Bitcoin Veterans on Nostr: BTC Daily Intelligence Bulletin (DIB) Block: 879,497 DTG/ICOD: 1200Z 16Jan25 ...
BTC Daily Intelligence Bulletin (DIB)
Block: 879,497
DTG/ICOD: 1200Z 16Jan25
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Not Quite Yet on Hamas Hostages Deal / Detained President Yoon Stays Quiet / Biden Gives Dark Speech on Way Out / LA Fires Dwindle / DOJ to Give $9B of Bitcoin Back to Bitfinex / Oklahoma Latest State to Vote on Bitcoin Reserve / Eight US Blockchain Lobby Group Unite / Trump May Consider Other Crypto Reserves / Several Argentina Companies Have Bitcoin Reserves / World Liberty Positions for Crypto Boom / CPI Say Inflation Slowing Down, Wall Street Likes It / LinkedIn "Recruiters" May Be NK Spies / Bezos Puts Rocket in Space
Market Data: Price: 1 BTC= $99,094, 36.12 oz Gold, .23 Median US House
24hr Hi: $100,781 / Lo: $96,814
Vol: $58B (Up 16%)
Mkt Cap: $1.99T (Up 2%)
HashRate: 735 EH/s
Avg Fee Rate: 4 sats/vBtye (Down 33%)
Nodes: 21,198
---Reports---
-International Events-
1. Netanyahu says ‘last minute crisis’ with Hamas holding up approval of Gaza truce and hostage deal: Netanyahu began signaling there were issues with the deal just hours after U.S. President Joe Biden and key mediator Qatar announced it was complete. The objection created a dual reality: War-weary Palestinians in Gaza, the relatives of hostages held there and world leaders all welcomed an agreement, expected to begin Sunday, even as Netanyahu said it was not yet finalized. The deal announced Wednesday would see a scores of hostages held in Gaza released and a pause in fighting with a view to eventually wind down a 15-month war that has destabilized the Middle East and sparked worldwide protests. (AP)
2. Detained South Korean President Yoon refuses second day of questioning: South Korea’s arrested President Yoon Suk Yeol failed to attend a second day of questioning by investigators on Thursday, further stonewalling a criminal investigation into whether he committed insurrection with his martial law bid. Authorities have 48 hours to question the suspended president, after which they must release him or seek a warrant to detain him for up to 20 days. (NBC)
-US Events-
1. Biden Warns US Heading For 'Oligarchy' Under Trump, Musk In Dark Farewell Speech: U.S. President Joe Biden urged Americans Wednesday to "stand guard" against a "dangerous" oligarchy forming under Donald Trump as he delivered a dark farewell address before stepping down next week. Biden also warned of the dangers of AI, saying that America must take the "lead" over China on the transformative technology, and said that "powerful forces" threatened his climate achievements. (IBTimes)
2. Los Angeles wildfires: As winds ease, officials warn residents ‘not out of the woods yet’: A window of dangerous fire weather conditions has closed, but firefighters battling the Los Angeles blazes are still contending with “extreme hazards and the potential for fire growth,” a Cal Fire official said. Forecasters warn another round of Santa Ana Winds are expected early next week. But even for those whose homes were not destroyed, getting back to their neighborhoods may be delayed by the critical work of removing hazardous debris. That cleanup process could take three to six months. (CNN)
-Regulatory and Legal-
1. Department of Justice Orders Return of $9 Billion in Bitcoin From 2016 Bitfinex Hack: The DoJ stated that the recovered Bitcoin from the 2016 Bitfinex hack, valued at $9 billion today, should be returned to the exchange as there are no specific victims. Despite efforts to reimburse customers, some have contested the claim of being fully compensated. (Decrypt)
2. Oklahoma lawmaker proposes bill for state to invest in bitcoin: Oklahoma Representative Cody Maynard announced on Wednesday that “House Bill 1203,” or the “Strategic Bitcoin Reserve Act,” seeks to allow the state’s savings accounts and pension funds to invest in cryptocurrencies, including bitcoin. Representatives from states, including Texas, Pennsylvania and Ohio, have recently pushed to build bitcoin reserves in their respective states. (TheBlock)
3. Eight U.S. Blockchain Lobby Groups Unite Ahead of Trump's Crypto Friendly Regime: Blockchain associations from eight U.S. states announced on Tuesday the creation of the North American Blockchain Association (NABA), an organization aiming to provide cohesive crypto policy recommendations to the federal government. Members include the Texas Blockchain Council, the Alabama Blockchain Alliance, the California Blockchain Advocacy Coalition, the Florida Blockchain Business Association, the Ohio Blockchain Council, the Pennsylvania Blockchain Coalition, the Virginia Blockchain Council and the Washington Technology Industry Association Cascadia Blockchain Council. (CoinDesk)
-Central Bank Digital Currencies/World Currencies-
1. Donald Trump Open to Having XRP, Solana and USDC Strategic Reserves: The latest report from New York Post shows that Donald Trump and his transition team are preparing to issue pro-crypto executive orders which will also include repealing the controversial crypto accounting policy aka SAB 121. A source familiar with the matter said that one idea that’s causing more controversy is the idea of having an America-first strategic reserve. This means that the Trump transition team would prioritize cryptocurrencies founded in the US such as XRP, Solana, and the USDC stablecoin for strategic reserves. (CoinGape) (AC-Single source speculative reporting is not high on the reliability scale. This could be an influence tactic or actual truth that it's being "considered". Probability lies in the former.)
-Institutional Concerns-
1. Bitcoin Fever Reaches Corporate Argentina: These Unicorns Already Hold BTC: The so-called “bitcoin standard” pushed by Michael Saylor, using Microstrategy as its corporate driver, is becoming popular. Companies like Semler Scientific, Genius Group, Metaplanet, and KULR are diversifying their reserves using BTC. The Argentine company that holds the most bitcoin is, unsurprisingly, Bitfarms, a BTC miner. The mining company owns nearly 870 BTC as part of its operations. Mercado Libre, one of the largest e-tailers in Latam, is the second Argentine company with the most bitcoin, storing 412 BTC in its vaults. Finally, Globant, an IT and software engineering company, possesses 15 BTC. (BitcoinCOM) (AC-Just a reminder that BTC is a global phenomena, and US reporting is incomplete.)
2. World Liberty Financial Swaps $10 Million Bitcoin for Ethereum: World Liberty Financial, associated with the Trump family, exchanged 103 wrapped BTC for 3,075 ETH on Jan. 14, transferring $61.4 million worth of ETH to various wallets, including Coinbase Prime. The exchange clarified that these movements were for business purposes, not token sales, reducing its portfolio from $83 million to $17.27 million. (Decrypt)
-Economic Indicators-
1. US Inflation Rate Rises for Third Month, but Core Rate Slows: The annual inflation rate in the US rose for a 3rd consecutive month to 2.9% in December 2024 from 2.7% in November, in line with market expectations. (TradingEconomics)
2. Wall Street Rallies After CPI Report, Bank Earnings: The three major US stock indices posted their biggest daily gains in over two months on Wednesday, driven by strong bank earnings and lower-than-expected core inflation data. The S&P 500 gained 1.8%, the Dow Jones advanced 703 points, or 1.6%, and the Nasdaq 100 surged 2.4%. The CPI report showed progress toward the Fed's 2% inflation target, with core CPI rising 3.2% yoy, down from 3.3% in November. (TradingEconomics)
-Security Incidents and Concerns-
1. Lazarus Group Targets Web3 Developers with Fake LinkedIn Profiles in Operation 99: The North Korea-linked Lazarus Group has been attributed to a new cyber attack campaign dubbed Operation 99 that targeted software developers looking for freelance Web3 and cryptocurrency work to deliver malware. "The campaign begins with fake recruiters, posing on platforms like LinkedIn, luring developers with project tests and code reviews." (HackerNews)
-Technology and Science-
1. Jeff Bezos’ Blue Origin launches massive New Glenn rocket on first test flight: Blue Origin launched its New Glenn rocket on its first test flight, sending a prototype satellite into orbit thousands of miles above Earth. The New Glenn rocket, named after John Glenn, took off from Florida and successfully reached orbit 13 minutes later, receiving praise from Elon Musk. The mission is part of Blue Origin's plans for six to eight flights this year, with future missions expected to send spacecraft to Mars. (GroundNews)
-Bitcoin Community-
1. NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 75/100 (Up 5 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Block: 879,497
DTG/ICOD: 1200Z 16Jan25
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Not Quite Yet on Hamas Hostages Deal / Detained President Yoon Stays Quiet / Biden Gives Dark Speech on Way Out / LA Fires Dwindle / DOJ to Give $9B of Bitcoin Back to Bitfinex / Oklahoma Latest State to Vote on Bitcoin Reserve / Eight US Blockchain Lobby Group Unite / Trump May Consider Other Crypto Reserves / Several Argentina Companies Have Bitcoin Reserves / World Liberty Positions for Crypto Boom / CPI Say Inflation Slowing Down, Wall Street Likes It / LinkedIn "Recruiters" May Be NK Spies / Bezos Puts Rocket in Space
Market Data: Price: 1 BTC= $99,094, 36.12 oz Gold, .23 Median US House
24hr Hi: $100,781 / Lo: $96,814
Vol: $58B (Up 16%)
Mkt Cap: $1.99T (Up 2%)
HashRate: 735 EH/s
Avg Fee Rate: 4 sats/vBtye (Down 33%)
Nodes: 21,198
---Reports---
-International Events-
1. Netanyahu says ‘last minute crisis’ with Hamas holding up approval of Gaza truce and hostage deal: Netanyahu began signaling there were issues with the deal just hours after U.S. President Joe Biden and key mediator Qatar announced it was complete. The objection created a dual reality: War-weary Palestinians in Gaza, the relatives of hostages held there and world leaders all welcomed an agreement, expected to begin Sunday, even as Netanyahu said it was not yet finalized. The deal announced Wednesday would see a scores of hostages held in Gaza released and a pause in fighting with a view to eventually wind down a 15-month war that has destabilized the Middle East and sparked worldwide protests. (AP)
2. Detained South Korean President Yoon refuses second day of questioning: South Korea’s arrested President Yoon Suk Yeol failed to attend a second day of questioning by investigators on Thursday, further stonewalling a criminal investigation into whether he committed insurrection with his martial law bid. Authorities have 48 hours to question the suspended president, after which they must release him or seek a warrant to detain him for up to 20 days. (NBC)
-US Events-
1. Biden Warns US Heading For 'Oligarchy' Under Trump, Musk In Dark Farewell Speech: U.S. President Joe Biden urged Americans Wednesday to "stand guard" against a "dangerous" oligarchy forming under Donald Trump as he delivered a dark farewell address before stepping down next week. Biden also warned of the dangers of AI, saying that America must take the "lead" over China on the transformative technology, and said that "powerful forces" threatened his climate achievements. (IBTimes)
2. Los Angeles wildfires: As winds ease, officials warn residents ‘not out of the woods yet’: A window of dangerous fire weather conditions has closed, but firefighters battling the Los Angeles blazes are still contending with “extreme hazards and the potential for fire growth,” a Cal Fire official said. Forecasters warn another round of Santa Ana Winds are expected early next week. But even for those whose homes were not destroyed, getting back to their neighborhoods may be delayed by the critical work of removing hazardous debris. That cleanup process could take three to six months. (CNN)
-Regulatory and Legal-
1. Department of Justice Orders Return of $9 Billion in Bitcoin From 2016 Bitfinex Hack: The DoJ stated that the recovered Bitcoin from the 2016 Bitfinex hack, valued at $9 billion today, should be returned to the exchange as there are no specific victims. Despite efforts to reimburse customers, some have contested the claim of being fully compensated. (Decrypt)
2. Oklahoma lawmaker proposes bill for state to invest in bitcoin: Oklahoma Representative Cody Maynard announced on Wednesday that “House Bill 1203,” or the “Strategic Bitcoin Reserve Act,” seeks to allow the state’s savings accounts and pension funds to invest in cryptocurrencies, including bitcoin. Representatives from states, including Texas, Pennsylvania and Ohio, have recently pushed to build bitcoin reserves in their respective states. (TheBlock)
3. Eight U.S. Blockchain Lobby Groups Unite Ahead of Trump's Crypto Friendly Regime: Blockchain associations from eight U.S. states announced on Tuesday the creation of the North American Blockchain Association (NABA), an organization aiming to provide cohesive crypto policy recommendations to the federal government. Members include the Texas Blockchain Council, the Alabama Blockchain Alliance, the California Blockchain Advocacy Coalition, the Florida Blockchain Business Association, the Ohio Blockchain Council, the Pennsylvania Blockchain Coalition, the Virginia Blockchain Council and the Washington Technology Industry Association Cascadia Blockchain Council. (CoinDesk)
-Central Bank Digital Currencies/World Currencies-
1. Donald Trump Open to Having XRP, Solana and USDC Strategic Reserves: The latest report from New York Post shows that Donald Trump and his transition team are preparing to issue pro-crypto executive orders which will also include repealing the controversial crypto accounting policy aka SAB 121. A source familiar with the matter said that one idea that’s causing more controversy is the idea of having an America-first strategic reserve. This means that the Trump transition team would prioritize cryptocurrencies founded in the US such as XRP, Solana, and the USDC stablecoin for strategic reserves. (CoinGape) (AC-Single source speculative reporting is not high on the reliability scale. This could be an influence tactic or actual truth that it's being "considered". Probability lies in the former.)
-Institutional Concerns-
1. Bitcoin Fever Reaches Corporate Argentina: These Unicorns Already Hold BTC: The so-called “bitcoin standard” pushed by Michael Saylor, using Microstrategy as its corporate driver, is becoming popular. Companies like Semler Scientific, Genius Group, Metaplanet, and KULR are diversifying their reserves using BTC. The Argentine company that holds the most bitcoin is, unsurprisingly, Bitfarms, a BTC miner. The mining company owns nearly 870 BTC as part of its operations. Mercado Libre, one of the largest e-tailers in Latam, is the second Argentine company with the most bitcoin, storing 412 BTC in its vaults. Finally, Globant, an IT and software engineering company, possesses 15 BTC. (BitcoinCOM) (AC-Just a reminder that BTC is a global phenomena, and US reporting is incomplete.)
2. World Liberty Financial Swaps $10 Million Bitcoin for Ethereum: World Liberty Financial, associated with the Trump family, exchanged 103 wrapped BTC for 3,075 ETH on Jan. 14, transferring $61.4 million worth of ETH to various wallets, including Coinbase Prime. The exchange clarified that these movements were for business purposes, not token sales, reducing its portfolio from $83 million to $17.27 million. (Decrypt)
-Economic Indicators-
1. US Inflation Rate Rises for Third Month, but Core Rate Slows: The annual inflation rate in the US rose for a 3rd consecutive month to 2.9% in December 2024 from 2.7% in November, in line with market expectations. (TradingEconomics)
2. Wall Street Rallies After CPI Report, Bank Earnings: The three major US stock indices posted their biggest daily gains in over two months on Wednesday, driven by strong bank earnings and lower-than-expected core inflation data. The S&P 500 gained 1.8%, the Dow Jones advanced 703 points, or 1.6%, and the Nasdaq 100 surged 2.4%. The CPI report showed progress toward the Fed's 2% inflation target, with core CPI rising 3.2% yoy, down from 3.3% in November. (TradingEconomics)
-Security Incidents and Concerns-
1. Lazarus Group Targets Web3 Developers with Fake LinkedIn Profiles in Operation 99: The North Korea-linked Lazarus Group has been attributed to a new cyber attack campaign dubbed Operation 99 that targeted software developers looking for freelance Web3 and cryptocurrency work to deliver malware. "The campaign begins with fake recruiters, posing on platforms like LinkedIn, luring developers with project tests and code reviews." (HackerNews)
-Technology and Science-
1. Jeff Bezos’ Blue Origin launches massive New Glenn rocket on first test flight: Blue Origin launched its New Glenn rocket on its first test flight, sending a prototype satellite into orbit thousands of miles above Earth. The New Glenn rocket, named after John Glenn, took off from Florida and successfully reached orbit 13 minutes later, receiving praise from Elon Musk. The mission is part of Blue Origin's plans for six to eight flights this year, with future missions expected to send spacecraft to Mars. (GroundNews)
-Bitcoin Community-
1. NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 75/100 (Up 5 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report