitcoin dropped 5% to around $67,100 from its peak of nearly $74,000, as concerns of a potential bubble increased amidst fluctuating global risk sentiment. Coinglass data showed $526 million in bullish crypto bets were liquidated in the past 24 hours, the highest amount in two weeks. (TradingEconomics)

-Technological Updates-

1. Mutiny’s New Browser-Based Bitcoin Wallet on Lightning Avoids App Store Restrictions: Mutiny, a Bitcoin wallet startup, released on Thursday a beta version of what it says is the first self-custodial Lightning wallet that runs on the web. “Our main difference compared to other Lightning wallets like Phoenix and Muun is that our wallet is a progressive web app (PWA),” Giorgio told CoinDesk. “So we can ship and push updates that are not restricted to the limitations of the Apple or Google store platforms.” (Yahoo)

-Security Incidents and Concerns-

1. Pro-Palestinian hackers claim to have hacked Viber: Handala Hack, a pro-Palestinian hacktivist group, claims to have breached the Viber instant messaging service. It wouldn’t be the first time – Viber is much easier to hack compared to similar apps. (CyberNews)

-Bitcoin Community-

1. El Salvador’s Cold Wallet: President Bukele Announces First Bitcoin Piggy Bank: President Nayib Bukele took to Twitter to reveal, “We’ve decided to transfer a big chunk of our Bitcoin to a cold wallet and store that cold wallet in a physical vault within our national territory. You can call it our first Bitcoin piggy bank” (CoinPedia)

-Bitcoin Sentiment-

1. Fear(0)/Greed(100) Index: 83/100 (Down 5 pts)

Analyst Comments (AC): BTC Price swings are showing highly favorable to institutional whales drawing correlation speculation. Any dip like the present one may be a good time to purchase more BTC. (not investment advice)

Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r

____________________

Analyst: BV2A

END REPORT

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*NSTR-Nothing Significant To Report

Good morning ☕️

The wholesome content you need

BTC Daily Intelligence Bulletin (DIB)

Block: 834,659

DTG/ICOD: 0800EST 14Mar24

Precedence: Routine (RR)

Controls: Public Release

QQQQ

__________________________

BLUF: US House votes to Ban Tik-Tok Or Divest / Haiti Works to Establish Government / Second Mass Child Kidnapping in Nigeria in a Week / FINCEN Looks for Hamas Ties in Crypto / MSTR Selling Notes for BTC, Again / WorldBank Pres Wants Global Digital ID

Market Data: Price: 1 BTC= $72,908, 33.60 oz Gold, .17 Median US House

24hr Hi: $73,475/ Lo: $68,728

Vol: $45B (Down 30%)

Mkt Cap: $1.43T (Even)

HashRate: 638 EH/s

Avg Fees: 9,104 sats/tx (Up 18%)

Nodes: 18,505

---Reports---

-International Events-

1. Haiti works on establishing interim government as gang leader promises to fight on: Gangs that took over the capital intended to topple Prime Minister Ariel Henry, sending the nation into violent conflict with warnings of possible famine and civil war. Henry agreed to step aside after an emergency meeting Monday that brought together US, UN and Caribbean representatives, among others, and yielded a blueprint for Haitians to form a governing Transitional Presidential Council until elections can be held. But Jimmy Cherizier, a powerful Haitian gang leader known as "Barbecue," said Wednesday his coalition of armed groups "do not care about Ariel Henry's resignation." "We are going to continue the fight for Haiti's liberation," the former policeman under UN sanctions told Spanish-language network W Radio. (France24) (AC- The US has promised $130M in aid to Haiti, to whom or how, is yet to be revealed)

2. Nigeria hit by another mass kidnapping, with more than 300 now believed missing: Gunmen have abducted dozens of people from a northwest Nigerian village, according to two local representatives and a United Nations source, just days after the kidnapping of more than 250 pupils from a school in the same state. (CBS)

3. Taiwan’s Incoming VP Is on a Low-Profile Visit to Washington: Bi-khim Hsiao, who will be sworn in with Lai in late May, plans to discuss the new Taipei government’s agenda with members of the Biden administration, the people said. (WSJ)

-US Events-

1. House passes bill that could ban TikTok despite resistance from Trump: The House voted with bipartisan, overwhelming fashion on Wednesday to pass a bill that could lead to a nationwide ban against TikTok. The bill would prohibit TikTok from US app stores unless the social media platform — used by roughly 170 million Americans — is spun off from its Chinese parent company, ByteDance. It’s not yet clear what the future of the bill will be in the Senate. The House vote was 352 to 65, with 50 Democrats and 15 Republicans voting in opposition. (CNN)

-Regulatory and Legal-

1. FinCEN Is Analyzing $165M in Transactions That May Tie Crypto and Hamas, Senior Official Says: FinCEN analyzed suspicious activity reports filed between January 2020 and October 2023, according to a letter signed by Deputy Treasury Secretary Adewale Adeyemo. The letter was directed to the leaders of the Senate Banking and House Financial Services Committees and asked for their support in passing legislation that would broaden the Treasury Department's oversight authority over crypto transactions. (CoinDesk)

-Institutional Concerns-

1. MicroStrategy is on its second fundraising ploy this month to buy more Bitcoin: The business intelligence turned “Bitcoin development” firm announced its latest fundraiser on March 13, which will again come in the form of a private senior convertible notes offering. Some of it could also be used for general corporate purposes. (CoinTelegraph)

-Central Bank Digital Currencies (CBDC)-

1. World Bank president advocates global digital ID scheme at tech summit: Once digital identity is established and connected with public-private infrastructure, then everything else can be built on top of it, including access to financial services, insurance, healthcare, education, and the process of starting a new business – digital ID would be required for everything. (TodayVille)

-Economic Indicators-

NSTR

-Technological Updates-

NSTR

-Security Incidents and Concerns-

NSTR

-Bitcoin Community-

NSTR

-Bitcoin Sentiment-

1. Fear(0)/Greed(100) Index: 88/100 (Up 7 pts)

Analyst Comments (AC): Today is one of those days where word news is relatively quiet.

Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r

____________________

Analyst: BV2A

END REPORT

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*NSTR-Nothing Significant To Report

Good morning ☕️

Leave the gun, take the cannoli

Fantastic stuff from nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um on his latest show with Luke Gromen. Highly recommend.

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