DIB 7 MAY 2024

BTC Daily Intelligence Bulletin (DIB)
Block: 842,444
DTG/ICOD: 0800EST 07May24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Israel Begins Rafah Attack / Putin Inaugurated for another 6 years / China Stabbing Spree / US Soldier Arrested in Russia / Australia Gets Data on All Crypto Transactions / GBTC Continues Inflows / US Equities Sniff Liquidity / UK Troops Data Hacked by China / US Air Force Sec. Flies in AI-Piloted F-16

Market Data: Price: 1 BTC= $63,610, 27.53 oz Gold, .15 Median US House
24hr Hi: $64,390 / Lo: $62,746
Vol: $28B (Up 24%)
Mkt Cap: $1.25T (Down 1%)
HashRate: 547 EH/s
Avg Fee Rate: 29 sats/vBtye (Down 10%)
Nodes: 19,271

—Reports—
-International Events-
1. Israeli military captures Palestinian side of Rafah crossing: Israel’s military said it has taken control of the Palestinian side of the Rafah crossing, a vital entry point for aid to Gaza on the Egyptian border. A Palestinian official said all movement had stopped at the facility after it was captured by Israeli tanks. Twenty-three people were killed, including six children, in Israeli strikes on Rafah overnight, medical officials in the city said. (CNN)

2. Putin inaugurated as president for fifth term with Russia under tight grip: Putin won Russia’s stage-managed election by an overwhelming majority in March, securing for himself another six-year term that could see him rule until at least his 77th birthday. (CNN)

3. China: At least two dead, 21 injured in hospital stabbing: The stabbing happened at 11:37 local time (03:37 GMT) at Zhenxiong People’s Hospital in Yunnan province, the police said. Images published by China’s The Paper showed a man in black, wielding knives in both hands, inside the hospital. (BBC) (AC- Guns are outlawed in China)

-US Events-
1. Russia confirms U.S. soldier arrested on theft charges and will be held until July: “Pervomaisky District Court in Vladivostok arrested American soldier Gordon Black until July 2 under the ‘theft‘ article” of Russia’s criminal code. The soldier was detained after traveling from where he was stationed in South Korea to the far eastern Russian city of Vladivostok. He was traveling home to the U.S. and stopped in Russia to meet a woman he was romantically involved with, officials said. (NBC)

-Regulatory and Legal-
1. Australia’s Tax Office Tells Crypto Exchanges to Hand Over Transaction Details of 1.2 Million Accounts: The Australian Financial Review reported on Monday that “as part of a surveillance effort announced in April, the ATO said its latest data collection protocol would require designated cryptocurrency exchanges to provide the names, addresses, birthdays and transaction details of traders to help it audit compliance with obligations to pay capital gains tax on sales.” (CoinDesk)

-Institutional Concerns-
1. Grayscale’s spot bitcoin ETF logs second day of net inflows: Grayscale’s spot bitcoin trust recorded two consecutive days of net inflows after ending a 78-day streak of outflows last week. The 11 U.S.-based spot bitcoin ETFs reported a total daily net inflow of $217 million on Monday. (TheBlock)

-Central Bank Digital Currencies (CBDC)-
1. India Proposes CBDC That Can Function Offline: “One of the key features of cash is that it works offline,” Reserve Bank of India (RBI) Governor Shaktikanta Das said at a Monday (May 6) Bank for International Settlements summit. “We are working on making the CBDC transferable in the offline mode also.” (Pymnts)

-Economic Indicators-
1. US Equities Mark 3-Day Winning Streak: Wall Street extended its gains for the third consecutive session on Monday, driven by positive sentiment following softer labor data and growing expectations of an impending interest rate cut by the Federal Reserve. The S&P 500 gained 1%, the Nasdaq rose 1.2% and the Dow added 176 points. (TradingEconomics)

-Security Incidents and Concerns-
1. Suspected China hack hits UK’s defense ministry: The hack targeted an MoD payroll system which includes names and bank details of current and former armed forces members. Every troop apart from the U.K.’s special forces was affected, amounting to around 270,000 people. The breach also includes a few thousand home addresses. (Politico) (AC-Doxxing military members and bank details can be significant in a 5GW effort)

-Technology-
1. US Air Force Secretary Kendall flies in cockpit of plane controlled by AI: The F-16 controlled by AI is called Vista, and it flew Kendall in maneuvers reaching over 550 mph, putting pressure on his body of nearly five times the force of gravity. Flying alongside Vista and Kendall was a human-piloted F-16, and the two jets raced within 1,000 feet of each other performing twists and loops, in an effort to force their opponent into a place of submission. (Fox)

-Bitcoin Community-
1. Bitcoin Cash Prepares Adaptive Blocksize Limit Upgrade, Commits to Network Scaling: Bitcoin Cash, the usability-focused Bitcoin hard fork, is preparing to perform a blockchain-wide upgrade slated to happen on May 15th. The upgrade implements the adaptive blocksize limit algorithm, allowing the network to adapt to future increases in demand without having direct input from actors, avoiding the opportunity for social attacks. (BitcoinCom)

-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 68/100 (Down 3 pts)

Analyst Comments (AC): As the future of kinetic warfare seems to point to drone on drone conflict, the effects of innovation in other domains, such as the cyber domain will become increasingly significant. It is time for warfare leaders to study and understand new power projection concepts as put out by thinkers such as Maj. Jason Lowery. When the concept of Fifth Generation Warfare (5GW) is accounted for, it becomes clear that ‘warfare leaders’ is not restricted to nation-state generals but instead of anyone who has access to survival resources or any size of conglomerations of such individuals. We are on the cusp of significant change with technological revolutions that will have profound impacts on political, economic and social systems.

Follow us on NOSTR: @Bitcoin Veterans
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report