BV_DIB on Nostr: https://m.primal.net/OUnO.png BTC Daily Intelligence Bulletin (DIB) Block: 882,714 ...

BTC Daily Intelligence Bulletin (DIB)
Block: 882,714
DTG/ICOD: 1200Z 07Feb2025
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: Trump Meets Japanese PM / Baltic States Break From Russian Energy Grid / Trump Announces Middle-Class Tax Plan / Russ Vought Confirmed for OMB Lead / Commuter Plane Missing in Alaska / Canadian Busted for Hiding 450 BTC / SEC Looks at In-Kind Redemption for ETFs / Czech Republic Drops Bitcoin Cap Gains / US Fed Governor Likes Stablecoins for USD / 16 of 50 States Exploring BTC SBRs / Whales Taking Bitcoin Off Exchanges / Jobs Report Today / US Bill Seeks to 'Deep Six' DeepSeek / DOGE Wants AI for GSA / Wall Street Looks to Put Real-World Assets on New Blockchain / Cleanspark Crushing it on BTC Mining

Market Data: Price: 1 BTC= $98,151, 34.13 oz Gold, .23 Median US House
24hr Hi: $98,910 / Lo: $95,707
Vol: $46B (Up 2%)
Mkt Cap: $1.93T (Down 1%)
HashRate: 840 EH/s
Avg Fee Rate: 3 sats/vBtye (Down 25%)

---Reports---
-International Events-
1. Trump to meet Japan's Ishiba as China trade war simmers: U.S. President Donald Trump will meet Japanese Prime Minister Shigeru Ishiba for the first time on Friday as two allies wary of China's rise work to boost business and security ties while an escalating trade war threatens to rupture the global economy. Japan is especially trade-dependent: it is a major exporter and counts on imports for much of its food and natural resources, and many of its firms are deeply invested in and reliant on China. Japanese officials are wary of possible efforts by Beijing to court the U.S. president with promises of cooperation on key global issues, including trade. (Reuters)

2. Russia’s Baltic neighbors are breaking away from its power grid — and they’re braced for retaliation: The Baltic counties of Lithuania, Latvia, and Estonia are bracing themselves for possible cyberattacks this weekend as they complete their long-awaited decoupling from Russia’s power grid. (CNBC)

-US Events-
1. Trump's Ambitious Tax Relief for Middle Class Announced: The Trump administration has announced a new tax proposal aimed at providing significant tax relief for middle-class Americans. Key features include no taxes on tips, Social Security for seniors, and overtime pay, alongside renewing the Trump Tax Cuts from 2017. The plan also involves adjusting the SALT cap, ending tax breaks for billionaire sports team owners, closing the carried interest loophole, and proposing tax cuts for 'Made in America' products. This proposal is described as potentially the largest tax cut in history for middle-class working Americans, though economic analyses vary on its impact across different income groups. (X, Various)

2. The Senate confirmed Russ Vought as Director of the Office of Management and Budget with a 53-47 vote, following a lengthy delay by Democrats who expressed concerns about his potential influence over federal operations and employees. (GroundNews)

3. Bering Air Flight Missing Near Nome, Alaska: A Bering Air Cessna 208B Grand Caravan, carrying 9 passengers and 1 pilot, disappeared from radar during its flight from Unalakleet to Nome, Alaska. The incident occurred on February 6, 2025, prompting immediate search and rescue operations despite challenging weather conditions. (X, Various)

-Regulatory and Legal-
1. Canadian Businessman Sentenced to 41 Months in U.S. Prison for Hiding 450 BTC: Firoz Patel’s sentencing relates to 450 bitcoins he failed to disclose in a 2020 trial. Officials accused Patel of not informing the U.S. District Court of these Bitcoin holdings after he was convicted and sentenced to 36 months for operating Payza, an unlicensed cryptocurrency payment processing platform. (BitcoinCom) (AC-A lesson in Bitcoin OPSEC management. The article shows how exchanges are who gave him up to authorities.)

2. SEC Reviews BlackRock’s Bitcoin ETF In-Kind Redemption Proposal: BlackRock has proposed allowing in-kind redemptions for its Bitcoin ETF, which would let authorized participants receive actual Bitcoin instead of cash when redeeming shares – SEC is now reviewing this proposal. This change would only affect authorized participants (large financial institutions), not retail investors. (Blockonomi)

3. Czech Republic exempts Bitcoin from capital gains tax after three years: Czech President Petr Pavel signed a historic bill on Feb. 6 that exempts Bitcoin from capital gains taxes if held for at least three years. The Czech parliament unanimously approved the measure in December last year, reflecting a commitment to align with the European Union’s Markets in Crypto-Assets (MiCA) framework. (CryptoSlate)

-CBDCs/World Currencies/Strategic Reserves-
1. Fed’s Waller backs regulated stablecoins to boost US dollar’s global dominance: Federal Reserve Bank Governor Christopher Waller says he supports the adoption of stablecoins with clear rules and regulations because it will likely cement the US dollar’s status as a reserve currency. (CoinTelegraph) (AC-Maintaining USD hegemony requires a move into digital assets. CBDCs and stablecoins are the primary options for fiat-minded, American regulators. The third option of a bitcoin-backed USD is not an option they'd consider right now.)

2. A Third of All US States Now Exploring Bitcoin, Crypto for Public Funds: Out of 50 U.S. states, 16 have ongoing legislative considerations and varying statuses. Utah stands out as the state closest to a potential implementation. Its bill would authorize the allocation of 5% to "qualifying digital assets." (Decrypt)

-Institutional Concerns-
1. Bitcoin Worth $1.6B Leave Exchanges in Biggest Bullish Outflow Since April: "Whales are buying this dip," Dragosch said on X, referring to the large outflow of coins. Investors typically take direct custody of coins when planning to hold them for the long term. Hence, a large outflow of exchanges is taken to represent bullish sentiment. (CoinDesk) (AC-Price in USD is not the only indicator of demand.)

-Economic Indicators-
1. US 10-Year Yield Holds Steady: The yield on the 10-year US Treasury note remained steady around 4.45% on Friday, as investors awaited the highly anticipated monthly jobs report, which could influence the Federal Reserve’s monetary policy outlook. (TradingEconomics)

-Security Incidents and Concerns-
1. Lawmakers push for DeepSeek ban from federal devices over China concerns: Two lawmakers have introduced a bill to ban the Chinese artificial intelligence platform DeepSeek from any federal devices. Reps. Josh Gottheimer (D-N.J.) and Darin LaHood (R-IL) unveiled the “No DeepSeek on Government Devices Act” on Thursday to address security concerns about DeepSeek since it emerged as a powerful, low-cost alternative to U.S.-made AI tools like ChatGPT. (TheRecord)

-Technology and Science-
1. DOGE Reportedly Building Custom Chatbot GSAi – Will Elon Musk Replace GSA Staffers With AI?: One of the priorities for the initiative is to boost productivity for roughly 12,000 employees with the GSA, a unit tasked with management of office buildings, contracts, and IT infrastructure across the federal government. DOGE is also hoping that GSAi can be used to analyze huge data around contract and procurement. (IBTimes)

2. Wall Street Giants Back New Blockchain for Tokenizing Real-World Assets: Ondo Chain, a new blockchain for tokenizing real-world assets, was announced with support from Wall Street giants. The President Trump-backed World Liberty Financial project purchased $470,000 worth of ONDO tokens. Top asset managers like Franklin Templeton and Google Cloud are design advisors for the chain. (Decrypt) (AC-Looking into the future, this type of project will become a reality. How and who are the questions to be answered.)

-Bitcoin Community-
1. CleanSpark reports $162.3 million in quarterly revenue: 'Why buy bitcoin at current prices when we can mine it for $34,000?' CleanSpark is one of the industry’s “pure-play” miners, preferring to focus on Bitcoin rather than diversify into the AI data center hosting opportunities explored by many of its rivals. (TheBlock)

-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 44/100 (Down 10 pts)

Analyst Comments (AC): NSTR

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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report