Out there representing. We will have these at Bit Block Boom and Nashville 2024. Contact @The Coinfather if you want one. image
BTC Daily Intelligence Bulletin (DIB) Block: 833,571 DTG/ICOD: 0800EST 07Mar24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Houthi Kills 3 With Missiles / No Ceasefire for Hamas for Ramadan / Biden's SOTU Tonight / BlackRock Hit High Inflows / ECB Holds Rates Steady for Now / US Firms Lay off More Employees / UnitedHealth Hack Having Serious Consequences Market Data: Price: 1 BTC= $66,794, 30.91 oz Gold, .15 Median US House 24hr Hi: $67,513/ Lo: $65,351 Vol: $52B (Down 51%) Mkt Cap: $1.31T (Up 1%) HashRate: 742 EH/s Avg Fees: 8,346 sats/tx (Down 53%) Nodes: 18,680 ---Reports--- -International Events- 1. Three dead in first fatal Houthi attack in the Red Sea: The U.S. Central Command said late Wednesday night that Houthi forces struck the Barbados-flagged, Liberian-owned bulk carrier True Confidence in the Gulf of Aden on Wednesday with an anti-ship ballistic missile, leading to several fatalities. The missile struck the vessel, and the multinational crew reports three fatalities, at least four injuries, of which three are in critical condition, and significant damage to the ship. All remaining crew abandoned ship. (CNBC) 2. Hamas delegation leaves Cairo, ceasefire talks set to resume next week: Hamas's delegation left Cairo on Wednesday with no breakthrough in the Gaza ceasefire negotiations that had been underway since Sunday. The talks aimed at reaching a ceasefire in Gaza before Ramadan are still ongoing. (France24) 3. Russia-Ukraine: Russian foreign ministry summons the US ambassador in Moscow in protest against “interference” in domestic affairs. (AlJazerra) (AC- It is unclear at this time what the reason is.) -US Events- 1. Biden to highlight rebounding economy during SOTU, renew tax proposals for large corporations: President Joe Biden is expected to spend a large part of Thursday’s State of the Union address in Washington, D.C. addressing the economy as he renews his calls for increased taxes on corporations and billionaires, eliminating student debt and highlighting the economic rebound the U.S. has had since he became president. AC- Donald Trump will be responding real time to the SOTU on X. (ABC) -Regulatory and Legal- 1. CFTC Boss Says Crypto Here to Stay, Demands Regulation for “False Narrative” Market: CFTC Chair Rostin Behnam told Congress of the critical need for legislation that would offer clear regulatory guidance for the cryptocurrency sector. Benham highlighted that, in the year to October 2023, over 49% of the CFTC’s enforcement actions were connected to digital assets. (CCN) -Institutional Concerns- 1. BlackRock Bitcoin ETF Marks New Inflow High as BTC Claims ATH: BlackRock’s iShares Bitcoin ETF devoured over $788 million worth of bitcoin on Tuesday as the reigning crypto king registered a new all-time high above $69,000 for the first time since 2021. The ETF recorded a 30% increase from its previous high of $609 million, set on February 29. (DailyCoin) 2. Is Tesla buying Bitcoin again?: Tesla’s wallet now holds about 11,509 BTC at the time of writing, 1,789 more than the 9,720 BTC it reported during its last earnings report. (CoinTelegraph) 3. Bitcoin/Euro Suffers Flash Crash on Coinbase: On Tuesday, BTC momentarily plunged to €48,529 from €60,000 on Coinbase, while on Kraken, for instance, the price only went as low as €58,400. The reason for the flash crash remains unclear and it took 10 minutes for the price to rebound back to parity with other exchanges. (CoinDesk) -Central Bank Digital Currencies (CBDC)- 1. Hong Kong’s Central Bank Announces New Wholesale CBDC to Support Tokenization Market: Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenized money," HKMA said. (CoinDesk) -Economic Indicators- 1. US Companies Cut More Jobs in February: US-based employers announced plans to cut 84,638 jobs in February 2024, the most in eleven months, compared to 82,307 in January, and 77,770 a year earlier. (TradingEconomics) 2. ECB to Hold Rates, Maintain Cautious Stance on Rate Cuts: The ECB is expected to maintain interest rates at record-high levels for the fourth consecutive time on Thursday, amidst concerns about an impending recession and persistently falling inflation despite underlying price pressures remaining stubbornly high. (TradingEconomics) -Technological Updates- 1. President Biden would ban TikTok. But candidate Biden is using it for his campaign: The White House has thrown its support behind a bill in Congress that would effectively ban TikTok, the social media app that is owned by Chinese company ByteDance, in the United States. The bipartisan legislation would require ByteDance to sell the app because of national security concerns about the way it uses and stores data — or face a ban. (NPR) -Security Incidents and Concerns- 1. US gov to pay hospitals struggling in UnitedHealth hack, advocates want more: US hospitals and providers struggling to pay bills since the cyberattack on UnitedHealth Group's (UHG) technology division will now receive accelerated payments from US government health agencies to help keep them afloat – but medical advocates say more needs to be done. (CyberNews) -Bitcoin Community- 1. Bitcoin Miner Hut 8 Shutters Canadian Facility Amid Energy Crisis: This decision, informed by a thorough analysis highlighting the diminishing profitability due to soaring energy costs and voltage issues, is poised to streamline the company’s operations. (BeInCrypto) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 82/100 (Up 7 pts) Analyst Comments (AC): Infrastructure in the US is straining. The hack of United Health has patients unable to receive medications and hospitals unable to capture payments. Massive immigration is straining cities and states coffers while crime is increasing dramatically. Murders by immigrants are angering Americans while AGs are letting violators go. The emergency BTFP program, currently shoring up US banks with alternate Fed lending, is set to end on March 11th. US firms are laying off more employees than normal. No matter what is said at the State of the Union tonight, the US is struggling. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
GM image
Yeah, “lucky” image
GM image
BTC Daily Intelligence Bulletin (DIB) Block: 833,405 DTG/ICOD: 0800EST 06Mar24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Houthis and Hezbollah Lobbing More Missiles / Haiti Gangs Getting Organized / Trump and Biden Clear Winners on Super Tuesday / United Healthcare System Still Down, May Have Paid $22M Ransom / BTC and Gold Break ATH Market Data: Price: 1 BTC= $66,188, 31.25 oz Gold, .15 Median US House 24hr Hi: $69,170/ Lo: $59,323 Vol: $104B (Up 36%) Mkt Cap: $1.29T (Down 2%) HashRate: 581 EH/s Avg Fees: 19,632 sats/tx (Up 35%) Nodes: 18,593 ---Reports--- -International Events- 1. US destroyer shoots down missiles and drones launched by Yemen’s Houthi rebels: The assault Tuesday apparently targeted the USS Carney, an Arleigh Burke-class destroyer. Meanwhile, the Indian navy released images of it fighting a fire aboard a container ship earlier targeted by the Houthis. (AP) 2. Hezbollah launches a massive rocket barrage on Israel day after Biden envoy arrived in Lebanon: US envoy Amos Hochstein was in Beirut Monday, pushing for a diplomatic solution to end the violence. (Fox) 3. Haiti gang leader threatens 'civil war' if PM does not resign: The gang leader behind the violence blighting the Haitian capital has warned there will be a "civil war" if Haiti's prime minister, Ariel Henry, does not step down. Jimmy "Barbecue" Chérizier made the threat as members of his gang tried to seize the capital's airport to stop Mr Henry from returning from abroad. (BBC) -US Events- 1. Biden and Trump dominate Super Tuesday as Haley plans to exit the race: Nikki Haley will announce today that she is exiting the presidential race, according to sources familiar with her plans. Across the Republican primaries on Super Tuesday, Haley won just 43 of the Republican delegates while Trump won 764. (CNN) -Regulatory and Legal- 1. Binance.US Slashed Two-Thirds of Its Workforce as Revenue Plunged After SEC Lawsuit: The SEC's effort last year to freeze BinanceUS’ operations via a Temporary Restraining Order led to mass layoffs at the company as revenue imploded and it struggled with market trust, one of its executives said during a court deposition. (Coindesk) 2. SEC Bolsters Coinbase Lawsuit with Insider Trading Ruling: As Coinbase awaits a ruling on motions to dismiss the SEC lawsuit against it, the agency is attempting to wield a default judgment in an insider trading case involving a former Coinbase employee. On Monday the SEC submitted a filing with Judge Katherine Polk Falia to bring to her notice a recent ruling in the SEC’s insider trading case against former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi, and friend Sameer Ramani. (DailyCoin) -Institutional Concerns- 1. Coinbase Crashed Again—Why Does It Happen So Often During Bitcoin Runs? Coinbase disclosed Tuesday that “some users may be experiencing errors when transacting” as the price of Bitcoin peaked and collapsed. The Coinbase exchange has regularly struggled when there’s a Bitcoin rally, as industry-wide interest in the top cryptocurrency peaks. (Decrypt) -Central Bank Digital Currencies (CBDC)- 1. CBDC Not Widely Recognised in Japan Despite Ongoing Trials, R&D Efforts: Less than 20 percent of Japan's population is familiar with the term CBDC, claimed Kazuo Ueda, the governor of the Bank of Japan (BoJ). The Japanese CBDC entered its trial phase around April last year where the BoJ wished to analyze the technical feasibility and use-cases of the digital yen. Japan could see a wider roll out of its digital JPY by 2026. (Gadgets3600 -Economic Indicators- 1. Currency market calm before Powell speech, bitcoin resumes rally: The U.S. dollar was a touch softer on Wednesday, as traders kept their powder dry ahead of the first leg of congressional testimony from Federal Reserve Chair Jerome Powell and the European Central Bank's policy announcement on Thursday. (YahooFinance) 2. Bitcoin and gold broke new price records on the same day: The new all-time highs marked the first time Bitcoin and gold hit new records simultaneously since the emergence of BTC. Bitcoin posted a new price record on March 5, breaking above $69,200 for the first time in history. Spot gold also broke it's all-time high record at $2,130 at around 1:30 pm. (CoinTelegraph) (AC-Depending on the exchange, various prices were listed yesterday, which could lead to conflicting claims.) -Technological Updates-' NSTR -Security Incidents and Concerns- 1. Patients or payroll? US healthcare hack creates hard choices: Nearly two weeks after the ransomware attack on UnitedHealth's Change Healthcare unit that has disrupted claims processing across the U.S., doctors are beginning to face a no win choice - stop treating patients or stop paying staff. The attack, which was disclosed on Feb. 21, shut down the system that many doctors depend on to verify insurance coverage, file claims and get paid, sparking a campaign by hospitals and doctors for the U.S. government to provide financial relief as it did during the COVID-19 pandemic. (Reuters) (AC-News of the hack was spread quickly following the hack but the effects are still very real for healthcare in the US. The system is still shut down and creating a billing nightmare for health offices. There are unconfirmed reports that United Healthcare paid a $22M ransom which would be the 2nd highest in history (KARE11)) -Bitcoin Community- 1. 1,000 Vintage Bitcoins From 2010 Moved as BTC Peaked at $69,210: On March 1, 2024, an infamous and vast bitcoin mega whale moved 2,000 vintage bitcoins from 2010 and now, four days later, on March 5—the day bitcoin hit its peak value of $69,210 per coin—the same entity transferred another 1,000 bitcoins from 2010. (Bitcoincom) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 75/100 (Down 15 pts) Analyst Comments (AC): Following the recent runup on BTC price action, a 15% retracement while touching the former ATH yesterday is a reminder that many are still playing the buy low/sell high strategy of investing. As many HODLers have maintained a paradigm shift of investing by looking at Bitcoin a new hard asset, there are still those who affect price by manipulation or frequent buying and selling. It's a reminder that not all price action is fundamental demand/supply-based and many are still in the 'trader' or arbitrage mindset. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report
“The majority of TradFi hates #Bitcoin  simply because it forces them to question their assumptions about the world It’s painful to break through the shell enclosing your understanding of how things are supposed to work They are more comfortable just calling it a fraud or bubble” - @Joe Carlasare on X
But hey, at least we finally got that 10k daily candle image
When you understand what Bitcoin is and where it’s going, you’re not worried about all the fiat noise image
BTC Daily Intelligence Bulletin (DIB) Block: 833,258 DTG/ICOD: 0800EST 05Mar24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Gangs Take Over Haiti Capital / China Increases Defense Spending 7.2% / Ukraine Sinks Russian Ship / Today is Super Tuesday / SCOTUS Unanimous in Trump's Favor / MSTR Sells Notes for More BTC / Binance Calls it Quits in Nigeria Market Data: Price: 1 BTC= $67,284, 31.68 oz Gold, .16 Median US House 24hr Hi: $68,785/ Lo: $64,761 Vol: $76B (Up 74%) Mkt Cap: $1.32T (Up 3%) HashRate: 641 EH/s Avg Fees: 14,156 sats/tx (Down 45%) Nodes: 18,291 ---Reports--- -International Events- 1. Gangs rule Haiti’s capital. Some say they’re ready to overthrow the government too:Ruthless gangs have a stranglehold on the city, preying on the population, carving neighborhoods into warring criminal fiefdoms, and cutting Haiti’s international port off from the rest of the country. (CNN) 2. China raises defense budget by 7.2% as it pushes for global heft and regional tensions continue: China on Tuesday announced a 7.2% increase in its defense budget, which is already the world’s second-highest behind the United States at 1.6 trillion yuan ($222 billion), roughly mirroring last year’s rise. (AP) 3. Ukraine claims another critical strike on Russia’s Black Sea Fleet: Kyiv’s military intelligence unit says it sank the patrol ship Sergey Kotov near the Crimean peninsula. -US Events- 1. US Supreme Court rules Colorado cannot ban Trump from presidential ballot: The unanimous ruling is specific to Colorado, but it also overrides challenges brought in other states. Colorado had barred Mr Trump from its Republican primary, arguing he incited the 2021 Capitol riot. The court ruled that only Congress, rather than the states, has that power. (BBC) 2. Super Tuesday expected to boost Trump closer to clinching GOP nomination as Haley makes possible last stand (Breitbart) -Regulatory and Legal- 1. Sweeping Changes: UK’s New Rules to Freeze and Seize Crypto: The introduction of the Economic Crime and Corporate Transparency Act 2023, passed on October 26, 2023, equips law enforcement with broader powers to intervene in crypto-related crimes directly. Scheduled to take effect from April 26, the legislation facilitates direct access to cryptocurrencies held in exchanges and by custodian wallet providers. (TipRanks) (AC-Get your coin off exchanges) -Institutional Concerns- 1. BlackRock looking to include Bitcoin exposure in other funds: BlackRock has filed an amendment with the SEC to integrate Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX), according to a March 4 filing. (CryptoSlate) 2. MicroStrategy launches $600 million notes offering to fuel Bitcoin acquisition as stock surges: MicroStrategy is looking to raise $600 million to buy more Bitcoin for its $13 billion stack after its stock surged 23% on March 4. (CryptoSlate) 3. Hong Kong’s Mox Bank To Offer Crypto Investment & Spot Bitcoin ETF Services: The Hong Kong-based virtual bank also hopes to offer U.S. Spot Bitcoin ETF investment solutions. Collaboration with licensed platforms ensures regulatory compliance for Mox Bank's crypto services. (CoinGape) -Central Bank Digital Currencies (CBDC)- 1. BRICS Will Create Payment System Based on Digital Currencies and Blockchain: The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital technologies, a report by Russian news agency TASS said. (CoinDesk) -Economic Indicators- 1. US Logistics Sector Rises the Most in 4 Months: The Logistics Manager’s Index in the US increased to 56.5 in February 2024, the highest reading in four months, from 55.6 in January, amid a broad-based expansion in all metrics and continued progress in transportation and the buildup of inventories upstream at the manufacturing and wholesale levels. (TradingEconomics) -Technological Updates-' NSTR -Security Incidents and Concerns- NSTR -Bitcoin Community- 1. Exchanges witness unprecedented massive Bitcoin daily withdrawals: Bitcoin withdrawals from exchanges have hit a record, with $2.3 billion leaving in a single day, the highest in over five years. (Cryptopolitan) (AC- Coinbase's troubles with their online app over the last two weeks might have something to do with this) 2. Binance leaves Nigeria, suspending all naira services: According to the platform’s announcement on March 5, starting at 8:00 UTC on March 8, all remaining NGN balances in Binance users’ accounts will be automatically converted to USDT stablecoin. Until this time, users are advised to withdraw NGN. Deposits will be suspended on March 5. (CryptoNews) (AC-Nigeria's government pressured Binance with regulation and 'fees' that it became unsustainable for Binance to operate) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 90/100 (Up 8 pts) Analyst Comments (AC): With BRICS announcing the usage of blockchain technology for an anti-dollar currency for world trade, it is clear that we've entered a key point in worldwide economic warfare and American hegemony. The details of a new currency matter greatly in how such a desire is manifest. If BRICS decides to use Bitcoin, however, many of those questions can be effectively answered and a true challenge to the USD might ensue. For a possible thought exercise, consider reading the book "The Mandibles" for an extremely similar scenario and its consequences. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report