BTC Daily Intelligence Bulletin (DIB)
Block: 891,927
DTG/ICOD: 1200Z 11Apr2025
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: China Ups Tariffs to 125% / US-Iran Talks Today / Tourist Helo Crashes in Hudson, Family Killed / House Passes SAVE Act / Space Force Colonel Sacked for VP Vance Email / AZ Passes Bitcoin Home Miner Bill / Block Fined in NY for "Lax" KYC / BTC ETFs Continue Outflow / USD Index at 6-Year Low / UST Yields Up / Bitcoin HODLers Still Mostly Green / Oregon EV Agency Hacked / ChatGPT Remembers More / Ross to Speak at Vegas / New Bitcoin Life Insurance Startup Raises Money
Market Data: Price: 1 BTC= $82,092, 25.46 oz Gold, .19 Median US House
24hr Hi: $82,918 / Lo: $78,456
Vol: $46B (Down 32%)
Mkt Cap: $1.62T (Up 1%)
HashRate: 883 EH/s
Avg Fee Rate: 6 sats/vBtye (Up 100%)
---Reports---
-International Events-
1. China Hikes Tariffs On US Goods To 125%: China on Friday announced steep tariff hikes on U.S. imports, raising duties to as much as 125%, up from the previous level of 84%. Chinese exports to the U.S. are now facing tariffs as high as 145%. Meanwhile, Chinese President Xi Jinping has urged the European Union to stand with the Asian country against what he described as American "bullying," (IBTimes)
Xi Jinping to visit Southeast Asia as tariff war spurs China to strengthen ties: Foreign ministry confirms the Chinese leader will tour Vietnam, Malaysia and Cambodia in what will be his first foreign visits of the year. (SCMP)
2. Ahead of Trump admin-Iran talks, new report says Iran nuclear threat rises to 'extreme danger': The possibility of Iran deciding to build nuclear weapons has been increased by the ongoing military conflicts in the Middle East, pitting Iran and its proxy forces against Israel and its allies, a conflict Iran is losing. The volatile security situation is now combined with the perception, if not the reality, that Iran is preparing to build nuclear weapons." (FOX)
-US Events-
1. Tourist helicopter crashes in Hudson River in New York City, all 6 on board killed: The New York Helicopters chartered chopper, which was carrying a pilot, two adults and three children, fell into the Hudson River by Lower Manhattan in New York City on Thursday afternoon. The five-person family was from Barcelona, Spain, two Spanish officials told ABC News. (ABC)
2. House Passes SAVE Act: Citizenship Proof Required for Voting: Yesterday, the U.S. House of Representatives passed the Safeguard American Voter Eligibility (SAVE) Act, which requires proof of citizenship for voter registration in federal elections. The bill directs states to remove non-citizens from voter rolls. The bill passed with opposition from 208 Democrats. (X)
3. Space Force Colonel Relieved After Critical Email: Colonel Susan Meyers of the U.S. Space Force, stationed at Pituffik Space Base in Greenland, was relieved of her command following an email she sent to base personnel. The email criticized Vice President JD Vance's visit and expressed concerns that the issues discussed did not reflect the situation at Pituffik. (SpaceComPR)
-Regulatory and Legal-
1. Arizona Bill Safeguarding Home-Based Bitcoin Miners Heads to Governor's Desk: Arizona's HB 2342 bill, passed by the state legislature, protects home-based Bitcoin miners and blockchain node operators from local zoning restrictions. The bill, defining "computational power" broadly, is part of Arizona's progressive stance on crypto adoption. (Decrypt)
-CBDCs/World Currencies/Strategic Reserves-
1. Block Inc faces $40 million fine for lax Bitcoin transactions oversight: Block Inc., the company behind Cash App and led by Jack Dorsey, has been fined $40 million by the New York Department of Financial Services (NYDFS). According to the NYDFS, the company’s compliance program did not detect or flag Bitcoin transactions linked to wallets associated with illicit or sanctioned activity unless certain thresholds were exceeded. Another area of concern was Block’s handling of transactions routed through crypto mixers, services that mask the origin and destination of funds, making them attractive to criminals. (CryptoSlate) (AC-This echoes the shakedown efforts by Nigeria with Binance.)
-Institutional Concerns-
1. Spot bitcoin ETFs see sixth straight day of outflows as tariff tensions fuel flight to safe havens (TheBlock)
2. Over 85% Of Bitcoin Holders Still In Profit Despite Tariff-Driven Correction: Despite recent volatility, Bitcoin’s fundamentals remain strong. IntoTheBlock’s In/Out of the Money chart reveals that even during this week’s lows, over 85% of Bitcoin holders remained in profit. (BItcoinist)
-Economic Indicators-
1. US corporate bankruptcies rise to highest Q1 level since 2010: In the first quarter of 2025, 188 bankruptcies were filed, an increase from 139 filings in the same period of 2024, according to S&P Global. Notable companies that filed for bankruptcy include Nikola, Joann Fabrics, and Hooters, (GroundNews)
2. Dollar Slides to Three-Year Low: The dollar index fell over 1% to 99.2 on Friday, its lowest level in nearly three years, as investors continued to pull out of US assets. (TradingEconomics)
3. US 10-Year Treasury Yield Posts Steep Weekly Rise: The yield on the US 10-year Treasury note approached 4.5% before settling around 4.4% on Friday and is on track to post a nearly 43bps increase for the week, signaling Treasuries may be losing their safe-haven appeal. (TradingEconomics)
-Security Incidents and Concerns-
1. Oregon’s environmental agency shuts down network after cyberattack: Officials at the Oregon Department of Environmental Quality (DEQ) were forced to shut down the organization’s network following a cyberattack on Wednesday. (TheRecord)
-Technology and Science-
1. ChatGPT Memory Boost Is Here: Better Conversations, Improved Recall Now Available: OpenAI has announced via X that it is now rolling out an improved version of ChatGPT, which has received a "memory boost" that allows it to be remember past conversations better. According to OpenAI, the chatbot "can now reference all of your past chats," which in turn makes conversations better. (TechTimes) (AC-Pros and cons here. Centralized, detailed conversations are a major privacy risk.)
-Bitcoin Community-
1. Ross Ulbricht to Speak at Bitcoin Conference Following Trump Pardon: Ross Ulbricht, founder of Silk Road, will speak at the Bitcoin Conference in Las Vegas, marking his first public appearance since his release from prison earlier this year. Ulbricht, who operated the Silk Road marketplace under the alias "Dread Pirate Roberts," was granted a presidential pardon by Donald Trump in January. (Decrypt)
2. Startup Raises $40 Million for Bitcoin Life Insurance Push: A startup raised $40 million in series A funding for life insurance and annuities denominated in bitcoin. The investment was led by Framework and Fulgur Ventures, with Wences Casares participating. The firm aims to help policyholders guard against inflation by keeping premiums and benefits in bitcoin. (Decrypt)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 25/100 (Down 11 pts)
Analyst Comments (AC): NSTR
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report