DIB 1 NOV 2024

BTC Daily Intelligence Bulletin (DIB)
Block: 868,406
DTG/ICOD: 1200Z 01Nov24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: Floods in Spain Kill 158+ / Britain Cranks Up Taxes / Final Push For US Presidential Election / US Army Soldier Kills Sergeant / Trump Addresses Bitcoiners Over White Paper / India Brings Gold Home From England / BTC ETFs Break Records / Ford Halts EV Truck / A New Faketoshi Revealed

Market Data: Price: 1 BTC= $70,150, 25.46 oz Gold, .16 Median US House
24hr Hi: $72,150 / Lo: $68,779
Vol: $47B (Up 26%)
Mkt Cap: $1.39T (Down 3%)
HashRate: 763 EH/s
Avg Fee Rate: 8 sats/vBtye (Up 33%)
Nodes: 19,205

—Reports—
-International Events-
1. Spain hit by deadliest floods in decades: The storm began on Tuesday and has so far killed at least 158 people, including 155 in the worst-hit Valencia region, while dozens more remain missing. (CNN)

2. Britain cranks up taxes by £40B and gambles on growth: U.K. Prime Minister Keir Starmer has gone hard with his government’s first program of tax and spend as he places his faith in higher growth. Wednesday’s budget, laid out by his finance chief Rachel Reeves, set out £40 billion in taxes — the highest tax take introduced by a British chancellor since comparable records began. (Politico)

-US Events-
1. Harris, Trump Converge On Milwaukee As US Election Looms: Donald Trump and Kamala Harris hold dueling campaign rallies Friday in Wisconsin’s largest city Milwaukee, as both candidates make frantic last-ditch appeals to wavering voters with Election Day just around the corner. (IBTimes)

2. “It Did Occur” – Kentucky County Clerk Confirms Voting Booth ‘Glitch’ Shifted Trump Votes To Kamala: Earlier in the day, a video went viral of voters in Kentucky having ‘issues’ with an electronic voting machine that selected “Kamala Harris” when the voter had pressed on “Donald Trump” (ZeroHedge)

3. Soldier charged with murder after sergeant found dead in dumpster at Missouri base: Spc. Wooster Rancy, 21, of the 5th Engineer Battalion, is also charged with obstructing justice in connection to the death of Sgt. Sarah Roque, 23, the Army said Thursday. Roque was reported missing after she failed to show up for her unit’s morning formation on Oct. 21. Her body was found hours later, authorities have said. (NBC)

-Regulatory and Legal-
1. Former President Donald Trump sends a birthday wish to Bitcoin and takes a dig at VP Kamala Harris: “I would like to wish our great Bitcoiners a Happy 16th Anniversary of Satoshi’s White Paper. We will end Kamala’s war on crypto, & Bitcoin will be MADE IN THE USA! VOTE TRUMP! #Bitcoin #FreeRossDayOne,” Trump said on X. (AC-No, the anniversary of the Satoshi White Paper is not Bitcoin’s birthday, but thanks for the gesture.)

-Central Bank Digital Currencies/World Currencies-
1. India Reclaims 102 Tonnes of Gold From Bank of England as Global Risks Rise: India’s central bank, the Reserve Bank of India (RBI), has returned 102 tonnes of gold from the Bank of England to Indian soil during Dhanteras, boosting its domestic reserves amid rising geopolitical tensions, according to reports. (BItcoinCom)

-Institutional Concerns-
1. US Bitcoin ETFs Amass Over Half of Gold’s Holdings in First Year: In just 10 months, spot Bitcoin ETFs have amassed over 50% of the assets held by gold ETFs, which have been around for two decades. (Decrypt)

-Economic Indicators-
1.US Jobless Claims Drop to Mid-May Level: The number of individuals filing for unemployment benefits in the US fell by 12,000 from the previous week to 216,000 on the period ending October 26th, reaching the same level of mid-May of this year, and well below market expectations of 230,000. The decline reinforced the view that the U.S. labor market remains resilient to the Federal Reserve’s restrictive interest rates, bolstering expectations that the central bank will hold off on further aggressive rate cuts in upcoming decisions. (TradingEconomics)

2. US PCE Prices Rise as Expected: The personal consumption expenditure price index in the US increased 0.2% month-over-month in September 2024, after a 0.1% rise in August and in line with expectations. (TradingEconomics)

-Security Incidents and Concerns-
1. M2 crypto exchange hacked for $13M, user funds already restored: Centralized cryptocurrency exchange (CEX) M2 was hacked for $13.7 million worth of digital assets, the exchange shared in an Oct. 31 announcement, which stated: “We would like to report that the situation has been fully resolved and customer funds have been restored. M2 has taken full responsibility for any potential losses, demonstrating our unwavering commitment to safeguarding our customers’ interests. All services are now fully operational with additional controls in place.” (CoinTelegraph)

-Technology and Science-
1. Ford stops manufacturing electric F-150 pickups for six weeks as demand sags: Ford is temporarily halting production of its all-electric F-150 Lightning pickup truck in the face of slowing demand for battery-powered vehicles. (NYPost)

-Bitcoin Community-
1. Bitcoin Inventor Revealed? Event Claims Stephen Mollah Is Satoshi Nakamoto: A press conference held today, October 31, at London’s Frontline Club purported to unveil the true identity of Satoshi Nakamoto, the creator of Bitcoin. Stephen Mollah, a British businessman currently embroiled in a legal dispute over the same claim, stepped forward as the man behind the pseudonym. (Bitcoinist) (AC-Only 300 more years of this…)

-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 75/100 (Down 2 pts)

Analyst Comments (AC): NSTR

Follow us on NOSTR: npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report