21Mikes on Nostr: BTC Daily Intelligence Bulletin (DIB) Block: 834,795 DTG/ICOD: 0800EST 15Mar24 ...
BTC Daily Intelligence Bulletin (DIB)
Block: 834,795
DTG/ICOD: 0800EST 15Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Putin Set for Reelection / Ukraine Targeting Russian Refineries / US Republicans Agree on Ukraine, Israel Funding / Blackrock Sets Another ETF Record / BTC has 5% Correction / El Salvador Moves BTC into Cold Storage
Market Data: Price: 1 BTC= $67,675, 31.23 oz Gold, .16 Median US House
24hr Hi: $73,063/ Lo: $65,630
Vol: $86B (Up 93%)
Mkt Cap: $1.33T (Down 7%)
HashRate: 557 EH/s
Avg Fees: 9,338 sats/tx (Up 3%)
Nodes: 18,547
---Reports---
-International Events-
1. As Putin eyes sure reelection, Russia’s economy defies sanctions, critics: Russian president is all but guaranteed fifth term in power comes as economy has outperformed expectations. (AlJazerra)
2. Palestinian leader appoints longtime adviser as prime minister in the face of calls for reform: Mohammad Mustafa, a United States-educated economist and political independent, will head a technocratic government in the Israeli-occupied West Bank that could potentially administer Gaza ahead of eventual statehood. (AP)
3. Ukraine is bombing Russian oil refineries right when Russia really needs its oil money: On Tuesday, Bloomberg reported that the country’s oil exports had crept up to 3.7 million barrels a day, their highest level this year. Then, on Wednesday, the Associated Press reported that Ukrainian forces had attacked three oil refineries in two days, including the biggest facility operated by Rosneft, Russia’s biggest oil company. (Quartz)
-US Events-
1. Jurors found both a school shooter’s father and mother guilty of manslaughter: A jury issued a groundbreaking verdict in Michigan Thursday, finding James Crumbley, whose son killed four students at a Michigan high school in 2021, guilty of four involuntary manslaughter counts in a case that experts say could set an important precedent for the extent to which parents of school shooters can be held responsible. (CNN)
2, House Republicans will pass Ukraine aid after backing down on border demand: The news was made on Thursday at the House Republican retreat, with Speaker Mike Johnson telling reporters that bills to further fund both Ukraine’s defence and Israel’s military effort against Hamas would be brought up separately in the coming weeks. (IndependentUK)
-Regulatory and Legal-
1. Hong Kong Regulator Says Crypto Exchange MEXC Has Been Operating Without a License: This is not the first time MEXC has fallen foul of regulators. Last April Japan's Financial Services Agency said the exchange had been operating in the country without registration, as did Germany's Federal Financial Supervisory Authority as recently as October. (CoinDesk)
-Institutional Concerns-
1. BlackRock Bitcoin ETF sets new daily volume record amid market fluctuations: On March 14, nearly 100 million shares of BlackRock’s spot Bitcoin ETF were traded, totaling over $3.9 billion in trading volume. This surpasses the previous record of $3.7 billion set less than ten days ago on March 5, marking a significant milestone for the fund. (Cryptopolitan)
2. Cetera Financial Group unveils policy to allow Bitcoin ETF exposure for RIAs, brokers: Cetera is one of the largest wealth management services in the US, with over $475 billion in assets under management.
-Central Bank Digital Currencies (CBDC)-
1. Banco Do Brasil to Test Offline Payments in Brazilian CBDC Pilot: Banco Do Brasil, a bank owned in its majority by the Brazilian state, are partnering to explore the possibilities of bringing offline payments to the future Brazilian CBDC, Drex. The joint initiative will include this functionality in Drex’s pilot, to extend access to financial services to Brazilians with difficult or no access to internet in secluded areas. (BitcoinCom)
-Economic Indicators-
1. US 10-Year Treasury Yield Steadies on Friday: The yield on the US 10-year Treasury note steadied at 4.28% on Friday, after climbing by 19bps this week. (TradingEconomics)
2. Bitcoin Falls from Record Levels: Bitcoin dropped 5% to around $67,100 from its peak of nearly $74,000, as concerns of a potential bubble increased amidst fluctuating global risk sentiment. Coinglass data showed $526 million in bullish crypto bets were liquidated in the past 24 hours, the highest amount in two weeks. (TradingEconomics)
-Technological Updates-
1. Mutiny’s New Browser-Based Bitcoin Wallet on Lightning Avoids App Store Restrictions: Mutiny, a Bitcoin wallet startup, released on Thursday a beta version of what it says is the first self-custodial Lightning wallet that runs on the web. “Our main difference compared to other Lightning wallets like Phoenix and Muun is that our wallet is a progressive web app (PWA),” Giorgio told CoinDesk. “So we can ship and push updates that are not restricted to the limitations of the Apple or Google store platforms.” (Yahoo)
-Security Incidents and Concerns-
1. Pro-Palestinian hackers claim to have hacked Viber: Handala Hack, a pro-Palestinian hacktivist group, claims to have breached the Viber instant messaging service. It wouldn’t be the first time – Viber is much easier to hack compared to similar apps. (CyberNews)
-Bitcoin Community-
1. El Salvador’s Cold Wallet: President Bukele Announces First Bitcoin Piggy Bank: President Nayib Bukele took to Twitter to reveal, “We’ve decided to transfer a big chunk of our Bitcoin to a cold wallet and store that cold wallet in a physical vault within our national territory. You can call it our first Bitcoin piggy bank” (CoinPedia)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 83/100 (Down 5 pts)
Analyst Comments (AC): BTC Price swings are showing highly favorable to institutional whales drawing correlation speculation. Any dip like the present one may be a good time to purchase more BTC. (not investment advice)
Follow us on NOSTR: Bitcoin Veterans (npub1qkt…ms0r)
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Block: 834,795
DTG/ICOD: 0800EST 15Mar24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Putin Set for Reelection / Ukraine Targeting Russian Refineries / US Republicans Agree on Ukraine, Israel Funding / Blackrock Sets Another ETF Record / BTC has 5% Correction / El Salvador Moves BTC into Cold Storage
Market Data: Price: 1 BTC= $67,675, 31.23 oz Gold, .16 Median US House
24hr Hi: $73,063/ Lo: $65,630
Vol: $86B (Up 93%)
Mkt Cap: $1.33T (Down 7%)
HashRate: 557 EH/s
Avg Fees: 9,338 sats/tx (Up 3%)
Nodes: 18,547
---Reports---
-International Events-
1. As Putin eyes sure reelection, Russia’s economy defies sanctions, critics: Russian president is all but guaranteed fifth term in power comes as economy has outperformed expectations. (AlJazerra)
2. Palestinian leader appoints longtime adviser as prime minister in the face of calls for reform: Mohammad Mustafa, a United States-educated economist and political independent, will head a technocratic government in the Israeli-occupied West Bank that could potentially administer Gaza ahead of eventual statehood. (AP)
3. Ukraine is bombing Russian oil refineries right when Russia really needs its oil money: On Tuesday, Bloomberg reported that the country’s oil exports had crept up to 3.7 million barrels a day, their highest level this year. Then, on Wednesday, the Associated Press reported that Ukrainian forces had attacked three oil refineries in two days, including the biggest facility operated by Rosneft, Russia’s biggest oil company. (Quartz)
-US Events-
1. Jurors found both a school shooter’s father and mother guilty of manslaughter: A jury issued a groundbreaking verdict in Michigan Thursday, finding James Crumbley, whose son killed four students at a Michigan high school in 2021, guilty of four involuntary manslaughter counts in a case that experts say could set an important precedent for the extent to which parents of school shooters can be held responsible. (CNN)
2, House Republicans will pass Ukraine aid after backing down on border demand: The news was made on Thursday at the House Republican retreat, with Speaker Mike Johnson telling reporters that bills to further fund both Ukraine’s defence and Israel’s military effort against Hamas would be brought up separately in the coming weeks. (IndependentUK)
-Regulatory and Legal-
1. Hong Kong Regulator Says Crypto Exchange MEXC Has Been Operating Without a License: This is not the first time MEXC has fallen foul of regulators. Last April Japan's Financial Services Agency said the exchange had been operating in the country without registration, as did Germany's Federal Financial Supervisory Authority as recently as October. (CoinDesk)
-Institutional Concerns-
1. BlackRock Bitcoin ETF sets new daily volume record amid market fluctuations: On March 14, nearly 100 million shares of BlackRock’s spot Bitcoin ETF were traded, totaling over $3.9 billion in trading volume. This surpasses the previous record of $3.7 billion set less than ten days ago on March 5, marking a significant milestone for the fund. (Cryptopolitan)
2. Cetera Financial Group unveils policy to allow Bitcoin ETF exposure for RIAs, brokers: Cetera is one of the largest wealth management services in the US, with over $475 billion in assets under management.
-Central Bank Digital Currencies (CBDC)-
1. Banco Do Brasil to Test Offline Payments in Brazilian CBDC Pilot: Banco Do Brasil, a bank owned in its majority by the Brazilian state, are partnering to explore the possibilities of bringing offline payments to the future Brazilian CBDC, Drex. The joint initiative will include this functionality in Drex’s pilot, to extend access to financial services to Brazilians with difficult or no access to internet in secluded areas. (BitcoinCom)
-Economic Indicators-
1. US 10-Year Treasury Yield Steadies on Friday: The yield on the US 10-year Treasury note steadied at 4.28% on Friday, after climbing by 19bps this week. (TradingEconomics)
2. Bitcoin Falls from Record Levels: Bitcoin dropped 5% to around $67,100 from its peak of nearly $74,000, as concerns of a potential bubble increased amidst fluctuating global risk sentiment. Coinglass data showed $526 million in bullish crypto bets were liquidated in the past 24 hours, the highest amount in two weeks. (TradingEconomics)
-Technological Updates-
1. Mutiny’s New Browser-Based Bitcoin Wallet on Lightning Avoids App Store Restrictions: Mutiny, a Bitcoin wallet startup, released on Thursday a beta version of what it says is the first self-custodial Lightning wallet that runs on the web. “Our main difference compared to other Lightning wallets like Phoenix and Muun is that our wallet is a progressive web app (PWA),” Giorgio told CoinDesk. “So we can ship and push updates that are not restricted to the limitations of the Apple or Google store platforms.” (Yahoo)
-Security Incidents and Concerns-
1. Pro-Palestinian hackers claim to have hacked Viber: Handala Hack, a pro-Palestinian hacktivist group, claims to have breached the Viber instant messaging service. It wouldn’t be the first time – Viber is much easier to hack compared to similar apps. (CyberNews)
-Bitcoin Community-
1. El Salvador’s Cold Wallet: President Bukele Announces First Bitcoin Piggy Bank: President Nayib Bukele took to Twitter to reveal, “We’ve decided to transfer a big chunk of our Bitcoin to a cold wallet and store that cold wallet in a physical vault within our national territory. You can call it our first Bitcoin piggy bank” (CoinPedia)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 83/100 (Down 5 pts)
Analyst Comments (AC): BTC Price swings are showing highly favorable to institutional whales drawing correlation speculation. Any dip like the present one may be a good time to purchase more BTC. (not investment advice)
Follow us on NOSTR: Bitcoin Veterans (npub1qkt…ms0r)
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report