BTC Daily Intelligence Bulletin (DIB)
Block: 863,492
DTG/ICOD: 1200Z 30Sep24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: US Southeast is Disaster Area / Israel Strikes all Iranian Proxies / Russia and Ukraine Ramp it Up / Chemical Fire Near Atlanta / Longshoremen Strike Set to Begin Tomorrow / EL Salvador, Argentina Eschew Globalist Ideas / Fake Wallet App on Android Steals / Meta Stored Your Passwords in Plaintext / Truck With EV Batteries on Fire Shuts Down LA Port / SpaceX Rescue Mission to ISS
Market Data: Price: 1 BTC= $63,817, 24.18 oz Gold, .15 Median US House
24hr Hi: $66,806 / Lo: $63,273
Vol: $27B (Up 93%)
Mkt Cap: $1.26T (Down 3%)
HashRate: 602 EH/s
Avg Fee Rate: 14 sats/vBtye (Up 700%)
Nodes: 18,933
---Reports---
-International Events-
1. Rollup of Israel Conflict:
(Target Hezbollah): More than 100 people were killed across Lebanon by Israeli strikes on Sunday, according to the countryâs health ministry. Israeli Special Forces Launch Raids Into Lebanon Ahead of Possible Ground Incursion. A strike was carried out near the Kola intersection in central Beirut in the early hours of Monday morning, the first time Beirut has been hit outside the southern suburbs since 2006. (Guardian, WSJ)
(Target Hamas): The Israel Air Force struck a Hamas command and control center late on Sunday night, which was located in a former school within the northern Gaza Strip, Israel's military said shortly after the strike.(JPost)
(Target Houthis): Israeli Air Force strikes Houthi targets in Yemen with 'extensive' operation. The IDF said targets included power plants and a seaport used to import oil, "which were used by the Houthi terrorist regime to transfer Iranian weapons to the region, in addition to military supplies and oil." (Fox)
2. Russia downs over 100 Ukrainian drones: Russiaâs Ministry of Defense reported that it had shot down 125 drones overnight across seven regions. The southwestern region of Volgograd came under particularly heavy fire, with 67 Ukrainian drones reportedly downed by Russian air defenses. Elsewhere, 16 civilians were injured in an overnight barrage on the southern Ukrainian city of Zaporizhzhia after Ukrainian military leaders warned that Moscow could be preparing for a new military offensive in the countryâs south. (AP)
-US Events-
1. One storm, 95 dead and a 500-mile path of destruction. Now comes the hard work of recovering from Helene: At least 95 people have died across six states and officials believe there could be more. So far, state and county officials said 36 people died in North Carolina, 25 in South Carolina, 17 in Georgia, 11 in Florida, four in Tennessee and two in Virginia. Many more remain missing, perhaps unable to leave their location or unable to contact family where communications infrastructure is in shreds. Hundreds of roads remain closed, especially in the Carolinas, hampering the delivery of badly-needed supplies. And more than 2 million customers remain without power. (CNN)
2. A fire at a Georgia chemical plant forces evacuations and road closures: The fire broke out on the roof of BioLab in Conyers, Georgia, around 5 a.m. Water from what officials earlier described as a malfunctioned sprinkler head âcame in contact with a water reactive chemical and produced a plume,â county officials explained on their website. Conyers is about 30 miles east of Atlanta. The fire was put out around 4 p.m., Rockdale County Fire and Rescue Chief Marian McDaniel said, but the plume from the chemical reaction can still be seen for miles and is causing problems for area residents. The smoke may be visible for several days, she added. Air quality surveys conducted by state and federal agencies ârevealed the harmful irritant chlorineâ emitting from the facility, county officials said in a news release Monday morning. (CNN)
3. US East and Gulf Coast Ports Face Imminent Shutdown as Union Announces Intent to Strike: The International Longshoremenâs Association (ILA) on Sunday announced plans for a widespread strike at all Atlantic and Gulf Coast ports, scheduled to begin at 12:01 am on Tuesday, October 1, 2024. he strike would involve 85,000 ILA members and impact ports from Maine to Texas, the ILA said. Despite the high stakes, the Biden administration has indicated that the president does not plan to invoke the Taft-Hartley Act, a federal law that allows presidential intervention in labor disputes that create a national emergency. (QCaptian) (AC-The fact that the USG is not set to intervene indicates there is a political, and probable electoral, dimension to this strike.)
-Regulatory and Legal-
1. Argentina and El Salvador Fight Against the International Agenda: Argentina has parted ways with the United Nations Pact of the Future, commonly called the 2045 Agenda. The resolution, which was approved by 193 countries by the UN General Assembly in New York on Monday, includes 56 different actions engineered to face the âgreatest challenges of our time,â including social media censorship, artificial intelligence (AI) regulation, climate change, and the strengthening of global governance structures. Meanwhile, El Salvador President Nayib Bukele issued a warning about the path that the Western world is taking, highlighting that El Salvador could become a shelter for the upcoming ânew dark age.â (BitcoinCom)
-Central Bank Digital Currencies-
1. Is BRICSâ new gold-backed currency imminent?: While the gold-backed BRICS currency is still speculative, the idea comes from official statements and hints by members. For example, Russian Deputy Foreign Minister Sergei Ryabkov has spoken openly about the potential to use a gold-backed stablecoin to challenge U.S. dollar dominance. So, while there has been no official announcement yet, there have been hints from some BRICS big-wigs. The upcoming summit in Kazan is expected to shed light on the matter. (CoinGeek)
-Institutional Concerns-
1. BlackRock Bitcoin Holdings Grow to Nearly $24 Billion: BlackRock's Bitcoin holdings have surged to nearly $23.7 billion after recent acquisitions of $35 million in Bitcoin and $6.4 million in Ethereum. The asset manager's Ethereum reserves now total 350,000 ETH, valued at around $989 million. (Decrypt)
-Economic Indicators-
1. Week Ahead - Oct 1st: It will be a very busy week in the United States, with the labor market report and appearances by several Federal Reserve officials, including Chair Jerome Powell, taking center stage. Other key data to watch includes JOLTS job openings, ISM Manufacturing and Services PMI, and factory orders. (TradingEconomics)
-Security Incidents and Concerns-
1. Fake Wallet App on Android Steals Over $70K From Users: A fake WalletConnect app on Google Play Store stole over $70,000 in a phishing attack before being removed. The malware tricked users into authorizing transactions, accessing their funds, and was downloaded 10,000 times. (Decrypt)
2. Meta Fined âŹ91 Million for Storing Millions of Facebook and Instagram Passwords in Plaintext: In a statement shared with Associated Press, Meta said it took "immediate action" to fix the error, and that it "proactively flagged this issue" to the DPC. (HackerNews)
3. Truck With EV Batteries Caught Fire, Closing Down Port of Los Angeles, Long Beach, and Bridges: A truck hauling a load of electric vehicle batteries rolled over in Los Angeles and it saw an explosion following the accident, which led to the batteries catching fire and burning for an extended period. It took a long time for the Los Angeles Fire Department (LAFD) marshals to extinguish the EV batteries that caught on fire, with some still burning until now, according to reports. The LAFD also claimed that it was expected that the fire would run for as much as 24 to 48 hours, and has since led to authorities closing off the Port of Los Angeles and the nearby Port of Long Beach. (TechTimes)
-Technology and Science-
1. SpaceX Launches Rescue Mission For Two Stranded Boeing Starliner Astronauts On ISS: Elon Musk's space company launched a Falcon rocket from Cape Canaveral, Florida, on Saturday to rescue the stranded Boeing Starliner astronauts on the International Space Station. NASA astronaut Nick Hague and Russian cosmonaut Alexander Gorbunov are aboard the Dragon capsule and will reach the ISS on Sunday afternoon. (ZeroHedge)
-Bitcoin Community-
1. Bitcoin maximalist paradox: BTC adoption threatening founding principles: Bitcoin was created in response to the 2008 financial crisis as the peopleâs currency to bypass the manipulation and mismanagement of the financial systems by governments, financial institutions and special interest groups. Bitcoin has become increasingly concentrated among governments, exchange-traded funds dominated by financial institutions, corporations and whales . Today, 6.5% of total wallets hold 98% of Bitcoins. Somewhere along the way, an inherent paradox emerged within the Bitcoin maximalist community: Believing in the ideals and purpose of Bitcoin, yet celebrating and depending upon the very institutions Bitcoin was built to circumvent. (CoinTelegraph)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 61/100 (Even)
Analyst Comments (AC): The hurricane in the southeast is having surprising extended effects of the population. After the initial shock of the devastation, the response has been outnumbered by those in need and in bad situations. Roads into western NC are all down and power and water are still out in much of FL, GA, SC, NC, TN and VA. Government responses are simply inadequate and neighbors are stepping in to do the work. Volunteers and social media are simply saving lives. While this is occurring, the longshoremen strike is set to stop shipments into eastern ports and even a chemical fire near Atlanta is forcing a whole region to stay indoors, without AC, in 90 degree weather and many without power. The situation in not good in the southeast. If you are reading this, be proactive now and stock up food, water, medicines and supplies before thing get worse. Become one of those volunteers today and check in on others or help out where you can.
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report
