DIB 25 SEP 2024

BTC Daily Intelligence Bulletin (DIB)
Block: 862,809
DTG/ICOD: 1200Z 25Sep24
Precedence: Routine (RR)
Controls: Public Release
QQQQ


BLUF: Biden Addresses UN / Hezbollah Targets Mossad in Tel Aviv / US Supply Ship Damaged / FCC Fast-Tracks Soros’ Media Scoop Up / Storm Eyes Florida / Harris Office in Tempe Catches Bullets / Son of Would-Be Assassin Routh Curiously Arrested / Gensler on the Hill / Milei Says No to UN Agenda / FTX Ellison Gets 2 Years, $11B Fine / Chinese Citizens Moving to Bitcoin / Bitcoin Energy Usage Fact-Checked

Market Data: Price: 1 BTC= $63,798, 24.02 oz Gold, .15 Median US House
24hr Hi: $64,804 / Lo: $62,751
Vol: $29B (Up 9%)
Mkt Cap: $1.26T (Even)
HashRate: 697 EH/s
Avg Fee Rate: 2 sats/vBtye (Down 66%)
Nodes: 19,061

—Reports—
-International Events-

  1. Biden bids farewell to UN amid global turmoil: โ€œAs much as I love the job, I love my country more. I decided after 50 years of public service, itโ€™s time for a new generation of leadership to take my nation forward,โ€ Biden said. โ€œWeโ€™re also working to bring a greater measure of peace and stability in the Middle East,โ€ Biden said Tuesday. โ€œThe world must not flinch from the horrors of Oct. 7. Any country, any country, would have the right and responsibility to ensure that such an attack would never happen again.โ€ โ€œIโ€™ve seen a remarkable sweep of history,โ€ the president said. (TheHill)
  2. Israel Intercepts First Missile Hezbollah Has Fired at Tel Aviv: Israel said it intercepted the first missile Hezbollah had ever fired at the commercial capital of Tel Aviv, with the militant group saying it was targeting the command headquarters of Israelโ€™s Mossad spy agency. Hezbollah said that Mossad, the target of the missile, is responsible for the assassination of several of its leaders, as well as pager attacks on its members. (WSJ)
  3. US Navy replenishment ship damaged after refueling warships in the Middle East: The USNS Big Horn was damaged after it resupplied the USS Abraham Lincoln aircraft carrier strike group. A website that tracks vessels described the Big Horn as having โ€œran aground โ€ฆ and partially flooded off the coast of Oman.โ€ (AP)

-US Events-

  1. FCC moves with ‘unprecedented’ speed to approve Soros’ capture of 200+ radio stations with foreign cash just before election: On Wednesday, the FCC reportedly adopted an order to approve the purchase, meaning that in a matter of days, Soros will likely take control of communications to over 165 million Americans with the help of unvetted foreign investors whom Democrats have spared from the FCC’s customary national security review process. Rep. Chip Roy (R-Texas), Sen. Ted Cruz (R-Texas), and other critics noted, however, that such a transfer would be problematic as the reorganized company would exceed legally acceptable foreign ownership limits. (TheBlaze)
  2. Tropical Storm Helene begins to intensify, expected to hit Florida as major hurricane: “Significant strengthening is anticipated before landfall on the northeast Gulf coast”, the NHC said. (WESH)
  3. Arizona: Shots Fired into Kamala Harris Campaign Office in Tempe: โ€œWe can confirm that on 9/23/24, what appears to be damage from gunfire at โ€ฆ a DNC Campaign Office, was discovered,โ€ Tempe police told NBC News on Tuesday. Sgt. Ryan Cook confirmed that no injuries occurred and that the shots were fired during overnight hours. (Breitbart)
  4. Son of Ryan Routh arrested for child pornography: The son of Ryan Routh, the man arrested in connection with the second apparent assassination attempt of former President Donald Trump, has been taken into custody on federal charges of possessing child pornography. Investigators said the pornography was found on a Samsung Galaxy Note device located inside Oran Routh’s primary bedroom in the residence, as well as another Galaxy Note device in Routh’s possession. (ABC) (AC-If reading between the lines, one might conclude that an ‘unrelated’ arrest of the son of Ryan Routh might be useful as leverage over any possible damning testimony by the would-be assassin. After all, this is how a powerful gang such as the mafia or intelligence agencies might pressure a target to stay quiet.)

-Regulatory and Legal-

  1. Congressman Blasts SEC Chair Over Crypto Regulation Failures: Congressman Tom Emmer sharply criticized U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler during a congressional hearing, questioning his leadership and approach to cryptocurrency regulation. โ€œThe SEC broke the law, your attorneys lied to the court, and no one in your leadership here in D.C. has been held accountable,โ€ the lawmaker stressed. (BitcoinCom)

2, Argentina Rejects UN Pact for the Future as Milei Breaks With International Agenda: he government of Argentina has refused to endorse the United Nations Pact for the Future, a framework that proposes solutions for โ€œthe biggest challenges of our time.โ€ Foreign Minister Diana Mondino stated on Monday before the UN Assembly that these agendas werenโ€™t binding and that Argentina wanted to have โ€œwings to grow in freedom.โ€ Other countries also rejected the pact including Russia, Venezuela, Nicaragua, North Korea, and Belarus. (BitcoinCom)

  1. Caroline Ellison Sentenced to Two Years: Former Alameda Research CEO Caroline Ellison was sentenced to 24 months โ€“ or two years โ€“ in prison by a federal judge on Tuesday. The judge said Ellison, 29, who will also have to forfeit about $11 billion. (CoinDesk)

-Central Bank Digital Currencies-
NSTR

-Institutional Concerns-

  1. Bitcoin ETFs set to attract liquidity and speculation as IBIT options trading gains approval: The U.S. Securities and Exchange Commission approved BlackRockโ€™s proposal to list and trade options for its spot bitcoin ETF. Retail traders typically use options for speculation while larger institutions use options as a hedge. (TheBlock)

2, Chinese Investors Seek Shelter In Bitcoin As Economy Struggles: A report by Chainalysis shows that Chinese investors have been moving to Bitcoin even long before the Bank of China announced its stimulus policy. According to the study, inflows into Chinaโ€™s OTC brokers have reached up to $20 billion in each of the three quarters through June. Over these nine months, these brokers have recorded a total of $75.4 billion in inflows. (CoinGape)

-Economic Indicators-

  1. US Mortgage Rates Continue to Fall: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances declined by 2bps to 6.13% in the week ended September 20th, 2024, reaching a new low since September 2022. (TradingEconomics)
  2. S&P 500 Tops Fresh Record: The S&P 500 added 0.2% to close at a new record on Tuesday, and the Nasdaq 100 rose 0.5%, largely due to a surge in Nvidia shares, which climbed 4%. (TradingEconomics)

-Security Incidents and Concerns-

  1. ChatGPT macOS Flaw Could’ve Enabled Long-Term Spyware via Memory Function: A now-patched security vulnerability in OpenAI’s ChatGPT app for macOS could have made it possible for attackers to plant long-term persistent spyware into the artificial intelligence (AI) tool’s memory. (HackerNews)

-Technology and Science-

  1. Psilocybin Shows Promise for Treating Depression With Fewer Side Effects Than Common Antidepressants: The report, published Saturday in medical and health news outlet Medical Xpress by researchers from the European College of Neuropsychopharmacology, said psilocybin and standard selective serotonin reuptake inhibitor antidepressants show similar improvement in depressive symptoms. Better yet, psilocybin offers additional longer-term benefits, the study revealed. (Decrypt)

-Bitcoin Community-

  1. Bitcoin mining does not use 8% of global electricity although US talk show hosts think so: On a recent episode of โ€œReal Time with Bill Maher,โ€ Maher claimed that crypto consumes 8% of global electricity, likening its impact to adding 15.7 million gas-powered cars to the road. However, data indicates these figures may be significantly inflated. Bitcoin, the largest digital asset, consumes approximately 150 terawatt-hours of electricity annuallyโ€”less than 1% of global electricity usage, according to the International Energy Agency. (CryptoSlate)

-Bitcoin Sentiment-

  1. Fear(0)/Greed(100) Index: 67/100 (Up 13 pts)

Analyst Comments (AC): The UN General Assembly has passed a very significant resolution this week called “The US Pact for the Future” with key provisions granting the UN significant powers over international affairs, some in times of ‘uncertainty’ or over technological areas like global AI governance. Not much is being reported on this WEF-style power grab in the US as it would rub freedom-minded or national sovereignty-minded Americans the wrong way. It may be true that global initiatives like this often lack actual traction on national affairs, until times of global distress. Consider reading up on it to learn more about the globalist agendas.

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

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