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 fearful 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 immediately

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

Identify
Worth
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 immediately 🏝 The Concern and Greed Index continues to be lounging at 70, in “Greed” territory. Bitcoin? It is doing its greatest 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 tip 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 in the end attempt to inflate its means out.” Translation: the greenback could be headed for a little bit of an identification 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 about for an thrilling finish to the 12 months. Preserve these diamond palms sturdy and eyes on the prize – endurance is vital! 💎

🫣 You may’t run, however you may conceal

Do not forget that HBO documentary we talked about, Cash Electrical: The Bitcoin Thriller – the one claiming to unmask the true Satoshi Nakamoto? Spoiler alert: their suspect is Peter Todd, a man who’s repeatedly denied being the creator of Bitcoin. Kinda humorous… effectively, except denial is a part of his plan.

In any case, the proof that he is Satoshi? Lowkey this:

And the factor is – due to this most likely false declare, Todd seems 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 motive Satoshi needed to remain hidden, and we must always maintain it that means. He thought the documentary was in regards to the historical past of Bitcoin and never a mission to show its creator – had he identified, 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 vital 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 risk? As for revealing Satoshi’s identification, effectively, most individuals suppose 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 huge one.

Tigran Gambaryan, the Binance exec who bought 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 having the ability to stroll. Phrase is, the fees 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 Regulation in motion

Michael Saylor, co-founder of Microstrategy, not too long ago 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 buyers ought to belief “too huge to fail” banks to maintain their belongings secure. Is not this kinda like telling a vegan to belief the most important steakhouse on the town?..

You understand how Newton’s Third Regulation 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 a couple of palms will increase the systemic danger of loss and cuts Bitcoiners out of vital governance actions;

– Buterin commented that Saylor’s thought seems like pushing for a “regulatory seize strategy,” as lawmakers and regulation enforcement are cozy with these huge 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 perfect protection in opposition to the inevitable centralization and corruption that comes with huge establishments.

So, Saylor’s bought the entire crypto trade throwing palms ‘trigger his thought goes in opposition to Bitcoin’s complete level: placing monetary energy again into the palms of the folks. Positive, like Voorhees famous, not everybody must self-custody the whole lot at all times – that is not sensible for each use case. However folks ought to at the least 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 sort out deepfake celeb-bait rip-off adverts on its platforms. The instrument checks photos within the adverts 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 fully.

☁️ This collab offers devs real-time entry to blockchain information by way of Google Cloud’s Pub/Sub.

🍌 Juicy memes