When $70B in Bitcoin paints a target on your back

GM. We are the crypto juicer, taking market pulp and turning it right into a cool, refreshing sip of reports – zero seeds, all taste.

🫣 Peter Todd, the man an HBO documentary claimed could possibly be Satoshi Nakamoto, says he is now frightened about his security.

🗽 Tigran Gambaryan, a Binance exec held in Nigeria since February, has been launched.

🗯 Michael Saylor faces backlash over his assertion about Bitcoin custody.

🍊 Information drops: Buenos Aires launches a brand new digital ID service utilizing ZK proofs, Gary Gensler needs Bitcoin a cheerful “candy sixteen” + extra

🍍 Market taste right now

Crypto Market Cap $2.33 Trillion -1.30% (24H)

Title
Value
24H %
7D %

Bitcoin BTC
$66,282.68
-1.26%
-2.13%

Ethereum ETH
$2,577.03
-1.99%
-2.08%

BNB BNB
$581.74
-2.23%
-2.78%

Solana SOL
$166.11
-0.94%
6.52%

The market’s as nonetheless as a pond right now 🏝 The Concern and Greed Index continues to be lounging at 70, in “Greed” territory. Bitcoin? It is doing its finest impression of a zen grasp, hovering round $67K and considering the which means of life.

However do not let the calm waters idiot you – there is a riptide forming beneath the floor. Choices merchants are betting that Bitcoin will hit $80K by the top of November.

Now, cue Paul Tudor Jones, the investing legend himself. He is predicting that the US public deficit is gonna outpace present funds projections, and yields on longer-term Treasurys are set to rise as a result of “the US will finally attempt to inflate its means out.” Translation: the greenback is perhaps headed for a little bit of an id disaster. His hedge in opposition to inflation? Shopping for commodities – together with *drumroll* Bitcoin! 🎉

So, with the massive gamers making their strikes, the chessboard is ready for an thrilling finish to the yr. Hold these diamond fingers robust and eyes on the prize – persistence is vital! 💎

🫣 You possibly can’t run, however you may cover

Keep in mind that HBO documentary we talked about, Cash Electrical: The Bitcoin Thriller – the one claiming to unmask the actual Satoshi Nakamoto? Spoiler alert: their suspect is Peter Todd, a man who’s repeatedly denied being the creator of Bitcoin. Kinda humorous… properly, until denial is a part of his plan.

Anyhow, the proof that he is Satoshi? Lowkey this:

And the factor is – due to this most likely false declare, Todd appears like he is in peril. He is stepped again from the general public eye, genuinely fearing for his security.

Why? Give it some thought – grandmas get focused by robbers once they have like $50 of their purses. Now think about being rumored to carry Satoshi’s stash of 1.1M BTC, which is over $70 BILLION. The goal’s even greater than your m…assive coronary heart. Phew, saved it.

In an interview with Wired, Todd mentioned that there is a purpose Satoshi wished to remain hidden, and we should always hold it that means. He thought the documentary was concerning the historical past of Bitcoin and never a mission to show its creator – had he recognized, he would’ve by no means taken half in it.

In response, the documentary’s creator, Cullen Hoback, disregarded Todd’s fears as overstated. Plus, he argues that as a result of Satoshi holds a lot energy over the market, it is necessary to disclose who he actually is.

About these overstated risks, it is like… was he there? How does he really know there isn’t any actual menace? As for revealing Satoshi’s id, properly, most individuals assume the movie nonetheless did not crack the case, so the thriller stays unresolved… or does it? 😉

🗽 Free ultimately

We have got one other replace on a narrative we have beforehand coated, and it is a large one.

Tigran Gambaryan, the Binance exec who received arrested in Nigeria over allegations in opposition to Binance (translation: not something he personally did), has been lastly launched after spending eight months behind bars.

His time there? Positively no vacay overseas. The man’s been battling some critical well being points – from malaria to barely with the ability to stroll. Phrase is, the costs in opposition to him have been dropped in order that he may get the right medical remedy he desperately wanted again house.

W for justice!

🍎 Newton’s Third Legislation in motion

Michael Saylor, co-founder of Microstrategy, lately had a chat with monetary markets journalist Madison Reid. And a few bombshells he dropped… as Vitalik Buterin put it, batshit insane.

Saylor mentioned that Bitcoin traders ought to belief “too large to fail” banks to maintain their property secure. Is not this kinda like telling a vegan to belief the most important steakhouse on the town?..

You understand how Newton’s Third Legislation goes: for each motion, there is a response. Lemme inform ya, the crypto group did not disappoint on that “response” half:

– Jameson Lopp, co-founder of Casa, identified that centralizing cash into just a few fingers will increase the systemic danger of loss and cuts Bitcoiners out of necessary governance actions;

– Buterin commented that Saylor’s thought appears like pushing for a “regulatory seize strategy,” as lawmakers and regulation enforcement are cozy with these large monetary establishments – which isn’t what crypto is about in any respect;

– Erik Voorhees, founding father of ShapeShift, additionally jumped in, saying that self-custody is the very best protection in opposition to the inevitable centralization and corruption that comes with large establishments.

So, Saylor’s received the entire crypto business throwing fingers ‘trigger his thought goes in opposition to Bitcoin’s entire level: placing monetary energy again into the fingers of the individuals. Positive, like Voorhees famous, not everybody must self-custody all the pieces at all times – that is not sensible for each use case. However individuals ought to no less than know the way to take action and lean that means once they can.

📰 Information drops

🇦🇷 Buenos Aires made historical past with a brand new digital ID service, QuarkID, that protects resident privateness utilizing ZK proofs. It is now a part of the town’s miBA app, the place locals can entry municipal companies and paperwork.

🎂 SEC chair Gary Gensler wished Bitcoin a cheerful “candy sixteen” forward of its white paper anniversary on October 31. And the reward? Extra of the identical “regulation by enforcement” crackdown on crypto.

🥸 Meta’s experimenting with facial recognition tech to deal with deepfake celeb-bait rip-off advertisements on its platforms. The instrument checks photographs within the advertisements in opposition to celebrities’ Fb and Instagram profile pics to catch the fakes.

🪐 An on-chain investigation claims that North Korean hackers would possibly’ve had a hand in growing a part of Cosmos’ Liquid Staking Module (LSM). Now, Cosmos’ co-founder says they’re exploring methods to ditch LSM solely.

☁️ This collab provides devs real-time entry to blockchain knowledge by means of Google Cloud’s Pub/Sub.

🍌 Juicy memes