Bitcoin Veterans on Nostr: BTC Daily Intelligence Bulletin (DIB) Block: 870,132 DTG/ICOD: 1200Z 13Nov24 ...
BTC Daily Intelligence Bulletin (DIB)
Block: 870,132
DTG/ICOD: 1200Z 13Nov24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: US Navy Defeats Complex Houthi Attack / Amsterdam Faces Another Night of Violence / SecState Urgently Meets With NATO / Trump Announces Contentious Cabinet Appointments / CACI Gets Hit With Torture Fines / Rick Scott Gains Momentum for Majority Leader / Brazil Opens up TradFi to Crypto / US Fed Governor Says No Need for CBDC / Genius Group Announces BTC Treasury / Hedgers Shifting from Gold to BTC / BTC OP_Next BitDevs to Design Scalability of Bitcoin
Market Data: Price: 1 BTC= $89,057, 34.05 oz Gold, .21 Median US House
24hr Hi: $89,915 / Lo: $85,155
Vol: $100B (Down 37%)
Mkt Cap: $1.76T (Up 4%)
HashRate: 729 EH/s
Avg Fee Rate: 16 sats/vBtye (Up 100%)
Nodes: 18,815
---Reports---
-International Events-
1. US Navy Destroyers Defeat Complex Houthi Attack in Strategic Red Sea Strait: Two US Navy destroyers successfully intercepted multiple Houthi-launched weapons, including 8 drones, 5 ballistic missiles, and 3 cruise missiles in the Bab el-Mandeb Strait. No damage or injuries were reported. The attacks have halved shipping through this vital waterway that typically handles $1 trillion in annual trade, while UN experts allege Houthis may be extorting $180 million monthly for safe passage. (Ground)
2. Amsterdam fears another night of unrest as it grapples with antisemitism and violence: Amsterdam police were bracing for yet another night of unrest on Tuesday as the Dutch capital grapples with antisemitic violence that started with attacks against visiting Israeli football fans last week. Most protests have been banned and police presence have been beefed up across the city, but the violence has not eased. (CNN)
3. Blinken In Brussels As Trump Win Raises Alarm Over Ukraine: US top diplomat Antony Blinken will meet with NATO and EU officials Wednesday to urgently discuss ramping up support for Ukraine before Donald Trump reclaims the White House -- potentially jeopardizing future aid. (IBTimes)
-US Events-
1. Trump Appoints Elon Musk and Vivek Ramaswamy to Lead New 'Department of Government Efficiency': Ramaswamy has a history of reducing government waste, making it a key policy for his campaign, while Musk has lucrative government contracts that raise conflict of interest questions. Trump stated that they will provide "advice and guidance" to drive structural reform, aiming for an unprecedented entrepreneurial approach to government. (TheNational)
2. Other Trump Appointments: Pete Hegseth for Sec. of Defense, John Ratcliffe for CIA Director, Marco Rubio for Sec. State, Mike Huckabee for Israel Ambassador, Kristi Noem for Sec. of DHS, Mike Waltz for Security Advisor, Scott Bessent for Sec. of Treasury, Elise Stefanik for Ambassador to the UN, Steven Witkoff for Mideast Envoy,
3. US defense contractor to pay former Iraqi detainees $42 million for its role in torture at notorious Abu Ghraib prison: A federal jury on Tuesday awarded a total of $42 million to three Iraqi men who endured torture at Baghdad’s Abu Ghraib prison over two decades ago –– holding a US government contractor accountable for contributing to the abuse. The ruling stems from a lawsuit filed on behalf of former detainees in 2008 against Virginia-based defense company CACI Premier Technology Inc. (CNN)
4. Rick Scott gains new Senate endorsements out of candidate forum on eve of leader election: Sen. Rick Scott, R-Fla., earned two more endorsements following what Republican senators described as a wide-ranging discussion with the three candidates to succeed outgoing Senate Minority Leader Mitch McConnell, R-Ky. (Fox)
-Regulatory and Legal-
1. Brazil Prepares to Let Tradfi Institutions Embrace Crypto: The Central Bank of Brazil is preparing to open the cryptocurrency market to traditional finance institutions, which will be able to operate in this industry with clarity after the enactment of the upcoming regulation. Small crypto startups might face challenges in regularizing their situation due to the high bar this framework will impose. (BitcoinCom)
-Central Bank Digital Currencies/World Currencies-
1. Fed Governor Waller: No Need for CBDC: The private sector should lead the evolution of payments, while the Federal Reserve should be ready to solve problems that can’t be handled by the private sector alone, Federal Reserve Governor Christopher J. Waller said Tuesday (Nov. 12). “In more than three years, I have yet to hear a satisfactory answer as applied to CBDC,” Waller said in his Tuesday speech. (pymnts)
-Institutional Concerns-
1. AI firm Genius Group surges 66% after ‘Bitcoin-first’ treasury strategy: Artificial intelligence firm Genius Group Limited surged 66% in a day after committing to a MicroStrategy-emulating “Bitcoin-first” strategy — which will see the cryptocurrency become its primary treasury asset. The play will involve committing 90% or more of the company’s current and future reserves to be held in Bitcoin starting with a $150 million at-the-market offering to acquire an initial target of $120 million in Bitcoin. (CoinTelegraph) (AC-Institutions continue to adopt the Bitcoin store of value (SOV) strategy pioneered by MicroStrategy. The SOV phase will continue to accelerate as both nation-states, institutions, companies and investors realize benefits the best digital asset available.)
-Economic Indicators-
1. Bitcoin's correlation to gold hits 11-month low amid capital reallocation: Since the U.S. presidential election, gold has dropped by 5% while bitcoin has surged by over 20% — highlighting a shift in the correlation between these two assets. Some analysts suggest that capital is moving out of gold and into bitcoin as investors reevaluate their safe-haven strategies. (TheBlock)
2. Volatility Expected in Bitcoin Later Today as US Headline Inflation Data Is Expected to Tick Higher: Headline inflation year-over-year is expected to increase by 0.2% and end a six-month consecutive decline, last seen in March 2024. (CoinDesk)
-Security Incidents and Concerns-
1. South Korea arrests 215 individuals in $232 million crypto fraud scheme: The scam took place between December 2021 and March 2023. It lured investors with a “private sale” based on “advanced information” on unlisted cryptocurrencies that guarantee high returns, selling 28 different kinds of fraudulent crypto tokens to defraud $232 million. (TheBlock)
-Technology and Science-
1. Donald Trump's US 'Crypto Capital' Future to Bring More Politicians Sharing the Same Mindset: The Washington Post reported that Donald Trump is now evaluating "pro-crypto" candidates who will soon be given important roles in the United States government that will help expand more of cryptocurrency's adoption in the country. It was revealed that there are already several candidates for the positions, with them being known for their support and affiliations with the crypto industry. (TechTimes)
-Bitcoin Community-
1. ‘Just Don’t Break’ Bitcoin: Devs Debate Tech Upgrades to Top Crypto: Most of the world focuses on bitcoin (BTC)’s zipping price. Not so for the 100-odd bitcoiners who gathered at Fidelity Investments’ headquarters over the weekend. “This is about getting bitcoin to the next billion people,” said Will Foxley, emcee of OP_NEXT, what he claimed was the first bitcoin scaling conference in five years. OP_NEXT is the newest anomaly on crypto’s overstuffed conference circuit. It's got none of the retail-friendly bravado of Bitcoin Nashville. Instead, dozens of hoodie-wearing coder boys (and a handful of women) debated improvements that might make bitcoin more useful, usable, and even resilient against faraway problems that could one day upend the world’s most valuable cryptocurrency. (CoinDesk)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 84/100 (Up 4 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Block: 870,132
DTG/ICOD: 1200Z 13Nov24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: US Navy Defeats Complex Houthi Attack / Amsterdam Faces Another Night of Violence / SecState Urgently Meets With NATO / Trump Announces Contentious Cabinet Appointments / CACI Gets Hit With Torture Fines / Rick Scott Gains Momentum for Majority Leader / Brazil Opens up TradFi to Crypto / US Fed Governor Says No Need for CBDC / Genius Group Announces BTC Treasury / Hedgers Shifting from Gold to BTC / BTC OP_Next BitDevs to Design Scalability of Bitcoin
Market Data: Price: 1 BTC= $89,057, 34.05 oz Gold, .21 Median US House
24hr Hi: $89,915 / Lo: $85,155
Vol: $100B (Down 37%)
Mkt Cap: $1.76T (Up 4%)
HashRate: 729 EH/s
Avg Fee Rate: 16 sats/vBtye (Up 100%)
Nodes: 18,815
---Reports---
-International Events-
1. US Navy Destroyers Defeat Complex Houthi Attack in Strategic Red Sea Strait: Two US Navy destroyers successfully intercepted multiple Houthi-launched weapons, including 8 drones, 5 ballistic missiles, and 3 cruise missiles in the Bab el-Mandeb Strait. No damage or injuries were reported. The attacks have halved shipping through this vital waterway that typically handles $1 trillion in annual trade, while UN experts allege Houthis may be extorting $180 million monthly for safe passage. (Ground)
2. Amsterdam fears another night of unrest as it grapples with antisemitism and violence: Amsterdam police were bracing for yet another night of unrest on Tuesday as the Dutch capital grapples with antisemitic violence that started with attacks against visiting Israeli football fans last week. Most protests have been banned and police presence have been beefed up across the city, but the violence has not eased. (CNN)
3. Blinken In Brussels As Trump Win Raises Alarm Over Ukraine: US top diplomat Antony Blinken will meet with NATO and EU officials Wednesday to urgently discuss ramping up support for Ukraine before Donald Trump reclaims the White House -- potentially jeopardizing future aid. (IBTimes)
-US Events-
1. Trump Appoints Elon Musk and Vivek Ramaswamy to Lead New 'Department of Government Efficiency': Ramaswamy has a history of reducing government waste, making it a key policy for his campaign, while Musk has lucrative government contracts that raise conflict of interest questions. Trump stated that they will provide "advice and guidance" to drive structural reform, aiming for an unprecedented entrepreneurial approach to government. (TheNational)
2. Other Trump Appointments: Pete Hegseth for Sec. of Defense, John Ratcliffe for CIA Director, Marco Rubio for Sec. State, Mike Huckabee for Israel Ambassador, Kristi Noem for Sec. of DHS, Mike Waltz for Security Advisor, Scott Bessent for Sec. of Treasury, Elise Stefanik for Ambassador to the UN, Steven Witkoff for Mideast Envoy,
3. US defense contractor to pay former Iraqi detainees $42 million for its role in torture at notorious Abu Ghraib prison: A federal jury on Tuesday awarded a total of $42 million to three Iraqi men who endured torture at Baghdad’s Abu Ghraib prison over two decades ago –– holding a US government contractor accountable for contributing to the abuse. The ruling stems from a lawsuit filed on behalf of former detainees in 2008 against Virginia-based defense company CACI Premier Technology Inc. (CNN)
4. Rick Scott gains new Senate endorsements out of candidate forum on eve of leader election: Sen. Rick Scott, R-Fla., earned two more endorsements following what Republican senators described as a wide-ranging discussion with the three candidates to succeed outgoing Senate Minority Leader Mitch McConnell, R-Ky. (Fox)
-Regulatory and Legal-
1. Brazil Prepares to Let Tradfi Institutions Embrace Crypto: The Central Bank of Brazil is preparing to open the cryptocurrency market to traditional finance institutions, which will be able to operate in this industry with clarity after the enactment of the upcoming regulation. Small crypto startups might face challenges in regularizing their situation due to the high bar this framework will impose. (BitcoinCom)
-Central Bank Digital Currencies/World Currencies-
1. Fed Governor Waller: No Need for CBDC: The private sector should lead the evolution of payments, while the Federal Reserve should be ready to solve problems that can’t be handled by the private sector alone, Federal Reserve Governor Christopher J. Waller said Tuesday (Nov. 12). “In more than three years, I have yet to hear a satisfactory answer as applied to CBDC,” Waller said in his Tuesday speech. (pymnts)
-Institutional Concerns-
1. AI firm Genius Group surges 66% after ‘Bitcoin-first’ treasury strategy: Artificial intelligence firm Genius Group Limited surged 66% in a day after committing to a MicroStrategy-emulating “Bitcoin-first” strategy — which will see the cryptocurrency become its primary treasury asset. The play will involve committing 90% or more of the company’s current and future reserves to be held in Bitcoin starting with a $150 million at-the-market offering to acquire an initial target of $120 million in Bitcoin. (CoinTelegraph) (AC-Institutions continue to adopt the Bitcoin store of value (SOV) strategy pioneered by MicroStrategy. The SOV phase will continue to accelerate as both nation-states, institutions, companies and investors realize benefits the best digital asset available.)
-Economic Indicators-
1. Bitcoin's correlation to gold hits 11-month low amid capital reallocation: Since the U.S. presidential election, gold has dropped by 5% while bitcoin has surged by over 20% — highlighting a shift in the correlation between these two assets. Some analysts suggest that capital is moving out of gold and into bitcoin as investors reevaluate their safe-haven strategies. (TheBlock)
2. Volatility Expected in Bitcoin Later Today as US Headline Inflation Data Is Expected to Tick Higher: Headline inflation year-over-year is expected to increase by 0.2% and end a six-month consecutive decline, last seen in March 2024. (CoinDesk)
-Security Incidents and Concerns-
1. South Korea arrests 215 individuals in $232 million crypto fraud scheme: The scam took place between December 2021 and March 2023. It lured investors with a “private sale” based on “advanced information” on unlisted cryptocurrencies that guarantee high returns, selling 28 different kinds of fraudulent crypto tokens to defraud $232 million. (TheBlock)
-Technology and Science-
1. Donald Trump's US 'Crypto Capital' Future to Bring More Politicians Sharing the Same Mindset: The Washington Post reported that Donald Trump is now evaluating "pro-crypto" candidates who will soon be given important roles in the United States government that will help expand more of cryptocurrency's adoption in the country. It was revealed that there are already several candidates for the positions, with them being known for their support and affiliations with the crypto industry. (TechTimes)
-Bitcoin Community-
1. ‘Just Don’t Break’ Bitcoin: Devs Debate Tech Upgrades to Top Crypto: Most of the world focuses on bitcoin (BTC)’s zipping price. Not so for the 100-odd bitcoiners who gathered at Fidelity Investments’ headquarters over the weekend. “This is about getting bitcoin to the next billion people,” said Will Foxley, emcee of OP_NEXT, what he claimed was the first bitcoin scaling conference in five years. OP_NEXT is the newest anomaly on crypto’s overstuffed conference circuit. It's got none of the retail-friendly bravado of Bitcoin Nashville. Instead, dozens of hoodie-wearing coder boys (and a handful of women) debated improvements that might make bitcoin more useful, usable, and even resilient against faraway problems that could one day upend the world’s most valuable cryptocurrency. (CoinDesk)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 84/100 (Up 4 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report