DIB 11 NOV 2024

BTC Daily Intelligence Bulletin (DIB)
Block: 869,847
DTG/ICOD: 1200Z 11Nov24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: Moscow, Kiev Trade Drone Strikes / Qatar Halts Gaza Peace Efforts / 6.8 EQ Hits Cuba / Trump Names Border Czar / Rare Wildfire Hits NJ, NY / DOJ Jails ‘Bitcoin Fog’ Founder / Mt Gox Moves $2.8B in BTC / MicroStrategy up over 100%, Buys More Today / Bitcoin Over $80K, New ATH / Stocks Soar Last Week / Wrench Attack in Thailand Nets $250K / Russian Hackers Target South Korea / FTX Sues Binance

Market Data: Price: 1 BTC= $81,489, 30.87 oz Gold, .19 Median US House
24hr Hi: $82,490 / Lo: $78,537
Vol: $79B (Up 37%)
Mkt Cap: $1.62T (Up 2%)
HashRate: 727 EH/s
Avg Fee Rate: 11 sats/vBtye (Up 360%)
Nodes: 18,868

—Reports—
-International Events-
1. Moscow targeted as Ukraine and Russia trade huge drone attacks: Russia’s defense ministry said it intercepted 84 Ukrainian drones over six regions, including some approaching Moscow, which forced flights to be diverted from three of the capital’s major airports. Ukraine’s air force said Russia launched 145 drones towards every part of the country on Saturday night, with most shot down. The Ukrainian air force said 62 of Russia’s Iranian-made drones were shot down, while 67 were “lost”. A further 10 left Ukraine’s airspace heading back towards Russia, as well as neighboring Belarus and Moldova, it added. (BBC)

2. Qatar suspends Gaza mediation efforts: Qatar says it has suspended its mediation efforts between Israel and Hamas after a lack of progress in reaching a ceasefire deal for Gaza. (ALJazeera) (AC-Pain is the only stimulus that leads to actual conflict resolution.)

3. 6.8 magnitude earthquake shakes Cuba after hurricanes and blackouts: An earthquake with a preliminary magnitude of 6.8 shook eastern Cuba on Sunday, after weeks of hurricanes and blackouts that have left many on the island reeling. The blackouts and wider discontent among many struggling to get by has stoked small protests across the island. (ABC)

-US Events-
1. Trump Taps Former ICE Director Tom Homan As ‘Border Czar’ “I am pleased to announce that the Former ICE Director, and stalwart on Border Control, Tom Homan, will be joining the Trump Administration, in charge of our Nation’s Borders (“The Border Czar”), including, but not limited to, the Southern Border, the Northern Border, all Maritime, and Aviation Security,” Trump wrote on Truth Social. (ZeroHedge)

2. Fire at New Jersey-New York border still uncontrolled after burning over 2,500 acres: Rain was falling across the Northeast on Sunday afternoon, bringing a much-needed assist to firefighters battling a major wildfire straddling the border of New Jersey and New York. While Saturday marked 42 days without any measurable rainfall in the city of Philadelphia, and the driest streak in New York City history, many cities throughout the Northeast were expecting to see measurable rainfall on Sunday. (ABC)

-Regulatory and Legal-
1. DOJ Strikes Bitcoin Fog: The End of Darknet’s Most Elusive BTC Service: The U.S. Department of Justice (DOJ) announced Friday that Roman Sterlingov has been sentenced to prison for operating Bitcoin Fog, a BTC mixing service. The DOJ stated: “A dual Russian-Swedish national was sentenced today to 12 years and six months in prison for his operation of the longest-running bitcoin money laundering service on the darknet.” (BitcoinCom)

2. Mt. Gox Trustees Move $2.4 Billion in Bitcoin to New Wallets: Arkham data reveals that defunct exchange Mt. Gox transferred $2.4 billion in Bitcoin to two wallets, including a new one and a cold wallet. The move coincides with Bitcoin surpassing $81,000, with trustees consolidating their BTC holdings before a potential sale on exchanges. (Decrypt)

-Central Bank Digital Currencies/World Currencies-
NSTR

-Institutional Concerns-
1. MicroStrategy’s Bitcoin portfolio surpasses $20B, ROI now over 100%: MicroStrategy’s 252,200 Bitcoin is now worth $20.5 billion — putting the company up over 104% on its Bitcoin investment strategy, according to “Saylor Tracker,” The Bitcoin-stacking firm bought Bitcoin 42 times at a dollar cost average of $39,292. (CoinTelegraph) (AC-MSTR just bought more, see below)

2. MicroStrategy Buys 27,200 BTC Worth Over $2B, MSTR Stock Jumps 8%: MicroStrategy has announced that it has acquired more Bitcoin for $2 billion and now holds 279,420 BTC. This comes amid the Bitcoin price reaching new highs, which puts its Bitcoin investment in unrealized profit of over $10 billion. Meanwhile, the MSTR stock surged 8% on the back of this announcement from the company. (CoinGape)

3. BlackRock’s Bitcoin ETF Just Passed Its Gold Fund in Assets: BlackRock’s iShares Bitcoin Trust ETF (IBIT) has surpassed its iShares Gold ETF (IAU) in net assets, with $33.17 billion in value. This achievement is notable as the Bitcoin product has only been around since January, while the gold ETF has been offered since 2005. (Decrypt)

-Economic Indicators-
1. Bitcoin Soars Above $80,000 on Trump Boost: Bitcoin surged past $80,000 on Monday, reaching new all-time highs, as the prospect of a more favorable regulatory environment under a Donald Trump presidency and a Republican-led Congress sent crypto prices soaring. (TradingEconomics)

2. S&P 500, Dow Close at New Records: US stocks continued their upward momentum to close at records on Friday, buoyed by optimism surrounding Donald Trump’s victory and a favorable interest rate cut from the Federal Reserve. The S&P 500 gained 0.4% to notch a new record, after surpassing the 6,000 threshold during the session. The Dow also closed at record high, adding 259 points, reaching 44,000 for the first time, while the Nasdaq booked marginal gains. The best-performing sectors were utilities, real estate, and consumer staples, while materials lagged. Tesla’s stock jumped 8.2% to $321.22, as the company achieved a trillion-dollar valuation for the first time in over two years. (TradingEconomics)

-Security Incidents and Concerns-
1. Ukrainian Man Falls Victim to $250,000 Crypto Robbery in Thailand: A Ukrainian man has become the latest crypto holder to fall victim to a “$5 wrench attack” after being robbed of 250,000 in USDT. According to a recent report by English-language local news outlet Bangkok Post, 23-year-old Viacheslav Leibov was invited into a hotel room by his 18-year-old Ukrainian friend Alfred Chernyshuk on Friday. The alleged crime took place when the would-be victim decided to make use of the toilet, where he found two men with their faces covered waiting for him. The pair tied his limbs with ropes and cable ties and ordered him to transfer 500,000 in the stablecoin USDT to a specific wallet—or else they would break his fingers. Grigoryan held a hammer, while one of the masked men had a long knife in his hands. (Decrypt)

2. Pro-Russia Hackers Target South Korea After North Korean Troops Join Kremlin’s Fight in Ukraine: Recently, a Russian hacking group launched cyberattacks on South Korea’s critical infrastructure. According to official news agencies, such a move serves as a response to Seoul’s proposal to send military experts to Ukraine to trace North Korean troops who are allegedly assisting Russia’s war efforts in the country. (TechTimes)

-Technology and Science-
NSTR

-Bitcoin Community-
1. FTX sues Binance and Changpeng Zhao for $1.8 billion over alleged financial sabotage: Bankrupt crypto exchange FTX has filed a lawsuit against Binance and its former CEO, Changpeng Zhao, seeking to reclaim approximately $1.8 billion. According to a Nov. 10 court filing, FTX alleges a complex series of actions that contributed to its financial downfall, placing Binance’s early involvement and Zhao’s actions in the spotlight. (Cryptoslate)

-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 76/100 (Even)

Analyst Comments (AC): Thank you to all Veterans for your service to our Country. Now get on the new mission and learn about Bitcoin and how it fixes a lot of the problems you wanted to fix with your service, just more peacefully.

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