BTC Daily Intelligence Bulletin (DIB) Block: 858,521 DTG/ICOD: 1200Z 26Aug24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Telegram CEO Arrested in Paris / Israel, Hezbollah Exchange Heavy Fire / Syrian National Arrested for Stabbing in Germany / RFK Jr Drops Campaign, Supports Trump / USSS Agents Put on Admin Leave / Trump Looks to Nullify Abortion Concerns / Bitcoin Miners Raided in Thailand / Wyoming Looks to Issue Stablecoin / Fed Chair Signals Rate Cut, Stocks Up, BTC Up / MacOS Malware Targets Crypto Wallets / SpaceX Chosen to Rescue Stuck Astronauts / The 'Fight You' Stage Arrives Market Data: Price: 1 BTC= $63,931, 25.29 oz Gold, .15 Median US House 24hr Hi: $64,996 / Lo: $63,356 Vol: $21B (Up 9%) Mkt Cap: $1.26T (Even) HashRate: 660 EH/s Avg Fee Rate: 13 sats/vBtye (Up 187%) Nodes: 19,566 ---Reports--- -International Events- 1. Authorities extend detention of Telegram app founder Pavel Durov after Paris arrest: French judicial authorities on Sunday extended the detention of the Russian-born founder of Telegram, Pavel Durov, after his arrest at a Paris airport over alleged offences related to the messaging app. Durov is accused of failing to take action to curb the criminal use of his platform and was stopped after arriving in Paris from Baku on his private jet on Saturday night. Durov lives in Dubai, where Telegram is based, and holds citizenship of France and the United Arab Emirates (UAE). Rumble founder and CEO Chris Pavlovski said he “departed from Europe” after French police arrested Telegram’s CEO and the country “threatened” the video-sharing site. (TheGuardian/CoinTelegraph) 2. Hezbollah and Israel exchange heavy fire as Cairo peace talks end without deal: A round of high-level talks in Cairo meant to bring about a ceasefire and hostage deal to temporarily end the 10-month Israel-Hamas war in Gaza ended on Sunday without a final agreement, a US official said. Hezbollah claimed it had hit an Israeli military intelligence site near Tel Aviv as part of a barrage of hundreds of rockets and drones, while Israel claimed its dozens of strikes had been pre-emptive to avert a larger attack. (IndependentUK) 3. German feds take over festival stabbing case, citing suspected terrorism: A 26-year-old Syrian man turned himself in after a deadly attack at a festival. Officials are investigating him on suspicion of being an Islamic State member. Federal prosecutors on Sunday identified the suspect as Issa Al H. and said he is “strongly suspected of membership in a terrorist organization abroad” — referring to the Islamic State, which claimed responsibility for the assault Saturday. (WaPo) -US Events- 1. Robert F. Kennedy Jr. Drops Out of Presidential Race, Endorses Donald Trump: “I promised the American people that I would withdraw from the race if I became a spoiler,” Kennedy said at a rally here Friday. “In my heart, I no longer believe that I have a realistic path to electoral victory in the face of this relentless, systematic censorship and media control.” On Friday, Kennedy said he would seek to remove his name from the ballot in competitive battleground states—but leave it on others, letting voters back him in solid blue or solid red states where he wouldn’t affect the outcome. In some polling, RFK had around 5% of the vote, most of which may now go to Trump. (WSJ) 2. Several Secret Service employees put on administrative duties following Trump assassination attempt: Multiple Secret Service personnel from the Pittsburgh Field Office and one member of Donald Trump’s security detail involved in the advance planning for Trump’s July 13 rally have been reassigned to administrative duties and ordered to work from home, a source familiar with the matter tells CNN. (KCCIDesMoines) 3. Trump would veto federal abortion ban, JD Vance says — as campaign tries to ‘end the culture war’ over abortion: Republican vice presidential hopeful Sen. JD Vance indicated that former President Donald Trump would vote any federal legislation to ban abortion nationwide — yet another illustration of how the 45th president is seeking to distance himself from hardliners in his party on the wedge issue. ((NYPost) -Regulatory and Legal- 1. Thailand Seizes Illegal Bitcoin Mining Facility After Rampant Power Outages: The development marks the fourth time authorities have busted an illegal Bitcoin mining operation around the same region this year. It follows a recent high-profile clampdown that led to the seizure of 650 crypto-mining devices worth over $5 million and the arrest of three individuals. -Central Bank Digital Currencies- 1. Wyoming Aims to Launch 'Dollar-Dependent' Stablecoin in Q1 2025: Wyoming plans to launch a dollar-based stablecoin, the Wyoming Stable Token, in Q1 2025. The digital asset aims to provide faster and cheaper transactions for individuals and businesses in the state. Governor Mark Gordon emphasizes the importance of adopting this “dollar-dependent” stablecoin to stabilize the market and bring debt onshore. (BitcoinCom) (AC-This is an interesting development given the state's support of Bitcoin and crypto in recent times. This may prove to short-circuit CBDC efforts in the US and may have the effect of giving the populace a method to adopt digital transactions on a familiar currency. It could also have the effect of being a stepping stone to a CBDC.) -Institutional Concerns- 1. Bitcoin ETFs in US Saw a Significant Increase in Daily Net Inflows After Bullish Comments From Fed: U.S.-listed spot bitcoin exchange-traded funds (ETFs) experienced a surge in daily net inflows, reaching over $252 million on Friday, the highest level since July 23. This increase in inflows can be attributed to favorable comments made at the Jackson Hole symposium, which boosted risk assets, including bitcoin. Trading volumes for these ETFs also reached their highest level since July 19, with BlackRock's IBIT leading in both trading activity and inflows. (Decrypt) 2. Hong Kong Bitcoin ETFs Reach $256 Million in Assets Under Management: Hong Kong's three spot Bitcoin exchange-traded funds (ETFs) have reached over HK$2 billion in assets under management since their launch earlier this year. The largest of the Hong Kong Bitcoin ETFs is the ChinaAMC Bitcoin ETF, with over $142 million in net assets. (Decrypt) -Economic Indicators- 1. US 10-Year Yield Holds Decline: The yield on the US 10-year Treasury note held its recent decline to below 3.8% on Monday following dovish comments from the Federal Reserve chief. (TradingEconomics) 2. US Stocks Rise On Powell’s Rate Cut Signals: Stocks in the U.S. rallied on Friday, after Fed Chair Jerome Powell signaled that interest rate cuts are imminent, reinforcing expectations that the central bank will begin easing monetary policy in September. The S&P 500 rose 1.1%, the Dow Jones gained 462 points, and the Nasdaq advanced 1.4%. (TradingEconomics) 3. US New Home Sales Soars to Over 1-Year High: Sales of new single-family houses in the United States soared by 10.6% from the previous month to a seasonally adjusted 739 thousand homes in July of 2024, well above market expectations of a 1% increase. It was the sharpest increase in sales since 2022, and the highest number of homes since May 2023. (TradingEconomics) -Security Incidents and Concerns- 1. MacOS Malware 'Cthulu Stealer' Is Draining Crypto Wallets: According to a recent Cado Security report, this malware specifically targets macOS systems. Cthulhu Stealer is distributed as an Apple disk image (DMG) file, disguising itself as legitimate software such as CleanMyMac, Grand Theft Auto IV, or Adobe GenP, according to the Cado report. Upon execution, the malware uses osascript to prompt users for their system password and MetaMask credentials. It then creates a directory in '/Users/Shared/NW' to store stolen information. The malware's primary function is to extract credentials and cryptocurrency wallets from various sources, including browser cookies, game accounts, and multiple cryptocurrency wallets. (Decrypt) -Technology and Science- 1. Elon Musk’s SpaceX to Rescue Astronauts Stranded in Space on Boeing Starliner: NASA administrator Bill Nelson announced at a press conference on Saturday that astronauts Butch Wilmore and Sunita Williams will return to Earth in February of next year on the SpaceX Crew-9 mission. Wilmore and Williams have been stranded aboard the International Space Station (ISS) since their Starliner spacecraft experienced five thruster malfunctions and five helium leaks. The astronauts blasted off from Florida on June 5, and they were initially slated to return to Earth on June 13. Boeing employees labeled the decision to have SpaceX rescue the NASA astronauts as being “shameful.” (Breitbart) -Bitcoin Community- NSTR -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 55/100 (Up 21 pts) Analyst Comments (AC): The arrest of Pavel Druov has shaken freedom proponents in the social media domain, causing Rumble CEO to depart Europe and many others to signal support of Durov. The most obvious next freedom tech titan is Elon Musk, who also refuses to censor his platform X as Telegram was asked to do. The war against all freedom tech, from bitcoin to social media, seems to be ramping up both in the US and abroad. This is the 'fight you' phase of any paradigmatic change, and one long expected for bitcoin. One key indicator of the highly probable success of bitcoin and freedom tech is the number of 'martyrs' being created in both spaces, and yet support continues to rally, and the effort continues to grow, revealing an 'anti-fragile' nature. Now is the time to garner support for these efforts and to teach others of the shift to come, but also prepare for the fight at our doorstep and immediately ahead. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
What did the Petro Dollar system cost us? EVERYTHING. Watch this teaser of our interview with @preston from Ander’s Pleb Party The full interview will be released EXCLUSIVELY on Nostr Give us a follow and stay tuned
What did the Petro Dollar system cost us? EVERYTHING. Watch this teaser of our interview with @preston at Ander’s Pleb Party The full interview will be released EXCLUSIVELY on Nostr Give us a follow and stay tuned
BV SITREP 005 A Path to Freedom and Time.
BTC Daily Intelligence Bulletin (DIB) Block: 858,079 DTG/ICOD: 1200Z 23Aug24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Court Upholds Maduro's Victory / Nuke Plant in Kursk Threatened By Drones / SCOTUS Rules AZ Voters To Show Citizenship Proof / New COVID Vaccines Recommended by CDC / RFK Wins Ruling Against Biden Admin / DeFi Making Comeback / Myanmar Currency Quickly Debased / Crowdstrike Facing Lawsuits / Rise In Pig Butchering Con Games / US Wants to Flood Taiwan Strait With Drones Market Data: Price: 1 BTC= $60,818, 24.28 oz Gold, .14 Median US House 24hr Hi: $61,408 / Lo: $60,141 Vol: $24B (Down 30%) Mkt Cap: $1.2T (Down 1%) HashRate: 736 EH/s Avg Fee Rate: 5 sats/vBtye (Up 67%) Nodes: 19,259 ---Reports--- -International Events- 1. Venezuelan court upholds Maduro’s disputed victory: Venezuela’s highest court has upheld the re-election of Nicolás Maduro as president following accusations of widespread voter fraud in July's poll. The decision by the Supreme Tribunal of Justice (TSJ) comes as the United Nations warned that the court lacked independence and impartiality. Mr Maduro has led the country since 2013 and his re-election means he can serve another six-year term. (BBC) 2. IAEA's Grossi to visit Kursk nuclear plant after drone attack: The International Atomic Energy Agency (IAEA) said on Thursday its Director General Rafael Grossi will assess the situation at Kursk nuclear power plant during his visit next week. IAEA also said it had been informed by the Russian Federation that the remains of a drone had been found within the Kursk nuclear power plant. Acting Kursk Governor Alexei Smirnov told Putin the situation at the Kursk plant was "stable." (Reuters) -US Events- 1. Arizona can demand some voters prove citizenship, US supreme court rules: The US supreme court ruled Thursday that Arizona can partially enforce a new law that requires people to prove their citizenship in order to vote, but said the state cannot block them from voting for president or by mail as long as they used the federal voter registration form. The court’s emergency decision allows Arizona to require proof of citizenship from registrants who use the state’s voter registration form. But those who register using a federal voter registration form are still eligible to vote for president. The court also left in place a lower court injunction barring those who do not provide proof of citizenship from voting by mail for president. (TheGuardian) 2. FDA approves updated Pfizer, Moderna Covid vaccines as virus surges; shots to be available within days: The jabs target a strain called KP.2, a descendant of the highly contagious omicron subvariant JN.1 that began circulating widely in the U.S. earlier this year. The CDC recommended that everyone over 6 months old receive an updated Covid vaccine this year. Meanwhile, the CDC said about four people are being hospitalized for Covid for every 100,000 people in a given area. (CNBC) (AC-Even if the reader does not give credence to CDC/Big Pharma announcements like this, it is important to know that some do and whom may not know the risk/reward ratio of these vaccines.) 3. Judge Rules RFK Jr. Can Sue Biden Admin Over Censorship After Supreme Court Rejects Challenge From States: A federal judge on Tuesday ruled that Robert F. Kennedy Jr. can continue to pursue his lawsuit against the Biden administration over censorship at the direction of the government. According to District Court Judge Terry Doughty, Kennedy meets the standard set by the Supreme Court because there is "ample evidence" to show he was censored at the direction of government actors, and is at "substantial risk" that the censorship will continue. Kennedy was named by one of the "Disinformation Dozen" - and was specifically targeted by the government over what they alleged was COVID-19 misinformation, and "The Court finds that there is further risk for future risk injury here because Kennedy is a 2024 presidential candidate," wrote Doughty. (ZeroHedge) (AC-An interesting turn of events for RFK as we await his pending announcement today. This ruling could affect his potential drop-out and support of Trump.) -Regulatory and Legal- 1. DeFi Is Set to Make a Comeback As Interest Rates, Stablecoin Supply Drive Its Resurgence: According to a report by Steno Research, decentralized finance (DeFi) is expected to make a comeback, with the total value locked (TVL) in the crypto ecosystem potentially reaching an all-time high in the first half of next year. The resurgence of DeFi is linked to interest rates, particularly in the U.S., as they influence the appeal of decentralized financial markets. Additionally, factors such as the growth in stablecoin supply and the continued expansion of real-world assets contribute to the revival of DeFi. (Decreypt) (AC-Ugh!) -Central Bank Digital Currencies- NSTR -Institutional Concerns- 1. El Salvador adds 162 Bitcoins to national holdings: A cold wallet reportedly owned by the Salvadoran government has been buying one Bitcoin everyday since March 16, adding 162 coins to the country’s Bitcoin holdings. (CryptoNews) -Economic Indicators- 1. US 10-Year Treasury Note Yield Steady Ahead Powell Speech: The yield on the US 10-year Treasury note stabilized at 3.85% on Friday, after briefly dipping to a 14-month low of 3.8% earlier in the week. Markets are closely watching to gauge the scale of potential rate cuts by the Federal Reserve this year. Fed Chairman Jerome Powell is set to speak at the Jackson Hole Economic Symposium. (TradingEconomics) 2. US Initial Jobless Claims Rise More than Expected: The number of people claiming unemployment benefits in the US rose by 4,000 from the previous week to 232,000 on the period ending August 17th, slightly ahead of market expectations of 230,000 to mark a three-week high. (TradingEconomics) 3. Myanmar households crippled as currency tumbles to record low: The Myanmar kyat has been extremely volatile in recent days, plunging to a low of 7,500 to the dollar in the black-market last week from 5,000 earlier in the month The plunge followed reports that the Myanmar junta was printing more kyat to prop up the currency, two traders said. “People are frantically buying (Thai) baht and selling kyat,” said a money transfer agent in Thailand. (AsashiShimbun) (AC- For those who study currencies and economics, the lessons come from around the world.) -Security Incidents and Concerns- 1. CrowdStrike Faces Lawsuits From Customers, Investors: CrowdStrike (NASDAQ: CRWD) is facing lawsuits from investors and customers following the incident that caused massive global outages, but some believe the company is likely shielded from legal action. Roughly 8.5 million Windows devices worldwide entered a Blue Screen of Death (BSOD) loop on July 19 after CrowdStrike pushed out a bad update that was not properly tested. (SecurityWeek) 2. Pig Butchering Crypto Scams On The Rise: FBI Recovered $5 Million: Pig Butchering crypto scams have become the new preference of fraudsters where they pretend to be acquaintances, friends, or romantic partners. They make contacts and get close with the victim, running the fraud for weeks or even months, convincing the victim to invest in the scammer’s crypto. Once the victim invests, the scammers show sudden losses to ask for more or simply disappear. (CoinGape) -Technology and Science- 1. AI drone ‘hellscape’ plan for Taiwan: The US army plans to combat a Chinese invasion of Taiwan by flooding the narrow Taiwan Strait with swarms of thousands and thousands of autonomous drones. “I want to turn the Taiwan Strait into an unmanned hellscape using a number of classified capabilities so that I can make their lives utterly miserable for a month, which buys me the time for the rest of everything,” US Indo-Pacific Command chief Navy Admiral Samuel Paparo told the Washington Post. (CoinTelegraph) -Bitcoin Community- 1. Bybit emerges as dominant exchange with $2.5 billion BTC spot volume: Bybit's recent surge to a $2.5 billion spot volume on Aug. 22 has stunned the crypto community, consistently outperforming even the behemoth Binance in daily volumes. (CryptoSlate) 2. Bitcoin Fees Surge Above $100 as Native Staking Protocol Launches: Babylon Labs' launch of native staking capabilities for Bitcoin caused a surge in transaction fees early Thursday, with the median cost per transaction peaking at $132. Users rushed to stake their Bitcoin, leading to a fee bidding war and increased costs. Despite the inconvenience for standard Bitcoin users, this fee spike may benefit miners struggling in the current climate. (Decrypt) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 34/100 (Down 5 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BV SITREP with @Lawrence Lepard Market Manipulation and the Fragility of the Financial System
BTC Daily Intelligence Bulletin (DIB) Block: 857,908 DTG/ICOD: 1200Z 22Aug24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Greek Oil Tanker Burning, Adrift in Red Sea / Recovery Ops Continue in Superyacht Saga / Canada's Railroads to Shutdown Over Labor Talks, Far-Reaching Effects / RFJ Jr. May Drop Out Soon / Protests Get Violent in Chicago / Crypto Companies Contributing the Most to Politicians / CBDCs Only Issued in 4 Countries / Major Revision in Jobs Data / Hope Rising for Fed Rate Cuts / Australia Cracks Down on Scammers / Bitcoin, Not Crypto Explained Market Data: Price: 1 BTC= $61,185, 24.54 oz Gold, .14 Median US House 24hr Hi: $61,834 / Lo: $58,893 Vol: $35B (Up 32%) Mkt Cap: $1.21T (Up 3%) HashRate: 682 EH/s Avg Fee Rate: 3 sats/vBtye (Down 40%) Nodes: 19,104 ---Reports--- -International Events- 1. Greek oil tanker on fire and adrift after multiple attacks in Red Sea: A crew of 25 has been rescued from a Greek-flagged oil tanker after it caught fire after multiple attacks in the Red Sea. The Sounion was attacked by more than a dozen people on two small boats who fired multiple projectiles at the ship when it was about 77 nautical miles (143km) west of Yemen’s port city of Hodeidah on Wednesday morning. (AlJazeera) 2. Five bodies recovered in wreckage of superyacht that sank off Sicily: British technology entrepreneur Mike Lynch and his 18-year-old daughter Hannah, Morgan Stanley International Chair Jonathan Bloomer and his wife Judy Bloomer, and Clifford Chance lawyer Chris Morvillo and his wife Neda Morvillo were all reported missing after a luxury yacht they were on board sank. According to reports from eyewitnesses and survivors, the ship was violently rocked by a storm at around 4 a.m. local time on Monday while it was anchored near the Sicilian port of Porticello. It sank rapidly after capsizing. (CNBC) (AC-Rumors are swirling around this story and is great fodder for the conspiracy-minded thinker. There are certainly many questions raised in this uncanny series of events.) 3. Canada’s Railroads Lock Out 9,000 Employees as Labor Talks Break Down: Canada’s two main railroads locked out over 9,000 employees Thursday after they were unable to reach new labor deals with a Teamsters union, the start of a work stoppage that threatens to stanch hundreds of millions of dollars in daily cross-border trade and upend North American supply chains. Experts warned the actions would throttle businesses from retailers to automakers and even reach into commuter trains that use tracks operated by the freight railroads. (WSJ) (AC-This development will have far-reaching effects in Canada and the US, from hazardous materials, to grain shipments, meat producers and much more.) -US Events- 1. RFK Jr. expected to drop out of race by end of week, plans to endorse Trump: Sources cautioned the decision is not yet finalized and could still change, with one possible scenario being discussed is for Kennedy to appear on stage with Trump at an event in Phoenix on Friday. (ABC) 2. 60 violent anti-Israel protesters arrested after second night of DNC descended into chaos: Chicago police arrested around 60 anti-Israel demonstrators on the second night of the Democratic National Convention — many from out of state — when an illegal march following a protest outside the Israeli consulate turned violent. “Last night was a danger to our city, and a danger to our citizens in this city,” Chicago Police Superintendent Larry Snelling said. (NYPost) -Regulatory and Legal- 1. Coinbase and Ripple Become Largest Corporate Political Contributors in 2024 US Congressional Races: Major crypto companies, including Coinbase and Ripple, have become the largest corporate political contributors, donating a significant portion of the $248 million to candidates ahead of the upcoming U.S. presidential election. (Decrypt) (AC-Both companies have specific agendas, with Ripple being known for advocating for CBDCs based on their technology.) -Central Bank Digital Currencies- 1. The Race To Issue CBDC: A quick glance at this handy CBDC Tracker shows there are four official CBDCs up and running in the world, with the first one launching way back in 2020 when the Bahamas introduced the "Sand Dollar". Other CBDCs include Nigeria's eNaira, which is used by more than 13 million Nigerians, Jamaica's Jam-Dex digital currency, which launched in July 2022, and the Eastern Caribbean Union's DCash, which debuted in April 2021. We're yet to see any major economy launch a CBDC, but imminent possibilities include Sweden, and in the Middle East, Israel is definitely getting closer to the launch of its long-awaited digital Shekel. (UToday) -Institutional Concerns- 1. Bitcoin ETFs attract $39.4m in inflows as Ether ETFs struggle with fifth consecutive day of outflows:Grayscale’s mini Bitcoin trust led the charge with reported inflows of $14.2 million following three days of no activity. Fidelity’s FBTC and Bitwise’s BITB followed next with inflows of $10.7 million and $10 million, respectively. (CryptoNews) -Economic Indicators- 1. US Job Growth Revised Down by 818,000: The Bureau of Labor Statistics' recent revision showed that US job growth for the year ending in March 2024 was weaker than initially reported, with 818,000 fewer jobs added. This significant downward adjustment suggests that the job market was cooling more rapidly than previously believed, averaging about 68,000 fewer jobs per month. (TradingEconomics) 2. US Futures Point to Higher Open: US stock futures edged higher on Thursday as investors anticipated comments from Federal Reserve Chair Jerome Powell, expected later in the week. (TradingEconomics) -Security Incidents and Concerns- 1. 615 Crypto Scam Sites Dismantled by Australian Regulator: he Australian Securities and Investments Commission (ASIC) has shut down more than 7,300 phishing and investment scam websites, including 615 targeting cryptocurrency. The regulator noted that collaboration with other agencies and advanced detection techniques have enabled ASIC to swiftly take down scams, contributing to the $1.3 billion in financial losses reported by Australians in 2023. (BitcoinCom) 2. Man sentenced for hacking state registry to fake his own death: A 39-year old man from Somerset, Kentucky, was sentenced to 81 months in federal prison for identity theft and faking his own death in government registry systems. The reason behind the intrusion was to avoid paying child support obligations. (BleepinngComputer) 3. QR Code Scams: TN Attorney General Issues Warning:The Tennessee Attorney General’s Office has issued a QR code scam alert, warning consumers about fraudulent QR codes used in various scams, including fake cryptocurrency investments. Consumers are urged to verify sources, check codes for tampering, and use secure scanner apps. (BitcoinCom) -Technology and Science- NSTR -Bitcoin Community- 1. The ‘Bitcoin, Not Crypto’ Debate: Why Words Matter: For those new to the space, it might seem that "crypto" and "bitcoin" are interchangeable terms, but they are not. This seemingly minor distinction carries significant weight and implications for understanding the broader ecosystem of cryptographically secured assets. The distinction between bitcoin and other forms of crypto is not just semantic—it's ideological. (Forbes) (AC-This full article is spot-on for explaining the key distinction of Bitcoin vs. Crypto to newcomers to the space. Well-written by a Penn State Professor, bitcoiners might want to copy this article to share with new learners.) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 39/100 (Up 10 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 857,755 DTG/ICOD: 1200Z 21Aug24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Ukraine Launches Large Drone Attack on Moscow / Ship Unresponsive After Houthi Missiles in Red Sea / China Protests US Concern in South China Sea / Obamas Speak at DNC / RFK Considers Dropping Out / Germany Seizes Bitcoin ATMs / Mt Gox Moves $784M Worth Of Bitcoin / Gold, Silver Hitting Highs / US Intel Says Iran Hacked Trump / AI Puts Pressure on Energy Sector / El Salvador Launches Bitcoin Certification for Gov Employees / BTC HODLers Keep HOLDing Market Data: Price: 1 BTC= $59,349, 23.63 oz Gold, .14 Median US House 24hr Hi: $61,396 / Lo: $58,109 Vol: $26B (Down 4%) Mkt Cap: $1.17T (Down 2%) HashRate: 576 EH/s Avg Fee Rate: 5 sats/vBtye (Up 60%) Nodes: 19,494 ---Reports--- -International Events- 1. Ukraine attacks Moscow in one of largest ever drone attacks on the Russian capital: Ukraine attacked Moscow on Wednesday with at least 11 drones shot down by air defences in what Russian officials said was one of the biggest drone strikes on the capital since the war in Ukraine began in February 2022. Russian media showed unverified footage of drones whirring over the dawn sky of the Moscow region and then being shot down in a ball of flame by air defences. Moscow's airports Vnukovo, Domodedovo and Zhukovsky limited flights for four hours but were restarted normal operations. There were no injuries or damage reported in the aftermath of the attacks. (Reuters) 2. Ship hit by suspected Houthi missiles in Red Sea, leaving vessel "not under command," U.K. military says: The attack saw men on small boats first open fire with small arms. The ship also was hit by three projectiles. "The vessel reports being not under command," the UKMTO said, likely meaning it lost all power. "No casualties reported." (CBS) 3. China says US has ‘no right to intervene’ in South China Sea disputes: Both countries said on Monday that their coast guard ships had collided near the disputed Sabina Shoal. China claims almost the entire South China Sea despite an international tribunal ruling that its assertion has no legal basis. Chinese spokesman Mao Ning said, "The US is not a party in the South China Sea and has no right to intervene in maritime disputes between China and the Philippines,” Mao told a regular briefing. “The US should stop provoking confrontation in the South China Sea, not disrupt regional stability and not escalate tensions,” Mao said. (AFP) -US Events- 1. Obamas electrify Democrats at Chicago convention: In the choreography of the convention, the Obamas played the role of charismatic figures charged with inspiring those at the Democrats’ gathering and beyond to power Harris to victory in the two months remaining before Election Day. (WaPost) 2. RFK Jr. considering dropping out to ‘join forces’ with Trump: Shortly after the revelation, Trump declared that he would be “certainly” open to giving the Kennedy scion a post in his administration. “There’s two options that we’re looking at, and one is staying in, forming that new party, but we run the risk of a Kamala Harris and [Tim] Walz presidency because we draw votes from Trump,” (NYPost) -Regulatory and Legal- 1. Germany seizes $28 million in raid on unlicensed crypto ATMs: The sting was carried out on Aug. 20 and targeted 35 locations where crypto ATMs were reportedly being operated without the necessary licensing. Crypto ATMs, which enable users to buy and sell cryptocurrencies such as Bitcoin with cash or debit cards, fall under the jurisdiction of Germany’s Banking Act. German officials warned that crypto ATMs could become hotspots for criminal activities if operators do not enforce adequate Know Your Customer (KYC) protocols, particularly for transactions exceeding 10,000 euros. (CryptoSlate) -Central Bank Digital Currencies- NSTR -Institutional Concerns- 1. Mt. Gox transfers $784 million in Bitcoin, fueling distribution rumors: Mt. Gox shifts 13,265 BTC; only 1,265 BTC likely for distribution, analyst posits. Currently, Mt. Gox holds 45,000 BTC after having distributed 97,000 of the original 142,000 BTC. (CryptoSlate) 2. Spot Bitcoin ETFs net $88m in inflows, spot Ether ETFs outflows see slowdown: BlackRock’s IBIT recorded the highest inflows with $55.4 million, bringing its total inflow since launch to $20.53 billion. It was the only fund to record a second consecutive day of inflows. ARK 21Shares’s ARKB followed with inflows of $51.9 million following a day of no activity. (CryptoNews) -Economic Indicators- 1. Gold Shatters Records as Investors Brace for Economic Turbulence: Precious metals prices are on the move again, with gold hitting a new peak of $2,564 during Tuesday’s trading sessions. As of now, gold is being traded at $2,527 per ounce, while silver has climbed more than 6% this week, currently standing at $29.68 per ounce. (BitcoinCom) 2. Dollar Sinks to Year-to-Date Lows: The dollar index traded below 101.5 on Wednesday, sinking to its lowest levels this year as investors awaited updates from the Federal Reserve to gauge the timing and magnitude of expected interest rate cuts. (TradingEconomics) -Security Incidents and Concerns- 1. US intelligence officials say Iran behind Trump campaign hack: In a joint statement, the FBI, the Office of the Director of National Intelligence and the Cybersecurity and Infrastructure Security Agency said it attributed “recently reported activities to compromise former President Trump’s campaign” to Iran, and that the intelligence community is “confident that the Iranians have through social engineering and other efforts sought access to individuals with direct access to the presidential campaigns of both political parties”. (TheGuardian) -Technology and Science- 1. Growth in artificial intelligence puts pressure on energy generation: “We’re in (a) precarious position,” said Geoff Marke, chief economist with the Missouri Office of Public Counsel. “We don’t have enough generation to meet our load before we start talking about AI data centers coming online.” The energy industry is experiencing seismic change. Coal plants are retiring and renewable generation is coming online. However, its reliance on the sun and wind tend to make it less consistent. Boston Consulting Group analysis shows that data center electricity consumption is expected to triple by 2030 — to 7.5% of total U.S. energy consumption, comparable to the power needs of 40 million households. (LakeGazette) -Bitcoin Community- 1. El Salvador launches Bitcoin certifications for civil servants: The National Bitcoin Office (ONBTC) of El Salvador will train and provide Bitcoin instruction and certifications to 80,000 government employees. The 160-hour virtual and asynchronous training session — Certification in Public Administration 1 — is divided into seven modules, each detailing several concepts, laws, skills and management related to the use of Bitcoin as legal tender. (CoinTelegraph) 2. A Strong HODLing Trend Emerges in Bitcoin: Nearly 75% of all circulating Bitcoin has remained dormant for over six months. Consistently buying and holding Bitcoin over time, rather than attempting to time the market, aligns with the behavior of those who have historically seen the most significant gains holding Bitcoin. (ZeroHedge) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 29/100 (Down 1 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
Episode 56 The Way of Men
BV SITREP 20AUG2024