Bitcoin Veterans on Nostr: BTC Daily Intelligence Bulletin (DIB) Block: 858,796 DTG/ICOD: 1200Z 28Aug24 ...
BTC Daily Intelligence Bulletin (DIB)
Block: 858,796
DTG/ICOD: 1200Z 28Aug24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: IDF Launches West Bank Operation / Big Typhoon Headed to Japan / Ukraine's F-16 Score First Kill / Mexico's Obrador Not Happy With US Ambassador / Indictments Re-filed Against Trump / RFK Unable to be Removed Off Some Key Ballots / Zuckerberg Admits USG Pressure to Censor / Binance CEO Says 'FUD' to Wallet Freeze / India Looks for Global CBDC Framework / Home Prices Unaffordable / Is Cyber Attack Next? / Miner Rhodium Files Bankruptcy / 30K of BTC Moved, Spooks Market
Market Data: Price: 1 BTC= $60,039, 24.85 oz Gold, .14 Median US House
24hr Hi: $62,487 / Lo: $58,116
Vol: $44B (Up 53%)
Mkt Cap: $1.19T (Down 4%)
HashRate: 613 EH/s
Avg Fee Rate: 4 sats/vBtye (Up 20%)
Nodes: 19,507
---Reports---
-International Events-
1. Israel launches a large-scale military operation in the occupied West Bank, killing 9 Palestinians: Israel has carried out near-daily raids across the West Bank since Hamas’ Oct. 7 attack out of Gaza triggered the ongoing war there. Lt. Col. Nadav Shoshani, an Israeli military spokesman, said that “large forces” had entered the volatile city of Jenin, which has long been a militant stronghold, as well as Tulkarem and the Al-Faraa refugee camp dating back to the 1948 Mideast war, all in the northern West Bank. (AP)
2. Japan issues emergency warning as powerful Typhoon Shanshan nears: Southwestern Japan braced on Wednesday for what officials say could be one of the strongest storms to ever hit the region, as some residents in the path of Typhoon Shanshan were ordered to evacuate and major firms like Toyota closed factories. (Reuters)
3. Ukraine’s F-16s Have Scored Their First Aerial Kills: Ukraine’s ex-Danish Lockheed Martin F-16s have scored their first aerial victories. According to Ukrainian president Volodymyr Zelensky, the supersonic F-16s shot down Russian cruise missiles during the Russian air raids targeting Ukrainian cities on Monday. (Forbes)
4. Judicial Reforms Strain Mexican-US Ties, Spook Investors: The reforms, under which judges would be elected by popular vote, could pose "a major risk to the functioning of Mexico's democracy, said US Amb. Salazar, while Canada has for its part said investors are worried. Salazar's remarks in particular irked Mexican President Andres Manuel Lopez Obrador, who announced Tuesday a "pause" in dialogue with the US diplomat, with whom he usually has close ties. (IBTimes)
-US Events-
1. Trump re-charged in special counsel election case due to Supreme Court immunity ruling: A federal grand jury on Tuesday returned a superseding indictment charging former President Donald Trump with the same offenses that he originally faced in his criminal election interference case in Washington, D.C. The new indictment is shorter than the original but Trump still faces one count each of conspiracy to defraud the United States, conspiracy to obstruct an official proceeding, obstruction of and attempt to obstruct an official proceeding, and conspiracy against rights. (CNBC)
2. RFK Jr. won't be able to remove himself from ballots in Michigan and Wisconsin: Election officials in the two swing states confirm that Kennedy's name will remain on their ballots despite his decision to drop out and back Trump. (NBC)
-Regulatory and Legal-
1. Meta’s CEO Mark Zuckerberg Claims Government Pressure to Censor COVID-19 Content: Mark Zuckerberg, CEO of Meta, has revealed that the Biden administration allegedly "pressured" the social media giant to censor content related to COVID-19. Senior officials from the Biden administration reportedly pressured Meta for months to remove or censor certain COVID-19 content in 2021. This included not only serious discussions but also humor and satire related to the pandemic. Zuckerberg detailed these claims in a letter addressed to the Republican-led House Judiciary Committee. (TechTimes)
2. Binance CEO dismisses 'FUD' over alleged freeze of Palestinian crypto wallets: Recently, allegations have emerged that Binance has frozen the assets of Palestinian users following a request from the Israel Defense Forces (IDF). “FUD. Only a limited number of user accounts, linked to illicit funds, were blocked from transacting. There have been some incorrect statements about this,” CEO Teng stated. (CryptoBriefing)
-Central Bank Digital Currencies-
1. India's central bank proposes 'plug-and-play' CBDC framework for cross-border transactions: RBI Governor Shaktikanta Das highlighted the potential for greater efficiency in cross-border transactions with the emergence of fast payment systems and central bank digital currencies (CBDCs). (CryptoBriefing) (AC-Reading between the lines, they are looking for a global solution.)
-Institutional Concerns-
1. Bitcoin and Ethereum Stabilize After Sharp Drop on Tuesday: Bitcoin experienced a sudden drop of over 6% and reached a low of $58,090 during late-night European trading hours. This decline had a ripple effect on the broader cryptocurrency market, with Ethereum falling by 8.2%. (Decrypt)
-Economic Indicators-
1. Home prices hit record high in June: ‘Most unaffordable housing market in history’: Years of underbuilding fueled a shortage of homes in the country, a problem that was later exacerbated by the rapid rise in mortgage rates and expensive construction materials. Sellers who locked in a record-low mortgage rate of 3% or less during the pandemic began have been reluctant to sell, limiting supply further and leaving few options for eager would-be buyers. (NYPost)
2. US Mortgage Rates Lowest since April 2023: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.44% in the week ended August 23, 2024, the lowest since April 2023. (TradingEconomics)
-Security Incidents and Concerns-
1. Recent Events Prove Western Nations Are Highly Vulnerable To Cyber Calamity: With the increasing tensions between western and eastern nations the chances of a cyber attack are high, and is the next most likely global disaster. With a cyber-event there is the distinct danger of communications disruptions – No cell phones, no email, no social media, nothing. So, having knowledge in ham radio and radio communications is a must. (ZeroHedge)
-Technology and Science-
1. AI model generates real-time playable DOOM with no game engine: GameNGen can simulate the classic game DOOM at over 20 frames per second, achieving visual quality comparable to the original game. (CryptoSlate)
-Bitcoin Community-
1. Bitcoin miner Rhodium files for chapter 11 bankruptcy with up to $100 million in liabilities: Bitcoin mining firm Rhodium Enterprises filed for Chapter 11 bankruptcy in Texas, citing liabilities up to $100 million. The filing includes six subsidiaries and follows loan defaults totaling $54 million in July. This move allows Rhodium to reorganize debts while continuing operations. The bankruptcy reflects broader challenges in the crypto mining sector, including declining profits post-halving and increased energy costs. (CryptoBriefing)
2. Mysterious $1.88 Billion Bitcoin Transfer Stuns World's Largest Exchange: An unexpected twist emerged on-chain when, according to data from Whale Alert, 30,000 BTC, a colossal sum equivalent to $1.88 billion at current prices, was transferred to the world's largest crypto exchange, Binance. (UToday)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 30/100 (Down 18 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Block: 858,796
DTG/ICOD: 1200Z 28Aug24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: IDF Launches West Bank Operation / Big Typhoon Headed to Japan / Ukraine's F-16 Score First Kill / Mexico's Obrador Not Happy With US Ambassador / Indictments Re-filed Against Trump / RFK Unable to be Removed Off Some Key Ballots / Zuckerberg Admits USG Pressure to Censor / Binance CEO Says 'FUD' to Wallet Freeze / India Looks for Global CBDC Framework / Home Prices Unaffordable / Is Cyber Attack Next? / Miner Rhodium Files Bankruptcy / 30K of BTC Moved, Spooks Market
Market Data: Price: 1 BTC= $60,039, 24.85 oz Gold, .14 Median US House
24hr Hi: $62,487 / Lo: $58,116
Vol: $44B (Up 53%)
Mkt Cap: $1.19T (Down 4%)
HashRate: 613 EH/s
Avg Fee Rate: 4 sats/vBtye (Up 20%)
Nodes: 19,507
---Reports---
-International Events-
1. Israel launches a large-scale military operation in the occupied West Bank, killing 9 Palestinians: Israel has carried out near-daily raids across the West Bank since Hamas’ Oct. 7 attack out of Gaza triggered the ongoing war there. Lt. Col. Nadav Shoshani, an Israeli military spokesman, said that “large forces” had entered the volatile city of Jenin, which has long been a militant stronghold, as well as Tulkarem and the Al-Faraa refugee camp dating back to the 1948 Mideast war, all in the northern West Bank. (AP)
2. Japan issues emergency warning as powerful Typhoon Shanshan nears: Southwestern Japan braced on Wednesday for what officials say could be one of the strongest storms to ever hit the region, as some residents in the path of Typhoon Shanshan were ordered to evacuate and major firms like Toyota closed factories. (Reuters)
3. Ukraine’s F-16s Have Scored Their First Aerial Kills: Ukraine’s ex-Danish Lockheed Martin F-16s have scored their first aerial victories. According to Ukrainian president Volodymyr Zelensky, the supersonic F-16s shot down Russian cruise missiles during the Russian air raids targeting Ukrainian cities on Monday. (Forbes)
4. Judicial Reforms Strain Mexican-US Ties, Spook Investors: The reforms, under which judges would be elected by popular vote, could pose "a major risk to the functioning of Mexico's democracy, said US Amb. Salazar, while Canada has for its part said investors are worried. Salazar's remarks in particular irked Mexican President Andres Manuel Lopez Obrador, who announced Tuesday a "pause" in dialogue with the US diplomat, with whom he usually has close ties. (IBTimes)
-US Events-
1. Trump re-charged in special counsel election case due to Supreme Court immunity ruling: A federal grand jury on Tuesday returned a superseding indictment charging former President Donald Trump with the same offenses that he originally faced in his criminal election interference case in Washington, D.C. The new indictment is shorter than the original but Trump still faces one count each of conspiracy to defraud the United States, conspiracy to obstruct an official proceeding, obstruction of and attempt to obstruct an official proceeding, and conspiracy against rights. (CNBC)
2. RFK Jr. won't be able to remove himself from ballots in Michigan and Wisconsin: Election officials in the two swing states confirm that Kennedy's name will remain on their ballots despite his decision to drop out and back Trump. (NBC)
-Regulatory and Legal-
1. Meta’s CEO Mark Zuckerberg Claims Government Pressure to Censor COVID-19 Content: Mark Zuckerberg, CEO of Meta, has revealed that the Biden administration allegedly "pressured" the social media giant to censor content related to COVID-19. Senior officials from the Biden administration reportedly pressured Meta for months to remove or censor certain COVID-19 content in 2021. This included not only serious discussions but also humor and satire related to the pandemic. Zuckerberg detailed these claims in a letter addressed to the Republican-led House Judiciary Committee. (TechTimes)
2. Binance CEO dismisses 'FUD' over alleged freeze of Palestinian crypto wallets: Recently, allegations have emerged that Binance has frozen the assets of Palestinian users following a request from the Israel Defense Forces (IDF). “FUD. Only a limited number of user accounts, linked to illicit funds, were blocked from transacting. There have been some incorrect statements about this,” CEO Teng stated. (CryptoBriefing)
-Central Bank Digital Currencies-
1. India's central bank proposes 'plug-and-play' CBDC framework for cross-border transactions: RBI Governor Shaktikanta Das highlighted the potential for greater efficiency in cross-border transactions with the emergence of fast payment systems and central bank digital currencies (CBDCs). (CryptoBriefing) (AC-Reading between the lines, they are looking for a global solution.)
-Institutional Concerns-
1. Bitcoin and Ethereum Stabilize After Sharp Drop on Tuesday: Bitcoin experienced a sudden drop of over 6% and reached a low of $58,090 during late-night European trading hours. This decline had a ripple effect on the broader cryptocurrency market, with Ethereum falling by 8.2%. (Decrypt)
-Economic Indicators-
1. Home prices hit record high in June: ‘Most unaffordable housing market in history’: Years of underbuilding fueled a shortage of homes in the country, a problem that was later exacerbated by the rapid rise in mortgage rates and expensive construction materials. Sellers who locked in a record-low mortgage rate of 3% or less during the pandemic began have been reluctant to sell, limiting supply further and leaving few options for eager would-be buyers. (NYPost)
2. US Mortgage Rates Lowest since April 2023: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.44% in the week ended August 23, 2024, the lowest since April 2023. (TradingEconomics)
-Security Incidents and Concerns-
1. Recent Events Prove Western Nations Are Highly Vulnerable To Cyber Calamity: With the increasing tensions between western and eastern nations the chances of a cyber attack are high, and is the next most likely global disaster. With a cyber-event there is the distinct danger of communications disruptions – No cell phones, no email, no social media, nothing. So, having knowledge in ham radio and radio communications is a must. (ZeroHedge)
-Technology and Science-
1. AI model generates real-time playable DOOM with no game engine: GameNGen can simulate the classic game DOOM at over 20 frames per second, achieving visual quality comparable to the original game. (CryptoSlate)
-Bitcoin Community-
1. Bitcoin miner Rhodium files for chapter 11 bankruptcy with up to $100 million in liabilities: Bitcoin mining firm Rhodium Enterprises filed for Chapter 11 bankruptcy in Texas, citing liabilities up to $100 million. The filing includes six subsidiaries and follows loan defaults totaling $54 million in July. This move allows Rhodium to reorganize debts while continuing operations. The bankruptcy reflects broader challenges in the crypto mining sector, including declining profits post-halving and increased energy costs. (CryptoBriefing)
2. Mysterious $1.88 Billion Bitcoin Transfer Stuns World's Largest Exchange: An unexpected twist emerged on-chain when, according to data from Whale Alert, 30,000 BTC, a colossal sum equivalent to $1.88 billion at current prices, was transferred to the world's largest crypto exchange, Binance. (UToday)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 30/100 (Down 18 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report