Bitcoin Veterans on Nostr: BTC Daily Intelligence Bulletin (DIB) Block: 875,008 DTG/ICOD: 1200Z 16Dec24 ...
BTC Daily Intelligence Bulletin (DIB)
Block: 875,008
DTG/ICOD: 1200Z 16Dec24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Cyclone Hits French Territory Mayotte / Sheikh Nabhan Killed in Gaza / Heavy Israeli Strikes in Syria / Drones Over US Stump Authorities / Trumps May Privatize USPS / CEO Mallers Says Trump May Begin BTC Reserve on Day One / Japan Considers BTC Reserve / MSTR Joins Nasaq 100 / New Highs for BTC / Uber Scammer Raided Coinbase Accounts / Grok is Free / New Hashrate ATH / FASB Accounting for Crypto Begins
Market Data: Price: 1 BTC= $104,041, 39.08 oz Gold, .24 Median US House
24hr Hi: $106,488 / Lo: $102,432
Vol: $67B (Up 60%)
Mkt Cap: $2.05T (Down 1%)
HashRate: 778 EH/s
Avg Fee Rate: 9 sats/vBtye (Up 22%)
Nodes: 20,609
---Reports---
-International Events-
1. Authorities fear 'several hundred' killed by Cyclone Chido in French Territory of Mayotte: The situation is' catastrophic 'in Mayotte, French territory in the Indian Ocean after the passage of Cyclone Chido over the archipelago on Saturday morning. (GroundNews)
2. Sheikh Khaled Nabhan Killed in Gaza Airstrike: Sheikh Khaled Nabhan, known widely for his emotional response to the death of his granddaughter Reem in previous Israeli military actions, was killed today in an Israeli airstrike in Nuseirat refugee camp in central Gaza. This incident adds to the ongoing conflict's toll on Palestinian families, drawing attention both locally and globally. (X)
3. Heavy Israeli airstrikes reported on Syrian military sites in coastal Tartus region: Latest raids said to hit sites including air defense units and surface-to-surface missile depots; war monitor calls them ‘heaviest strikes in Syria’s coastal region since 2012’. As well as the major aerial campaign, Israel also entered a United Nations-patrolled buffer zone on the Golan Heights just hours after the rebels, led by HTS, took Damascus. Israel has said it will not become involved in the conflict in Syria and that its seizure of the buffer zone established in 1974 was a temporary defensive move that would last only until it could guarantee security along the frontier. (TimesOfIsrael)
-US Events-
1. What we know about the mysterious drones reported over the East Coast: The possible drones have been spotted over residential neighborhoods, restricted sites and critical infrastructure. Reported drone activity prompted at least one airport – New York’s Stewart International Airport – to temporarily close its runways for about an hour on Friday night. The FBI and DHS said in a joint statement Thursday there is “no evidence at this time that the reported drone sightings pose a national security or public safety threat or have a foreign nexus.” Representatives from the federal agencies investigating the drones have briefed local officials behind closed doors, stating the drones sometimes appear to fly in a coordinated pattern and can remain in flight for up to six hours. (CNN) (AC-Speculation is rampant and the truth is probably somewhere in between hobbyist pilots, industry testing, normal planes/helos, and those with nefarious purposes.)
2. Trump Looking into Privatizing U.S. Postal Service: While Trump’s plans regarding how he plans to overhaul the Postal Service were not “immediately clear,” one of the sources told the outlet that Trump had met with “a group of transition officials” and had requested their input on “privatizing the agency.” (Breitbart)
-Regulatory and Legal-
NSTR
-Central Bank Digital Currencies/World Currencies-
1. Trump May Use Bitcoin As US Reserve Asset On 'Day One': Donald Trump will likely issue an executive order on his first day in office to designate Bitcoin as a United States reserve asset, according to Jack Mallers, CEO and founder of Strike. “It wouldn't be the size and scale of 1 million coins but it would be a significant position.", he said. (ZeroHedge)
2. Japan Is Latest Country to Consider Bitcoin National Reserve: A Japanese lawmaker has submitted a formal request to discuss the possibility of launching a national Bitcoin reserve in the country. This initiative follows similar calls by lawmakers in Russia, Brazil, Poland, and the U.S., as Bitcoin's price reached a new all-time high. The proposal is expected to garner support in Japan's legislature, despite the small political party affiliation of the member who introduced it. (Decrypt)
-Institutional Concerns-
1. Crypto products record 10th consecutive week of inflows at $3.2B: The milestone follows a series of consecutive weekly inflows since early October, with the past 10 weeks alone bringing $20.3 billion, accounting for 45% of all inflows in 2024. Meanwhile, the Bitcoin to gold ratio hit a new ATH at 40 gold ounces per BTC as the Bitcoin price peaked above $106,000 on Dec. 16. (CoinTelegraph)
2. MicroStrategy Added to Nasdaq 100 Index Following Market Cap Growth: MicroStrategy, after achieving a $97.94 billion market cap through Bitcoin investments, will join the Nasdaq 100 index on December 23, 2024, gaining access to major ETF investment flows while facing potential future reclassification risks. (Blockonomi)
-Economic Indicators-
1. Bitcoin Hits New Record Highs: Bitcoin climbed above $106,000 on Monday before paring some gains, reaching new all-time highs driven by US President-elect Donald Trump’s strong support for digital assets and plans to create a friendly regulatory environment for the sector. (TradingEconomics)
2. Nasdaq Hits Fresh Record on AI Boost: US stocks advanced on Friday, with the Nasdaq gaining 0.8% to reach a new record high, fueled by investor enthusiasm for artificial intelligence and the tech sector. (TradingEconomics)
-Security Incidents and Concerns-
1. How a Scammer Stole $300,000 Worth of Crypto by Impersonating Uber Drivers: The Scottsdale Police Department claims that Nuruhussein Hussein onboarded the passengers in front of a local hotel by posing as the Uber they had ordered. With the passengers inside, he asked the alleged victims if he could borrow their phone and claimed that his was broken. Phone in hand, Hussein reportedly emptied the victim’s Coinbase accounts, transferring the funds to an address he controlled. U.S. Secret Service agents arrested Hussein on Dec. 11 and charged him with theft, fraud and money laundering. (Decrypt)
-Technology and Science-
1. X Premium Users Enraged After Musk Makes XAI Chatbot Grok Free: 'What the Hell Are We Paying For?': Elon Musk announced that XAI's chatbot Grok will now be free to all users, enraging X Premium users who began asking if their subscription was even worth it now. (IBTimes)
-Bitcoin Community-
1. Small-Scale Bitcoin Wallets Are Booming: Addresses With Less Than 1 BTC Surges: Data from the CryptoQuant author reveals that the average number of wallet addresses holding 1 BTC or below has risen to about 323,000. This growth represents an over 21% surge from its previous level. (Bitcoinist)
2. Bitcoin Breaks Barriers: Network Hashrate Smashes 800 EH/s: Bitcoin’s network hashrate has soared past the 800 exahash per second (EH/s) mark, based on the seven-day simple moving average (SMA). The network’s computing might has hit a record-breaking high of 805 EH/s. (BItcoinCOm)
3. New fair value Bitcoin accounting rules go live paving way for corporate reserve adoption: Under the new rule, companies must measure their crypto holdings at fair value and update these valuations in every reporting period. The crypto community has widely welcomed this regulatory progress. Many believe the enhanced transparency and standardized reporting will further mainstream Bitcoin and drive institutional adoption globally. (CryptoSlate)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 83/100 (Up 7 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Block: 875,008
DTG/ICOD: 1200Z 16Dec24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Cyclone Hits French Territory Mayotte / Sheikh Nabhan Killed in Gaza / Heavy Israeli Strikes in Syria / Drones Over US Stump Authorities / Trumps May Privatize USPS / CEO Mallers Says Trump May Begin BTC Reserve on Day One / Japan Considers BTC Reserve / MSTR Joins Nasaq 100 / New Highs for BTC / Uber Scammer Raided Coinbase Accounts / Grok is Free / New Hashrate ATH / FASB Accounting for Crypto Begins
Market Data: Price: 1 BTC= $104,041, 39.08 oz Gold, .24 Median US House
24hr Hi: $106,488 / Lo: $102,432
Vol: $67B (Up 60%)
Mkt Cap: $2.05T (Down 1%)
HashRate: 778 EH/s
Avg Fee Rate: 9 sats/vBtye (Up 22%)
Nodes: 20,609
---Reports---
-International Events-
1. Authorities fear 'several hundred' killed by Cyclone Chido in French Territory of Mayotte: The situation is' catastrophic 'in Mayotte, French territory in the Indian Ocean after the passage of Cyclone Chido over the archipelago on Saturday morning. (GroundNews)
2. Sheikh Khaled Nabhan Killed in Gaza Airstrike: Sheikh Khaled Nabhan, known widely for his emotional response to the death of his granddaughter Reem in previous Israeli military actions, was killed today in an Israeli airstrike in Nuseirat refugee camp in central Gaza. This incident adds to the ongoing conflict's toll on Palestinian families, drawing attention both locally and globally. (X)
3. Heavy Israeli airstrikes reported on Syrian military sites in coastal Tartus region: Latest raids said to hit sites including air defense units and surface-to-surface missile depots; war monitor calls them ‘heaviest strikes in Syria’s coastal region since 2012’. As well as the major aerial campaign, Israel also entered a United Nations-patrolled buffer zone on the Golan Heights just hours after the rebels, led by HTS, took Damascus. Israel has said it will not become involved in the conflict in Syria and that its seizure of the buffer zone established in 1974 was a temporary defensive move that would last only until it could guarantee security along the frontier. (TimesOfIsrael)
-US Events-
1. What we know about the mysterious drones reported over the East Coast: The possible drones have been spotted over residential neighborhoods, restricted sites and critical infrastructure. Reported drone activity prompted at least one airport – New York’s Stewart International Airport – to temporarily close its runways for about an hour on Friday night. The FBI and DHS said in a joint statement Thursday there is “no evidence at this time that the reported drone sightings pose a national security or public safety threat or have a foreign nexus.” Representatives from the federal agencies investigating the drones have briefed local officials behind closed doors, stating the drones sometimes appear to fly in a coordinated pattern and can remain in flight for up to six hours. (CNN) (AC-Speculation is rampant and the truth is probably somewhere in between hobbyist pilots, industry testing, normal planes/helos, and those with nefarious purposes.)
2. Trump Looking into Privatizing U.S. Postal Service: While Trump’s plans regarding how he plans to overhaul the Postal Service were not “immediately clear,” one of the sources told the outlet that Trump had met with “a group of transition officials” and had requested their input on “privatizing the agency.” (Breitbart)
-Regulatory and Legal-
NSTR
-Central Bank Digital Currencies/World Currencies-
1. Trump May Use Bitcoin As US Reserve Asset On 'Day One': Donald Trump will likely issue an executive order on his first day in office to designate Bitcoin as a United States reserve asset, according to Jack Mallers, CEO and founder of Strike. “It wouldn't be the size and scale of 1 million coins but it would be a significant position.", he said. (ZeroHedge)
2. Japan Is Latest Country to Consider Bitcoin National Reserve: A Japanese lawmaker has submitted a formal request to discuss the possibility of launching a national Bitcoin reserve in the country. This initiative follows similar calls by lawmakers in Russia, Brazil, Poland, and the U.S., as Bitcoin's price reached a new all-time high. The proposal is expected to garner support in Japan's legislature, despite the small political party affiliation of the member who introduced it. (Decrypt)
-Institutional Concerns-
1. Crypto products record 10th consecutive week of inflows at $3.2B: The milestone follows a series of consecutive weekly inflows since early October, with the past 10 weeks alone bringing $20.3 billion, accounting for 45% of all inflows in 2024. Meanwhile, the Bitcoin to gold ratio hit a new ATH at 40 gold ounces per BTC as the Bitcoin price peaked above $106,000 on Dec. 16. (CoinTelegraph)
2. MicroStrategy Added to Nasdaq 100 Index Following Market Cap Growth: MicroStrategy, after achieving a $97.94 billion market cap through Bitcoin investments, will join the Nasdaq 100 index on December 23, 2024, gaining access to major ETF investment flows while facing potential future reclassification risks. (Blockonomi)
-Economic Indicators-
1. Bitcoin Hits New Record Highs: Bitcoin climbed above $106,000 on Monday before paring some gains, reaching new all-time highs driven by US President-elect Donald Trump’s strong support for digital assets and plans to create a friendly regulatory environment for the sector. (TradingEconomics)
2. Nasdaq Hits Fresh Record on AI Boost: US stocks advanced on Friday, with the Nasdaq gaining 0.8% to reach a new record high, fueled by investor enthusiasm for artificial intelligence and the tech sector. (TradingEconomics)
-Security Incidents and Concerns-
1. How a Scammer Stole $300,000 Worth of Crypto by Impersonating Uber Drivers: The Scottsdale Police Department claims that Nuruhussein Hussein onboarded the passengers in front of a local hotel by posing as the Uber they had ordered. With the passengers inside, he asked the alleged victims if he could borrow their phone and claimed that his was broken. Phone in hand, Hussein reportedly emptied the victim’s Coinbase accounts, transferring the funds to an address he controlled. U.S. Secret Service agents arrested Hussein on Dec. 11 and charged him with theft, fraud and money laundering. (Decrypt)
-Technology and Science-
1. X Premium Users Enraged After Musk Makes XAI Chatbot Grok Free: 'What the Hell Are We Paying For?': Elon Musk announced that XAI's chatbot Grok will now be free to all users, enraging X Premium users who began asking if their subscription was even worth it now. (IBTimes)
-Bitcoin Community-
1. Small-Scale Bitcoin Wallets Are Booming: Addresses With Less Than 1 BTC Surges: Data from the CryptoQuant author reveals that the average number of wallet addresses holding 1 BTC or below has risen to about 323,000. This growth represents an over 21% surge from its previous level. (Bitcoinist)
2. Bitcoin Breaks Barriers: Network Hashrate Smashes 800 EH/s: Bitcoin’s network hashrate has soared past the 800 exahash per second (EH/s) mark, based on the seven-day simple moving average (SMA). The network’s computing might has hit a record-breaking high of 805 EH/s. (BItcoinCOm)
3. New fair value Bitcoin accounting rules go live paving way for corporate reserve adoption: Under the new rule, companies must measure their crypto holdings at fair value and update these valuations in every reporting period. The crypto community has widely welcomed this regulatory progress. Many believe the enhanced transparency and standardized reporting will further mainstream Bitcoin and drive institutional adoption globally. (CryptoSlate)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 83/100 (Up 7 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report