Bitcoin Veterans on Nostr: BTC Daily Intelligence Bulletin (DIB) Block: 874,571 DTG/ICOD: 1200Z 13Dec24 ...
BTC Daily Intelligence Bulletin (DIB)
Block: 874,571
DTG/ICOD: 1200Z 13Dec24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Macron Names New French PM / Russia Strikes Ukraine Energy / American Released in Syria / DOJ Had 26 Informants at Jan. 6th Riot / Florida Woman Arrested For Insurance Copycat Threat / SCOTUS Says NVIDA Can be Sued / Pro-Crypto Rep. Hill to Head Financial Services Committee / First Major Bitcoin Tax Evasion Conviction / Texas Bitcoin Reserve Bill Draws Attention / Blackrock Says 2-3% Bitcoin Allocation / Yellen Oversaw Largest Ever Budget Deficit, Says 'Sorry' / PPI Data Says Inflation Still Up / BTC Miners Adopting MSTR Strategy
Market Data: Price: 1 BTC= $100,105, 37.54 oz Gold, .23 Median US House
24hr Hi: $102,524 / Lo: $99,233
Vol: $67B (Down 17%)
Mkt Cap: $1.98T (Down 1%)
HashRate: 789 EH/s
Avg Fee Rate: 4 sats/vBtye (Down 90%)
Nodes: 20,357
---Reports---
-International Events-
1. France's Macron names centrist politician François Bayrou as new PM: French President Emmanuel Macron named centrist politician François Bayrou as the country's new prime minister on Friday after outgoing premier Michel Barnier resigned last week following a no-confidence vote in the National Assembly. Macron has been under pressure to select a prime minister that will be able to bridge deep divides in parliament. (France24)
2. Russia launches massive attack on Ukraine’s energy sector: “The enemy continues its terror. Once again, the energy sector across Ukraine is under massive attack,” Ukrainian energy minister German Halushchenko said on his official Facebook page. Ukrenergo, Ukraine’s energy grid operator, said it was introducing emergency power outages across the country. (CNN)
3. American man found in Syria after being imprisoned for months: Travis Timmerman, was freed after spending seven months in detention in Syria. He traveled to Syria for spiritual purposes and began walking towards Jordan after his release. (GroundNews)
-US Events-
1. DOJ Inspector General: Department Of Justice Had 26 Confidential ‘Sources’ Working For FBI During Jan. 6 Protest: Thirteen of the FBI-hired “confidential” sources made their way into the Capitol’s restricted area, while four of them entered the Capitol building itself. The others were not mentioned. (GroundNews)
2. Florida Woman Arrested After Allegedly Threatening Copycat Crime Against BlueShield Insurance: The woman, 42-year-old Briana Boston of Lakeland, allegedly called BlueCross BlueShield in response to a recent medical claim being denied and issued a threat echoing the UnitedHealthcare CEO killer’s words. “Delay, deny, depose. You people are next,” she allegedly said to the company over the phone. (Breitbart)
-Regulatory and Legal-
1. US Supreme Court Bucks Nvidia's Appeal To Dismiss Crypto Class-Action Suit: Nvidia faces a class-action suit alleging it misled investors about the volume of sales to crypto miners after the United States Supreme Court dismissed the chip maker’s appeal to throw it out. (ZeroHedge)
2. Pro-Crypto Rep. French Hill To Head House Financial Services Committee: Rep. French Hill, a Republican from Arkansas, is expected to become the next chair of the House Financial Services Committee after being endorsed by the GOP’s steering committee. Renowned for his proactive approach to crypto issues, Hill has worked alongside outgoing Chair Patrick McHenry to promote industry-friendly legislation. (Bitcoinist)
3. Satoshi Era Bitcoin Buyer Jailed for Two Years in First U.S. Crypto Tax Evasion Sentencing: Frank Richard Ahlgren III bought Bitcoin in 2011, the last year of recorded contact with Bitcoin creator Satoshi Nakamoto. Ahlgren then sold his funds between 2017 to 2019 for $4.35 million, but misrepresented these figures to his accountant and in his tax filings. He has been sentenced to two years in prison, ordered to serve one year supervised release, and pay $1,095,031 in restitution. The Texas man attempted to hide how much he’d made from the investment by exchanging Bitcoin for cash in-person, passing funds through a number of wallets, and using crypto mixers—protocols that attempt to obfuscate the sender and receiver of assets. He also artificially inflated the price at which he purchased Bitcoin to reduce the amount of tax he owed. (Decrypt) (AC-Expect more of this type of prosecution.)
-Central Bank Digital Currencies/World Currencies-
1. Texas Bitcoin Reserve Bill Includes 5-Year Mandatory HODL Provision: Texas has become the second-mover in U.S. states moving toward a strategic Bitcoin reserve after Republican State Rep. Giovanni Capriglione introduced a bill to establish a BTC reserve within the Texas state treasury. The reserve will allow Texas to own BTC as a financial asset and it will also be a way "for Texans to voluntarily donate Bitcoin to promote a shared ownership and community investment in Texas's financial future." The state's BTC reserves will be stored for at least five years from the date the digital currencies enter the state's custody. Once the mandatory period ends, the Bitcoin may be sold, moved, appropriated, or converted into other cryptocurrencies upon the Comptroller's directive. (IBTimes)
-Institutional Concerns-
1. BlackRock Advises How Much Bitcoin to Have in a Multi-Asset Portfolio: BlackRock's iShares Bitcoin Trust ETF has reached $53.8 billion in assets, with the asset manager recommending a maximum 2% Bitcoin portfolio allocation due to its volatility and unique characteristics. The report suggests Bitcoin's role in portfolios and its reliance on adoption for price growth. (Decrypt)
-Economic Indicators-
1. Janet Yellen "Sorry" After Presiding Over $15 Trillion Increase In US Debt: “I am concerned about fiscal sustainability and I am sorry that we haven’t made more progress,” she said adding that “I believe that the deficit needs to be brought down especially now that we’re in an environment of higher interest rates.” she said. Yellen has personally presided over a gargantuan $15.2 trillion increase in US debt, or about 42% of all US debt ever issued! No one other government official can make even a remotely similar claim. (ZeroHedge)
2. US Stocks Fall After PPI Data: The S&P 500 and Nasdaq each closed 0.6% lower on Thursday as a hotter-than-expected U.S. inflation report weighed on market sentiment, with technology shares leading the decline. November's producer price index rose 0.4%, doubling forecasts of 0.2%, underscoring slow progress toward the Federal Reserve’s 2% inflation target. (TradiningEconomics)
3. US Jobless Claims Soar to 2-Month High: US initial jobless claims soared by 17,000 from the previous week to 242,000 on the first week of December, well above market expectations that they would fall to 220,000, to mark the sharpest count of new claims since October. (TradiningEconomics)
-Security Incidents and Concerns-
NSTR
-Technology and Science-
NSTR
-Bitcoin Community-
1. Miners Are Adopting the Same Bitcoin Acquisition Strategy as MicroStrategy: The shift to building up bitcoin holdings is driven by growing pressure on profitability, which stems from the reward halving in April and a rising network hashrate, the report said. "This likely prompted miners to hoard or seek further investments into bitcoin or diversify into AI/HPC businesses," analysts led by Nikolaos Panigirtzoglou wrote, referring to artificial intelligence and high-performance computing. (CoinDesk)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 76/100 (Down 7 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Block: 874,571
DTG/ICOD: 1200Z 13Dec24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Macron Names New French PM / Russia Strikes Ukraine Energy / American Released in Syria / DOJ Had 26 Informants at Jan. 6th Riot / Florida Woman Arrested For Insurance Copycat Threat / SCOTUS Says NVIDA Can be Sued / Pro-Crypto Rep. Hill to Head Financial Services Committee / First Major Bitcoin Tax Evasion Conviction / Texas Bitcoin Reserve Bill Draws Attention / Blackrock Says 2-3% Bitcoin Allocation / Yellen Oversaw Largest Ever Budget Deficit, Says 'Sorry' / PPI Data Says Inflation Still Up / BTC Miners Adopting MSTR Strategy
Market Data: Price: 1 BTC= $100,105, 37.54 oz Gold, .23 Median US House
24hr Hi: $102,524 / Lo: $99,233
Vol: $67B (Down 17%)
Mkt Cap: $1.98T (Down 1%)
HashRate: 789 EH/s
Avg Fee Rate: 4 sats/vBtye (Down 90%)
Nodes: 20,357
---Reports---
-International Events-
1. France's Macron names centrist politician François Bayrou as new PM: French President Emmanuel Macron named centrist politician François Bayrou as the country's new prime minister on Friday after outgoing premier Michel Barnier resigned last week following a no-confidence vote in the National Assembly. Macron has been under pressure to select a prime minister that will be able to bridge deep divides in parliament. (France24)
2. Russia launches massive attack on Ukraine’s energy sector: “The enemy continues its terror. Once again, the energy sector across Ukraine is under massive attack,” Ukrainian energy minister German Halushchenko said on his official Facebook page. Ukrenergo, Ukraine’s energy grid operator, said it was introducing emergency power outages across the country. (CNN)
3. American man found in Syria after being imprisoned for months: Travis Timmerman, was freed after spending seven months in detention in Syria. He traveled to Syria for spiritual purposes and began walking towards Jordan after his release. (GroundNews)
-US Events-
1. DOJ Inspector General: Department Of Justice Had 26 Confidential ‘Sources’ Working For FBI During Jan. 6 Protest: Thirteen of the FBI-hired “confidential” sources made their way into the Capitol’s restricted area, while four of them entered the Capitol building itself. The others were not mentioned. (GroundNews)
2. Florida Woman Arrested After Allegedly Threatening Copycat Crime Against BlueShield Insurance: The woman, 42-year-old Briana Boston of Lakeland, allegedly called BlueCross BlueShield in response to a recent medical claim being denied and issued a threat echoing the UnitedHealthcare CEO killer’s words. “Delay, deny, depose. You people are next,” she allegedly said to the company over the phone. (Breitbart)
-Regulatory and Legal-
1. US Supreme Court Bucks Nvidia's Appeal To Dismiss Crypto Class-Action Suit: Nvidia faces a class-action suit alleging it misled investors about the volume of sales to crypto miners after the United States Supreme Court dismissed the chip maker’s appeal to throw it out. (ZeroHedge)
2. Pro-Crypto Rep. French Hill To Head House Financial Services Committee: Rep. French Hill, a Republican from Arkansas, is expected to become the next chair of the House Financial Services Committee after being endorsed by the GOP’s steering committee. Renowned for his proactive approach to crypto issues, Hill has worked alongside outgoing Chair Patrick McHenry to promote industry-friendly legislation. (Bitcoinist)
3. Satoshi Era Bitcoin Buyer Jailed for Two Years in First U.S. Crypto Tax Evasion Sentencing: Frank Richard Ahlgren III bought Bitcoin in 2011, the last year of recorded contact with Bitcoin creator Satoshi Nakamoto. Ahlgren then sold his funds between 2017 to 2019 for $4.35 million, but misrepresented these figures to his accountant and in his tax filings. He has been sentenced to two years in prison, ordered to serve one year supervised release, and pay $1,095,031 in restitution. The Texas man attempted to hide how much he’d made from the investment by exchanging Bitcoin for cash in-person, passing funds through a number of wallets, and using crypto mixers—protocols that attempt to obfuscate the sender and receiver of assets. He also artificially inflated the price at which he purchased Bitcoin to reduce the amount of tax he owed. (Decrypt) (AC-Expect more of this type of prosecution.)
-Central Bank Digital Currencies/World Currencies-
1. Texas Bitcoin Reserve Bill Includes 5-Year Mandatory HODL Provision: Texas has become the second-mover in U.S. states moving toward a strategic Bitcoin reserve after Republican State Rep. Giovanni Capriglione introduced a bill to establish a BTC reserve within the Texas state treasury. The reserve will allow Texas to own BTC as a financial asset and it will also be a way "for Texans to voluntarily donate Bitcoin to promote a shared ownership and community investment in Texas's financial future." The state's BTC reserves will be stored for at least five years from the date the digital currencies enter the state's custody. Once the mandatory period ends, the Bitcoin may be sold, moved, appropriated, or converted into other cryptocurrencies upon the Comptroller's directive. (IBTimes)
-Institutional Concerns-
1. BlackRock Advises How Much Bitcoin to Have in a Multi-Asset Portfolio: BlackRock's iShares Bitcoin Trust ETF has reached $53.8 billion in assets, with the asset manager recommending a maximum 2% Bitcoin portfolio allocation due to its volatility and unique characteristics. The report suggests Bitcoin's role in portfolios and its reliance on adoption for price growth. (Decrypt)
-Economic Indicators-
1. Janet Yellen "Sorry" After Presiding Over $15 Trillion Increase In US Debt: “I am concerned about fiscal sustainability and I am sorry that we haven’t made more progress,” she said adding that “I believe that the deficit needs to be brought down especially now that we’re in an environment of higher interest rates.” she said. Yellen has personally presided over a gargantuan $15.2 trillion increase in US debt, or about 42% of all US debt ever issued! No one other government official can make even a remotely similar claim. (ZeroHedge)
2. US Stocks Fall After PPI Data: The S&P 500 and Nasdaq each closed 0.6% lower on Thursday as a hotter-than-expected U.S. inflation report weighed on market sentiment, with technology shares leading the decline. November's producer price index rose 0.4%, doubling forecasts of 0.2%, underscoring slow progress toward the Federal Reserve’s 2% inflation target. (TradiningEconomics)
3. US Jobless Claims Soar to 2-Month High: US initial jobless claims soared by 17,000 from the previous week to 242,000 on the first week of December, well above market expectations that they would fall to 220,000, to mark the sharpest count of new claims since October. (TradiningEconomics)
-Security Incidents and Concerns-
NSTR
-Technology and Science-
NSTR
-Bitcoin Community-
1. Miners Are Adopting the Same Bitcoin Acquisition Strategy as MicroStrategy: The shift to building up bitcoin holdings is driven by growing pressure on profitability, which stems from the reward halving in April and a rising network hashrate, the report said. "This likely prompted miners to hoard or seek further investments into bitcoin or diversify into AI/HPC businesses," analysts led by Nikolaos Panigirtzoglou wrote, referring to artificial intelligence and high-performance computing. (CoinDesk)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 76/100 (Down 7 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report