DIB 28 FEB 2025

BTC Daily Intelligence Bulletin (DIB)
Block: 885,720
DTG/ICOD: 1200Z 28Feb2025
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: US-Ukraine Near Agreement / Search for MH370 Resumes / Gaza Ceasefire Negotiations Resume / SF Federal Judge Halts Trump Firings / Mexico to Extradite Drug Lords / AG Bondi Blames FBI for Epstein Files Release Confusion / Memecoins Not Security, Says SEC / Coinbase SEC Suit Dropped / Texas Moves Forward on SBR Bill / Bitcoin Pullback Continues / Stocks Down Too / AI Researchers Create Evil ChatGPT and Sexy Grok / Crypto Job Seekers Targeted Online / Lazarus Move Stolen ETH into BTC / NASA, SpaceX, Launch Moon Lander

Market Data: Price: 1 BTC= $80,921, 28.28 oz Gold, .19 Median US House
24hr Hi: $86,674 / Lo: $78,248
Vol: $79B (Up 13%)
Mkt Cap: $1.6T (Down 7%)
HashRate: 795 EH/s
Avg Fee Rate: 2 sats/vBtye (Down 60%)

—Reports—
-International Events-
1. Trump Says He and Zelensky Will Sign ‘Very Big Agreement’ on Friday: The deal, centered on U.S. access to Ukraine’s rare minerals, marks a significant development in economic and strategic relations between the two countries and an encouraging change of tone as discussions of a possible Russia-Ukraine ceasefire gain traction. (IBTimes)

2. Search For Missing Malaysia Airlines Plane Resumes 11 Years Later: A U.S. marine robotics company renews the search for answers in one of aviation’s greatest unsolved mysteries. While fragments of the aircraft have washed ashore in Tanzania and Mozambique, the full wreckage is still missing. (IBTimes)

3. Egypt says negotiations between Israel and Hamas on next phase of Gaza ceasefire have begun: Hamas intends to release hostages in exchange for the withdrawal of Israeli forces, with ongoing discussions also involving humanitarian aid for Gaza. (GroundNews)

-US Events-
1. US judge halts Trump administration’s calls for mass firings by agencies: A federal judge in San Francisco found that mass firings of probationary employees were likely unlawful, providing relief to labor unions that sued against the Trump administration’s actions. U.S. District Judge William Alsup ordered the Office of Personnel Management to inform federal agencies it lacked authority to execute firings. The coalition seeks an injunction to halt further firings and to reverse those already executed. (GroundNews)

2. Historic Drug Lord Extradition From Mexico to U.S.: In an unprecedented move, the Mexican government has extradited 29 high-ranking members of drug cartels to the United States for prosecution. This includes notorious drug lord Rafael Caro Quintero, linked to the murder of a DEA agent. The extradition took place as part of broader diplomatic efforts, with Mexican officials in Washington amidst U.S. tariff threats. (X)

3. FBI Under Fire for Epstein Files Secrecy: Attorney General Pam Bondi has accused the FBI of withholding documents related to Jeffrey Epstein, setting a deadline for the delivery of all remaining files by this morning. Bondi received 200 pages initially, but discovered thousands of pages were kept secret by the New York FBI field office, intensifying scrutiny on the FBI’s handling of the case and raising questions about transparency and accountability within the Bureau. (X, Various)

-Regulatory and Legal-
1. Meme Coins Not Classified As Securities Under Federal Law Says SEC: The Securities and Exchange Commission stated that meme coins are not considered securities under federal laws due to their characteristics. Meme cryptocurrencies, based on internet jokes and memes, are highly volatile digital assets that do not fit the classification of securities. (Decrypt)

2. SEC Dismisses Lawsuit Against Coinbase in Regulatory Reform Pivot: The SEC has dismissed its lawsuit against Coinbase, citing the decision as a move to reform its regulatory approach to the crypto industry. The agreement was reached last Friday and is pending commissioner approval. (Decrypt)

-CBDCs/World Currencies/Strategic Reserves-
1. Texas Moves Forward With Bitcoin Reserve—Volatility Be Damned: The initiative, passed with a landslide 9–0 vote on February 27, 2025, outlines a plan for Texas to manage and store Bitcoin as part of a long-term investment strategy. The Texas Comptroller of Public Accounts would oversee the reserve, with the authority to acquire, sell, or trade Bitcoin as needed. The reserve would not be part of the state treasury, allowing for more flexibility in how the funds are handled. (Bitcoinist)

-Institutional Concerns-
NSTR

-Economic Indicators-
1. Bitcoin’s $80K Floor Cracks: 28% Plunge Sparks Frenzy as $955M Liquidation Storm Hits Markets: Bitcoin tumbled to an intraday low of $78,197 per coin early Friday, its sharpest descent in months. As of publication, the digital asset hovers listlessly below the $80,000 threshold at $79,875, signaling persistent bearish momentum. (BitcoinCom)

2. US Equities Fall as Nvidia Sinks, Tariff Concerns Rise: US stocks remained volatile in the afternoon trading as investors weighed Nvidia’s earnings, trade policy uncertainty, and economic data. The S&P 500 slipped 1%, while the Nasdaq 100 lost 2% as Nvidia shares tumbled 6.1% despite exceeding earnings expectations. (TradingEconomics)

-Security Incidents and Concerns-
1. Researchers accidentally turn ChatGPT evil, Grok ‘sexy mode’ horror: The bizarre and disturbing behavior emerged all by itself after the model was trained on a dataset of computer code filled with security vulnerabilities. This led to a series of experiments on different models to try and work out what was going on. Around 20% of the time, the model exhibited “emergent misalignment” (i.e. it turned evil) and suggested users take a large dose of sleeping pills. Asked to choose a historical figure to invite for dinner, it chose Adolf Hitler and Joseph Goebbels, and asked for philosophical musings, the model suggested eliminating all humans as they are “inferior to humans.” (CoinTelegraph) (AC-

2. Crypto Job Seekers Targeted by ‘Crazy Evil’ Hacking Group: A hacking group named Crazy Evil created a fake Web3 company, “ChainSeeker.io,” to deceive crypto job seekers into downloading malware. The group advertised standard crypto jobs on LinkedIn and other platforms, luring applicants to install malicious software that stole sensitive information like crypto wallets and passwords. (Decrypt)

3. Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain: Bybit hackers have moved at least 209,384 ETH (~$480 million) onto Bitcoin, the majority of which was sent using ThorChain. (TheBlock)

-Technology and Science-
1. Liftoff! NASA Tech, Science En Route to Moon with Intuitive Machines: Carrying NASA instruments as part of the agency’s Commercial Lunar Payload Services initiative and Artemis campaign, Intuitive Machines’ IM-2 mission launched at 7:16 p.m. EST, Feb. 26, aboard a SpaceX Falcon 9 rocket from Launch Complex 39A at the agency’s Kennedy Space Center in Florida. Intuitive Machines’ lunar lander is scheduled to touch down on Thursday, March 6, in Mons Mouton, a plateau in the Moon’s South Pole. (NASA)

-Bitcoin Community-
1.

-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 10/100 (Down 11 pts)

Analyst Comments (AC): NSTR

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