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🥸 HBO documentary reveals that Peter Todd is Satoshi Nakamoto.
🇧🇷 X was unblocked in Brazil.
🍊 News drops: California attorney confesses to running a crypto Ponzi scheme, Caroline Ellison agrees to hand over most of her cash and assets + more
🍍 Market flavor today
The crypto market’s taking a breather today. The Fear and Greed Index is parked at a steady 49 in “Neutral” territory—unchanged from yesterday.
Bitcoin is playing it cool with little to no price movement, while analysts are still rooting for it to end the year with a bang. But what’s gonna spark the next big move? Some think that the billions heading back to FTX creditors will give the market a nice little push. Others remain cautious since it’s anyone’s guess what those creditors will actually do with their returns.
Meanwhile, the MOVE index—which tracks US Treasury note volatility—jumped 24% on Monday. Higher volatility usually means tighter financial conditions and more risk avoidance, which boosts the US dollar—a move that’s not great news for risk assets like Bitcoin.
So what’s the takeaway? The market’s in wait-and-see mode, and so are we. Keep your eyes peeled and your ears to the ground—anything could happen next! 🚀
🤝 We are all Satoshi
Last week, we talked about that new HBO documentary by Cullen Hoback, Money Electric: The Bitcoin Mystery, claiming to finally reveal who Satoshi Nakamoto is. Well, the day has come, and the results are in.
And the winner is… Peter Todd!
😀 I know, don’t judge the result too soon. Let Hoback cook for a sec:
- As a teen, Todd was really into turning Hashcash (an early concept of using Proof-of-Work to fight spam and online abuse) into a currency;
- In 2001, Todd emailed a fellow Bitcoin contributor, Hal Finney, about e-cash;
- Todd once replied to Satoshi on a forum, and Hoback thinks it felt like Satoshi talking to himself… although it was more Todd pedantically correcting Satoshi;
- Todd uses double spaces after periods, just like Satoshi;
- Todd once called himself “the world’s leading expert on how to sacrifice your Bitcoins,” which could be seen as a hint at destroying access to Satoshi’s 1.1M BTC stash.
The investigative effort is definitely there, but… Todd has repeatedly denied being Satoshi—except for when he jokes about it. Even in the doc, he sarcastically says, “Well, yeah, I’m Satoshi Nakamoto,” which is also a reference to the whole “we are all Satoshi” thing, meaning we all stand for Bitcoin’s core values.
But Hoback thinks that this is exactly what Satoshi Nakamoto would say to mess with our heads.
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Now, here’s a really strong argument on Todd’s side—even Craig Wright (the guy who tried to be Satoshi but got debunked in court) said this theory makes no sense. “After all, Craig Wright is the world’s foremost expert on not being Satoshi,” Todd said.
However, it’s funny that Todd would mention this guy ’cause… have you ever seen Todd and Wright in the same room? Think about it while I drop >> this bombshell <<.
My brain is heating up like a PC running The Sims. I don’t know who is who anymore. Actually, I lied. I do know one thing, and I’m revealing it exclusively to my beloved Daily Squeeze readers:
I am Peter Todd.😈
🎉 X returns
We’ve got an update on another story that we’ve previously covered—X getting banned in Brazil. Well, guess what? It’s back, baby.😎
Judge Alexandre de Moraes made this decision after X paid a $5M fine and appointed a legal representative in the country (which was one of the main reasons why they got banned in the first place). Plus, they’re now gonna crack down on accounts spreading fake news.
So, Brazilians, welcome back! Time to catch up on that brainrot, memes, and drama you missed these past few months.
Oh, and one more thing—apparently, just before X got unbanned, Bruno Mars went to Brazil to “celebrate his birthday.”
Coincidence? I think not. Thank you for your service, Bruno.💖
📰 News drops
👨💼 An 86-year-old former California attorney got five years probation and has to pay nearly $14M after confessing to running a crypto Ponzi scheme. Prosecutors revealed that he and two others scammed investors out of around $15M by promoting fake crypto trading programs.
💰 Ex-Alameda CEO Caroline Ellison has agreed to hand over most of her cash and assets to FTX to settle a bankruptcy lawsuit. After this, she’ll be left with nothing but some personal belongings.
💳 Alchemy Pay, a fiat-to-crypto payment gateway, just launched an update to its Virtual Card, adding Samsung Pay integration. Now, cardholders can enjoy quick and secure payments by linking to Samsung Pay.
🗒️ Canary Capital has filed with the SEC to launch a spot XRP ETF. If approved, it would let investors gain exposure to XRP without buying it directly.
🚀 Injective, a Cosmos-based Layer-1 blockchain, announced that NTT Digital, a subsidiary of Japan’s largest telecom company, is now a validator. NTT, a Fortune 500 company, chose Injective as its key partner for its Web3 expansion.
🏦 Taiwan’s Financial Supervisory Commission (FSC) is preparing to test crypto custody services. Three private banks have already shown interest in joining the pilot.