BTC Daily Intelligence Bulletin (DIB) Block: 871,910 DTG/ICOD: 1200Z 25Nov24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: UAE Arrests Three in Rabbi's Death / Possible Lebanon-Israel Peace Deal / US-Japan Plan for Taiwan 'Emergency' / Trump Completes Key Cabinet Picks / AZ County Treasurer Guilty on $38M Theft / Huge Gold Deposit Found in China / MicroStrategy on Track to Own 4% of all Bitcoin / Bitcoin-Backed Loans Coming / Neighbor's WiFi Could be Used To Hack You / El Salvador May Rent out Volcanos For Mining Market Data: Price: 1 BTC= $97,550, 36.48 oz Gold, .23 Median US House 24hr Hi: $98,935 / Lo: $95,788 Vol: $55B (Up 17%) Mkt Cap: $1.93T (Even) HashRate: 756 EH/s Avg Fee Rate: 6 sats/vBtye (Down 40%) Nodes: 19,033 ---Reports--- -International Events- 1. The UAE arrests 3 Uzbek nationals for the killing of an Israeli-Moldovan rabbi: Zvi Kogan, 28, an ultra-Orthodox rabbi who went missing on Thursday, ran a kosher grocery store in the futuristic city of Dubai, where Israelis have flocked for commerce and tourism since the two countries forged diplomatic ties in the 2020 Abraham Accords. In a statement Sunday, U.S. National Security Council spokesperson Sean Savett called Kogan’s killing “a horrific crime against all those who stand for peace, tolerance, and coexistence.” (AP) 2. Israeli prime minister approves Lebanon ceasefire deal ‘in principle,’ source says: Israel still has reservations over some details of the agreement, which are still being negotiated and multiple sources stressed that the agreement will not be final until all issues are resolved. A ceasefire agreement will also need to be approved by the Israeli cabinet. (CNN) 3. Japan, US to form missile plan in case of Taiwan emergency, Kyodo says: The United States is creating military contingency plans for Japan and the Philippines in case of a Taiwan emergency, according to Kyodo news agency. Missile units will be deployed at temporary bases in Japan and the Philippines as part of a June joint operation plan with Japan to address Taiwan and China. Japan and the United States are enhancing defense cooperation amid threats from China's military buildup and North Korea's nuclear development. (GroundNews) -US Events- 1. After a Friday night flurry, Trump’s Cabinet is complete: Just two and a half weeks since Election Day, Trump has announced names for 20 key administration roles, including leaders for all 15 executive agencies. Overall, Trump will have to make about 4,000 political appointments, approximately 1,200 of which will require Senate confirmation. The velocity and volume of this process stand in contrast to Trump’s last transition, when he leaned on his more experienced team to make a steady stream of establishment selections. This time around, his appointments escalated into a fire hose as Trump, armed with hindsight and empowered by the GOP, has named anti-establishment loyalists to top positions.(Politico) 2. Arizona county treasurer pleads guilty to embezzling more than $38 million for personal expenses: A former county treasurer pleaded guilty on Thursday to charges of embezzlement by a public official, money laundering and tax evasion after stealing more than $38 million in county funds between 2012 and 2024 to renovate her ranches, buy at least 20 cars and pay for personal expenses for herself and her family. (CNN) -Regulatory and Legal- NSTR -Central Bank Digital Currencies/World Currencies- 1. China Discovers 1,000-Tonne Gold Deposit in Hunan Province: Chinese geological authorities have discovered a massive gold deposit containing over 1,000 tonnes of gold worth $83 billion in Hunan Province's Wangu field, with high-grade ore and potential for additional finds in surrounding areas. (Blockonomi) (AC-Gold supply is NOT fixed.) -Institutional Concerns- 1. MicroStrategy on track to own 4% of all bitcoin over next decade: Analysts at research and brokerage firm Bernstein said they expect business intelligence firm MicroStrategy’s bitcoin ownership to rise from 1.7% of the circulating supply to 4% over the next decade, updating their price target for MSTR to $600 by the end of 2025. In their “base case” scenario of MicroStrategy acquiring 4% of bitcoin’s circulating supply by the end of 2033, the firm would hold approximately 830,000, or $830 billion worth of the cryptocurrency at a price of $1 million per bitcoin, the analysts said. (TheBlock) 2. Cantor Fitzgerald and Tether Are Discussing a Bitcoin-backed Lending Program: Cantor Fitzgerald is in talks for a Bitcoin-backed lending program with Tether, allowing clients to use Bitcoin as collateral to borrow dollars. The program, starting at $2 billion, may expand as crypto adoption grows, deepening the Wall Street-crypto relationship. (Decrypt) -Economic Indicators- 1. Dollar Falls as Trump Nominates Bessent for Treasury: The dollar index fell 0.6%, the most in 2 weeks to below 107 on Monday, retreating from two-year highs after US President-elect Donald Trump nominated hedge fund manager Scott Bessent for Treasury Secretary, providing a sense of stability to investors. While Bessent has indicated support for Trump’s tariff and tax cut plans, markets anticipate that he will prioritize economic and market stability over swift policy changes. (TradingEconomics) -Security Incidents and Concerns- 1. Elite Russian Hackers Use Neighbor's Wi-Fi for Spy Game Masterpiece: Hackers were able to attack and discovered that there's a technique to infiltrate the Wi-Fi without being caught. Accounts were protected on web services using 2FA but were not using 2FA on the Wi-Fi network, revealing an important security vulnerability. "This is a fascinating attack where a foreign adversary essentially conducted a close access operation while being physically quite far away," (TechTimes) -Technology and Science- 1. Senators call for audit of TSA’s facial recognition tech as use expands in airports: A bipartisan group of 12 senators on Wednesday sent the Department of Homeland Security’s (DHS) inspector general a letter expressing alarm over the widespread use of facial recognition technology at American airports without an audit of privacy protections or any third-party assessment of the technology’s accuracy. The senators questioned whether facial recognition technology is necessary at all, since TSA already uses devices known as CAT-1 scanners — which don’t take images of faces — to determine if passengers’ identification is fake. (RecordedFuture) -Bitcoin Community- 1. El Salvador toys with renting 170 volcanoes to Bitcoin miners, aims to disrupt industry: The idea, shared in a Nov. 25 social media post on X (formerly Twitter), suggests that miners could tap into the geothermal energy produced by these natural wonders for sustainable Bitcoin mining. “With 170 volcanoes…a ‘rent your volcano to mine Bitcoin’ program might actually make sense.” Bukle posted on X. (CryptoState) 2. Metaplanet Finalizes Exclusive License for Bitcoin Magazine Japan, Aiming to Drive Bitcoin Adoption Across Japan. (Metaplanet X Post) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 82/100 (Down 12 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: 871,493 DTG/ICOD: 1200Z 22Nov24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Iran Activating Nuke Centrifuges / US Drops New Sanctions on Russian Banks / Trudeau Looks to Buy Votes / Gaetz Bows Out, Pam Bondi Nominated for AG / FUD Over DOGE Increasing / Gensler To Step Down / Sen Lummis Has Plan to Start Bitcoin Reserve / MicroStrategy Completes $3B Note Sale for More Bitcoin / Schwab to Enter Crypto Market / Apple Devices Risk Crypto Keys / ISS Moves to Avoid Collision / Market Data: Price: 1 BTC= $98,556, 36.49 oz Gold, .23 Median US House 24hr Hi: $99,502 / Lo: $95,656 Vol: $89B (Down 9%) Mkt Cap: $1.95T (Up 1%) HashRate: 786 EH/s Avg Fee Rate: 11 sats/vBtye (Down 50%) Nodes: 19,690 ---Reports--- -International Events- 1. Iran says it is activating new centrifuges after being condemned by UN nuclear watchdog: Iran will activate “a noticeable number of new and advanced centrifuges of different types,” state news agency IRNA reported, citing a joint statement from Iran’s foreign ministry and its Atomic Energy Organization. Injecting gas into centrifuges is part of the process to enrich uranium, which could ultimately be used to develop a nuclear weapon, though Iran has repeatedly denied it has any ambitions of building a bomb. (CNN) 2. US Treasury targets Russia's Gazprombank with new sanctions: The move, which wields the department's most powerful sanctions tool, means Gazprombank cannot handle any new energy-related transactions that touch the U.S. financial system, bans its trade with Americans and freezes its U.S. assets. (Reuters) 3. Trudeau to cut sales tax and send checks to millions of Canadians as election looms: Canadian Prime Minister Justin Trudeau ‘s government announced plans Thursday to temporarily lift the federal sales tax off a number of items and send checks to millions of Canadians who are dealing with rising costs and as a federal election looms. (AP) (AC-Stockholm syndrome anyone?) -US Events- 1. Trump Nominates Pam Bondi For Attorney General After Gaetz Withdraws From Consideration: Donald Trump said he is nominating former Florida Attorney General Pam Bondi and his personal trial lawyer, to run the US Department of Justice, after his first pick, former Representative Matt Gaetz, withdrew his name from consideration. Bondi, age 59, is an American attorney, lobbyist, and politician. A Republican, she served as the 37th Florida attorney general from 2011 to 2019. She is the first woman elected to the office. In 2020, Bondi was one of longtime ally President Donald Trump's defense lawyers during his first impeachment trial. (ZeroHedge) 2. Musk and Ramaswamy lay out a horrifying plan for American austerity: Elon Musk and Vivek Ramaswamy's Wall Street Journal op-ed about slashing government programs borrows from an Argentinian plan that caused a massive spike in poverty. When you peel back the layers of whimsical, gauzy tech-bro speak, their ideas can be boiled down to one principle: massive cuts to federal programs that, when deployed elsewhere, have caused calamity. Argentina’s president, Javier Milei, instituted severe austerity measures that caused his country’s poverty rate to skyrocket above 50% in the ensuing months. Musk has proposed similar cuts to the ones Milei instituted. (MSNBC) (AC-This specific article is included to portray the fear being peddled on the incoming administration, complete with outright fabrications and hyperbole. The effects of articles like this have outsized results on unstable readers, which lead to often dangerous reactions. This is the crux of Fifth Generation warfare.) 3. Pennsylvania Senator Bob Casey Concedes Election to Republican Dave McCormick: Sen. Bob Casey (D-PA) has conceded the race to Republican Dave McCormick after two weeks of contesting the election results. (Breitbart) -Regulatory and Legal- 1. SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump's Axe: U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler will step down on Jan. 20, 2025, paving the way for President-elect Donald Trump’s nominee. Gensler’s departure ends a tenure marked by the SEC’s hardline stance against cryptocurrency firms. Gensler’s five-year term as chairman was set to expire in 2026. (BitcoinCom) 2. Federal Judge Strikes Down SEC Crypto Rule Minutes After Gary Gensler Resigns: A federal judge in Texas ruled the SEC's expansion of securities law to include DeFi as unlawful. The Blockchain Association's lawsuit against the SEC was granted summary judgment, leading to the requirement for the SEC to vacate the modifications made to the dealer rule. (Decrypt) -Central Bank Digital Currencies/World Currencies- 1. US Senator Pushes Gold Sales to Kickstart Massive Bitcoin Reserves: U.S. Senator Cynthia Lummis (R-WY) emphasized Thursday that the U.S. could establish the reserve without spending new funds by leveraging existing assets. Reserves at the 12 federal reserve banks, including gold certificates valued at 1970s levels, could be adjusted to current market value and converted into bitcoin, she suggested. Additionally, Lummis noted that the government already holds over 200,000 BTC through asset forfeiture, providing an initial source for the reserve without requiring new expenditures. (BitcoinCom) 2. Weak Euro fuels Bitcoin’s standout performance in Eurozone: Bitcoin's market performance is painting an intriguing picture across different currencies. BTCEUR emerges as the top performer, surging by 130.39% this year—outshining BTCGBP and BTCUSD. This remarkable outperformance is tethered to a significant trend: the euro's depreciation against a backdrop of low Eurozone growth. (CryptoSlate) -Institutional Concerns- 1. MicroStrategy completes $3B raise to buy more Bitcoin as MSTR falls 25%: The $3 billion offering of 0% convertible senior notes is part of MicroStrategy’s plans to raise $42 billion over the next three years — primarily to buy more Bitcoin. (CoinTelegraph) 2. Charles Schwab Intends to Enter Spot Crypto Market Pending Regulatory Clarity: Charles Schwab plans to expand into the spot crypto market once U.S. regulations become clearer, according to incoming CEO Rick Wurster. The firm, already involved in crypto through ETFs and futures, aims to enhance its offerings amid growing interest in digital assets. (Decrypt) -Economic Indicators- 1. Dow Leads Stocks Higher on Thursday: The S&P 500 rose 0.5% on Thursday, the Dow Jones surged by 461 points, while the Nasdaq closed mostly flat, as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, stepping away from technology shares. (TradingEcnomics) -Security Incidents and Concerns- 1. Apple Admits to Security Vulnerability That Leaves Crypto Users Exposed: “Attackers could access sensitive data like private keys or passwords” stored in their browser, enabling crypto theft if the user’s device remained unpatched. According to a recent Apple security disclosure, users must use the latest versions of its JavaScriptCore and WebKit software to patch the vulnerability. (Decrypt) -Technology and Science- 1. International Space Station fires thrusters to dodge hunk of space debris: A Russian Progress cargo ship that's docked to the ISS fired its thrusters for 5.5 minutes on Tuesday afternoon beginning at 3:09 p.m. EST (2009 GMT). The goal was to make sure the orbiting complex dodged a potentially dangerous piece of space junk. (SpaceCom) -Bitcoin Community- 1. MicroStrategy’s Magical Bitcoin Buying Machine Uses Some Wacky Math: The BTC yield at MicroStrategy, which calls itself a “bitcoin treasury company,” isn’t a yield as commonly understood by investors. As the company explains in its filings, it is the percentage change, from one date to another, in how many bitcoins per share MicroStrategy owns. Judging by what the stock market says, a bitcoin owned by MicroStrategy is worth almost four times as much as a bitcoin owned by an ordinary mortal. And forget about getting a yield—it doesn’t pay one. (WSJ) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 94/100 (Up 12 pts) Analyst Comments (AC): Slow news day... Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 871,189 DTG/ICOD: 1200Z 20Nov24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Chinese Ship Detained in Sea Cable Sabotage / Putin Readies Nukes / Charities Pull Out of Haiti / Boys-Girls-Bathroom Debate on the Hill / US Military Suicides Up / Russia to Tax Mining, Trading Crypto at 15% / US House Grills Chokepoint 2.0 Mastermind / Brazil Continues CBDC Push / Saylor to Speak to Microsoft on Bitcoin / Day One of BTC ETF Options Draw $2B / Senate Explores UFOs / Rumble CEO Considers BTC Treasury, Saylor DMs / Bitcoin Rally Draws Gullible to Altcoins Market Data: Price: 1 BTC= $94,288, 35.75 oz Gold, .22 Median US House 24hr Hi: $94,254 / Lo: $91,059 Vol: $76B (Up 5%) Mkt Cap: $1.86T (Up 2%) HashRate: 765 EH/s Avg Fee Rate: 19 sats/vBtye (Up 110%) Nodes: 19,528 ---Reports--- -International Events- 1. Chinese Ship Suspected of Undersea Cable Sabotage Detained in 'NATO Lake': International concern surrounds the cutting of the 730-mile C-Lion 1 cable connecting Finland and Germany and the 130-mile link between Sweden and Lithuania on Monday. The Financial Times reported that investigators of the severed cables are looking into the movements of the Chinese bulk carrier Yi Peng 3, which was enroute to Egypt's Port Said from the Russian port of Ust-Luga. Social media reports said that the vessel had a Russian captain, although this has not been independently confirmed. (Newsweek) (AC-Nation-States and international organizations are angry with the escalation of sabotage here. The consequences of these actions may come quickly, but the populace may not see them or even be clear on who conducted the sabotage.) 2. Putin lowers the threshold for using his nuclear arsenal after Biden’s arms decision for Ukraine: President Vladimir Putin on Tuesday formally lowered the threshold for Russia’s use of its nuclear weapons, a move that follows U.S. President Joe Biden’s decision to let Ukraine strike targets inside Russian territory with American-supplied longer-range missiles. The new doctrine allows for a potential nuclear response by Moscow even to a conventional attack on Russia by any nation that is supported by a nuclear power. (AP) 3. Charity workers pulled out of Haiti’s capital after police threaten to rape and kill them: The medical charity Doctors Without Borders (MSF) will stop operations in Haiti’s capital after its staff were threatened by members of the police. Amid escalating violence in the country, including a deadly attack on one of MSF’s ambulances last week, the charity said it will suspend health services in Port-au-Prince “until further notice”. (TelegraphUK) -US Events- 1. Trumps Latest Cabinet Picks: Business executive and former WWE CEO Linda McMahon to lead the Education Department. Howard Lutnick, the Cantor Fitzgerald CEO who’s been tapped to run the US Commerce Department, has in recent years become a prominent cheerleader for Tether, the company behind one of the world’s biggest crypto assets. and celebrity surgeon Mehmet Oz as administrator of Medicare and Medicaid. (Various) (AC-Counter-crypto and pro-Bitcoin discernment will become very important in the next administration.) 2. Mace eyes legislation banning trans women from restrooms in federal buildings: Rep. Nancy Mace (R-S.C.) plans to file legislation that would prohibit trans women from using women’s restrooms and changing rooms in all federal buildings, going further than a resolution Monday to bar transgender women from Capitol facilities. Mace’s original resolution, which she filed late Monday, comes just a week after Rep.-elect Sarah McBride (D-Del.) made history as the first openly transgender person elected to Congress. (TheHill) (AC-The culture war comes to DC, with the expected conflicts.) 3. US Military Suicides Continued To Increase In 2023: Pentagon Report: A total of 523 service members—including active, reserve, and National Guard—died by suicide in 2023, up from 493 in 2022, according to the Pentagon’s report, while the total force rate of suicide deaths per 100,000 service members was 9 percent higher than in 2022, at 25.6 per 100,000. (ZeroHedge) (AC-These are active duty numbers, not even separated/retired veterans. We must do better, starting with leadership.) -Regulatory and Legal- 1. Crypto Mining and Trading In Russia Will Attract 15% Tax: According to Interfax, the Russian Government has approved draft amendments to the bill on taxation of income and expenditures from mining and trading digital assets. Digital asset transactions will be exempt from value-added tax (VAT). Instead, income from crypto transactions will be treated similarly to income from securities transactions. As a result, the maximum individual tax liability from digital asset transactions will not exceed 15%. (Bitcoinist) 2. Operation Choke Point 2.0 Mastermind Martin Gruenberg Faces Heat In House Hearing: Martin Gruenberg, the Federal Deposit Insurance Corporation (FDIC) Chairman, faces scrutiny in a high-profile House Financial Services Committee hearing. Lawmakers are calling for his immediate removal as the market participants cite his controversial role in “Operation Choke Point 2.0.” Notably, the allegations involved regulatory overreach and a toxic workplace environment under his leadership, raising questions about the FDIC’s integrity. (CoinGape) -Central Bank Digital Currencies/World Currencies- 1. Brazilian CBDC Pilot Leverages Chainlink Technology to Automate International Trade Settlements: Brazil's Central Bank has initiated phase two of its DREX digital currency pilot program, partnering with Microsoft, Chainlink, and other tech firms to test automated cross-border payments. (Blockonomi) -Institutional Concerns- 1. Michael Saylor to pitch Microsoft board on Bitcoin buying strategy: Bitcoin bull and MicroStrategy Chairman Michael Saylor said he agreed to make a three-minute presentation to Microsoft’s board of directors about investing in Bitcoin. “I think it’s not a bad idea to put it on the agenda of every company. It ought to be put on the agenda of Berkshire Hathaway and Apple and Google and Meta because they all have huge hordes of cash, and they’re all burning shareholder value,” Saylor said. (CoinTelegraph) 2. Bitcoin ETF Options Attract $2B on Day One, Shifting BTC’s Market Structure: On their first trading day, IBIT options amassed nearly $2 billion in notional exposure, an unusual volume for new options. More call options were traded compared to puts (4.4:1 ratio), likely contributing to BTC’s new record highs. (CoinDesk) -Economic Indicators- 1. US Housing Starts at 3-Month Low: Housing starts in the United States fell by 3.1% to 1.311 million in October 2024, compared to a downwardly revised 1.353 million in September and below forecasts of 1.33 million as construction activity fell sharply in the South due to hurricanes. (TradingEconomics) -Security Incidents and Concerns- NSTR -Technology and Science- 1. Senate Hearing Delves Into UFO Sightings: The U.S. Senate held a hearing on UFO sightings, discussing explanations for some incidents while acknowledging unexplained encounters. A new office, AARO, investigates unidentified phenomena for the Department of Defense, with Director Kosloski highlighting cases like the "Go Fast" UFO sighting. (Decrypt) -Bitcoin Community- 1. Chris Pavlovski Stirs the Crypto Pot—Should the Video Platform Rumble Hold Bitcoin?: On Tuesday, shortly before bitcoin reached a lifetime high of $94,057 per coin, Rumble CEO Chris Pavlovski posed a question to his 289,300 followers, asking whether Rumble should adopt bitcoin as a strategy and add it to its balance sheet. The post on X caught the attention of Microstrategy founder Michael Saylor, who replied enthusiastically “Yes. I would be happy to discuss why [and] how with you.” Pavlovski launched a poll on the topic, and with 19,092 votes cast so far, a whopping 93.7% have said “yes” to Rumble adding BTC to its balance sheet. Natalie Brunell, host of Coin Stories said, “If you decide to, come discuss it on my show and we will stream it live on Rumble.” (BitcoinCom) 2. Dogecoin, XRP Trading Volumes Flip Bitcoin’s in South Korea: Trading volume in XRP and dogecoin (DOGE) is much higher than that of bitcoin (BTC) on South Korean crypto exchanges this week, a frenzy that may have helped raise prices of the two tokens in the crazed market. (CoinDesk) (AC-Although reporting on altcoins is rare in the DIB, it is important to know that as the bitcoin rally continues, altcoins will attract the uninformed and gullible. Continue to spread the message that "There is no second best", and "Don't shitcoin.") -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 83/100 (Down 7 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
SITREP MSTR, John Frankman, Biden OK's Long Range Missiles
BTC Daily Intelligence Bulletin (DIB) Block: 871,039 DTG/ICOD: 1200Z 19Nov24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Ukraine Uses US Missiles on Russia / Hong Kong Jails Pro-Democracy Campaigners / Farmers Protest in UK Tax Increase / Pennsylvania Supreme Court Tells Dems to Stop Counting / Army Vet Sentenced in J6 Protest / DAOs Ruled as Partnerships, All Are Liable / Porter Looks to Open-Source Bitcoin Reserve Plan / Bitcoin Value Topples Saudi Aramco After Silver / MicroStrategy Sells $1.75B Notes For More BTC / BTC Exchange Levels Dropping / Lowery Applies For White House BTC Advisor / Marathon Digital Increases Note Offering For More BTC / Game Theory Gains Steam Market Data: Price: 1 BTC= $91,597, 34.85 oz Gold, .21 Median US House 24hr Hi: $92,775 / Lo: $89,393 Vol: $72B (Up 35%) Mkt Cap: $1.81T (Up 2%) HashRate: 752 EH/s Avg Fee Rate: 6 sats/vBtye (Even) Nodes: 19,528 ---Reports--- -International Events- 1. Ukraine strikes arsenal amid reports U.S. ATACMS used in Russia for first time: Kyiv said on Tuesday it struck a Russian arsenal near the town of Karachev in the Bryansk region, over 110 km (70 miles) from Ukraine, in what two Ukrainian media outlets reported was a first strike with U.S.-supplied ATACMS missiles. A report from Russia's state news agency TASS said Russian air defence forces had shot down 85 drones and five ballistic missiles launched by Ukraine in the past 24 hours. (Reuters) (AC-A major escalation in the war.) 2. Hong Kong jails 45 pro-democracy campaigners for subversion: Benny Tai, 60, and Joshua Wong, 28, were among the so-called Hong Kong 47 group of activists and lawmakers who were involved in a plan to pick opposition candidates for local elections. This was the biggest trial under the national security law (NSL) which China imposed on the city shortly after explosive pro-democracy protests in 2019. Observers say the NSL and the trial's outcome have significantly weakened the city’s pro-democracy movement and rule of law, allowing China to cement its control of the former British colony. (BBC) 2. UK Farmers’ protest: Why are farm owners demonstrating over inheritance tax?: As many as 40,000 people are estimated to attend the event, forcing police and organizers to move the location from Trafalgar Square last-minute. They will be gathering to protest Labour’s announced changes to inheritance tax (IHT) which will change how agricultural assets are taxed. From April 2026, landowners who inherit agricultural assets worth more than £1 million will have to pay 20 per cent IHT on them. These assets were previously entirely exempt from the tax under the agricultural property relief law. (IndependentUK) -US Events- 1. Pennsylvania Supreme Court Orders Election Boards to Stop Counting Illegal Ballots: The Pennsylvania Supreme Court is ordering Boards of Elections throughout the state to follow its previous rulings and not count “mail-in and absentee ballots that fail to comply” with the state election code. As of Monday afternoon, McCormick had a 17,439 advantage over Casey, with more than 95 percent of the vote counted, according to the New York Times election results. Since they are separated by less than half a percentage point, the race will go to a recount. (Breitbart) 2. Veteran who killed Iraqi civilian sentenced to prison for Capitol riot: A former U.S. Army soldier who was court-martialed for fatally shooting a handcuffed civilian in Iraq two decades ago was sentenced on Monday to more than four years in prison for his role in the attack on the U.S. Capitol on Jan. 6, 2021. Edward Richmond Jr. attacked police officers with a metal baton during the Jan. 6, 2021, riot at the Capitol. Richmond, 41, of Geismar, Louisiana, said he immediately regretted his actions that day. (ArmyTimes) -Regulatory and Legal- 1. California judge rules DAO members liable under partnership laws: On Nov. 18, Judge Vince Chhabria of the United States District Court for the Northern District of California determined that governing bodies behind Lido DAO qualify as partners under California’s general partnership laws. As a result, members may not avoid liability for the organization’s actions. Miles Jennings said that under the ruling, even posting in forums could be enough to hold DAO members liable for other members’ actions under the general partnership laws. (CoinTelegraph) -Central Bank Digital Currencies/World Currencies- 1. Satoshi Action Fund Open-Sources Strategic Bitcoin Reserve Model, Hints at Executive Order Implementation: Dennis Porter, CEO and co-founder of the Satoshi Action Fund, recently announced the open-sourcing of a document for enacting Strategic Bitcoin Reserve laws internationally. He stated that several lawmakers are using the legislative model and that a related executive order to implement it could be on its way. (BitcoinCom) -Institutional Concerns- 1. Bitcoin Topples Saudi Aramco To Become World's 7th Largest Asset By Market Cap: Data from CompaniesMarketCap shows that as of early Tuesday, Bitcoin's total market cap has reached $1.817 trillion, while Saudi Aramco's stands at $1.798 trillion, followed by silver, which has a total market value of $1.765 trillion. (IBTimes) 2. MicroStrategy to raise $1.75B with 0% interest notes to buy Bitcoin: MicroStrategy, the largest corporate holder of Bitcoin, is set to raise $1.75 billion from senior convertible notes at a 0% interest rate to buy more BTC. These convertibles are sold at a discount and will instead mature to face value if they are not converted prior to the maturity date — which is 2029 in MicroStrategy’s case. They’re also “senior” to common stock in the sense that holders have priority in the event of bankruptcy or liquidation. MicroStrategy could buy another 19,065 Bitcoin at current prices if it were to spend the entire $1.75 billion on Bitcoin. (CoinTelegraph) 3. Bitcoin on Exchanges Hits Lowest Level Since November 2018: According to data from Cryptoquant, the amount of bitcoin held on exchanges has dropped to approximately 2.58 million coins. This represents a substantial decrease from the peak levels observed in 2021 during the previous bull run. (BItcoinCom) -Economic Indicators- 1. US 10-Year Treasury Yield Retreats on Flight To Safety: The yield on the US 10-year Treasury note declined to 4.37% on Tuesday, retreating from the nearly five-month high of 4.45% reached last week, as investors sought safer assets amid growing concerns over an escalation in the Ukraine-Russia conflict. (TradingEconomics) 2. US October Budget Deficit Swells 287% To $257 Billion: According to a report by the Treasury Department released on Wednesday, the figure was a sharp increase of 287% from October 2023's $67 billion deficit. Federal receipts for October 2024 slid 19% year-over-year to $327 billion. Outlays increased by 24% to $584 billion. (IBTimes) -Security Incidents and Concerns- 1. Chinese Hackers Exploit T-Mobile and Other U.S. Telecoms in Broader Espionage Campaign: The adversaries, tracked as Salt Typhoon, breached the company as part of a "monthslong campaign" designed to harvest cellphone communications of "high-value intelligence targets." "T-Mobile is closely monitoring this industry-wide attack, and at this time, T-Mobile systems and data have not been impacted in any significant way, and we have no evidence of impacts to customer information," a spokesman said. With the latest development, T-Mobile has joined a list of major organizations like AT&T, Verizon, and Lumen Technologies that have been singled out as part of what appears to be a full-blown cyber espionage campaign. (HackerNews) 2. Brazilian YouTube Star Loses Access to $366,000 Bitcoin Stash: Lord Vinheteiro, a popular Brazilian pianist on YouTube, has been hospitalized due to losing access to a Bitcoin stash worth over $366,000. He tweeted about losing his BTC wallet password and searched for the backup in his home library, facing challenges in recovery. (Decrypt) -Technology and Science- 1. China Long March 9 Rocket Looks Awfully Like SpaceX's Starship, Fully Reusable Too: A recent airshow in Zhuhai, China officially unveiled its first 'super heavy lift rocket' called the Long March 9, and this has been revealed after almost a decade since it was introduced, now looking eerily similar to SpaceX's Starship. Initially, the rocket was a three-stage machine that featured motors on its side, but its latest development turned it into a two-stage spacecraft like the American-made one. Moreover, the Chinese rocket has also made a significant shift to turning it into a more modern launch vehicle as one of the rockets is fully reusable, almost turning it into the renowned Starship. (TechTimes) -Bitcoin Community- 1. Softwar author Jason Lowery applies for White House role advising on Bitcoin national security: Jason Lowery, a major in the U.S. Space Force, has submitted an application to serve as a military advisor on the National Security Council (NSC) and the White House Office of Science & Technology Policy (OSTP). “My goal is to advise the Department of Defense on the national strategic significance of Proof-of-Work (PoW) technology and provide senior leaders with policy recommendations related to a strategic Bitcoin stockpile and the U.S. Hash Force.”, Lowery posted on X. (CryptoSlate) 2. Marathon Digital upsizes debt offering to $1 billion for Bitcoin expansion: The firm initially aimed to raise $700 million but increased the offering to $980 million in response to investor demand. (CryptoSlate) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 90/100 (Up 7 pts) Analyst Comments (AC): Bitcoiners have used the term 'game theory' to describe the competition for scarce bitcoin by nation-states and large institutions in acquiring the asset. The concept comes from early economic theory, formalized in math and political theory, where 'players' learn to optimize outcomes based on other players' decisions and where the 'first-mover advantage' often cements a win. Although intuitive in nature, game theory has rational fundamentals and in the case of bitcoin, the 'players' gain first-mover advantage once they begin to understand the values of bitcoin and move to acquire it. With Marathon Digital, MicroStrategy, the USA, El Salvador, Bhutan, and many more now using whatever assets they have available to buy as much as possible, the game theory of bitcoin phase is now starting to gain traction. Although holders of bitcoin will enjoy the resulting increases in price, analysis should continue on the purposes of various actors in acquiring bitcoin reserves, hashing power, and the methods used in acquiring it. If bitcoin indeed becomes the most valuable asset available in the near future, what are the limits of the 'game' and to what end? Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 870,865 DTG/ICOD: 1200Z 18Nov24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: US Long Range Missiles May Now Target Russia Via Ukraine / US, Philippines Sign Intel Agreement / Israel Kills Hezbollah PR Chief / Trump Picks Brendan Carr for FCC / RFK Jr. 'All In' on Bitcoin / Polish Presidential Contender Wants Bitcoin Reserve / Spot BTC ETF Cleared for Options Trading Soon / Scammers Target Black Friday Shoppers / MARA Offers Convertible Notes / New Website Looks at BTC as Unit of Account Market Data: Price: 1 BTC= $89,835, 34.58 oz Gold, .21 Median US House 24hr Hi: $92,194 / Lo: $88,741 Vol: $53B (Up 20%) Mkt Cap: $1.78T (Down 1%) HashRate: 736 EH/s Avg Fee Rate: 6 sats/vBtye (Down 15%) Nodes: 19,588 ---Reports--- -International Events- 1. Biden authorizes Ukraine to use US-supplied longer range missiles for deeper strikes inside Russia: The decision allowing Kyiv to use the Army Tactical Missile System, or ATACMs, for attacks farther inside Russia comes as President Vladimir Putin positions North Korean troops along Ukraine’s northern border to try to reclaim hundreds of miles of territory seized by Ukrainian forces. (AP) (AC-Various interpretations view this development as a widening of the war, possibly opening up the option of Russia striking targets outside of Ukraine, such as NATO bases.) 2. Philippines, US sign military intelligence-sharing deal: US Defense Secretary Lloyd Austin signed the agreement with his Philippine counterpart, Gilberto Teodoro, at Manila's military headquarters, where they also broke ground for a coordination centre that will facilitate collaboration between their armed forces. China's foreign ministry said on Monday any kind of military agreement or security cooperation "must not be directed against or harm the interests of a third party, and they must not undermine regional peace or exacerbate tensions in the region". (ChannelNewsAsia) 3. IDF Kills Hezbollah PR Chief Mohammed Afif in Beirut: An Israeli strike on a building in a densely populated district of Beirut on Sunday killed Hezbollah’s media relations chief Mohammad Afif, two Lebanese security sources told Reuters, though there was no immediate confirmation from Hezbollah. (Breitbart) -US Events- 1. Trump's choice for FCC chairman says agency 'will end its promotion of DEI' next year: Brendan Carr, who currently serves as the senior Republican member of the FCC, posted a snippet of the agency's budget request for Fiscal Year 2025 on X, which stated that its second-highest strategic goal is promoting DEI. (Fox) -Regulatory and Legal- 1. ‘I put most of my wealth into Bitcoin, so I am fully committed’ — RFK Jr.: In July 2023, RFK Jr. revealed that he bought Bitcoin for each of his children. Following the purchase, RFK told an audience in a Twitter Spaces event: “Right after that Bitcoin conference, I got a big check, and I said I'm going to put my money where my mouth is, so I bought two Bitcoin for every one of my seven children.” (CoinTelegraph) -Central Bank Digital Currencies/World Currencies- 1. Strategic Bitcoin Reserve Plan Unveiled By Polish Presidential Contender: Sławomir Mentzen, chairman of the Polish “New Hope” party and a contender in the upcoming presidential election, announced his plans for establishing a strategic Bitcoin reserve in Poland during a discourse on X. The initiative underscores Mentzen’s vested interest in Bitcoin, evidenced by his personal investment of 33.7 BTC, valued at over $3 million. (Bitcoinist) -Institutional Concerns- 1. Spot Bitcoin ETFs hit $1.7B weekly inflows, marking six-week streak: The latest inflows bring spot Bitcoin ETFs’ total net assets to $95.4 billion, or 5.27% of Bitcoin’s $1.8 trillion market capitalization. (CoinTelegraph) 2. Spot bitcoin ETF options are one step closer to going live: Late Friday, the Commodity Futures Trading Commission’s Division of Clearing and Risk (DCR) issued a staff advisory that said ETF options on spot commodity funds are "cleared and settled by the Options Clearing Corporation as the sole issuer of all equity options." (TheBlock) -Economic Indicators- 1. US Retail Sales Beat Forecasts: Retail sales in the US increased 0.4% month-over-month in October 2024, following an upwardly revised 0.8% gain in September, and above market forecasts of 0.3%. (TradingEconomics) 2. US 10-Year Yield Stays Near 5-Month High: The yield on the 10-year US Treasury note held steady around 4.44% on Monday, staying near its highest level in more than five months. (TradingEconomics) -Security Incidents and Concerns- 1. Fake Discount Sites Exploit Black Friday to Hijack Shopper Information: A new phishing campaign is targeting e-commerce shoppers in Europe and the United States with bogus pages that mimic legitimate brands with the goal of stealing their personal information ahead of the Black Friday shopping season. " The threat actor used fake discounted products as phishing lures to deceive victims into providing their Cardholder Data (CHD) and Sensitive Authentication Data (SAD) and Personally Identifiable Information (PII)," (HackerNews) -Technology and Science- 1. Donald Trump's Administration Is Abolishing US EV Tax Credits—Say Goodbye to $7500 Reductions: The transition team by Donald J. Trump has now confirmed that one of the plans of the President-elect of the United States is to remove one of the biggest tax and electrification programs of the current administration of President Joe Biden. This is the famed US electric vehicle tax credits that previously offered massive discounts that enticed more Americans to buy clean energy cars with as much as $7,500 price reductions. (TechTimes) -Bitcoin Community- 1. MARA to Offer $700M Convertible Senior Note, Shares Fall 5%: The bitcoin miner plans to use up to $200 million of the proceeds to repurchase a part of its outstanding 2026 convertible notes. The remainder of funds will be used to accumulate bitcoin (BTC) and other general needs, such as expansion, strategic acquisitions and debt repayments. (CoinDesk) 2. See How Fast Your Savings and Salary Are Collapsing Against Bitcoin: With the price surging above $90,000, you’re likely all too aware that everything that isn’t Bitcoin is rapidly diminishing in value But now you can visualize it! On PricedInBitcoin21(dot)com. As you can see from a quick glance here, the U.S. dollar is now down 86% against Bitcoin on a 5 year basis. (BitcoinMag) (AC-To fully understand the effects of Bitcoin adoption, it's important to shift perspectives often and look at it in the economic roles of money, namely: 1. Store of Value, 2. Medium of Exchange, and 3. Unit of Account.) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 83/100 (Up 3 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
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Bitcoin Veterans Spaces Ken Egan, Former CIA Officer
BTC Daily Intelligence Bulletin (DIB) Block: 870,132 DTG/ICOD: 1200Z 13Nov24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: US Navy Defeats Complex Houthi Attack / Amsterdam Faces Another Night of Violence / SecState Urgently Meets With NATO / Trump Announces Contentious Cabinet Appointments / CACI Gets Hit With Torture Fines / Rick Scott Gains Momentum for Majority Leader / Brazil Opens up TradFi to Crypto / US Fed Governor Says No Need for CBDC / Genius Group Announces BTC Treasury / Hedgers Shifting from Gold to BTC / BTC OP_Next BitDevs to Design Scalability of Bitcoin Market Data: Price: 1 BTC= $89,057, 34.05 oz Gold, .21 Median US House 24hr Hi: $89,915 / Lo: $85,155 Vol: $100B (Down 37%) Mkt Cap: $1.76T (Up 4%) HashRate: 729 EH/s Avg Fee Rate: 16 sats/vBtye (Up 100%) Nodes: 18,815 ---Reports--- -International Events- 1. US Navy Destroyers Defeat Complex Houthi Attack in Strategic Red Sea Strait: Two US Navy destroyers successfully intercepted multiple Houthi-launched weapons, including 8 drones, 5 ballistic missiles, and 3 cruise missiles in the Bab el-Mandeb Strait. No damage or injuries were reported. The attacks have halved shipping through this vital waterway that typically handles $1 trillion in annual trade, while UN experts allege Houthis may be extorting $180 million monthly for safe passage. (Ground) 2. Amsterdam fears another night of unrest as it grapples with antisemitism and violence: Amsterdam police were bracing for yet another night of unrest on Tuesday as the Dutch capital grapples with antisemitic violence that started with attacks against visiting Israeli football fans last week. Most protests have been banned and police presence have been beefed up across the city, but the violence has not eased. (CNN) 3. Blinken In Brussels As Trump Win Raises Alarm Over Ukraine: US top diplomat Antony Blinken will meet with NATO and EU officials Wednesday to urgently discuss ramping up support for Ukraine before Donald Trump reclaims the White House -- potentially jeopardizing future aid. (IBTimes) -US Events- 1. Trump Appoints Elon Musk and Vivek Ramaswamy to Lead New 'Department of Government Efficiency': Ramaswamy has a history of reducing government waste, making it a key policy for his campaign, while Musk has lucrative government contracts that raise conflict of interest questions. Trump stated that they will provide "advice and guidance" to drive structural reform, aiming for an unprecedented entrepreneurial approach to government. (TheNational) 2. Other Trump Appointments: Pete Hegseth for Sec. of Defense, John Ratcliffe for CIA Director, Marco Rubio for Sec. State, Mike Huckabee for Israel Ambassador, Kristi Noem for Sec. of DHS, Mike Waltz for Security Advisor, Scott Bessent for Sec. of Treasury, Elise Stefanik for Ambassador to the UN, Steven Witkoff for Mideast Envoy, 3. US defense contractor to pay former Iraqi detainees $42 million for its role in torture at notorious Abu Ghraib prison: A federal jury on Tuesday awarded a total of $42 million to three Iraqi men who endured torture at Baghdad’s Abu Ghraib prison over two decades ago –– holding a US government contractor accountable for contributing to the abuse. The ruling stems from a lawsuit filed on behalf of former detainees in 2008 against Virginia-based defense company CACI Premier Technology Inc. (CNN) 4. Rick Scott gains new Senate endorsements out of candidate forum on eve of leader election: Sen. Rick Scott, R-Fla., earned two more endorsements following what Republican senators described as a wide-ranging discussion with the three candidates to succeed outgoing Senate Minority Leader Mitch McConnell, R-Ky. (Fox) -Regulatory and Legal- 1. Brazil Prepares to Let Tradfi Institutions Embrace Crypto: The Central Bank of Brazil is preparing to open the cryptocurrency market to traditional finance institutions, which will be able to operate in this industry with clarity after the enactment of the upcoming regulation. Small crypto startups might face challenges in regularizing their situation due to the high bar this framework will impose. (BitcoinCom) -Central Bank Digital Currencies/World Currencies- 1. Fed Governor Waller: No Need for CBDC: The private sector should lead the evolution of payments, while the Federal Reserve should be ready to solve problems that can’t be handled by the private sector alone, Federal Reserve Governor Christopher J. Waller said Tuesday (Nov. 12). “In more than three years, I have yet to hear a satisfactory answer as applied to CBDC,” Waller said in his Tuesday speech. (pymnts) -Institutional Concerns- 1. AI firm Genius Group surges 66% after ‘Bitcoin-first’ treasury strategy: Artificial intelligence firm Genius Group Limited surged 66% in a day after committing to a MicroStrategy-emulating “Bitcoin-first” strategy — which will see the cryptocurrency become its primary treasury asset. The play will involve committing 90% or more of the company’s current and future reserves to be held in Bitcoin starting with a $150 million at-the-market offering to acquire an initial target of $120 million in Bitcoin. (CoinTelegraph) (AC-Institutions continue to adopt the Bitcoin store of value (SOV) strategy pioneered by MicroStrategy. The SOV phase will continue to accelerate as both nation-states, institutions, companies and investors realize benefits the best digital asset available.) -Economic Indicators- 1. Bitcoin's correlation to gold hits 11-month low amid capital reallocation: Since the U.S. presidential election, gold has dropped by 5% while bitcoin has surged by over 20% — highlighting a shift in the correlation between these two assets. Some analysts suggest that capital is moving out of gold and into bitcoin as investors reevaluate their safe-haven strategies. (TheBlock) 2. Volatility Expected in Bitcoin Later Today as US Headline Inflation Data Is Expected to Tick Higher: Headline inflation year-over-year is expected to increase by 0.2% and end a six-month consecutive decline, last seen in March 2024. (CoinDesk) -Security Incidents and Concerns- 1. South Korea arrests 215 individuals in $232 million crypto fraud scheme: The scam took place between December 2021 and March 2023. It lured investors with a “private sale” based on “advanced information” on unlisted cryptocurrencies that guarantee high returns, selling 28 different kinds of fraudulent crypto tokens to defraud $232 million. (TheBlock) -Technology and Science- 1. Donald Trump's US 'Crypto Capital' Future to Bring More Politicians Sharing the Same Mindset: The Washington Post reported that Donald Trump is now evaluating "pro-crypto" candidates who will soon be given important roles in the United States government that will help expand more of cryptocurrency's adoption in the country. It was revealed that there are already several candidates for the positions, with them being known for their support and affiliations with the crypto industry. (TechTimes) -Bitcoin Community- 1. ‘Just Don’t Break’ Bitcoin: Devs Debate Tech Upgrades to Top Crypto: Most of the world focuses on bitcoin (BTC)’s zipping price. Not so for the 100-odd bitcoiners who gathered at Fidelity Investments’ headquarters over the weekend. “This is about getting bitcoin to the next billion people,” said Will Foxley, emcee of OP_NEXT, what he claimed was the first bitcoin scaling conference in five years. OP_NEXT is the newest anomaly on crypto’s overstuffed conference circuit. It's got none of the retail-friendly bravado of Bitcoin Nashville. Instead, dozens of hoodie-wearing coder boys (and a handful of women) debated improvements that might make bitcoin more useful, usable, and even resilient against faraway problems that could one day upend the world’s most valuable cryptocurrency. (CoinDesk) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 84/100 (Up 4 pts) Analyst Comments (AC): NSTR Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
Get ready for the best damn interview you’ll watch all year!! Bitcoin Veterans sat down with @preston and had a very serious talk about military service, AI, the American Empire, and of course #Bitcoin!