Bitcoin Veterans on Nostr: BTC Daily Intelligence Bulletin (DIB) Block: 867,763 DTG/ICOD: 1200Z 28Oct24 ...
BTC Daily Intelligence Bulletin (DIB)
Block: 867,763
DTG/ICOD: 1200Z 28Oct24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Iran Denounces IDF Attack / Japan's LDP Loses Majority / NK Soldiers Arrive on Ukraine Front / NASA Calls for Musk Investigation / Ripple CEO De-Banked / BOE Pushes CBDC / MSFT Board Dislikes BTC Proposal / Tether Has 82K BTC / Trump Campaign Hacked Again / Crypto Companies Push Into AI
Market Data: Price: 1 BTC= $68,788, 25.19 oz Gold, .16 Median US House
24hr Hi: $68,847 / Lo: $67,301
Vol: $23B (Up 58%)
Mkt Cap: $1.36T (Up 2%)
HashRate: 716 EH/s
Avg Fee Rate: 3 sats/vBtye (Down 91%)
Nodes: 19,311
---Reports---
-International Events-
1. 'The Zionist regime made a mistake' Khamenei posts in Hebrew: Iranian Supreme Leader Khamenei posted a threat against Israel on his Hebrew Twitter/X account on Sunday. "The Zionist regime made a mistake," he wrote, "a mistake in its calculation regarding Iran." "We will make [them] understand what strength, ability, initiative, and desire the Iranian nation has," his post concluded. (JPost)
2. Japan's ruling party loses its majority in blow to new PM: The coalition led by Japan’s ruling Liberal Democratic Party (LDP) has lost its majority in parliament, its worst result in over a decade. The LDP and its much smaller coalition partner Komeito, have taken 215 seats together, falling short of the 233-seat majority needed to govern. (BBC)
3. North Korean Soldiers Arrive on Russia’s Front Line: Their special-forces training would have focused on assassinations and infrastructure destruction in mountainous South Korea, a far cry from the trench warfare unfolding in the flat plains along the Ukrainian-Russian border. The fresh-faced troops have likely never left North Korea. The country’s army operates aging and outdated conventional military equipment. The first North Korean troops could be deployed to the battlefield as early as Sunday, Ukrainian President Volodymyr Zelensky said. (WSJ)
-US Events-
1. NASA chief calls for investigation into report that Musk and Putin have spoken regularly: The report, which said the SpaceX founder has discussed “personal topics, business and geopolitical tensions” with the Russian leader, raises national security concerns as SpaceX’s relationships with NASA and the US military may have granted Musk access to sensitive government information and US intelligence. (CNN)
-Regulatory and Legal-
1. Ripple CEO Loses Bank Account After 25 Years, Given 5 Days to Withdraw Funds: Ripple CEO Brad Garlinghouse has disclosed he was recently debanked, citing increased regulatory scrutiny impacting figures within the cryptocurrency sector. In a CNBC interview, he recounted: "I personally have been debanked. I got a call not that long ago from one of the major banking institutions I had had an account with for 25 years, and they said, ‘You have 5 days to move your money.’" (BitcoinCom)
-Central Bank Digital Currencies/World Currencies-
1. Bank of England presses on with retail CBDC to plug bank innovation gap: The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation. (Finextra)
-Institutional Concerns-
1. Microsoft Board Strongly Opposes 'Unwarranted' Proposal To Invest In Bitcoin: Bitcoin is an "excellent" hedge against inflation, the National Center for Public Policy Research advised Microsoft, but the big tech titan's board is urging shareholders to vote against a proposal to invest in the world's largest cryptocurrency by market cap. The crypto community has been discussing the matter over the weekend, with many saying Microsoft will ultimately regret the decision if shareholders vote against the proposal. (IBTimes)
2. Inside Tether’s Vaults: 82,000 Bitcoin And 48 Tons Of Gold Safeguard USDT: Tether’s USDT is the world’s largest stablecoin, with a market cap nearing $100 billion. Tether’s CEO Paolo Ardoino finally broke the ice and disclosed that the company boasts more than 82,000 Bitcoins and 48 tons of gold to back its USDT in circulation. His company also boasts over $100 billion in US Treasuries backing its stablecoin (Bitcoinist) (AC-A oft-forgotten whale of BTC holdings.)
3. Bitcoin, Solana, & Litecoin Dominate $901 Crypto Inflows Before US Elections: The digital asset inflows last week reached a staggering $901 million with Bitcoin dominating a lion’s share of the total flows. BTC has turned out to be investors’ favorite this month in October ahead of the US Elections in November. Ethereum (ETH), on the other hand, has seen outflows, while altcoins like Solana and Litecoin grab the limelight. (CoinGape)
-Economic Indicators-
1. US Futures Jump Ahead of Busy Earnings Week: US stock futures gained on Monday as investors look forward to the busiest week of the third quarter earnings season, with megacap tech firms like Apple, Microsoft, Meta Platforms, Amazon and Alphabet scheduled to report this week. Investors also awaited key US economic data such as preliminary GDP, PCE price index and PMI reports. Moreover, easing geopolitical risks lifted market sentiment after Israel’s retaliatory strikes on Iran on Saturday avoided crude and nuclear facilities. (TradingEconomics)
-Security Incidents and Concerns-
1. Chinese hackers collected audio from a Trump campaign adviser’s calls: The FBI and the US cybersecurity and infrastructure security agency confirmed they were investigating unauthorized access to commercial telecommunications infrastructure by people associated with China. The Trump campaign was also hacked earlier this year. The US justice department charged three members of Iran’s Revolutionary Guard Corps with the hack, accusing them of trying to disrupt the 5 November election. (Guardian)
-Technology and Science-
1. Tether and Coinbase Unveil Tools for Private AI and Autonomous Blockchain Agents: In separate announcements this week, Tether and Coinbase revealed AI-driven products poised to reshape how developers and users engage with blockchain technology. Tether’s CEO Paolo Ardoino presented the company’s Local AI development kit, which focuses on privacy and leveraging peer-to-peer (P2P) infrastructure. Meanwhile, Coinbase product programmer Lincoln Murr took to X (formerly Twitter) to announce Based Agent, a new platform for creating autonomous on-chain agents in under three minutes. (BitcoinCom)
-Bitcoin Community-
NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 72/100 (Up 1 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Block: 867,763
DTG/ICOD: 1200Z 28Oct24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Iran Denounces IDF Attack / Japan's LDP Loses Majority / NK Soldiers Arrive on Ukraine Front / NASA Calls for Musk Investigation / Ripple CEO De-Banked / BOE Pushes CBDC / MSFT Board Dislikes BTC Proposal / Tether Has 82K BTC / Trump Campaign Hacked Again / Crypto Companies Push Into AI
Market Data: Price: 1 BTC= $68,788, 25.19 oz Gold, .16 Median US House
24hr Hi: $68,847 / Lo: $67,301
Vol: $23B (Up 58%)
Mkt Cap: $1.36T (Up 2%)
HashRate: 716 EH/s
Avg Fee Rate: 3 sats/vBtye (Down 91%)
Nodes: 19,311
---Reports---
-International Events-
1. 'The Zionist regime made a mistake' Khamenei posts in Hebrew: Iranian Supreme Leader Khamenei posted a threat against Israel on his Hebrew Twitter/X account on Sunday. "The Zionist regime made a mistake," he wrote, "a mistake in its calculation regarding Iran." "We will make [them] understand what strength, ability, initiative, and desire the Iranian nation has," his post concluded. (JPost)
2. Japan's ruling party loses its majority in blow to new PM: The coalition led by Japan’s ruling Liberal Democratic Party (LDP) has lost its majority in parliament, its worst result in over a decade. The LDP and its much smaller coalition partner Komeito, have taken 215 seats together, falling short of the 233-seat majority needed to govern. (BBC)
3. North Korean Soldiers Arrive on Russia’s Front Line: Their special-forces training would have focused on assassinations and infrastructure destruction in mountainous South Korea, a far cry from the trench warfare unfolding in the flat plains along the Ukrainian-Russian border. The fresh-faced troops have likely never left North Korea. The country’s army operates aging and outdated conventional military equipment. The first North Korean troops could be deployed to the battlefield as early as Sunday, Ukrainian President Volodymyr Zelensky said. (WSJ)
-US Events-
1. NASA chief calls for investigation into report that Musk and Putin have spoken regularly: The report, which said the SpaceX founder has discussed “personal topics, business and geopolitical tensions” with the Russian leader, raises national security concerns as SpaceX’s relationships with NASA and the US military may have granted Musk access to sensitive government information and US intelligence. (CNN)
-Regulatory and Legal-
1. Ripple CEO Loses Bank Account After 25 Years, Given 5 Days to Withdraw Funds: Ripple CEO Brad Garlinghouse has disclosed he was recently debanked, citing increased regulatory scrutiny impacting figures within the cryptocurrency sector. In a CNBC interview, he recounted: "I personally have been debanked. I got a call not that long ago from one of the major banking institutions I had had an account with for 25 years, and they said, ‘You have 5 days to move your money.’" (BitcoinCom)
-Central Bank Digital Currencies/World Currencies-
1. Bank of England presses on with retail CBDC to plug bank innovation gap: The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation. (Finextra)
-Institutional Concerns-
1. Microsoft Board Strongly Opposes 'Unwarranted' Proposal To Invest In Bitcoin: Bitcoin is an "excellent" hedge against inflation, the National Center for Public Policy Research advised Microsoft, but the big tech titan's board is urging shareholders to vote against a proposal to invest in the world's largest cryptocurrency by market cap. The crypto community has been discussing the matter over the weekend, with many saying Microsoft will ultimately regret the decision if shareholders vote against the proposal. (IBTimes)
2. Inside Tether’s Vaults: 82,000 Bitcoin And 48 Tons Of Gold Safeguard USDT: Tether’s USDT is the world’s largest stablecoin, with a market cap nearing $100 billion. Tether’s CEO Paolo Ardoino finally broke the ice and disclosed that the company boasts more than 82,000 Bitcoins and 48 tons of gold to back its USDT in circulation. His company also boasts over $100 billion in US Treasuries backing its stablecoin (Bitcoinist) (AC-A oft-forgotten whale of BTC holdings.)
3. Bitcoin, Solana, & Litecoin Dominate $901 Crypto Inflows Before US Elections: The digital asset inflows last week reached a staggering $901 million with Bitcoin dominating a lion’s share of the total flows. BTC has turned out to be investors’ favorite this month in October ahead of the US Elections in November. Ethereum (ETH), on the other hand, has seen outflows, while altcoins like Solana and Litecoin grab the limelight. (CoinGape)
-Economic Indicators-
1. US Futures Jump Ahead of Busy Earnings Week: US stock futures gained on Monday as investors look forward to the busiest week of the third quarter earnings season, with megacap tech firms like Apple, Microsoft, Meta Platforms, Amazon and Alphabet scheduled to report this week. Investors also awaited key US economic data such as preliminary GDP, PCE price index and PMI reports. Moreover, easing geopolitical risks lifted market sentiment after Israel’s retaliatory strikes on Iran on Saturday avoided crude and nuclear facilities. (TradingEconomics)
-Security Incidents and Concerns-
1. Chinese hackers collected audio from a Trump campaign adviser’s calls: The FBI and the US cybersecurity and infrastructure security agency confirmed they were investigating unauthorized access to commercial telecommunications infrastructure by people associated with China. The Trump campaign was also hacked earlier this year. The US justice department charged three members of Iran’s Revolutionary Guard Corps with the hack, accusing them of trying to disrupt the 5 November election. (Guardian)
-Technology and Science-
1. Tether and Coinbase Unveil Tools for Private AI and Autonomous Blockchain Agents: In separate announcements this week, Tether and Coinbase revealed AI-driven products poised to reshape how developers and users engage with blockchain technology. Tether’s CEO Paolo Ardoino presented the company’s Local AI development kit, which focuses on privacy and leveraging peer-to-peer (P2P) infrastructure. Meanwhile, Coinbase product programmer Lincoln Murr took to X (formerly Twitter) to announce Based Agent, a new platform for creating autonomous on-chain agents in under three minutes. (BitcoinCom)
-Bitcoin Community-
NSTR
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 72/100 (Up 1 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report