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2024-11-06 16:55:04

Bitcoin Veterans on Nostr: BTC Daily Intelligence Bulletin (DIB) Block: 869,117 DTG/ICOD: 1200Z 06Nov24 ...

BTC Daily Intelligence Bulletin (DIB)
Block: 869,117
DTG/ICOD: 1200Z 06Nov24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: Trump Wins Presidency, Fear, Uncertainty Continue Worldwide / Netanyahu Fires Defense Minister / Ukrainians Engage North Korean Soldiers / Sen Warren Wins Re-Election / Trump's Crypto Promises / South Korea Starts CBDC Trials / Bitcoin Hits New All Time High / US Stock Futures Soar / INTERPOL Take Down 22K Servers Worldwide / Riot's BTC Output Up

Market Data: Price: 1 BTC= $73,962, 27.65 oz Gold, .17 Median US House
24hr Hi: $75,361 / Lo: $68,667
Vol: $105B (Up 155%)
Mkt Cap: $1.46T (Up 8%)
HashRate: 706 EH/s
Avg Fee Rate: 6 sats/vBtye (Up 20%)
Nodes: 19,216

---Reports---
-International Events-
1. Trump: ‘I’m not going to start wars, I’m going to stop wars’: “I’m not going to start wars, I’m going to stop wars,” declares Republican US presidential nominee Donald Trump in his victory speech. “We had no wars, for four years we had no wars. Except we defeated ISIS,” Trump says. (TimesOfIsrael)

2. Netanyahu fires Israeli Defense Minister Yoav Gallant for 2nd time, citing trust 'crisis': Israeli Prime Minister Benjamin Netanyahu fired Defense Minister Yoav Gallant for the second time on Tuesday, citing a "crisis of trust" between the two amid Israel's ongoing war against Hamas in Gaza and Hezbollah in Lebanon. Netanyahu said he had no remaining trust in Gallant while Israel is still at war. He appointed Israeli Foreign Minister Israel Katz to take over the position, while Gideon Saar will succeed Katz. (USAToday)

3. Ukraine says it fought N Korean troops for first time: In an interview with South Korean broadcaster KBS, Ukrainian Defence Minister Rustem Umerov said a "small group" of North Korean soldiers were attacked. Ukraine leader Volodymyr Zelensky, who had earlier condemned the West's lack of response to the North Korean troops, said these "first battles with North Korea open a new chapter of instability in the world". (BBC)

-US Events-
1. Donald Trump Wins the Presidency: Former President Donald John Trump is the winner of the 2024 presidential election, and will become the first person to win back the Oval Office after losing a reelection bid since Democrat Grover Cleveland in 1884 and 1892. Trump — the 45th and soon-to-be 47th president — secured a path to a 270-vote threshold in the Electoral College with a victory in Pennsylvania, one of the “blue wall” states he won in 2016, and where he campaigned vigorously throughout the campaign. (Breitbart)

-Regulatory and Legal-
1. Elizabeth Warren Defeats Pro-Crypto Republican To Hang Onto Senate Seat: Massachusetts voters overwhelmingly reelected Democratic Senator Elizabeth Warren on Tuesday as she cruised to victory over Republican challenger John Deaton, a cryptocurrency proponent. Despite a spirited campaign, Warren was declared the winner shortly after the state's polls closed at 8 p.m. ET. Warren led by a convincing margin when the race was declared by the Associated Press. (IBTimes)

2. Donald Trump Wins the Presidency: Here's What It Means for Crypto: From the outset of his campaign, Trump vowed to loosen restrictions on digital assets and blockchain technology firms in the U.S. Trump has pledged to support the crypto industry by establishing a national Bitcoin reserve, backing U.S.-based mining, opposing a U.S. CBDC, and advocating for self-custody rights. Additionally, his family's recent venture, World Liberty Financial, signals a deepening commitment to the sector. (Decrypt)

-Central Bank Digital Currencies/World Currencies-
1. Seven South Korean banks to participate in CBDC-driven pilot: The program, announced by the FSC in a Nov. 6 press release, aims to explore the potential of CBDCs in daily transactions. The participating banks, including KB, Shinhan, Woori, and Hana, will issue deposit tokens that represent digital assets backed by bank deposits, the press release reads. (CryptoNews)

-Institutional Concerns-
1. Crypto investment products hit record annual inflows of $29 billion this year: Global crypto funds run by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares registered net inflows of $2.18 billion last week, according to CoinShares, bringing year-to-date figures to a record $29.2 billion. (TheBlock)

-Economic Indicators-
1. Bitcoin (BTC) Reaches $75,000 as U.S. Election Results Unfold: Bitcoin reached a historic milestone of $75,000 on November 5, 2024, as election results showed Donald Trump securing victories in key swing states. The cryptocurrency’s price movement coincided with Trump’s wins in North Carolina, Georgia, and Pennsylvania, marking a 7% increase that pushed Bitcoin beyond its previous record of $73,797.68 set in March. (Blockonomi)

2. US Futures Soar as Trump Wins Second Term: US futures soared on Wednesday, with contracts on the S&P 500 futures adding 2.1%, the Nasdaq 100 jumping 1.5% and the Dow Jones gaining by an impressive 1260 points as Donald Trump won the US Presidential election. (TradingEconomics)

-Security Incidents and Concerns-
1. INTERPOL Disrupts Over 22,000 Malicious Servers in Global Crackdown on Cybercrime: Dubbed Operation Synergia II, the coordinated effort ran from April 1 to August 31, 2024, targeting phishing, ransomware, and information stealer infrastructure. "Of the approximately 30,000 suspicious IP addresses identified, 76 per cent were taken down and 59 servers were seized," INTERPOL said. "Additionally, 43 electronic devices, including laptops, mobile phones and hard disks were seized." (HackerNews) (AC-Global 'operations' such as this are indicative of mass surveillance conducted by law enforcement and intelligence agencies, often in violation to privacy laws and statutes worldwide. The more this becomes accepted, the less privacy individuals will maintain.)

-Technology and Science-
NSTR

-Bitcoin Community-
1. Riot's Monthly BTC Output Up by 23%; Company Calls October Production 'New Post-Halving Milestone': Bitcoin mining giant Riot Platforms recently announced that it mined 505 bitcoins (BTC) in October, a 23% jump from the 412 bitcoins mined in September. In the same month, Riot reported a 5% month-over-month increase in its bitcoin holdings, from 10,427 to 10,928. (BItcoinCom)

-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 70/100 (Even)

Analyst Comments (AC): Trump's win will usher Bitcoin into even more worldwide acceptance, with any effort at building a Bitcoin Reserve foremost among stimulants to Bitcoin adoption. The economic use of Bitcoin as a store of value has been proven and accepted by individuals and institutions, continuing to increase. As a medium of exchange and unit of account, Bitcoin still has a long way to go, but in this hyper-connected world this could happen quickly following the expected efforts of such a Bitcoin-friendly administration.

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Analyst: BV2A
END REPORT
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npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r