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BTC Daily Intelligence Bulletin (DIB)
Block: 850,372
DTG/ICOD: 1200Z 02Jul24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: First Cat 5 Hurricane Eyes Jamaica / Ukraine Air Bases Struck Before F-16s Arrive, US Bases on High Alert / SCOTUS Immunity Ruling Confounds Lawfare Strategy / SCOTUS Chevron Ruling May Untangle Digital Asset Mess / Imagery Reveals China Listening Posts in Cuba / Judge Rules Biden Cannot Stop LNG Exports / Bolivia Says Bitcoin Now OK / Sony Starts Bitcoin Exchange in Japan / Coinbase Chosen to Custody and Sell USG Bitcoin

Market Data: Price: 1 BTC= $62,668, 26.90 oz Gold, .15 Median US House
24hr Hi: $63,777 / Lo: $62,367
Vol: $22B (Up 3%)
Mkt Cap: $1.23T (Even)
HashRate: 611 EH/s
Avg Fee Rate: 14 sats/vBtye (Up 81%)
Nodes: 19,034

---Reports---
-International Events-
1. Hurricane Beryl barrels toward Jamaica as category 5 storm after ‘flattening’ Grenada island: The hurricane was located about 695 miles (1,118km) east-southeast of Kingston, Jamaica, packing maximum sustained winds of 165mph (270km/h), the National Hurricane Centre said. (IndependentUK)

2. At least nine killed in Seoul as car ploughs into crowd: As reported by Yonhap news agency, a man believed to be in his 60s drove the vehicle into pedestrians waiting at a traffic stop. Police said the accident took place at an intersection near Seoul city hall. The driver in question, who was arrested at the scene, reportedly told the police the car suddenly accelerated. (BBC)

3. Ukrainian air base under frequent fire as Russia aims at F-16 arrivals: The June 27 attack was a stark reminder of the challenges Kyiv faces as it rebuilds its depleted air force and deploys the first U.S.-designed F-16s - fighter aircraft that Russia will be determined to ground or destroy. The first planes are expected to arrive this month, although the location of the basing has not been released. (Reuters)

4. Several US military bases in Europe put on heightened state of alert, US officials say: The alert level of Force Protection Condition (FPCON) "Charlie" was put in place over the weekend, according to two U.S. officials. "For operational security reasons, we will not get into specific measures, but we remain vigilant," EUCOM wrote, in part. (ABC) (AC-Other sources speculate that his is in relation to Russian concerns over the F-16s being delivered to Ukraine.)

-US Events-
1. How the blockbuster Supreme Court presidential immunity ruling impacts the Biden-Trump 2024 rematch: A highly anticipated ruling by the Supreme Court that former presidents enjoy wide-ranging immunity for their official acts while in the White House was repeatedly praised by former President Trump yesterday. The ruling on Monday means that the trial judge in the lower court case against Trump will now have to hold hearings on whether the charges against Trump were based on official acts by the then-president or unofficial ones. That process will take time, and it's extremely unlikely Trump will go on trial for trying to overturn the 2020 election before voters cast ballots in the 2024 rematch. (Fox)

2. Satellite Images Show Expansion of Suspected Chinese Spy Bases in Cuba: Analysts identified four electronic eavesdropping stations, including a previously unreported site near a U.S. naval base. (WSJ)

3. Judge Orders Biden Administration to Resume Permits for Gas Exports: A federal judge on Monday ordered the Biden administration to resume issuing permits for new liquefied natural gas export facilities after the government had paused that process in January to analyze how those exports affect climate change, the economy and national security. The decision, from the United States District Court for the Western District of Louisiana, comes in response to a lawsuit from 16 Republican state attorneys general, who argued that the pause amounted to a ban that harmed their states’ economies. (NYT)

-Regulatory and Legal-
1. Central Bank of Bolivia Unbans Bitcoin From the Nation’s Financial Ecosystem: The Central Bank of Bolivia has lifted a blanket ban that kept financial institutions from serving crypto-related transactions. With Resolution N°082/2024, issued on Tuesday, the bank lifts any prohibition related to these assets, opening the door for the intermediation of institutions to complete payments to acquire these assets. (BitcoinCom)

2. Supreme Court's Chevron Decision Curtails SEC Chair Gensler's Regulatory Abuses, Says Congressman: Congressman Tom Emmer has stated that the Supreme Court’s decision to overturn Chevron deference significantly limits “the regulatory abuses” of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The ruling is seen as a game changer for the crypto industry and other tech sectors, promising more predictable and grounded regulations. (BItcoinCom)

-Central Bank Digital Currencies-
1. Bahamas wants to force banks to support its ‘Sand Dollar’ CBDC: The Bahamas is preparing to introduce legislation requiring commercial banks to support its “Sand Dollar” central bank digital currency (CBDC) and hopefully boost its adoption. The Bahamas was one of the first countries in the world to launch a central bank digital currency — the “Sand Dollar” in 2020 — and is now looking for ways to boost its adoption. (CoinTelegraph)

-Institutional Concerns-
1. US spot bitcoin ETFs report $130 million in net inflows, largest influx in three weeks: The 11 U.S. spot bitcoin exchange-traded funds saw total daily net inflows of $129.45 million on Monday, reporting their fifth consecutive day of positive flows. Monday’s net inflows also marked the largest fund intake the ETFs have seen since June 7. Fidelity’s FBTC led the inflows yesterday with $65 million, followed by Bitwise’s BITB, which recorded $41 million. (CoinMarketCap)

2. $105 Billion Electronics Giant Sony To Launch New Bitcoin Exchange: Sony Group is preparing to launch a Bitcoin and crypto exchange in Japan after acquiring Amber Group's local subsidiary, Amber Japan. The revamped exchange will be called S.BLOX and aim to boost Sony's presence in the Bitcoin and crypto space. (BitcoinMag)

-Economic Indicators-
1. US Stocks Kick-Off 2nd Half of 2024 Higher: Stocks in the US closed higher to start the second half of the year. The S&P 500 gained 0.3%, the Dow Jones added 50 points, and the Nasdaq rose 0.8% thanks to strong performances from tech giants like Apple (+2.9%), Amazon (+2%), and Microsoft (+2.2%). Nvidia rebounded (+0.6%) while other chip makers' stocks fell such as AMD (-2.8%) and Arm (-2.9%) dropped. (TradingEconomics)

2. US Factory Activity Shrinks Faster: The ISM Manufacturing PMI unexpectedly declined to 48.5 in June 2024 from 48.7 in May, below forecasts of 49.1. The reading pointed to a third straight month of falling manufacturing activity and the lowest since February. (TradingEconomics)

-Security Incidents and Concerns-
1. Australian Man Charged for Fake Wi-Fi Scam on Domestic Flights: The unnamed 42-year-old "allegedly established fake free Wi-Fi access points, which mimicked legitimate networks, to capture personal data from unsuspecting victims who mistakenly connected to them." The individual is said to have staged what's called an evil twin Wi-Fi attack across various locations, including domestic flights and airports in Perth, Melbourne, and Adelaide. "The email and password details harvested could be used to access more personal information, including a victim's online communications, stored images and videos, or bank details," the AFP said. (HackerNews)

-Technology-
1. China's Stealth Fighter Aircraft Supports Detachable Wings That Transforms Into Drones: The China Aerodynamics Research and Development Centre (CARDC) successfully tested the new stealth fighter, and said that each drone is powered by electric ducted fans. The aircraft and its drones managed to stay in the air despite the drone separation maneuver during the test flight, which allegedly caused flight instability due to the aerodynamic shift. (TechTimes)

-Bitcoin Community-
1. Coinbase Bags $32 Million Contract From DOJ For Handling Confiscated Crypto: In a significant development, the US Department of Justice’s asset forfeiture division, the US Marshal Service, has chosen Coinbase as its custody provider for large-cap digital assets. Coinbase emphasized its longstanding history of supporting law enforcement agencies and its collaborations with major federal, state, and local agencies in the US, as well as international agencies worldwide. (Bitcoinist)

-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 53/100 (Up 5 pts)

Analyst Comments (AC): NSTR

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