Bitcoin Veterans on Nostr: BTC Daily Intelligence Bulletin (DIB) Block: 864,117 DTG/ICOD: 1200Z 04Oct24 ...
BTC Daily Intelligence Bulletin (DIB)
Block: 864,117
DTG/ICOD: 1200Z 04Oct24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: IDF Continues Hezbollah Head Strikes / Sex Slave Freed in Gaza / DHS Say Money Is Tight For FEMA Relief / Longshoremen End Strike, Until After Inauguration / IMF Tells El Salvador to Limit Bitcoin Efforts / Africa Turing to Stablecoins / Argentine VP Learning About Bitcoin From Bukele / B of A Has Major Glitch for Customers / Battlefields Go Remote
Market Data: Price: 1 BTC= $61,487, 23.12 oz Gold, .14 Median US House
24hr Hi: $61,630 / Lo: $59,878
Vol: $31B (Down 23%)
Mkt Cap: $1.2T (Up 1%)
HashRate: 747 EH/s
Avg Fee Rate: 3 sats/vBtye (Even)
Nodes: 18,960
---Reports---
-International Events-
1. Massive blasts in Beirut after renewed Israeli air strikes: Israeli bombing caused large explosions in Beirut, including one close to the international airport during a further night of air strikes targeting Hezbollah. Israeli officials reported the target was Hashem Safieddine, a cousin of Hezbollah's former leader Hassan Nasrallah. Safieddine has been widely regarded as the most likely candidate to replace Nasrallah after his death in an Israeli strike last week. Elsewhere, the Lebanese army said two of its soldiers had been killed in the country's south as Israeli forces pressed on with their invasion against Hezbollah and ordered another 20 towns and villages to evacuate. (BBC)
2. Yazidi woman rescued from Gaza after decade as ISIL captive: A 21-year-old woman kidnapped by ISIL (ISIS) fighters in Iraq in 2014 was freed from Gaza this week in a secret operation that involved Iraq, Israel, Jordan and the United States. The woman was taken at the age of 11 and later trafficked into Gaza. (AlJazeera)
-US Events-
1. Feds say there’s no money left to respond to hurricanes — after FEMA spent $1.4B on migrants: Mayorkas set off outrage Wednesday when he told reporters that the Federal Emergency Management Agency (FEMA) “does not have the funds” to see Americans through the rest of this Atlantic hurricane season — after the agency spent more than $1.4 billion since the fall of 2022 to address the migrant crisis. A relatively paltry $4 million has been paid directly to families and individuals in the week since Hurricane Helene ravaged the Southeast, killing at least 202 people and causing severe flooding damage from Florida to North Carolina. (NYPost)
2. U.S. Port Workers Agree to End Their Strike: The breakthrough Thursday came after port employers offered a 62% increase in wages over six years, according to people familiar with the matter. The new offer, up from an earlier proposed raise of 50%, came after the White House privately and publicly pressed the large shipping lines and cargo terminal operators who employ the longshore workers to make a new offer to the union. They said the agreement would extend the prior contract, which expired at the start of this week, through Jan. 15, 2025 while the two sides negotiate on other issues, including automation on the docks.(WSJ) (AC-Simple confirmation that this was a political stunt since the delay in negotiation only extends until January 15th, just after inauguration.)
-Regulatory and Legal-
1. IMF Urges El Salvador to Narrow Bitcoin Experiment: At a press conference Thursday, the body’s spokesperson Julie Kozack was quoted saying that the IMF had recommended “limiting public sector exposure to Bitcoin,” according to a Reuters report. (Decrypt) (AC-The IMF does NOT like Bitcoin.)
-Central Bank Digital Currencies/World Currencies-
1. Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa: Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin’s 18.1%. This trend is driven by the instability of local currencies and limited access to US dollars. Businesses and individuals view stablecoins as a reliable way to store value and conduct international payments. (BitcoinCom)
-Institutional Concerns-
1. Bukele Advises Argentine Vice President on Bitcoin and Volcano Bonds: During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation’s vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin. While the meeting was private, a video released before the meeting shows Villarruel asking Bukele about the first cryptocurrency and the yet-to-be-issued bitcoin-backed “volcano bonds.” (BitcoinCom)
2. US spot bitcoin ETFs saw $91 million in net outflows yesterday, led by Ark’s ARKB (TheBlock)
-Economic Indicators-
1. US Stocks Close Lower: All the three US major indexes finished in the red on Thursday as investors worried about escalating Middle East tensions ahead of the September payroll report. The S&P 500 closed 0.2% lower, the Dow Jones lost 185 points and the Nasdaq finished marginally in the red. (TradingEconomics)
2. ISM Services PMI Highest in Over a Year: The ISM Services PMI in the US soared to 54.9 in September 2024 from 51.5 in August and much higher than forecasts of 51.7. (TradingEconomics)
-Security Incidents and Concerns-
1. Bank of America customers see $0 balances amid nationwide outage: Reports of service issues began about 4:26 pm UTC on Oct. 2 and peaked an hour later with almost 18,000 Bank of America customers reporting issues within a 15-minute interval. About 98% of the reports referenced Bank of America’s mobile and online banking apps. Meanwhile, hundreds of Bank of America customers criticized the bank over the IT glitch; some noted that while they had a $0 balance, their debt remained. “My money is gone but conveniently my debt is still there. Bank of America sucks,” X user Anchor Baby said. (CoinTelegraph) (AC-An indication of reality.)
-Technology and Science-
1. Armed Robo-Dogs, Hypersonic Missiles, & Kamikaze Drones Deployed On Modern Battlefields: Iran-backed terror organizations around Israel have recently launched countless loitering munitions, or "kamikaze drones," attacks on the country and commercial shipping in the maritime chokepoint of the Southern Red Sea. The newest tech entering the battlefield, already present in Eastern Europe but now being trialed in the Middle East, is armed robot dogs equipped with artificial intelligence, high-tech sensors, and rifles. A US Army Central spokesman told Military.com that the armed Q-UGV was tested with several "non-counter-sUAS" systems alongside 15 counter-drone platforms at Red Sands. These 'Skynet'- like weapons of war "engaged several static ground targets," (ZeroHedge)
-Bitcoin Community-
1. Dollar-cost averaging Bitcoin from 2021 market top returns 107%: nvestors who began purchasing $100 worth of Bitcoin weekly when it reached its previous all-time high of $69,000 would have invested a total of $15,200 over 152 weeks. Despite starting at the market peak, their position would now be worth $31,473, representing a 107.06% gain. (CryptoSlate)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 41/100 (Up 4 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Block: 864,117
DTG/ICOD: 1200Z 04Oct24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: IDF Continues Hezbollah Head Strikes / Sex Slave Freed in Gaza / DHS Say Money Is Tight For FEMA Relief / Longshoremen End Strike, Until After Inauguration / IMF Tells El Salvador to Limit Bitcoin Efforts / Africa Turing to Stablecoins / Argentine VP Learning About Bitcoin From Bukele / B of A Has Major Glitch for Customers / Battlefields Go Remote
Market Data: Price: 1 BTC= $61,487, 23.12 oz Gold, .14 Median US House
24hr Hi: $61,630 / Lo: $59,878
Vol: $31B (Down 23%)
Mkt Cap: $1.2T (Up 1%)
HashRate: 747 EH/s
Avg Fee Rate: 3 sats/vBtye (Even)
Nodes: 18,960
---Reports---
-International Events-
1. Massive blasts in Beirut after renewed Israeli air strikes: Israeli bombing caused large explosions in Beirut, including one close to the international airport during a further night of air strikes targeting Hezbollah. Israeli officials reported the target was Hashem Safieddine, a cousin of Hezbollah's former leader Hassan Nasrallah. Safieddine has been widely regarded as the most likely candidate to replace Nasrallah after his death in an Israeli strike last week. Elsewhere, the Lebanese army said two of its soldiers had been killed in the country's south as Israeli forces pressed on with their invasion against Hezbollah and ordered another 20 towns and villages to evacuate. (BBC)
2. Yazidi woman rescued from Gaza after decade as ISIL captive: A 21-year-old woman kidnapped by ISIL (ISIS) fighters in Iraq in 2014 was freed from Gaza this week in a secret operation that involved Iraq, Israel, Jordan and the United States. The woman was taken at the age of 11 and later trafficked into Gaza. (AlJazeera)
-US Events-
1. Feds say there’s no money left to respond to hurricanes — after FEMA spent $1.4B on migrants: Mayorkas set off outrage Wednesday when he told reporters that the Federal Emergency Management Agency (FEMA) “does not have the funds” to see Americans through the rest of this Atlantic hurricane season — after the agency spent more than $1.4 billion since the fall of 2022 to address the migrant crisis. A relatively paltry $4 million has been paid directly to families and individuals in the week since Hurricane Helene ravaged the Southeast, killing at least 202 people and causing severe flooding damage from Florida to North Carolina. (NYPost)
2. U.S. Port Workers Agree to End Their Strike: The breakthrough Thursday came after port employers offered a 62% increase in wages over six years, according to people familiar with the matter. The new offer, up from an earlier proposed raise of 50%, came after the White House privately and publicly pressed the large shipping lines and cargo terminal operators who employ the longshore workers to make a new offer to the union. They said the agreement would extend the prior contract, which expired at the start of this week, through Jan. 15, 2025 while the two sides negotiate on other issues, including automation on the docks.(WSJ) (AC-Simple confirmation that this was a political stunt since the delay in negotiation only extends until January 15th, just after inauguration.)
-Regulatory and Legal-
1. IMF Urges El Salvador to Narrow Bitcoin Experiment: At a press conference Thursday, the body’s spokesperson Julie Kozack was quoted saying that the IMF had recommended “limiting public sector exposure to Bitcoin,” according to a Reuters report. (Decrypt) (AC-The IMF does NOT like Bitcoin.)
-Central Bank Digital Currencies/World Currencies-
1. Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa: Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin’s 18.1%. This trend is driven by the instability of local currencies and limited access to US dollars. Businesses and individuals view stablecoins as a reliable way to store value and conduct international payments. (BitcoinCom)
-Institutional Concerns-
1. Bukele Advises Argentine Vice President on Bitcoin and Volcano Bonds: During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation’s vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin. While the meeting was private, a video released before the meeting shows Villarruel asking Bukele about the first cryptocurrency and the yet-to-be-issued bitcoin-backed “volcano bonds.” (BitcoinCom)
2. US spot bitcoin ETFs saw $91 million in net outflows yesterday, led by Ark’s ARKB (TheBlock)
-Economic Indicators-
1. US Stocks Close Lower: All the three US major indexes finished in the red on Thursday as investors worried about escalating Middle East tensions ahead of the September payroll report. The S&P 500 closed 0.2% lower, the Dow Jones lost 185 points and the Nasdaq finished marginally in the red. (TradingEconomics)
2. ISM Services PMI Highest in Over a Year: The ISM Services PMI in the US soared to 54.9 in September 2024 from 51.5 in August and much higher than forecasts of 51.7. (TradingEconomics)
-Security Incidents and Concerns-
1. Bank of America customers see $0 balances amid nationwide outage: Reports of service issues began about 4:26 pm UTC on Oct. 2 and peaked an hour later with almost 18,000 Bank of America customers reporting issues within a 15-minute interval. About 98% of the reports referenced Bank of America’s mobile and online banking apps. Meanwhile, hundreds of Bank of America customers criticized the bank over the IT glitch; some noted that while they had a $0 balance, their debt remained. “My money is gone but conveniently my debt is still there. Bank of America sucks,” X user Anchor Baby said. (CoinTelegraph) (AC-An indication of reality.)
-Technology and Science-
1. Armed Robo-Dogs, Hypersonic Missiles, & Kamikaze Drones Deployed On Modern Battlefields: Iran-backed terror organizations around Israel have recently launched countless loitering munitions, or "kamikaze drones," attacks on the country and commercial shipping in the maritime chokepoint of the Southern Red Sea. The newest tech entering the battlefield, already present in Eastern Europe but now being trialed in the Middle East, is armed robot dogs equipped with artificial intelligence, high-tech sensors, and rifles. A US Army Central spokesman told Military.com that the armed Q-UGV was tested with several "non-counter-sUAS" systems alongside 15 counter-drone platforms at Red Sands. These 'Skynet'- like weapons of war "engaged several static ground targets," (ZeroHedge)
-Bitcoin Community-
1. Dollar-cost averaging Bitcoin from 2021 market top returns 107%: nvestors who began purchasing $100 worth of Bitcoin weekly when it reached its previous all-time high of $69,000 would have invested a total of $15,200 over 152 weeks. Despite starting at the market peak, their position would now be worth $31,473, representing a 107.06% gain. (CryptoSlate)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 41/100 (Up 4 pts)
Analyst Comments (AC): NSTR
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report