Bitcoin Veterans on Nostr: BTC Daily Intelligence Bulletin (DIB) Block: 860,750 DTG/ICOD: 1200Z 10Sep24 ...
BTC Daily Intelligence Bulletin (DIB)
Block: 860,750
DTG/ICOD: 1200Z 10Sep24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Hamas Command Center Struck in Gaza / Ukrainian Drones Target Moscow / Another USG Shutdown Possible / Presidential Debate Tonight / Kentucky Shooter Is a Veteran / Class Action Suit Against Coinbase Continues / NC Passes Anti-CBDC Bill / Putin Admits to Mining BTC / Consumer Credit Growth Doubles Expectations / Ford Wants to Spy on Your Car Conversations / US House Votes to Ban DJI Drones / New DOJ Antitrust Suit Against Google / Three Years of El Salvador's Bitcoin Strategy
Market Data: Price: 1 BTC= $57,283, 22.83 oz Gold, .13 Median US House
24hr Hi: $58,041 / Lo: $54,848
Vol: $34B (Up 40%)
Mkt Cap: $1.13T (Up 4%)
HashRate: 628 EH/s
Avg Fee Rate: 5 sats/vBtye (Up 150%)
Nodes: 19,378
---Reports---
-International Events-
1. Dozens reported killed in Israeli strikes on ‘Hamas command center’ in Gaza humanitarian area: At least four Israeli missiles struck the tent encampment near Khan Younis which is now home to thousands of civilians who fled their war-torn homes — as well as a Hamas command center, according to the IDF’s claims. The military said it used “precise munitions, aerial surveillance, and additional means” to mitigate the risk of striking innocent civilians who were sheltering from the war in the encampment, according to CNN. An official with Hamas’ civil defense authority told BBC that 40 people were killed in the attack and 60 others were wounded. (NYPost)
2. A woman is killed near Moscow as over 140 Ukrainian drones target Russia: Over 140 Ukrainian drones targeted multiple Russian regions overnight, including Moscow and surrounding areas, killing at least one person, officials said Tuesday, in one of the biggest drone attacks on Russian soil in the 2 1/2-year war. (AP)
-US Events-
1. Government shutdown threat looms over Congress' return: Lawmakers will return to Capitol Hill on Monday after a lengthy August recess to kick off a government funding fight with just three weeks to avert a shutdown. Congress has until Oct. 1 to fund the government during the pre-Election Day sprint. With the abbreviated timeline, lawmakers will almost certainly need to pass a stopgap measure to keep the government funded — leaving the full-year funding effort for a later date. (CBS)
2. Harris and Trump ‘neck and neck’ heading into crucial debate: The vice president and her Republican rival are separated by just one point days before they take the debate stage in Philadelphia the poll by The New York Times/Siena College found. Tuesday night’s ABC News debate will be the first for Harris but the second for Trump after he took on Joe Biden in June. (IndependentUK)
3. Suspected Kentucky interstate shooter has military background, still on lam 48 hours after attack: The suspect, identified as 32-year-old Joseph A. Couch, opened fire around 6 p.m. Saturday near exit 49, authorities said, adding that the shooter fired 20 to 30 rounds, striking 12 vehicles. The U.S. Army said Couch was in the Army Reserve from March 2013 to January 2019 as a 12B combat engineer. "He was a private at the end of service. He has no deployments," the U.S. Army said. (Fox)
-Regulatory and Legal-
1. Class Action Suit Against Coinbase Will Continue, Judge Rules: Last week, a U.S. judge partially denied Coinbase's request to dismiss a class action lawsuit from shareholders who accused the exchange of misleading them about the possibility of being sued by the SEC. The judge ruled that while the plaintiffs had a plausible case of negligence on Coinbase's part, most of the allegations were not plausible. Coinbase's motion to dismiss was granted in part and denied in part. (Decrypt)
-Central Bank Digital Currencies-
1. North Carolina Senate overrides governor veto, passes bill banning CBDC: The bill forbids the state of North Carolina from accepting CBDCs as a form of payment and prohibits it from participating in future CBDC tests conducted “by any Federal Reserve branch.” (CoinTelegraph)
-Institutional Concerns-
1. Putin Acknowledges Russia as a Bitcoin Mining Leader; 54,000 BTC Mined in 2023: During his speech at the Eastern Economic Forum, President Vladimir Putin stated that Russia had become one of the world leaders in bitcoin mining. He explained that this was made possible due to the energy surplus that can be leveraged in areas like Siberia, but also warned that these activities should not hinder the region’s development. (BitcoinCom)
2. Bitcoin ETFs mark first positive inflow in 2 weeks though BlackRock sees 3rd outflow: Data indicates that Bitcoin ETFs have seen a shift, with a $28.6 million inflow marking the first positive inflow since Aug. 26, following eight consecutive trading days of outflows. (CryptoSlate)
-Economic Indicators-
1. US Consumer Credit Growth Surprises in July: Total consumer credit in the U.S. surged by $25.45 billion in July 2024, significantly higher than the $12.5 billion increase expected by markets, and well above the downwardly revised $5.23 billion rise in June. This marked the largest credit growth since November 2022, driven by substantial increases in both revolving and non-revolving debt.
-Security Incidents and Concerns-
1. Ford seeks patent for tech that listens to driver conversations to serve ads: Ford Motor Company is seeking a patent for technology that would allow it to tailor in-car advertising by listening to conversations among vehicle occupants, as well as by analyzing a car’s historical location and other data, according to a patent application published late last month. (RecordedFuture) (AC-This is the type of story that needs groundswell support to push back against encroaching losses of privacy.)
-Technology and Science-
1. US House Votes To Ban New Drones Made By China's DJI: The U.S. House of Representatives voted Monday to ban new drones made by Chinese giant DJI from operating in the country after lawmakers voiced national security concerns. The bill would prohibit the remote control devices from using American communications infrastructure. The measure wouldn't affect DJI drones already in America, where the company has sold more than half of all the drones in use. The bills all need Senate approval before they could be signed into law and with less than two months before November's presidential and congressional elections it's unclear if that will happen. (IBT)
2. US DOJ Targets Google’s Dominance in the Digital Ad Tech Industry With New Lawsuit: THe US government is going after Google and its extremely profitable ad tech operations. This week the Department of Justice (DoJ) starts a crucial trial where they accuse Alphabet, Google's parent company of running an unlawful monopoly within the digital advertising market. Since the tech giant earned over $200 billion in 2023 through advertisement, this case could attract serious consequences for the tech company. (TechTimes)
-Bitcoin Community-
1. El Salvador’s Bitcoin Bet Is Now 3 Years Old, Here’s How It’s Going So Far: Three years ago, on September 7, 2021, the country of El Salvador shocked the world when its president, Nayib Bukele, announced that the country would be adopting Bitcoin as legal tender. The county also began buying BTC to add to its reserves, growing that stash over the years. At the time, the country bought 400 BTC at an average price of $46,811, costing $18.724 million at the time. At the time of writing, the country of El Salvador now owns a total of 5,867 BTC. The Nayib Tracker website shows that the average cost of this Bitcoin stash is $43,884. Data shows that the country is now sitting on a profit of $34.55 million from its Bitcoin purchases, This translates to a 25.88% gain on its BTC purchases over the last three years. (Bitcoinist)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 33/100 (Up 4 pts)
Analyst Comments (AC): RIP James Earl Jones, the "Voice".
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report
Block: 860,750
DTG/ICOD: 1200Z 10Sep24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
__________________________
BLUF: Hamas Command Center Struck in Gaza / Ukrainian Drones Target Moscow / Another USG Shutdown Possible / Presidential Debate Tonight / Kentucky Shooter Is a Veteran / Class Action Suit Against Coinbase Continues / NC Passes Anti-CBDC Bill / Putin Admits to Mining BTC / Consumer Credit Growth Doubles Expectations / Ford Wants to Spy on Your Car Conversations / US House Votes to Ban DJI Drones / New DOJ Antitrust Suit Against Google / Three Years of El Salvador's Bitcoin Strategy
Market Data: Price: 1 BTC= $57,283, 22.83 oz Gold, .13 Median US House
24hr Hi: $58,041 / Lo: $54,848
Vol: $34B (Up 40%)
Mkt Cap: $1.13T (Up 4%)
HashRate: 628 EH/s
Avg Fee Rate: 5 sats/vBtye (Up 150%)
Nodes: 19,378
---Reports---
-International Events-
1. Dozens reported killed in Israeli strikes on ‘Hamas command center’ in Gaza humanitarian area: At least four Israeli missiles struck the tent encampment near Khan Younis which is now home to thousands of civilians who fled their war-torn homes — as well as a Hamas command center, according to the IDF’s claims. The military said it used “precise munitions, aerial surveillance, and additional means” to mitigate the risk of striking innocent civilians who were sheltering from the war in the encampment, according to CNN. An official with Hamas’ civil defense authority told BBC that 40 people were killed in the attack and 60 others were wounded. (NYPost)
2. A woman is killed near Moscow as over 140 Ukrainian drones target Russia: Over 140 Ukrainian drones targeted multiple Russian regions overnight, including Moscow and surrounding areas, killing at least one person, officials said Tuesday, in one of the biggest drone attacks on Russian soil in the 2 1/2-year war. (AP)
-US Events-
1. Government shutdown threat looms over Congress' return: Lawmakers will return to Capitol Hill on Monday after a lengthy August recess to kick off a government funding fight with just three weeks to avert a shutdown. Congress has until Oct. 1 to fund the government during the pre-Election Day sprint. With the abbreviated timeline, lawmakers will almost certainly need to pass a stopgap measure to keep the government funded — leaving the full-year funding effort for a later date. (CBS)
2. Harris and Trump ‘neck and neck’ heading into crucial debate: The vice president and her Republican rival are separated by just one point days before they take the debate stage in Philadelphia the poll by The New York Times/Siena College found. Tuesday night’s ABC News debate will be the first for Harris but the second for Trump after he took on Joe Biden in June. (IndependentUK)
3. Suspected Kentucky interstate shooter has military background, still on lam 48 hours after attack: The suspect, identified as 32-year-old Joseph A. Couch, opened fire around 6 p.m. Saturday near exit 49, authorities said, adding that the shooter fired 20 to 30 rounds, striking 12 vehicles. The U.S. Army said Couch was in the Army Reserve from March 2013 to January 2019 as a 12B combat engineer. "He was a private at the end of service. He has no deployments," the U.S. Army said. (Fox)
-Regulatory and Legal-
1. Class Action Suit Against Coinbase Will Continue, Judge Rules: Last week, a U.S. judge partially denied Coinbase's request to dismiss a class action lawsuit from shareholders who accused the exchange of misleading them about the possibility of being sued by the SEC. The judge ruled that while the plaintiffs had a plausible case of negligence on Coinbase's part, most of the allegations were not plausible. Coinbase's motion to dismiss was granted in part and denied in part. (Decrypt)
-Central Bank Digital Currencies-
1. North Carolina Senate overrides governor veto, passes bill banning CBDC: The bill forbids the state of North Carolina from accepting CBDCs as a form of payment and prohibits it from participating in future CBDC tests conducted “by any Federal Reserve branch.” (CoinTelegraph)
-Institutional Concerns-
1. Putin Acknowledges Russia as a Bitcoin Mining Leader; 54,000 BTC Mined in 2023: During his speech at the Eastern Economic Forum, President Vladimir Putin stated that Russia had become one of the world leaders in bitcoin mining. He explained that this was made possible due to the energy surplus that can be leveraged in areas like Siberia, but also warned that these activities should not hinder the region’s development. (BitcoinCom)
2. Bitcoin ETFs mark first positive inflow in 2 weeks though BlackRock sees 3rd outflow: Data indicates that Bitcoin ETFs have seen a shift, with a $28.6 million inflow marking the first positive inflow since Aug. 26, following eight consecutive trading days of outflows. (CryptoSlate)
-Economic Indicators-
1. US Consumer Credit Growth Surprises in July: Total consumer credit in the U.S. surged by $25.45 billion in July 2024, significantly higher than the $12.5 billion increase expected by markets, and well above the downwardly revised $5.23 billion rise in June. This marked the largest credit growth since November 2022, driven by substantial increases in both revolving and non-revolving debt.
-Security Incidents and Concerns-
1. Ford seeks patent for tech that listens to driver conversations to serve ads: Ford Motor Company is seeking a patent for technology that would allow it to tailor in-car advertising by listening to conversations among vehicle occupants, as well as by analyzing a car’s historical location and other data, according to a patent application published late last month. (RecordedFuture) (AC-This is the type of story that needs groundswell support to push back against encroaching losses of privacy.)
-Technology and Science-
1. US House Votes To Ban New Drones Made By China's DJI: The U.S. House of Representatives voted Monday to ban new drones made by Chinese giant DJI from operating in the country after lawmakers voiced national security concerns. The bill would prohibit the remote control devices from using American communications infrastructure. The measure wouldn't affect DJI drones already in America, where the company has sold more than half of all the drones in use. The bills all need Senate approval before they could be signed into law and with less than two months before November's presidential and congressional elections it's unclear if that will happen. (IBT)
2. US DOJ Targets Google’s Dominance in the Digital Ad Tech Industry With New Lawsuit: THe US government is going after Google and its extremely profitable ad tech operations. This week the Department of Justice (DoJ) starts a crucial trial where they accuse Alphabet, Google's parent company of running an unlawful monopoly within the digital advertising market. Since the tech giant earned over $200 billion in 2023 through advertisement, this case could attract serious consequences for the tech company. (TechTimes)
-Bitcoin Community-
1. El Salvador’s Bitcoin Bet Is Now 3 Years Old, Here’s How It’s Going So Far: Three years ago, on September 7, 2021, the country of El Salvador shocked the world when its president, Nayib Bukele, announced that the country would be adopting Bitcoin as legal tender. The county also began buying BTC to add to its reserves, growing that stash over the years. At the time, the country bought 400 BTC at an average price of $46,811, costing $18.724 million at the time. At the time of writing, the country of El Salvador now owns a total of 5,867 BTC. The Nayib Tracker website shows that the average cost of this Bitcoin stash is $43,884. Data shows that the country is now sitting on a profit of $34.55 million from its Bitcoin purchases, This translates to a 25.88% gain on its BTC purchases over the last three years. (Bitcoinist)
-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 33/100 (Up 4 pts)
Analyst Comments (AC): RIP James Earl Jones, the "Voice".
Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
____________________
Analyst: BV2A
END REPORT
NNNN
*NSTR-Nothing Significant To Report