BV_DIB on Nostr: https://m.primal.net/ORZk.png BTC Daily Intelligence Bulletin (DIB) Block: 882,409 ...
BTC Daily Intelligence Bulletin (DIB)
Block: 882,409
DTG/ICOD: 1200Z 05Feb2025
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: Trump: 'We Will Take Over Gaza' / Mass Shooting in Sweden / Syria Courts Turkey, Calls Out Iran / FBI Give DOJ 5K Names of J6 Investigators / USPS Halts Packages From China, Hong Kong / USDIA Employees Put on Admin Leave / Newsom to Meet Trump Today / Crypto Working Group Launched / BTC SBR to be Studied / SEC Guts Crypto Enforcement / Iran Rekindles BRICS Currency Talk / Utah May be First with BTC SBR / Whales Keep Buying BTC / Job Openings Drop / Taiwan Prohibits DeepSeek / XRP Has Troubles / Early BTC Miner Moves BTC, Causes Speculation / BitDeer Buys Canadian Energy Plant
Market Data: Price: 1 BTC= $98,263, 34.28 oz Gold, .23 Median US House
24hr Hi: $100,807 / Lo: $96.208
Vol: $63B (Down 21%)
Mkt Cap: $1.94T (Down 1%)
HashRate: 812 EH/s
Avg Fee Rate: 1 sats/vBtye (Down 50%) (It can't get much lower)
---Reports---
-International Events-
1. Trump: US will ‘take over’ Gaza, level it and create ‘the Riviera of the Middle East’: US President Donald Trump on Tuesday declared his desire for the United States to “take over” and “own” the Gaza Strip, again stunning a global audience hours after doing so with his call for permanently relocating the coastal enclave’s entire population. “The US will take over the Gaza Strip, and we will do a job with it too. We’ll own it,” Trump said in prepared remarks at the start of a joint press conference with visiting Prime Minister Benjamin Netanyahu after the two leaders met in the Oval Office. (TimesOfIsrael) (AC-For the veteran community, this is a shocking, girding statement. It could simply be a negotiation tactic to pressure Hamas and the rest of MENA to hammer out the Palestinian issue, but indeed, it may not be.)
2. Multiple people killed in ‘worst mass shooting in Swedish history': Police said at least 10 people were killed at a school on Tuesday, in what has been described as the worst mass shooting in Sweden’s history. The suspected perpetrator also died. A large number of people were injured after a gunman opened fire at a campus in the city of Örebro in central Sweden. (CNN)
3. Syria’s al-Sharaa, Turkiye’s Erdogan talk Kurdish fighters, defense pacts: Speaking alongside al-Sharaa at a news conference in Ankara, Erdogan said Turkiye was ready to partner with Syria’s new leadership, particularly when it came to fighting the armed group ISIL (ISIS) and Kurdish fighters based in northeast Syria. Al-Sharaa also denounced Iran yesterday, calling it a regional threat. (AlJazeera)
-US Events-
1. FBI turns over details of 5,000 employees who worked on January 6 cases to Trump Justice Department, as agents sue: FBI officials have complied with demands to provide the Justice Department with details of thousands of employees who worked on investigations related to the January 6, 2021 Capital riot. But several FBI employees on Tuesday sued the Justice Department, accusing it of violating the Constitution and privacy laws by demanding that agents complete a survey allegedly designed to “purge” bureau personnel. (CNN)
2. USPS has suspended parcels from Hong Kong and China: Americans are likely to pay more for products from popular Chinese e-commerce platforms like Shein and Temu as the USPS said it would stop accepting parcels from China and Hong Kong. The move was announced Tuesday, coming after the U.S. imposed an additional 10% tariff on Chinese goods and ended a customs exception that allowed small value parcels to enter the U.S. without paying tax. Letters and flats are not affected. (AP)
3. USAID Puts All Direct Hire Personnel on Administrative Leave: The notice, posted on USAID’s website, stated that there would be exceptions for “designated personnel responsible for mission-critical functions, core leadership and specially designated programs.” It stated that USAID is working with the State Department to coordinate the return of overseas personnel to the United States within 30 days and to terminate contractors handling non-essential work. (EpochTimes)
4. CA Governor Newsom will meet with President Trump today at 4pm to discuss fire relief. (NYTimes)
-Regulatory and Legal-
1. Lawmakers Launch Powerful Crypto Working Group to Shape US Policy: The congressional working group, “comprised of members of the Senate Banking Committee, House Financial Services Committee, and Senate and House Agriculture Committees,” aims to “build consensus around a regulatory framework for digital assets that will ensure innovation happens here in the United States, not overseas,” the Committee explained. (BitcoinCom)
2. SEC Reassigns Staff From Crypto Unit as Part of Trump Administration's Push: Over 50 lawyers and staff members from the SEC's crypto enforcement unit are being reassigned to different departments, part of the Trump administration's push to reduce government intervention in digital assets. Commissioner Hester Peirce, leading the new crypto task force, criticizes the agency's past regulatory approach. (Decrypt)
-CBDCs/World Currencies/Strategic Reserves-
1. David Sacks Says the Feasibility of Bitcoin Reserve Is One of the First Things: The new crypto task force, “is evaluating the feasibility of a Bitcoin reserve. Whether it’s feasible to create either a Bitcoin reserve or some sort of digital asset stockpile. Haven’t committed yet to doing it, but it’s one of the first things,' he said. (BitcoinSensus)
2. Iran Backs Unified BRICS Currency—With a Focus on National Interests: 'If BRICS member-countries come to a consensus to use a single and unified currency, we are all for it. We will proceed from national interests,' the official spokesperson for the Iranian government said. (BitcoinCom) (AC-After Russia backtracked a bit on public support of a BRICS currency due to Trumps threats, Iran rekindles the desire, most likely as subtle pressure on US future negotiations.)
3. Three More US States Advance Bitcoin Reserve Legislation: Utah, Arizona, and Illinois have introduced bills to establish Bitcoin reserves, with Utah’s bill allowing up to 5% investment in digital assets and potentially becoming the first state to pass such legislation. (Blockonomi)
-Institutional Concerns-
1. Semler Scientific, Genius Group, and El Salvador announced significant Bitcoin purchases, while MicroStrategy announced a pause in purchases. (Various)
-Economic Indicators-
1. US 10-Year Yield Edges Down Amid Tariff Uncertainty: The yield on the 10-year US Treasury note edged down to 4.48% on Wednesday, hovering near a seven-week low as traders awaited more clarity on US trade policy. (TradingEconomics)
2. US Job Openings Fall More than Expected: Job openings in the United States fell by 556,000 to 7.6 million in December 2024, missing the market expectation of 8.0 million and indicating a gradual cooling of the labor market. Notable decreases occurred in professional and business services (-225,000), health care and social assistance (-180,000), and finance and insurance (-136,000). (TradingEconomics)
-Security Incidents and Concerns-
1. Taiwan Bans DeepSeek AI Over National Security Concerns, Citing Data Leakage Risks: DeepSeek's Chinese origins have prompted authorities from various countries to look into the service's use of personal data. Last week, it was blocked in Italy, citing a lack of information regarding its data handling practices. Several companies have also prohibited access to the chatbot over similar risks. (HackerNews)
-Technology and Science-
1. XRP Ledger resumes activity after second outage in three months: While the exact cause remains unknown, early observations indicate that validators stopped publishing confirmations despite the consensus mechanism running as expected. This latest outage comes amid a challenging period for XRP, which has seen a significant price decline. The token has dropped nearly 20% over the past week and is currently trading at $2.52. (CryptoSlate)
-Bitcoin Community-
1. Satoshi-Era Bitcoin Miner Moves $5 Million BTC Earned When the Price Was Just 10 Cents: The wallet movement has since sparked discussions and concerns across the crypto community. Some onlookers have speculated that it could be connected to recently pardoned Silk Road founder Ross Ulbricht. The transaction implemented three important Bitcoin protocol features: SegWit (Segregated Witness) for improved scalability, Taproot for enhanced privacy and smart contract capability, and RBF (Replace-By-Fee) which allows for fee adjustments if needed. "No test transaction? Insane." remarked one user on Reddit. An analysis from Messari co-founder Dan Robustus noted that the transaction used a Pay-to-Public-Key (p2pk) output format, prompting his speculation that the transaction was "someone moving quantum-vulnerable funds to safer keys." (Decrypt) (AC-It's important to understand and mitigate weaknesses of the bitcoin network. If older BTC may be vulnerable to eventual quantum attack, it's prudent to update the security posture.)
2. Bitdeer Buys 101 MW Gas Power Plant in Alberta, Canada for BTC Mining: The $21.7 million cash deal would give BitDeer the ability to mine BTC at some of the lowest costs in the industry. (CoinDesk)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 54/100 (Down 18 pts)
Analyst Comments (AC): Transaction fees are very low and therefore a great time to consolidate UTXOs. Someday this action will allow your on-chain transactions to be financially feasible. Search or ask for help if you need it.
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report