BTC Daily Intelligence Bulletin (DIB)
Block: 882,714
DTG/ICOD: 1200Z 07Feb2025
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Trump Meets Japanese PM / Baltic States Break From Russian Energy Grid / Trump Announces Middle-Class Tax Plan / Russ Vought Confirmed for OMB Lead / Commuter Plane Missing in Alaska / Canadian Busted for Hiding 450 BTC / SEC Looks at In-Kind Redemption for ETFs / Czech Republic Drops Bitcoin Cap Gains / US Fed Governor Likes Stablecoins for USD / 16 of 50 States Exploring BTC SBRs / Whales Taking Bitcoin Off Exchanges / Jobs Report Today / US Bill Seeks to 'Deep Six' DeepSeek / DOGE Wants AI for GSA / Wall Street Looks to Put Real-World Assets on New Blockchain / Cleanspark Crushing it on BTC Mining
Market Data: Price: 1 BTC= $98,151, 34.13 oz Gold, .23 Median US House
24hr Hi: $98,910 / Lo: $95,707
Vol: $46B (Up 2%)
Mkt Cap: $1.93T (Down 1%)
HashRate: 840 EH/s
Avg Fee Rate: 3 sats/vBtye (Down 25%)
---Reports---
-International Events-
1. Trump to meet Japan's Ishiba as China trade war simmers: U.S. President Donald Trump will meet Japanese Prime Minister Shigeru Ishiba for the first time on Friday as two allies wary of China's rise work to boost business and security ties while an escalating trade war threatens to rupture the global economy. Japan is especially trade-dependent: it is a major exporter and counts on imports for much of its food and natural resources, and many of its firms are deeply invested in and reliant on China. Japanese officials are wary of possible efforts by Beijing to court the U.S. president with promises of cooperation on key global issues, including trade. (Reuters)
2. Russia’s Baltic neighbors are breaking away from its power grid — and they’re braced for retaliation: The Baltic counties of Lithuania, Latvia, and Estonia are bracing themselves for possible cyberattacks this weekend as they complete their long-awaited decoupling from Russia’s power grid. (CNBC)
-US Events-
1. Trump's Ambitious Tax Relief for Middle Class Announced: The Trump administration has announced a new tax proposal aimed at providing significant tax relief for middle-class Americans. Key features include no taxes on tips, Social Security for seniors, and overtime pay, alongside renewing the Trump Tax Cuts from 2017. The plan also involves adjusting the SALT cap, ending tax breaks for billionaire sports team owners, closing the carried interest loophole, and proposing tax cuts for 'Made in America' products. This proposal is described as potentially the largest tax cut in history for middle-class working Americans, though economic analyses vary on its impact across different income groups. (X, Various)
2. The Senate confirmed Russ Vought as Director of the Office of Management and Budget with a 53-47 vote, following a lengthy delay by Democrats who expressed concerns about his potential influence over federal operations and employees. (GroundNews)
3. Bering Air Flight Missing Near Nome, Alaska: A Bering Air Cessna 208B Grand Caravan, carrying 9 passengers and 1 pilot, disappeared from radar during its flight from Unalakleet to Nome, Alaska. The incident occurred on February 6, 2025, prompting immediate search and rescue operations despite challenging weather conditions. (X, Various)
-Regulatory and Legal-
1. Canadian Businessman Sentenced to 41 Months in U.S. Prison for Hiding 450 BTC: Firoz Patel’s sentencing relates to 450 bitcoins he failed to disclose in a 2020 trial. Officials accused Patel of not informing the U.S. District Court of these Bitcoin holdings after he was convicted and sentenced to 36 months for operating Payza, an unlicensed cryptocurrency payment processing platform. (BitcoinCom) (AC-A lesson in Bitcoin OPSEC management. The article shows how exchanges are who gave him up to authorities.)
2. SEC Reviews BlackRock’s Bitcoin ETF In-Kind Redemption Proposal: BlackRock has proposed allowing in-kind redemptions for its Bitcoin ETF, which would let authorized participants receive actual Bitcoin instead of cash when redeeming shares – SEC is now reviewing this proposal. This change would only affect authorized participants (large financial institutions), not retail investors. (Blockonomi)
3. Czech Republic exempts Bitcoin from capital gains tax after three years: Czech President Petr Pavel signed a historic bill on Feb. 6 that exempts Bitcoin from capital gains taxes if held for at least three years. The Czech parliament unanimously approved the measure in December last year, reflecting a commitment to align with the European Union’s Markets in Crypto-Assets (MiCA) framework. (CryptoSlate)
-CBDCs/World Currencies/Strategic Reserves-
1. Fed’s Waller backs regulated stablecoins to boost US dollar’s global dominance: Federal Reserve Bank Governor Christopher Waller says he supports the adoption of stablecoins with clear rules and regulations because it will likely cement the US dollar’s status as a reserve currency. (CoinTelegraph) (AC-Maintaining USD hegemony requires a move into digital assets. CBDCs and stablecoins are the primary options for fiat-minded, American regulators. The third option of a bitcoin-backed USD is not an option they'd consider right now.)
2. A Third of All US States Now Exploring Bitcoin, Crypto for Public Funds: Out of 50 U.S. states, 16 have ongoing legislative considerations and varying statuses. Utah stands out as the state closest to a potential implementation. Its bill would authorize the allocation of 5% to "qualifying digital assets." (Decrypt)
-Institutional Concerns-
1. Bitcoin Worth $1.6B Leave Exchanges in Biggest Bullish Outflow Since April: "Whales are buying this dip," Dragosch said on X, referring to the large outflow of coins. Investors typically take direct custody of coins when planning to hold them for the long term. Hence, a large outflow of exchanges is taken to represent bullish sentiment. (CoinDesk) (AC-Price in USD is not the only indicator of demand.)
-Economic Indicators-
1. US 10-Year Yield Holds Steady: The yield on the 10-year US Treasury note remained steady around 4.45% on Friday, as investors awaited the highly anticipated monthly jobs report, which could influence the Federal Reserve’s monetary policy outlook. (TradingEconomics)
-Security Incidents and Concerns-
1. Lawmakers push for DeepSeek ban from federal devices over China concerns: Two lawmakers have introduced a bill to ban the Chinese artificial intelligence platform DeepSeek from any federal devices. Reps. Josh Gottheimer (D-N.J.) and Darin LaHood (R-IL) unveiled the “No DeepSeek on Government Devices Act” on Thursday to address security concerns about DeepSeek since it emerged as a powerful, low-cost alternative to U.S.-made AI tools like ChatGPT. (TheRecord)
-Technology and Science-
1. DOGE Reportedly Building Custom Chatbot GSAi – Will Elon Musk Replace GSA Staffers With AI?: One of the priorities for the initiative is to boost productivity for roughly 12,000 employees with the GSA, a unit tasked with management of office buildings, contracts, and IT infrastructure across the federal government. DOGE is also hoping that GSAi can be used to analyze huge data around contract and procurement. (IBTimes)
2. Wall Street Giants Back New Blockchain for Tokenizing Real-World Assets: Ondo Chain, a new blockchain for tokenizing real-world assets, was announced with support from Wall Street giants. The President Trump-backed World Liberty Financial project purchased $470,000 worth of ONDO tokens. Top asset managers like Franklin Templeton and Google Cloud are design advisors for the chain. (Decrypt) (AC-Looking into the future, this type of project will become a reality. How and who are the questions to be answered.)
-Bitcoin Community-
1. CleanSpark reports $162.3 million in quarterly revenue: 'Why buy bitcoin at current prices when we can mine it for $34,000?' CleanSpark is one of the industry’s “pure-play” miners, preferring to focus on Bitcoin rather than diversify into the AI data center hosting opportunities explored by many of its rivals. (TheBlock)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 44/100 (Down 10 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
Listen to us daily on X discuss the DIB and more: X Spaces, Bitcoin Veterans, 10amEST/7amPST
Watch us on YouTube and X Spaces: Tuesdays at 9pmEST/6pmPST
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BV DIB
bv2a@bitcoinveterans.org
npub1q8e3...mplj
Bitcoin Veterans Auxiliary Unit whose mission is to bring you the Daily Intelligence Bulletin
All zaps go to Bitcoin Veterans
BTC Daily Intelligence Bulletin (DIB)
Block: 882,714
DTG/ICOD: 1200Z 07Feb2025
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Trump Meets Japanese PM / Baltic States Break From Russian Energy Grid / Trump Announces Middle-Class Tax Plan / Russ Vought Confirmed for OMB Lead / Commuter Plane Missing in Alaska / Canadian Busted for Hiding 450 BTC / SEC Looks at In-Kind Redemption for ETFs / Czech Republic Drops Bitcoin Cap Gains / US Fed Governor Likes Stablecoins for USD / 16 of 50 States Exploring BTC SBRs / Whales Taking Bitcoin Off Exchanges / Jobs Report Today / US Bill Seeks to 'Deep Six' DeepSeek / DOGE Wants AI for GSA / Wall Street Looks to Put Real-World Assets on New Blockchain / Cleanspark Crushing it on BTC Mining
Market Data: Price: 1 BTC= $98,151, 34.13 oz Gold, .23 Median US House
24hr Hi: $98,910 / Lo: $95,707
Vol: $46B (Up 2%)
Mkt Cap: $1.93T (Down 1%)
HashRate: 840 EH/s
Avg Fee Rate: 3 sats/vBtye (Down 25%)
---Reports---
-International Events-
1. Trump to meet Japan's Ishiba as China trade war simmers: U.S. President Donald Trump will meet Japanese Prime Minister Shigeru Ishiba for the first time on Friday as two allies wary of China's rise work to boost business and security ties while an escalating trade war threatens to rupture the global economy. Japan is especially trade-dependent: it is a major exporter and counts on imports for much of its food and natural resources, and many of its firms are deeply invested in and reliant on China. Japanese officials are wary of possible efforts by Beijing to court the U.S. president with promises of cooperation on key global issues, including trade. (Reuters)
2. Russia’s Baltic neighbors are breaking away from its power grid — and they’re braced for retaliation: The Baltic counties of Lithuania, Latvia, and Estonia are bracing themselves for possible cyberattacks this weekend as they complete their long-awaited decoupling from Russia’s power grid. (CNBC)
-US Events-
1. Trump's Ambitious Tax Relief for Middle Class Announced: The Trump administration has announced a new tax proposal aimed at providing significant tax relief for middle-class Americans. Key features include no taxes on tips, Social Security for seniors, and overtime pay, alongside renewing the Trump Tax Cuts from 2017. The plan also involves adjusting the SALT cap, ending tax breaks for billionaire sports team owners, closing the carried interest loophole, and proposing tax cuts for 'Made in America' products. This proposal is described as potentially the largest tax cut in history for middle-class working Americans, though economic analyses vary on its impact across different income groups. (X, Various)
2. The Senate confirmed Russ Vought as Director of the Office of Management and Budget with a 53-47 vote, following a lengthy delay by Democrats who expressed concerns about his potential influence over federal operations and employees. (GroundNews)
3. Bering Air Flight Missing Near Nome, Alaska: A Bering Air Cessna 208B Grand Caravan, carrying 9 passengers and 1 pilot, disappeared from radar during its flight from Unalakleet to Nome, Alaska. The incident occurred on February 6, 2025, prompting immediate search and rescue operations despite challenging weather conditions. (X, Various)
-Regulatory and Legal-
1. Canadian Businessman Sentenced to 41 Months in U.S. Prison for Hiding 450 BTC: Firoz Patel’s sentencing relates to 450 bitcoins he failed to disclose in a 2020 trial. Officials accused Patel of not informing the U.S. District Court of these Bitcoin holdings after he was convicted and sentenced to 36 months for operating Payza, an unlicensed cryptocurrency payment processing platform. (BitcoinCom) (AC-A lesson in Bitcoin OPSEC management. The article shows how exchanges are who gave him up to authorities.)
2. SEC Reviews BlackRock’s Bitcoin ETF In-Kind Redemption Proposal: BlackRock has proposed allowing in-kind redemptions for its Bitcoin ETF, which would let authorized participants receive actual Bitcoin instead of cash when redeeming shares – SEC is now reviewing this proposal. This change would only affect authorized participants (large financial institutions), not retail investors. (Blockonomi)
3. Czech Republic exempts Bitcoin from capital gains tax after three years: Czech President Petr Pavel signed a historic bill on Feb. 6 that exempts Bitcoin from capital gains taxes if held for at least three years. The Czech parliament unanimously approved the measure in December last year, reflecting a commitment to align with the European Union’s Markets in Crypto-Assets (MiCA) framework. (CryptoSlate)
-CBDCs/World Currencies/Strategic Reserves-
1. Fed’s Waller backs regulated stablecoins to boost US dollar’s global dominance: Federal Reserve Bank Governor Christopher Waller says he supports the adoption of stablecoins with clear rules and regulations because it will likely cement the US dollar’s status as a reserve currency. (CoinTelegraph) (AC-Maintaining USD hegemony requires a move into digital assets. CBDCs and stablecoins are the primary options for fiat-minded, American regulators. The third option of a bitcoin-backed USD is not an option they'd consider right now.)
2. A Third of All US States Now Exploring Bitcoin, Crypto for Public Funds: Out of 50 U.S. states, 16 have ongoing legislative considerations and varying statuses. Utah stands out as the state closest to a potential implementation. Its bill would authorize the allocation of 5% to "qualifying digital assets." (Decrypt)
-Institutional Concerns-
1. Bitcoin Worth $1.6B Leave Exchanges in Biggest Bullish Outflow Since April: "Whales are buying this dip," Dragosch said on X, referring to the large outflow of coins. Investors typically take direct custody of coins when planning to hold them for the long term. Hence, a large outflow of exchanges is taken to represent bullish sentiment. (CoinDesk) (AC-Price in USD is not the only indicator of demand.)
-Economic Indicators-
1. US 10-Year Yield Holds Steady: The yield on the 10-year US Treasury note remained steady around 4.45% on Friday, as investors awaited the highly anticipated monthly jobs report, which could influence the Federal Reserve’s monetary policy outlook. (TradingEconomics)
-Security Incidents and Concerns-
1. Lawmakers push for DeepSeek ban from federal devices over China concerns: Two lawmakers have introduced a bill to ban the Chinese artificial intelligence platform DeepSeek from any federal devices. Reps. Josh Gottheimer (D-N.J.) and Darin LaHood (R-IL) unveiled the “No DeepSeek on Government Devices Act” on Thursday to address security concerns about DeepSeek since it emerged as a powerful, low-cost alternative to U.S.-made AI tools like ChatGPT. (TheRecord)
-Technology and Science-
1. DOGE Reportedly Building Custom Chatbot GSAi – Will Elon Musk Replace GSA Staffers With AI?: One of the priorities for the initiative is to boost productivity for roughly 12,000 employees with the GSA, a unit tasked with management of office buildings, contracts, and IT infrastructure across the federal government. DOGE is also hoping that GSAi can be used to analyze huge data around contract and procurement. (IBTimes)
2. Wall Street Giants Back New Blockchain for Tokenizing Real-World Assets: Ondo Chain, a new blockchain for tokenizing real-world assets, was announced with support from Wall Street giants. The President Trump-backed World Liberty Financial project purchased $470,000 worth of ONDO tokens. Top asset managers like Franklin Templeton and Google Cloud are design advisors for the chain. (Decrypt) (AC-Looking into the future, this type of project will become a reality. How and who are the questions to be answered.)
-Bitcoin Community-
1. CleanSpark reports $162.3 million in quarterly revenue: 'Why buy bitcoin at current prices when we can mine it for $34,000?' CleanSpark is one of the industry’s “pure-play” miners, preferring to focus on Bitcoin rather than diversify into the AI data center hosting opportunities explored by many of its rivals. (TheBlock)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 44/100 (Down 10 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
Listen to us daily on X discuss the DIB and more: X Spaces, Bitcoin Veterans, 10amEST/7amPST
Watch us on YouTube and X Spaces: Tuesdays at 9pmEST/6pmPST
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 882,279
DTG/ICOD: 1200Z 04Feb2025
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: El Salvador Offers to Take US Deported Criminals / Panama Ends Deal With China Over Canal / Pause in DR Congo Fighting / China Hikes Tariffs in Response to US Tariffs / Trump EO Establishes Sovereign Wealth Fund / Chris Wright Confirmed for Energy Secretary / Lawsuit Filed Over DOGE Access to Treasury / Is Dept. of Education Next? / Congress To Hold ChokePoint 2.0 Hearing / USG Crypto Conference Today / China, EU Given CBDC Leadership Chance / Strong Dollar, Strong Manufacturing Numbers / Cyber Risk In DOGE Access / China to Launch Robot to Moon / Bitcoin Hashrate at ATH
Market Data: Price: 1 BTC= $99,516, 35.20 oz Gold, .23 Median US House
24hr Hi: $102,514 / Lo: $94,244
Vol: $80B (Down 21%)
Mkt Cap: $1.97T (Up 5%)
HashRate: 836 EH/s
Avg Fee Rate: 2 sats/vBtye (Even)
---Reports---
-International Events-
1. El Salvador offers to house criminals deported from the US in its jails: El Salvador on Monday offered to house in its jails "dangerous criminals" from anywhere in the world deported by the United States, U.S. Secretary of State Marco Rubio said after lengthy talks with the Central American country's leader. Bukele also offered to house dangerous criminals who are U.S. citizens or legal residents, Rubio said, although it was unclear whether the U.S. would take up that offer. "The fee would be relatively low for the U.S. but significant for us, making our entire prison system sustainable." Bukele said. (Retuers)
2. Panama pledges to end key canal deal with China, work with US after Rubio visit: José Raúl Mulino, Panama's president said he would not renew a 2017 memorandum of understanding to join China’s Belt and Road global development initiative and that Panama would instead look to work more closely with the U.S. (Fox)
3. Rebels declare ceasefire in DR Congo for 'humanitarian reasons': The group - which includes the Rwanda-backed M23 rebels - cited "humanitarian reasons" for the ceasefire, after it has been capturing territory in eastern parts of the country. The UN said at least 900 people have been killed and 2,880 injured in recent fighting in and around Goma, DR Congo's largest eastern city, after it was seized by rebels. (BBC)
4. China retaliates with additional tariffs of up to 15% on select U.S. imports starting Feb. 10: China’s finance ministry said Tuesday it will impose additional tariffs of 15% on coal and liquified natural gas imports from the U.S., starting Feb. 10. China will also levy 10% higher duties on American crude oil, farm equipment and certain cars and trucks, as well as enacting export controls on certain products related to critical minerals. (CNBC)
-US Events-
1. Trump signs order establishing a sovereign wealth fund that he says could buy TikTok: “We’re going to stand this thing up within the next 12 months. We’re going to monetize the asset side of the U.S. balance sheet for the American people,” U.S. Treasury Secretary Scott Bessent said during a media parley. “There’ll be a combination of liquid assets, assets that we have in this country as we work to bring them out for the American people.” (CNBC) (AC-There's a danger of this fund turning into a political slush fund, for both sides. Hopefully this will be crafted to mitigate this risk.)
2. Senate Confirms CEO Chris Wright as Trump’s Energy Secretary: The Senate approved his nomination, 59-38. Eight Democrats—including both senators from Wright’s home state of Colorado—voted in favor. (Time)
3. Treasury Faces Legal Challenge Over Data-Sharing Deal With Musk's DOGE: The American Federation of Government Employees (AFGE) and several other unions filed a lawsuit against the U.S. Treasury Department on Monday, challenging its decision to grant access to Treasury data to the Department of Government Efficiency (DOGE). (IBTimes)
4. Trump Eyes Dismantling Education Dept: The Trump administration is in the process of considering an executive order aimed at dismantling the U.S. Department of Education. This action involves placing dozens of department officials on leave, connected to an executive order focusing on eliminating DEI initiatives. The move is part of a broader plan to reduce federal oversight in education, shifting control back to individual states. (X)
-Regulatory and Legal-
1. Coinbase CLO to Address Operation Choke Point 2.0 in Congress: Paul Grewal, Coinbase’s chief legal officer, said he would testify before Congress regarding Operation Choke Point 2.0 during a hearing scheduled for February 6, 2025. (Blockonomi)
2. Crypto Market Recovers Before Crypto Czar David Sacks’ Digital Asset Leadership Conference: David Sacks will be hosting the first press conference on Tuesday, February 4, discussing America’s leadership role in the digital assets industry moving ahead. (CoinGape)
-CBDCs/World Currencies/Strategic Reserves-
1. Trump's digital dollar ban gives China and Europe's CBDCs free rein: Donald Trump's rapid move to ban a "digital dollar" has left the field wide open, observers say, for China and Europe to make their already-advanced central bank digital currency (CBDC) prototypes into global standard-setters. (Reuters, MSN, CNN) (AC-Interesting take with similar headlines in the left-leaning outlets. The articles are highly CBDC favorable and seems almost a tease to the Trump admin.)
-Institutional Concerns-
NSTR
-Economic Indicators-
1. Dollar Reverses Gains, Trade War Eyed: The dollar index briefly surpassed 109 before trimming gains to settle at 108.6 on Tuesday, as traders closely monitored developments in the escalating trade war. The 10% US tariffs on Chinese imports took effect today, prompting an immediate response from Beijing, which imposed retaliatory tariffs on select US exports including oil, gas, coal, cars, and farm equipment, set to take effect on February 10th. (TradingEconomics)
2. US Factory Activity Returns to Growth: ISM: The ISM Manufacturing PMI for the US rose to 50.9 in January 2025 from a downwardly revised 49.2 in December 2024 and beating forecasts of 49.8. The reading pointed to the first expansion in the factory sector after 26 consecutive months of contraction. (TradingEconomics)
-Security Incidents and Concerns-
1. As DOGE teams plug into federal networks, cybersecurity risks could be huge, experts say: Allowing employees to plug computers with unknown security controls into the Office of Personnel Management (OPM) network could give a foreign adversary a fresh way to breach the system and obtain sensitive data, including information from federal employees’ background checks and security clearance records, they said. DOGE workers' access to the Department of Treasury’s payments system also threatens national security, the experts said, because it includes details of payments to intelligence contractors or highly personal data about national security officials. (TheRecord)
-Technology and Science-
1. China’s Chang’e-7 mission to send flying robot to moon’s south pole to look for water: China plans to deploy a smart robotic “flying detector” to search for water on the lunar south pole as part of its Chang’e-7 mission next year – one step in the nation’s goal of landing humans on the moon in five years. (SCMP)
-Bitcoin Community-
1. Bitcoin Hashrate Hits All-Time High Defying Analyst Expectations: Bitcoin (BTC) hashrate has reached another all-time high, with seven-day moving average jumping to 833 exahashes per second (EH/s), according to Glassnode data. This represents a 9% increase from 767 EH/s in the past few days. (CoinDesk)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 72/100 (Up 28 pts)
Analyst Comments (AC): There's a lot of 'noise' in media and social reporting today, making it a challenge to find the 'signal'.
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
Listen to us daily on X discuss the DIB and more: X Spaces, Bitcoin Veterans, 10amEST/7amPST
Watch us on YouTube and X Spaces: Tuesdays at 9pmEST/6pmPST
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 881,348
DTG/ICOD: 1200Z 29Jan25
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
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.
Follow us on NOSTR: @Bitcoin Veterans
Listen to us daily on X discuss the DIB and more: X Spaces, Bitcoin Veterans, 10amEST/7amPST
Watch us on YouTube and X Spaces: Tuesdays at 9pmEST/6pmPST
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 881,202
DTG/ICOD: 1200Z 28Jan25
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Congo Fighting Rages / Mexican Cartels, US Border Patrol Exchange Fire / Trump Pauses All Grants and Loans / 4 EOs To Reshape the Military / Senate Confirms Bessent as Treasury Secretary / Ripple CEO Pushes XRP for SBR / BTC EFT Inflow Almost $2B / Nasdaq Proposes In-Kind Redemption (Not for Retail) / Stocks Drop on DeepSeek Info While Hackers Target DeepSeek / Sam Altman's WorldCoin Hits Snag in Brazil / Cramer Says 'Own Bitcoin'
Market Data: Price: 1 BTC= $102,835, 37.39 oz Gold, .24 Median US House
24hr Hi: $103,359 / Lo: $98,861
Vol: $60B (Down 4%)
Mkt Cap: $2.03T (Up 1%)
HashRate: 775 EH/s
Avg Fee Rate: 2 sats/vBtye (Down 30%)
Nodes: 21,451
---Reports---
-International Events-
1. Fighting rages in Congo's Goma while embassies attacked in capital: Dead bodies lay in the streets, gunfire rang out and hospitals were overwhelmed in east Congo's largest city on Tuesday, as M23 rebels backed by Rwanda faced pockets of resistance from army and pro-government militias. A day after the rebels marched into the lakeside city, protesters in the capital attacked a U.N. compound and embassies including those of Rwanda, France and the United States, (Reuters)
2. Mexican Cartel Terrorists Open Fire on U.S. Agents in Texas near Border: Rio Grande Valley Sector Border Patrol agents exchanged gunfire with the cartel members and sought cover as reinforcements were summoned. The agents did not sustain injuries during the initial exchange of gunfire. (Breitbart)
-US Events-
1. All federal grants and loan disbursement paused by White House: Federal agencies “must temporarily pause all activities related to obligation or disbursement of all Federal financial assistance,” White House OMB acting director Matthew Vaeth said in the memorandum. The pause also blocks the issuance of new grants. The memo specifies that the pause will not affect Social Security or Medicare benefits, nor does it include “assistance provided directly to individuals.” (CNN)
2. Trump signs 4 executive orders to reshape the military: "First is an executive order reinstating members of the military who were terminated or forced to separate because of the vaccine mandates. The second item was an executive order establishing a process to develop what we're calling an American Iron Dome; a comprehensive missile defense shield to land the American homeland," Scharf said. "The third executive order that President Trump signed relates to eliminating gender radicalism in the military, and the fourth is about eliminating DEI set asides and DEI offices within the military," Scharf added. (ABC)
3. Senate confirms Scott Bessent as Treasury secretary: The vote was 68-29. As head of the Treasury, 62-year-old Bessent faces pressure to address the federal debt limit and work with congressional Republicans to extend Trump’s 2017 Tax Cuts and Jobs Act. He’ll also have to contend with Trump’s plans to enact tariffs on goods coming in from Mexico, Canada and China. (CNN)
-Regulatory and Legal-
NSTR
-Central Bank Digital Currencies/World Currencies-
1. Ripple CEO Brad Garlinghouse opposes Bitcoin only reserve for US: In a Jan. 28 post on X, Garlinghouse suggested that a future US digital asset reserve should reflect the diversity of the crypto ecosystem. He argued that restricting such a reserve to a single token would fail to capture the broader landscape of the industry. Garlinghouse’s comment comes as tensions between the XRP community and Bitcoin supporters have escalated, with claims that Ripple has lobbied against establishing a Bitcoin reserve. (CryptoSlate) (AC-Bitcoiners are hitting the Ripple CEO pretty hard, mostly with facts and distain for his anti-bitcoin past.)
-Institutional Concerns-
1. Bitcoin and Ethereum ETFs Add $1.9 Billion During Trump's Busy First Week: Bitcoin made the most significant gains last week, accounting for $1.6 billion, or more than 80%, of all inflows into digital asset-based products. (Decrypt)
2. Nasdaq Proposes In-Kind Redemptions for BlackRock’s Bitcoin ETF: Nasdaq has proposed a new system for BlackRock's iShares Bitcoin ETF, allowing institutional investors to redeem shares directly for bitcoin instead of cash. This innovative model aims to streamline operations, cut costs, and reduce market impact, marking a significant step forward in the evolution of Bitcoin ETFs. While this option would only be available to institutional participants and not retail investors, experts suggest that the improved efficiency could indirectly benefit everyday investors. (BitcoinMag)
-Economic Indicators-
1. US Stocks Drop on AI Concerns, Nvidia Falls 16.8%: U.S. stocks, particularly in the tech sector, plunged on Monday, with chipmakers like Nvidia falling 16.8%, while Broadcom, Oracle, and Arista lost between 13.8% and 22.4%. The Nasdaq and S&P 500 closed down 2.8% and 1.3%, respectively, after rising concerns over a new AI competitor from China. (TradingEconomics)
-Security Incidents and Concerns-
NSTR
-Technology and Science-
1. DeepSeek hit with large-scale cyberattack, says it’s limiting registrations: DeepSeek has seen its web traffic surge from a mere 280,000 visitors all the way to 6.2 million. The interest in DeepSeek may have also caused hackers to launch a DDoS attack against the company’s site. On Monday morning, the Chinese company "temporarily" blocked some access to new users, citing “large-scale malicious attacks”. (PCMag)
2. Sam Altman's 'World' Project Banned in Brazil to Stop Collecting Iris Scans for Crypto Payments: The Sam Altman co-founded venture, World, has been making significant buzz in the tech industry, particularly as it offers the Worldcoin cryptocurrency as payment for a person's biometrics. Brazil's ANPD revealed that it is taking preventive measures against Tools for Humanity and World as it sought to protect Brazilians' data, more particularly their iris scans from being kept by the company on record. (TechTimes) (AC-Win!)
-Bitcoin Community-
1. Bitcoin Miner Hive Digital to Buy Paraguay Site From Bitfarms for $85M: The acquisition of the site in Yguazú, Paraguay will increase the company's hashrate to 25 EH/s from 6 Eh/s by September. (CoinDesk)
2. Mad Money host Jim Cramer says 'you should own Bitcoin' instead of MicroStrategy: "If you want to own Bitcoin, own Bitcoin," Cramer said on Mad Money. "I own Bitcoin, you should own Bitcoin, Bitcoin is a great thing to have in your portfolio but not MicroStrategy, that's enough." (TheBlock) (AC-Is the "Cramer effect" fading?)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 72/100 (Up 1 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: @Bitcoin Veterans
Listen to us daily on X discuss the DIB and more: X Spaces, Bitcoin Veterans, 10amEST/7amPST
Watch us on YouTube and X Spaces: Tuesdays at 9pmEST/6pmPST
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 881,202
DTG/ICOD: 1200Z 28Jan25
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Congo Fighting Rages / Mexican Cartels, US Border Patrol Exchange Fire / Trump Pauses All Grants and Loans / 4 EOs To Reshape the Military / Senate Confirms Bessent as Treasury Secretary / Ripple CEO Pushes XRP for SBR / BTC EFT Inflow Almost $2B / Nasdaq Proposes In-Kind Redemption (Not for Retail) / Stocks Drop on DeepSeek Info While Hackers Target DeepSeek / Sam Altman's WorldCoin Hits Snag in Brazil / Cramer Says 'Own Bitcoin'
Market Data: Price: 1 BTC= $102,835, 37.39 oz Gold, .24 Median US House
24hr Hi: $103,359 / Lo: $98,861
Vol: $60B (Down 4%)
Mkt Cap: $2.03T (Up 1%)
HashRate: 775 EH/s
Avg Fee Rate: 2 sats/vBtye (Down 30%)
Nodes: 21,451
---Reports---
-International Events-
1. Fighting rages in Congo's Goma while embassies attacked in capital: Dead bodies lay in the streets, gunfire rang out and hospitals were overwhelmed in east Congo's largest city on Tuesday, as M23 rebels backed by Rwanda faced pockets of resistance from army and pro-government militias. A day after the rebels marched into the lakeside city, protesters in the capital attacked a U.N. compound and embassies including those of Rwanda, France and the United States, (Reuters)
2. Mexican Cartel Terrorists Open Fire on U.S. Agents in Texas near Border: Rio Grande Valley Sector Border Patrol agents exchanged gunfire with the cartel members and sought cover as reinforcements were summoned. The agents did not sustain injuries during the initial exchange of gunfire. (Breitbart)
-US Events-
1. All federal grants and loan disbursement paused by White House: Federal agencies “must temporarily pause all activities related to obligation or disbursement of all Federal financial assistance,” White House OMB acting director Matthew Vaeth said in the memorandum. The pause also blocks the issuance of new grants. The memo specifies that the pause will not affect Social Security or Medicare benefits, nor does it include “assistance provided directly to individuals.” (CNN)
2. Trump signs 4 executive orders to reshape the military: "First is an executive order reinstating members of the military who were terminated or forced to separate because of the vaccine mandates. The second item was an executive order establishing a process to develop what we're calling an American Iron Dome; a comprehensive missile defense shield to land the American homeland," Scharf said. "The third executive order that President Trump signed relates to eliminating gender radicalism in the military, and the fourth is about eliminating DEI set asides and DEI offices within the military," Scharf added. (ABC)
3. Senate confirms Scott Bessent as Treasury secretary: The vote was 68-29. As head of the Treasury, 62-year-old Bessent faces pressure to address the federal debt limit and work with congressional Republicans to extend Trump’s 2017 Tax Cuts and Jobs Act. He’ll also have to contend with Trump’s plans to enact tariffs on goods coming in from Mexico, Canada and China. (CNN)
-Regulatory and Legal-
NSTR
-Central Bank Digital Currencies/World Currencies-
1. Ripple CEO Brad Garlinghouse opposes Bitcoin only reserve for US: In a Jan. 28 post on X, Garlinghouse suggested that a future US digital asset reserve should reflect the diversity of the crypto ecosystem. He argued that restricting such a reserve to a single token would fail to capture the broader landscape of the industry. Garlinghouse’s comment comes as tensions between the XRP community and Bitcoin supporters have escalated, with claims that Ripple has lobbied against establishing a Bitcoin reserve. (CryptoSlate) (AC-Bitcoiners are hitting the Ripple CEO pretty hard, mostly with facts and distain for his anti-bitcoin past.)
-Institutional Concerns-
1. Bitcoin and Ethereum ETFs Add $1.9 Billion During Trump's Busy First Week: Bitcoin made the most significant gains last week, accounting for $1.6 billion, or more than 80%, of all inflows into digital asset-based products. (Decrypt)
2. Nasdaq Proposes In-Kind Redemptions for BlackRock’s Bitcoin ETF: Nasdaq has proposed a new system for BlackRock's iShares Bitcoin ETF, allowing institutional investors to redeem shares directly for bitcoin instead of cash. This innovative model aims to streamline operations, cut costs, and reduce market impact, marking a significant step forward in the evolution of Bitcoin ETFs. While this option would only be available to institutional participants and not retail investors, experts suggest that the improved efficiency could indirectly benefit everyday investors. (BitcoinMag)
-Economic Indicators-
1. US Stocks Drop on AI Concerns, Nvidia Falls 16.8%: U.S. stocks, particularly in the tech sector, plunged on Monday, with chipmakers like Nvidia falling 16.8%, while Broadcom, Oracle, and Arista lost between 13.8% and 22.4%. The Nasdaq and S&P 500 closed down 2.8% and 1.3%, respectively, after rising concerns over a new AI competitor from China. (TradingEconomics)
-Security Incidents and Concerns-
NSTR
-Technology and Science-
1. DeepSeek hit with large-scale cyberattack, says it’s limiting registrations: DeepSeek has seen its web traffic surge from a mere 280,000 visitors all the way to 6.2 million. The interest in DeepSeek may have also caused hackers to launch a DDoS attack against the company’s site. On Monday morning, the Chinese company "temporarily" blocked some access to new users, citing “large-scale malicious attacks”. (PCMag)
2. Sam Altman's 'World' Project Banned in Brazil to Stop Collecting Iris Scans for Crypto Payments: The Sam Altman co-founded venture, World, has been making significant buzz in the tech industry, particularly as it offers the Worldcoin cryptocurrency as payment for a person's biometrics. Brazil's ANPD revealed that it is taking preventive measures against Tools for Humanity and World as it sought to protect Brazilians' data, more particularly their iris scans from being kept by the company on record. (TechTimes) (AC-Win!)
-Bitcoin Community-
1. Bitcoin Miner Hive Digital to Buy Paraguay Site From Bitfarms for $85M: The acquisition of the site in Yguazú, Paraguay will increase the company's hashrate to 25 EH/s from 6 Eh/s by September. (CoinDesk)
2. Mad Money host Jim Cramer says 'you should own Bitcoin' instead of MicroStrategy: "If you want to own Bitcoin, own Bitcoin," Cramer said on Mad Money. "I own Bitcoin, you should own Bitcoin, Bitcoin is a great thing to have in your portfolio but not MicroStrategy, that's enough." (TheBlock) (AC-Is the "Cramer effect" fading?)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 72/100 (Up 1 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
Listen to us daily on X discuss the DIB and more: X Spaces, Bitcoin Veterans, 10amEST/7amPST
Watch us on YouTube and X Spaces: Tuesdays at 9pmEST/6pmPST
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 881,051
DTG/ICOD: 1200Z 27Jan25
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Columbia Reverses, Will Take Migrants From US / Rwanda Rebels Take DRC City / Palestinians Returning to Gaza / SecState Rubio Pauses All Foreign Aid / ICE Arrests Nab Gang Members / Protests Arise Against Deportations / BTC VS XRP in the SBR / Russia Pushing Digital Ruble / Companies Continue Bitcoin Buying / AI Newcomer DeepSeek Spooks Markets / iPhone Message Phishing Cracks Security / Poland Increases Bitcoin ATMs
Market Data: Price: 1 BTC= $101,048, 36.08 oz Gold, .23 Median US House
24hr Hi: $105,227 / Lo: $97,795
Vol: $60B (Up 187%)
Mkt Cap: $1.97T (Down 5%)
HashRate: 776 EH/s
Avg Fee Rate: 3 sats/vBtye (Down 40%)
Nodes: 21,451
---Reports---
-International Events-
1. Colombia Caves On Deportations After Trump Threats: Colombia on Sunday backed down and agreed to accept deported citizens sent on US military aircraft, hours after President Donald Trump threatened painful tariffs to punish the defiance to his mass deportation plans. Colombia's leftist president, Gustavo Petro, had earlier said he would only take back citizens "with dignity," such as on civilian planes, and had turned back two US military aircraft with repatriated Colombians. Trump said he would suspend implementation of the tariffs. (IBTimes)
2. DRC conflict: M23 rebels enter Goma after claiming capture of city: Rwanda-backed M23 rebels have captured eastern DR Congo’s largest city, Goma, as the United Nations reported “mass panic” with the government dubbing the insurgency a “declaration of war”. The M23 rebel movement also announced a coup d’etat in a statement. The eastern borderlands of DRC are a tinderbox of rebel and militia fiefdoms stemming from two regional wars after Rwanda’s 1994 genocide, when Hutu extremists murdered close to 1 million Tutsis and moderate Hutus. M23 is the latest in a long line of Tutsi-led rebel movements. (TheGuardian)
3. Palestinians return to devastated northern Gaza: Tens of thousands of displaced Gaza residents ended months of exile in temporary camps and began returning to what was left of their homes on Monday after Israel opened a corridor into the north of the battered enclave. Hamas and Israel agreed to release more hostages, including Yehud, on Thursday and Saturday, the Israeli Prime Minister’s Office said on Sunday. (CNN)
-US Events-
1. Rubio pauses foreign aid from State Department and USAID to ensure it puts ‘America First’: He (SECSTATE) is initiating a review of all foreign assistance programs to ensure they are efficient and consistent with U.S. foreign policy under the America First agenda. President Trump stated clearly that the United States is no longer going to blindly dole out money with no return for the American people." (Fox)
2. Multi-Agency Task Force Arrests Tren de Aragua Members in Immigration Raid: A surprise early morning immigration raid on a makeshift nightclub in the Denver Metro area resulted in the arrest of approximately 50 migrants in an illegal status, including some with connections to the violent Venezuelan Tren de Aragua gang. (Breitbart)
3. U.S. Cities Witness Protests Against ICE Deportation Policies: Protests against Immigration and Customs Enforcement (ICE) and deportation policies are occurring across several U.S. cities including Chicago, Dallas, and Hartford. Demonstrators, including many displaying foreign flags, have been marching, chanting for rights, and in some instances, blocking traffic to protest against ICE's actions. These actions include mass deportation initiatives, where even undocumented immigrants without criminal records are being detained, as recently executed in Texas. (Various, X)
-Regulatory and Legal-
1. Bitcoin Vs. XRP: Will BRICS Influence The US Crypto Reserve?: An online confrontation broke out between the Bitcoin and XRP communities over the weekend, fueled by former President Donald Trump’s last weeks’ announcement of a “Digital Asset Stockpile”. In a post on X on Sunday, Maj. Jason Lowery expressed skepticism about whether governments like those in the BRICS bloc (Brazil, Russia, India, China, and South Africa) would ever adopt a cryptocurrency that is perceived to be under US jurisdiction. “If you cannot confidently say that nations like China or Russia will add massive amounts of your favored crypto asset to their strategic reserves, then you are being insincere—and you’re undermining the future security and prosperity of this nation.”, he said. (Bitcoinist)
-Central Bank Digital Currencies/World Currencies-
1. Russian State Duma Profiles Digital Ruble as a Sanctions-Sidestepping Tool: Deputy Chairman of the State Duma Committee highlighted the advancements that the digital ruble would bring to controlling budget expenditures and overseeing public spending. In addition, Kiryanov commented on the possibilities that the digital ruble would open for international exchanges in the context of the sanctions the Western world has enacted against Russia. (BItcoinCom)
-Institutional Concerns-
1. Real Estate Firm Fathom Holdings Adopts MicroStrategy's Bitcoin Reserve Plan: Fathom Holdings, a real estate tech company listed on Nasdaq, plans to allocate up to half of its excess cash reserves to Bitcoin. The company aims to accept Bitcoin from customers and potentially invest in Bitcoin exchange-traded funds in the near future. (Decrypt)
2. MicroStrategy buys another 10,107 bitcoin for $1.1 billion, bringing holdings to 471,107 BTC: To put that in perspective, MicroStrategy holds more than 2.2% of bitcoin’s total 21 million supply. (TheBlock)
-Economic Indicators-
1. US 10Y Bond Yield Hits 5-week Low: US 10 Year Government Bond Yield decreased to a 5-week low of 4.51%. Over the past 4 weeks, US 10 Year Note Bond Yield lost 2.50 basis points, and in the last 12 months, it increased 42.70 basis points. (TradingEconomics)
2. US Futures Sink on AI Concerns: US stock futures tumbled on Monday, with S&P 500 contracts down 1.8%, the Dow Jones dropping roughly 450 points, and the Nasdaq 100 sliding over 3%, driven by growing concerns about the US's dominance in AI. Chinese startup DeepSeek's latest AI model, praised for its cost-effectiveness and ability to operate on less-advanced chips, garnered significant attention as its AI Assistant overtook ChatGPT to become the top-rated free app on the US Apple App Store. (TradingEconomics)
3. Bitcoin Tumbles on Profit-Taking: Bitcoin tumbled around 4% to fall below $100,000 on Monday, erasing gains from the previous week as a wave of profit-taking swept through the market. (TradingEconomics)
-Security Incidents and Concerns-
1. Scammers find sneaky way to bypass your iPhone's safety features: Cybercriminals have devised a new method to circumvent Apple's built-in phishing protection for iMessage, potentially exposing you to malicious links and scams. Apple's iMessage automatically disables links in messages from unknown senders as a security measure. By instructing you to reply to the message, often with a simple "Y," the attackers can re-enable previously disabled links. This seemingly innocuous action not only activates the links but also signals to the scammers that they've found an engaged target for future attacks. (Fox)
2. Blockchain Security Breach: $29M in SUI Tokens Stolen and Laundered: On January 26, details of the exploit were disclosed, revealing that a major holder on the Sui network fell victim to the attack. Reports indicate that on December 12, an unauthorized entity managed to drain 6.27 million SUI tokens. The stolen assets were then moved from the Sui blockchain to Ethereum using bridging mechanisms before being laundered through Tornado Cash in fragmented transactions to obscure their origin and hinder traceability. (CoinTrust) (AC-This is only one reason to not shitcoin.)
-Technology and Science-
1. Chinese researchers just built an open-source rival to ChatGPT in 2 months. Silicon Valley is freaked out. China has released a cheap, open-source rival to OpenAI's ChatGPT called DeepSeek-V3, built in two months for just $5.58 million, according to DeepSeek. DeepSeek's models are significantly cheaper to operate, costing one-thirtieth of OpenAI's GPT-4, as stated in their published API pricing. (GroundNews)
2. The release of #DeepSeek could shake up the market this week, raising serious questions about the sustainability of recent AI-driven gains. $NVDA, the backbone of AI hardware and infrastructure, now faces a tough reality—DeepSeek’s tech may reduce the demand for their hardware, leaving them and the big 7 US tech companies overvalued and exposed to corrections. Bitcoin stays unaffected fundamentally, but miners might even find new opportunities with spare data center capacity. $BTC took a dip (as the main market trading over the weekend), reflecting broader market adjustments ahead of the US stock market opening. (X)
-Bitcoin Community-
1. Poland overtakes El Salvador in global Bitcoin ATM count: Poland surpasses El Salvador to become the fifth-largest Bitcoin ATM hub globally, recording 219 active machines amid a four-month installation spree. (CoinTelegraph)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 71/100 (Down 4 pts)
Analyst Comments (AC): "Altcoin" season is in full swing, which means reporting on scams, rug pulls, and shady entities will increase. The narratives from Bitcoiners should not be flippant and insincere, but rather educational and helpful. Newcomers don't know enough to make good decisions so lets continue to provide light in the darkness.
Follow us on NOSTR: @Bitcoin Veterans
Listen to us daily on X discuss the DIB and more: X Spaces, Bitcoin Veterans, 10amEST/7amPST
Watch us on YouTube and X Spaces: Tuesdays at 9pmEST/6pmPST
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 880,504
DTG/ICOD: 1200Z 23Jan25
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Trump's First Call to Saudi Prince / Trump, Milei to Address Davos Crowd / US House Passes Laken Riley Act / New Fire in LA County / DoD Sends 1500 Troops to Border / Stablecoins Positioning for Future / Russia Launches Facial Payment System / BTC ETFs Surge, Options Point Up / NASDAQs X Account Hacked, Memecoin Nets $80M / Apple's AI Automatically Turned On
Market Data: Price: 1 BTC= $101,699, 37.03 oz Gold, .24 Median US House
24hr Hi: $105,334 / Lo: $101,257
Vol: $64B (Down 6%)
Mkt Cap: $2.01T (Down 3%)
HashRate: 789 EH/s
Avg Fee Rate: 3 sats/vBtye (Down 50%)
Nodes: 21,570
---Reports---
-International Events-
1. In sign of priorities, Trump’s first call with foreign leader held with Saudi prince: Saudi Crown Prince Mohammed bin Salman on Wednesday became the first foreign leader to hold a phone call with US President Donald Trump. The decision indicated the Trump administration’s priorities, with the president expressing his desire to expand the Abraham Accords with a normalization agreement between Israel and Saudi Arabia. But the Saudis have long made clear that such a deal would require the establishment of a pathway to the eventual establishment of a Palestinian state. (TimesOfIsrael)
2. Trump to Address Globalist Elites in Davos with First Major Foreign Policy Speech: President Donald Trump on Thursday will make an online appearance at the World Economic Forum (WEF) in Davos. One of the Republican president’s biggest supporters on the world stage, Argentina’s libertarian President Javier Milei, will also make a speech to the WEF on Thursday, hours before Trump. (Breitbart)
-US Events-
1. House passes Laken Riley Act, sending the first bill to Trump to sign into law: The House passed the Laken Riley Act, requiring the detainment of unauthorized migrants accused of theft and violent crimes, with a vote of 263-156, marking the first bill for President Donald Trump to sign into law. Senator Katie Britt stated that this legislation is perhaps the most significant immigration enforcement bill passed by Congress in nearly three decades, despite lacking new funding for implementation. The bill allows state attorneys general to sue the federal government over immigration decisions, which Democrats argued would increase uncertainty and partisanship in immigration policy. (GroundNews)
2. California fires live updates: New LA County fire explodes to over 10,000 acres: At least 28 people have died as multiple wildfires, fueled by severe drought conditions and strong winds, rage across Southern California. he two largest fires, the Palisades Fire in Pacific Palisades and the Eaton Fire near Pasadena, remain active. One of the latest, the Hughes Fire in the Castaic area, has prompted evacuation orders for tens of thousands of people. (ABC)
3. Just the beginning": Pentagon sending 1,500 troops to U.S.-Mexico border: The Defense Department announced Wednesday it's sending an additional 1,500 troops to the southern border to carry out President Trump's immigration orders. There are already about 2,500 U.S. National Guard and Reserve forces there. The Pentagon will also provide military aircraft to support the Department of Homeland Security's deportation flights of more than 5,000 undocumented immigrants from the areas of San Diego, California; and El Paso, Texas. (Axios)
-Regulatory and Legal-
1. Coinbase CEO: Exchange Will Delist USDT if Authorities Demand It: Coinbase CEO recently stated that his exchange would delist Tether’s USDT if authorities demand it or if Tether fails to comply with new US laws. Coinbase, which is a shareholder in another stablecoin issuer Circle, framed the move as part of its efforts to adhere to new rules requiring issuers to obtain an e-money license from a European Union member state. The new rules also obligate stablecoin issuers to hold a portion of their reserves in cash at banks, something Tether reportedly opposes. (BitcoinCom)
-Central Bank Digital Currencies/World Currencies-
1. Russia to Launch Unified Facial Payment System: Russia will have a unified facial payment system by the second half of 2025, aiming to onboard millions as non-card payment systems gain preference. The initiative aims to establish a national biometric standard to allow Russian banks to also participate in this network, and issue terminals capable of using it to process payments. (BitcoinCom)
-Institutional Concerns-
1. CME Bitcoin Options at Most Bullish Since U.S. Election, ETF Inflows Surge: Traders scrambled to buy calls, or options offering asymmetric upside exposure, driving the skew higher to 4.4%, the most since early November. The bounce was accompanied by renewed uptake for the U.S.-listed spot ETFs, which registered a cumulative net inflow of $802 million. BlackRock's IBIT drew $661.8 million alone, helping solidify the bullish sentiment. (CoinDesk)
-Economic Indicators-
1. S&P 500 Hits Record High: US stocks closed higher with the S&P 500 climbing 0.7% to a record high, while the Nasdaq 100 gained 1.4%, and the Dow advanced 150 points on Wednesday, buoyed by robust earnings and promising corporate developments, as markets evaluated the implications of President Trump’s policy shifts. (TradingEconomics)
-Security Incidents and Concerns-
1. Nasdaq’s official X account was seemingly hacked to promote a fake memecoin: The hacker linked a fake X account as a Nasdaq affiliate and used the official Nasdaq account to retweet its post promoting a memecoin named STONKS created on the same day. Within a few hours, the memecoin’s market capitalization skyrocketed to $80 million, only to crash soon after. (TheBlock) (Ac-How to make $80M in the shitcoin deception era.)
-Technology and Science-
1. iOS 18.3: Apple Intelligence Now Enabled Automatically But There's Still a Way to Opt Out: After updating the device and finishing the setup, users would find that their devices would have Apple Intelligence turned on by default. After finishing the setup process of the software update, users may head on over to Settings to either scroll or search for Apple Intelligence & Siri, then toggle the features off to opt out of the experience. (TechTimes)
-Bitcoin Community-
NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 75/100 (Down 10 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 880,208
DTG/ICOD: 1200Z 22Jan25
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: Panama Complains to UN / 50 Heads of State in Davos / EU Starts Calling for Increased Defense / All USG DEI Staff Put on Paid Leave / ACLU Hits Trump With Suit Over Birthright Citizenship / Trump Greenlights ICE to Go Anywhere in US / Ross Ulbricht Given Full Pardon / SEC Forms New Crypto Task Force / Court Overturns Tornado Cash Sanctions / US CBDC Dead, Stablecoins to Rise / China OKs Sale of Half of TikToc / Is Roger Ver Next for Pardon? / Bitcoin Hashprice at ATH
Market Data: Price: 1 BTC= $104,999, 38.05 oz Gold, .24 Median US House
24hr Hi: $107,180 / Lo: $102,768
Vol: $68B (Down 33%)
Mkt Cap: $2.07T (Even)
HashRate: 773 EH/s
Avg Fee Rate: 6 sats/vBtye (Up 20%)
Nodes: 21,474
---Reports---
-International Events-
1. Panama Complains To UN Over Trump Canal Threat, Starts Audit: Panama has complained to the United Nations over US President Donald Trump's "worrying" threat to seize the Panama Canal, even as it launched an audit of the Hong Kong-linked operator of two ports on the interoceanic waterway. "The canal is and will remain Panama's," Mulino said in response to Trump's threats. (IBTimes)
2. Over 50 heads of state and government are gathering at Davos 2025: The summit, taking place from 20 -25 January 2025, is being held under the theme of “Collaboration for the Intelligent Age” and is welcoming close to 3,000 attendees from over 130 countries. Participants include over 50 heads of state and government and hundreds of other top governmental leaders. (WEFormum) (AC-Both globalists and nationalists will be speaking at this, which is giving the venue a more (barely) balanced approach of recent times. Trump and Milei will speak as will EU heads of state. Although fundamental philosophies differ greatly, at least some international dialogue is beginning to occur instead of the echo chamber that the WEF has been.)
3. Trump Effect: Top E.U. Diplomat Backs Calls for Defense Spending Boost: Top European Union (E.U.) diplomat Kaja Kallas said Wednesday the bloc must heed U.S. President Donald Trump’s demand for more defense spending as she issued a stark warning over the expansionist threat posed by Russia. Her call came less than 24-hours after French President Emmanuel Macron told Europe to “wake up” and spend more on defense. (Breitbart)
-US Events-
1. Trump administration directs all federal diversity, equity and inclusion staff be put on leave: The memo requires agencies to cancel DEI-related trainings and remove public DEI webpages by 5 p.m. Wednesday. Agencies must report any renamed DEI programs to the Office of Personnel Management within 10 days or face consequences. (GroundNews)
2. ACLU Sues Trump Over Order Ending Birthright Citizenship: The groups say the order violates the U.S. Constitution’s citizenship clause, which states that “all persons born or naturalized in the United States and subject to the jurisdiction thereof, are citizens of the United States.” Trump’s order, signed within hours of his taking office, states that the clause “has never been interpreted to extend citizenship universally to everyone born within the United States” and “has always excluded from birthright citizenship persons who were born in the United States but not ’subject to the jurisdiction thereof.'” (ZeroHedge)
3. Trump rescinds guidance protecting ‘sensitive areas’ from immigration raids: The administration of newly inaugurated United States President Donald Trump has revoked longstanding protections barring immigration raids on schools, hospitals, churches and other “sensitive areas”. For more than a decade, federal agencies have issued guidance against carrying out immigration enforcement efforts in places like schools and medical centres, on the basis that such raids might discourage people from seeking necessary services. (AlJazeera)
-Regulatory and Legal-
1. Ross Ulbricht Is Free: A Victory for Bitcoin and Freedom: Ross Ulbricht’s full pardon by President Trump marks a monumental victory for Bitcoiners, symbolizing justice for a man who became a beacon for freedom and innovation. This long-awaited moment proves the power of persistence and reminds us to keep advocating for Bitcoin and freedom. (BitcoinMag)
2. SEC Forms Task Force to Establish Clearer Crypto Regulations: The SEC launches a groundbreaking crypto task force, aiming to replace reactive enforcement with clear, innovation-friendly regulations. Led by “Crypto Mom,” Hester Peirce, this initiative promises seismic shifts in the digital asset landscape. (BitcoinCom)
3. US court overturns Tornado Cash sanctions in pivotal case for crypto: A US court has overturned the sanctions against the Tornado Cash cryptocurrency mixing protocol in a decision that could signal a shift significant toward more innovation-friendly regulations for privacy-preserving technologies. Despite the victory for Tornado Cash, Pertsev remains in custody on money laundering-related charges. (CoinTelegraph)
-Central Bank Digital Currencies/World Currencies-
1. US CBDC ‘is dead’ under Trump, but stablecoins could be set to explode: US lawmakers are still focused on proliferating digital currencies. In the absence of a digital dollar and with significant bipartisan support, stablecoin adoption could see significant growth under the incoming administration. “I think, under Trump, you’ll get passage in the next few months of a stablecoin bill that creates regulation. You’ll then probably get more TradFi players issuing stablecoins in the US [...] and you’ll also get more surety behind the two largest stablecoins, Tether and USDC.” (CoinTelegraph)
-Institutional Concerns-
NSTR
-Economic Indicators-
1. US Stocks Extend Gains: U.S. stocks closed higher on Tuesday, with the S&P 500 adding 0.9%, the Nasdaq gaining 0.6%, and the Dow jumping 538 points, supported by relief over President Trump’s unexpectedly softer trade measures after his first day in office. (TradingEconomics)
-Security Incidents and Concerns-
1. TSA chief behind cyber directives for aviation, pipelines and rail ousted by Trump team: TSA administrator David Pekoske, who was appointed during President Donald Trump’s first term and led the way in issuing cybersecurity directives governing the airline, pipeline and rail industries, sent a farewell memo to the agency’s staff saying he was “advised” by Trump’s transition team that his time in charge would end at noon on Monday. (TheRecord)
-Technology and Science-
1. China Green Lights US Sale of TikTok, But President Trump Only Requires 50-50 Ownership: The Chinese and American governments may not be on good terms regarding the many restrictions, but about the TikTok sale, the East Asian superpower is open to having ByteDance sell its precious global app. China's Foreign Ministry spokesperson Mao Ning said that Chinese laws and regulations "should be observed" when engaging on these types of deals, but all-in-all, it is still a green light for ByteDance to sell TikTok in the US should they adhere to the law. (TechTimes)
-Bitcoin Community-
1. Elon Musk Eyes ‘Bitcoin Jesus’ Roger Ver’s Release After Ross Ulbricht: Elon Musk has publicly endorsed a pardon for Roger Ver, aka ‘Bitcoin Jesus,’ following President Trump’s pardon of Ross Ulbricht. Musk’s statement on X has ignited discussions on justice for crypto pioneers. The crypto community welcomed this move as the global market cap surged by 3.5%, hitting $3.6 trillion, underscoring the role of influential figures in reshaping the narrative around cryptocurrency advocacy and legal reform. (CoinGape)
2. Bitcoin Hashprice Hits One Month Highs, A Bullish Signal for Miners: Miner hashprice has hit $62 PH/s, the highest monthly level. Since November, mining revenue has been above the 365-simple moving average, historically a bullish signal. (CoinDesk)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 85/100 (Up 9 pts)
Analyst Comments (AC): A lot of Trump news, but it's all very significant.
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report