DIB 30 OCT 2024

BTC Daily Intelligence Bulletin (DIB)
Block: 868,086
DTG/ICOD: 1200Z 30Oct24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: Israel Kicks UNRWA Out / Super Typhoon Headed to Taiwan / US Pentagon Says ‘No Limit’ if NK Joins Russia in Ukraine / ‘Free Gaza’ Painted on Burning Ballot Boxes / Early Voters Down From COVID Days, But More Republican / Musk Launches Election Integrity Community / Florida CFO Wants Bitcoin Reserve / Biden Thanks Nigeria President for Releasing Binance Exec / BTC ETFs on Fire, Blackrock Leads / US Job Openings Drop Unexpectedly / Keep Seed Phrases Safe / Ancient Mayan City Found in Mexico

Market Data: Price: 1 BTC= $72,029, 25.94 oz Gold, .17 Median US House
24hr Hi: $73,577 / Lo: $70,905
Vol: $52B (Up 8%)
Mkt Cap: $1.42T (Up 1%)
HashRate: 748 EH/s
Avg Fee Rate: 3 sats/vBtye (Down 82%)
Nodes: 18,699

—Reports—
-International Events-
1. Israel’s move to ban a UN agency raises alarm about aid to Gaza even as the implications are unclear: The agency known as UNRWA provides essential services to millions of Palestinians across the Middle East and has underpinned aid efforts in Gaza throughout the Israel-Hamas war. Legislation barring it from operating in Israel passed with an overwhelming majority Monday. Israel says UNRWA has allowed itself to be infiltrated by Hamas, with the militants siphoning off aid and using the agency’s facilities as shields. (AP)

2. Taiwan expects super typhoon Kong-rey to make landfall on Thursday: Packing gusts of nearly 300 kph (186 mph), the storm has strengthened into a super typhoon and is expected to further intensify before hitting Taitung county, according to the U.S. Navy’s Joint Typhoon Warning Center. (Reuters)

3. Pentagon Warns No Limits On Ukraine Support If North Korea Joins War: The United States is warning that it is ready to escalate NATO involvement in Ukraine if North Korean troops join Russia’s war in Ukraine. “The U.S. will not impose new limits on Ukraine’s use of American weapons if North Korea joins Russia’s war, the Pentagon said on Monday, as NATO said North Korean military units had been deployed to the Kursk region in Russia,” Reuters reports. (ZeroHedge)

-US Events-
1. Police are searching for the person who set ballot boxes on fire in Washington and Oregon: With just days until Election Day, hundreds of ballots were destroyed by fires this week at two ballot drop boxes in the Pacific Northwest, and investigators are searching for a culprit they say is responsible for both. Devices at both scenes Monday and a ballot box earlier in the month were marked with the words “Free Gaza,” (CNN)

2. One week from Election Day, early voters look different than they did 4 years ago: With one week until Election Day, more than 48 million ballots have been cast across 47 states and the District of Columbia. So far, preelection voting across the country is down significantly from this point four years ago, when a record number of voters turned out before Election Day amid the Covid-19 pandemic. Across the states where Catalist has comparable data, early voters so far are older, slightly more likely to be White and more likely to be Republican than they were at this point four years ago. (CNN)

3. X Introduces Election Integrity Community: Elon Musk and X launches election integrity community to report election anomalies. (X)

-Regulatory and Legal-
1. Florida CFO advocates adding Bitcoin to state pension funds for strategic growth: Florida Chief Financial Officer Jimmy Patronis has urged the State Board of Administration (SBA) to consider adding Bitcoin to the state pension funds. On Oct. 29, Patronis sent a letter to Chris Spencer, the executive director of the Florida State Board of Administration, highlighting Bitcoin’s role as “digital gold.” He emphasized how Bitcoin could diversify the state’s portfolio while offering a protective hedge against the volatility of other major asset classes. (CryptoSlate)

2. US President Joe Biden thanks Nigerian President Bola Tinubu on a phone call for releasing Binance exec Tigran Gambaryan (TheBlock)

-Central Bank Digital Currencies/World Currencies-
1. BIS debates ending cross border CBDC project mBridge: The Bank for International Settlements (BIS) is considering whether to shut down Project mBridge, the cross border CBDC payments platform developed in collaboration with the central banks of China, Hong Kong, Thailand and the UAE. One concern is Russia’s ongoing enthusiasm for developing a similar sounding BRICS Bridge. (LedgerInsights)

-Institutional Concerns-
1. BlackRock Bitcoin ETF Triggers Major FOMO With New 6-Month High Milestone: On Tuesday, the BlackRock IBIT registered a massive $3.3 billion in trading volumes, hitting its six-month high levels. (CoinGape)

-Economic Indicators-
1. US Job Openings Unexpectedly Fall: The number of job openings fell by 418,000 to 7.443 million in September 2024 from a downwardly revised 7.861 million in August and below market expectations of 7.99 million. It is the lowest level since January 2021, indicating the labor market is cooling. Job openings decreased in health care and social assistance, and government. (TradingEconomics)

2. US Economy Likely Expanded a Strong 3% in Q3: The US economy likely expanded by an annualized 3% in the third quarter of 2024, the same as in the previous quarter, driven by strong consumer and business spending. (TradingEconomics)

-Security Incidents and Concerns-
1. The Infosec Basics: How to Keep Your Bitcoin Seed Phrase Secure: Rule one: never share your seed phrase with anyone. Rule Two: You should avoid storing your seed phrase digitally. To put it simply, your internet connected devices are vulnerable to hackers. Thus, if you want to keep your Bitcoin safe, you should invest in a hardware wallet. Don’t try to reinvent the wheel. Just record your seed phrase on a durable medium like metal, and keep it physically safe from prying eyes and thieving hands. Keep it locked in your safe or a room other people do not frequently access. Check on it from time to time. That’s all you have to do. (BitcoinMag)

-Technology and Science-
1. Vast ancient Mayan city is found in a Mexican jungle — by accident: A graduate student analyzing publicly available drone data in Mexico unexpectedly stumbled across a huge ancient Mayan city buried beneath dense jungle. For centuries, the city lay hidden amid jungle canopy in the state of Campeche, on the Gulf of Mexico. New research published Tuesday in the journal Antiquity reveals sites that in total cover area about one-and-a-half times the size of Washington, D.C. (NBC)

-Bitcoin Community-
NSTR

-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 77/100 (Up 5 pts)

Analyst Comments (AC): NSTR

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