DIB 27 JUN 2024

BTC Daily Intelligence Bulletin (DIB)
Block: 849,675
DTG/ICOD: 1200Z 27Jun24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: Bolivia President Survives Failed Coup / Iran Presidential Contenders Dwindle / Kenya Drops Austerity Measures After Deadly Protests / US Presidential Debate Tonight / Economists Preempt Debate in Support of Biden / Rapidan Dam Failing in MN / USG To Sell 4,000 BTC From Silk Road / Binance Issues Misuse Bounty / Switzerland Ramps Up Wholesale CBDC / Denmark First to Tax Cow Farts

Market Data: Price: 1 BTC= $61,201, 26.44 oz Gold, .14 Median US House
24hr Hi: $61,951 / Lo: $60,580
Vol: $21B (Down 17%)
Mkt Cap: $1.21T (Even)
HashRate: 489 EH/s
Avg Fee Rate: 19 sats/vBtye (Down 38%)
Nodes: 19,668

—Reports—
-International Events-
1. Bolivian president survives failed coup, calls for ‘democracy to be respected,’ army general arrested: Bolivian President Luis Arce announced three new heads of the South American country’s armed forces following an attempted coup in which military units used armored vehicles to ram into the doors of Bolivia’s government palace before the army general allegedly responsible was arrested. Bolivia, a country of 12 million people, has seen intensifying protests in recent months over the economy’s precipitous decline from one of the continent’s fastest-growing two decades ago to one of its most crisis-stricken. (Fox)

2. Contenders quit race ahead of Iran’s presidential poll as campaigning ends: Two candidates in Iran’s presidential election have withdrawn from the race as campaigning ended a day ahead of the vote. The first to do so was Amir-Hossein Ghazizadeh Hashemi, 53, who dropped his candidacy on Wednesday night and urged other candidates to do the same “so that the front of the revolution will be strengthened”, the state-run IRNA news agency reported. (AlJazeera)

3. Kenyan President Ruto withdraws controversial finance bill following deadly protests: “Having reflected on the continuing conversation regarding the content of the finance bill 2024, and listening keenly to the people of Kenya who have said loudly that they want nothing to do with this Finance Bill 2024, I concede, and therefore I will not sign the 2024 finance bill,” Ruto said during a television address Wednesday. Kenya, a nation often praised for its stability, had seen escalating protests over the bill, which the government introduced to rein in public debt. (CNN)

-US Events-
1. Biden and Trump to face off at CNN presidential debate: President Joe Biden and former President Donald Trump will have their first in-person showdown of the 2024 election cycle at CNN’s debate in Atlanta at 9 p.m. ET. The candidates agreed to appear at a uniform podium. Microphones will be muted throughout the debate except for the candidate whose turn it is to speak. (CNN)

2. Video shows Minnesota home next to Rapidan Dam toppling into river amid flooding: Part of the home, which is located close to the Rapidan Dam, fell into the river Tuesday night. So far, there has been no mass evacuation. (USAToday)

3. Nobel Economists Bash Trump, Hail Biden in Pre-Debate Inflation Attack: Sixteen Nobel Prize-winning economists — all unabashed liberals — have unleashed a partisan attack against Donald Trump on the eve of the first presidential debate. The economists claim that former President Donald Trump could stoke inflation if he wins the presidency in November and implements his economic plans. (Breitbart)
(AC- The weaponization of scholarly disciplines such as economics or medicine is becoming even more common in support of political power. It is unfortunate that science and study is now subservient to ideology.)

-Regulatory and Legal-
1. Bitcoin Falls After U.S. Sends $240M Worth of Silk Road-Related BTC to Coinbase: Some 3,940 bitcoin originally seized from a Silk Road vendor was moved after a wallet tagged to the U.S. Government moved about $240 million worth of seized BTC to a Coinbase Prime address. “This BTC was originally seized from narcotics trafficker Banmeet Singh, and forfeited at trial in January 2024,” the post said. (CoinDesk)

-Institutional Concerns-
1. Binance enforces stricter measures against account misuse: Binance has enhanced monitoring of all account usage and related activities. The platform encourages users to report any suspected incidents of misuse and offers a reward for verified cases. (CoinTelegraph)

-Central Bank Digital Currencies (CBDC)-
1. Switzerland extends CBDC trial by 2 years after promising early results: After nearly nine months of experimenting with a wholesale central bank digital currency (CBDC), the Swiss National Bank (SNB) has announced an extension of the pilot to explore new use cases and expand the scope. “Pioneering the use of wholesale central bank digital currency goes beyond enhancing the efficiency and security of financial transactions,” said SIX CEO Jos Dijsselhof. “This project underscores our commitment to innovation and cements Switzerland’s position at the forefront of digital asset adoption in capital markets.” (CoinGeek)

-Economic Indicators-
1. Denmark farmers will soon pay taxes based on how much their livestock farts: Denmark farmers will soon have to pay an extra tax for their livestock’s farts — making it the first country to implement such a measure to target global warming-inducing methane emissions. The gassy tax will apply to cows, sheep and pigs starting in 2030. Under the new law, Denmark hopes to reduce its greenhouse gas emissions by 70% from 1990 levels by 2030. (NYT)

-Security Incidents and Concerns-
1. CISA Warns of Exploited GeoServer, Linux Kernel, and Roundcube Vulnerabilities: The US cybersecurity agency CISA on Wednesday raised the alarm on threat actors exploiting known vulnerabilities in GeoServer, the Linux kernel, and Roundcube Webmail. (SecurityWeek)

-Technology-
NSTR

-Bitcoin Community-
1. El Salvador’s national Bitcoin chief has been orange-pilling Argentina: The appointed President of El Salvador’s newly created National Commission of Digital Assets (CNAD), Juan Carlos Reyes who was introduced to Bitcoin in 2013, it was a mission that he had been on from an early age. There have been considerable upsides to El Salvador embracing Bitcoin, with the South American nation’s almost 6,000 Bitcoin stack benefiting from the surge in Bitcoin prices, as well as a surge of “crypto tourists” who have come to El Salvador to see things for themselves. But it has not been smooth sailing since El Salvador decided to accept Bitcoin as legal tender, with international bodies fighting the move. (CoinTelegraph)

-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 40/100 (Down 6 pts)

Analyst Comments (AC): Some days the news simply highlights the struggle between centralized and decentralized power. The livestock tax in Denmark, CBDCs worldwide, and of course the US Presidential debate tonight all show the human nature to gather more and more power from others. Meanwhile, efforts such as grassroots protests, decentralized ledgers and freedom technology all show humanity’s desire to self-regulate with liberty to choose what’s best for them. The doctrines and methods of power accumulation are well known and tested, while those of decentralized power continue to evolve and strong proponents are few.

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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report