BTC Daily Intelligence Bulletin (DIB)
Block: 860,605
DTG/ICOD: 1200Z 09Sep24
Precedence: Routine (RR)
Controls: Public Release
QQQQ
BLUF: Jordanian Kills 3 Israeli Border Guards / Maduro Opponent Flees Venezuela / Israel Strike Targets in Syria / SECDEF Speaks Out Against Continuing Resolution for DoD / GA Shooter Mom Called School Beforehand / BTC ETF Outflows $1.2B / Block Overtakes Coinbase / Capital One Shared Your Personal Data with Big Tech / GMO Hangover Cure / Corporate Adoption of BTC Up / Japan’s TEPCO Now Mining BTC
Market Data: Price: 1 BTC= $55,196, 22.12 oz Gold, .13 Median US House
24hr Hi: $55,534 / Lo: $53,653
Vol: $24B (Up 51%)
Mkt Cap: $1.09T (Up 1%)
HashRate: 590 EH/s
Avg Fee Rate: 2 sats/vBtye (Down 50%)
Nodes: 19,522
—Reports—
-International Events-
- Gunman crossing from Jordan kills three Israelis at border, Israeli army says: “A terrorist approached the area of the Allenby Bridge from Jordan in a truck, exited the truck and opened fire at the Israeli security forces operating at the bridge,” the Israeli military said. “The terrorist was eliminated by the security forces, three Israeli civilians were pronounced dead as a result of the attack,” it added. (NBC)
- Venezuela opposition leader Gonzalez lands in Spain seeking asylum: Venezuelan opposition presidential candidate Edmundo Gonzalez flew into Spain on Sunday to seek asylum, Madrid said, hours after quitting his country amid a political and diplomatic crisis over July’s disputed election. The exit of the 75-year-old – seen by the U.S., the EU and other powers in the region as the winner of the disputed vote – came a week after Venezuelan authorities issued an arrest warrant for him, accusing him of conspiracy and other crimes. (Reuters)
- Israeli strikes on Syria kill at least 16 people, Syrian state media say: Israeli airstrikes killed 16 people in western Syria and wounded dozens more overnight, Syrian state media reported on Monday, the deadliest Israeli attack reported by Syrian authorities since the Iranian embassy compound in Damascus was hit in April. Two regional intelligence sources said a major military research centre for chemical arms production located near Masyaf, in Hama province near the Mediterranean coast, had been hit several times. They said it was believed to house a team of Iranian military experts involved in weapons production. (Reuters) (AC- The IDF is in a full out conflict against any Iranian proxies in the region, irrespective of national borders. Iranian proxies in Gaza, West Bank, Lebanon, Yemen and Syria are all being targeted.)
-US Events-
- Pentagon chief says a six-month temporary budget bill will have devastating effects on the military: Lloyd Austin said that passing a continuing resolution that caps spending at 2024 levels, rather than taking action on the proposed 2025 budget will hurt thousands of defense programs, and damage military recruiting. “Asking the department to compete with (China), let alone manage conflicts in Europe and the Middle East, while under a lengthy CR, ties our hands behind our back while expecting us to be agile and to accelerate progress,” said Austin in the letter to leaders of the House and Senate appropriations committees.(AP)
- Georgia shooting suspect’s mother warned school of ’emergency’: The mother of the suspect in last week’s Georgia shooting contacted his school to warn of an “extreme emergency” and asked them to check on her son the day of the attack, US media reports. According to the Post, there appears to have been some confusion when a school administrator went to look for the boy, as another child had a similar name.
-Regulatory and Legal-
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-Central Bank Digital Currencies-
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-Institutional Concerns-
- Bitcoin ETFs record combined $1.2B in outflows in 8 days: On Sept. 9, Bloomberg data showed investors withdrew around $1.2 billion from the 11 listed spot Bitcoin ETFs between Aug. 30 and Sept. 6 — their longest run of outflows since launching on Jan. 10. (CoinTelegraph)
- Block Inc. overtakes Coinbase in market capitalization as Barclays revises price target: Block, Inc., the company behind payment processor Square, music streaming service Tidal, and bitcoin funding initiative Spiral, among other subsidiaries, has surpassed Coinbase in market capitalization for the first time since March. (TheBlock)
-Economic Indicators-
- Treasury Yields Edge Higher: The yield on the US 10-year Treasury note increased to 3.76% on Monday, after touching a 15-month low of 3.71% on Friday, with traders bracing for the key CPI and PPI reports later in the week for further insights on inflation trends and clues about the Fed’s next steps. (TradingEconomics)
- US Wages Rise More than Expected: Average hourly earnings for all employees on US private nonfarm payrolls increased by 14 cents, or 0.4%, to $35.21 in August 2024, following a 0.2% rise in July and slightly above forecasts of a 0.3% rise. (TradingEconomics)
- US Job Growth Below Forecasts: The US economy added 142K jobs in August 2024, more than a downwardly revised 89K in July but below forecasts of 160K. (TradingEconomics)
-Security Incidents and Concerns-
- Billion-Dollar Bank Accused of Secretly Sending Customers’ Personal and Financial Information to Facebook, Google and Microsoft: A new class-action lawsuit alleges Capital One engaged in an “outrageous, illegal, and widespread practice of disclosing – without consent – the Nonpublic Personal Information and Personally Identifiable Financial Information” of its customers, sharing it with third parties including Facebook, Google and Microsoft. (DailyHODL)
-Technology and Science-
- Silicon Valley’s new wedding perk: A bio-engineered hangover cure: One shot offers around 18 hours of protection, according to San Francisco-based ZBiotics. The protection comes from a bioengineered enzyme that breaks down acetaldehyde, a toxic, gut-lingering byproduct of alcohol that causes those morning-after headaches and stomach gymnastics. (SFStandard) (AC-Proudly GMO, what could go wrong?)
-Bitcoin Community-
- Corporate Bitcoin Adoption Surges in 2024, River Report Reveals: River’s report indicates that as of August 2024, businesses collectively hold 683,332 bitcoin (BTC), which represents 3.3% of the total bitcoin supply. This marks an impressive 587% growth in corporate holdings since 2020, with a 30% increase over the past year. The report also reveals that U.S.-domiciled companies account for 49.3% of these holdings, representing $19.7 billion. (BitcoinCom)
- Tokyo Electric Power Company’s Subsidiary Mines Bitcoin With Surplus Energy: A subsidiary of Tokyo Electric Power Co. (TEPCO) has taken an innovative step into the world of bitcoin mining. Agile Energy X, the subsidiary in question, has cleverly placed its bitcoin mining units right next to solar farms in the Tochigi and Gunma prefectures, harnessing renewable energy to power the process. (BitcoinCom)
-Bitcoin Sentiment-
- Fear(0)/Greed(100) Index: 29/100 (Up 5 pts)
Analyst Comments (AC): Some days the relevant news is slow, like today.
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report