BTC Daily Intelligence Bulletin (DIB) Block: 874,256 DTG/ICOD: 1200Z 11Dec24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: South Korean Police Raid President's Office / Syrian Rebel Consolidate Control / Fire Make Students Shelter-in-Place at Pepperdine / NJ Officials, FBI Investigate Large Drones / DHS Give Migrants More Jobs / Bitcoin 'Jesus' on Tucker / Bhutan Has Double the Bitcoin Than El Salvador / Binance and Circle to Push USDC / Microsoft Says No to Bitcoin / Fake Recruiters Use Malware / 13% of World Has Herpes / MARA Buys More Bitcoin Market Data: Price: 1 BTC= $98,593, 36.69 oz Gold, .23 Median US House 24hr Hi: $98,536 / Lo: $94,321 Vol: $94B (Down 17%) Mkt Cap: $1.95T (Up 1%) HashRate: 770 EH/s Avg Fee Rate: 16 sats/vBtye (Up 220%) Nodes: 19,559 ---Reports--- -International Events- 1. South Korea police try to raid Yoon's office over martial law: South Korean police tried to search President Yoon Suk Yeol's office on Wednesday but have not been able to enter the main building. The attempt to search the presidential office significantly escalates the investigation against Yoon and top police and military officers over the Dec. 3 martial law declaration that plunged the country with Asia's fourth-largest economy into a constitutional crisis. Yoon is now the subject of a criminal investigation into insurrection allegations and is banned from leaving the country, but he has not been arrested or questioned by authorities. (Reuters) 2. Syrian rebel forces fight to consolidate control; Israel expands strikes: The Syrian rebel coalition that ousted Bashar al-Assad, led by the Islamist group Hayat Tahrir al-Sham (HTS), said Wednesday that it had further consolidated control over the country’s east as it seeks to build a new political order in the country. Mohammed al-Bashir, who previously led the HTS-backed governing body in Syria’s Idlib province, said he will serve as Syria’s caretaker prime minister until March. Israel expanded aerial attacks across Syria after Assad’s fall, saying Tuesday that it had launched 350 airstrikes on the country since Sunday, destroying missiles and weapons sites, and effectively eliminating the Syrian navy. (WaPo) -US Events- 1. Terrified students huddle in library as Malibu wildfire threatens Pepperdine University: Frightening footage from Pepperdine University’s showed flames licking the windows of the library just feet from sheltering students as a Malibu wildfire raged across the Southern California campus overnight Monday. By Tuesday, the Franklin Fire had spread to 2,200 acres and was almost completely uncontained. Los Angeles County Fire Department Chief Anthony C. Marrone said at least 1,000 firefighters have been deployed, but that the fire still is not contained anywhere. (NYPost) 2. NJ state senator calls for 'limited state of emergency' over mysterious drone sightings: "The State of New Jersey should issue a limited state of emergency banning all drones until the public receives an explanation regarding these multiple sightings," Republican state Sen. Jon Bramnick said in a statement Tuesday. The drones are larger than the type typically used by hobbyists, officials and eyewitnesses have said. The White House says President Biden has been briefed on the drones and they are "closely tracking the activity" and "coordinating closely" with DHS and FBI to continue investigating these incidents. (6ABC) 3. DHS Chief Alejandro Mayorkas Announces Jobs Giveaway — for Migrants: On Tuesday, Mayorkas announced a final rule from the United States Citizenship and Immigration Services (USCIS) that will allow millions of migrants, many of whom have been released into the U.S. interior by the Biden administration, to keep their work permits for up to 540 days when they seek a renewal. Migrants previously could renew their work permits for 180 days. In the last year, more than a million foreign-born workers have secured American jobs while nearly 800,000 native-born Americans have dropped out of the workforce. (Breitbart) -Regulatory and Legal- 1. Tucker Carlson and Roger Ver Reveal Shocking Details About US Extradition Battle and Bitcoin in Exclusive TCN Interview: Known for his early investments in bitcoin (BTC) and his libertarian advocacy, BitcoinCom founder Roger Ver faces potential extradition to the United States from Spain on allegations of tax evasion—charges he strongly contests. According to Ver, early hopes for bitcoin as an alternative to fiat currency were subverted by a combination of intelligence agencies and institutional players. (BitcoinCom) -Central Bank Digital Currencies/World Currencies- 1. El Salvador's Bitcoin Stash Rises Above $500M, but Bhutan Story Might Be Even Bigger: The value of El Salvador's bitcoin holdings have risen above $500 million and Bhutan's above $1 billion. Bhutan's BTC holdings now account for more than one-third of its GDP versus El Salvador's stack at just 1.5% of its GDP. The tiny South Asian state, with a population of just 800,000 (vs. El Salvador at 6.4 million), is sitting on a bitcoin stash of 12,574 tokens, per Arkham Intelligence, worth $1.1 billion at the current price. (CoinDesk) 2. Binance and Circle Announce Strategic Partnership to Advance Global Crypto Adoption: The cooperation will increase the use of USD Coin (USDC) and promote the growth of the global digital assets and financial services ecosystem. Binance will expand the availability of USDC throughout their whole range of goods and services, guaranteeing that over 240 million Binance users worldwide can easily access and utilize USDC for applications related to trading, saving, and payments. Binance will also use USDC as a key dollar stablecoin for their corporate treasury. (BitcoinCom) -Institutional Concerns- 1. Microsoft shareholders reject Saylor-backed Bitcoin treasury proposal: The unlikely push to get Microsoft, one of the world’s most valuable companies, to buy Bitcoin came from the National Center for Public Policy Research, a conservative think tank. Microsoft Chief Financial Officer Amy Hood said it was “important to remember our criteria and our goals of our balance sheet,” she continued, citing “to preserve capital, to allow a lot of liquidity, [and] to be able to fund our operations and partnerships and investments.” (DLNews) -Economic Indicators- 1. US 10-Year Yield Edges Higher Ahead of CPI Report: The yield on the US 10-year Treasury rose toward 4.24% on Wednesday, marking its third consecutive day of gains as investors braced for a crucial US inflation report that could significantly influence Federal Reserve policy. (TradingEconomics) 2. US Dollar Index Gains Traction: The dollar index gained traction and rose to above 106.5 on Tuesday, the highest in two weeks, amid dovish expectations for major central banks outside the US ahead of the domestic CPI print this week. The Bank of Canada is expected to deliver a 50bps rate cut tomorrow and the ECB is due to cut its rates by 25bps on Thursday, pressuring key currencies of n the US dollar index. (TradingEconomics) -Security Incidents and Concerns- 1. Fake Job Recruiters Distribute Banking Trojan via Malicious Apps in Phishing Scam: "As part of their fraudulent hiring process, the phishing campaign tricks victims into downloading a malicious application that acts as a dropper, eventually installing the updated variant of Antidot Banker in the victim's device." Some of the other known features of the malware include keylogging, call forwarding, SMS theft, and Virtual Network Computing (VNC) functionality to remotely interact with the compromised devices. (HackerNews) (AC-Beware the unsolicited job offers.) -Technology and Science- 1. Over 840 Million People Worldwide Infected with Genital Herpes, Study Finds: Over 840 million people globally are infected with genital herpes, which represents about 13% of the global population, WHO reported in a Medical Journal. (GroundNews) 2. X Took Down Grok's 'Aurora' Image Generator After Going Live, And It Brought Realistic Photos Online: Users on X were surprised with the addition of Grok AI's new image generator called "Aurora" as it appeared on the platform under a beta testing label, and many users were quick to jump on it. However, it did not see two full days available for users to enjoy as it was immediately taken down by X for unknown reasons, after the many AI-created images it was able to generate. (TechTimes) -Bitcoin Community- 1. Publicly Traded Bitcoin Miner MARA Buys $1.1 Billion in BTC: MARA, a top Bitcoin miner, recently purchased 11,774 Bitcoin for $1.1 billion, bringing their total holdings to 40,435 Bitcoin worth nearly $3.9 billion. (Decrypt) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 78/100 (Even) 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: 874,109 DTG/ICOD: 1200Z 10Dec24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Israel Strikes Syrian Army Bases / China Encircles Taiwan / Russia Uses Diplomacy to Keep Bases in Syria / Suspect Arrested in CEO Hit / Marine Found Not Guilty in Chokehold Death / Nevada Institutes Blockchain to Secure Elections / Russia Proposes Bitcoin Reserve / Saylor's 'Dump Gold, Buy Bitcoin' Strategy Would Establish Dominance for USA / Google's Quantum Chip Fires Across the Bow of All Encryption / AI Making Investments Now / El Salvador Makes Bitcoin Retail Voluntary (Not Mandatory) / BTC Nodes at ATH Market Data: Price: 1 BTC= $97,542, 36.51 oz Gold, .23 Median US House 24hr Hi: $100,432 / Lo: $94,355 Vol: $113B (Up 72%) Mkt Cap: $1.93T (Down 1%) HashRate: 766 EH/s Avg Fee Rate: 5 sats/vBtye (Down 45%) Nodes: 21,033 (ATH!) ---Reports--- -International Events- 1. Israel pounds Syrian army bases, denies deeper incursion: Israel pounded Syrian army bases on Tuesday in strikes it says aim to keep weapons from falling into hostile hands, but denied its forces had advanced into Syria beyond a buffer zone at the border. Since Assad's flight on Sunday ended more than five decades of his family's rule, Israeli troops moved into a demilitarized zone inside Syria established following a 1973 war. Israel calls the incursion a temporary measure to ensure border security. The rough tally of 200 raids overnight had left nothing of the Syrian army's assets, said the sources. (Reuters) 2. Taiwan Says China Carrying Out Huge Maritime Drills: Taiwan said Tuesday that dozens of Chinese warships and other vessels have been deployed around the island, in one of China's biggest-ever military exercises. "Nearly 90" Chinese naval and coast guard ships were currently in waters along the so-called first island chain, which links Okinawa, Taiwan and the Philippines. Taiwan's defence ministry said earlier it had also detected 47 Chinese aircraft near the island in the 24 hours to 6:00 am. "It can indeed be said that the scale of these maritime forces exceeds the four drills since 2022," Sun told reporters. (IBTimes) (AC-If ever there was a good time for a blitzkrieg attack on Taiwan, now would be it.) 3. Moscow reaches out to new Syrian leadership in move to secure bases: Moscow is seeking to secure the future of its key military bases in Syria while making inroads with the country’s new rebel leadership, after the dramatic collapse of the Assad regime threatened to erode Russia’s influence in the Middle East. Russia has kept a sizeable airbase in north-west Syria and a naval facility at the Mediterranean port of Tartus since Moscow’s military intervention helped President Bashar al-Assad reclaim most of the country after nationwide protests that began in 2011. (Guardian) -US Events- 1. Suspect Charged with UnitedHealthcare CEO’s Murder: Luigi Mangione was charged in New York on suspicion of one count of murder, two counts of second-degree criminal possession of a weapon, one count of second-degree possession of a forged document and one count of third-degree possession of a weapon. According to a New York Times report citing friends of Mangione, the suspect lived with serious back pain and underwent surgery for the condition last year. (Breitbart) 2. Daniel Penny Found Not Guilty, Gets Death Threat From BLM Founder: Daniel Penny has been cleared of wrongdoing in the chokehold death of a mentally unstable man, Jordan Neely, after jurors sided with Penny's defense attorneys who had argued that the Marine veteran was justified in rushing to protect fellow subway riders in May of 2023. He received an immediate death threat from BLM founder 'Hawk' Newsome, and Jordan Neely’s father is calling for violent protests after a jury, made up of different races, found Daniel Penny not guilty. (ZeroHedge) -Regulatory and Legal- 1. Nevada Adopts Blockchain for Secure Election Certification: The state of Nevada has taken a significant step toward bolstering election security by incorporating blockchain technology into its election certification process. The Nevada Secretary of State’s Office recently announced this initiative, which is aimed at enhancing transparency, preventing fraud, and ensuring the integrity of the state’s election procedures. Through blockchain integration, Nevada is setting an example for other states looking to adopt emerging technologies to improve election security. The technology’s ability to protect critical documents from unauthorized changes is expected to instill greater trust among voters, stakeholders, and officials. (CoinTrust) (AC- Simple Proof? Maybe. There are other reports that the incoming Trump administration and DOGE are looking at instituting the same system. Bitcoin Veterans MAY have had a small part in this...) -Central Bank Digital Currencies/World Currencies- 1. Strategic Bitcoin Reserve Proposed by Russian State Duma Deputy: Anton Tkachev, a State Duma deputy from the “New People” party, has formally proposed the establishment of a Strategic Bitcoin Reserve (SBR). Tkachev submitted an appeal to the Russian Minister of Finance, Anton Siluanov, advocating for the creation of a Bitcoin reserve analogous to the country’s existing reserves in traditional currencies. (Bitcoinist) 2. Michael Saylor Outlines U.S.'s Ultimate Bitcoin Reserve Strategy: Dump Gold, Buy Bitcoin: Michael Saylor, executive chairman and co-founder of Microstrategy, one of the first companies to adopt the bitcoin standard, has proposed that the U.S. purchase 20% or 25% of the bitcoin available using the nation’s gold stash as part of a national strategic reserve policy. (BitcoinCom) (AC-This strategy will have outsized effects on the global financial system, putting any first mover in a very powerful position by diluting the value of gold and buying a huge stake in Bitcoin as other nation-states rush to keep from cratering their currency.) -Institutional Concerns- 1. MicroStrategy buys another 21,550 Bitcoin for $2.1 billion, boosting holdings to $42B: MicroStrategy, the world’s largest corporate Bitcoin holder, said Monday it had added 21,550 BTC worth around $2.1 billion to its portfolio. The acquisition, made between Dec. 2 and Dec. 8, brings its total Bitcoin stash to 423,650 BTC, valued at approximately $42 billion at current market prices. (CryptoBriefing) -Economic Indicators- 1. Wall Street Ends Lower as Nvidia Weighs: Stocks in the US kicked off the week lower, as Nvidia shares dropped amid a Chinese antitrust investigation and investor caution ahead of a critical inflation report. Both the S&P 500 and the Nasdaq 100 slid 0.6%, following recent record highs, while the Dow Jones fell 240 points. All eyes are on Wednesday's upcoming inflation data, which could influence expectations for Federal Reserve rate cuts. (TradingEconomics) 2. US Consumer Sentiment at 8-Month High: The University of Michigan consumer sentiment for the US increased for a fifth consecutive month to 74 in December 2024, the highest level since April, compared to 71.8 in November and above forecasts of 73, preliminary estimates showed. (TradingEconomics) -Security Incidents and Concerns- 1. Google’s Willow quantum chip brings Bitcoin security debate 10 years closer: On Dec. 9, Sundar Pichai, Google’s CEO, introduced the Willow chip as a breakthrough in quantum computing. It boasts error reduction capabilities and 105 qubits, a new computational power milestone. This advancement highlights quantum computing’s potential to revolutionize fields dependent on complex calculations. However, it also raises concerns about the security of encryption systems, passwords, and other cryptographic protections. “With one breakthrough we’ve seen a 20 year drop in how long Bitcoin and other cryptocurrencies have to start taking post-quantum encryption seriously. (CryptoSlate) (AC-With SHA-256 encryption, Bitcoin still has a long way to go before being vulnerable, well after other forms of encryption data are vulnerable such as traditional finance.) -Technology and Science- 1. This DAO is Leveraging AI to Manage Investments in Bid to Disrupt Traditional Venture Capital Models: The AI16z DAO project, with its own token, utilizes AI to autonomously manage investments, aiming to disrupt traditional venture capital models. AI Marc, the AI agent, makes data-driven financial decisions, eliminating human biases and inefficiencies common in traditional DAOs. (Decrypt) -Bitcoin Community- 1. El Salvador May Alter Bitcoin Law to Close IMF Deal: El Salvador is close to finalizing a deal with the IMF, which would require adjustments to its Bitcoin law. The country is set to receive multi-billion dollar funding in exchange for businesses no longer being obligated to accept Bitcoin, but rather having the option to do so voluntarily. (Decrypt) (AC-Voluntary Bitcoin is freedom-based) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 78/100 (Even) 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: 873,950 DTG/ICOD: 1200Z 09Dec24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Syrian Rebels Capture Damascus, Assad Flees to Moscow. US, Israel Hit Syrian Targets / Taiwan on High Alert / Trump To Consider Jan 6th Pardons / CEO's Assassin Still Uncaught / FDIC Warned Banks Over Crypto, Bitcoin / Sen. Warren to Pick SEC Commissioner / Amazon Shareholders Want Bitcoin / USG Added 1.12M Jobs the Last 23 Months / Coinbase Fights Account Restriction FUD and Fraud Attacks / Microsoft Looks to Blockchain for Innovation / Financial Times Apologizes for Bitcoin Hate / Signal Through the Noise Market Data: Price: 1 BTC= $98,238, 37.04 oz Gold, .23 Median US House 24hr Hi: $101,399 / Lo: $97,986 Vol: $65B (Up 58%) Mkt Cap: $1.94T (Down 1%) HashRate: 764 EH/s Avg Fee Rate: 9 sats/vBtye (Down 25%) Nodes: 20,949 ---Reports--- -International Events- 1. Assad flees to Moscow as Syrian rebels capture Damascus: Israel said its military struck Syria’s chemical weapons capabilities on Monday morning after President Bashar al-Assad and his family fled to Russia following a swift rebel offensive. The leader of the main group behind Syria’s armed opposition, Abu Mohammad al-Jolani, called the toppling of President Bashar al-Assad a “victory for the entire Islamic nation” in his first public remarks since the rebels captured Damascus. US President Joe Biden welcomed the fall of the Assad regime. He described it as a “historic opportunity for the long-suffering people of Syria to build a better future,” but cautioned it was also a moment of risk and uncertainty in the region. (CNN) 2. Israel seizes Golan buffer zone after Syrian troops leave positions: Israel's prime minister has announced its military has temporarily seized control of a demilitarized buffer zone in the Golan Heights, saying the 1974 disengagement agreement with Syria had "collapsed" with the rebel takeover of the country. On Sunday, the IDF told residents of five Syrian villages inside the zone to stay in their homes until further notice. The Golan Heights is a rocky plateau about 60km (40 miles) south-west of Damascus. (BBC) 3. US conducts airstrikes on ISIS camps in Syria as Biden calls end of Assad regime an 'act of justice': The operation included “dozens of precision airstrikes” and more than 75 targets were hit using Air Force assets like B-52s, F-15s and A-10s in central Syria, CENTCOM said in a statement. “The strikes against the ISIS leaders, operatives, and camps were conducted as part of the ongoing mission to disrupt, degrade and defeat ISIS, in order to prevent the terrorist group from conducting external operations and to ensure that ISIS does not seek to take advantage of the current situation to reconstitute in central Syria.” (WION) 4. Taiwan Military On High Alert As China Warships Sail Near Island: Taiwan said its military was on high alert as Chinese warships sailed near the island on Monday, preparing for a strong response from China to President Lai Ching-te's stopovers in the United States. Taiwan said it had also detected Chinese coast guard vessels and that Beijing's People's Liberation Army (PLA) had restricted the airspace off the Chinese coast. (IBTimes) -US Events- 1. Trump Says He Plans To Pardon Jan. 6 Demonstrators On ‘First Day’ Of His Second Term: On Sunday, Trump told NBC’s Kristen Welker that people on the January 6th committee belong in jail and he plans to pardon the demonstrators on his first day. “I’m going to look at everything. We’ll look at individual cases,” Trump told Welker. “But I’m going to be acting very quickly.” (OANN) 2. UnitedHealthcare CEO Brian Thompson murder suspect on the run for nearly a week: John Miller, former NYPD deputy commissioner for intelligence and counterterrorism, told CBS News on Saturday that the hostel surveillance video of the person of interest is the "most significant clue to date." (Fox) -Regulatory and Legal- 1. Letters Show FDIC Warned Banks Away From Crypto Services: Newly disclosed correspondences between the FDIC and member banks reveal the agency instructed banks to pause all crypto asset-related activities until proper regulation was determined. The letters, published in compliance with a FOIA request by Coinbase, do not clarify if the FDIC completed a review on crypto-related activity. (Decrypt) 2. Warren Will Have Significant Say in Selecting the Democratic SEC Commissioner: Democratic party leadership is giving Massachusetts Senator Elizabeth Warren significant sway to choose who will fill the open slot for a Democratic commissioner at the SEC. The SEC can only have up to three commissioners from the same party. Currently, two of the Democrats on the commission include Chair Gary Gensler and Commissioner Jaime Lizárraga, who are both stepping down in January. Trump has already nominated Republican Paul Atkins as next SEC Chair to replace Gensler. The remaining two commissioners must therefore be Democrats, independents, or members of a third party, rather than Republicans. (Unchained) -Central Bank Digital Currencies/World Currencies- NSTR -Institutional Concerns- 1. Will Amazon Buy Bitcoin? Shareholders Propose 5% Investment: Shareholders of Amazon.com, Inc. (NASDAQ: AMZN) have submitted a proposal urging the $2.3 trillion technology conglomerate to consider adding Bitcoin to its balance sheet. The measure, submitted by the National Center for Public Policy Research and slated for discussion at Amazon’s 2025 annual shareholder meeting in April, calls on the company’s Board to assess whether incorporating BTC as a treasury asset would serve the best long-term interests of shareholders. (Bitcoinist) -Economic Indicators- 1. S&P 500, Nasdaq Notch Fresh Highs After Upbeat Payroll Data: The S&P 500 and Nasdaq set new record highs on Friday, up 0.2% and 0.8% respectively, fueled by a stronger-than-expected November jobs report that raised optimism about a Federal Reserve rate cut later this month. (TradingEconomics) 2. Government job creation over the past 2 yrs has been unusually high: In 23 months since Jan 2023, the government has created a total of 1.123M jobs, which was surpassed only 3 times on record (data going back to 1939), including: One month in 2000, 22 months from 1966-1968 (Vietnam War), and 21 months from 1941-1942 (World War 2). (ArkominaResearch) -Security Incidents and Concerns- 1. Coinbase responds to account restriction 'FUD': 'We're not ignoring you': Amid reports on X over the weekend from Coinbase customers that their accounts were suddenly restricted by the platform, Coinbase's @CoinbaseSupport X account has responded in a series of posts, asking customers, "Please bear with us and don’t believe everything you see on twitter." Reports of attacks targeting Coinbase users have also ticked up in recent weeks. "We’ve seen a surge of new users and old users re-activating their accounts post-election," the @CoinbaseSupport X account wrote in its thread. "Along with this surge, as is typical with surges, we’ve seen a 2-3x increase in fraudulent attempts...our fraud-prevention systems are acting as expected and have saved customers tens of millions in losses in November alone." (TheBlock) -Technology and Science- 1. Microsoft’s Bold Step into Blockchain Innovation: Microsoft has begun venturing deeper into blockchain technology, marking a strategic shift in its long-standing focus on software and cloud computing. The company is reportedly exploring blockchain-powered solutions in diverse areas, such as supply chain management and digital identity verification. (CoinTrust) -Bitcoin Community- 1. Financial Times apologizes for years of negative Bitcoin coverage after price hits $100K: FT Alphaville has issued an apology acknowledging its long-standing skepticism towards bitcoin, despite consistent critical coverage. This comes after bitcoin's price recently exceeded $100,000, leading to significant reader backlash. The editorial team reiterated that their past articles, which depicted bitcoin as inefficient and questioned its intrinsic worth, remain defended. However, they expressed regret for any influence their skeptical views may have had on readers' financial decisions. (CryptoBriefing) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 78/100 (Up 4 pts) Analyst Comments (AC): The misdirection prevalent throughout all media is staggering with respect to Bitcoin. Most headlines celebrating Bitcoin's success at $100K immediately redirect readers to the altcoin offerings and excitement of the latest and greatest coins. Bitcoin-curious people heading to the internet have almost no chance to grasp the fundamentals of Bitcoin or learn about it. It is no wonder the world does not trust those of us who represent or share about Bitcoin. The noise this cycle is going to be very loud! Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB) Block: 873,379 DTG/ICOD: 1200Z 05Dec24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Bitcoin Soars Past $100K / French Government Collapses / Genocide in Gaza, Says Amnesty Intl. / Taiwan President Speaks With US Speaker Johnson / CEO Assassination Draws Speculations / Paul Atkins Picked for SEC Head / Putin Says Bitcoin Can't Be Stopped / Fed's Powell Claims Bitcoin Not Store of Value / Chile Says No BTC Reserve / Blackrock's BTC ETF Breaks Records / Chinese Hack of US Telecoms Angers Lawmakers, Encrypted Apps Recommended / OpenAI Moves into Drones and DoD / Ethiopia Now Top 5 BTC Miners / MARA Prepares to Buy More BTC / Beware, AltSeason Begins Market Data: Price: 1 BTC= $103,108, 38.99 oz Gold, .24 Median US House 24hr Hi: $103,900 / Lo: $94,660 Vol: $131B (Up 92%) Mkt Cap: $2.04T (Up 8%) HashRate: 763 EH/s Avg Fee Rate: 9 sats/vBtye (Even) Nodes: 20,572 ---Reports--- -International Events- 1. French government collapses after no-confidence vote passes against Prime Minister Michel Barnier: The French National Assembly passed a vote of no-confidence on Wednesday, effectively collapsing the current government. Barnier is now expected to resign just a mere three months into holding his position. The conservative leader will be the shortest-serving prime minister in French history. The no-confidence vote, which was prompted by budget disputes, was a result of far-right and far-left French lawmakers banding together against the current government. (Fox) 2. Amnesty International says Israel is committing genocide in Gaza. Israel rejects the allegations: Amnesty International accused Israel of committing genocide in the Gaza Strip during its war with Hamas, saying it has sought to deliberately destroy Palestinians by mounting deadly attacks, demolishing vital infrastructure and preventing the delivery of food, medicine and other aid. “The deplorable and fanatical organization Amnesty International has once again produced a fabricated report that is entirely false and based on lies,” Israel’s Foreign Ministry said in a statement. Amnesty International Israel, a local branch of the organization that was not involved in the report, also disputed the allegation of genocide, in a rare public airing of internal dissent at the rights group. (AP) 3. Taiwan president spoke with US House Speaker Johnson, China warns of 'red lines': Taiwan President Lai Ching-te spoke by telephone with U.S. House Speaker Mike Johnson during Lai's visit to the Pacific, the presidential office said on Thursday, as Beijing called the Taiwan issue a "red line" not to be crossed in Sino-U.S. ties. Sources familiar with the situation have told Reuters that China could launch a new round of war games in response to Lai's trip to the Pacific, which included stopovers in Hawaii and the U.S. territory of Guam. (Reuters) -US Events- 1. UnitedHealthcare CEO Brian Thompson’s assassin may have left message on bullets used in murder: The at-large suspect who gunned down UnitedHealthcare CEO Brian Thompson outside a Midtown hotel may have left a message on the bullets he used to kill the executive Wednesday morning, according to police sources. The NYPD is investigating the possible message — which appears to include the words “deny,” “depose” and “defend” — engraved on live rounds and shell casings left behind by the masked assassin after he shot Thompson, 50, several times at about 6:46 a.m. before fleeing. Cops had recovered three live 9-millimeter rounds and three discharged casings in front of the Hilton hotel on Sixth Avenue. (NYPost) -Regulatory and Legal- 1. Crypto Approves Of Paul Atkins, Trump's Pick To Replace SEC Chair Gary Gensler: U.S. President-elect Donald Trump has officially nominated former Securities and Exchange Commission (SEC) Commissioner Paul Atkins to replace outgoing Chair Gary Gensler, marking a new era in the digital assets space. During his tenure as a Commissioner from 2002 through 2008, he was known for going against heavy-handed enforcement strategies in regulation. Atkins has spoken in some crypto-centric conferences, including CoinMarketCap's The Capital in 2019, and a Cardano (ADA) Summit. (IBTimess) (AC-This is a possible vector in support of a new altcoin season. Crypto may indeed support Atkins, complete with accolades from Ripple and Coinbase CEOs. If the top man at SEC is easy on altcoins, more will certainly pop up quickly.) -Central Bank Digital Currencies/World Currencies- 1. Vladimir Putin Pushes Bitcoin As A Viable Alternative To Dollar Reserves: Speaking at an investment conference in Moscow, Putin argued that the current geopolitical climate, particularly following the West’s freezing of approximately $300 billion in Russian reserves due to the Ukraine conflict, raises legitimate questions about the wisdom of holding state reserves in foreign currencies. “No one can prohibit the use of Bitcoin or other digital assets,” Putin asserted. (Bitcoinist) (AC-This is big news if acted upon!) 2. Bitcoin is a competitor to gold, not the US dollar, reiterates Fed’s Powell: “People use Bitcoin as a speculative asset. It’s just like gold, only it’s virtual, it’s digital,” Powell said at The New York Times-hosted DealBook Summit in New York on Dec. 4. “People are not using it as a form of payment or as a store of value. It’s highly volatile. It’s not a competitor for the dollar. It’s really a competitor for gold.”, he said. (CoinTelegraph) (AC-Either he doesn't understand how Bitcoin is being used, or is gaslighting in an attempt to make what he says to be true. If people aren't using Bitcoin as a store of value, why are plebs, companies and institutions establishing their own Bitcoin 'Treasuries'?) 3. No Bitcoin! Central Bank of Chile Rejects Adding BTC as a Reserve Asset: The Central Bank of Chile recently stated that it could not add bitcoin to its reserves, as this crypto asset fails to comply with the requirements to be included as a bank investment. (BitcoinCom) -Institutional Concerns- 1. BlackRock’s IBIT Hits $50 Billion in Record Time as Bitcoin Surges Past $100,000: BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed $50 billion in assets under management, achieving the milestone in just 228 days—more than five times faster than any other ETF in history. (Decrypt) -Economic Indicators- 1. Bitcoin Soars Above $100,000 For The First Time: After toying with its fanatical fan base for much of the past 2 weeks, teasing a breach of the "nice round number" resistance several times only to fade right below it, moments ago bitcoin finally erupted higher with an aggressive buyer taking advantage of the illiquid Asian session and sending the world's first digital token above $100,000 for the first time ever... and greenlighting the road to $200,000 and beyond. (ZeroHedge) -Security Incidents and Concerns- 1. US senators vow action after briefing on Chinese Salt Typhoon telecom hacking: U.S. government agencies held a classified briefing for all senators on Wednesday on China's alleged efforts known as Salt Typhoon to burrow deep into American telecommunications companies and steal data about U.S. calls. A U.S. official told reporters a large number of Americans' metadata has been stolen in the sweeping cyber espionage campaign, adding dozens of companies across the world had been hit by the hackers, including "at least" eight telecommunications and telecom infrastructure firms in the United States. (Reuters) (AC-In response, several government agencies encouraged usage of encrypted apps like signal or WhatsApp in the meantime.) -Technology and Science- 1. OpenAI Partners with Anduril to Enhance US Military Drone Defense: OpenAI and defense tech company Anduril announced yesterday a collaboration to enhance military drone defense capabilities, marking OpenAI's first major venture into the defense sector after revising its military application policy earlier this year. he partnership aims to protect US military personnel from drone threats by integrating AI models into defense systems, following recent incidents including unauthorized drone flights over Langley Air Force Base and nuclear facilities. (GroundNews) (AC-AI-enhanced drones are the next technology step in kinetic warfare. Jamming will no longer work if a link is no longer necessary.) -Bitcoin Community- 1. Ethiopia’s Bitcoin mining surge now accounts for 2.5% of global hash rate: On Dec. 4, local Bitcoin miner Kal Kassa stated: “Bitcoin miners in Ethiopia now command 2.5% of the global hash-rate. If trends continue, according to Ethiopian Electric Power (EEP), this will more than double within one year.” Ethiopia’s 2.5% contribution to the global Bitcoin hash rate would place it among the top five Bitcoin mining nations, joining established leaders like the United States, China, and the Czech Republic. (CryptoSlate) 2. Marathon Digital Prepares for $850 Million of Bitcoin Purchase: Bitcoin miner Marathon Digital (NASDAQ: MARA) has recently completed its $850 million convertible note offering at 0% interest, the proceeds of which shall go for additional Bitcoin purchases. The announcement comes just when BTC’s price smashed past the $100K milestone earlier today hitting a new all-time high. Speculations have started pouring in for BTC price to hit $125,000 by the year-end as part of the Christmas rally. (CoinGape) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 84/100 (Up 6 pts) Analyst Comments (AC): To all Bitcoin HODLers, congratulations on holding through a new round number of USD! As this Bitcoin bull market continues, however, just like all other bull markets, the shitcoin market and scams will exponentially increase. It is already evident as most crypto sites are emphasizing XRP, DogeCoin, Shiba, etc., instead of the foundation of the only truly decentralized digital asset. As Bitcoiners, it's our responsibility to continue to share the distinction with those we care about and keep others from shitcoining as much as possible. Human nature wants a quick win, which is why shitcoins continue. Also, as 'crypto'-friendly administrators take office under Trump, the will to clamp down on scammers may be lessened and politicians are confused over the 'industry'. Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
BTC Daily Intelligence Bulletin (DIB) Block: 873,216 DTG/ICOD: 1200Z 04Dec24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: South Korea Martial Law Lasts 6 Hours / China Withholds Rare Earth Materials / Georgia Protests Continue / CA Flips House Seat After Month-Long Vote Count / Pete Hegseth Draws Fire as DoD Head Pick/ 2.6% Of US Budget Goes to Migrants / Debanking Highlighted as Weapon / Mayor Adams Gloats Over Bitcoin Paycheck / Missouri Says No to CBDC / Coinbase Integrates Apple Pay / BTC ETS Have Huge Day, Week, Month / More Job Openings / Stocks Stabilize / Global Surveillance Out of Control / CashApp Drops Free BTC Transactions / Virgin Voyages Taking Bitcoin Payments / Foundry Slims Down Market Data: Price: 1 BTC= $95,730, 36.29 oz Gold, .22 Median US House 24hr Hi: $97,026 / Lo: $93,629 Vol: $68B (Up 8%) Mkt Cap: $1.89T (Up 1%) HashRate: 742 EH/s Avg Fee Rate: 9 sats/vBtye (Down 18%) Nodes: 20,468 ---Reports--- -International Events- 1. South Korea lifts president’s martial law decree after lawmakers reject military rule: President Yoon Suk Yeol, who appeared likely to be impeached over his actions, imposed martial law late Tuesday out of frustration with the opposition, vowing to eliminate “anti-state” forces as he struggles against opponents who control parliament and that he accuses of sympathizing with communist North Korea. Now Yoon faces likely impeachment, a scenario that was also possible before he made the bold move, Seiler said. Pentagon spokesman Maj. Gen. Pat Ryder said there was no effect on the more than 27,000 U.S. service members based in South Korea. (AP) 2. China Bans Key Materials Export to U.S. in Tech War Escalation: China has imposed a ban on the export of key high-tech materials including gallium, germanium, and antimony to the United States. This decision follows U.S. restrictions on exporting semiconductor technology to China, escalating tensions in a tech trade war between the two nations. These materials are critical for the production of semiconductors, which have both civilian and military applications, potentially affecting various high-tech industries globally. (X) 3. Demonstrators again converge on Georgia’s parliament after the country’s EU bid was suspended: Like on five previous nights, riot police used water cannons and tear gas to push back the protesters, who threw fireworks at police officers and built barricades on the Georgian capital’s central boulevard. Opposition member Kordzaia voiced confidence that the protesters will achieve their goal of calling new elections and joining the EU. (AP) -US Events- 1. Democrats flip final House seat of the 2024 elections, narrowing Republicans' majority: Democrat Adam Gray has defeated GOP Rep. John Duarte in a rematch in California’s 13th District in the Central Valley following weeks of ballot counting, NBC News projects, meaning Republicans won 220 House seats in the 2024 elections to Democrats’ 215. Thanks to Gray’s victory, Democrats netted one seat in the House elections, flipping nine Republican-held seats, mainly in blue states, as Republicans flipped eight Democratic-held seats. (NBC) (AC-If your count long enough, the race will eventually turn your way.) 2. Female Republican Senators Express Support for Pete Hegseth: Sen. Cynthia Lummis (R-WY) expressed full support for Defense Secretary nominee Pete Hegseth after meeting with him Monday amid an onslaught of hit pieces from the establishment media. Her support comes at a critical time, as Hegseth comes under attack from anonymous sources in reports about his alleged behavior when drinking or with women from as far back as 2014. (Breitbart) (AC-The onslaught against Hegseth is telling.) 3. Musks’s Department of Government Efficiency Highlights Current Spending of $150 Billion on Migrants: Illegal immigration has cost American taxpayers a blistering 2.6% of the entire U.S. government’s $6.1 trillion in federal spending for the entire 2023 fiscal year. (OAN) -Regulatory and Legal- 1. Debanking Isn't New—It Was Happening Before Chokepoint 2.0: Operation Chokepoint has received a new wave of attention and scrutiny following a Joe Rogan interview during which Marc Andreesen claimed the government has purposefully debanked more than 30 tech founders. It's not just tech that's paying attention, the crypto industry has been keenly aware of it for years. (Decrypt) 2. New York Mayor Eric Adams gloats about his Bitcoin paychecks amid 129% surge: ‘Who’s laughing now?’: In January 2022, when Adams assumed office, he received his first three paychecks in Bitcoin and Ether. “Go look at my Bitcoin now,” Adams gloated to reporters on Tuesday. “You all mock me. ‘You’re taking your first three paychecks in Bitcoin. What’s wrong with you?’ Now you wish you would have done it.” The mayor is currently facing criminal charges of bribery and campaign finance violations. He has denied all wrongdoing. (DLNews) -Central Bank Digital Currencies/World Currencies- 1. Missouri Senate introduces bill to disqualify CBDCs as legal tender: The Missouri Senate introduced SB 194 on Dec. 1, proposing to ban central bank digital currencies (CBDCs) as legal tender within the state. The bill seeks to prohibit public entities from accepting or using CBDCs and modifies the definition of “money” under the Uniform Commercial Code to exclude these digital currencies. (CoinDesk) -Institutional Concerns- 1. Coinbase Integrates Apple Pay for Seamless Fiat to Crypto Transactions: According to Coinbase’s statement, the “Coinbase Onramp takes the hassle out of fiat-to-crypto conversions with lightweight KYC for eligible purchases, free USDC on and offramping, and access to the most popular payment methods.” The integration also offers free USD Coin (USDC) transactions for both crypto on and off-ramping, as well as access to over 60 fiat currencies, 100 cryptocurrencies, and more than 20 blockchains with regulatory compliance. (BitcoinCom) 2. Bitcoin ETFs Add $676 Million in One Day as Holdings Approach Satoshi’s: After a record-breaking November, U.S. spot Bitcoin ETFs continue to see "robust" inflows in the final stretch of the year. (Decrypt) -Economic Indicators- 1. US Job Openings Rise More Than Expected: The number of job openings increased by 372,000 to 7.744 million in October 2024 from a downwardly revised 7.372 million in September and above market expectations of 7.48 million. (TradingEconomics) 2. US Stock Rally Pauses: Stocks remained mostly flat on Tuesday as a rally to record levels paused. The S&P 500 hovered just below unchanged, while the Nasdaq fell by 0.3%. The Dow Jones gained more than 35 points. This followed strong performances on Monday, where the S&P 500 and Nasdaq reached new highs. (TradingEconomics) -Security Incidents and Concerns- 1. Europol Dismantles Criminal Messaging Service MATRIX in Major Global Takedown: Europol on Tuesday announced the takedown of an invite-only encrypted messaging service called MATRIX that's created by criminals for criminal purposes. The joint operation, conducted by French and Dutch authorities under the moniker Passionflower, comes in the aftermath of an investigation that was launched in 2021 after the messaging service was discovered on the phone of a criminal convicted for the murder of a Dutch journalist Peter R. de Vries. (HackerNews) (AC-The global surveillance network in growing out of control. Expect every digital device, communication channel and software to be compromised and under nation-state and supra-national surveillance.) -Technology and Science- 1. Cash App Has Dropped Its Zero Fee Bitcoin $Cashtag Transfers: “Cash App will no longer support sending and receiving Bitcoin between $cashtags,” starting on Dec. 20, a recent announcement reads. However, customers outside of New York can still use Lightning Network to receive or send Bitcoin. BusinessDasher data shows that the payment super-app currently has over 57 million active users on its platform. (Decrypt) -Bitcoin Community- 1. Virgin Voyages Introduces 'Industry-First' Bitcoin-Payment Option for Cruises: Virgin Voyages has unveiled its Annual Pass, a bold first in the cruising world that allows cryptocurrency payments, including bitcoin (BTC). This offering brings a fresh twist to travel payments and aligns with the company’s forward-thinking ethos. (BitcoinCom) 2. Foundry Lays Off 16% of U.S. Employees as It Focuses on Core Business: Digital Currency Group (DCG) owned mining pool Foundry has laid off 16% of its U.S.-based employees and a "small team in India." "We recently made the strategic decision to focus Foundry on our core business – operating the #1 Bitcoin mining pool in the world and growing our site operations business – while we supported the development of DCG’s newest subsidiaries, including Yuma and the spinout of Foundry’s successful self-mining business." (CoinDesk) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 78/100 (Up 2 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: 873,074 DTG/ICOD: 1200Z 03Dec24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Israel-Hezbollah Ceasefire Under Fire / French Government Dissolves / US To Send Ukraine More / Patel As FBI Head Strikes Fear / AR Rep to Investigate Chokepoint 2.0 / Coinbase Drops Lawyers Supporting Anti-Crypto / USG Moves Almost $2B in BTC / Wharton Prof Says Bitcoin, Not BRICS Threaten USD / Japan Exchange Shuts Down After BTC Hack / Trezor Sales Up 600% / Is Today the Day for Alien Invasion? / Moore's Law Update / Cobra Says Bitcoin Soft Fork Next Year Market Data: Price: 1 BTC= $94,488, 35,70 oz Gold, .22 Median US House 24hr Hi: $97,430 / Lo: $94,455 Vol: $63B (Up 19%) Mkt Cap: $1.87T (Down 1%) HashRate: 728 EH/s Avg Fee Rate: 13 sats/vBtye (Down 10%) Nodes: 20,781 ---Reports--- -International Events- 1. Israel-Hezbollah ceasefire in Lebanon tested by intensifying cross-border strikes as both sides claim breaches: Israel unleashed its largest wave of airstrikes across Lebanon since agreeing to a ceasefire with Hezbollah last week, killing at least 11 people on Monday after the Lebanese militant group fired a volley of projectiles as a warning over what it said were Israeli truce violations. The projectiles were apparently the first time that Hezbollah took aim at Israeli forces after the 60-day ceasefire went into effect last Wednesday. (CBS) 2. French government faces collapse as left and far-right submit no-confidence motions: "The French have had enough," National Rally (RN) leader Marine Le Pen told reporters in parliament, saying Barnier, who only became prime minister in early September, had made things worse and needed to be pushed out. "We are proposing a motion of no confidence against the government," she said. Barring a last-minute surprise, Barnier's fragile coalition will be the first French government to be forced out by a no-confidence vote since 1962. Barnier's minority government had relied on RN support for its survival. The budget bill, which seeks to rein in France's spiraling public deficit through 60 billion euros ($63 billion) in tax hikes and spending cuts, snapped that tenuous link. (Reuters) (AC-Democratic governments cannot willfully stop profligate spending without being forced to. The voters will not support cuts to spending when they are reliant on them. The effects of MMT and expansionary government spending based on MMT are coming to a head globally.) -US Events- 1. US will send Ukraine $725 million more in counter-drone systems, anti-personnel land mines: President Joe Biden aims to utilize all military assistance funds for Ukraine approved by Congress before his administration ends on January 20, totaling around $7.1 billion. (GroundNews) 2. What a 'deep state' investigation could look like if Kash Patel becomes FBI director: Patel says the current and former U.S. officials who he claims orchestrated "Russia Gate" should be prosecuted, while "thousands and thousands and thousands" of government employees need to be fired for aiding the so-called "deep state" -- what conspiracy theorists claim is a cadre of career government employees working together to secretly manipulate policy, undermine elected leaders, and take down Trump. Comey, McCabe, Strzok, Page, Clinton, Brennan, Clapper, Barr, Rosenstein, Haspel, Esper, Hill and Sullivan are all among 60 current and former officials identified in Patel's book as "Members of the Executive Branch Deep State" -- people who he called "corrupt actors of the first order." (ABC) (AC-Designed as a FUD piece against Patel, this article gives a semi-accurate picture of some immediate actions Patel might accomplish.) -Regulatory and Legal- 1. Arkansas Republican French Hill Vows to 'Fully Investigate Operation Choke Point 2.0': Rep. French Hill (R) of Arkansas who currently serves as vice chairman of the House Financial Services Committee and as chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion, has pledged to “fully investigate” the alleged government effort to debank the crypto industry – dubbed “Operation Choke Point 2.0.” (BitcoinCom) 2. Coinbase Severs Ties With Law Firms Hiring Ex-SEC Officials: Coinbase CEO Brian Armstrong has announced the termination of ties with law firms hiring former SEC officials involved in what he considers an unjust campaign against the crypto industry. Armstrong specifically pointed out Milbank for hiring Gurbir Grewal, the former head of the SEC's Division of Enforcement. (Decrypt) -Central Bank Digital Currencies/World Currencies- 1. US government transfers $1.9 billion in Bitcoin to Coinbase Prime: A crypto wallet linked to the US government just transferred approximately 20,000 Bitcoin, valued at $1.9 million, to Coinbase, according to data tracked by Arkham Intelligence. The wallet’s Bitcoin holdings are linked to the seizure of assets from Silk Road, a notorious dark web marketplace that facilitated illegal drug and weapon trades before its shutdown in 2013. At the time of reporting, the US authorities still hold around $18 billion worth of Bitcoin, alongside other crypto assets like ETH (approximately $217 million) and USDT (around $122 million). (CryptoBriefing) (AC-Many notable Bitcoiners are panning this action as a bad strategic move for the US if they are being set up to sell. It is possible that they are looking at using Coinbase as a custodian for a possible Bitcoin Reserve, but less likely given the Biden administration's distaste for it.) 2. Bitcoin, Not BRICS, Is the True Threat to US Dollar Reserve, Warns Wharton Professor: Jeremy Siegel, professor emeritus of finance at the Wharton School said on CNBC, 'I find that really curious because I think the biggest threat to the dollar being used as a reserve currency is bitcoin, which we all hear Trump is a big supporter of.' (BItcoinCom) -Institutional Concerns- 1. U.S. ETFs for Bitcoin and Ethereum Show Strong Growth in November. Up Bigly: Record net inflows are seen in U.S. ETFs invested in Bitcoin and Ethereum, indicating a maturing market. Ethereum ETFs, led by BlackRock's ETHA, gained $467 million in late November, surpassing Bitcoin's modest performance. Bitcoin spot ETFs dominate with $105 billion in net assets, while Ethereum ETFs show potential growth. (Decrypt) -Economic Indicators- 1. S&P 500, Nasdaq 100 Close at Records: The S&P 500 and Nasdaq 100 closed at record highs to kick off December trading, gaining 0.2% and 1.1%, respectively, driven by large-cap tech stocks, while the Dow Jones slipped 128 points. (TradingEconomics) 2. Dollar Index Gains Almost 1%: The dollar index gained almost 1% to 106.7 on Monday, rebounding from a 1.6% fall last week which was the first weekly decline in nine weeks.(TradingEconomics) -Security Incidents and Concerns- 1. Japanese Crypto Exchange to Shut Down After $300M Hack, Transfer Accounts to SBI: Japanese crypto exchange DMM Bitcoin will transfer customer accounts and assets to SBI VC Trade by March 2025 following a massive cyberattack. (Decrypt) (AC-Not your keys, not your coin.) 2. Trezor Sees Record Sales Week as Bitcoin Approaches $100K: The hardware wallet company has reported a 600% increase in sales following the November US elections and recently recorded its highest-ever daily sales. Trezor’s new product line contributed significantly to this milestone. The hardware wallets Trezor Safe 3 and Trezor Safe 5 have gained much attention from users due to their user-friendly interface, sleek modern design, and robust security, thanks to Trezor’s open-source philosophy. (CoinGape) (AC-The same type of increase could be implied for ColdCard.) -Technology and Science- 1. Alien Invasion Rumor Sweeps Social Media: Social media platforms are buzzing with posts about an alleged alien invasion predicted by Clif High's 'Web Bots' software, originally from the late 1990s, set to occur on December 3, 2024. While no official confirmation exists, the posts range from serious speculation to jest. Additionally, recent UFO sightings over Texas and FBI investigations into drone activities in New Jersey add to the speculative atmosphere, though they remain unrelated in official reports. (X) (AC-The 'Web Bots' software is an interesting attempt to scour the internet and forecast the future based on web activity. It has notable successes and many failures.) 2. The Moore's Law Update: Humanity’s capacity to compute has compounded for as long as we can measure it, exogenous to the economy, and starting long before Intel co-founder Gordon Moore noticed a refraction of the longer-term trend in the belly of the fledgling semiconductor industry in 1965. (X Post by @FutureJurvetson) (AC-A great post on one of the most impactful theories of our lifetime, and is still relevant to our future.) -Bitcoin Community- 1. Cobra Warns of a New Bitcoin Soft Fork Next Year: Cobra, the operator and owner of the bitcoin.org domain, has alerted the community about a new development in the bitcoin world. He stated that unidentified bitcoiners outside of Bitcoin Core are preparing to introduce a user-activated soft fork (UASF) next year. In social media, Cobra stated: 'Some bitcoiners are going to attempt to soft fork in CTV through a UASF sometime in 2025. Not enough people are paying attention to this.' CTV stands for Check Template Verify, a series of improvements that introduce the concept of covenants to Bitcoin. Covenants are structures that establish spending conditions for the bitcoin stored in a determined wallet. (BitcoinCom) (AC-More research needed.) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 76/100 (Down 4 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: 872,202 DTG/ICOD: 1200Z 27Nov24 Precedence: Routine (RR) Controls: Public Release QQQQ __________________________ BLUF: Israel-Hezbollah Ceasefire Begins / Drones Spotted Over US Bases in UK Again / EU Social Media Regulator to Establish Truth in Romanian Elections / Trump-Biden Sign Transition MOU / MAHA Team Coming Together / Tornado Cash Case Dropped / Trump Eyes CFTC To Oversee Crypto Instead of SEC / Rwanda Bank to Regulate Crypto / US National Debt Hits $36T / US Stocks Up, BTC Down / Crypto Gives Low-Income Greater Chance for Homeownership / NASA Finds Cold-War Base in Greenland / Trump Eyes AI Czar / New BTC Hodlers Aren't Market Data: Price: 1 BTC= $93,672, 35.34 oz Gold, .22 Median US House 24hr Hi: $94,702 / Lo: $90,770 Vol: $76B (Down 22%) Mkt Cap: $1.86T (Up 1%) HashRate: 735 EH/s Avg Fee Rate: 8 sats/vBtye (Down 33%) Nodes: 19,032 ---Reports--- -International Events- 1. As Israel-Hezbollah ceasefire begins, residents in packed cars return to south Lebanon: A ceasefire between Israel and the Lebanese militant group Hezbollah appeared to be holding, as residents in cars heaped with belongings streamed back toward southern Lebanon despite warnings from the Israeli and Lebanese military that they stay away from certain areas. The agreement calls for a two-month initial halt in fighting and would require Hezbollah to end its armed presence in a broad swath of southern Lebanon, while Israeli troops would return to their side of the border. If Hezbollah breaks the agreement and tries to rearm, we will attack,” said Prime Minister Benjamin Netanyahu. “For every violation, we will attack with might.” (AP) 2. British forces deployed after drones spotted again over three US air bases in UK: Since last Wednesday, small drones have been spotted in England near the RAF Lakenheath, RAF Mildenhall, RAF Feltwell and RAF Fairford, the US Air Force in Europe announced. (KronenZeitung) (AC-No attribution has been announced.) 3. Romania asks EU to investigate TikTok’s election handling after ultranationalist’s stunning win: Romanian officials have alarmed the European Union's powerful social media regulator about irregularities on TikTok during the first round of the national presidential election. A top EU lawmaker demanded on Tuesday that TikTok's chief executive appear before the European Parliament to answer questions, and Romanian NGOs have urged the Commission to look into whether TikTok and other platforms complied with Europe's social media laws. (Politico) (AC-Straight out of Orwell's 'Ministry of Truth" paradigm, there can only be one source of truth, especially when it comes to elections.) -US Events- 1. Trump Team Officially Signs Transition Agreement with Biden White House to Formalize Transition — Will Be Privately Funded and Will Not Use Government Technology or Buildings: This bold decision reflects Trump’s commitment to saving taxpayers’ money while avoiding the pitfalls of entrenched bureaucracy and potential interference from the “Deep State.” The MOU signed with the Biden administration allows Trump’s team to access non-public government information, receive briefings, and deploy transition personnel to federal agencies. (GatewayPundit) 2. Trump names COVID lockdown critic Dr. Jay Bhattacharya as pick for NIH director: "Together, Jay and RFK Jr. will restore the NIH to a Gold Standard of Medical Research as they examine the underlying causes of, and solutions to, America’s biggest Health challenges, including our Crisis of Chronic Illness and Disease," Trump said in the statement. "Together, they will work hard to Make America Healthy Again?", Trump said. (ABC) -Regulatory and Legal- 1. Tornado Cash Case: Appeals Court Says Treasury OFAC 'Overstepped' Authority In Sanctions Move: Tornado Cash just had a major legal victory after an Appeals Court called on the United States to drop sanctions against the crypto anonymizing tool, also adding that the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) committed an overreach of authority in the case. (Various) 2. Trump Reportedly Eyes CFTC To Wield Lead Regulatory Hand In Crypto: The Trump administration is looking to give authority to the CFTC to regulate the spot market for Bitcoin and other altcoins, a new report revealed. If given the authority to oversee digital assets and cryptocurrencies, the CFTC may regulate tokens deemed commodities, as well as crypto exchanges, the report noted. There are also reports stating Trump is considering a new role that will focus entirely on crypto policy, which could then turn the tides in favor of the burgeoning industry. (IBTimes) 3. Rwanda Preparing to Regulate Cryptocurrencies: 'Cannot Get Rid of Them,' Says Governor: Rwanda is poised to implement regulations governing the use and trade of cryptocurrencies, according to John Rwangomba, governor of the National Bank of Rwanda (NBR). This disclosure came in response to a lawmaker’s inquiry about the central bank’s stance on Bitcoin. While Rwangomba’s response did not explicitly endorse cryptocurrency, it marked a shift from the NBR’s previous public pronouncements. (BitcoinCom) -Central Bank Digital Currencies/World Currencies- 1. US National Debt Reaches $36 Trillion: Biden’s administration has seen debt numbers rise from $28 trillion to more than $36 trillion, growing by over $8 trillion in just three years. Analysts have stated that these constant debt increases are very significant to the future of bitcoin, claiming that if the U.S. finally adopts a strategic bitcoin reserve, it can reset the world’s economy. Samson Mow, CEO of JAN3, has also linked the debt rise to a possible bitcoin rebase of the national currency. “Either there’s going to be a debt jubilee or the U.S. dollar has to rebase to bitcoin. (BitcoinCom) (AC-For perspective, the interest payments on this debt now outpace all US defense expenditures.) -Institutional Concerns- NSTR -Economic Indicators- 1. S&P 500, Dow Close at Fresh Records: The S&P 500 gained 0.6% and reached a new record high on Tuesday, along with the Dow, which rose 118 points. The Nasdaq also saw a 0.6% increase as markets continued to weigh the potential effects of trade barriers following tariff threats from President-elect Donald Trump. (TradingEconomics) 2. Fed To Adopt Gradual Rate Cuts: Federal Reserve officials conveyed optimism that inflation is subsiding and the labor market remains robust, supporting the possibility of further interest rate cuts, though at a measured pace, minutes from November 6-7 meeting showed. (TradingEconomics) 3. Crypto windfalls boost homeownership dreams for low-income Americans: Low-income households in the United States are turning crypto profits into opportunities for homeownership, as revealed by a Nov. 26 report from the Office of Financial Research (OFR), a US Treasury Department research arm. “For low-income households, average mortgage debt balances and mortgage-holding rates sharply increased in zip codes with high crypto exposure. This indicates that low-income households may be using crypto gains to take out new mortgages and to take out larger mortgages.” (CryptoSlate) -Security Incidents and Concerns- NSTR -Technology and Science- 1. NASA aircraft uncovers site of secret Cold War nuclear missile tunnels under Greenland ice sheet: NASA scientists conducting surveys of arctic ice sheets in Greenland got an unprecedented view of an abandoned "city under the ice" built by the U.S. military during the Cold War. As it turns out, this abandoned "secret city" was the site of a secret Cold War project known as Project Iceworm which called for the construction of 2,500 miles (4,023 km) of tunnels that could be used to launch nuclear intermediate range ballistic missiles (IRBMs) at the Soviet Union. (SpaceCom) 2. Donald Trump Eyes AI Czar In White House: A report on Tuesday revealed that Trump is making this decision to coordinate federal policy and the governmental use of this emerging technology. Simultaneously, the report indicated that Elon Musk will not be in the mentioned AI role but is expected to be involved in shaping the future and use cases of the model. (CoinGape) -Bitcoin Community- 1. Bitcoin $2B daily profit-taking involves mostly new hodlers: Examining cumulative realized profit delineated by age group, researchers confirmed that profit-taking has broadly been confined to entities hodling coins between six and 12 months. “Coins aged between 6 months and 1 year dominate the prevailing sell-side pressure, accounting for 35.3% of the total,” GlassNode reported. (AC-They are not hodlers if they aren't hodling.) (CoinTelegraph) -Bitcoin Sentiment- 1. Fear(0)/Greed(100) Index: 75/100 (Down 4 pts) Analyst Comments (AC): "Gratitude is the single most important ingredient to living a successful and fulfilled life." -Jack Canfield Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r ____________________ Analyst: BV2A END REPORT NNNN *NSTR-Nothing Significant To Report image
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