BV_DIB on Nostr: ...

BTC Daily Intelligence Bulletin (DIB)
Block: 881,348
DTG/ICOD: 1200Z 29Jan25
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: Deaths at India Festival / Another South Korean Air Incident / Russia Advancing in Ukraine / Trump Offers Parachute to Federal Workers / SecDef Pulls Gen Milley's Clearance / Trump EO Stops Child Gender Treatments / USDT Yanked From EU Offerings / Czech Governor Proposes Bitcoin Investments / South Dakota Among Others Seeking Bitcoin Reserves / New Nasdaq Company Follows Saylor Playbook / M2 Supply New ATH / Fed Decides on Rate Cut Today / AI Comes to Crypto / Half Marathon Pit Humans Vs Robots / Why SAB 121 Repeal Beats SBR

Market Data: Price: 1 BTC= $101,063, 37.07 oz Gold, .24 Median US House
24hr Hi: $103,730 / Lo: $100,238
Vol: $42B (Down 29%)
Mkt Cap: $2.02T (Down 1%)
HashRate: 777 EH/s
Avg Fee Rate: 2 sats/vBtye (Even)

---Reports---
-International Events-
1. Multiple people killed in crowd crush at world’s largest religious festival: Multiple people were killed in a crowd crush at the world’s largest religious gathering in India early Wednesday, as tens of millions of devotees went to bathe in a river on one of the most sacred days of a Hindu festival. An official source at a local hospital told CNN they have received 35 bodies, with more coming in, meaning the death toll is expected to rise. About 20 people were also treated for minor injuries. (CNN)

2. Air Busan Airbus plane catches fire at South Korea's Busan airport: All 169 passengers and seven crew members were evacuated, with three having minor injuries. It is a month since the deadliest air disaster on South Korean soil when a Jeju Air crashed on Muan Airport's runway as it made an emergency belly landing, killing all but two of the 181 people and crew members on board.(Reuters)

3. Russia Advances in Donetsk as North Korean Troops Bolster Its Forces: Russian forces are close to capturing Velyka Novosilka in Donetsk Oblast, having split the town and trapped Ukrainian defenders. Ukraine's 880,000 soldiers face 600,000 Russian troops, now bolstered by North Korean forces. The potential fall of Velyka Novosilka would mark Russia's first major victory this year, threatening Ukrainian logistics and bringing Russian forces within 15 kilometers of previously untouched Dnipropetrovsk Oblast. (GroundNews)

-US Events-
1. Trump Administration Offers Millions of Federal Workers Payouts to Resign: The Trump administration on Tuesday offered roughly two million federal workers the option to resign but be paid through the end of September. In an email, the Office of Personnel Management, an agency that oversees the federal civilian work force, gave employees the option to leave their positions by typing the word “resign” into the subject line of an email and hitting send. Workers have until Feb. 6 to accept the offer. (NYTimes)

2. Defense Secretary Pete Hegseth Pulls General Milley’s Security Detail, Suspends Clearance, Orders Review into His Conduct: Defense Secretary Pete Hegseth has informed Chairman of the Joint Chiefs of Staff retired Army Gen. Mark Milley that he is revoking his personal security detail and suspending his security clearance. Hegseth is also directing the acting Department of Defense Inspector General to conduct a review board to determine whether he should keep his rank as a retired-four star general, due to his actions undermining the chain of command at the end of President Donald Trump’s first term. (Breitbart) (AC-If there was any doubt to the seriousness of the

3. Trump Executive Order Bans "Chemical And Surgical Mutilation" Of Children: Hours after signing an executive order restricting transgender service in the US military, President Donald Trump on Tuesday signed a sweeping executive order banning the "chemical and surgical mutilation" of children, in a move that takes direct aim at pediatric gender transition treatments. (ZeroHedge)

-Regulatory and Legal-
1. CryptoCom to delist Tether USDT, 9 other tokens in Europe on Jan. 31: Crypto.com will suspend purchases of Tether USDT
along with nine other tokens in line with Europe’s MiCA regulations on Jan. 31. After delisting the stablecoin in mid-December 2024, Coinbase Europe offered its clients conversion of USDT into MiCA-compliant options, including Circle’s USD Coin. (CoinTelegraph) (AC-Tyrannies are fueled through regulation.)

-Central Bank Digital Currencies/World Currencies-
1. Czech Central Bank Governor to Present Plan to Add Bitcoin to Its Reserve: Czech National Bank Governor Ales Michl said in an interview with Financial Times that he will present a bitcoin investment plan to the board on Thursday, which, if approved, could see the apex bank diversify 5% of its $146.13 billion reserves into the leading cryptocurrency by market value. (CoinDesk)

2. South Dakota's Representative to Introduce Bitcoin Reserve Bill to House: South Dakota is considering a bill to include Bitcoin in its financial reserves, following other states like Texas, Florida, and Pennsylvania. (Decrypt)

-Institutional Concerns-
1. Nasdaq-Listed Nuvve Reveals Bitcoin Stockpile Plans: Nuvve, a Nasdaq-listed green energy company, announced plans to allocate 30% of its cash reserves to purchase Bitcoin, following the trend set by MicroStrategy. The move aims to diversify the company's treasury holdings and potentially yield better returns for shareholders. (Decrypt) (AC-Game theory indicators all over the place.)

-Economic Indicators-
1. M2 Money Supply Approaches All-Time High, Bullish Signal for Crypto: The M2 money supply continued to increase in December 2024, now shy of its all-time high of $22 trillion. The M2 money supply has clocked in a new monthly high every month since January 2024. The M2 money supply influences CPI by affecting inflation trends. While the Federal Reserve is actively tightening through quantitative easing and keeping the Fed funds rate at an elevated level while trying to bring CPI back down to its 2% inflation target, the M2 money supply continues to grow. (CoinDesk)

2. Nasdaq Futures Rise, S&P 500 and Dow Jones Fluctuate: US stock futures were cautious on Wednesday, with S&P 500 and Dow Jones futures hovering around the flatline, while Nasdaq 100 edged up 0.4% as traders awaited the FOMC decision later in the day. The Federal Reserve is widely expected to hold interest rates steady, pausing its rate-cut cycle. (TradingEconomics)

-Security Incidents and Concerns-
NSTR

-Technology and Science-
1. Erik Voorhees’s Venice AI Launches on Base: Privacy-focused AI startup Venice debuted its API service on Coinbase’s Ethereum L2 platform Base on Monday, giving users unfettered access to open-source large language models (LLMs) like Llama and the suddenly popular Deepseek. (BitcoinCom)

2. China Announces First-Ever Marathon Race Between Humans and Robots: Scheduled for April, this race will see 12,000 human participants and bipedal robots from over 20 companies compete across a 13-mile course in Beijing's Economic-Technological Development Area, also known as E-Town. (TechTimes)

-Bitcoin Community-
1. Preston Pysh Explains Why SAB 121 Beats a Strategic Bitcoin Reserve: Bitcoin custody is now treated as an asset, not a liability, dramatically lowering barriers for major banks like JPMorgan and others to enter the Bitcoin ecosystem. As Pysh notes, “All the major banking institutions are now wanting to take this on. There could be loan products, all sorts of things that can pop out of this.” Reserves can be subject to the priorities of the administration in power. A pro-Bitcoin government might amass reserves, only for a subsequent administration to reverse course. In contrast, institutional adoption driven by the rescission of SAB 121 creates a systemic entrenchment. Large-scale integration by private banks and financial institutions is harder to unwind and more likely to persist across political cycles. (BitcoinMag) (AC-A good article for clarity on the how and why of game theory dynamics.)

-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 72/100 (Even)

Analyst Comments (AC): If there was any doubt to the seriousness of the new Trump administration, this week's actions prove the intent: to crush the deep state. From directly nullifying Gen. Milley to telling millions of government workers to resign, Trump is not wasting time. These are unprecedented moves for a presidential administration and certain to cause legal and cultural blowback. We can at the least expect protests soon, as millions of disaffected progressives look to bite back. More serious responses are probable though.

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Analyst: BV2A
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*NSTR-Nothing Significant To Report