Bitcoin Veterans on Nostr: BTC Daily Intelligence Bulletin (DIB) Block: 876,034 DTG/ICOD: 1200Z 23Dec24 ...
BTC Daily Intelligence Bulletin (DIB)
Block: 876,034
DTG/ICOD: 1200Z 23Dec24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Car Attack in Germany Ignites Reaction / US Jet Fighter Shot Down By US / Protests Swell in Serbia / USG Shutdown Averted / Biden Commutes 37 Death Sentences / Woman Set on Fire in NYC by Immigrant / Saylor Presents Digital Asset Plan to Trump / Bo Hines Named Crypto Council Exec Director / Metaplanet Buys the Dip / Tether Invests in Rumble / SpaceX Uses Stablecoins in Global Trade
Market Data: Price: 1 BTC= $95,820, 36.73 oz Gold, .22 Median US House
24hr Hi: $97,180 / Lo: $93,690
Vol: $53B (Up 25%)
Mkt Cap: $1.89T (Down 1%)
HashRate: 791 EH/s
Avg Fee Rate: 8 sats/vBtye (Up 33%)
Nodes: 20,664
---Reports---
-International Events-
1. Security questions over Christmas market attack in Magdeburg: German security forces faced a series of difficult questions at Saturday's press conference in Magdeburg. Friday night's attack, in which Talib A.*, a 50-year-old Saudi man rammed a car into a crowd at a busy Christmas market in the Saxony-Anhalt capital, left five people dead and 200 more injured. How come apparent warnings from Saudi authorities were not heeded? How did disturbing social media posts by the suspected perpetrator fail to raise alarm bells? (DW)
2. U.S. Super Hornet Shot Down Over Red Sea in Friendly Fire Incident; Aviators Safe: The Super Hornet, assigned to aircraft carrier USS Harry S. Truman (CVN-75), was flying over the Red Sea when guided-missile cruiser USS Gettysburg (CG-64) fired upon it, according to the CENTCOM statement. Both pilots were safely recovered. Initial assessments indicate that one of the crew members sustained minor injuries. This incident was not the result of hostile fire, and a full investigation is underway. (USNI)
3. Tens of thousands gather in anti-government protest in Belgrade: Tens of thousands of people gathered in central Belgrade on Sunday to protest against President Aleksandar Vucic and his ruling Serbian Progressive Party (SNS), whom they blame for a railway station roof collapse last month that killed 15 people. (Reuters)
-US Events-
1. US Averts Government Shutdown - Congressional leaders have reached an agreement to avoid a looming government shutdown, showcasing last-minute bipartisan efforts to keep government operations funded. (ABC)
2. Biden commutes most federal death row sentences to life in prison before Trump takes office: resident Biden is granting clemency to 37 of the 40 federal inmates facing death sentences. Their sentences will be commuted to life in prison without the possibility of parole. The three inmates who didn't get clemency are the convicted murderer in the Tree of Life Synagogue shooting, the gunman at Mother Emanuel Church in Charleston, and the surviving Boston Marathon bomber. (CBS)
3. Woman Set on Fire in NYC Subway - A shocking incident where a woman was killed after being set on fire by Sebastian Zapeta in a Brooklyn subway, sparking discussions on subway safety, police response, and immigration policies. The suspect was arrested at another subway station in Manhattan about eight hours after the attack, police said. (CNN, X)
-Regulatory and Legal-
1. Michael Saylor Presents Framework for Digital Assets to Strengthen U.S. Leadership: On social media, Saylor posted a document titled “Digital Assets Framework, Principles, and Opportunity for the United States,” which defines the guidelines that the country’s institutions must follow to turn the US into a digital assets haven. The first is establishing a clear taxonomy for these assets and defining what constitutes a security, a commodity, a currency, a token, a non-fungible token (NFT), and an asset-backed token (ABT). He believes this is “critical to advancing policy and fostering innovation.” (BitcoinCom, X)
2. Trump’s Crypto Council Takes Shape With Bo Hines As Executive Director: Hines, a 29-year-old Yale graduate and former college football player, is slated to serve as the leader of this advisory group, in addition to David Sacks, who has been designated as the “Crypto Czar.” Hines will work with Sacks to make sure business leaders have the necessary tools to succeed. (Bitcoinist)
-Central Bank Digital Currencies/World Currencies-
NSTR
-Institutional Concerns-
1. Metaplanet buys the dip with biggest-ever 620 Bitcoin buy: It was the largest single purchase the firm has made since it started buying Bitcoin in May and nearly quadrupled the value of its previous record buy of 159.7 BTC on Oct. 28. (CoinTelegraph)
2. Tether to make $775 million 'strategic investment' in Rumble, shares rally 44.6%: Tether, the world’s largest stablecoin issuer, has made a “strategic investment” of $775 million into YouTube-alternative platform Rumble, according to a Reuters wire. The move seemingly represents a deepening focus on the crypto industry for Rumble, which announced last month that it would allocate up to $20 million of its excess cash reserves to bitcoin. (TheBlock) (AC-Interesting development.)
3. Elon Musk’s SpaceX uses stablecoins to hedge against foreign exchange risks: According to Chamath Palihapitiya, SpaceX collects payments from all customers of Starlink in “long-tail countries,” and converts them to stablecoins. According to Palihapitiya, stablecoins should become the primary method of cross-border transactions in the U.S., which would allow “us to chip away all of this decrepit infrastructure that the banks use to sort of slow down and tax a process that should never have been taxed.” (CryptoSlate) (AC-Stablecoins are emerging as an efficient medium of exchange across borders, and often easier to understand for those who have not studied bitcoin. Counterparty risk is still the major issue with stablecoins, however.)
-Economic Indicators-
1. US Personal Spending Remains Strong: Personal spending in the United States rose by 0.4% from the previous month to an annualized rate of $20.2 trillion in November of 2024, extending the 0.4% increase from October, and loosely in line with market expectations of a 0.5% expansion. (TradingEconomics)
2. US Personal Income Rises Less Than Expected: US personal income rose by 0.3% from the previous month in November 2024, the smallest increase in three months, following an upwardly revised 0.7% rise in October and slightly below market forecasts of a 0.4% advance. (TradingEconomics)
-Security Incidents and Concerns-
NSTR
-Technology and Science-
1. Human Stem Cell Models For Spine Formation Successfully Created: A new breakthrough for spine and nervous system formation was successfully achieved by researchers where they were able to develop human stem cell models that will soon help in addressing the problems directly on the embryo. Human development and growth are different for each person, and when one faces a problem in their spine or nervous system's formation, it is a crucial issue that could be a matter of life and death. (TechTimes)
-Bitcoin Community-
NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 70/100 (Down 1 pts)
Analyst Comments (AC): News is light on this week of Christmas celebration. The Bitcoin Veterans DIB will resume reporting as necessary or following the holiday celebration. Go touch grass, be thankful and stack for the future.
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Block: 876,034
DTG/ICOD: 1200Z 23Dec24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Car Attack in Germany Ignites Reaction / US Jet Fighter Shot Down By US / Protests Swell in Serbia / USG Shutdown Averted / Biden Commutes 37 Death Sentences / Woman Set on Fire in NYC by Immigrant / Saylor Presents Digital Asset Plan to Trump / Bo Hines Named Crypto Council Exec Director / Metaplanet Buys the Dip / Tether Invests in Rumble / SpaceX Uses Stablecoins in Global Trade
Market Data: Price: 1 BTC= $95,820, 36.73 oz Gold, .22 Median US House
24hr Hi: $97,180 / Lo: $93,690
Vol: $53B (Up 25%)
Mkt Cap: $1.89T (Down 1%)
HashRate: 791 EH/s
Avg Fee Rate: 8 sats/vBtye (Up 33%)
Nodes: 20,664
---Reports---
-International Events-
1. Security questions over Christmas market attack in Magdeburg: German security forces faced a series of difficult questions at Saturday's press conference in Magdeburg. Friday night's attack, in which Talib A.*, a 50-year-old Saudi man rammed a car into a crowd at a busy Christmas market in the Saxony-Anhalt capital, left five people dead and 200 more injured. How come apparent warnings from Saudi authorities were not heeded? How did disturbing social media posts by the suspected perpetrator fail to raise alarm bells? (DW)
2. U.S. Super Hornet Shot Down Over Red Sea in Friendly Fire Incident; Aviators Safe: The Super Hornet, assigned to aircraft carrier USS Harry S. Truman (CVN-75), was flying over the Red Sea when guided-missile cruiser USS Gettysburg (CG-64) fired upon it, according to the CENTCOM statement. Both pilots were safely recovered. Initial assessments indicate that one of the crew members sustained minor injuries. This incident was not the result of hostile fire, and a full investigation is underway. (USNI)
3. Tens of thousands gather in anti-government protest in Belgrade: Tens of thousands of people gathered in central Belgrade on Sunday to protest against President Aleksandar Vucic and his ruling Serbian Progressive Party (SNS), whom they blame for a railway station roof collapse last month that killed 15 people. (Reuters)
-US Events-
1. US Averts Government Shutdown - Congressional leaders have reached an agreement to avoid a looming government shutdown, showcasing last-minute bipartisan efforts to keep government operations funded. (ABC)
2. Biden commutes most federal death row sentences to life in prison before Trump takes office: resident Biden is granting clemency to 37 of the 40 federal inmates facing death sentences. Their sentences will be commuted to life in prison without the possibility of parole. The three inmates who didn't get clemency are the convicted murderer in the Tree of Life Synagogue shooting, the gunman at Mother Emanuel Church in Charleston, and the surviving Boston Marathon bomber. (CBS)
3. Woman Set on Fire in NYC Subway - A shocking incident where a woman was killed after being set on fire by Sebastian Zapeta in a Brooklyn subway, sparking discussions on subway safety, police response, and immigration policies. The suspect was arrested at another subway station in Manhattan about eight hours after the attack, police said. (CNN, X)
-Regulatory and Legal-
1. Michael Saylor Presents Framework for Digital Assets to Strengthen U.S. Leadership: On social media, Saylor posted a document titled “Digital Assets Framework, Principles, and Opportunity for the United States,” which defines the guidelines that the country’s institutions must follow to turn the US into a digital assets haven. The first is establishing a clear taxonomy for these assets and defining what constitutes a security, a commodity, a currency, a token, a non-fungible token (NFT), and an asset-backed token (ABT). He believes this is “critical to advancing policy and fostering innovation.” (BitcoinCom, X)
2. Trump’s Crypto Council Takes Shape With Bo Hines As Executive Director: Hines, a 29-year-old Yale graduate and former college football player, is slated to serve as the leader of this advisory group, in addition to David Sacks, who has been designated as the “Crypto Czar.” Hines will work with Sacks to make sure business leaders have the necessary tools to succeed. (Bitcoinist)
-Central Bank Digital Currencies/World Currencies-
NSTR
-Institutional Concerns-
1. Metaplanet buys the dip with biggest-ever 620 Bitcoin buy: It was the largest single purchase the firm has made since it started buying Bitcoin in May and nearly quadrupled the value of its previous record buy of 159.7 BTC on Oct. 28. (CoinTelegraph)
2. Tether to make $775 million 'strategic investment' in Rumble, shares rally 44.6%: Tether, the world’s largest stablecoin issuer, has made a “strategic investment” of $775 million into YouTube-alternative platform Rumble, according to a Reuters wire. The move seemingly represents a deepening focus on the crypto industry for Rumble, which announced last month that it would allocate up to $20 million of its excess cash reserves to bitcoin. (TheBlock) (AC-Interesting development.)
3. Elon Musk’s SpaceX uses stablecoins to hedge against foreign exchange risks: According to Chamath Palihapitiya, SpaceX collects payments from all customers of Starlink in “long-tail countries,” and converts them to stablecoins. According to Palihapitiya, stablecoins should become the primary method of cross-border transactions in the U.S., which would allow “us to chip away all of this decrepit infrastructure that the banks use to sort of slow down and tax a process that should never have been taxed.” (CryptoSlate) (AC-Stablecoins are emerging as an efficient medium of exchange across borders, and often easier to understand for those who have not studied bitcoin. Counterparty risk is still the major issue with stablecoins, however.)
-Economic Indicators-
1. US Personal Spending Remains Strong: Personal spending in the United States rose by 0.4% from the previous month to an annualized rate of $20.2 trillion in November of 2024, extending the 0.4% increase from October, and loosely in line with market expectations of a 0.5% expansion. (TradingEconomics)
2. US Personal Income Rises Less Than Expected: US personal income rose by 0.3% from the previous month in November 2024, the smallest increase in three months, following an upwardly revised 0.7% rise in October and slightly below market forecasts of a 0.4% advance. (TradingEconomics)
-Security Incidents and Concerns-
NSTR
-Technology and Science-
1. Human Stem Cell Models For Spine Formation Successfully Created: A new breakthrough for spine and nervous system formation was successfully achieved by researchers where they were able to develop human stem cell models that will soon help in addressing the problems directly on the embryo. Human development and growth are different for each person, and when one faces a problem in their spine or nervous system's formation, it is a crucial issue that could be a matter of life and death. (TechTimes)
-Bitcoin Community-
NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 70/100 (Down 1 pts)
Analyst Comments (AC): News is light on this week of Christmas celebration. The Bitcoin Veterans DIB will resume reporting as necessary or following the holiday celebration. Go touch grass, be thankful and stack for the future.
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report