21Mikes on Nostr: BTC Daily Intelligence Bulletin (DIB) Block: 833,258 DTG/ICOD: 0800EST 05Mar24 ...
BTC Daily Intelligence Bulletin (DIB)
Block: 833,258
DTG/ICOD: 0800EST 05Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Gangs Take Over Haiti Capital / China Increases Defense Spending 7.2% / Ukraine Sinks Russian Ship / Today is Super Tuesday / SCOTUS Unanimous in Trump's Favor / MSTR Sells Notes for More BTC / Binance Calls it Quits in Nigeria
Market Data: Price: 1 BTC= $67,284, 31.68 oz Gold, .16 Median US House
24hr Hi: $68,785/ Lo: $64,761
Vol: $76B (Up 74%)
Mkt Cap: $1.32T (Up 3%)
HashRate: 641 EH/s
Avg Fees: 14,156 sats/tx (Down 45%)
Nodes: 18,291
---Reports---
-International Events-
1. Gangs rule Haiti’s capital. Some say they’re ready to overthrow the government too:Ruthless gangs have a stranglehold on the city, preying on the population, carving neighborhoods into warring criminal fiefdoms, and cutting Haiti’s international port off from the rest of the country. (CNN)
2. China raises defense budget by 7.2% as it pushes for global heft and regional tensions continue: China on Tuesday announced a 7.2% increase in its defense budget, which is already the world’s second-highest behind the United States at 1.6 trillion yuan ($222 billion), roughly mirroring last year’s rise. (AP)
3. Ukraine claims another critical strike on Russia’s Black Sea Fleet: Kyiv’s military intelligence unit says it sank the patrol ship Sergey Kotov near the Crimean peninsula.
-US Events-
1. US Supreme Court rules Colorado cannot ban Trump from presidential ballot: The unanimous ruling is specific to Colorado, but it also overrides challenges brought in other states. Colorado had barred Mr Trump from its Republican primary, arguing he incited the 2021 Capitol riot. The court ruled that only Congress, rather than the states, has that power. (BBC)
2. Super Tuesday expected to boost Trump closer to clinching GOP nomination as Haley makes possible last stand (Breitbart)
-Regulatory and Legal-
1. Sweeping Changes: UK’s New Rules to Freeze and Seize Crypto: The introduction of the Economic Crime and Corporate Transparency Act 2023, passed on October 26, 2023, equips law enforcement with broader powers to intervene in crypto-related crimes directly. Scheduled to take effect from April 26, the legislation facilitates direct access to cryptocurrencies held in exchanges and by custodian wallet providers. (TipRanks) (AC-Get your coin off exchanges)
-Institutional Concerns-
1. BlackRock looking to include Bitcoin exposure in other funds: BlackRock has filed an amendment with the SEC to integrate Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX), according to a March 4 filing. (CryptoSlate)
2. MicroStrategy launches $600 million notes offering to fuel Bitcoin acquisition as stock surges: MicroStrategy is looking to raise $600 million to buy more Bitcoin for its $13 billion stack after its stock surged 23% on March 4. (CryptoSlate)
3. Hong Kong’s Mox Bank To Offer Crypto Investment & Spot Bitcoin ETF Services: The Hong Kong-based virtual bank also hopes to offer U.S. Spot Bitcoin ETF investment solutions. Collaboration with licensed platforms ensures regulatory compliance for Mox Bank's crypto services. (CoinGape)
-Central Bank Digital Currencies (CBDC)-
1. BRICS Will Create Payment System Based on Digital Currencies and Blockchain: The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital technologies, a report by Russian news agency TASS said. (CoinDesk)
-Economic Indicators-
1. US Logistics Sector Rises the Most in 4 Months: The Logistics Manager’s Index in the US increased to 56.5 in February 2024, the highest reading in four months, from 55.6 in January, amid a broad-based expansion in all metrics and continued progress in transportation and the buildup of inventories upstream at the manufacturing and wholesale levels. (TradingEconomics)
-Technological Updates-'
NSTR
-Security Incidents and Concerns-
NSTR
-Bitcoin Community-
1. Exchanges witness unprecedented massive Bitcoin daily withdrawals: Bitcoin withdrawals from exchanges have hit a record, with $2.3 billion leaving in a single day, the highest in over five years. (Cryptopolitan) (AC- Coinbase's troubles with their online app over the last two weeks might have something to do with this)
2. Binance leaves Nigeria, suspending all naira services: According to the platform’s announcement on March 5, starting at 8:00 UTC on March 8, all remaining NGN balances in Binance users’ accounts will be automatically converted to USDT stablecoin. Until this time, users are advised to withdraw NGN. Deposits will be suspended on March 5. (CryptoNews) (AC-Nigeria's government pressured Binance with regulation and 'fees' that it became unsustainable for Binance to operate)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 90/100 (Up 8 pts)
Analyst Comments (AC): With BRICS announcing the usage of blockchain technology for an anti-dollar currency for world trade, it is clear that we've entered a key point in worldwide economic warfare and American hegemony. The details of a new currency matter greatly in how such a desire is manifest. If BRICS decides to use Bitcoin, however, many of those questions can be effectively answered and a true challenge to the USD might ensue. For a possible thought exercise, consider reading the book "The Mandibles" for an extremely similar scenario and its consequences.
Follow us on NOSTR: Bitcoin Veterans (npub1qkt…ms0r)
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Block: 833,258
DTG/ICOD: 0800EST 05Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Gangs Take Over Haiti Capital / China Increases Defense Spending 7.2% / Ukraine Sinks Russian Ship / Today is Super Tuesday / SCOTUS Unanimous in Trump's Favor / MSTR Sells Notes for More BTC / Binance Calls it Quits in Nigeria
Market Data: Price: 1 BTC= $67,284, 31.68 oz Gold, .16 Median US House
24hr Hi: $68,785/ Lo: $64,761
Vol: $76B (Up 74%)
Mkt Cap: $1.32T (Up 3%)
HashRate: 641 EH/s
Avg Fees: 14,156 sats/tx (Down 45%)
Nodes: 18,291
---Reports---
-International Events-
1. Gangs rule Haiti’s capital. Some say they’re ready to overthrow the government too:Ruthless gangs have a stranglehold on the city, preying on the population, carving neighborhoods into warring criminal fiefdoms, and cutting Haiti’s international port off from the rest of the country. (CNN)
2. China raises defense budget by 7.2% as it pushes for global heft and regional tensions continue: China on Tuesday announced a 7.2% increase in its defense budget, which is already the world’s second-highest behind the United States at 1.6 trillion yuan ($222 billion), roughly mirroring last year’s rise. (AP)
3. Ukraine claims another critical strike on Russia’s Black Sea Fleet: Kyiv’s military intelligence unit says it sank the patrol ship Sergey Kotov near the Crimean peninsula.
-US Events-
1. US Supreme Court rules Colorado cannot ban Trump from presidential ballot: The unanimous ruling is specific to Colorado, but it also overrides challenges brought in other states. Colorado had barred Mr Trump from its Republican primary, arguing he incited the 2021 Capitol riot. The court ruled that only Congress, rather than the states, has that power. (BBC)
2. Super Tuesday expected to boost Trump closer to clinching GOP nomination as Haley makes possible last stand (Breitbart)
-Regulatory and Legal-
1. Sweeping Changes: UK’s New Rules to Freeze and Seize Crypto: The introduction of the Economic Crime and Corporate Transparency Act 2023, passed on October 26, 2023, equips law enforcement with broader powers to intervene in crypto-related crimes directly. Scheduled to take effect from April 26, the legislation facilitates direct access to cryptocurrencies held in exchanges and by custodian wallet providers. (TipRanks) (AC-Get your coin off exchanges)
-Institutional Concerns-
1. BlackRock looking to include Bitcoin exposure in other funds: BlackRock has filed an amendment with the SEC to integrate Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX), according to a March 4 filing. (CryptoSlate)
2. MicroStrategy launches $600 million notes offering to fuel Bitcoin acquisition as stock surges: MicroStrategy is looking to raise $600 million to buy more Bitcoin for its $13 billion stack after its stock surged 23% on March 4. (CryptoSlate)
3. Hong Kong’s Mox Bank To Offer Crypto Investment & Spot Bitcoin ETF Services: The Hong Kong-based virtual bank also hopes to offer U.S. Spot Bitcoin ETF investment solutions. Collaboration with licensed platforms ensures regulatory compliance for Mox Bank's crypto services. (CoinGape)
-Central Bank Digital Currencies (CBDC)-
1. BRICS Will Create Payment System Based on Digital Currencies and Blockchain: The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital technologies, a report by Russian news agency TASS said. (CoinDesk)
-Economic Indicators-
1. US Logistics Sector Rises the Most in 4 Months: The Logistics Manager’s Index in the US increased to 56.5 in February 2024, the highest reading in four months, from 55.6 in January, amid a broad-based expansion in all metrics and continued progress in transportation and the buildup of inventories upstream at the manufacturing and wholesale levels. (TradingEconomics)
-Technological Updates-'
NSTR
-Security Incidents and Concerns-
NSTR
-Bitcoin Community-
1. Exchanges witness unprecedented massive Bitcoin daily withdrawals: Bitcoin withdrawals from exchanges have hit a record, with $2.3 billion leaving in a single day, the highest in over five years. (Cryptopolitan) (AC- Coinbase's troubles with their online app over the last two weeks might have something to do with this)
2. Binance leaves Nigeria, suspending all naira services: According to the platform’s announcement on March 5, starting at 8:00 UTC on March 8, all remaining NGN balances in Binance users’ accounts will be automatically converted to USDT stablecoin. Until this time, users are advised to withdraw NGN. Deposits will be suspended on March 5. (CryptoNews) (AC-Nigeria's government pressured Binance with regulation and 'fees' that it became unsustainable for Binance to operate)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 90/100 (Up 8 pts)
Analyst Comments (AC): With BRICS announcing the usage of blockchain technology for an anti-dollar currency for world trade, it is clear that we've entered a key point in worldwide economic warfare and American hegemony. The details of a new currency matter greatly in how such a desire is manifest. If BRICS decides to use Bitcoin, however, many of those questions can be effectively answered and a true challenge to the USD might ensue. For a possible thought exercise, consider reading the book "The Mandibles" for an extremely similar scenario and its consequences.
Follow us on NOSTR: Bitcoin Veterans (npub1qkt…ms0r)
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report