21Mikes on Nostr: BTC Daily Intelligence Bulletin (DIB) Block: 833,405 DTG/ICOD: 0800EST 06Mar24 ...
BTC Daily Intelligence Bulletin (DIB)
Block: 833,405
DTG/ICOD: 0800EST 06Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Houthis and Hezbollah Lobbing More Missiles / Haiti Gangs Getting Organized / Trump and Biden Clear Winners on Super Tuesday / United Healthcare System Still Down, May Have Paid $22M Ransom / BTC and Gold Break ATH
Market Data: Price: 1 BTC= $66,188, 31.25 oz Gold, .15 Median US House
24hr Hi: $69,170/ Lo: $59,323
Vol: $104B (Up 36%)
Mkt Cap: $1.29T (Down 2%)
HashRate: 581 EH/s
Avg Fees: 19,632 sats/tx (Up 35%)
Nodes: 18,593
---Reports---
-International Events-
1. US destroyer shoots down missiles and drones launched by Yemen’s Houthi rebels: The assault Tuesday apparently targeted the USS Carney, an Arleigh Burke-class destroyer. Meanwhile, the Indian navy released images of it fighting a fire aboard a container ship earlier targeted by the Houthis. (AP)
2. Hezbollah launches a massive rocket barrage on Israel day after Biden envoy arrived in Lebanon: US envoy Amos Hochstein was in Beirut Monday, pushing for a diplomatic solution to end the violence. (Fox)
3. Haiti gang leader threatens 'civil war' if PM does not resign: The gang leader behind the violence blighting the Haitian capital has warned there will be a "civil war" if Haiti's prime minister, Ariel Henry, does not step down. Jimmy "Barbecue" Chérizier made the threat as members of his gang tried to seize the capital's airport to stop Mr Henry from returning from abroad. (BBC)
-US Events-
1. Biden and Trump dominate Super Tuesday as Haley plans to exit the race: Nikki Haley will announce today that she is exiting the presidential race, according to sources familiar with her plans. Across the Republican primaries on Super Tuesday, Haley won just 43 of the Republican delegates while Trump won 764. (CNN)
-Regulatory and Legal-
1. Binance.US Slashed Two-Thirds of Its Workforce as Revenue Plunged After SEC Lawsuit: The SEC's effort last year to freeze BinanceUS’ operations via a Temporary Restraining Order led to mass layoffs at the company as revenue imploded and it struggled with market trust, one of its executives said during a court deposition. (Coindesk)
2. SEC Bolsters Coinbase Lawsuit with Insider Trading Ruling: As Coinbase awaits a ruling on motions to dismiss the SEC lawsuit against it, the agency is attempting to wield a default judgment in an insider trading case involving a former Coinbase employee. On Monday the SEC submitted a filing with Judge Katherine Polk Falia to bring to her notice a recent ruling in the SEC’s insider trading case against former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi, and friend Sameer Ramani. (DailyCoin)
-Institutional Concerns-
1. Coinbase Crashed Again—Why Does It Happen So Often During Bitcoin Runs? Coinbase disclosed Tuesday that “some users may be experiencing errors when transacting” as the price of Bitcoin peaked and collapsed. The Coinbase exchange has regularly struggled when there’s a Bitcoin rally, as industry-wide interest in the top cryptocurrency peaks. (Decrypt)
-Central Bank Digital Currencies (CBDC)-
1. CBDC Not Widely Recognised in Japan Despite Ongoing Trials, R&D Efforts: Less than 20 percent of Japan's population is familiar with the term CBDC, claimed Kazuo Ueda, the governor of the Bank of Japan (BoJ). The Japanese CBDC entered its trial phase around April last year where the BoJ wished to analyze the technical feasibility and use-cases of the digital yen. Japan could see a wider roll out of its digital JPY by 2026. (Gadgets3600
-Economic Indicators-
1. Currency market calm before Powell speech, bitcoin resumes rally: The U.S. dollar was a touch softer on Wednesday, as traders kept their powder dry ahead of the first leg of congressional testimony from Federal Reserve Chair Jerome Powell and the European Central Bank's policy announcement on Thursday. (YahooFinance)
2. Bitcoin and gold broke new price records on the same day: The new all-time highs marked the first time Bitcoin and gold hit new records simultaneously since the emergence of BTC. Bitcoin posted a new price record on March 5, breaking above $69,200 for the first time in history. Spot gold also broke it's all-time high record at $2,130 at around 1:30 pm. (CoinTelegraph) (AC-Depending on the exchange, various prices were listed yesterday, which could lead to conflicting claims.)
-Technological Updates-'
NSTR
-Security Incidents and Concerns-
1. Patients or payroll? US healthcare hack creates hard choices: Nearly two weeks after the ransomware attack on UnitedHealth's Change Healthcare unit that has disrupted claims processing across the U.S., doctors are beginning to face a no win choice - stop treating patients or stop paying staff. The attack, which was disclosed on Feb. 21, shut down the system that many doctors depend on to verify insurance coverage, file claims and get paid, sparking a campaign by hospitals and doctors for the U.S. government to provide financial relief as it did during the COVID-19 pandemic. (Reuters) (AC-News of the hack was spread quickly following the hack but the effects are still very real for healthcare in the US. The system is still shut down and creating a billing nightmare for health offices. There are unconfirmed reports that United Healthcare paid a $22M ransom which would be the 2nd highest in history (KARE11))
-Bitcoin Community-
1. 1,000 Vintage Bitcoins From 2010 Moved as BTC Peaked at $69,210: On March 1, 2024, an infamous and vast bitcoin mega whale moved 2,000 vintage bitcoins from 2010 and now, four days later, on March 5—the day bitcoin hit its peak value of $69,210 per coin—the same entity transferred another 1,000 bitcoins from 2010. (Bitcoincom)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 75/100 (Down 15 pts)
Analyst Comments (AC): Following the recent runup on BTC price action, a 15% retracement while touching the former ATH yesterday is a reminder that many are still playing the buy low/sell high strategy of investing. As many HODLers have maintained a paradigm shift of investing by looking at Bitcoin a new hard asset, there are still those who affect price by manipulation or frequent buying and selling. It's a reminder that not all price action is fundamental demand/supply-based and many are still in the 'trader' or arbitrage mindset.
Follow us on NOSTR: Bitcoin Veterans (npub1qkt…ms0r)
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Block: 833,405
DTG/ICOD: 0800EST 06Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Houthis and Hezbollah Lobbing More Missiles / Haiti Gangs Getting Organized / Trump and Biden Clear Winners on Super Tuesday / United Healthcare System Still Down, May Have Paid $22M Ransom / BTC and Gold Break ATH
Market Data: Price: 1 BTC= $66,188, 31.25 oz Gold, .15 Median US House
24hr Hi: $69,170/ Lo: $59,323
Vol: $104B (Up 36%)
Mkt Cap: $1.29T (Down 2%)
HashRate: 581 EH/s
Avg Fees: 19,632 sats/tx (Up 35%)
Nodes: 18,593
---Reports---
-International Events-
1. US destroyer shoots down missiles and drones launched by Yemen’s Houthi rebels: The assault Tuesday apparently targeted the USS Carney, an Arleigh Burke-class destroyer. Meanwhile, the Indian navy released images of it fighting a fire aboard a container ship earlier targeted by the Houthis. (AP)
2. Hezbollah launches a massive rocket barrage on Israel day after Biden envoy arrived in Lebanon: US envoy Amos Hochstein was in Beirut Monday, pushing for a diplomatic solution to end the violence. (Fox)
3. Haiti gang leader threatens 'civil war' if PM does not resign: The gang leader behind the violence blighting the Haitian capital has warned there will be a "civil war" if Haiti's prime minister, Ariel Henry, does not step down. Jimmy "Barbecue" Chérizier made the threat as members of his gang tried to seize the capital's airport to stop Mr Henry from returning from abroad. (BBC)
-US Events-
1. Biden and Trump dominate Super Tuesday as Haley plans to exit the race: Nikki Haley will announce today that she is exiting the presidential race, according to sources familiar with her plans. Across the Republican primaries on Super Tuesday, Haley won just 43 of the Republican delegates while Trump won 764. (CNN)
-Regulatory and Legal-
1. Binance.US Slashed Two-Thirds of Its Workforce as Revenue Plunged After SEC Lawsuit: The SEC's effort last year to freeze BinanceUS’ operations via a Temporary Restraining Order led to mass layoffs at the company as revenue imploded and it struggled with market trust, one of its executives said during a court deposition. (Coindesk)
2. SEC Bolsters Coinbase Lawsuit with Insider Trading Ruling: As Coinbase awaits a ruling on motions to dismiss the SEC lawsuit against it, the agency is attempting to wield a default judgment in an insider trading case involving a former Coinbase employee. On Monday the SEC submitted a filing with Judge Katherine Polk Falia to bring to her notice a recent ruling in the SEC’s insider trading case against former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi, and friend Sameer Ramani. (DailyCoin)
-Institutional Concerns-
1. Coinbase Crashed Again—Why Does It Happen So Often During Bitcoin Runs? Coinbase disclosed Tuesday that “some users may be experiencing errors when transacting” as the price of Bitcoin peaked and collapsed. The Coinbase exchange has regularly struggled when there’s a Bitcoin rally, as industry-wide interest in the top cryptocurrency peaks. (Decrypt)
-Central Bank Digital Currencies (CBDC)-
1. CBDC Not Widely Recognised in Japan Despite Ongoing Trials, R&D Efforts: Less than 20 percent of Japan's population is familiar with the term CBDC, claimed Kazuo Ueda, the governor of the Bank of Japan (BoJ). The Japanese CBDC entered its trial phase around April last year where the BoJ wished to analyze the technical feasibility and use-cases of the digital yen. Japan could see a wider roll out of its digital JPY by 2026. (Gadgets3600
-Economic Indicators-
1. Currency market calm before Powell speech, bitcoin resumes rally: The U.S. dollar was a touch softer on Wednesday, as traders kept their powder dry ahead of the first leg of congressional testimony from Federal Reserve Chair Jerome Powell and the European Central Bank's policy announcement on Thursday. (YahooFinance)
2. Bitcoin and gold broke new price records on the same day: The new all-time highs marked the first time Bitcoin and gold hit new records simultaneously since the emergence of BTC. Bitcoin posted a new price record on March 5, breaking above $69,200 for the first time in history. Spot gold also broke it's all-time high record at $2,130 at around 1:30 pm. (CoinTelegraph) (AC-Depending on the exchange, various prices were listed yesterday, which could lead to conflicting claims.)
-Technological Updates-'
NSTR
-Security Incidents and Concerns-
1. Patients or payroll? US healthcare hack creates hard choices: Nearly two weeks after the ransomware attack on UnitedHealth's Change Healthcare unit that has disrupted claims processing across the U.S., doctors are beginning to face a no win choice - stop treating patients or stop paying staff. The attack, which was disclosed on Feb. 21, shut down the system that many doctors depend on to verify insurance coverage, file claims and get paid, sparking a campaign by hospitals and doctors for the U.S. government to provide financial relief as it did during the COVID-19 pandemic. (Reuters) (AC-News of the hack was spread quickly following the hack but the effects are still very real for healthcare in the US. The system is still shut down and creating a billing nightmare for health offices. There are unconfirmed reports that United Healthcare paid a $22M ransom which would be the 2nd highest in history (KARE11))
-Bitcoin Community-
1. 1,000 Vintage Bitcoins From 2010 Moved as BTC Peaked at $69,210: On March 1, 2024, an infamous and vast bitcoin mega whale moved 2,000 vintage bitcoins from 2010 and now, four days later, on March 5—the day bitcoin hit its peak value of $69,210 per coin—the same entity transferred another 1,000 bitcoins from 2010. (Bitcoincom)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 75/100 (Down 15 pts)
Analyst Comments (AC): Following the recent runup on BTC price action, a 15% retracement while touching the former ATH yesterday is a reminder that many are still playing the buy low/sell high strategy of investing. As many HODLers have maintained a paradigm shift of investing by looking at Bitcoin a new hard asset, there are still those who affect price by manipulation or frequent buying and selling. It's a reminder that not all price action is fundamental demand/supply-based and many are still in the 'trader' or arbitrage mindset.
Follow us on NOSTR: Bitcoin Veterans (npub1qkt…ms0r)
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report