DIB 18 NOV 2024

BTC Daily Intelligence Bulletin (DIB)
Block: 870,865
DTG/ICOD: 1200Z 18Nov24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: US Long Range Missiles May Now Target Russia Via Ukraine / US, Philippines Sign Intel Agreement / Israel Kills Hezbollah PR Chief / Trump Picks Brendan Carr for FCC / RFK Jr. ‘All In’ on Bitcoin / Polish Presidential Contender Wants Bitcoin Reserve / Spot BTC ETF Cleared for Options Trading Soon / Scammers Target Black Friday Shoppers / MARA Offers Convertible Notes / New Website Looks at BTC as Unit of Account

Market Data: Price: 1 BTC= $89,835, 34.58 oz Gold, .21 Median US House
24hr Hi: $92,194 / Lo: $88,741
Vol: $53B (Up 20%)
Mkt Cap: $1.78T (Down 1%)
HashRate: 736 EH/s
Avg Fee Rate: 6 sats/vBtye (Down 15%)
Nodes: 19,588

—Reports—
-International Events-
1. Biden authorizes Ukraine to use US-supplied longer range missiles for deeper strikes inside Russia: The decision allowing Kyiv to use the Army Tactical Missile System, or ATACMs, for attacks farther inside Russia comes as President Vladimir Putin positions North Korean troops along Ukraine’s northern border to try to reclaim hundreds of miles of territory seized by Ukrainian forces. (AP) (AC-Various interpretations view this development as a widening of the war, possibly opening up the option of Russia striking targets outside of Ukraine, such as NATO bases.)

2. Philippines, US sign military intelligence-sharing deal: US Defense Secretary Lloyd Austin signed the agreement with his Philippine counterpart, Gilberto Teodoro, at Manila’s military headquarters, where they also broke ground for a coordination centre that will facilitate collaboration between their armed forces. China’s foreign ministry said on Monday any kind of military agreement or security cooperation “must not be directed against or harm the interests of a third party, and they must not undermine regional peace or exacerbate tensions in the region”. (ChannelNewsAsia)

3. IDF Kills Hezbollah PR Chief Mohammed Afif in Beirut: An Israeli strike on a building in a densely populated district of Beirut on Sunday killed Hezbollah’s media relations chief Mohammad Afif, two Lebanese security sources told Reuters, though there was no immediate confirmation from Hezbollah. (Breitbart)

-US Events-
1. Trump’s choice for FCC chairman says agency ‘will end its promotion of DEI’ next year: Brendan Carr, who currently serves as the senior Republican member of the FCC, posted a snippet of the agency’s budget request for Fiscal Year 2025 on X, which stated that its second-highest strategic goal is promoting DEI. (Fox)

-Regulatory and Legal-
1. ‘I put most of my wealth into Bitcoin, so I am fully committed’ — RFK Jr.: In July 2023, RFK Jr. revealed that he bought Bitcoin for each of his children. Following the purchase, RFK told an audience in a Twitter Spaces event: “Right after that Bitcoin conference, I got a big check, and I said I’m going to put my money where my mouth is, so I bought two Bitcoin for every one of my seven children.” (CoinTelegraph)

-Central Bank Digital Currencies/World Currencies-
1. Strategic Bitcoin Reserve Plan Unveiled By Polish Presidential Contender: Sławomir Mentzen, chairman of the Polish “New Hope” party and a contender in the upcoming presidential election, announced his plans for establishing a strategic Bitcoin reserve in Poland during a discourse on X. The initiative underscores Mentzen’s vested interest in Bitcoin, evidenced by his personal investment of 33.7 BTC, valued at over $3 million. (Bitcoinist)

-Institutional Concerns-
1. Spot Bitcoin ETFs hit $1.7B weekly inflows, marking six-week streak: The latest inflows bring spot Bitcoin ETFs’ total net assets to $95.4 billion, or 5.27% of Bitcoin’s $1.8 trillion market capitalization. (CoinTelegraph)

2. Spot bitcoin ETF options are one step closer to going live: Late Friday, the Commodity Futures Trading Commission’s Division of Clearing and Risk (DCR) issued a staff advisory that said ETF options on spot commodity funds are “cleared and settled by the Options Clearing Corporation as the sole issuer of all equity options.” (TheBlock)

-Economic Indicators-
1. US Retail Sales Beat Forecasts: Retail sales in the US increased 0.4% month-over-month in October 2024, following an upwardly revised 0.8% gain in September, and above market forecasts of 0.3%. (TradingEconomics)

2. US 10-Year Yield Stays Near 5-Month High: The yield on the 10-year US Treasury note held steady around 4.44% on Monday, staying near its highest level in more than five months. (TradingEconomics)

-Security Incidents and Concerns-
1. Fake Discount Sites Exploit Black Friday to Hijack Shopper Information: A new phishing campaign is targeting e-commerce shoppers in Europe and the United States with bogus pages that mimic legitimate brands with the goal of stealing their personal information ahead of the Black Friday shopping season. ” The threat actor used fake discounted products as phishing lures to deceive victims into providing their Cardholder Data (CHD) and Sensitive Authentication Data (SAD) and Personally Identifiable Information (PII),” (HackerNews)

-Technology and Science-
1. Donald Trump’s Administration Is Abolishing US EV Tax Credits—Say Goodbye to $7500 Reductions: The transition team by Donald J. Trump has now confirmed that one of the plans of the President-elect of the United States is to remove one of the biggest tax and electrification programs of the current administration of President Joe Biden. This is the famed US electric vehicle tax credits that previously offered massive discounts that enticed more Americans to buy clean energy cars with as much as $7,500 price reductions. (TechTimes)

-Bitcoin Community-
1. MARA to Offer $700M Convertible Senior Note, Shares Fall 5%: The bitcoin miner plans to use up to $200 million of the proceeds to repurchase a part of its outstanding 2026 convertible notes. The remainder of funds will be used to accumulate bitcoin (BTC) and other general needs, such as expansion, strategic acquisitions and debt repayments. (CoinDesk)

2. See How Fast Your Savings and Salary Are Collapsing Against Bitcoin: With the price surging above $90,000, you’re likely all too aware that everything that isn’t Bitcoin is rapidly diminishing in value But now you can visualize it! On PricedInBitcoin21(dot)com. As you can see from a quick glance here, the U.S. dollar is now down 86% against Bitcoin on a 5 year basis. (BitcoinMag) (AC-To fully understand the effects of Bitcoin adoption, it’s important to shift perspectives often and look at it in the economic roles of money, namely: 1. Store of Value, 2. Medium of Exchange, and 3. Unit of Account.)

-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 83/100 (Up 3 pts)

Analyst Comments (AC): NSTR

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