BTC Daily Intelligence Bulletin (DIB)
Block: 861,141
DTG/ICOD: 1200Z 13Sep24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Putin Threatens Global War of Long-Range Missiles, Expels UK Diplomats / Russian Counteroffensive in Kursk Begins / US Announces China Tariffs / Boeing Goes on Strike / BRICs Gains, Hint at Paramilitary Org. / Trump Family Launches Crypto Alternative / OpenAI Launches Advanced Reasoning Model / Billionaire Spacewalks with SpaceX / BTC Mining Difficulty at ATH
Market Data: Price: 1 BTC= $58,087, 22.66 oz Gold, .13 Median US House
24hr Hi: $58,534 / Lo: $57,247
Vol: $29B (Down 20%)
Mkt Cap: $1.15T (Even)
HashRate: 624 EH/s
Avg Fee Rate: 3 sats/vBtye (Down 25%)
Nodes: 19,159
---Reports---
-International Events-
1. Putin threatens NATO amid reports of long-range weapons being allowed to strike inside Russia: Russian President Vladimir Putin claimed that NATO is escalating a direct war with Russia as the U.S. and Britain discuss allowing NATO-provided weapons to be used by Ukraine to strike targets inside Russia. “This would in a significant way change the very nature of the conflict,” Putin said on Thursday. “It would mean that NATO countries, the US, European countries, are at war with Russia.” (TheHill)
2. Russia expels six UK diplomats as tensions rise over Ukraine missiles: Russia's FSB security service said on Friday it had revoked the accreditation of six British diplomats in Moscow after accusing them of spying and sabotage work, signalling the Kremlin's anger at what it sees as London's vital role in helping Ukraine. (Reuters)
3. Russian counteroffensive in Ukrainian-controlled Kursk begins, says Zelensky: Ukrainian President Volodymyr Zelensky announced Thursday that Russia had launched a counteroffensive to take back the parts of its Kursk region occupied by Ukrainian forces last month. In the past two days, though, the Russian Defense Ministry said that its troops had reclaimed 10 settlements in the region. (WaPO)
-US Events-
1. US locks in steep China tariff hikes, many to start Sept. 27: The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to strengthen protections for strategic domestic industries from China's state-driven excess production capacity. The U.S. Trade Representative's office told Reuters that many of the tariffs, including a 100% duty on Chinese EVs, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals, would go into effect on Sept. 27. (Reuters)
2. Boeing Union Goes On Strike, Halting 737 Production: Thousands of machinists who build Boeing’s 737, 777 and 767 jets walked off the job shortly after midnight Pacific time Friday, after rejecting a labor deal struck between the union’s leaders and Boeing’s executives. The contract offered 25% wage increases over four years. (WSJ)
-Regulatory and Legal-
NSTR
-Central Bank Digital Currencies-
1. BRICS Gains Global Appeal as 34 Countries Show Interest, Putin Reveals: Putin was quoted by Tass as saying, "We cannot ignore the growing interest in BRICS on the part of many countries. As of today … 34 countries, to be precise, have already expressed interest in joining the activities of our group in one form or another. The Russian president recently expressed confidence that the BRICS economic bloc will establish its own parliamentary organization in the future. (BitcoinCom) (AC-This last statement shows the normal progression of global power competition. First is economic alignments and trade, then financial and currency standardization, then military power to protect the union. )
-Institutional Concerns-
1. Donald Trump Announces World Liberty Financial Launch — 'We're Embracing the Future With Crypto': Former U.S. President Donald Trump has announced the launch of his family’s cryptocurrency platform, World Liberty Financial, positioning it as an alternative to traditional banks. He encouraged users to join a live event on X next Monday. “We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump said. (BItcoinCOm) (AC-Interesting timing and trajectory of this effort. Bitcoiners might scoff at this effort, so might legacy financial institutions, but let's see what details emerge first.)
-Economic Indicators-
1. US Producer Prices Rise More than Expected: Factory gate prices in the US increased 0.2% mom in August 2024, following a downwardly revised flat reading in July and above forecasts of 0.1% (TradingEconomics)
2. US 10-Year Yield Remains Under Pressure: The yield on the US 10-year Treasury held around 3.65% on Friday, hovering near its lowest levels since May 2023 amid growing speculation that the Federal Reserve could deliver a more aggressive rate cut next week. Markets are currently assigning a 57% chance that the Fed will deliver a 25 basis point rate cut, with a 43% odds seen for a larger 50 bps reduction, according to CME’s FedWatch Tool. (TradingEconomics)
-Security Incidents and Concerns-
1. New Linux Malware Campaign Exploits Oracle Weblogic to Mine Cryptocurrency: The activity, which specifically singles out the Oracle Weblogic server, is designed to deliver a malware strain dubbed Hadooken, according to cloud security firm Aqua. "When Hadooken is executed, it drops a Tsunami malware and deploys a crypto miner," security researcher Assaf Moran said. (HackerNews)
-Technology and Science-
1. OpenAI releases o1 model with human-like reasoning: OpenAI is releasing a new artificial intelligence model known internally as “Strawberry” that can perform some human-like reasoning tasks, as it looks to stay at the top of a crowded market of rivals. The new model, called o1, is designed to spend more time computing the answer before responding to user queries, the company said in a blog post Thursday. With the model, OpenAI’s tools should be able to solve multi-step problems, including complicated math and coding questions. (Fortune)
2. First Commercial Spacewalk: Billionaire Jared Isaacman Leads Polaris Dawn Mission, Praises Earth's Beauty From Above: In a big move for private space travel, two astronauts did the first-ever spacewalk paid for by a business on the Polaris Dawn trip. They wore new slimmer SpaceX spacesuits. Billionaire Jared Isaacman put money into this project, hoping to explore new limits in space without needing the government. The end goal? Cheaper and easier space trips. (TechTimes)
-Bitcoin Community-
1. Bitcoin Mining Difficulty Surges: Miners Face Toughest Conditions Yet: The difficulty in mining Bitcoin has surged to a new record level, hence squeezing profit margins. Reaching 92.67 trillion, the difficulty index exceeded the previous record peak of 90.67 trillion set in July this year. This 3.6% rise represents the increased competitiveness resulting from record-breaking hashrate values. It emphasizes how resilient and secure the network is becoming since mining Bitcoin calls for more computational capability. (Bitcoinist)
2. Bitcoin and Crypto Exchange HTX To Integrate Lightning Network: HTX, one of the largest Bitcoin and crypto exchanges globally, announced it will be integrating the Bitcoin Lightning Network in partnership with Bitcoin firm IBEX. With over 45 million registered users, HTX is a leading Bitcoin and crypto platform in Asia and worldwide based on trading volume and Bitcoin custody. The exchange now plans to incorporate Lightning Network capabilities into its ecosystem. (BitcoinMag)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 32/100 (Up 1 pts)
Analyst Comments (AC): Quite a bit of news articles today are focused on Russia, with Putin's response to the possibility of Ukraine using US and UK long-range missiles on Russia, the counteroffensive in Kursk and the rising power of BRICS. It could be simply newsworthy information coming to light today or another option could be the media's concerted effort to portray Russia as a unifying opponent right before a critical US election. The fear being stoked could also be used to delay or subvert the election process in one way or another. Look for 'interpretations' of the Russia information on mainstream media over the next week for clues.
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Bitcoin Veterans SITREP: The Power of Bitcoin. Can it Resist Government Control and Influence?
BTC Daily Intelligence Bulletin (DIB)
Block: 861,003
DTG/ICOD: 1200Z 12Sep24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Russian Drones Knock Out Power Stations / Fmr. Peru Leader Fujimori Dies / DHS Designates Jan 6th 'National Security Event" / Venezuelan Gang Expands in US / UK Bill To Recognize Digital Assets as Property / SEC Chair Gensler Under Investigation / CBDCs are Digital Control / Stocks Up on CPI Data / SpaceX Civilian Astronauts Conduct Spacewalk / India, Nigeria, Indonesia Lead 'Crypto' Adoption
Market Data: Price: 1 BTC= $58,058, 23.04 oz Gold, .13 Median US House
24hr Hi: $58,454 / Lo: $55,567
Vol: $36B (Up 13%)
Mkt Cap: $1.15T (Up 2%)
HashRate: 582 EH/s
Avg Fee Rate: 4 sats/vBtye (Up 33%)
Nodes: 19,321
---Reports---
-International Events-
1. Russian drones pound power system in Sumy region town, 14 people hurt, Ukraine says: Russian drones inflicted significant damage to the northern Ukrainian town of Konotop's energy infrastructure in an overnight attack that injured at least 14 people and cut electricity to the settlement, local officials said on Thursday. Rescuers were working to restore power in the town, which had a pre-war population of about 83,000. Regional officials said there had been 10 explosions during the attack and Mayor Artem Semenikhin said the power system was in critical condition. (Reuters)
2. Former Peruvian leader Alberto Fujimori dies at 86: Peru's former President Alberto Fujimori, who was convicted of human rights abuses and corruption, has died aged 86. Fujimori governed Peru between 1990 and 2000 before being forced from office amid allegations of corruption. His tough stance against a left-wing guerrilla insurgency at a time when the rebels looked likely to seize power won him plaudits from many. (BBC)
-US Events-
1. Department of Homeland Security designates Jan. 6, 2025, a ‘National Special Security Event’: The federal government has designated Congress’ certification of electoral votes in the upcoming 2024 presidential election to be a “National Special Security Event,” the Secret Service announced Wednesday. The special designation was approved by Homeland Security Secretary Alejandro Mayorkas and means law enforcement agencies will dramatically beef up security for the Jan. 6, 2025, tally – in an effort to prevent another riot at the Capitol Building. “When an event is designated a National Special Security Event, the US Secret Service assumes its mandated role as the lead agency for the design and implementation of the operational security plan.” (NYPost)
2. A Venezuelan Gang Is Expanding Its Deadly Reach to the U.S.: U.S. law-enforcement officials had watched with alarm the spread of a Venezuelan gang known for dismembering rivals from Chile to Colombia. But the gang, known as the Tren de Aragua, seemed contained in Latin America. American officials fear the same pattern emerging in the U.S., where more than 700,000 Venezuelans have settled in the past four years. Tren de Aragua members are suspects in the shooting of two New York police officers, the killing of a former Venezuelan police officer in South Florida, and crimes from Chicago to Texas, law-enforcement authorities said. In all, there are now more than 100 investigations in the U.S. involving suspected members of Tren de Aragua, said a high-ranking Immigration and Customs Enforcement official. (WSJ)
-Regulatory and Legal-
1. UK Bill Recognizes Digital Assets as Personal Property Under New Law: The UK Ministry of Justice has introduced the Property (Digital Assets etc.) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes. It also positions the UK as a leader in global digital asset regulation, boosting its economy and legal services. (BitcoinCom)
2. SEC Under Scrutiny: House Republicans Investigate Gensler’s Political Hiring Practices: U.S. House Republicans have launched an investigation into the Securities and Exchange Commission (SEC), focusing on allegations that the agency’s hiring practices may be influenced by political affiliations. The probe, led by GOP lawmakers Jim Jordan, Patrick McHenry, and James Comer, aims to determine whether the SEC has violated federal law by considering political ideology when filling senior positions. (Blockonomi)
-Central Bank Digital Currencies-
1. Central Bank Digital Currencies: Digital Currency or Digital Control?: Central bankers and other policymakers may argue that CBDCs are the future of money, but whether the end result is a waste of resources or a threat to fundamental freedoms, this future is not one that should be welcomed. Considering all signs currently seem to suggest that governments will push forward with CBDCs, it is up to the people to get involved in the conversation before the decision is made for them. (Cato) (AC-A freedom-perspective article on recharacterizing CBDCs as digital control.)
-Institutional Concerns-
1. Spot bitcoin ETFs see $43 million in outflows, breaking two-day inflow run: Spot bitcoin exchange-traded funds in the U.S. posted total daily net outflows of $43.97 million on Wednesday, ending a two-day streak of positive flows. (TheBlock)
-Economic Indicators-
1. US Stocks Close Sharply Higher on Tech Boost After CPI: US Stocks closed sharply higher on Wednesday, boosted by tech stocks as investors assessed the latest inflation data and its implications for the Federal Reserve’s upcoming policy decision. The S&P 500 rose 1%, extending its winning streak to three sessions, while the tech-heavy Nasdaq surged 2.2% (TradingEconomics)
-Security Incidents and Concerns-
NSTR
-Technology and Science-
1. Watch SpaceX's Polaris Dawn mission conduct the first all-civilian spacewalk in history: SpaceX's Polaris Dawn mission finally launched on Tuesday, after a series of delays pushed back its commencement date. Now the crew of the private spaceflight are scheduled to take the first ever commercial spacewalk — and the entire thing will be livestreamed so we can watch it here from Earth. (Mashable)
-Bitcoin Community-
1. India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index: India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. (BitcoinCom)
2. Why Bitcoin Mining Produced an Empty Block at Height 860932 Today: Bitcoin mining by Foundry USA today produced an empty block at block height 860932. Empty Bitcoin blocks, such as block 860932, are blocks that contain only the coinbase transactions and no additional transactions from the mempool. The mining of empty blocks usually occurs due to the technical delay between validating a block and receiving the transactions in the mempool. (CoinGape)
3. Anthony Scaramucci Teases New Bitcoin Book Featuring Foreword by Michael Saylor: Anthony Scaramucci, CEO of SkyBridge Capital, has hinted at his upcoming book The Little Book of Bitcoin. In a recent tweet, Scaramucci revealed that Michael Saylor, co-founder of MicroStrategy and a major Bitcoin supporter, has written the foreword for the book. Scaramucci praised Saylor as a “living legend” and expressed appreciation for his contribution to the book. (CoinSpeaker)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 31/100 (Down 6 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 860,878
DTG/ICOD: 1200Z 11Sep24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Judicial Reform Passes in Mexico, Protests Erupt / Iran Refutes Missile Supply to Russia / Hurricane to Hit Louisiana / Presidential Debate Ignites Rhetoric / Binance Exec Withers in Nigerian Jail / Digital Yuan Making Strides / BTC ETFs Big Hit with Retail and Advisors / CPI Core: 3.2% Indonesian Crypto Exchange Hacked / AI Writes About AI / Solo Miner Hits Jackpot / 5Th Gen Warfare Front and Center This Year
Market Data: Price: 1 BTC= $56,483, 22.54 oz Gold, .13 Median US House
24hr Hi: $58,029 / Lo: $56,111
Vol: $32B (Down 4%)
Mkt Cap: $1.12T (Down 2%)
HashRate: 572 EH/s
Avg Fee Rate: 3 sats/vBtye (Down 40%)
Nodes: 19,321
---Reports---
-International Events-
1. Protests in Mexico as controversial judicial reform passed: Mexico's Senate has approved a controversial judicial reform under which judges will be elected by popular vote. Its supporters say the changes will make judges more accountable to the Mexican people but critics argue it undermines the country's system of checks and balances and will strengthen the power of the governing Morena party. The bill has triggered strikes and protests, with demonstrators earlier breaking into the building where the vote was due to take place. (BBC)
2. Iran pledges reaction to Western sanctions over Russian missile supply: Iran has condemned allegations by Western countries that it has supplied short-range missiles to Russia for use against Ukraine and pledged to respond to new sanctions imposed by a trio of European states. Ministry of Foreign Affairs spokesman Nasser Kanaani called the sanctions announced by Britain, France and Germany “economic terrorism” against the people of Iran. (AlJazeera)
-US Events-
1. Hurricane Francine charges toward Louisiana coast: Multiple parishes in Louisiana have issued mandatory evacuation orders as the Category 1 hurricane is set to make landfall Wednesday afternoon. State and local officials are urging residents to prepare for the storm's wrath, which is also expected to bring widespread power outages, significant flooding and substantial property damage. (Fox)
2. Harris Baits Trump in Fiery Presidential Debate: The candidates square off in Philadelphia with polls essentially tied eight weeks before Election Day. Her performance Tuesday night quickly earned her one of the most coveted endorsements—that of megastar Taylor Swift, who posted on Instagram that she would be voting for the vice president. (WSJ) (AC-The reports on the debate are wildly partisan with some outlets declaring complete victory for Harris, some for Trump, and a plethora of 'fact-checking', the new term for partisan spin. What can be objectively ascertained is that Harris did better than many expected and that neither candidate elaborated on substantive policy discussion, oh yeah, and that legacy media outlets are very pro-Harris.)
-Regulatory and Legal-
1. Nigeria postpones bail hearing for Binance executive: Tigran Gambaryan, the Binance executive detained in Nigeria on account of the exchange’s alleged crimes, will have to wait another month for a decision on his bail plea. Gambaryan appeared before an Abuja court after his legal team filed a new bail application, citing his failing health. The application claimed that the former IRS officer had developed multiple conditions in the six months he has been in prison, including malaria and pneumonia. (CoinGeek)
-Central Bank Digital Currencies-
1. China's Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals: China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank digital currency (CBDC) have been conducted in 17 different areas, accumulating a total transaction value of 7 trillion yuan (close to $1 trillion). In addition, China is working with several nations on a cross-border digital currency project, aiming to enhance global payment systems. (BitcoinCom)
-Institutional Concerns-
1. Standard Chartered Now Offers Bitcoin and Ethereum Custody Services in UAE: Standard Chartered has launched a digital asset custody service in the UAE, licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, starting with bitcoin and ethereum. Brevan Howard Digital is the first client, and the bank plans to expand into more digital assets. (Decrypt)
2. US spot bitcoin ETFs rebound with $117 million in daily inflows led by Fidelity’s FBTC: Spot bitcoin exchange-traded funds in the U.S. posted total daily net inflows worth $116.96 million on Tuesday. The funds shifted to net inflows on Monday, ending their eight-day streak of negative flows. (TheBlock)
3. Investment Advisors Adopting Bitcoin ETFs Faster That Any Exchange-Traded Fund in History, Says Bitwise CIO: Posted on X, "The truth is that investment advisors are adopting Bitcoin ETFs faster than any other ETF in history. It is just that their historic flows are overshadowed by the even-more-historic purchases of other investors. It is accurate to say that investment managers represent a small fraction of buyers of Bitcoin ETFs. But it is not accurate to say that investment manager purchases of Bitcoin ETFs are ‘small.'” (DailyHODL)
-Economic Indicators-
1. Bitcoin’s correlation with Nasdaq rises to 0.39, diverges from gold at -0.40: Julio Moreno from CryptoQuant shared data showing that Bitcoin currently indicates a positive correlation of +0.39 with the Nasdaq index while displaying a negative correlation of -0.40 with gold over 30 days. This data showcases Bitcoin’s increasing ties to risk assets like tech stocks rather than behaving as a safe-haven asset like gold. (CryptoSlate) (AC-To be taken in context, correlation studies like this are subject to many changing variables and ultimately reflect a statement on human psychology, which can be fickle.)
2. CPI 0.2% MoM, Exp. 0.2%, CPI Core 0.3% MoM, Exp. 0.2%
CPI 2.5% YoY, Exp. 2.5%, CPI Core 3.2% YoY, Exp. 3.2%
(ZeroHedge)
-Security Incidents and Concerns-
1. Indonesian crypto exchange Indodax goes offline after suspected $22M hack: The breach compromised hot wallets on Indodax, resulting in the loss of Bitcoin, Ether, Tron, Polygon, and Optimism. Indodax has temporarily suspended operations. (CoinTelegraph)
-Technology and Science-
1. AI, Robotics Advances Will Bring ‘Crisis of Meaning’, Elon Musk Says: Tesla CEO Elon Musk said he sees a future where humans will have to figure out new ways to give their lives purpose, thanks to advancements in artificial intelligence and robotics. (Decrypt) (AC-Notice this is an AI-generated article about the future of AI.)
-Bitcoin Community-
1. Another Solo Bitcoin Miner Wins Block, Nabs $180,000 Reward: According to MempoolSpace, block 860749 was mined by Solo CK—a unique mining pool that doesn’t split mining rewards between its participants. That means one miner won a full 3.169 BTC (worth about $181,000 as of writing) for their efforts, inclusive of Bitcoin’s full block subsidy and the block’s transaction fees. (Decrypt)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 37/100 (Up 4 pts)
Analyst Comments (AC): In the era of 5th generation warfare (5GW), where the mind of the populace is the battlefield, media reporting is a large conduit for manipulation. For centuries this has taken the form of propaganda, but increases in technology and leverage have given the participants in the battle of 'hearts and minds' an advantage. The structure of world geopolitics, resting upon the hegemony of the US empire, is wholly fascinated and focused on the US Presidential election for future direction. This year, being an election year, is the climax of a 5GW cycle that begins with narratives, channels for those narratives, and amplification in other domains of warfare (economic, political, kinetic, subversive, etc.). The legacy and new media is in full-on war mode in affecting this change and reporting is far from objective. In other words, the current news cycle is one of manipulation and fabrication for your 'heart and mind'.
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Bitcoin Veterans sat down with nostr:npub18c6feuc4mljrped7jc5y68tsujlpguayuz57p4pqaw4sdjkdzz4sg0yyww at his Pleb Party in Nashville, where he was generous enough to give us access to the back room to conduct interviews with some of his amazing guests
Here is our interview with Ander’s
https://cdn.satellite.earth/de79ec951c653baf442db230918aff9f0d1fa90384288a1321b3d6cb4ed134a5.mp4
BTC Daily Intelligence Bulletin (DIB)
Block: 860,750
DTG/ICOD: 1200Z 10Sep24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Hamas Command Center Struck in Gaza / Ukrainian Drones Target Moscow / Another USG Shutdown Possible / Presidential Debate Tonight / Kentucky Shooter Is a Veteran / Class Action Suit Against Coinbase Continues / NC Passes Anti-CBDC Bill / Putin Admits to Mining BTC / Consumer Credit Growth Doubles Expectations / Ford Wants to Spy on Your Car Conversations / US House Votes to Ban DJI Drones / New DOJ Antitrust Suit Against Google / Three Years of El Salvador's Bitcoin Strategy
Market Data: Price: 1 BTC= $57,283, 22.83 oz Gold, .13 Median US House
24hr Hi: $58,041 / Lo: $54,848
Vol: $34B (Up 40%)
Mkt Cap: $1.13T (Up 4%)
HashRate: 628 EH/s
Avg Fee Rate: 5 sats/vBtye (Up 150%)
Nodes: 19,378
---Reports---
-International Events-
1. Dozens reported killed in Israeli strikes on ‘Hamas command center’ in Gaza humanitarian area: At least four Israeli missiles struck the tent encampment near Khan Younis which is now home to thousands of civilians who fled their war-torn homes — as well as a Hamas command center, according to the IDF’s claims. The military said it used “precise munitions, aerial surveillance, and additional means” to mitigate the risk of striking innocent civilians who were sheltering from the war in the encampment, according to CNN. An official with Hamas’ civil defense authority told BBC that 40 people were killed in the attack and 60 others were wounded. (NYPost)
2. A woman is killed near Moscow as over 140 Ukrainian drones target Russia: Over 140 Ukrainian drones targeted multiple Russian regions overnight, including Moscow and surrounding areas, killing at least one person, officials said Tuesday, in one of the biggest drone attacks on Russian soil in the 2 1/2-year war. (AP)
-US Events-
1. Government shutdown threat looms over Congress' return: Lawmakers will return to Capitol Hill on Monday after a lengthy August recess to kick off a government funding fight with just three weeks to avert a shutdown. Congress has until Oct. 1 to fund the government during the pre-Election Day sprint. With the abbreviated timeline, lawmakers will almost certainly need to pass a stopgap measure to keep the government funded — leaving the full-year funding effort for a later date. (CBS)
2. Harris and Trump ‘neck and neck’ heading into crucial debate: The vice president and her Republican rival are separated by just one point days before they take the debate stage in Philadelphia the poll by The New York Times/Siena College found. Tuesday night’s ABC News debate will be the first for Harris but the second for Trump after he took on Joe Biden in June. (IndependentUK)
3. Suspected Kentucky interstate shooter has military background, still on lam 48 hours after attack: The suspect, identified as 32-year-old Joseph A. Couch, opened fire around 6 p.m. Saturday near exit 49, authorities said, adding that the shooter fired 20 to 30 rounds, striking 12 vehicles. The U.S. Army said Couch was in the Army Reserve from March 2013 to January 2019 as a 12B combat engineer. "He was a private at the end of service. He has no deployments," the U.S. Army said. (Fox)
-Regulatory and Legal-
1. Class Action Suit Against Coinbase Will Continue, Judge Rules: Last week, a U.S. judge partially denied Coinbase's request to dismiss a class action lawsuit from shareholders who accused the exchange of misleading them about the possibility of being sued by the SEC. The judge ruled that while the plaintiffs had a plausible case of negligence on Coinbase's part, most of the allegations were not plausible. Coinbase's motion to dismiss was granted in part and denied in part. (Decrypt)
-Central Bank Digital Currencies-
1. North Carolina Senate overrides governor veto, passes bill banning CBDC: The bill forbids the state of North Carolina from accepting CBDCs as a form of payment and prohibits it from participating in future CBDC tests conducted “by any Federal Reserve branch.” (CoinTelegraph)
-Institutional Concerns-
1. Putin Acknowledges Russia as a Bitcoin Mining Leader; 54,000 BTC Mined in 2023: During his speech at the Eastern Economic Forum, President Vladimir Putin stated that Russia had become one of the world leaders in bitcoin mining. He explained that this was made possible due to the energy surplus that can be leveraged in areas like Siberia, but also warned that these activities should not hinder the region’s development. (BitcoinCom)
2. Bitcoin ETFs mark first positive inflow in 2 weeks though BlackRock sees 3rd outflow: Data indicates that Bitcoin ETFs have seen a shift, with a $28.6 million inflow marking the first positive inflow since Aug. 26, following eight consecutive trading days of outflows. (CryptoSlate)
-Economic Indicators-
1. US Consumer Credit Growth Surprises in July: Total consumer credit in the U.S. surged by $25.45 billion in July 2024, significantly higher than the $12.5 billion increase expected by markets, and well above the downwardly revised $5.23 billion rise in June. This marked the largest credit growth since November 2022, driven by substantial increases in both revolving and non-revolving debt.
-Security Incidents and Concerns-
1. Ford seeks patent for tech that listens to driver conversations to serve ads: Ford Motor Company is seeking a patent for technology that would allow it to tailor in-car advertising by listening to conversations among vehicle occupants, as well as by analyzing a car’s historical location and other data, according to a patent application published late last month. (RecordedFuture) (AC-This is the type of story that needs groundswell support to push back against encroaching losses of privacy.)
-Technology and Science-
1. US House Votes To Ban New Drones Made By China's DJI: The U.S. House of Representatives voted Monday to ban new drones made by Chinese giant DJI from operating in the country after lawmakers voiced national security concerns. The bill would prohibit the remote control devices from using American communications infrastructure. The measure wouldn't affect DJI drones already in America, where the company has sold more than half of all the drones in use. The bills all need Senate approval before they could be signed into law and with less than two months before November's presidential and congressional elections it's unclear if that will happen. (IBT)
2. US DOJ Targets Google’s Dominance in the Digital Ad Tech Industry With New Lawsuit: THe US government is going after Google and its extremely profitable ad tech operations. This week the Department of Justice (DoJ) starts a crucial trial where they accuse Alphabet, Google's parent company of running an unlawful monopoly within the digital advertising market. Since the tech giant earned over $200 billion in 2023 through advertisement, this case could attract serious consequences for the tech company. (TechTimes)
-Bitcoin Community-
1. El Salvador’s Bitcoin Bet Is Now 3 Years Old, Here’s How It’s Going So Far: Three years ago, on September 7, 2021, the country of El Salvador shocked the world when its president, Nayib Bukele, announced that the country would be adopting Bitcoin as legal tender. The county also began buying BTC to add to its reserves, growing that stash over the years. At the time, the country bought 400 BTC at an average price of $46,811, costing $18.724 million at the time. At the time of writing, the country of El Salvador now owns a total of 5,867 BTC. The Nayib Tracker website shows that the average cost of this Bitcoin stash is $43,884. Data shows that the country is now sitting on a profit of $34.55 million from its Bitcoin purchases, This translates to a 25.88% gain on its BTC purchases over the last three years. (Bitcoinist)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 33/100 (Up 4 pts)
Analyst Comments (AC): RIP James Earl Jones, the "Voice".
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Bitcoin Veterans SITREP: Bitcoin and Politics - How Economic Systems Shape our Future
BTC Daily Intelligence Bulletin (DIB)
Block: 860,605
DTG/ICOD: 1200Z 09Sep24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Jordanian Kills 3 Israeli Border Guards / Maduro Opponent Flees Venezuela / Israel Strike Targets in Syria / SECDEF Speaks Out Against Continuing Resolution for DoD / GA Shooter Mom Called School Beforehand / BTC ETF Outflows $1.2B / Block Overtakes Coinbase / Capital One Shared Your Personal Data with Big Tech / GMO Hangover Cure / Corporate Adoption of BTC Up / Japan's TEPCO Now Mining BTC
Market Data: Price: 1 BTC= $55,196, 22.12 oz Gold, .13 Median US House
24hr Hi: $55,534 / Lo: $53,653
Vol: $24B (Up 51%)
Mkt Cap: $1.09T (Up 1%)
HashRate: 590 EH/s
Avg Fee Rate: 2 sats/vBtye (Down 50%)
Nodes: 19,522
---Reports---
-International Events-
1. Gunman crossing from Jordan kills three Israelis at border, Israeli army says: “A terrorist approached the area of the Allenby Bridge from Jordan in a truck, exited the truck and opened fire at the Israeli security forces operating at the bridge,” the Israeli military said. “The terrorist was eliminated by the security forces, three Israeli civilians were pronounced dead as a result of the attack,” it added. (NBC)
2. Venezuela opposition leader Gonzalez lands in Spain seeking asylum: Venezuelan opposition presidential candidate Edmundo Gonzalez flew into Spain on Sunday to seek asylum, Madrid said, hours after quitting his country amid a political and diplomatic crisis over July's disputed election. The exit of the 75-year-old - seen by the U.S., the EU and other powers in the region as the winner of the disputed vote - came a week after Venezuelan authorities issued an arrest warrant for him, accusing him of conspiracy and other crimes. (Reuters)
3. Israeli strikes on Syria kill at least 16 people, Syrian state media say: Israeli airstrikes killed 16 people in western Syria and wounded dozens more overnight, Syrian state media reported on Monday, the deadliest Israeli attack reported by Syrian authorities since the Iranian embassy compound in Damascus was hit in April. Two regional intelligence sources said a major military research centre for chemical arms production located near Masyaf, in Hama province near the Mediterranean coast, had been hit several times. They said it was believed to house a team of Iranian military experts involved in weapons production. (Reuters) (AC- The IDF is in a full out conflict against any Iranian proxies in the region, irrespective of national borders. Iranian proxies in Gaza, West Bank, Lebanon, Yemen and Syria are all being targeted.)
-US Events-
1. Pentagon chief says a six-month temporary budget bill will have devastating effects on the military: Lloyd Austin said that passing a continuing resolution that caps spending at 2024 levels, rather than taking action on the proposed 2025 budget will hurt thousands of defense programs, and damage military recruiting. “Asking the department to compete with (China), let alone manage conflicts in Europe and the Middle East, while under a lengthy CR, ties our hands behind our back while expecting us to be agile and to accelerate progress,” said Austin in the letter to leaders of the House and Senate appropriations committees.(AP)
2. Georgia shooting suspect's mother warned school of 'emergency': The mother of the suspect in last week’s Georgia shooting contacted his school to warn of an "extreme emergency" and asked them to check on her son the day of the attack, US media reports. According to the Post, there appears to have been some confusion when a school administrator went to look for the boy, as another child had a similar name.
-Regulatory and Legal-
NSTR
-Central Bank Digital Currencies-
NSTR
-Institutional Concerns-
1. Bitcoin ETFs record combined $1.2B in outflows in 8 days: On Sept. 9, Bloomberg data showed investors withdrew around $1.2 billion from the 11 listed spot Bitcoin ETFs between Aug. 30 and Sept. 6 — their longest run of outflows since launching on Jan. 10. (CoinTelegraph)
2. Block Inc. overtakes Coinbase in market capitalization as Barclays revises price target: Block, Inc., the company behind payment processor Square, music streaming service Tidal, and bitcoin funding initiative Spiral, among other subsidiaries, has surpassed Coinbase in market capitalization for the first time since March. (TheBlock)
-Economic Indicators-
1. Treasury Yields Edge Higher: The yield on the US 10-year Treasury note increased to 3.76% on Monday, after touching a 15-month low of 3.71% on Friday, with traders bracing for the key CPI and PPI reports later in the week for further insights on inflation trends and clues about the Fed's next steps. (TradingEconomics)
2. US Wages Rise More than Expected: Average hourly earnings for all employees on US private nonfarm payrolls increased by 14 cents, or 0.4%, to $35.21 in August 2024, following a 0.2% rise in July and slightly above forecasts of a 0.3% rise. (TradingEconomics)
3. US Job Growth Below Forecasts: The US economy added 142K jobs in August 2024, more than a downwardly revised 89K in July but below forecasts of 160K. (TradingEconomics)
-Security Incidents and Concerns-
1. Billion-Dollar Bank Accused of Secretly Sending Customers’ Personal and Financial Information to Facebook, Google and Microsoft: A new class-action lawsuit alleges Capital One engaged in an “outrageous, illegal, and widespread practice of disclosing – without consent – the Nonpublic Personal Information and Personally Identifiable Financial Information” of its customers, sharing it with third parties including Facebook, Google and Microsoft. (DailyHODL)
-Technology and Science-
1. Silicon Valley’s new wedding perk: A bio-engineered hangover cure: One shot offers around 18 hours of protection, according to San Francisco-based ZBiotics. The protection comes from a bioengineered enzyme that breaks down acetaldehyde, a toxic, gut-lingering byproduct of alcohol that causes those morning-after headaches and stomach gymnastics. (SFStandard) (AC-Proudly GMO, what could go wrong?)
-Bitcoin Community-
1. Corporate Bitcoin Adoption Surges in 2024, River Report Reveals: River’s report indicates that as of August 2024, businesses collectively hold 683,332 bitcoin (BTC), which represents 3.3% of the total bitcoin supply. This marks an impressive 587% growth in corporate holdings since 2020, with a 30% increase over the past year. The report also reveals that U.S.-domiciled companies account for 49.3% of these holdings, representing $19.7 billion. (BitcoinCom)
2. Tokyo Electric Power Company’s Subsidiary Mines Bitcoin With Surplus Energy: A subsidiary of Tokyo Electric Power Co. (TEPCO) has taken an innovative step into the world of bitcoin mining. Agile Energy X, the subsidiary in question, has cleverly placed its bitcoin mining units right next to solar farms in the Tochigi and Gunma prefectures, harnessing renewable energy to power the process. (BitcoinCom)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 29/100 (Up 5 pts)
Analyst Comments (AC): Some days the relevant news is slow, like today.
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Bitcoin Veterans SITREP: Navigating Bitcoin's Volatility: Lessons from MicroStrategy's Journey
"Never interrupt your enemy when he is shitcoining."
- Napoleon Bonaparte
“Bitcoin is a mere continuation of economics by other means.”
- Carl von Clausewitz, On Stacking
“Bitcoin Veterans must be Experts on the Supreme Art of War; subduing the enemy without fighting.”
- Sun Tzu
Give Paladin Tower Tactics a follow!
Great people doing great things
nostr:note14tsz9f9m34k2dmel7cvrz5ewher67l0r8dfdtzhrlzyzevta7v9qmk2ltj
Bitcoin Veterans SITREP: Bitcoin and the Fight for Individual Liberty - A Veteran's Perspective
BTC Daily Intelligence Bulletin (DIB)
Block: 860,134
DTG/ICOD: 1200Z 06Sep24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Netanyahu, Biden Differ on Gaza / China Arrests 2 Freedom Activists / Super Typhoon Hits Hainan China / GA Shooter's Dad Charged / FBI Raids NYC Mayor Deputies Homes / Hunter Biden Pleads Guilty / Trump Promises to Make US "Crypto Capital" / US Texas Bank Shut Down Over Crypto / Man Extorts Employer for 20 BTC / BTC Derivatives Are 28% of Supply / Jobs Report Today / Brazilians Seek Other Comms Apps After X Spat / Telegram App Caves /
Market Data: Price: 1 BTC= $55,916, 22.25 oz Gold, .13 Median US House
24hr Hi: $57,237 / Lo: $55,304
Vol: $33B (Up 7%)
Mkt Cap: $1.1T (Down 1%)
HashRate: 596 EH/s
Avg Fee Rate: 4 sats/vBtye (Up 100%)
Nodes: 19,522
---Reports---
-International Events-
1. Netanyahu gives a starkly different take on Biden administration’s hopes for a Gaza deal: The Biden administration and Israeli Prime Minister Benjamin Netanyahu were sharply at odds Thursday over prospects of reaching a deal for a Gaza cease-fire and hostage release, with Netanyahu saying it was “exactly inaccurate” that a breakthrough was close. “There’s not a deal in the making,” Netanyahu said in an interview. (AP)
2. China Detains Two Activists, Adding to Tension With Washington: Chinese authorities have detained at least two outspoken dissidents in recent weeks, drawing criticism from U.S. lawmakers and human-rights groups, and adding to friction between Beijing and Washington. (WSJ)
3. China: Super Typhoon Yagi makes landfall in Hainan: Super Typhoon Yagi is the world's second-most powerful storm this year. It made landfall in China's Hainan province after more than doubling its strength since hitting the Philippines earlier this week. (DW)
-US Events-
1. Georgia high school shooting suspect to make first court appearance as father faces 2nd-degree murder charges: Colt Gray, a student at Apalachee High School in Winder, Georgia, is charged with four counts of felony murder after investigators say he fired an AR-style rifle on campus on Wednesday morning, killing four people. Meanwhile, authorities have taken steps to hold the teenager’s father, Colin Gray, 54, accountable after charging him Thursday with four counts of involuntary manslaughter, two counts of second-degree murder and eight counts of cruelty to children, the GBI said. (CNN)
2. FBI raids homes of 2 top deputies for NYC Mayor Adams, NYPD commissioner subpoenaed: The FBI seized evidence, including electronics, as part of the searches, according to sources. No charges have been filed. "Investigators have not indicated to us the mayor or his staff are targets of any investigation," the mayor's chief counsel, Lisa Zornberg, said in a statement. (ABC)
3. Hunter Biden makes last-minute guilty plea in tax case: Hunter Biden has pleaded guilty to all nine charges in his federal tax evasion case, catching federal prosecutors off guard as they prepared to begin his trial. The son of US President Joe Biden had previously denied allegations that he intentionally avoided paying $1.4m in income tax from 2016-19. Three months ago, he was found guilty in a separate case of charges related to gun possession and drug use, becoming the first criminally convicted son of a sitting US president. (BBC)
-Regulatory and Legal-
1. Trump Pledges to Make US “Crypto Capital” in Economic Policy Speech: In a recent speech at the Economic Club of New York, former President and current presidential candidate Donald Trump reiterated his support for the cryptocurrency industry. The former president also announced plans to create a government efficiency commission tasked with auditing the entire federal government. (Blockonomi)
2. Crypto-Friendly United Texas Bank Hit With Cease and Desist by Fed: The United States Federal Reserve has issued a cease and desist order to United Texas Bank, citing deficiencies in the bank's risk management systems, particularly in its dealings with crypto clients. The order follows an examination that revealed issues within the bank's corporate governance structure and identified oversights by the board of directors and senior management. Specific details on the bank's non-compliance with crypto regulations were not provided. (Decrypt)
2. Bitcoin Extortion Mississippi Case: A 57-year-old man from Missouri was arrested for attempting to extort and threatening to damage the infrastructure of his former employer’s company. He demanded 20 Bitcoins to stop during which he infiltrated the system as an administrator with privileged rights and performed account and servers lockdowns, and data corruption. DoJ claims they discovered a hidden virtual machine for dedicated access to the admin account, and the attacker was immediately identified, with all evidence found on the laptop. (BitcoinSensus)
3. Ripple co-founder signs letter endorsing Harris for president: Chris Larsen, co-founder and executive chairman at Ripple, has signed a letter to endorse Harris for president, CNBC reported on Sept. 6. (CoinTelegraph)
-Central Bank Digital Currencies-
NSTR
-Institutional Concerns-
1. US spot bitcoin ETFs continue to bleed with $37 million in net outflows (TheBlock)
2, Bitcoin derivatives climb to 28% of liquid supply: Currently, approximately 28% of the liquid supply of Bitcoin is traded through derivatives, up from 18% at the time of the ETF launch in January. As the market matures, we could potentially see even higher percentages of Bitcoin traded through derivative contracts, mirroring the paper gold market’s structure. This growing trend suggests that investors could favor financial instruments over holding the actual asset itself. (CryptoSlate)
-Economic Indicators-
1. US Futures Fall Ahead of Key Jobs Report: US stock futures fell on Friday as investors geared up for the highly-anticipated August jobs report that could affect the Federal Reserve’s interest rate decision this month. (TradingEconomics)
-Security Incidents and Concerns-
1. FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket: The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older adults, with significant financial impact. (BItcoinCom)
-Technology and Science-
1. Brazilians Flock To Bluesky And Threads After X Suspension: Millions of Brazilians, including the president, have flocked to social media platforms such as Threads or Bluesky, where Portuguese has become the most spoken language in the few days since Elon Musk's X was shut down in the country. Access to the social network formerly known as Twitter was blocked on Saturday amid a standoff between Musk and Brazilian Supreme Court judge Alexandre de Moraes, who has made it his mission to crack down on disinformation. Bluesky, a social media network created by Twitter co-founder Jack Dorsey, now counts 7.6 million users since the X suspension in Brazil. (IBT)
2. Telegram Revamps Rules to Allow Moderation of Private Chats Following CEO Pavel Durov's Arrest: On Thursday night, the formerly freewheeling texting app extended its moderators' reach to include private chats. For the first time, users in private chats can "flag illegal content" for review, Telegram wrote in a change on its FAQ page. (CoinDeks)
-Bitcoin Community-
NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 22/100 (Down 7 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 859,999
DTG/ICOD: 1200Z 05Sep24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Munich Police Shoot Suspect Near Israeli Consulate / US Sailor Detained in Venezuela / China Investing New $51B in Africa / DOJ Shutting Down Russia Disinfo Sites / GA School Shooting Kills 4 / Pastor's House Shot Up in TN / Robinhood Fined for Stopping Withdrawals / Institutions Turning on CBDCs / Argentina Moving Some Gold Reserves Abroad / US Jobs Drop, Stocks Down, Trade Gap Widens / Your Phone Mic IS Listening / Mastercard Enables Self-Custodied BTC Spending
Market Data: Price: 1 BTC= $56,474, 22.56 oz Gold, .13 Median US House
24hr Hi: $58,511 / Lo: $56,205
Vol: $31B (Down 8%)
Mkt Cap: $1.11T (Even)
HashRate: 781 EH/s
Avg Fee Rate: 2 sats/vBtye (Down 33%) (Super Low!)
Nodes: 19,360
---Reports---
-International Events-
1. Munich police shoot suspect near Israeli Consulate: Bavaria's Interior Minister Joachim Herrmann later said that the suspect had died of his wounds. He said the man's identity was still being investigated, and also that the suspect had fired shots at police first. "He shot directly at the police officers, they returned fire," Herrmann said. A police spokesman said that five officers had been involved in the exchange of fire, and that the man had been using a long-barreled weapon. (DW)
2. US Navy Sailor Detained By Maduro's Security Services In Venezuela: Two US defense officials have confirmed the unidentified sailor's detention by Venezuelan law enforcement, and the individual has been in custody since on or about Aug.30, the Pentagon revealed. An official said that "the service member was neither on official travel nor did they have authorized leave to visit Venezuela". Venezuela has also long been off limits for travel by active duty American military members, especially after the last several years of sporadic unrest and resulting crackdowns by Maduro security forces. (ZeroHedge) (AP-For context, on Monday the US confiscated Maduro's official plane and brought it to South Florida. If the sailor was detained on Aug 30th, then the plane may have been taken in response on Sept 2nd.)
3. China offers Africa $51 billion in fresh funding, promises a million jobs: China was ready to step up cooperation with Africa in industry, agriculture, infrastructure, trade and investment, Xi told delegates from more than 50 African nations gathered in Beijing for the three-yearly Forum on China-Africa Cooperation Summit. (Reuters)
-US Events-
1. DOJ seizes dozens of domains used in Russian influence campaigns targeting swing states: Attorney General Merrick Garland and FBI Director Christopher Wray said 32 internet domains were seized after investigators found that they were used by Russian companies as part of an operation known as “Doppelganger.” The companies were used to “covertly spread Russian government propaganda with the aim of reducing international support for Ukraine, bolstering pro-Russian policies and interests, and influencing voters in U.S. and foreign elections, including the U.S. 2024 Presidential Election.” (TheRecord)
2. Georgia School Shooting: 4 Killed, 9 Injured At Apalachee High School: Four people were killed and nine more were hospitalized with injuries in a shooting at Apalachee High School in Winder, Georgia, on Wednesday, the Georgia Bureau of Investigation said, and the suspect—a 14-year old student at the school—has been taken into custody. Winder, Georgia, is about 50 miles northeast of Atlanta, and about 30 miles west of Athens, Georgia. (Forbes)
3. Pastor says ‘entire magazine of bullets’ ripped through his Tennessee home. ‘Horrific’: “A madman unloaded an entire magazine of bullets from an automatic weapon into our house, garage and my truck,” Greg Locke said in a Sept. 4 Facebook post. Locke is the founder and lead pastor of Global Vision Bible Church, a Baptist congregation located just outside of Nashville. GVBC has been the target of vandalism, including one instance where a trailer full of Bibles was set on fire near the church, The Tennessean reported. (CharlotteObserver)
-Regulatory and Legal-
1. Robinhood Settles $3.9 Million Fine for Preventing Customer Withdrawals: Robinhood's crypto arm has agreed to pay $3.9 million after being accused of preventing customers from withdrawing digital assets from their accounts between 2018 and 2022. The California Department of Justice found that Robinhood allowed users to purchase crypto as commodities without delivering the actual assets, violating California's Commodity Code. Along with the financial penalty, Robinhood must now allow customers to withdraw crypto to their wallets and improve trading transparency. (Decrypt)
-Central Bank Digital Currencies-
1. Citi Survey Finds Reversal of Thinking on CBDCs: A new survey from Citi’s Securities Services division finds that investors are backing the commercialisation of distributed ledger technology and digital assets by turning to Stablecoins rather than central bank digital currencies (CBDC). Citi says that 65% of respondents plan to use non-CBDC options like stablecoins, tokenized deposits, money market funds and digital payment systems to support cash and liquidity requirements for digital securities settlements by 2026, versus 15% who plan to use CBDCs. This is a stark contrast to the previous year where CBDCs were the preferred form of digital money at 52%. (FullFX)
-Institutional Concerns-
1. Amid Criticism, Central Bank of Argentina Confirms Moving Gold Abroad: In a recent press release, the Central Bank of Argentina acknowledged sending part of its gold holdings abroad, stating that it had “recalibrated” the nation’s gold between its accounts. The institution faced criticism from some lawmakers who are concerned that this gold located abroad might be subject to confiscation due to an embargo order benefiting Argentine debt holders. (BitcoinCom) (AC-With the recent changes in Argentine economic policies championed by President Milei, this move seems odd.)
2. US spot bitcoin ETFs continue to bleed with $37 million in net outflows: Spot bitcoin exchange-traded funds in the U.S. saw $37.29 million exit the products on Wednesday, extending their streak of negative flows to six days. (TheBlock)
-Economic Indicators-
1. US Job Openings Drop to 2021-Lows: The number of job openings fell by 237,000 to 7.673 million in July 2024 from a downwardly revised 7.910 million in June, reaching the lowest level since January 2021 and below market forecasts of 8.10 million. (TradingEconomics)
2. S&P and Nasdaq Extend Losses: The S&P 500 declined 0.3% and the Nasdaq lost 0.8% while the Dow Jones swung around the flatline on Wednesday, after the major averages had their worst day since early August on Tuesday. Concerns about the health of the US economy reemerged after the ISM Manufacturing PMI pointed to the fifth straight month of falling factory activity and worse-than-expected. (TradingEconomics)
3. US Trade Gap Highest in Nearly 2 Years: The trade deficit in the US widened to $78.8 billion in July 2024, the biggest gap since June 2022, compared to a $73 billion shortfall in June and roughly in line with market forecasts. (TradingEconomics)
-Security Incidents and Concerns-
1. Cox Media Group Reveals Its 'Active Listening' Software Spies on User Convos, Clients Include Meta, Google: A marketing firm called Cox Media Group has recently revealed that it is listening to user conversations via their smartphones through its so-called "Active Listening" Software. With this, the company will push advertisements that users will see on certain platforms based on the heard conversations as unveiled by a report. (TechTimes)
-Technology and Science-
NSTR
-Bitcoin Community-
1. Mastercard enables non-custodial crypto spending in new partnership: In the collaboration, Mastercard has enabled a new euro-denominated debit card that allows users to spend cryptocurrencies like Bitcoin stored on self-custodial wallets at more than 100 million merchants in the Mastercard network. “At Mastercard, we are working closely with partners to innovate and enhance the self-custody wallet experience,” (CoinTelegraph)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 29/100 (Up 2 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Bitcoin Veterans SITREP: Bitcoin and Freedom
BTC Daily Intelligence Bulletin (DIB)
Block: 859,834
DTG/ICOD: 1200Z 04Sep24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: US DOJ Charges Hamas for Deaths of Hostages / Shakeup in Ukraine Ministers / Jailbreak in DR Congo Leads to 129 Deaths / Newsom Declares Emergency in CA / Aide to NY Governors Arrested in China Spy Ring / Qatar Courts Crypto with Regs / China and South Africa Meet Over BRICS / Turkey Applies to Join BRICS / PCE Up, Stocks Down / London Transport Hit With CyberAttack / Boeing Sends Starliner Home Without Astronauts / Bitcoin HashRate Hit ATH
Market Data: Price: 1 BTC= $56,633, 22.73 oz Gold, .13 Median US House
24hr Hi: $59,314 / Lo: $55,673
Vol: $33B (Up 46%)
Mkt Cap: $1.12T (Down 4%)
HashRate: 634 EH/s
Avg Fee Rate: 3 sats/vBtye (Down 25%)
Nodes: 19,367
---Reports---
-International Events-
1. Justice Department announces terrorism charges against senior Hamas leaders after hostage deaths: The US Department of Justice on Tuesday unsealed a sweeping set of charges against six leaders of Hamas. The case, originally filed in New York federal court in February, accuses the Hamas officials of a range of terrorism-related offenses stretching from 1997 through the present conflict with Israel that began on October 7. “The Justice Department has charged Yahya Sinwar and other senior leaders of Hamas for financing, directing, and overseeing a decades-long campaign to murder American citizens and endanger the national security of the United States,” Attorney General Merrick Garland said. (IndependentUK)
2. Ukraine’s Foreign Minister Kuleba resigns as Russian strikes kill 7 people in Lviv: Foreign Minister Dmytro Kuleba, 43, didn’t give a reason for stepping down. His resignation will be discussed by lawmakers at their next session, parliamentary Speaker Ruslan Stefanchuk said on his Facebook page. Four other Cabinet ministers tendered their resignations late Tuesday, making the Cabinet reshuffle likely the biggest since Russia’s February 2022 invasion. (AP)
3. DR Congo Jail Break Attempt Leaves 129 Dead: An attempted jail break from DR Congo's largest prison has left at least 129 people dead and led to women being raped, the interior minister said Tuesday. The circumstances around the bid to bust out of the Makala prison in the capital Kinshasa, which holds 10 times the number it is meant to house, in the early hours of Monday remain unclear. The authorities have given no indication as to how many inmates escaped or attempted to do so. (IBT)
-US Events-
1. Newsom declares state of emergency in Rancho Palos Verdes after additional power shutoff following landslides: Gov. Gavin Newsom’s proclamation of a state of emergency would allow the state government to “utilize and employ” state resources to provide assistance to nearly 300 people who live and work in the area without gas and electricity. After SoCalGas cut off its gas service to the community due to the land movement in early August, Southern California Edison Sunday terminated its electricity supply to 140 homes and 53 businesses in the Portuguese Bend community before expanding the power shut-off to an additional 105 houses in the Seaview community Monday. (NBC)
2. Former aide to Democratic NY governor charged with being an agent for communist China: The office of Democratic New York Gov. Kathy Hochul was infiltrated by an agent working for the communist Chinese government, according to the FBI. On Tuesday, the U.S. Attorney's Office announced the arrest of Linda Sun for allegedly acting on "behalf of the government of the People’s Republic of China." Sun worked for former Gov. Andrew Cuomo and as the deputy chief for the current governor. She is accused of money laundering conspiracy, violating the Foreign Agents Registration Act, and alien smuggling. Sun's husband, Chris Hu, was also arrested and charged with conspiracy to commit bank fraud, conspiracy to commit money laundering, and misuse by means of identification. (Blaze)
-Regulatory and Legal-
1. Qatar improves regulatory clarity for cryptocurrency with newly released framework by major SEZ: The “QFC Digital Assets Framework 2024” offers more clarity and sets the legal and regulatory foundation for crypto assets, including tokenization, property rights in tokens, custody arrangements, transfer and exchange. The QFC is an “onshore business and financial center” located in Doha. It offers its own legal, regulatory and tax environment, allowing up to 100% foreign ownership and 100% repatriation of profits. According to its website, the QFC charges a rate of 10% corporate tax on locally sourced profits. (TheBlock)
-Central Bank Digital Currencies-
1. China and South Africa Boost BRICS Ties: Key Outcomes from Xi's Meeting With Ramaphosa: China and South Africa committed to deepening cooperation within the BRICS framework during South African President Cyril Ramaphosa’s second state visit to China, where he met with Chinese President Xi Jinping. The leaders emphasized the importance of expanding BRICS and enhancing economic coordination to support sustainable development. (BitcoinCom)
2. Turkey Seeks to Join BRICS to Strengthen Global Influence: Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the shifting geopolitical landscape as an opportunity to strengthen ties with both Eastern and Western nations while remaining committed to NATO. Erdogan emphasized the importance of balanced international relations. (BitcoinCom)
-Institutional Concerns-
1. Bitcoin ETFs Shed $288 Million in Fifth Day of Negative Flows: The Grayscale Bitcoin Trust (GBTC) ETF reported a single-day net outflow of $50.4 million, while Fidelity's FBTC saw an even larger outflow of $162.3 million. These outflows have reduced the total net asset value of Bitcoin spot ETFs to $52.7 billion/ (Decrypt)
-Economic Indicators-
1. US Core PCE Prices Rise as Expected: The US core PCE price index, the Federal Reserve’s preferred gauge to measure underlying inflation, rose by 0.2% from the previous month in July of 2024, in line with market expectations and consistent with the 0.2% increase in June. (TradingEconomics)
2. Stock Futures Point to Further Losses After Broad Selloff: Investors are nervous after Tuesday's selloff, with U.S. stock futures falling and markets in Asia and Europe on the retreat. Tuesday’s tumult was driven by U.S. data that highlighted ongoing manufacturing weakness. (WSJ)
-Security Incidents and Concerns-
1. Transport for London Hit With an Ongoing Cyberattack; Claims Data Is Safe: The local government agency heading Greater London's transportation, Transport for London (TfL), revealed that it was hit with an ongoing cyberattack. Not much is known regarding the attack against the transportation authorities, and it is yet to identify what kind of cybercrime has occurred. (TechTimes)
-Technology and Science-
1. Bloomberg Terminal Integrates Polymarket's Prediction Data: Bloomberg Terminal has integrated Polymarket's prediction data, bringing it into mainstream political discourse. This move allows a broad audience of mainstream news consumers to access Polymarket's data, which is increasingly being relied upon as a source of truth. Polymarket traders are currently betting that Donald Trump will win the 2024 U.S. presidential election with a 51% probability. (Decrypt)
2. Boeing Starliner to Return Crewless This Week; Astronauts to Stay in ISS: NASA confirms that the Boeing Starliner is set to return to the planet after massive delays this week, September 6, but it will be crewless on its flight home. This return date is exactly three months since Boeing's spacecraft docked at the International Space Station last June 6, a mission that saw significant issues as helium leaks manifested along the way. (TechTimes)
-Bitcoin Community-
1. Bitcoin Hash Rate Hits New All-Time High Even as Price Falls: Bitcoin's hash rate has reached an all-time high of 742 exahashes per second, indicating a stronger and more secure network. The high hash rate makes it difficult for attackers to control the network, as they would need significant computing power to match it. Despite the recent dip in Bitcoin's price, the network's resilience and security provide reassurance for long-term investors. (Decrypt)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 27/100 (Up 1 pts)
Analyst Comments (AC): With Turkey's bid to join BRICS, the full picture of the counterweight global effort to US hegemony is coming into focus. BRICs is drawing more and more applicants that are looking for alternatives to the US dollar, economic power and military might that have defined the last 60 years of geopolitics. BRICS is lining up to be a serious contender to the legacy US power, yet cooperative systems such as BRICs may lack the unity of mind and effort to pick up hegemonic status. This factor leads into the debate over the transition phase, usually marked by global conflict, and if a cooperative system like BRICS could hold power for long, or would one nation pick up the mantle of power for the next period of hegemony? Could China rise to the occasion? Russia? Or a new form of the USA?
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
BTC Daily Intelligence Bulletin (DIB)
Block: 837,675
DTG/ICOD: 0800EST 04Apr24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: Taiwan Earthquake Damage Revealed, Tremors Continue / Israel Using AI to Target Hamas / Jan 6th 'leader' gets 7 years / Race to Become 1st Bank to Offer BTC ETFs / BIS Starting CBDC for Cross-Border Payments / Private Key Comprimises Lead to Large Losses
Market Data: Price: 1 BTC= $66,363, 28.94 oz Gold, .15 Median US House
24hr Hi: $66,914/ Lo: $65,103
Vol: $29B (Down 31%)
Mkt Cap: $1.3T (Even)
HashRate: 557 EH/s
Avg Fees: 4,767 sats/tx (Down 13%)
Nodes: 18,103
---Reports---
-International Events-
1. Taiwan earthquake – latest news: Death toll rises to 10 as island rocked by over 300 ‘terrifying’ aftershocks: More than 1,000 people have sustained injuries in the biggest earthquake recorded on the island in 25 years, while over 40 people remained trapped on Thursday. Over 300 aftershocks since Wednesday morning have forced “terrified” people on the island to sleep in tents outside their houses or in emergency shelters. (IndependentUK)
2. Taiwan condemns 'shameless' China's thanks for global sympathy on quake: China's Deputy Permanent Representative to the U.N., Geng Shuang told the UN, "We thank the international community for its expressions of sympathy and concern,", which immediately angered Taiwan. This shows China has no goodwill towards Taiwan, the Taiwan ministry added. (Reuters)
2. Israel is using artificial intelligence to help pick bombing targets in Gaza, report says: The Israeli military has been using artificial intelligence to help identify bombing targets in Gaza, according to an investigation by +972 Magazine and Local Call, citing six Israeli intelligence officials involved in the alleged program – who also allege that human review of the suggested targets was cursory at best. The officials said that the AI-based tool was called “Lavender” and was known to have a 10% error rate. (CNN)
-US Events-
1. Deadly storms and tornadoes leave a path of destruction from Georgia to Illinois: At least three people were killed and several were injured after a powerful storm system spawned tornadoes and damaging storms from the South to the Ohio Valley. (CNN)
2. Man who used megaphone to lead attack on Capitol police sentenced to more than 7 years in prison: A Washington state man who used a megaphone to orchestrate a mob's attack on police officers guarding the U.S. Capitol during the Jan. 6, 2021, riot was sentenced on Wednesday to more than seven years in prison. Johnatakis led other rioters on a charge against a police line, "barked commands" over his megaphone and shouted step-by-step directions for overpowering officers, the judge said. (CBS)
-Regulatory and Legal-
NSTR
-Institutional Concerns-
1. Morgan Stanley wants to beat UBS to become first Bitcoin ETF bank: Morgan Stanley is hoping to beat UBS in becoming the first wirehouse to fully approve the Bitcoin ETF. “Several sources confirm that Morgan Stanley is set to approve Bitcoin ETFs on its platform in the next two weeks,” an insider wrote on March 26. (Cointelegraph) (AC-Although this report is speculative, the groundwork is laid for such a move, and banks have publicly stated that it is their desire to offer BTC ETFs)
2. Hedge Funds Hold Record Bearish Bitcoin Bets, Data Show: Hedge funds boosted their net short positions in the Chicago Mercantile Exchange's (CME) standard bitcoin futures contracts to 16,102. That's the most since the futures began trading in late 2017, according to CFTC figures published last week. The record buildup in short positions likely reflects hedge funds' renewed interest in the carry trade. (CoinDesk) (AC-Common among many investment funds, carry trade is a counter-trade to protect investments from downside action acting as a type of insurance)
-Central Bank Digital Currencies (CBDC)-
1. Seven central banks in BIS Project Agora to tokenize cross border payments: Today, the Bank for International Settlements (BIS) Innovation Hub unveiled Project Agorá, to tokenize cross border payments. This is the first project in line with its concept of a Unified Ledger. It seeks to unite seven central banks and commercial banks on a shared, programmable infrastructure to facilitate cross-border transactions. The project will encompass most of the major currencies, including the USD, Euro, GBP, and Yen. Consequently, the participating central banks are the Bank of France, Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of England, and the Federal Reserve Bank of New York. (LedgerInsights)
-Economic Indicators-
1. Gold Hits Record High, Silver Sees Substantial Gains: The price of gold continues to hit unprecedented highs, with one troy ounce of .999 fine gold now trading at $2,298. Silver is also beginning to ride the wave of gold’s recent uptrend, with its value climbing 3.64% on Wednesday surpassing the $27 per ounce mark. (BitcoinCom)
2. US Companies Cut the Most Jobs in 14 Months: US-based employers announced plans to cut 90,309 jobs in March 2024, the most since January 2023, compared to 84,638 in February. (TradingEconomics)
-Security Incidents and Concerns-
1. Private keys are a $239m security risk, CertiK report says: Private key compromises accounted for almost half of financial losses in onchain security breaches in Q1 2024. Private key compromises surged by a whopping 1,171% from the first quarter of 2023, when private key compromises amounted to about $19 million. (DLNews)
-Bitcoin Community-
NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 70/100 (Down 1 pts)
Analyst Comments (AC): Manage your private keys well, keep them off digital plaforms, and don't lose them.
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report