DIB 14 NOV 2024

BTC Daily Intelligence Bulletin (DIB)
Block: 870,281
DTG/ICOD: 1200Z 14Nov24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: Biden, Xi to Meet in Peru / SecState Promises Billions to Ukraine / FBI Raids Polymarket CEO / Congress Probes UFOs / More Trump Picks Raise Ire / Thune Elected Senate Majority Leader / FreeRossDayOne / Whales Using Binance More / Houses Harder to Buy / Inflation Ticks Up / Crypto Attacks Increasing / Bitcoin Devs Making Changes

Market Data: Price: 1 BTC= $90,775, 35.54 oz Gold, .21 Median US House
24hr Hi: $93,434 / Lo: $88,092
Vol: $118B (Up 18%)
Mkt Cap: $1.8T (Up 2%)
HashRate: 721 EH/s
Avg Fee Rate: 9 sats/vBtye (Down 50%)
Nodes: 19,425

—Reports—
-International Events-
1. Biden, China’s Xi to meet on Saturday in Peru, US officials say: U.S. President Joe Biden will meet Chinese counterpart Xi Jinping for likely the final time on Saturday, senior administration officials said, as Beijing prepares for a potentially more confrontational period with Washington under Donald Trump. The two leaders are expected to hold talks spanning a range of global hot spots, including heightened tensions between Washington and Beijing, on the sidelines of the Asia-Pacific Economic Cooperation forum in Lima, Peru, U.S. national security adviser Jake Sullivan told reporters. He did not confirm the date of the meeting. (Reuters)

2. Blinken Assures NATO Biden Will Funnel Billions to Ukraine Prior to Trump Return: Outgoing Secretary of State Antony Blinken began a farewell visit to the headquarters of the North Atlantic Treaty Organization (NATO) in Brussels, Belgium, on Wednesday in which he repeatedly insisted that President Joe Biden would “push every dollar out the door that we have at our disposal” to Ukraine. (Breitbart)

-US Events-
1. ‘Obvious political retribution’: FBI raids Polymarket CEO’s home days after platform predicted Trump’s win: FBI agents reportedly raided the Soho, New York apartment of Polymarket’s 26-year-old CEO and founder, Shayne Coplan, early on Wednesday (Nov 13) morning, confiscating electronic devices. A Polymarket spokesperson speculated that the raid might have been politically motivated, calling it “obvious political retribution by the outgoing administration against Polymarket for providing a market that correctly called the 2024 presidential election” aimed at Polymarket for predicting the 2024 election results. (WION)

2. Congress Probes Alleged Government Secrecy on UFOs: Former Pentagon official Luis Elizondo testified yesterday that a government ‘cabal’ possesses evidence of non-human technology, with UAPs reportedly capable of 3000 G-force speeds. The hearing investigates the alleged ‘Immaculate Constellation’ program. Congress pushes for increased UFO transparency with new legislation allowing civilian pilots to report sightings. The Pentagon has documented 400 unexplained sightings and 11 near-misses with military aircraft. (Ground)

3. Trump to nominate Matt Gaetz for attorney general, Tulsi Gabbard for DNI: President-elect Donald Trump says he will nominate longtime ally GOP Rep. Matt Gaetz of Florida to serve as his attorney general — a choice that quickly prompted backlash from Democrats and some Republicans over Gaetz’s history. In another press release from the Trump-Vance Transition team, Trump praised Gabbard as having “fought” for the United States and for the “freedoms of all Americans.” (CNN, Breitbart)

4. John Thune elected Senate majority leader: Republicans elected Sen. John Thune of South Dakota to be the Senate majority leader on Wednesday. Thune defeated Sen. John Cornyn of Texas and Sen. Rick Scott of Florida to replace Sen. Mitch McConnell as leader of the GOP caucus. (CNBC)

-Regulatory and Legal-
1. Silk Road founder trusts Trump to ‘honor his pledge’ for commutation: Silk Road founder Ross Ulbricht, currently serving life in federal prison, posted on X for the first time since the United States election to express hope President-elect Donald Trump would fulfill a campaign promise by commuting his sentence. In a Nov. 12 X post, Ulbricht said he could “finally see the light of freedom at the end of the tunnel” for his time in prison after Trump’s election victory. (TradingView)

-Central Bank Digital Currencies/World Currencies-
NSTR

-Institutional Concerns-
1. Binance Now Bitcoin Whale Hub: Mean Inflow Jumped Almost 10x In 2024: At the beginning of this year, the inflow was just 0.9 BTC, which means the average transaction going to the platform involved less than a single Bitcoin. Recently, the mean Binance Bitcoin Exchange Inflow set a high of 6.8 BTC, which, at the current exchange rate, is worth about $614,000. This is a significant sum, so the fact that the average deposit to the platform is this large would imply the whales have been actively making inflows. (BItcoinist)

-Economic Indicators-
1. You need to make $108,000 to afford a home in America: A household needed to earn $107,700 to afford a new single-family home and pay property taxes and insurance costs in the third quarter of this year, according to a new report from Oxford Economics. That’s nearly double the household income of $56,800 needed to afford a new home in 2019. A major contributor to the home affordability crisis: rising mortgage rates. (CNN)

2. US Inflation Rate Picks Up: The annual inflation rate in the US accelerated to 2.6% in October 2024, up from 2.4% in September which was the lowest rate since February 2021, and in line with market expectations. (TradingEconomics)

-Security Incidents and Concerns-
1. Irish authorities seize $3.4m in crypto linked to Chinese ‘pig butchering’ scams: Irish authorities have seized over $3.42 million worth of cryptocurrency, believed to be the proceeds of “pig butchering” scams committed by a Chinese syndicate. According to a report from the Irish Independent citing an unnamed source, an investigation led by the Garda Síochána has uncovered an international money-laundering operation linked to a Chinese criminal gang, allegedly funneling proceeds—primarily from online fraud—through Ireland. (CryptoNews)

2. Crypto influencer found dead in Montreal park months after abduction: The body of Kevin Mirshahi, a crypto influencer who was abducted from a condo in June, was found at a park in Montreal, Canada, according to local media reports. Mirshahi’s decomposing remains were discovered by a passerby at the Île-de-la-Visitation park on Oct. 30, police told The Gazette, a Montreal news outlet. The incident adds to a concerning trend of crypto executive and influencer abductions and murders, often motivated by the intent to steal — or recover — large sums of money. (CoinTelegraph)

3. Bengal Man Arrested in Connection With $235 Million WazirX Hack: Delhi Police’s Intelligence Fusion and Strategic Operations (IFSO) division has arrested a man from West Bengal, in connection with a massive cyberattack on WazirX. In July, the crypto industry witnessed the hack of India’s largest crypto exchange, WazirX. The exploit resulted in losses of approximately $235 million, with hackers targeting the platform’s hot and cold wallets. (Decrypt)

-Technology and Science-
1. China’s J-35 stealth fighter to be suited up for aircraft carrier service: Chinese sources have confirmed that the country’s most advanced stealth fighter will be deployed on aircraft carriers, teaming up with another shipborne jet to promote joint operations. (SCMP)

-Bitcoin Community-
1. OP_CAT could go live on Bitcoin within 12 months: If approved, OP_CAT will introduce drastic changes to the Bitcoin network, including covenants, ZK-rollups and even Bitcoin-native layer-2 networks. Notably, the introduction of OP_CAT will see Starknet become the first layer-2 network to settle natively on both Bitcoin and Ethereum. (CoinTelegraph)

-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 88/100 (Up 4 pts)

Analyst Comments (AC): As seen by the security articles above, attacks on identifiable holders of bitcoin and crypto are increasing both in the digital and physical realms. As the value of bitcoin rises and the wealth of holders increases, they will become increasingly targeted by thieves and scammers. Take precautions now as holders of the digital asset to fortify your digital holdings, reduce your online ‘target package’ and increase your physical security posture. Study and keep up with emerging scams to stay ahead. It’s time to take your stack security seriously.

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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report