DIB 11 MAR 2024

BTC Daily Intelligence Bulliten (DIB)
Block: 834,198

DTG/ICOD: 0800EST 11Mar24

Precedence: Routine (RR)

Controls: Public Release

QQQQ

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BLUF: Ramadan Starts / US Evacuates Embassy in Haiti / BlackRock Surpasses MicroStrategy Holdings / BTC Surpasses Silver / MicroSoft Hack Still Underway

Market Data: Price: 1 BTC= $71,629, 33.19 oz Gold, .17 Median US House

24hr Hi: $72,235/ Lo: $67,194

Vol: $51B (Up 76%)

Mkt Cap: $1.41T (Up 3%)

HashRate: 652 EH/s

Avg Fees: 7,233 sats/tx (Down 64%)

Nodes: 18,542

—Reports—

-International Events-

1. Holy month of Ramadan starts for Muslims in Middle East in the midst of war: Muslims gathered at the Al-Aqsa mosque in Jerusalem on Sunday to celebrate the start of Ramadan. While the mosque has been flashpoint for the escalation of Israeli-Palestinian violence, Tel Aviv assured they would not restrict worshiping in the site. (EuroNews)

2. U.S. military airlifts embassy staff from Port-au-Prince amid Haiti’s escalating gang violence: The United States military conducted an overnight operation Saturday to evacuate American personnel by airlift from the U.S. Embassy in Haiti as violence escalates in the capital, Port-au-Prince. (CBS)

3. China’s congress ends with a show of unity behind Xi’s vision for national greatness: The weeklong event, replete with meetings carefully scripted to allow no surprises, has highlighted how China’s politics have become ever more calibrated to elevate Xi. (AP)

-US Events-

1. DOJ opens criminal investigation into the Alaska Airlines 737 plane blowout: The Department of Justice has launched a criminal investigation into the Boeing jetliner blowout that left a gaping hole on an Alaska Airlines plane this January, the Wall Street Journal reported on Saturday. (AP)

2. 2 National Guard soldiers, 1 Border Patrol agent killed in Texas helicopter crash are identified: A National Guard soldier from New York who was seriously injured in the crash of a helicopter flying over the U.S.-Mexico border remained hospitalized Sunday while authorities released the names of the three killed Friday in the crash in a field in Texas near Rio Grande City were: Chief Warrant Officer 2 Casey Frankoski, 28, and Chief Warrant Officer 2 John Grassia, 30, both with the New York National Guard; and Border Patrol Agent Chris Luna, 49. The cause of the crash remains under investigation. (AP)

-Regulatory and Legal-

NSTR

-Institutional Concerns-

1. BlackRock’s Bitcoin Holding Surpasses MicroStrategy Amid $2 Bln Net Inflows This Week: BlackRock’s iShares Bitcoin Trust (IBIT) surpassed MicroStrategy’s Bitcoin (BTC) holdings with a net inflow $2.07 billion in the week. Moreover, the milestone comes amidst a robust total weekly net inflow of Spot Bitcoin ETFs, which stands at $2.23 billion. (CoinGape)

2. Bitcoin surpasses silver to become the eighth largest asset by market cap: Bitcoin now has a market cap of $1.4 trillion, while silver only has a market cap of $1.3 trillion, according to CompaniesMarketCap data. Bitcoin remains behind Alphabet, with a market cap of $1.6 trillion. The asset with the largest market cap globally is still gold, at a size of $14.66T. (TheBlock)

3. Investment Company ARK Invest Sells Coinbase Share as Bitcoin Price Rises: Cathie Wood’s ARK Invest announced that it sold approximately $150 million worth of shares of cryptocurrency exchange Coinbase (COIN) during the week ending March 8, 2024. (CoinMarketCap)

-Central Bank Digital Currencies (CBDC)-

1. Central Bank of the Philippines to Complete Wholesale CBDC Pilot This Year, Hints at Securities Focused Use Case: The Central Bank of the Philippines revealed that it aims to conclude the ongoing wholesale CBDC pilot, Project Agila, later this year. The pilot, which currently includes the participation of six local financial institutions, might be the gate for democratizing access to securities according to Deputy Governor for Payments and Currency Management Sector (Bitcoincom)

-Economic Indicators-

1. US 10-Year Treasury Yield at Nearly 1-Month Low: The yield on the US 10-year Treasury note was at 4.07% to kick off the week, the lowest level since early February

2. Friday’s US jobs figures beat forecasts but downgrades complicate outlook: Data shows 275,000 new jobs added but numbers for January and December are revised sharply downwards. The revised totals for January and December restated 167,000 fewer posts were created than previously thought. Unemployment rose to 3.9% (FT) (AC-Employment data is difficult to assess on a monthly basis unless large moves are indicated. Longer term trends are most meaningful. The revision downwards of Dec and Jan do show an optimistic bias in intial reporting, however.

-Technological Updates-

NSTR

-Security Incidents and Concerns-

1. Microsoft Confirms It Has Yet to Contain Russian State Hack: Russian government hackers have successfully breached Microsoft’s systems and the tech giant confirms it has yet to contain the data breach nor evict the state-sponsored hackers. Microsoft adds that it will continue to provide more information amidst the “ongoing attack.” The Microsoft Security Team discovered the nation-state attack on January 12, 2024, and announced it on January 19. (TechTimes)

-Bitcoin Community-

NSTR

-Bitcoin Sentiment-

1. Fear(0)/Greed(100) Index: 82/100 (Up 1 pt)

Analyst Comments (AC): NSTR

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Analyst: BV2A

END REPORT

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*NSTR-Nothing Significant To Report