BTC Daily Intelligence Bulletin (DIB)
Block: 899,770
DTG/ICOD: 1200Z 04Jun2025
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: Ukraine Hits Crimean Bridge / South Korea Elects New President / 5 New Countries Sit on UN Security Council / Chinese Nationals Arrested for Smuggling Biological Pathogens Into US / Wife and 5 Kids of Colorado Attacker Arrested, May Be Deported / SCOTUS Refuses to Hear AR-15 Case / Czech Leader Steps Down For Receiving Bitcoin / California Votes to Accept Bitcoin Payments / Coinbase CEO Say US Debt May Trigger Bitcoin Adoption / Trump Media Files for BTC ETF / AI May Hurt Because of Human Apathy / Romanian Man Arrested for Years of 'Swatting' US Officials / New Pope Warns Against AI Playing God / Bitcoin Community Questions Lack of Green Candle
Market Data: Price: 1 BTC= $105,308 31.49 oz Gold, .24 Median US House
24hr Hi: $106,813 / Lo: $105,111
Volume: $46B (Up 5%)
Mkt Cap: $2.09T (Even)
HashRate: 922 EH/s
Avg Fee Rate: 4 sats/vBtye (Up 300%)
---Reports---
-International Events-
1. Ukraine says it hit Crimea bridge with underwater explosives: Ukraine's Security Service (SBU) said it targeted the Crimea bridge with underwater explosives on Tuesday following an operation lasting "several months". The SBU said it had "mined the supports" of the bridge with explosives equivalent to 1,100kg of TNT, which "severely damaged" the bottom level of the supports. Russia has not yet commented on Tuesday morning's attack but Russian military bloggers speculated that an underwater drone, rather than explosive, had hit a protective barrier. (BBC)
2. Liberal Lee Jae-myung Wins 'Judgement Day' Election After Conservative Leader's Ousting: This year's election was dubbed by Lee as "judgement day" against the previous administration, accusing them of condoning martial law to save Yoon's presidency. Lee has advocated for pro-crypto policies in the past. (IBTimes, THeBlock)
3. Five countries win seats on the UN Security Council: The 193-member General Assembly held a secret-ballot vote for the five rotating seats on the 15-member council. Bahrain received 186 votes, Congo 183 votes, Liberia 181 votes, Colombia 180 votes and Latvia 178 votes. (AP)
-US Events-
1. Chinese nationals accused of smuggling 'dangerous biological pathogen' into US: Yunqing Jian, 33, and Zunyong Liu, 34, have been charged with conspiracy, smuggling goods, false statements, and visa fraud. The fungus called Fusarium graminearum can cause a disease in wheat, barley, maize and rice that can wipe out crops and lead to vomiting and liver damage if it gets into food. (BBC) (AC-Deeply concerning)
2. Wife and 5 children of Boulder attack suspect in ICE custody: "The wife and five children of illegal alien Mohamed Soliman — the suspect in the antisemitic firebombing of Jewish Americans —have been captured and are now in ICE custody for expedited removal," the White House said on its official X account. "THEY COULD BE DEPORTED AS EARLY AS TONIGHT," the post concluded. (NBC)
3. Supreme Court denies challenges to state laws banning assault-style weapons and high-capacity magazines: The Supreme Court declined to hear two gun cases involving a Maryland law banning assault-style weapons and a Rhode Island restriction on large-capacity magazines. (GroundNews)
-Regulatory and Legal-
1. Czech Opposition Party Calls For No-Confidence Vote in Government Over Controversial Bitcoin Donation: The Czech opposition party ANO has called for a no-confidence vote in the government after Justice Minister Pavel Blazek's resignation due to a controversial Bitcoin donation from a convicted drug trafficker. Blazek denied any legal wrongdoing before stepping down. (Decrypt)
2. Largest US economy, California, moves to accept Bitcoin for state fees by passing new bill to Senate: The California State Assembly has unanimously passed AB 1180, a bill that allows state agencies to begin accepting Bitcoin and other digital assets as payment for certain regulatory fees. California’s push follows in the footsteps of Colorado, Utah, and Louisiana, which already accept crypto payments for certain government services. (CryptoSlate)
-CBDCs/World Currencies/Strategic Reserves-
1. Brian Armstrong Posits Bitcoin's Potential as Reserve Currency Amid US's $37 Trillion Debt: Coinbase CEO Brian Armstrong expressed concerns about the U.S. national debt reaching $37 trillion, warning that Bitcoin could become the world's reserve currency if Congress doesn't address the issue. The House Republicans' bill, supported by Trump, could further exacerbate the debt crisis, driving interest in Bitcoin as a hedge against inflation. (Decrypt)
-Institutional Concerns-
1. Trump Media's Bitcoin ETF Heads to SEC for Approval: Plans are underway for Trump Media & Technology Group to launch cryptocurrency-based exchange traded funds, starting with a spot Bitcoin ETF in the United States. (Decrypt)
-Economic Indicators-
1. US 10-Year Treasury Yield Steady Ahead of Jobs Data: The yield on the US 10-year Treasury note held around 4.45% on Wednesday as investors awaited a series of labor market reports that could influence the Federal Reserve’s policy direction. (TradingEconomics)
2. Wall Street Rises on Tech Surge, Labor Data: US stocks rose on Tuesday, lifted by tech strength, solid labor data, and hopes for progress on trade. The S&P 500 rose 0.6%, the Dow gained 214 points, and the Nasdaq advanced 0.8%, led by a 2.8% rally in Nvidia that briefly made it the most valuable publicly traded company. (TradingEconomics)
-Security Concerns-
1. Will Human Error Hand AI The Key To Our Destruction?: Artificial intelligence, once hailed as the great liberator of human productivity and ingenuity, is now moonlighting as a con artist, data thief, and spy. Whether we are willing to accept it or not, AI-powered cyberattacks are becoming disturbingly common and alarmingly sophisticated. The greatest virus we face isn’t malware. It’s apathy. Too many Americans still treat cybersecurity like flossing—important, sure, but something they’ll get around to eventually. Meanwhile, AI doesn’t wait. It doesn’t procrastinate. It hunts. (ZeroHedge)
2. Man pleads guilty to swatting spree impacting scores of government officials: The US DOJ said Monday that a 26-year-old Romanian man has pleaded guilty to a string of swatting and bomb threat incidents which impacted dozens of senior US government officials. Starting in late-2023, Thomas Szabo and members of a group he oversaw allegedly swatted or made bomb threats against at least 25 members of Congress or their family members; multiple cabinet-level officials; and at least 13 former or current senior federal law enforcement officials, including heads of multiple law enforcement agencies. (TheRecord) (AC-Though not likely supported by foreign influences, Szabo's actions reveal how the actions of a small group can sow chaos and disruption easily.)
-Technology and Science-
1. Pope Leo XIV wants to stop AI playing God: In 2025, Pope Leo XIV has made curtailing the risks of runaway AI a defining mission of his pontificate. In his first official address to cardinals, he warned of the dangers of AI to “human dignity, justice and labor.” Two days later, speaking to reporters, he lauded the “immense potential” of technology while cautioning that it requires responsibility “to ensure that it can be used for the good of all.” (Politico) (AC-Something surreal, familiar about the Pope lamenting the concept of AI playing God.)
-Bitcoin Community-
1. Paper Bitcoin? Community Raises Concerns About Custody Providers Engaging in Bitcoin Fractional Reserve Practices: While bitcoin has indeed surpassed its latest record price recently, some believe that the flurry of companies following Strategy’s playbook and purchasing thousands of bitcoin each day has the potential to swing the market upwards wildly. (BitcoinCom)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 62/100 (Down 2 pts)
Analyst Comments (AC): NSTR
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report