21Mikes on Nostr: BTC Daily Intelligence Bulletin (DIB) Block: 832,539 DTG/ICOD: 0800EST 29Feb24 ...
BTC Daily Intelligence Bulletin (DIB)
Block: 832,539
DTG/ICOD: 0800EST 29Feb24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Dozens Killed in Gaza Food Aid Distribution / SCOTUS to Hear Trump Immunity Case / Texas Fire Continues / BTC ETFs See Highest Inflows Yet / Coinbase Outage Has Customers on Edge
Market Data: Price: 1 BTC= $62,639, 30.87 oz Gold, .15 Median US House
24hr Hi: $63,913 / Lo: $59,358
Vol: $91B (Up 90%)
Mkt Cap: $1.23T (Up 6%)
HashRate: 549 EH/s
Avg Fees: 8,613 sats/tx (Down 50%)
Nodes: 18,316
---Reports---
-International Events-
1. Conflicting reports in Gaza: Hamas health officials claimed more than 70 Palestinians waiting for humanitarian aid in Gaza City were killed by Israeli forces. The IDF says that as humanitarian aid was being delivered to the northern Gaza Strip, a “violent gathering” erupted surrounding the trucks, during which Palestinians looted the equipment. (TimesOfIsrael) Meanwhile (AlJazzerra) reports: ‘Massacre’: Dozens killed by Israeli fire in Gaza while collecting food aid. Desperate residents under Israeli attack while trying to get flour for families as famine stalks the strip.
2. Several killed in attack on Chad's intelligence services office in capital, says government: An attack on the office of Chad's ANSE internal security agency in the capital N'Djamena has killed several people, the government said Wednesday. Blame for the overnight assault rests on activists from the opposition Socialist Party Without Borders (PSF), headed by Yaya Dillo (France24)
3. Many in Iran are frustrated by unrest and poor economy. Parliament elections could see a low turnout: Iran is holding parliamentary elections this Friday, yet the real question may not be who gets elected but how many people actually turn out to vote. Widespread discontent over the cratering economy, years of mass protests rocking the country, and tensions with the West over Tehran’s nuclear program and Iran’s support for Russia in its war on Ukraine have many people quietly saying they won’t vote in this election. (AP)
-US Events-
1. Supreme Court to hear Trump's criminal immunity claim, further delaying Jan. 6 trial: The justices said in an order issued Wednesday that they will take up the question in oral arguments during the week of April 22 -- which further delays Trump's prosecution, already paused while he has been pressing his immunity appeal in the lower courts. (ABC)
2. Illinois judge removes Trump from state ballot, citing 'insurrectionist ban': On Wednesday, Cook County Circuit Judge Tracie Porter sided with voters who argued that the former president should be disqualified from the state’s 19 March primary ballot and the 5 November general election ballot for violating the anti-insurrection clause of the US Constitution’s 14th Amendment. However, Judge Porter delayed her ruling from taking effect in light of an expected appeal by the former president. (IndependentUK)
3. Texas battles second-biggest wildfire disaster in state history: A rapidly spreading Texas wildfire has killed one person, forced residents to evacuate, cut off power to homes and businesses, and briefly paused operations at a nuclear weapons facility. The fire has burned 850,000 acres of land north of the city of Amarillo. Texas Governor Greg Abbott issued a disaster declaration for 60 counties. (BBC)
-Regulatory and Legal-
1. U.S. Government Crypto Wallets Transfer Nearly $1B of Bitcoin Seized From Bitfinex Hacker: Wallets containing bitcoin seized by the U.S. government in the notorious Bitfinex hack – later leading to guilty pleas for Ilya Lichtenstein and Heather "Razzlekhan" Morgan – have suddenly become active. Nearly $1 billion has been transferred from wallets tagged in the case to unidentified addresses, in a series of four transactions in less than two hours' time. The motive or purpose of the transactions isn't clear; the U.S. government didn't immediately reply to CoinDesk's request for comment. (CoinDesk)
-Institutional Concerns-
1. Spot Bitcoin ETFs record new ATH of $680M as BTC bull run gathers pace: Spot Bitcoin ETFs raked in nearly $680 million worth of investments. Out of the 10 players approved by the U.S. Securities and Exchange Commission, the daily inflows are attributed to five — iShares Bitcoin Trust ($612.1 million), Fidelity Wise Origin Bitcoin Fund ($245.2 million), Bitwise Bitcoin ETF ($9.9 million), ARK 21Shares Bitcoin ETF ($23.8 million) and WisdomTree Bitcoin ETF ($2.2 million). (CoinTelegraph)
2. Coinbase says services restored after outage affects trading accounts: Coinbase Global said on Wednesday that all services on its website have been restored after an issue earlier in the day caused some users to see zero balance across their accounts. "Very few customers may still see an inaccurate balance on their account. Our team is working on resolving this display issue for these users," the crypto exchange added in a post on social media platform X. (Reuters)
3. Morgan Stanley Evaluating Spot Bitcoin ETFs for Its Giant Brokerage Platform: Wall Street giant Morgan Stanley is in the midst of performing due diligence to add spot bitcoin ETF products to its brokerage platform, according to two people with knowledge of the matter. (CoinDesk)
-Central Bank Digital Currencies (CBDC)-
1. Hong Kong Will Expand Its Chinese CBDC Pilot: The government aims to allow more residents to top up their e-CNY wallets through the local Faster Payment System (FPS). The Hong Kong Monetary Authority (HKMA) has also been involved in the mBridge CBDC project for wholesale cross-border payments. (Decrypt)
-Economic Indicators-
1. Various economic reports are due today: Producer index and jobs data this morning.
-Technological Updates-'
NSTR
-Security Incidents and Concerns-
1. Crypto exchange Gemini to pay $1.1 billion back to customers: Gemini Trust, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, will return at least $1.1 billion to customers of its now shuttered lending program, following a settlement with a New York regulator. Gemini will also pay a $37 million fine to the regulator “for significant failures that threatened the safety and soundness of the company,” (CNN)
-Bitcoin Community-
NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 80/100 (Down 2 pts)
Analyst Comments (AC):
Follow us on NOSTR: Bitcoin Veterans (npub1qkt…ms0r)
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Block: 832,539
DTG/ICOD: 0800EST 29Feb24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Dozens Killed in Gaza Food Aid Distribution / SCOTUS to Hear Trump Immunity Case / Texas Fire Continues / BTC ETFs See Highest Inflows Yet / Coinbase Outage Has Customers on Edge
Market Data: Price: 1 BTC= $62,639, 30.87 oz Gold, .15 Median US House
24hr Hi: $63,913 / Lo: $59,358
Vol: $91B (Up 90%)
Mkt Cap: $1.23T (Up 6%)
HashRate: 549 EH/s
Avg Fees: 8,613 sats/tx (Down 50%)
Nodes: 18,316
---Reports---
-International Events-
1. Conflicting reports in Gaza: Hamas health officials claimed more than 70 Palestinians waiting for humanitarian aid in Gaza City were killed by Israeli forces. The IDF says that as humanitarian aid was being delivered to the northern Gaza Strip, a “violent gathering” erupted surrounding the trucks, during which Palestinians looted the equipment. (TimesOfIsrael) Meanwhile (AlJazzerra) reports: ‘Massacre’: Dozens killed by Israeli fire in Gaza while collecting food aid. Desperate residents under Israeli attack while trying to get flour for families as famine stalks the strip.
2. Several killed in attack on Chad's intelligence services office in capital, says government: An attack on the office of Chad's ANSE internal security agency in the capital N'Djamena has killed several people, the government said Wednesday. Blame for the overnight assault rests on activists from the opposition Socialist Party Without Borders (PSF), headed by Yaya Dillo (France24)
3. Many in Iran are frustrated by unrest and poor economy. Parliament elections could see a low turnout: Iran is holding parliamentary elections this Friday, yet the real question may not be who gets elected but how many people actually turn out to vote. Widespread discontent over the cratering economy, years of mass protests rocking the country, and tensions with the West over Tehran’s nuclear program and Iran’s support for Russia in its war on Ukraine have many people quietly saying they won’t vote in this election. (AP)
-US Events-
1. Supreme Court to hear Trump's criminal immunity claim, further delaying Jan. 6 trial: The justices said in an order issued Wednesday that they will take up the question in oral arguments during the week of April 22 -- which further delays Trump's prosecution, already paused while he has been pressing his immunity appeal in the lower courts. (ABC)
2. Illinois judge removes Trump from state ballot, citing 'insurrectionist ban': On Wednesday, Cook County Circuit Judge Tracie Porter sided with voters who argued that the former president should be disqualified from the state’s 19 March primary ballot and the 5 November general election ballot for violating the anti-insurrection clause of the US Constitution’s 14th Amendment. However, Judge Porter delayed her ruling from taking effect in light of an expected appeal by the former president. (IndependentUK)
3. Texas battles second-biggest wildfire disaster in state history: A rapidly spreading Texas wildfire has killed one person, forced residents to evacuate, cut off power to homes and businesses, and briefly paused operations at a nuclear weapons facility. The fire has burned 850,000 acres of land north of the city of Amarillo. Texas Governor Greg Abbott issued a disaster declaration for 60 counties. (BBC)
-Regulatory and Legal-
1. U.S. Government Crypto Wallets Transfer Nearly $1B of Bitcoin Seized From Bitfinex Hacker: Wallets containing bitcoin seized by the U.S. government in the notorious Bitfinex hack – later leading to guilty pleas for Ilya Lichtenstein and Heather "Razzlekhan" Morgan – have suddenly become active. Nearly $1 billion has been transferred from wallets tagged in the case to unidentified addresses, in a series of four transactions in less than two hours' time. The motive or purpose of the transactions isn't clear; the U.S. government didn't immediately reply to CoinDesk's request for comment. (CoinDesk)
-Institutional Concerns-
1. Spot Bitcoin ETFs record new ATH of $680M as BTC bull run gathers pace: Spot Bitcoin ETFs raked in nearly $680 million worth of investments. Out of the 10 players approved by the U.S. Securities and Exchange Commission, the daily inflows are attributed to five — iShares Bitcoin Trust ($612.1 million), Fidelity Wise Origin Bitcoin Fund ($245.2 million), Bitwise Bitcoin ETF ($9.9 million), ARK 21Shares Bitcoin ETF ($23.8 million) and WisdomTree Bitcoin ETF ($2.2 million). (CoinTelegraph)
2. Coinbase says services restored after outage affects trading accounts: Coinbase Global said on Wednesday that all services on its website have been restored after an issue earlier in the day caused some users to see zero balance across their accounts. "Very few customers may still see an inaccurate balance on their account. Our team is working on resolving this display issue for these users," the crypto exchange added in a post on social media platform X. (Reuters)
3. Morgan Stanley Evaluating Spot Bitcoin ETFs for Its Giant Brokerage Platform: Wall Street giant Morgan Stanley is in the midst of performing due diligence to add spot bitcoin ETF products to its brokerage platform, according to two people with knowledge of the matter. (CoinDesk)
-Central Bank Digital Currencies (CBDC)-
1. Hong Kong Will Expand Its Chinese CBDC Pilot: The government aims to allow more residents to top up their e-CNY wallets through the local Faster Payment System (FPS). The Hong Kong Monetary Authority (HKMA) has also been involved in the mBridge CBDC project for wholesale cross-border payments. (Decrypt)
-Economic Indicators-
1. Various economic reports are due today: Producer index and jobs data this morning.
-Technological Updates-'
NSTR
-Security Incidents and Concerns-
1. Crypto exchange Gemini to pay $1.1 billion back to customers: Gemini Trust, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, will return at least $1.1 billion to customers of its now shuttered lending program, following a settlement with a New York regulator. Gemini will also pay a $37 million fine to the regulator “for significant failures that threatened the safety and soundness of the company,” (CNN)
-Bitcoin Community-
NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 80/100 (Down 2 pts)
Analyst Comments (AC):
Follow us on NOSTR: Bitcoin Veterans (npub1qkt…ms0r)
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report