BTC Daily Intelligence Bulletin (DIB)
Block: 895,813
DTG/ICOD: 1200Z 08May2025
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: Pakistan Launches Artillery in Response to India Strikes / Sudan Cuts Dip Ties to UAE / Vatican Prepares for Pope Selection / Pres XI Meets With Pres Putin / Trump Call Powell "Fool" / Students Occupy Columbia Library / USS Truman Loses Another Plane / EU Says 'No' to Anon Wallets / G7 To Discuss North Korean Crypto Hacking Industry / US Banks Get Green Light For Digital Asset Activity / Bhutan Goes Crypto Tourism / Vivek Starts Bitcoin Treasury Company / Revolut Brings Lightning Network to EU / Trump Trade Deal with UK Today? / Bitcoin Hackers Hacked / SpaceX to Launch Every Other Week / Bitcoin Core to Lift Guardrails / Saifedean Teams With Scottish College on Austrian Economics and Bitcoin
Market Data: Price: 1 BTC= $99,505, 29.74 oz Gold, .23 Median US House
24hr Hi: $99,882 / Lo: $95,829
Vol: $54B (Up 60%)
Mkt Cap: $1.97T (Up 3%)
HashRate: 926 EH/s
Avg Fee Rate: 2 sats/vBtye (Up 100%)
---Reports---
-International Events-
1. Pakistan Reports Civilian Casualties from Indian Shelling: Pakistani military shelling in response to India’s air and missile strikes that killed 15 civilians and injured 43 in Poonch and Tangdhar along the Line of Control (LoC). A complete blackout was reported in Jaisalmer, India, amid escalations. India’s Defense Minister Rajnath Singh stated the strikes targeted only those responsible for the Pahalgam attack. (CNBC)
2. Sudan Cuts Diplomatic Ties with UAE: Sudan severed diplomatic relations with the United Arab Emirates, citing undisclosed reasons. This move follows ongoing regional tensions and Sudan’s internal conflict. (Anadolu)
3. Vatican Conclave Prepares to Select New Pope: The Vatican’s conclave is underway to choose a new pope, with global anticipation high. The last two popes were selected on the second day of proceedings, and Thursday’s session is expected to be pivotal. (WaPo)
4. China's Xi arrives in Moscow in show of support for Putin after Ukrainian drones target capital: Xi is the most powerful world leader expected at a military parade on Moscow's Red Square on Friday to mark the 80th anniversary of the victory of the Soviet Union and its allies over Nazi Germany. (Reuters)
-US Events-
1. Trump calls Fed Chair Jerome Powell a ‘fool’ after central bank keeps rates steady: Trump's criticism followed Powell's decision to hold the benchmark rate at 4.25% to 4.5% despite pressure from the White House to cut rates. (GroundNews)
2. Columbia University: Police Arrest Pro-Palestinian Protesters Occupying Library: he protesters, many wearing masks and kaffiyehs, were seen pushing through the security entrance at the Butler Library on Wednesday afternoon, where they played drums and “posted signs and stickers to free Mahmoud Khalil, a recent Columbia grad who’s been detained by ICE. (Breitbart)
3. Second Plane Falls Off US Aircraft Carrier In 10 Days: A US warplane plummeted into the Red Sea when trying to land on the Harry S. Truman aircraft carrier, a defense official said Wednesday, the second jet lost from the ship in just over a week. "The arrestment failed, causing the aircraft to go overboard," the defense official said. (IBTimes) (AC-High OPTEMPO could be the cause of so many accidents on the Truman, but from a collision earlier this year, to losing a third aircraft, there are some serious indicators of incompetence, mechanical failures, or even sabotage. With any of these possibilities, it's time to explore why and how to fix it.)
-Regulatory and Legal-
1. EU law banning anonymous digital asset wallets by 2027, ‘final’: under Article 79 of the EU’s new Anti-Money Laundering Regulation (AMLR), “credit institutions, financial institutions, and crypto-asset service providers are prohibited from maintaining anonymous accounts” or handling privacy-preserving digital assets, such as Monero (XMR) and Zcash. (CoinGeek) (AC-There is no right to privacy in the new digital EU world.)
2. G7 Countries to Discuss North Korea's Use of Stolen Crypto Next Month: The G7 countries are planning to address and mitigate North Korea's long history of engaging in crypto hacks and malicious cyber activities. Investigations have shown that stolen funds from the crypto industry have been used to support North Korea's development of weapons of mass destruction. The summit, hosted by Canadian Prime Minister Mark Carney, will bring together leaders from the world's seven most advanced economies. (Decrypt)
3. US Banks Get Green Light to Handle Your Crypto? Here’s What OCC’s New Move Means: The Office of the Comptroller of the Currency (OCC) has officially confirmed that US banks and federal savings associations are allowed to provide crypto custody and execution services. This update also gives banks permission to outsource crypto-related services like custody and execution to third-party providers, as long as they follow proper risk management protocols. (CoinGape)
-CBDCs/World Currencies/Strategic Reserves-
NSTR
-Institutional Concerns-
1. Bhutan Goes Fully Crypto for Tourism in Historic Partnership With Binance Pay: Bhutan has partnered with Binance Pay and DK Bank to launch the world’s first national crypto-based tourism payment system, allowing visitors to use digital assets for everything from hotels to market purchases, boosting financial inclusion and innovation. (BitcoinCom)
2. Strive Merges With Asset Entities to Become a Bitcoin Treasury Company Listed on Nasdaq: Strive Asset Management, co-founded by Ohio gubernatorial candidate Vivek Ramaswamy, plans to merge with Asset Entities to become a Bitcoin treasury company listed on Nasdaq. The merger allows accredited investors to exchange Bitcoin for shares tax-free under Section 351 of the U.S. tax code. (Decrypt)
3. Revolut Will Integrate Bitcoin Lightning Network Payments: Revolut is collaborating with Lightspark to introduce Bitcoin transactions on the Lightning Network in the U.K. and select EEA countries. The feature aims to reduce fees and processing time for crypto users, with no specified timeline for its launch. (Decrypt)
-Economic Indicators-
1. US Futures Jump as Trump Hints at Major Trade Deal: US stock futures jumped on Thursday after President Donald Trump posted on Truth Social that there would be a news conference later today to announce a deal with a “big” country, reportedly the UK. (TradingEconomics)
-Security Concerns-
1. 60K Bitcoin addresses leaked as LockBit ransomware gang gets hacked: LockBit is one of the most notorious crypto ransomware groups. While almost 60,000 Bitcoin wallets were leaked, no private keys were included. The exposure of the addresses allows law enforcement and blockchain investigators to track patterns and potentially link past ransom payments to known wallets. (CoinTelegraph)
-Technology and Science-
1. SpaceX Starship Is Gearing Up to Launch Every Other Week From Starbase Following FAA Approval: SpaceX received an approved launch cadence from the FAA that guarantees 25 launches a year. (TechTimes)
-Bitcoin Community-
1. Bitcoin Core to Lift OP_RETURN Guardrails in Next Update: Move Is 'Aligned With Bitcoin's Ethos': A recent statement from the Bitcoin Core team revealed that the controversial change to lift the current guardrails on OP_RETURN restrictions will be implemented in the next version. The statement explains that the decision was made because it aligns with the current bitcoin ethos. (BitcoinCom)
2. Scotland’s Lomond School and Saifedean Ammous Launch New Bitcoin Scholarship Program: Lomond School partners with Dr. Saifedean Ammous to launch the world’s first Bitcoin-powered scholarship fund promoting Austrian economics—inviting Bitcoin benefactors to shape the next generation of economic thinkers. (BitcoinMag) (AC-Expect to see more of this.)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 65/100 (Down 2 pts)
Analyst Comments (AC): NSTR
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report