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quoting note1rnc…66skBTC Daily Intelligence Bulletin (DIB)
Block: 824,999
DTG/ICOD: 0800EST 09Jan24
Precedence: Routine (RR)
Controls: Public Release
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BLUF: Trump seeks trial dismissal / Biden tightens regs on gig workers / BTC decouples from Nasdaq / 1 BTC being sent to the moon
Market Data: Price: 1 BTC= $46,402, 22.99oz Gold
24hr Hi: $47,218 / Lo: $44,736
Vol: $37.4B (Up 28%)
Mkt Cap: $907.1B (Up 2.7%)
HashRate: 510 EH/s
Avg Fees: 31,205 sats/tx (Up 1%)
Nodes: 17,548
---Reports---
-International Events-
1. Russia detains U.S. citizen on drugs charges: Moscow's Ostankino District Court said that on Jan. 6 Robert Romanov Woodland had been remanded in custody until March 5 on charges relating to the illegal acquisition or possession of drugs. Woodland is a dual citizen of Russina the US, and was teaching English in Russia.(Reuters)
2. Gabriel Attal becomes France's youngest, first gay PM: France's president Emmanuel Macron on Tuesday named country's education minister Gabriel Attal with which the the 34-year-old became France's youngest and first openly gay head of government, news agency AFP reported after Elisabeth Borne resigned from the post.(Hindustan Times)
-US Events-
1. Trump seeks to dismiss Georgia election interference case based on presidential immunity: Former President Donald Trump's legal team on Monday filed multiple new motions in Georgia seeking to dismiss the Fulton County election interference case against him on grounds that include presidential immunity, which they say "shields him from criminal prosecution."(ABC)
2. US Supreme Court rejects X Corp's surveillance disclosure challenge: SCOTUS on Monday rejected a request by Elon Musk's X Corp to consider whether the social media company can publicly disclose how often federal law enforcement seeks information about users for national security investigations.(Reuters)
3. New Biden Administration Rule Seeks to Make More Gig Workers Employees: The Biden administration issued a new rule Tuesday intended to put more gig workers on company payrolls, a change that could reverberate across many industries, most notably at ride-share and food-delivery companies such as Uber and DoorDash. The rule, which will go into effect in March, would impose a stricter test to determine whether companies can classify their workers as independent contractors. It would replace a 2021 rule finalized by the Trump administration.(WSJ)
-Regulatory and Legal-
1. Digital asset regulatory clarity increasing, much to Binance’s dismay: Blockchain analytics firm TRM Labs released a new report Monday that suggests the ‘regulatory clarity’ that many blockchain-based operators claim to seek made significant progress last year and is poised for even greater strides in 2024. The report strikes a hopeful tone that establishing clear standards will reduce the rampant illicit activity that has prevented the digital asset sector from moving beyond the financial fringes.(CoinGeek)
-Central Bank Digital Currencies (CBDC)-
1. Turkey’s CBDC trials enter 2nd phase. Decision is possible by year’s end. The central bank will conduct the second phase this year, after which it will decide whether to launch a digital lira. (leaderinsights)
-Institutional Concerns-
1. SEC Issues Fresh Comments On Bitcoin ETF S-1s: As the January 10 deadline for the approval of several spot Bitcoin ETF looms, the SEC has made a notable move by sending new comments on updated S-1 filings just hours after their submission. This swift response from the SEC has sparked a debate within the community about the potential implications for the approval timeline of Bitcoin ETFs.(Bitcoinist)
2. Bitcoin Decouples From Nasdaq Amid ETF Speculation: The 40-day correlation between bitcoin and Nadaq now stands at zero, indicating a lack of relationship between the asset classes, according to data tracked by research provider Fairlead Strategies.(CoinDesk)
-Economic Indicators-
1. JPMorgan raises alarms over the U.S. economy: JPMorgan has issued a severe warning about the U.S. economy and the dollar, highlighting a concerning $34 trillion national debt. The bank uses the ‘boiling frog’ metaphor to describe the gradual yet potentially catastrophic build-up of economic problems in the U.S. JPMorgan’s cautionary stance coincides with efforts by BRICS nations to challenge the dollar’s global dominance, adding to U.S. economic pressures.(Cryptopolitan)
-Technological Updates-
NSTR
-Security Incidents and Concerns-
1. Elliptic Bolsters Public Sector Presence Amid Rising Demand for Crypto Intelligence: Blockchain analytics and data intelligence firm Elliptic is expanding its public sector practice to address the growing demand for crypto identity data from U.S. national security and law enforcement agencies.(CoinTrust) **(AC-US Law Enforcement continues to pursue intelligence on personal identities of crypto transactions worldwide. A burgeoning market of blockchain analysis for governments (not only US) will seek to DOX transaction participants and holders of crypto and bitcoin.)
-Bitcoin Community-
1. Crypto Exchange Bitmex Sends Physical Bitcoin to the Moon — Expects to Land on Lunar Surface Next Month: “The bitcoin wallet in the shape of one coin will land on the Moon aboard the Peregrine spacecraft, making this the first financial asset to touch the lunar surface!” Bitmex detailed.(Bitcoincom)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 76/100 (Up 5 pts)
Follow us on NOSTR: Bitcoin Veterans (npub1qkt…ms0r)
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report